Which broker has the lowest spread on Bitcoin?
Verdict
- Among brokers that accept Singapore residents, Pepperstone is the only one in our data that publishes a Bitcoin spread: BTC/USD averages 15.15 on Razor (minimum 10) and 20.15 on Standard, with no commission.
- So we cannot honestly name the lowest Bitcoin spread across the market; the other brokers in our set publish no BTC figure to compare.
- A 15.15 spread costs about $1.52 on 0.1 BTC and $15.15 on 1 BTC, paid once per round trip.
- Pepperstone serves Singapore from its Bahamas entity and holds no MAS licence.
Bitcoin spreads are quoted in dollars per coin, they move with volatility, and few brokers publish them at all. That makes 'lowest' a hard claim to back up. Here is what is on the record, how to read it, and how to test any broker's live spread yourself.
Pepperstone publishes its Bitcoin spread; most brokers don't
We recommend Pepperstone for Bitcoin because its pricing is on the record. Its Australian crypto spreads page lists BTC/USD at a minimum of 10 and an average of 15.15 on Razor, and 15 and 20.15 on Standard, with no commission on crypto CFDs. Its European page advertises BTC/USD from $15. The Bahamas company that serves Singapore residents offers both account types, from a $10 minimum.
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Bitcoin spread figures we could verify
Treat a minimum as the best moment, not the norm; the average is the fairer number to compare.
| Broker | BTC/USD spread published | Commission | Serves Singapore residents? |
|---|---|---|---|
| Pepperstone Razor | Min 10 / avg 15.15 | None | Yes, from the Bahamas |
| Pepperstone Standard | Min 15 / avg 20.15 | None | Yes, from the Bahamas |
| XS | Not in our data | Not in our data | Yes |
| IG, CMC Markets, OANDA, Saxo | Not verified | Not verified | Through MAS-licensed Singapore companies |
What a 15.15 spread means in dollars
- 0.1 BTC: 0.1 × 15.15 = $1.52 for the round trip.
- 0.5 BTC: $7.58.
- 1 BTC: $15.15, against $20.15 on Standard, a $5 difference per coin.
- The spread is paid once across entry and exit; positions held overnight also pay financing, whose rate is not in the pages we verified.
How to test a broker's Bitcoin spread yourself
- Open demo platforms at two brokers side by side.
- Watch BTCUSD at the same moments: a quiet hour and a busy weekday session.
- Record the gap between bid and ask each time and compare averages, not best moments.
- Add any commission and the overnight rate to get the full cost of the trade you actually plan.
A low spread does not settle the licence question
Pepperstone has no MAS licence; Singapore clients deal with Pepperstone Markets Limited, licensed by the Securities Commission of The Bahamas under SIA-F217. The spreads quoted here come from Pepperstone's Australian and European pages, so confirm them on the Bahamas platform before you trade. Capital.com does not accept Singapore residents.
Sources
Published spread pages.
Is the Bitcoin spread lower on Razor or Standard?
Razor: 15.15 on average against 20.15 on Standard, per Pepperstone's Australian page, and neither charges commission on crypto CFDs.
Why does a Bitcoin spread change during the day?
It floats with liquidity and volatility, so the spread at a quiet hour can differ from the spread at a busy one. That is why averages matter more than minimums.
Does a low spread make Bitcoin trading profitable?
No. It lowers the cost of each trade. Most retail CFD accounts still lose money; Pepperstone's international entity puts its own figure at 80%.
CFDs on cryptocurrencies are complex and leveraged, and prices can move violently; you can lose money quickly. This page is information, not investment advice. Check live spreads and terms with the broker before trading.