BrokersView May Spread Review Singapore: IC Markets, AUS Global, or Decode Global — Who Wins?

Trading costs remain one of the most important factors for traders when selecting a broker. In BV's May 2026 Spread Review, we analyzed the average spreads of these brokers across three widely traded instruments: EUR/USD, GBP/USD, and XAU/USD.

1.IC Markets – The Clear Cost Leader

IC Markets delivered the most competitive pricing among all brokers tested, recording an average spread of just 1 point on EUR/USD, 2.3 points on GBP/USD, and 9.2 points on gold (XAU/USD).

The broker's consistently low spreads across both forex and precious metals helped it secure the top position in this month's ranking. For active traders, scalpers, and algorithmic strategies, IC Markets continues to offer one of the lowest-cost trading environments in the market.

2.AUS Global – Strong Gold Pricing Stands Out

AUS Global ranked second overall, supported by an impressive 7.1-point average spread on XAU/USD, the lowest gold spread among all brokers reviewed.

While its EUR/USD spread of 2 points remained highly competitive, GBP/USD spreads were slightly wider at 8.3 points. Nevertheless, AUS Global's strong performance in gold trading helped it secure a place among the month's top performers.

3.Decode Global – Balanced Performance Across Markets

Decode Global completed the top three with average spreads of 10.9 points on EUR/USD, 12.1 points on GBP/USD, and 14.8 points on XAU/USD.

Although its spreads were noticeably wider than the top two brokers, Decode Global maintained a balanced pricing structure across all three instruments. The broker outperformed several established competitors and demonstrated stable overall cost efficiency.

EUR/USD Spread Ranking

1.IC Markets

Average Spread: 1 point

Worst Spread: 246 points

IC Markets delivered the tightest average EUR/USD spread in May, making it the most cost-efficient broker in the comparison. However, its worst spread reached 246 points, indicating substantial widening during periods of market volatility.

2.AUS Global

Average Spread: 2 points

Worst Spread: 150 points

AUS Global secured second place with an exceptionally competitive average spread. Although its worst spread was lower than IC Markets, traders should still be aware of potential spread expansion during fast-moving markets.

3.ACY Securities

Average Spread: 7.9 points

Worst Spread: 168 points

ACY Securities completed the top three, maintaining a noticeable advantage over most competitors. Its average spread remained below 10 points, though spread volatility was evident during peak market events.

Among brokers outside the top three, Decode Global (10.9 points), Eightcap (11 points), and D Prime (11.2 points) delivered relatively competitive average spreads. Notably, D Prime recorded the lowest worst spread in the entire comparison at just 25 points, suggesting strong spread stability.

GBP/USD Spread Ranking

1.IC Markets

Average Spread: 2.3 points

Worst Spread: 171 points

IC Markets delivered the tightest average GBP/USD spread in May at just 2.3 points, far ahead of the competition. Although its worst spread reached 171 points during volatile market conditions, the broker maintained exceptionally competitive pricing overall, making it the standout performer of the month.

2.AUS Global

Average Spread: 8.3 Points

Worst Spread: 181 points

AUS Global secured second place with an average spread of 8.3 points. While notably wider than IC Markets, it remained well ahead of most competitors. However, its worst spread expanded to 181 points, suggesting occasional volatility-related fluctuations.

3.ACY Securities

Average Spread: 9.9 Points

Worst Spread: 259 points

ACY Securities rounded out the top three with an average spread of 9.9 points. Despite maintaining a sub-10-point average spread, the broker recorded one of the highest maximum spreads among the leaders at 259 points, indicating traders may face larger spread spikes during market turbulence.

XAUUSD Spread Ranking

1.AUS Global

Average spread: 7.1 points

Worst spread: 190 points

AUS Global delivered the tightest average XAUUSD spread among all tested brokers, making it the most cost-efficient option for traders focused on minimizing transaction costs. While occasional widening occurred, its overall pricing remained highly competitive throughout the month.

2.IC Markets

Average spread: 9.2 points

Worst spread: 241 points

IC Markets secured second place with an average spread below 10 points. The broker maintained strong pricing consistency and continued to perform well for active traders seeking low trading costs in the gold market.

3.Decode Global

Average spread: 14.8 points

Worst spread: 505 points

Decode Global ranked third, offering a relatively low average spread. However, its worst-spread figure was noticeably higher than the top two brokers, suggesting traders should pay attention to potential spread expansion during volatile market conditions.

Conclusion

The spread gap between the leading brokers and the rest of the market remains significant. IC Markets continues to dominate with exceptionally low spreads, while AUS Global benefits from outstanding gold pricing. Decode Global rounds out the podium with consistent all-around performance.

As trading costs directly affect profitability, traders should consider not only spreads but also execution quality, commissions, liquidity, and withdrawal policies when evaluating a broker.

Source: BrokersView Spread Review  (Singapore Market).