CFD Forex Spreads Compared

Broker Regulator EUR/USD GBP/USD USD/CHF GBP/JPY Total Pips Rating
eToro CySec 3 Pips 3 Pips 6 Pips 6 Pips 18 Pips 3
Plus500 FSA 2 Pips 4 Pips 5 Pips 9 Pips 20 Pips 2
HotForex FSC 5 Pips 5 Pips 8 Pips 2 Pips 20 Pips 1
GFT FSA 0.8 Pips 0.8 Pips 0.8 Pips 2 Pips 4.4 Pips 5
IG Markets FSA 1.5 Pips 2.25 Pips 3 Pips 3.5 Pips 10.25 Pips 4
CMC FSA 0.7 Pips 0.9 Pips 1.5 Pips 2.5 Pips 5.6 Pips 4
ETX FSA 1.5 Pips 2 Pips 2.5 Pips 3.9 Pips 9.9 Pips 4
LiteForex None 3 Pips 3 Pips 3 Pips 7 Pips 16 Pips 0
EasyForex CySec 4 Pips 5 Pips 4 Pips 13 Pips 26 Pips 1
Instaforex None 3 Pips 3 Pips 3 Pips 7 Pips 16 Pips 0
Markets.com CySec 2.2 Pips 2.8 Pips 2.9 Pips 5.3 Pips 13.2 Pips 3
Capital Spreads FSA 1 Pip 2 Pips 2 Pips 3 Pips 8 Pips 4
As you can see I decided to investigate spreads at number different brokers. Generally FSA regulated brokers offered the lowest spreads with the exception being Plus500. The non regulated Russian brokers featured did surprisingly well, however they claw back a lot of their money through stringent no scalping rules etc. And cannot really be trusted due to lack of overall regulation. GFT and CMC Markets had the tightest spreads by some considerable distance and this is to be expected as both are large reputable companies with direct market access.  

The more shocking results are to see widely used eToro and Plus500 towards the bottom of the list when it comes to spreads on offer. I would have also expected IG Markets to have offered better value than they do. This really empathizes the importance of shopping around for the best spreads on offer as you can see the gulf difference between the spreads on offer at GFT and worst performing EasyForex. 
Pos. Broker Total Spread Service Rating Our Review
1 GFT 4.4 5 Click Here
2 CMC 5.6 4 Click Here
3 Capital Spreads 8 4 Click Here
4 ETX 9.9 4 Click Here
5 IG Markets 10.25 4 N/A
6 Markets.com 13.2 3 N/A
7 LiteForex 16 0 N/A
8 Instaforex 16 0 Click Here
9 eToro 18 3 Click Here
10 Plus500 20 2 Click Here
11 HotForex 20 1 Click Here
12 EasyForex 26 2 Click Here

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