Best Floating Spread Forex Brokers 2023

For this list, we have searched and tested several forex brokers offering floating spreads across all markets.

We opened real accounts and deposited between $4,000 and $8,000 with each broker. Also, for the purpose of getting the actual picture, we placed real trades in each popular market.

To solve the minor issues we encountered, we reached out to the customer support team.

Based on our professional experience and the trading data, we handpicked the best floating spread forex brokers.  

What is Floating Spread in Forex?

The trading costs, or in other words, the difference between the selling and the buying price is known as spread. There are two types of spreads; floating (variable) and fixed.

Floating or variable spread is the ever changing value that occurs between the ask and bid price. Floating spreads are totally dependent on the marketplace situation and the ongoing ask and bid prices. 

Generally, floating spread forex brokers use market execution. These brokers offer tight spreads from 0 pips. However, depending on the market activity, spreads may jump up, sometimes even higher than the normal range of 0-4 pips.

What does Floating Spread mean?

So, what is a floating spread? By floating spread, we mean the constantly changing values between the ask and bid price. The floating spread, also known as variables, depends mainly on the situation in the marketplace.

Floating spread is characteristic to most interbank relations. Based on the market activity, the spreads may go up, sometimes much higher, exceeding even the average range.

While the demand for technological trading and strategies is growing, floating spread, alongside, is becoming more and more popular.  

Fixed Spread vs Floating Spread

There are generally two main types of spreads that brokers offer; fixed and floating spreads (variables). The difference between these two offerings is that fixed spreads remain unchangeable under different marketing conditions. Variables, on the other hand, are mainly dependent on the marketplace situation, or, in other words, the current bid and offerings.

At present, the floating spread brokers are growing constantly. This is due to the increasing demand for technological trading or strategies performing automatic execution.

Still, fixed spreads are easier to calculate and they provide more stability. Fixed spreads remain stable under various market conditions, such as liquidity or volatility. Read more on best fixed spread forex brokers here.

Best Overall Live Floating Spread Account

The number of floating spread forex brokers is constantly growing. Anyway, the traders are advised to consider and choose the best option suitable for their trading strategies. Only strictly regulated forex brokers are able to provide a favorable trading environment. 

Based on these facts, we have chosen XM as a broker with the best overall live floating spread account. 

Founded in 2009, XM is a global Forex and CFD broker. The broker holds licenses in Australia, the United Kingdom, Cyprus, the UAE and Belize. The broker offers Forex pairs, indices, stocks, and commodities to traders. XM fees for Forex pairs, indices, stocks and commodities are either average or lower the industry benchmark.

As to account types, XM offers 5 accounts with different fee structures; XM Micro Account, Standard, XM Zero, XM Ultra-low and Shares accounts. XM also offers Islamic Forex Accounts to its Islamic traders.

Best Forex Floating Spread Broker for Beginners

We have picked IG as the best forex floating spread broker for beginners.

Firstly, IG is heavily regulated and holds a good number of licenses like FCA, ASIC, CFTC, DFSA, etc.

IG is great for a number of reasons, such as for its considerably low costs for Forex. Moreover, it has an excellent quality education section, selection of trading platforms and straightforward research tools.

IG markets is an excellent choice for beginners due to its demo account offering, a great number of tutorial videos and webinars. Besides, it is very easy to navigate through the information, as the learning materials are commonly separated into three levels – Beginner, Intermediate and Advanced.

Best Variable Spread Forex Brokers MT4

We have picked Markets.com as the best variable spread forex broker MT4.

Founded in 2008, Markets.com is a global Forex and CFDs broker. The broker is strictly regulated and has a number of licenses in the United Kingdom, Australia, Cyprus, South Africa, and the British Virgin Islands.

Markets.com stands out for the great number of instruments offerings in Forex pairs, indices, stocks, commodities and cryptocurrencies. Anyway, sometimes, Market.com charges higher spreads for the popular instruments. 

Markets.com offers a number of trading platforms to its traders. Along with the popular MT4 and MT5 platforms, it also has two proprietary markets – Marketsx and Marketsi. Also, see other MT4 forex brokers.

Best Forex Broker with Lowest Floating Spread

We have picked Admiral Markets as the best forex broker with lowest floating spread. 

Admiral Markets is a global Forex and CFDs broker. It was founded in 2001. The broker is licensed in Australia, the United Kingdom, Cyprus, and Estonia.

Admiral Markets offers a great number of instruments in Forex pairs, indices, stocks, commodities and cryptocurrencies.

The broker charges very low fees for the main instruments. In fact, the broker’s average spreads for the popular instruments are much lower than industry averages. For some account types, there are very low spreads with a commission, whereas, other account types have no commissions, yet they may have wider spreads.

Based on our tests, none of Admiral Markets’ average spread is above industry averages.

Floating Spread Forex Brokers List

Below is a list of floating spread forex brokers and the spreads charged by them on various markets, which we have tested and reviewed.

Forex Broker	Spread on EUR/USD	Spread on FTSE 100	Spread on Apple CFDs	Spread on Gold	Test Details	Broker Review
FxPro	1.55	1.7	0.6	3.1	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
FBS	1.13		1	4.6	Deposit Amount: Over €5,000 Total Trade: 12 trades	FBS Review
AvaTrade	0.87	1.17	2.1	3.67	Deposit Amount: Over €4,000 Total Trade: 12 trades	AvaTrade Review
Pepperstone	1.02	1	0.9	1.6	Deposit Amount: Over €4,500 Total Trade: 12 trades	Pepperstone Review
Dukascopy	0.8	1.2	1.97	3.48	Deposit Amount: Over €5,000 Total Trade: 12 trades	Dukascopy Review
Admiral Markets	0.6	0.8	0.8	2.9	Deposit Amount: Over €4,000 Total Trade: 12 trades	Admiral Markets Review
Markets.com	0.83	2.00	2.52	5.00	Deposit Amount: Over €4,000 Total Trade: 12 trades	Markets.com Review
XM	1.6	1.5	1.35	3.5	Deposit Amount: Over €5,000 Total Trade: 12 trades	XM Review
IC Markets	1.0	1.1	1.5	2.2	Deposit Amount: Over €5,000 Total Trade: 12 trades	IC Markets Review
GO Markets	1.02	4.00	–	2.43	Deposit Amount: Over €4,000 Total Trade: 12 trades	GO Markets Review

FAQ and More on Floating Spread Forex

There are usually a number of common questions that traders may have concerning the generic trading-related queries. We tried to pick and answer some of the most important queries related to floating spread forex brokers.

Variable Spread ECN

Many brokers offer their clients ECN accounts, together with the accounts with floating spread. ECN (Electronic Communication Network) is a bridging system that connects buyers and sellers. ECN brokers usually make money by charging a commission on each transaction. Generally, ECN brokers are also floating spread forex brokers, as ECN brokers do not offer fixed spread. This is due to the fact that ECN Brokers’ Fees are based mainly on Commission. For more insight, read our review on the best ECN forex brokers here.

Floating Spread Brokers Australia

We have picked Pepperstone as a Floating spread Forex broker Australia.

Founded in 2010 Pepperstone is an Australian Forex and CFDs broker. The broker holds licenses in Australia, the United Kingdom, Cyprus, Bahamas, the UAE and Kenya.

Pepperstone offers trades in forex pairs, indices, stocks, commodities, cryptocurrencies and a currency index. The fees are mostly low for all of the instruments it offers, except for cryptocurrencies.

Spreads charged by the broker are generally lower than industry benchmarks. Yet, it is noteworthy that the Bitcoin spreads are almost double the industry average. For more information read our review on the Best Forex Brokers Australia.

USA Forex Broker with Floating Spread

As USA floating spread forex brokers we have chosen two brokers: Forex.com and IG.

Both of the brokers are strictly regulated and hold a number of licenses. Both brokers offer low fees for most instruments. The brokers offer both fixed and floating spread. This depends upon the market the traders chose to trade.