Brokersview November Spread Review: The Winners Revealed for Forex & XAUUSD Trading

In November’s Brokersview spread assessment, data from 20+ brokers shows a clear performance gap across EURUSD, GBPUSD, and XAUUSD. Among them, IC Markets, AUS Global, and Decode Global stood out with the strongest overall consistency and competitiveness.

1.IC Markets

EURUSD: 0.8 points

GBPUSD: 1.6 points

XAUUSD: 7.3 points

IC Markets delivered the lowest spreads across all three instruments, making it the most cost-efficient choice for active traders.

2.AUS Global

EURUSD: 2 points

GBPUSD: 7.8 points

XAUUSD: 7.7 points

AUS Global ranks second overall. Its EURUSD spread is acceptable and its XAUUSD pricing (7.7 points) is extremely close to IC Markets.

3.Decode Global

EURUSD: 11 points

GBPUSD: 12.8 points

XAUUSD: 15 points

Decode Global shows significantly wider spreads than IC Markets and AUS Global, but maintains relatively stable pricing without excessive volatility. This may appeal to traders prioritizing predictability over ultra-tight spreads.

EURUSD Spread Analysis

For the world's most traded currency pair, low and predictable spreads are crucial.

IC Markets dominates with an industry-leading average spread of 0.8 pips, ideal for scalpers and high-volume traders. While its worst recorded spread (250 pips) indicates potential volatility during extreme market events, AUS Global stands out for exceptional stability, boasting both a low average (2 pips) and the best worst-spread (128 pips) in this group. ACY Securities enters the top three with a respectable average spread.

GBPUSD Spread Analysis

Known for its volatility, GBPUSD requires brokers that can maintain reasonable spreads under pressure.

IC Markets again leads with the tightest average spread. AUS Global reinforces its reputation for stability, maintaining the most controlled worst spread (128 pips) among the leaders—a significant advantage during news-driven GBP volatility. While ACY Securities has a competitive average, its worst spread of 349 pips highlights a higher potential cost risk during turbulent periods.

XAUUSD Spread Analysis

Trading gold often involves higher spreads, making consistency a key differentiator.

The race for gold is incredibly tight. IC Markets edges ahead with a 7.3 pip average. However, AUS Global delivers a remarkable combination of ultra-low average cost (7.7 pips) and superior worst-spread control (128 pips), making it arguably the most reliable broker for XAUUSD traders. Eightcap Global Ltd offers a competitive average spread in the mid-range tier.

Conclusion

While IC Markets wins on pure average spread metrics, AUS Global presents a compelling case for risk-aware traders with its outstanding stability. The inclusion of "Worst Spread" data is critical, revealing that the cheapest average spread does not always equate to the lowest potential trading cost. Traders should align their broker choice with their strategy.