Last: Broker with the lowest spread, this platform is perfect for you.
Choosing a forex platform with low spreads for trading can be a challenge, especially if you are new to the world of trading.
For a beginner trader, it is not easy to find the right trading platform that offers fair and transparent prices. However, this first step is very important.
Why?
Because this step will help you enter the currency trading market with a steady step while keeping your investment value, making accurate transactions, and responding to your concerns effectively.
Spread in Trading
Do you already know the meaning of spread? Check out the brief information below...
In the trading world, there is a term commonly used, namely "spread." Spread refers to the difference between the ask price and bid price of a financial instrument, such as stocks, currencies, or commodities.
Spread is one of the crucial factors that traders need to consider when choosing a trading platform. This is because the spread will affect the amount of profit or loss a trader can make.
Spread is one of the methods through which a trader pays to execute a position.
For some assets, such as stocks, service providers may not use spreads but instead set fees based on commissions, while other assets may combine both.
When trading with a spread, a trader hopes that the market price will move beyond the spread value. If this happens, the trade can be closed with a profit.
However, if the price does not move beyond the spread cost, the trader may close their trade with a loss, even if the market moves according to their prediction.
Before deciding to trade, make sure you know the spread amount from each platform. Here’s the comparison.
GICTrade, the Lowest Spread Trading Platform Perfect for Beginner Traders!
Forex platforms offering low spreads are highly favored by scalping supporters because this trading strategy involves many transactions per day, and in this situation, commission costs can reach up to 100 pips.
To reduce operational costs in forex trading, traders choose platforms with low spreads. Some traders even consider this criterion as the main factor in selecting a platform.
So, what are the advantages of using low spreads?
With a low spread, the potential financial loss can be reduced, which naturally aligns with the basic principles of traders: making a profit and keeping personal funds safe.
Registered forex platforms offer both floating and fixed spreads with varying values, but they still maintain a minimum or mid-range level.
Although a large initial deposit may be required, platforms offering micro and mini accounts still allow small-scale trading.
So why wait? Join now and start enjoying the benefits!
One platform with a small spread is GIC, which offers low spreads through the P2P (peer-to-peer) concept. By using the account types provided by GIC, traders can take advantage of these small spreads.
GICTrade acts as a market maker by providing instant liquidity, reducing spreads, and minimizing trading slippage.
The GICTrade platform offers very competitive spreads, although not the lowest in Indonesia today. Additional benefits like no commission and swap-free make GICTrade a very trader-friendly platform.
After learning about platforms with low spreads, you can start trading with GIC and enjoy the lowest spreads we offer.
In addition to offering low spreads for trading, GIC also provides MT4 and MT5 trading platforms. We also have various features available for traders, including GIC Social Trade, GIC Signal, GIC Affiliate, GIC Academy, GIC Bridge, and GIC Trade.
Experience the diverse features and benefits for Traders and Market Makers in one innovative trading platform: GICTrade!
Enjoy easy trading & take profit all within one app. Register now!
