Overseas Forex Spread and Commission Comparison List | Introducing Zero Spread Accounts and Brokers with Narrow Spreads

When choosing an overseas forex broker, narrow spreads are a crucial factor that directly impacts not only trading costs but also whether you can enter and exit trades at favorable prices

The spread can vary significantly depending on the broker and account type, and trading conditions can differ greatly even for the same currency pair

This article thoroughly compares multiple overseas forex brokers by measuring the spreads of major currency pairs. Furthermore, it explains recommended brokers with low spreads and how to reduce trading costs by utilizing cashback programs

By reading this article, you will learn about overseas forex brokers that offer low actual costs and efficient trading

Based on the results of a survey of over 20,000 users, the MoneyChager editorial team has analyzed the safety and trading environment of overseas forex brokers and can recommend truly recommended overseas forex brokers with narrow spreads. Please look forward to it. We

also take safety into consideration, referencing the Financial Services Agency and the Financial Futures Trading Act

When comparing accounts that offer cashback for each transaction with accounts that do not, it goes without saying that the difference in benefits becomes more significant as the number of transactions increases

If you want to trade profitably with overseas forex brokers, highly recommended to take full advantage of cashback offers .

If you prioritize bonuses over spreads when choosing an overseas forex broker, please refer to our Overseas Forex Account Opening Bonus & Deposit Bonus Comparison Ranking

What is a spread in overseas forex trading?

What is the "spread" in overseas forex trading?

In fact, a proper understanding of spreads is essential for trading at favorable prices

Here, we will explain in detail what a spread is, the important points in actual trading, and the trends among brokers

What is a spread?

The spread refers to the difference between the asking price and the selling price

This spread fluctuates almost constantly, and how wide it becomes depends on the trading conditions of the FX broker you are using and the market conditions

FX brokers either secure their own profits by adding a markup to the spreads of their partner financial institutions, or by securing their own revenue from trading fees .

The narrower the spread, the easier it is to trade at a favorable price

When choosing an overseas forex broker, traders prioritize narrow spreads

Because the narrower the spread, the more favorable the price you can trade at

The market always moves with the buying price higher than the selling price

Direction of trade	Price when entering	Price when making a payment	Impact of spread
New buy order (long position)	Buy price (Ask)	Selling price (Bid)	The narrower the spread, the lower the buying price and the higher the selling price tends to be
New short position	Selling price (Bid)	Buy price (Ask)	The narrower the spread, the higher the selling price and the lower the buying price tends to be

for example,At the moment you take a position (for example, when you take a dollar if you buy USD/JPY), the spread is an unrealized lossThis is the result

However, the unrealized loss due to the spread will be smaller the narrower the spread is

Naturally, a narrower spread means you can realize profits faster, so a narrower spread means you can trade at a more favorable rate .

The difference between brokers with wide spreads and those with narrow spreads

Among overseas forex brokers, there is a significant difference between those with wide spreads and those with narrow spreads

The spread is a key factor in choosing a broker

However, brokers with wide spreads have their own unique appeal

item	Brokers with wide spreads	Brokers with narrow spreads
Maximum leverage	expensive	low
Bonus Campaign	many	few

Brokers with wide spreads tend to be more proactive in offering bonus campaigns and have higher maximum leverage, as they can secure significant profits from these spreads.

On the other hand, brokers with narrow spreads tend to be less inclined to offer bonuses because their profits from spreads are lower

Differences in spreads between overseas and domestic forex trading

There are differences between overseas and domestic forex brokers, including the mechanisms for displaying spreads, as detailed below

You often hear comments like, "Overseas forex FX has wider spreads than domestic forex FX," but you can't actually compare the spreads of the two without understanding the difference between overseas and domestic forex FX

How spreads work

first major difference between overseas and domestic forex trading is the "variable spread" versus the "fixed spread" system

item	Variable spread	Fixed spread (in principle)
Features	The spread is constantly fluctuating	The default spread is displayed by default
Highly volatile market	The spread will widen	The spread will widen
Market with little fluctuation	The spread will narrow	Fixed to the default low spread
FX brokers that use	Common among overseas forex brokers	Common among domestic FX brokers

Domestic FX brokers generally offer fixed spreads, allowing for trading with very narrow spreads .

In a market where prices are constantly fluctuating, one reason why domestic FX brokers can offer fixed spreads is that over-the-counter (OTC) trading is the dominant method of trading in Japan

In over-the-counter transactions,Because they settle customer orders themselves, FX brokers can easily set spreadsIt has distinctive features

The adoption of over-the-counter trading is one of the factors that enables domestic FX brokers to offer low, fixed spreads

Account type and execution method

of overseas forex trading trading conditions can differ depending on the account type, even within the same account .

Depending on the account type, allowing you to trade with very narrow spreads

On the other hand, domestic FX brokers do not offer different account types; only one account can be used per user account

Spread units

The spread units for "cross-yen currency pairs" that include the Japanese yen differ between overseas and domestic forex trading

In domestic FX trading, common practice to list the spread for cross-currency pairs in cents .

price difference	Overseas FX pips	Domestic FX (Cash)
1 yen	100 pips	100 sen
0.1 yen	10 pips	10 sen
0.01 yen	1 pip	1 sen

Pips are a unit used to indicate price differences. In domestic FX trading, currency pairs other than cross-yen pairs are also expressed in pips

Key points to consider when comparing spreads at overseas forex brokers

When comparing spreads in overseas forex trading, the following two points are important:

Unlike domestic FX, overseas FX spreads vary depending on the account type

Differences between STP accounts and ECN accounts

In overseas forex trading, there are two main types of accounts: STP accounts and ECN accounts

These companies each employ different execution methods

Comparison items	STP account	ECN account
Execution method	NDD STP method	NDD ECN method
Transaction fees	Many are free	Many are paid services
spread	Often spacious	Often narrow

There can be a difference in spreads between STP accounts and ECN accounts due to the different execution methods they employ

Therefore,When comparing spreads for overseas forex brokers, it's necessary to consider STP accounts and ECN accounts separately

STP account: NDD STP method

The execution method used in STP accounts, "NDD STP method," is a mechanism that executes customer orders through Straight Through Processing (directly routing them to the market)

In the NDD STP method, when an order is received from a customer, the company adds its own profit margin (spread) to the rate offered by its partner LP (liquidity provider) and executes the order.

After that, the FX broker conducts a cover transaction with the LP at the original rate after deducting the markup; this is how the NDD STP system works

ECN account: NDD ECN method

The execution method used in ECN accounts, known as the "NDD ECN method," is a system that executes customer orders using an Electronic Communication Network (a private electronic trading system)

In the NDD ECN system, the FX broker acts as a complete intermediary

Through the FX broker's electronic trading system, customer orders are matched and executed directly at the rates offered by the LP (Liquidity Provider)

Therefore,With the NDD ECN method, there is no spread markup by the FX broker

However, unlike the NDD STP method, FX brokers set a trading fee as their profit, but unlike spreads, the trading fee remains at a fixed amount

If you'd like to learn more about the NDD method, which is widely used in overseas forex trading, please see What are the NDD and DD methods in overseas forex trading? Explanation of differences, advantages, and disadvantages

Transaction fees

Some overseas forex brokers may charge trading fees for account types that offer favorable spreads

For example, account types that use the NDD ECN method, or account types that offer preferentially more favorable spreads even if the execution method is the same, will incur trading fees

can also be converted into an effective spread of "0.1 pips per dollar"

For account types that charge transaction fees, thisIt is important to consider trading costs in terms of the effective spread, which includes transaction feesis

Overseas Forex Spread Comparison Chart | By Account Type

Here, we will compare the spreads of overseas forex brokers by account type

Check the spreads offered by each company, comparing their STP and Standard accounts (which are easy for beginners to use and have no trading fees) with their ECN accounts (which have trading fees) (suitable for advanced traders who prioritize narrow spreads)

Spread Comparison | STP Account vs. Standard Account

The following is a spread comparison table for STP accounts and Standard accounts, which offer commission-free trading

Company Name Account Type	USD/JPY	EURUSD	GBPUSD	AUDUSD	XAUUSD	Average value of major currency pairs
Exless Standard Account	1.2 pips	1.1 pips	1.3 pips	1.1 pips	1.6 pips	1.2 pips
Axi Standard Account	1.3 pips	1.1 pips	2.1 pips	1.1 pips	1.8 pips	1.4 pips
ThreeTrader Pure Spread Account	0.9 pips	0.8 pips	1.3 pips	0.8 pips	1.5 pips	1.0 pips
easyMarkets MT5 account	2.2 pips	1.0 pips	2.0 pips	2.2 pips	4.3 pips	1.9 pips
MYFX Markets Standard Account	1.5 pips	1.3 pips	1.7 pips	1.3 pips	4.2 pips	1.5 pips
BigBoss Standard Account	1.6 pips	1.6 pips	1.9 pips	1.7 pips	3.6 pips	1.7 pips
Milton Markets Smart Account	1.6 pips	1.3 pips	1.9 pips	1.4 pips	4.3 pips	1.6 pips
TitanFX Standard Account	1.8 pips	1.6 pips	2.0 pips	1.4 pips	2.7 pips	1.7 pips
XS.com Standard Account	2.0 pips	1.3 pips	1.5 pips	1.3 pips	1.8 pips	1.5 pips
XMTrading Standard Account	2.7 pips	2.2 pips	2.9 pips	2.6 pips	4.1 pips	2.6 pips
HFM Premium Account	2.8 pips	2.2 pips	2.7 pips	2.2 pips	3.2 pips	2.5 pips
Vantage Trading Standard Account	3.0 pips	2.6 pips	3.1 pips	2.9 pips	3.4 pips	2.9 pips
FXGT Standard+ Account	2.4 pips	2.0 pips	2.4 pips	2.9 pips	4.0 pips	2.4 pips
Axiory Standard Account	1.5 pips	1.3 pips	1.8 pips	1.7 pips	3.3 pips	1.9 pips

STP accounts and standard accounts generally have the disadvantage of wider spreads

On the other hand, many STP and standard accounts offer high maximum leverage and abundant bonus campaigns .

Therefore, it is well-suited for swing trading, where the impact of spread width is minimal, while also utilizing bonuses

Overseas forex bonuses can be used as trading capital, making them ideal for beginners who want to trade with minimal personal funds

Spread Comparison | ECN Accounts with Trading Fees

The following is a spread comparison table for ECN accounts that charge transaction fees

Company Name Account Type	USD/JPY	EURUSD	GBPUSD	AUDUSD	XAUUSD	Average value of major currency pairs
Exness Zero Go	0.45 pips （0.1+0.35）	0.45 pips （0.1+0.35）	0.65 pips （0.2+0.45）	0.6 pips (0.1 + 0.5)	0.8 pips （0+0.8）	0.5 pips
Axi Elite Account	0.675 pips （0.5+0.175）	0.575 pips （0.4+0.175）	0.875 pips （0.7+0.175）	0.475 pips (0.3 + 0.175)	1.35 pips （1.0+0.125）	0.7 pips
ThreeTrader Raw Zero Account	0.7 pips （0.5+0.2）	0.6 pips （0.4+0.2）	1.0 pips （0.8+0.2）	0.5 pips （0.3+0.2）	1.0 pips （1.0+0）	0.7 pips
BigBoss Pro Spread Account	0.95 pips （0.5+0.45）	1.05 pips （0.6+0.45）	1.55 pips （1.1+0.45）	1.25 pips (0.8 + 0.45)	3.6 pips （3.6+0）	1.2 pips
XMTrading Zero Account	1.0 pips （0.5+0.45）	0.9 pips （0.4+0.5）	1.9 pips （1.4+0.5）	1.5 pips （1.0+0.5）	2.8 pips （2.3+0.5）	1.3 pips
FXGT ECN account	1.0 pips （0.7+0.3）	0.9 pips （0.6+0.3）	1.2 pips （0.9+0.3）	1.2 pips （0.9+0.3）	2.85 pips （2.6+0.25）	1.1 pips
Milton Markets Elite Account	1.0 pips （0.8+0.2）	0.7 pips （0.5+0.2）	1.3 pips （1.1+0.2）	0.8 pips （0.6+0.2）	3.7 pips （3.5+0.2）	1.0 pips
HFM Zero Spread Account	1.1 pips （0.8+0.3）	0.7 pips （0.4+0.3）	0.9 pips （0.6+0.3）	0.6 pips （0.3+0.3）	2.4 pips （1.7+0.7）	0.8 pips
TitanFX Blade Account	1.15 pips （0.8+0.35）	0.95 pips （0.6+0.35）	1.35 pips （1.0+0.35）	0.75 pips （0.4+0.35）	2.63 pips （2.6+0.03）	1.1 pips
XS.com Elite Account	1.3 pips （1.0+0.3）	0.6 pips （0.3+0.3）	0.8 pips （0.5+0.3）	0.6 pips （0.3+0.3）	0.9 pips （0.6+0.3）	0.8 pips
Vantage Trading ECN Account	1.3 pips （1.0+0.3）	0.8 pips （0.5+0.3）	1.1 pips （0.8+0.3）	1.0 pips （0.7+0.3）	1.0 pips （0.7+0.3）	1.1 pips
MYFX Markets Pro Account	0.85 pips （0.5+0.35）	0.75 pips （0.4+0.35）	1.05 pips (0.7 + 0.35)	0.65 pips （0.3+0.35）	3.55 pips （3.2+0.35）	0.8 pips
Axiory Nano Spread Account	0.7 pips （0.4+0.3）	0.6 pips （0.3+0.3）	0.6 pips （0.3+0.3）	0.7 pips （0.4+0.3）	1.9 pips （1.5+0.3）	0.9 pips

Account types intended for advanced traders, which incur trading fees, offer significantly narrower spreads compared to STP accounts

The average spread for major currency pairs with high trading volume is generally less than 1 pip.

Furthermore, in recent years, more and more account types for advanced traders are also offering the option of high leverage

If you don't plan to use bonuses, the advanced account type offers a favorable trading environment for everything from scalping to swing trading

If you've used up all your bonuses and want to make a lot of money through trading, we recommend an advanced account type that offers favorable low spreads

Recommended ranking of overseas forex brokers specializing in low spreads

Here, the MoneyChager editorial team presents a ranking of recommended brokers specializing in low spreads, based on the average spreads of overseas forex brokers that we have researched

Please use this as a reference when looking for an overseas forex account that offers low spreads and favorable trading prices

Spread Comparison: Ranked #1 | Exness (Zero Account)

item	Content
Maximum leverage	Unlimited
Execution method	Market execution
Transaction fees	Maximum $3.50 per lot, one way
Scalping	Possible
Automated trading	Possible
Maximum lot	200 lots
Minimum lot size	0.01 lot
Trading platform	MT4, MT5, Exness App
Minimum deposit amount	$1,000 equivalent

Brand	Zero Account's effective average spread (daily average + trading fees)
USD/JPY	0.45 pips （0.1+0.35）
EURUSD	0.45 pips （0.1+0.35）
GBPUSD	0.65 pips （0.2+0.45）
AUDUSD	0.6 pips （0.1+0.5）
XAUUSD	0.8 pips （0+0.8）

For those prioritizing spreads, the number one recommended overseas forex broker "Exness" .

Exness offers a Zero Account with a fixed spread of 0 pips as a general rule

thisAlong with its exceptionally low spreads, Exness's strength lies in its unlimited leverageis

The excellent combination of high leverage and low spreads goes without saying, and if you can successfully set narrow stop-losses with scalping, you can make significant profits even with a small amount of capital of less than 100,000 yen.

Details about Exness, which offers trading with low spreads and unlimited leverage, can be found in Exness Reviews and Testimonials Summary

Spread Comparison: 2nd Place | Axi (Elite Account)

item	Content
Maximum leverage	1,000 times
Execution method	NDD ECN method
Transaction fees	$1.75 per lot, one way
Scalping	Possible
Automated trading	Possible
Maximum lot	200 lots
Minimum lot size	0.01 lot
Trading platform	MT4
Minimum deposit amount	Total of $25,000

Brand	Effective average spread for Elite accounts (daily average + trading fees)
USD/JPY	0.675 pips （0.5+0.175）
EURUSD	0.575 （0.4+0.175）
GBPUSD	0.875 pips （0.7+0.175）
AUDUSD	0.475 pips （0.3+0.175）
XAUUSD	1.35 pips （1.0+0.125）

overseas forex broker we recommend for its low spreads "Axi" .

Axi's Elite account, which offers the narrowest spreads, is ideal for those who want a highly flexible trading environment and comfortable scalping

Axi has very few restrictions on trading methods; the only restrictions are on trading that exploits delays and the abuse of swap-free tradingThere are no rules prohibiting scalping or high-frequency trading using automated systems

Furthermore, Axi employs leverage restrictions based on trading volume, allowing you to focus on trading without worrying about fluctuations in your account balance

Details about Axi, which offers an elite account with consistently low spreads, can be found in Axi Reviews and Testimonials Summary

Spread Comparison: 3rd Place | ThreeTrader (Raw Zero Account)

item	Content
Maximum leverage	1,000 times
Execution method	NDD ECN method
Transaction fees	$2 per lot, one way
Scalping	Possible
Automated trading	Possible
Maximum lot	80 lots
Minimum lot size	0.01 lot
Trading platform	MT4/MT5
Minimum deposit amount	$1,000 equivalent

Brand	Raw Zero account's effective average spread (daily average + trading fees)
USD/JPY	0.7 pips （0.5+0.2）
EURUSD	0.6 pips （0.4+0.2）
GBPUSD	1.0 pips （0.8+0.2）
AUDUSD	0.5 pips （0.3+0.2）
XAUUSD	1.0 pips （1.0+0）

Our third-ranked overseas forex broker, chosen for its focus on spreads, "ThreeTrader" .

ThreeTrader's Raw Zero account is popular among traders who prioritize low overall trading costs

We employ the NDD ECN method, which allows trading at the rates of our partner LPsTrading fees are also very low at $2 per lot, one wayThe rates are low (typically over $3), and with commissions included, you can trade USD/JPY from a minimum of 0.2 pips

If you're looking for an environment with extremely low trading costs, ThreeTrader's Raw Zero account is definitely the right choice

ThreeTrader is ideal for those who want to minimize trading costs. For more details, please see ThreeTrader Reviews and User Feedback Summary

Spread Comparison: 4th Place | HFM (Zero Account)

item	Content
Maximum leverage	2,000 times
Execution method	Market execution
Transaction fees	$3 per lot, one way
Scalping	Possible
Automated trading	Possible
Maximum lot	60 lots
Minimum lot size	0.01 lot
Trading platform	MT4, MT5, HFM App
Minimum deposit amount	–

Brand	Zero Account's effective average spread (daily average + trading fees)
USD/JPY	1.1 pips （0.8+0.3）
EURUSD	0.7 pips （0.4+0.3）
GBPUSD	0.9 pips （0.6+0.3）
AUDUSD	0.6 pips （0.3+0.3）
XAUUSD	2.4 pips （1.7+0.7）

fourth-ranked overseas forex broker, chosen for its focus on spreads, is "HFM (HFM Markets)".

HFM's Zero Account, which offers the narrowest spreads, allows trading of a wide range of instruments at low costs, such as AUDUSD with an average spread of 0.3 pips

In addition to the spread,One of HFM's strengths is that it also offers perpetual swap-free options for its major trading instrumentsis

For traders who prioritize spreads but are also all-around traders who can adapt their strategies to market conditions, from scalping to swing trading, HFM's Zero Account is highly recommended

Details about HFM, which allows you to trade AUDUSD with a low spread of 0.3 pips, are available in HFM Reviews and User Feedback Summary

Spread Comparison: 5th Place | XS.com (Elite Account)

item	Content
Maximum leverage	2,000 times
Execution method	NDD method
Transaction fees	$3 per lot, one way
Scalping	Possible
Automated trading	Possible
Maximum lot	100 lots
Minimum lot size	0.01 lot
Trading platform	MT4/MT5
Minimum deposit amount	$500 equivalent

Brand	Effective average spread for Elite accounts (daily average + trading fees)
USD/JPY	1.3 pips （1.0+0.3）
EURUSD	0.6 pips （0.3+0.3）
GBPUSD	0.8 pips （0.5+0.3）
AUDUSD	0.6 pips （0.3+0.3）
XAUUSD	0.9 pips （0.6+0.3）

Our fifth-ranked overseas forex broker, chosen for its focus on spreads, "XS.com" .

If you want to scalp with the largest lot sizes but have had frustrating experiences with trades not being executed, then XS.com's Elite account is perfect for you

XS.com is a retail broker operated by the XS Group, which has over 15 years of experience as a financial provider for securities firms and institutional investors

High levels of liquidity and infrastructure development,XS.com allows you to enter trades with lot sizes that other companies can't execute in one go, without any stresscan

XS.com is recommended for large-volume traders who want to trade securely in an environment with narrow spreads and favorable positions

Spread Comparison: Ranked 6th | MYFXMarkets (Pro Account)

item	Content
Maximum leverage	500 times
Execution method	NDD method
Transaction fees	$3.325 per lot, one way
Scalping	Possible
Automated trading	Possible
Maximum lot	100 lots
Minimum lot size	0.01 lot
Trading platform	MT4/MT5
Minimum deposit amount	$10 equivalent

Brand	Effective average spread for Pro accounts (daily average + trading fees)
USD/JPY	0.85 pips （0.5+0.35）
EURUSD	0.75 pips （0.4+0.35）
GBPUSD	1.05 pips （0.7+0.35）
AUDUSD	0.65 pips （0.3+0.35）
XAUUSD	3.55 pips （3.2+0.35）

Our sixth-ranked overseas forex broker, chosen for its focus on spreads, is "MYFXMarkets".

MYFXMarkets' Pro account, which offers the narrowest spreads, is suitable for those who are scalping with domestic FX and want to switch to overseas FX to trade with smaller amounts of capital.

MYFXMarkets' trading environment, which uses the same 1,000 currency units per lot as domestic FX, allows you to trade the same number of lots with less capital, with leverage up to 500 times

Furthermore, the Pro account is a low-spread-focused account type that can be used with a minimum deposit of $10

Therefore, MYFXMarkets' Pro account allows you to scalp with a small amount of capital and low spreads, in a low-cost environment

Spread Comparison #7 | AXIORY (Nano Spread Account)

item	Content
Maximum leverage	1,000 times
Execution method	NDD ECN method
Transaction fees	$3 per lot, one way
Scalping	Possible
Automated trading	Possible
Maximum lot	1,000 lots
Minimum lot size	0.01 lot
Trading platform	MT4 / cTrader
Minimum deposit amount	–

Brand	Effective average spread for Nano Spread accounts (daily average + trading fees)
USD/JPY	0.7 pips （0.4+0.3
EURUSD	0.6 pips （0.3+0.3）
GBPUSD	0.6 pips （0.3+0.3）
AUDUSD	0.7 pips （0.4+0.3）
XAUUSD	1.9 pips （1.5+0.3）

Our 7th recommended overseas forex broker, based on its focus on spreads, is "AXIORY".

AXIORY's Nano Spread account is highly regarded by many traders for its execution capabilities, which can handle large-volume trades, and its low spreads

The trading commission of $3 per lot (one way) is slightly higher than that of other companies that rank highly in spread comparisons, but the spreads are narrow enough to compensate for that difference

Furthermore, it supports simultaneous orders of up to 1,000 lots, making it suitable for scalping with large lot sizes .

For more details about AXIORY, which offers low spreads of less than 1 pip on average for major currency pairs and allows large-volume trading of up to 1,000 lots, please see AXIORY Reviews and Testimonials Summary

Spread Comparison: Rank 8 | TitanFX (Blade Account)

item	Content
Maximum leverage	500 times
Execution method	NDD ECN method
Transaction fees	$3.50 per lot, one way
Scalping	Possible
Automated trading	Possible
Maximum lot	100 lots
Minimum lot size	0.01 lot
Trading platform	MT4/MT5
Minimum deposit amount	–

Brand	Effective average spread for Blade accounts (daily average + trading fees)
USD/JPY	1.15 pips （0.8+0.35）
EURUSD	0.95 pips （0.6+0.35）
GBPUSD	1.35 pips （1.0+0.35）
AUDUSD	0.75 pips （0.4+0.35）
XAUUSD	2.63 pips （2.6+0.03）

Our eighth-ranked overseas forex broker, chosen for its focus on spreads, "TitanFX" .

TitanFX's top-tier account type, the Blade account, is designed for experienced traders, offering a perfect combination of low spreads, low latency, and high execution speed

Blade accounts, which utilize the NDD ECN method, allow you to trade not only currency pairs but also a wide range of CFD instruments directly at rates quoted by TitanFX's partner lenders.

Furthermore, thanks to our unique zero-point technology, we have established a robust communication infrastructure, which means we rarely experience the delay-related problems that occur with other companies

For those who trade not only currency pairs but also CFDs such as stock indices and precious metals, TitanFX's Blade account, where all tradable instruments are executed using the ECN method, is recommended. For details, please see TitanFX Reviews and Testimonials Summary

Spread Comparison: 9th Place | FXGT (ECN Account)

item	Content
Maximum leverage	1,000 times
Execution method	NDD method
Transaction fees	$3 per lot, one way
Scalping	Possible
Automated trading	Possible
Maximum lot	200 lots
Minimum lot size	0.01 lot
Trading platform	MT4/MT5
Minimum deposit amount	$100 equivalent

Brand	Effective average spread for ECN accounts (daily average + trading fees)
USD/JPY	1.0 pips （0.7+0.3）
EURUSD	0.9 pips （0.6+0.3）
GBPUSD	1.2 pips （0.9+0.3）
AUDUSD	1.2 pips （0.9+0.3）
XAUUSD	2.85 pips （2.6+0.25）

recommended overseas forex broker that prioritizes spreads "FXGT" .

FXGT, well-known for its cryptocurrency CFD trading, offers an ECN account specializing in low spreads

Although the spreads are wider compared to top-ranked overseas forex brokers,The narrow spreads and high leverage offered by our cryptocurrency CFDs are unique strengths not found in other companiesis

For example, major cryptocurrency CFDs such as Bitcoin and Ethereum can be traded with leverage up to 1,000 times

Only FXGT's ECN account allows you to trade cryptocurrencies with low spreads and high leverage while taking advantage of Bitcoin's volatility

For information on FXGT, where you can trade cryptocurrency CFDs with low spreads and high leverage, please see FXGT Reviews and User Feedback Summary

Spread Comparison: 10th Place | Vantage Trading (ECN Account)

item	Content
Maximum leverage	1,000 times
Execution method	NDD ECN method
Transaction fees	$3 per lot, one way
Scalping	Possible
Automated trading	Possible
Maximum lot	200 lots
Minimum lot size	0.01 lot
Trading platform	MT4/MT5
Minimum deposit amount	$50 equivalent

Brand	Effective average spread for ECN accounts (daily average + trading fees)
USD/JPY	1.3 pips （1.0+0.3）
EURUSD	0.8 pips （0.5+0.3）
GBPUSD	1.1 pips （0.8+0.3）
AUDUSD	1.0 pips （0.7+0.3）
XAUUSD	1.0 pips （0.7+0.3）

10th recommended overseas forex broker, prioritizing spreads, is "Vantage Trading".

Vantage Trading's ECN account is suitable for trading gold due to its low spreads and bonuses

ECN accounts have an average spread of 1 pip, including trading fees. Furthermore,Vantage Trading's bonus campaigns generally apply to ECN accounts as wellIt has the following characteristics

Even with account types that specialize in low spreads and are generally not eligible for bonuses, it's possible to trade with advantageous capital while utilizing bonuses

Vantage Trading offers ECN accounts that combine low spreads and bonuses. For more details, please see Vantage Trading Reviews and Testimonials Summary

Ranking of the narrowest spreads in overseas forex trading | By currency pair and tradable instrument

We have compiled a ranking of the narrowest spreads for each currency pair on overseas forex brokers, in the following order

Even for the same currency pair or tradable instrument, the overseas forex broker offering the narrowest spread can vary. Use this information to help you find a broker that offers the most favorable rates for the instruments you're trading

USD/JPY (US Dollar/Japanese Yen) Narrowest Spread Ranking

The ranking of the narrowest spreads for USD/JPY (US dollar/Japanese yen) is as follows:

[USDJPY] Beginner-friendly account type with no trading fees

Ranking	Average spread for USD/JPY
Ranked #1: ThreeTrader Pure Spread Account	0.9 pips
2nd Place: Exness Standard Account	1.2 pips
3rd Place: Axi Standard Account	1.3 pips
4th Place: MYFX Markets Standard Account	1.5 pips
5th Place: BigBoss Standard Account	1.6 pips
6th Place: Milton Markets Smart Account	1.6 pips
7th Place: TitanFX Standard Account	1.8 pips
8th Place: XS.com Standard Account	2.0 pips
9th place: easyMarkets MT5 account	2.2 pips
10th Place: FXGT Standard+ Account	2.4 pips
11th Place: XMTrading Standard Account	2.7 pips
12th place: HFM Premium Account	2.8 pips
13th Place: Vantage Trading Standard Account	3.0 pips

[USDJPY] Advanced-level account type with transaction fees

Ranking	USD/JPY (Average spread + trading fees)
Ranked #1: Exness Zero Account	0.45 pips （0.1+0.35）
2nd Place: Axi Elite Account	0.675 pips （0.5+0.175）
3rd Place: ThreeTrader Raw Zero Account	0.7 pips （0.5+0.2）
4th Place: MYFX Markets Pro Account	0.85 pips （0.5+0.35）
5th Place: BigBoss Pro Spread Account	0.95 pips （0.5+0.45）
6th Place: XMTrading Zero Account	1.0 pips （0.5+0.45）
7th Place: FXGT ECN Account	1.0 pips （0.7+0.3）
8th Place: Milton Markets Elite Account	1.0 pips （0.8+0.2）
9th Place: HFM Zero Spread Account	1.1 pips （0.8+0.3）
10th Place: TitanFX Blade Account	1.15 pips （0.8+0.35）
11th Place: XS.com Elite Account	1.3 pips （1.0+0.3）
12th Place: Vantage Trading ECN Account	1.3 pips （1.0+0.3）

The beginner-friendly account type with the narrowest spread for USD/JPY was "ThreeTrader's Pure Spread Account"

ThreeTrader's Pure Spread account is the only beginner-friendly account type that boasts an average spread of less than 1 pip, recording a spread of 0.9 pips.

On the other hand, among the advanced account types, the one with the narrowest spread for USD/JPY was "Exness's Zero Account."

Exness Zero Account isAn extremely narrow spread of 0.45 pips on average, including trading feesThis is being recorded

EURUSD (Euro-Dollar) Narrowest Spread Ranking

The ranking of the narrowest spreads for EURUSD (Euro-Dollar) is as follows:

[EURUSD] Beginner-friendly account type with no trading fees

Ranking	Average spread for EURUSD
Ranked #1: ThreeTrader Pure Spread Account	0.8 pips
2nd place: easyMarkets MT5 account	1.0 pips
Third place: Exopen Standard Account	1.1 pips
4th Place: Axi Standard Account	1.1 pips
5th Place: MYFX Markets Standard Account	1.3 pips
6th Place: Milton Markets Smart Account	1.3 pips
7th Place: XS.com Standard Account	1.3 pips
8th Place: BigBoss Standard Account	1.6 pips
9th Place: TitanFX Standard Account	1.6 pips
10th Place: FXGT Standard+ Account	2.0 pips
11th Place: XMTrading Standard Account	2.2 pips
12th place: HFM Premium Account	2.2 pips
13th Place: Vantage Trading Standard Account	2.6 pips

[EURUSD] Advanced account type with transaction fees

Ranking	EURUSD (Average spread + trading fees)
Ranked #1: Exness Zero Account	0.45 pips （0.1+0.35）
2nd Place: Axi Elite Account	0.575 pips （0.4+0.175）
3rd Place: ThreeTrader Raw Zero Account	0.6 pips （0.4+0.2）
4th Place: XS.com Elite Account	0.6 pips （0.3+0.3）
5th Place: Milton Markets Elite Account	0.7 pips （0.5+0.2）
6th Place: HFM Zero Spread Account	0.7 pips （0.4+0.3）
7th Place: MYFX Markets Pro Account	0.75 pips （0.4+0.35）
8th Place: Vantage Trading ECN Account	0.8 pips （0.5+0.3）
9th Place: XMTrading Zero Account	0.9 pips （0.4+0.5）
10th Place: FXGT ECN Account	0.9 pips （0.6+0.3）
11th Place: TitanFX Blade Account	0.95 pips （0.6+0.35）
12th Place: BigBoss Pro Spread Account	1.05 pips （0.6+0.45）

The beginner-friendly account type with the narrowest spread for EUR/USD was "ThreeTrader's Pure Spread Account"

Similar to the USD/JPY pair, ThreeTrader's Pure Spread account is the only beginner-friendly account type that an average spread of less than 1 pip recording a spread of 0.8 pips.

On the other hand, among the advanced account types, the one with the narrowest spread for EUR/USD was "Exness's Zero Account."

Exness Zero Account isAverage spread including trading fees: 0.45 pipsAnd, like the dollar-yen pair, it offers a low spread

GBPUSD (British Pound/Dollar) Narrowest Spread Ranking

The ranking of the narrowest spreads for GBPUSD (pound-dollar) is as follows:

[GBPUSD] Beginner-friendly account type with no trading fees

Ranking	Average spread for GBPUSD
Rank 1: Exness Standard Account	1.3 pips
2nd Place: ThreeTrader Pure Spread Account	1.3 pips
3rd Place: XS.com Standard Account	1.5 pips
4th Place: MYFX Markets Standard Account	1.7 pips
5th Place: BigBoss Standard Account	1.9 pips
6th Place: Milton Markets Smart Account	1.9 pips
7th place: easyMarkets MT5 account	2.0 pips
8th Place: TitanFX Standard Account	2.0 pips
9th Place: Axi Standard Account	2.1 pips
10th Place: FXGT Standard+ Account	2.4 pips
11th Place: HFM Premium Account	2.7 pips
12th Place: XMTrading Standard Account	2.9 pips
13th Place: Vantage Trading Standard Account	3.1 pips

[GBPUSD] Advanced account type with transaction fees

Ranking	GBPUSD (Average spread + trading fees)
Ranked #1: Exness Zero Account	0.65 pips （0.2+0.45）
2nd Place: XS.com Elite Account	0.8 pips （0.5+0.3）
3rd Place: Axi Elite Account	0.875 pips （0.7+0.175）
4th Place: HFM Zero Spread Account	0.9 pips （0.6+0.3）
5th Place: ThreeTrader Raw Zero Account	1.0 pips （0.8+0.2）
6th Place: MYFX Markets Pro Account	1.05 pips （0.7+0.35）
7th Place: Vantage Trading ECN Account	1.1 pips （0.8+0.3）
8th Place: FXGT ECN Account	1.2 pips （0.9+0.3）
9th Place: Milton Markets Elite Account	1.3 pips （1.1+0.2）
10th Place: TitanFX Blade Account	1.35 pips （1.0+0.35）
11th Place: BigBoss Pro Spread Account	1.55 pips （1.1+0.45）
12th Place: XMTrading Zero Account	1.9 pips （1.4+0.5）

The beginner-friendly account type with the narrowest spread for GBP/USD was "Exness's Standard Account."

ThreeTrader's Pure Spread account also records an average of 1.3 pips, at the same level as Exness's Standard account, but it ranks second because Exness has an advantage in terms of leverage, offering unlimited leverage

On the other hand, among the advanced account types, the one with the narrowest spread for GBP/USD was "Exness's Zero Account."

Exness is an overseas forex broker that offers the most favorable trading conditions for the GBP/USD pair, regardless of whether you choose a beginner-friendly or advanced account type

AUDUSD (Australian Dollar/US Dollar) Narrowest Spread Ranking

The narrowest spread rankings for AUDUSD (Australian Dollar/US Dollar) are as follows:

[AUDUSD] Beginner-friendly account type with no trading fees

Ranking	Average spread for AUDUSD
FXGT Standard+ Account	0.8 pips
2nd Place: Exness Standard Account	1.1 pips
3rd Place: Axi Standard Account	1.1 pips
4th Place: MYFX Markets Standard Account	1.3 pips
5th Place: XS.com Standard Account	1.3 pips
6th Place: Milton Markets Smart Account	1.4 pips
7th Place: TitanFX Standard Account	1.4 pips
8th Place: BigBoss Standard Account	1.7 pips
9th place: easyMarkets MT5 account	2.2 pips
10th Place: HFM Premium Account	2.2 pips
11th Place: XMTrading Standard Account	2.6 pips
12th Place: Vantage Trading Standard Account	2.9 pips
13th Place: FXGT Standard+ Account	2.9 pips

[AUDUSD] Advanced-level account type with transaction fees

Ranking	AUDUSD (Average spread + trading fees)
Ranked #1: Axi Elite Account	0.475 pips （0.3+0.175）
2nd Place: ThreeTrader Raw Zero Account	0.5 pips （0.3+0.2）
Third place: Exness Zero Account	0.6 pips （0.1+0.5）
4th Place: HFM Zero Spread Account	0.6 pips （0.3+0.3）
4th Place: XS.com Elite Account	0.6 pips （0.3+0.3）
5th Place: MYFX Markets Pro Account	0.65 pips （0.3+0.35）
6th Place: TitanFX Blade Account	0.75 pips （0.4+0.35）
7th Place: Milton Markets Elite Account	0.8 pips （0.6+0.2）
8th Place: Vantage Trading ECN Account	1.0 pips （0.7+0.3）
9th Place: FXGT ECN Account	1.2 pips （0.9+0.3）
10th Place: BigBoss Pro Spread Account	1.25 pips （0.8+0.45）
11th Place: XMTrading Zero Account	1.5 pips （1.0+0.5）

The beginner-friendly account type with the narrowest spread for AUD/USD was "ThreeTrader's Pure Spread Account"

ThreeTrader's Pure Spread account is that averages less than 1 pip for AUD/USD

On the other hand, among the advanced account types, the one with the narrowest spread for AUD/USD was "Axi's Elite Account."

Although the difference is slight, its narrower spread has allowed it to beat ThreeTrader's Raw Zero account and secure the top spot

XAUUSD (Gold) Narrowest Spread Ranking

The ranking of the narrowest spreads for XAUUSD (Gold) is as follows:

【XAUUSD】 Beginner-friendly account type with no trading fees

Ranking	Average spread for XAUUSD
Ranked #1: ThreeTrader Pure Spread Account	1.5 pips
2nd Place: Exness Standard Account	1.6 pips
3rd Place: Axi Standard Account	1.8 pips
4th Place: XS.com Standard Account	1.8 pips
5th Place: TitanFX Standard Account	2.7 pips
6th Place: HFM Premium Account	3.2 pips
7th Place: Vantage Trading Standard Account	3.4 pips
8th Place: BigBoss Standard Account	3.6 pips
9th Place: FXGT Standard+ Account	4.0 pips
10th Place: XMTrading Standard Account	4.1 pips
11th Place: MYFX Markets Standard Account	4.2 pips
12th place: easyMarkets MT5 account	4.3 pips
13th Place: Milton Markets Smart Account	4.3 pips

【XAUUSD】Advanced account type with transaction fees

Ranking	XAUUSD (Average spread + trading fees)
Ranked #1: Exness Zero Account	0.8 pips （0+0.8）
2nd Place: XS.com Elite Account	0.9 pips （0.6+0.3）
3rd Place: ThreeTrader Raw Zero Account	1.0 pips （1.0+0）
4th Place: Axi Elite Account	1.0 pips （0.7+0.3）
5th Place: Axi Elite Account	1.35 pips （1.0+0.125）
6th Place: HFM Zero Spread Account	2.4 pips （1.7+0.7）
7th Place: TitanFX Blade Account	2.63 pips （2.6+0.03）
8th Place: XMTrading Zero Account	2.8 pips （2.3+0.5）
9th Place: FXGT ECN Account	2.85 pips （2.6+0.25）
10th Place: MYFX Markets Pro Account	3.55 pips （3.2+0.35）
11th Place: BigBoss Pro Spread Account	3.6 pips （3.6+0）
12th Place: Milton Markets Elite Account	3.7 pips （3.5+0.2）

The beginner-friendly account type with the narrowest spread for gold was "ThreeTrader's Pure Spread Account"

ThreeTrader's Pure Spread account allows you to trade gold with an average spread of 1.5 pips

The difference between this account and the second-place Exness Zero account was only 0.1 pips. On the other hand, among the account types for advanced traders, the narrowest spread for gold was found to be the "Exness Zero account."

maintains a stable spread of 0 pips ( excluding trading fees) as measured in this spread test making it possible to trade gold at extremely low costs.

If you want to trade gold favorably with overseas forex brokers, check out Which overseas forex brokers are recommended for trading gold?

Points to note when choosing an overseas forex broker based on spreads

Here, we will explain six points to keep in mind when choosing an overseas forex broker based on spreads

When choosing an overseas forex broker based on spreads, be sure to check the factors that should be considered to minimize actual trading costs, as well as the unique features of overseas forex brokers

Even "zero spread" or "no spread" options incur trading costs

Some overseas forex brokers offer account types with a fixed spread of 0 pips, meaning no spread at all

However, FX brokers cannot operate in a healthy manner unless they secure other sources of revenue without relying on spreads

Therefore, account types without spreads have a corresponding trading fee

Unlike spreads, transaction fees do not fluctuate, so a spread-free account type is recommended for those who want to fix their transaction costs

Domestic FX also sometimes has wide effective spreads

Domestic FX generally has narrower spreads compared to overseas FX

However, even with domestic FX, the effective spread can sometimes be wider

This is because the spreads published by each domestic FX broker are, in principle, fixed spreads

The fixed spread is,The spread may expand in accordance with market fluctuations, and the difference between the order price and the execution price (slippage) will occur, similar to a variable spread

Therefore, it is important to note that the actual spread may be wider due to frequent expansion and slippage

NDD method = not directly connected to the market

Many media outlets and social media accounts spread the false information that all overseas forex brokers using the NDD (No Dealing Desk) system are directly connected to the interbank market

The NDD (Non-Dealing Desk) system is a mechanism that processes customer orders through a dealing system

Therefore, even with the NDD (Non-Dealing Desk) method, some companies may still use over-the-counter (OTC) transactions where they themselves are the trading partner

For example, XMTrading employs OTC trading, where customer orders are settled in-house via a dealing system, and cover trades are conducted as needed

For overseas forex brokers that use the NDD (No Dealing Desk) method, please see List of Overseas Forex Brokers Using the NDD Method

It's meaningless if the execution power isn't high

I do not recommend choosing an overseas forex broker solely based on narrow spreads in search of a trading environment that is advantageous for scalping

because,If you choose a broker with poor execution capabilities, even if the spread is narrow, you won't actually be able to take a position at a favorable priceThat's because

For example, even if the displayed real-time spread is 0.2 pips, a delay may occur when placing an order, resulting in the actual position being executed at a price 1 pip less favorable

Therefore, if you're choosing an overseas forex broker based on spreads, you should check their execution speed through reviews and their official website

If you're looking for an overseas forex broker that offers not only low spreads but also excellent execution speed, please see Comparison Summary of Overseas Forex Brokers with High Execution Speed

Check the leverage limit rules

If you're choosing an overseas forex broker based on spreads, it's a good idea to also check their leverage restriction rules

Scalping, which pairs well with low-spread accounts, combined with the high leverage offered by overseas forex brokers, makes it easier to aim for large profits while keeping risks low .

However, using high leverage ratios requires controlling your capital and lot size to stay within the limits of leverage restrictions

For example, in an account where the maximum leverage is limited to a minimum balance of 1 million yen, you can take advantage of high leverage by adjusting your account balance to less than 1 million yen

Bonus campaigns are not applicable

If you prioritize spreads when trading overseas forex, you'll have to give up on taking advantage of bonus campaigns

This is because account types designed for advanced traders that specialize in low spreads are generally not eligible for bonus campaigns .

If you plan to use a bonus, be sure to use the eligible beginner-friendly account type

Additionally, as an exception, some ECN accounts specializing in low spreads, such as those offered by VantageTrading, may also offer bonuses, so it's important to check each company's bonus terms and conditions

The latest overseas forex bonus information is updated regularly on the Overseas Forex Latest Bonus Campaign Ranking

When the spread widens

For both domestic and international FX brokers, there are times when the spread widens, as described below

During these time periods, the spreads offered by FX brokers tend to widen to coincide with moments when market price movements are likely to be large in an instant. For example, large trades tend to occur at the opening of the London market (around 4pm to 5pm) and the New York market (9pm to 10pm), when trading volume is high, and spreads tend to widen

information on profitable trading times and the characteristics of overseas forex trading hours, please see A Thorough Explanation of Overseas Forex Trading Hours

Overseas forex trading is best used in conjunction with cashback offers

with overseas forex brokers, recommended to use cashback sites in conjunction with them .

The cashback site MONEY CHARGER (commonly known as MoneyCharger) allows you to earn cashback with every trade, minimizing the costs associated with spreads from overseas forex brokers.

For example, if you trade USD/JPY with Exness's Zero account, which has the narrowest spread in this article, you will receive a cashback of $2 for every lot you trade

By using MoneyChat, you can trade with a spread of effectively 0.25 pips, down from the usual 0.45 pips .

Unlike spreads, cashback is a welcome feature because you receive it reliably as profit every time you trade

If you're using overseas forex brokers, take advantage of cashback offers to reduce your trading costs

What is cashback on overseas forex trading? A complete guide to choosing a cashback site, its drawbacks, taxes, and more

Frequently Asked Questions about Spreads in Overseas Forex Trading

Which overseas forex broker has the narrowest spreads?

Our spread survey revealed that Exness's Zero Account offers the narrowest spreads. Exness's Zero Account has a minimum spread of 0 pips, and even including trading fees, its effective spreads are narrower than those of other companies

Which overseas forex broker offers the narrowest spread for gold?

The account with the narrowest spread for gold in overseas forex trading is "Exness's Zero Account." In our spread survey, Exness's Zero Account recorded an average spread of 0 pips, and 0.8 pips including trading fees

Which broker is recommended for trading gold (XAUUSD) in overseas forex? We'll compare trading conditions such as winning strategies and spreads

Are the spreads wide for overseas forex brokers?

Overseas forex brokers generally tend to have wider spreads compared to domestic forex brokers. The difference in spreads between overseas and domestic forex brokers is mainly due to differences in the order processing methods and services offered. However, some overseas forex brokers offer accounts with low spreads, and spreads can also widen at domestic forex brokers

Why are spreads in overseas forex brokers often variable?

In overseas forex trading, variable spreads are often used because they offer advantages such as maintaining execution speed depending on market liquidity. Spreads, like market rates, also fluctuate. In fact, a completely fixed spread is not the ideal arrangement

Which has narrower spreads, domestic or overseas forex trading?

Generally speaking, domestic FX brokers tend to have narrower spreads. However, some overseas FX brokers offer completely fixed spreads of 0 pips, so it's not possible to say definitively which has narrower spreads overall

What are the differences between overseas and domestic forex trading? We'll explain who each is suitable for, as well as tax implications and profit/loss offsetting

Are there any overseas forex brokers that offer zero spread trading?

Yes, it is sometimes possible to trade with zero spread with overseas forex brokers. For example, this applies to the NDD ECN method, where orders are directly matched with the liquidity provider (LP) that the forex broker partners with. With the NDD ECN method, there is no spread added by the forex broker, so the minimum spread is 0 pips

How can I check the spreads of overseas forex brokers in real time?

You can check the spreads for overseas forex trading in real time from the trading platform

Follow the steps below to check the real-time spread from the quote list

This procedure will display the real-time spread in the quote list

Do overseas forex spreads change depending on the time of day?

Yes, it does change. Spreads fluctuate according to market liquidity, so they may temporarily widen, especially in the early morning or when economic indicators are released. During the time when the London and New York markets, which have high liquidity, overlap, spreads tend to be relatively narrow and stable

Does a narrower spread mean higher execution speed?

A narrow spread doesn't necessarily mean high execution speed. While a narrow spread indicates a cost advantage, execution speed depends on server performance, trading methods, and the quality of the landing page. It's important to check execution speed and slippage in addition to the spread

Which is better for beginners: an account with a narrow spread or one with a wide spread?

For beginners, a "Standard Account," which has slightly wider spreads but no trading fees, is easier to use. ECN accounts have narrower spreads but charge fees, which can be misleading if you're not familiar with cost calculations

Summary of spreads in overseas forex trading

In overseas forex trading, spreads vary significantly depending on the broker and account type, which also affects the actual trading costs

Especially in scalping and day trading, a narrow spread directly impacts profits, so choosing the right broker is crucial

This article compares the spreads of various companies and also introduces recommended accounts that allow you to trade at a low cost

Choose an account that suits your trading style and capital, and aim for efficient trading while keeping costs down

Top Recommended Overseas FX Brokers Ranking | Thoroughly Introducing the Best Trading Environments by Category