5 Best Low Spread Forex Brokers that accept US Traders

The 5 Best Low Spread Forex Brokers that Accept US Traders – Rated and Reviewed, We have listed the Best Lowest Spread Forex Brokers accepting Traders in the United States.

In this in-depth guide, you will learn:

• The Best Low Spread Forex Brokers Accepting US Clients – a List
• The Lowest Spread Broker for Gold (XAU/USD) Trading in the US
• Is a Low Spread good in Forex?
• Which Brokers have Zero Spreads and No Commissions
• What is the Lowest Spread Forex Pairs?
• Which Broker has the Lowest Spread in Forex?

and much, MUCH more!

5 Best Low Spread Forex Brokers that Accept US Traders – a Comparison

5 Best Low Spread Forex Brokers that Accept US Traders (2024)

1. ☑️ Plus500 – Overall, the best-regulated broker
2. ☑️ IG – Strong Presence in the US market
3. ☑️ Interactive Brokers – Best Proprietary Offering
4. ☑️ Trading.com – Best Online Trading Experience
5. ☑️ 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

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.

Pros and Cons

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.

Pros and Cons

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.

Pros and Cons

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.

Pros and Cons

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