One of the main points that you like to compare when you choose your Forex broker is the “Trading Cost”.

“Hercules Finance” has opened all trading accounts of over 50 different Forex brokers, and have monitored the real-time spread.

You may be surprised to see, but here is the ranking of “the lowest trading cost brokers”.

Ranking	Forex Brokers	Spread (the extra commissions)	Minimum Cost per 1 lot
①	FXOpen	0.1 – 0.6 pip (from $3 per 1 lot)	About 4 USD
②	HotForex	0.1 – 0.3 pip ($6 per 1 lot)	About 7 USD
③	FXPro	0.7 – 1.1 pip (No Commission)	About 7 USD
④	LQDFX	0.2 – 0.5 pip ($5 per 1 lot)	About 7 USD
⑤	EightCap	0.0 – 0.2 pip ($7 per 1 lot)	About 7 USD
⑥	FBS	0.8 – 1 pip (No Commission)	About 8 USD
⑦	TitanFX	0.1 – 0.2 pip ($7 per 1 lot)	About 8 USD
⑧	LMFX	0.0 – 0.1 pip ($8 per 1 lot)	About 8 USD
⑨	Atiora	0.1 – 0.3 pip ($8 per 1 lot)	About 9 USD
⑩	XM	0.0 – 0.1 pip ($10 per 1 lot)	About 10 USD
⑪	Tradeview	0.0 – 0.2 ($10 per 1 lot)	About 10 USD

*The spread shown above are the minimum spread we have captured, but not the spread promoted by each Forex broker.

*The spread and trading cost are different for each account types. Some trading accounts above may require large amount of deposit to open.

The “spread” column shows the spread we could see in real time. For your information, here are the real-time spreads captured by us. (for the top 3 Forex brokers)

FXOpen

HotForex

FXPro

You may have already noticed though, there may be no Forex broker with 0.0 spread and no commissions as it is the condition generally promoted by many Forex brokers on the web.

Trading costs are very hard to compare by just browsing internet and reviewing the website of each Forex broker.

Although the above table shows the ranking of Forex brokers, it is still just the ranking of “Trading Cost” only. Youmight find your best one by considering many other factors of their services.