How to choose a broker with the lowest spread.

When trading Forex, the spread plays a crucial role in most profitable strategies, especially scalping. So how do you choose a brokerage with the smallest spread? Most brokers use floating spreads, specifying the smallest spread in their specifications.

The difference between the maximum and minimum spreads can sometimes be tens of pips. How can you avoid losing money, especially if you use an expert advisor and can't constantly monitor the commission when opening each trade?

There are several approaches to solving this problem, each of which is strictly individual, so you'll have to choose.

• A broker or account with a fixed spread - this way, you can be sure that any change in the commission will be no more than a point or two. At first glance, a fixed spread always seems larger than a floating spread, but on average, the difference is not that great, and you are insured against accidentally opening a trade with a widened spread, which can widen by 20-30 pips.

• Constant control - there's a simple spread indicator that displays the spread value in large numbers on the trading terminal screen, meaning you can always monitor the spread when opening a new trade.

• Studying history - this is exactly the case when you can choose a broker with a minimal spread without paying attention to advertising claims.

First, choose a broker that, according to their assurances, has a minimal spread, register, and open an account.

Then, install the Spread Session script and wait a few days. This will give you statistics on the spread size by session, allowing you to see when widening occurs most often, and how the commission size corresponds to the stated amount.

If the broker isn't suitable, check the next company, which will ultimately allow you to choose a truly suitable broker.