Practice material
Real brokers we use as worked examples
A lesson about cost lands better when the number in it belongs to a real firm. These 141 files exist for that reason and no other. Each one gives you a published spread to run through the arithmetic, an account ladder to read, and a licence list to practise interpreting. We do not rank them, score them or tell you to open an account with any of them — that is not what the school is for.
How to read these pages
Work the arithmetic yourself before you read our version of it. Take the spread, multiply by ten dollars a pip for one standard lot, and you have the cost of crossing the spread once. Then divide by a hundred to see what the same trade costs at the micro-lot size a beginner should actually be using. Every page below walks that calculation step by step with its own figure.
Supports the lesson · 129 examples
how-to-choose-a-broker
AAAFxPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 2 licence lines to read.Work it through →ACY SecuritiesPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 3 licence lines to read.Work it through →Admirals (Admiral Markets)Published spread 0.5 pips. One standard lot costs $5.00 to cross; $0.05 at 0.01 lots. Ladder of 6 accounts, 3 licence lines to read.Work it through →ADSSPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 2 licence lines to read.Work it through →AETOS Capital GroupPublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 3 licence lines to read.Work it through →Alchemy Markets (Malta)Published spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 2 licence lines to read.Work it through →AlpariPublished spread not verified — this file is used for its account ladder instead. Ladder of 5 accounts, 1 licence line to read.Work it through →AMarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 4 accounts, 3 licence lines to read.Work it through →ATC BrokersPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 3 licence lines to read.Work it through →AUS GlobalPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 5 licence lines to read.Work it through →AvaTradePublished spread 0.9 pips. One standard lot costs $9.00 to cross; $0.09 at 0.01 lots. Ladder of 2 accounts, 5 licence lines to read.Work it through →AxiPublished spread 0.7 pips. One standard lot costs $7.00 to cross; $0.07 at 0.01 lots. Ladder of 3 accounts, 5 licence lines to read.Work it through →AxioryPublished spread not verified — this file is used for its account ladder instead. Ladder of 4 accounts, 2 licence lines to read.Work it through →BlackBull MarketsPublished spread 0.8 pips. One standard lot costs $8.00 to cross; $0.08 at 0.01 lots. Ladder of 4 accounts, 2 licence lines to read.Work it through →Blueberry (formerly Blueberry Markets)Published spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 3 licence lines to read.Work it through →Century FinancialPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 1 licence line to read.Work it through →Charles Schwab Futures and ForexPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 1 licence line to read.Work it through →City Credit CapitalPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 1 licence line to read.Work it through →CommexFXPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 1 licence line to read.Work it through →CPT MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 4 licence lines to read.Work it through →D Prime (formerly Doo Prime)Published spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 5 licence lines to read.Work it through →DeltaStockPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 1 licence line to read.Work it through →DerivPublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 7 licence lines to read.Work it through →DukascopyPublished spread not verified — this file is used for its account ladder instead. Ladder of 4 accounts, 2 licence lines to read.Work it through →easyMarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 4 licence lines to read.Work it through →ErrantePublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 2 licence lines to read.Work it through →eToroPublished spread 1 pips. One standard lot costs $10.00 to cross; $0.10 at 0.01 lots. Ladder of 2 accounts, 3 licence lines to read.Work it through →EurotraderPublished spread not verified — this file is used for its account ladder instead. Ladder of 4 accounts, 2 licence lines to read.Work it through →Exclusive MarketsPublished spread 1.6 pips. One standard lot costs $16.00 to cross; $0.16 at 0.01 lots. Ladder of 5 accounts, 1 licence line to read.Work it through →ExnessPublished spread 0.7 pips. One standard lot costs $7.00 to cross; $0.07 at 0.01 lots. Ladder of 4 accounts, 4 licence lines to read.Work it through →FBSPublished spread 0.7 pips. One standard lot costs $7.00 to cross; $0.07 at 0.01 lots. Ladder of 4 accounts, 2 licence lines to read.Work it through →Fineco BankPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 3 licence lines to read.Work it through →FondexPublished spread not verified — this file is used for its account ladder instead. Ladder of 1 account, 2 licence lines to read.Work it through →FOREX.comPublished spread 1 pips. One standard lot costs $10.00 to cross; $0.10 at 0.01 lots. Ladder of 3 accounts, 5 licence lines to read.Work it through →FortradePublished spread not verified — this file is used for its account ladder instead. Ladder of 1 account, 6 licence lines to read.Work it through →FP MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 6 licence lines to read.Work it through →FreshForexPublished spread not verified — this file is used for its account ladder instead. Ladder of 4 accounts, 1 licence line to read.Work it through →Fusion MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 3 licence lines to read.Work it through →FXCCPublished spread not verified — this file is used for its account ladder instead. Ladder of 5 accounts, 3 licence lines to read.Work it through →FXCMPublished spread 1.3 pips. One standard lot costs $13.00 to cross; $0.13 at 0.01 lots. Ladder of 3 accounts, 4 licence lines to read.Work it through →FXDDPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 1 licence line to read.Work it through →FXGMPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 1 licence line to read.Work it through →FXGT.comPublished spread not verified — this file is used for its account ladder instead. Ladder of 6 accounts, 3 licence lines to read.Work it through →FXOpenPublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 3 licence lines to read.Work it through →FXPIGPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 1 licence line to read.Work it through →FXPrimusPublished spread not verified — this file is used for its account ladder instead. Ladder of 4 accounts, 3 licence lines to read.Work it through →FxProPublished spread 0.9 pips. One standard lot costs $9.00 to cross; $0.09 at 0.01 lots. Ladder of 3 accounts, 4 licence lines to read.Work it through →FXTM (ForexTime)Published spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 4 licence lines to read.Work it through →GKFX / GKEuropePublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 2 licence lines to read.Work it through →Global GTPublished spread not verified — this file is used for its account ladder instead. Ladder of 5 accounts, 2 licence lines to read.Work it through →Global PrimePublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 2 licence lines to read.Work it through →GO MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 5 licence lines to read.Work it through →Grand CapitalPublished spread not verified — this file is used for its account ladder instead. Ladder of 5 accounts, 1 licence line to read.Work it through →Gulf BrokersPublished spread not verified — this file is used for its account ladder instead. Ladder of 7 accounts, 1 licence line to read.Work it through →Hantec MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 5 licence lines to read.Work it through →HFM (formerly HotForex)Published spread not verified — this file is used for its account ladder instead. Ladder of 6 accounts, 7 licence lines to read.Work it through →HYCMPublished spread not verified — this file is used for its account ladder instead. Ladder of 1 account, 2 licence lines to read.Work it through →IC MarketsPublished spread 0.62 pips. One standard lot costs $6.20 to cross; $0.06 at 0.01 lots. Ladder of 2 accounts, 3 licence lines to read.Work it through →iFOREXPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 2 licence lines to read.Work it through →IG GroupPublished spread 0.6 pips. One standard lot costs $6.00 to cross; $0.06 at 0.01 lots. Ladder of 4 accounts, 7 licence lines to read.Work it through →INFINOXPublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 3 licence lines to read.Work it through →InstaForexPublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 1 licence line to read.Work it through →Interactive BrokersPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 4 licence lines to read.Work it through →IQ OptionPublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 2 licence lines to read.Work it through →IronFXPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 4 licence lines to read.Work it through →JFD BrokersPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 2 licence lines to read.Work it through →JustMarketsPublished spread 0.3 pips. One standard lot costs $3.00 to cross; $0.03 at 0.01 lots. Ladder of 4 accounts, 5 licence lines to read.Work it through →Key To MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 2 licence lines to read.Work it through →Khwezi TradePublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 1 licence line to read.Work it through →KVB Kunlun (KVB)Published spread not verified — this file is used for its account ladder instead. Ladder of 4 accounts, 2 licence lines to read.Work it through →Kwakol MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 1 licence line to read.Work it through →Land PrimePublished spread 0.9 pips. One standard lot costs $9.00 to cross; $0.09 at 0.01 lots. Ladder of 4 accounts, 2 licence lines to read.Work it through →LegacyFXPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 1 licence line to read.Work it through →LibertexPublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 1 licence line to read.Work it through →LiteFinancePublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 3 licence lines to read.Work it through →LMAX GlobalPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 2 licence lines to read.Work it through →M4MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 4 accounts, 3 licence lines to read.Work it through →Markets.comPublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 3 licence lines to read.Work it through →Markets4you (formerly Forex4you)Published spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 2 licence lines to read.Work it through →Milton MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 1 account, 2 licence lines to read.Work it through →Moneta MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 5 licence lines to read.Work it through →NAGAPublished spread not verified — this file is used for its account ladder instead. Ladder of 1 account, 2 licence lines to read.Work it through →NinjaTraderPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 1 licence line to read.Work it through →NordFXPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 3 licence lines to read.Work it through →OANDAPublished spread 1 pips. One standard lot costs $10.00 to cross; $0.10 at 0.01 lots. Ladder of 3 accounts, 5 licence lines to read.Work it through →Octa (formerly OctaFX)Published spread 0.6 pips. One standard lot costs $6.00 to cross; $0.06 at 0.01 lots. Ladder of 3 accounts, 3 licence lines to read.Work it through →One Financial MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 1 account, 1 licence line to read.Work it through →OneRoyalPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 4 licence lines to read.Work it through →OrbexPublished spread not verified — this file is used for its account ladder instead. Ladder of 4 accounts, 5 licence lines to read.Work it through →PepperstonePublished spread 0.6 pips. One standard lot costs $6.00 to cross; $0.06 at 0.01 lots. Ladder of 2 accounts, 7 licence lines to read.Work it through →Plus500Published spread 0.6 pips. One standard lot costs $6.00 to cross; $0.06 at 0.01 lots. Ladder of 2 accounts, 5 licence lines to read.Work it through →PU PrimePublished spread 1.3 pips. One standard lot costs $13.00 to cross; $0.13 at 0.01 lots. Ladder of 4 accounts, 4 licence lines to read.Work it through →Purple TradingPublished spread not verified — this file is used for its account ladder instead. Ladder of 1 account, 2 licence lines to read.Work it through →Rakuten Securities AustraliaPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 1 licence line to read.Work it through →RoboForexPublished spread not verified — this file is used for its account ladder instead. Ladder of 5 accounts, 2 licence lines to read.Work it through →Scope MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 6 licence lines to read.Work it through →SkillingPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 2 licence lines to read.Work it through →SpreadexPublished spread 0.6 pips. One standard lot costs $6.00 to cross; $0.06 at 0.01 lots. Ladder of 3 accounts, 1 licence line to read.Work it through →Squared FinancialPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 2 licence lines to read.Work it through →STARTRADERPublished spread not verified — this file is used for its account ladder instead. Ladder of 4 accounts, 7 licence lines to read.Work it through →StoneX Trading (formerly City Index)Published spread 0.5 pips. One standard lot costs $5.00 to cross; $0.05 at 0.01 lots. Ladder of 3 accounts, 2 licence lines to read.Work it through →Sway MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 4 accounts, 2 licence lines to read.Work it through →SwissquotePublished spread 1.7 pips. One standard lot costs $17.00 to cross; $0.17 at 0.01 lots. Ladder of 4 accounts, 2 licence lines to read.Work it through →T4TradePublished spread not verified — this file is used for its account ladder instead. Ladder of 4 accounts, 1 licence line to read.Work it through →TaurexPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 5 licence lines to read.Work it through →ThinkMarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 4 licence lines to read.Work it through →ThreeTraderPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 2 licence lines to read.Work it through →TickmillPublished spread 0.1 pips. One standard lot costs $1.00 to cross; $0.01 at 0.01 lots. Ladder of 4 accounts, 5 licence lines to read.Work it through →TIOmarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 4 licence lines to read.Work it through →TitanFXPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 3 licence lines to read.Work it through →TMGMPublished spread 1 pips. One standard lot costs $10.00 to cross; $0.10 at 0.01 lots. Ladder of 3 accounts, 4 licence lines to read.Work it through →TopFXPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 2 licence lines to read.Work it through →Trade NationPublished spread not verified — this file is used for its account ladder instead. Ladder of 1 account, 6 licence lines to read.Work it through →Trade.comPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 3 licence lines to read.Work it through →Traders TrustPublished spread not verified — this file is used for its account ladder instead. Ladder of 4 accounts, 2 licence lines to read.Work it through →Trading 212Published spread not verified — this file is used for its account ladder instead. Ladder of 4 accounts, 5 licence lines to read.Work it through →Trive FinancialPublished spread not verified — this file is used for its account ladder instead. Ladder of 5 accounts, 5 licence lines to read.Work it through →UFXPublished spread not verified — this file is used for its account ladder instead. Ladder of 4 accounts, 1 licence line to read.Work it through →Ultima MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 4 licence lines to read.Work it through →ValutradesPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 2 licence lines to read.Work it through →Vantage (Vantage Markets)Published spread not verified — this file is used for its account ladder instead. Ladder of 5 accounts, 6 licence lines to read.Work it through →VT MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 2 accounts, 4 licence lines to read.Work it through →WeltradePublished spread not verified — this file is used for its account ladder instead. Ladder of 6 accounts, 2 licence lines to read.Work it through →Windsor BrokersPublished spread not verified — this file is used for its account ladder instead. Ladder of 3 accounts, 5 licence lines to read.Work it through →XGLOBAL MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 1 account, 1 licence line to read.Work it through →XMPublished spread 0.8 pips. One standard lot costs $8.00 to cross; $0.08 at 0.01 lots. Ladder of 3 accounts, 4 licence lines to read.Work it through →XTBPublished spread 0.5 pips. One standard lot costs $5.00 to cross; $0.05 at 0.01 lots. Ladder of 2 accounts, 3 licence lines to read.Work it through →XtradePublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 5 licence lines to read.Work it through →Zero MarketsPublished spread not verified — this file is used for its account ladder instead. Ladder of 0 accounts, 3 licence lines to read.Work it through →
Supports the lesson · 12 examples
Turning a spread into money
You already know the spread is the gap between bid and ask. These firms are here so you can practise converting that gap into dollars before you ever fund an account.
ActivTradesPublished spread 0.5 pips. One standard lot costs $5.00 to cross; $0.05 at 0.01 lots. Ladder of 4 accounts, 3 licence lines to read.Work it through →ATFXPublished spread 0.8 pips. One standard lot costs $8.00 to cross; $0.08 at 0.01 lots. Ladder of 3 accounts, 7 licence lines to read.Work it through →Capital.comPublished spread 0.6 pips. One standard lot costs $6.00 to cross; $0.06 at 0.01 lots. Ladder of 3 accounts, 6 licence lines to read.Work it through →CMC MarketsPublished spread 0.5 pips. One standard lot costs $5.00 to cross; $0.05 at 0.01 lots. Ladder of 4 accounts, 3 licence lines to read.Work it through →Decode GlobalPublished spread 0.9 pips. One standard lot costs $9.00 to cross; $0.09 at 0.01 lots. Ladder of 3 accounts, 3 licence lines to read.Work it through →EightcapPublished spread 0.1 pips. One standard lot costs $1.00 to cross; $0.01 at 0.01 lots. Ladder of 2 accounts, 7 licence lines to read.Work it through →EquitiPublished spread 1.4 pips. One standard lot costs $14.00 to cross; $0.14 at 0.01 lots. Ladder of 4 accounts, 5 licence lines to read.Work it through →IUX (IUX Markets)Published spread 0.9 pips. One standard lot costs $9.00 to cross; $0.09 at 0.01 lots. Ladder of 4 accounts, 5 licence lines to read.Work it through →Saxo BankPublished spread 0.9 pips. One standard lot costs $9.00 to cross; $0.09 at 0.01 lots. Ladder of 3 accounts, 6 licence lines to read.Work it through →tastyfxPublished spread 0.8 pips. One standard lot costs $8.00 to cross; $0.08 at 0.01 lots. Ladder of 2 accounts, 1 licence line to read.Work it through →TradeStation GlobalPublished spread 1.4 pips. One standard lot costs $14.00 to cross; $0.14 at 0.01 lots. Ladder of 2 accounts, 1 licence line to read.Work it through →XS.comPublished spread 1.1 pips. One standard lot costs $11.00 to cross; $0.11 at 0.01 lots. Ladder of 12 accounts, 7 licence lines to read.Work it through →
Why there is no league table here
A student who learns to compute cost can compare any two firms for themselves in under a minute, which is worth more than any list we could publish. So we teach the arithmetic and leave the choosing to you. The figures on these pages are taken from public record and from each firm's own published material; where we could not confirm something, the page says “not verified” rather than filling the gap with a plausible number. If you want the method rather than the examples, start with the bid, ask and spread lesson and then run your own numbers in the pip value calculator.