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OnEquity broker offers some of the most competitive spreads in the industry. For the Plus account, the spread starts from 1 pip, which is acceptable for casual traders. However, if I’m looking for tighter spreads, the Prime account offers spreads from 0.2 pips, and the Elite account offers spreads from 0.0 pips, which is excellent for active traders. I would personally opt for the Elite account if I’m executing a high number of trades, as the tight spreads and low commissions will save me money in the long run. However, the OnEquity minimum deposit for the Elite account is $10,000, which may be a bit steep for beginner traders. For those just starting out, the Plus account with a lower minimum deposit requirement might be a better option.