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Comparing the Spreads of Different Forex Brokers

We periodically survey the Web pages of various forex brokers. If they provide information on their spreads, we include them here. We do not verify the accuracy of the information they provide. Many of these brokers post only their "special" rates for which they impose deposit, lot size, trade volume, regional or other requirements as a condition of receiving the advertised spread. Most forex brokers also specify that their listed spreads only apply during normal market conditions.

Blank entries in the table below indicate that the currency pair does not appear to be traded on the brokers' platform. Question marks indicate that the broker does not provide any spread information for the currency pair on their site. The following table shows the survey results as of the date noted below.

Forex
Broker
OANDA FXCM Saxo CMC MG Forex GCI FXSOL GFT forex.com Gain CMS iFX ACM Xpress Trade Interbank FX
AUD/USD 2 4 3 2 5 4 4 4 4 ? 5 ? 3 4 5
EUR/CHF 2 2 3 3 ? 5 5 4 5 ? 5 ? 3 7 4
EUR/GBP 1.5 2 3 2 5 4 5 3 3 ? 5 ? 3 3 4
EUR/JPY 2.3 4 3.5 3 5 4 4 4 ? ? 4 ? 3 4 ?
EUR/USD 1.2 3 2 2 3 3 3 2 3 ? 3 2 3 3 2
GBP/USD 2.8 4 4 3 5 4 5 3 5 ? 4 ? 3 5 4
USD/CAD 4 4 5 4 5 4 5 5 5 ? 5 ? 4 5 5
USD/CHF 3 4 3 2 5 4 4 4 5 ? 5 ? 3 5 4
USD/JPY 1.8 3 3 2 4 3 3 3 4 ? 3 2 3 4 3
AUD/JPY 4 5 6 4 7 5 7 5 ? ? 8   7 8  
AUD/NZD 9 11 13 12     12 15           13 ?
CAD/JPY 5 6 6       9 7     6     10  
CHF/JPY 3 4 4 4   5 8 5 ? ? 8     9  
EUR/AUD 7 8 10 10   10 12 10 ? ? 14     15 ?
EUR/CAD 6 6 12 8   10 9 8     10     10 ?
EUR/CZK 200   30         50              
EUR/DKK 3   5                        
EUR/HUF 25   30         100              
EUR/NOK 25   30     40   50         35    
EUR/PLN 30   35         100         30    
EUR/SEK 20   30     40   100              
EUR/TRY 20
30








30

GBP/CHF 6 6 7 8   12 12 8 ? ? 10   7 15  
GBP/JPY 6 7 7 8 8 8 9 9 ? ? 8   9 9  
NZD/USD 4 5 5 5   5 4 5 ? ? 5   4 4  
USD/CNY 40
?
USD/DKK 20   25         ?              
USD/HKD 5 ? 5         25         7 10  
USD/INR 3
5
USD/MXN 50   55     50   250         50    
USD/NOK 25   30     40   50         40    
USD/PLN 35   35         ?         40    
USD/SAR 4   5                        
USD/SGD 5 ? 6         ?         6 22  
USD/THB 50             ?              
USD/TRY 15
20 20
USD/TWD 400
USD/ZAR 60   100     100   ?         170    
Spread data from April 5, 2007