How to avoid spread in forex

@dipuo_kefilwe - 10 months ago - Forex Education

Is there anyway I can avoid paying spread when I trade forex? What do I need to do or which broker do I need to trade with? I mean why cant the brokers just share the profits I make and not charge any spread?

@arthur_wildberry - 10 months ago

You cannot totally avoid spread but you can minimize the spread you pay by trading actively and receiving rebates on spread. Check if your broker offers rebates on active trading but I know brokers like CMC Markets & FXCM offer 25% and 62% rebates on spread respectively.

Another way to pay lesser spread is to trade during peak periods meaning trade when sessions overlap. For example when the NY & LON sessions overlap it is a peak period and you can get lower spread.

To get lower spread you can also opt to open a Raw Spread Account but this is not fool-proof because with Raw Spread Accounts, you pay a flat commission per trade in exchange for receiving lower spreads.

@chaka_muanzi - 1 month ago

Avoid paying high spreads by opting for the trading account type that charges you a flat commission per trade. Also avoid paying high spreads by trading only major fx pairs like EUR/USD.

Another way to avoid paying high spread is to trade during the day (instead of night) and avoid trading during high impact news releases 9such as nonfarm payroll news, cpi news etc)

I trade with Tickmill raw account and spread on major fx pairs is near-zero but I am charged a flat commission per trade.