5 Best Low Spread Forex Brokers that accept US Traders
5 Best Low Spread Forex Brokers that Accept US Traders
- Plus500 – Overall, one of the Best Forex Brokers accepting US Traders.
- IG – Strong Presence in the US market.
- Interactive Brokers – Best Proprietary Offering.
- Trading.com – Best Online Trading Experience.
- OANDA – Low Spreads and Trading Fees.
Plus500
Plus500 is a multi-asset broker that offers trading on three different markets – Plus500 CFD platform, Plus500 Invest, and the Plus500 Futures which is available only to US traders.
- Several Regulations, including the CFTC
- 24/7 Customer Support
- A Proprietary Trading Platform
- Access to over 60 Currency Pairs
- Gold Trading in the US
Trading Instruments and Products include Commodities, Shares, Options, ETFs, Cryptocurrencies, Forex, and, Indices.
Futures Platform
| Broker | Plus500 |
| Regulation | 🇬🇧 FCA 🇨🇾 CySEC 🇦🇺 ASIC 🇸🇬 MAS 🇯🇵 FSA 🇲🇹 EFSA 🇦🇪 DFSA 🇺🇸 CFTC |
| Minimum Deposit | 100 USD |
| Fund Withdrawal Fee | No withdrawal fees for most methods |
| Commissions | Commissions only, No spreads |
| Swap Fees | Applicable swap fees/overnight financing |
| Leverage | Varies by instrument |
| Margin requirements | Varies by asset class typically between 2% to 5% |
| Open an Account |  |
Pros and Cons
| ✓ Pros | ✕ Cons |
| The Plus500 platform does not have a high learning curve like other platforms | Plus500 does not offer MetaTrader or any other third-party platforms |
| Plus500’s demo account is ideal for testing trading strategies and practicing trading | High fees |
Our Insights
Plus500 works on a spread-only basis. Moreover, it offers access to several trusted deposit options and secure withdrawals.
IG
IG is a Trusted and well-established Forex services provider that offers spreads from 0.1 Pips. Moreover, leverage of up to 1:222 is offered on the Pro Account. In addition, Broker highlights include:
- Regulations in Multiple Jurisdictions, including CFTC and NFA
- 24/7 Dedicated Customer Support
- Proprietary Trading Platforms
- MetaTrader 4
- Islamic, Swap-Free Trading Account
- Share Dealing and Limited Risk Trading Options
Trading instruments and Products include Forex, Indices, Share CFDs, Commodities, Cryptocurrencies, Futures, Options, Bonds, ETFs, Digital 100s, and, Interest rates.
| 🔎 Broker | 🥇 IG |
| 📌 Year Founded | 1974 |
| 👤 Amount of Staff | 2,000+ |
| 👥 Amount of Active Traders | 300,000+ |
| 📍 Publicly Traded | ✅Yes |
| 🛡️Regulation | FCA, ASIC, CFTC, NFA, BaFin |
| 🌎 Country of Regulation | UK, Australia, US, Germany |
| ↪️ Account Segregation | ✅Yes |
| ⭐ Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | USD, EUR, GBP |
| 💶 Minimum Deposit | $250 |
| ⏰ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💷 Fund Withdrawal Fee | None |
| 📈 Spreads from | 0.6 pips |
| 📉 Commissions | None |
| 💰 Number of Base Currencies Supported | 5 |
| 📊 Swap Fees | Applicable |
| ⚙️ Leverage | Up to 1:30 (Retail) |
| 🔖 Margin Requirements | Varies by asset |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏲️ Order Execution Time | 0.1 seconds |
| 🖱️ VPS Hosting | ✅Yes |
| ✔️CFDs Total | 17,000+ |
| 📌 CFD Stock Indices | 80+ |
| 🍎 CFD Commodities | 30+ |
| 📍 CFD Shares | 12,000+ |
| 💴 Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 💶 Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 🖥️ Trading Platforms | MetaTrader 4, ProRealTime, L2 Dealer, IG Trading Platform |
| 💻 OS Compatibility | Windows, MacOS, Android, iOS |
| 📐 Forex Trading Tools | Economic calendar, Autochartist, Trading signals |
| 🥰 Live Chat Availability | ✅Yes |
| 💌 Customer Support Email | ✅Yes |
| ☎️ Customer Support Contact Number | ✅Yes |
| 💙 Social Media Platforms | Facebook, Twitter, LinkedIn |
| ✏️ Languages Supported | Multiple languages |
| 📔 Forex Course | ✅Yes |
| 📚 Webinars | ✅Yes |
| 📒 Educational Resources | Articles, Videos, Tutorials |
| 📑 Affiliate Program | ✅Yes |
| 🗃️ Amount of Partners | Not specified |
| 🗄️ IB Program | ✅Yes |
| 📇 Notable Events or Teams | ✅Yes |
| 🪙 Rebate Program | ✅Yes |
| 💴 Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Access to over 17,000 instruments across markets | Limitations on customer support hours |
| Investing opportunities for high-volume traders | Inactivity fees apply |
| Several advanced Trading platforms | IG is not available in all regions |
Our Insights
The benefits of trading with IG include access to Scalping, Hedging, and, several Live Trading accounts. Moreover, multilingual customer support is offered.
Interactive Brokers
Interactive Brokers is a trusted and regulated Forex and CFD Brokers that offers spreads from 0.6 Pips and a leverage of up to 1:30. In addition, Notable Factors and Features include:
- IBKR Lite and IBKR Pro Accounts
- Access to over 100 Currency Pairs
- 24/5 Customer Support
- No Minimum Deposit Required
- Scalping and Hedging are supported
Trading instruments and Products include Forex, Stocks, ETFs, Options, Futures, Indices, Mutual funds, Cryptocurrencies, Metals, and, Bonds.
| 🔎 Broker | 🥇 Interactive Brokers |
| 💴 Min. Deposit | None |
| 💶 Inactivity Fee | None |
| 📈 Tradable Assets | Forex, Metals, Futures, ETFs |
| 🪙 Crypto Trading | ✅Yes |
| 📉 MT4 / MT5 | None |
| 📊 Proprietary Platforms | ✅Yes |
| 📲 Mobile App | ✅Yes |
| 🤝 Customer Support | 24/7 |
| ✏️ Education | ✅Yes |
| 📍 Account Types | IBKR Pro and Lite |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking Customer Support |
Our Insights
The benefits of trading with IBKR include access to comprehensive desktop, online, and mobile trading platforms. Furthermore, an impressive selection of educational resources is available.
Trading.com
Trading.com is a popular and well-established Forex service provider that offers spreads from 0.6 Pips and a Leverage of up to 1:30. In addition, Notable Factors and Features include:
- Low Minimum Deposit
- Standard, Pro, and, Institutional Accounts
- Demo Account
- MetaTrader 5 Availability
Trading instruments and Products include Forex, Stocks, Commodities, Indices, Metals, and, Energies.
| 🔎 Broker | 🥇 Trading.com |
| 💴 Min. Deposit | 50 USD |
| ⏰ Customer Support | 24/5 |
| 4️⃣ MetaTrader 5 | ✅Yes |
| 5️⃣ MetaTrader 4 | None |
| 🎁 No Deposit Bonus | ✅Yes |
| ⭐ Accounts | T1 Account |
| ☪️ Islamic Option | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Bonus Offers | Single Account Option |
| Low Min. Deposit | Limited Trading Platforms |
| MetaTrader 5 | No MetaTrader 4 |
Our Insights
The benefits of trading with Trading.com include access to over 1,200 financial instruments and great customer support. Moreover, the Broker does not charge any hidden fees.
OANDA
OANDA is a popular Forex and CFD Broker that offers spreads from 0.1 Pips and Leverage of up to 1:888. Moreover, trading with OANDA is commission-free. In addition, Notable Factors and Features include:
- CFTC and NFA Regulation
- 24/5 Customer Support
- MetaTrader 4 and MetaTrader 5
- Multiple Base Currencies including USD and EUR
- Multilingual Customer Support
Furthermore, trading instruments and products include Forex, Indices, Commodities, Metals, Shares, Energies, and, Cryptocurrencies.
| 🔎 Broker | 🥇 OANDA |
| 💶 Minimum Deposit | None |
| 📌 Account Types | Standard, Elite Trader |
| 🆓 Demo Account | ✅Yes |
| 🎁 Bonus Offers | ✅Yes |
| ✏️ Education | ✅Yes |
| 📲 Mobile Trading | ✅Yes |
| 🖱️ Trading Platform | MetaTrader 4 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Great trading platforms | Only Forex |
| Outstanding research tools | Lacking Customer Support |
| Low trading fees | Inactivity fee |
Our Insights
The Benefits of Trading with OANDA include access to a large library of instructional resources. In addition, Webinars and up-to-date Market research are available.
Low Spreads in Forex – Explained
The term “Low Spread” means that there is a small difference between the Bid and the Ask Price. In addition, Low Spreads will generally be incurred during Major Forex Sessions. Moreover, it is a general indication of low volatility and high liquidity.
In Conclusion
Low Spread Forex Brokers are ideal for US Traders focused on fund and risk management.
Our Insights
While reviewing the Best Low Spread Forex Brokers that accept US Traders, we found 5 excellent options. In addition, each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
You might also like:
- The Best Forex Brokers to Trade Gold in the USA
- Plus500 Review
- IG Review
- Interactive Brokers Review
- OANDA Review
