5 Best Low Spread Forex Brokers that accept US Traders
Last Update: July 23rd, 2024
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.
| Broker | Website | |
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| 🥇 |  | Visit Broker |
| 🥈 |  | Visit Broker |
| 🥉 |  | Visit Broker |
| 4 |  | Visit Broker |
| 5 |  | Visit Broker |
| 6 |  | Visit Broker |
| 7 |  | Visit Broker |
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
| Broker | 🚀Open an Account | 🤝 Accepts US Traders | 📊 Spreads (from) | 💶 Min. Deposit |
| 🥇Plus500 | 👉 Click Here | ✅Yes | 0.8 Pips | 100 USD |
| 🥈IG | 👉 Click Here | ✅Yes | 0.1 Pips | 50 USD |
| 🥉Interactive Brokers | 👉 Click Here | ✅Yes | 0.6 Pips | None |
| 🎖️Trading.com | 👉 Click Here | ✅Yes | 0.6 Pips | 5 USD |
| 🏅OANDA | 👉 Click Here | ✅Yes | 0.1 Pips | None |
5 Best Low Spread Forex Brokers that Accept US Traders (2024)
- ☑️ Plus500 – Overall, the Best Low Spread Forex Broker 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 highly regulated Forex and CFD Broker that offers Spreads from 0.8 Pips, and a leverage of up to 1:300. Moreover, trading with Plus500 is commission-free. In addition, Notable Factors and Features include:
- 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.
| 🔎 Broker | 🥇 Plus500 |
| 📈 Regulation | ASIC, FSCA, FCA, CySEC, FSA Seychelles, MAS, CFTC |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/7 |
| 💹 Trading Platforms | Plus500 platform |
| ↪️ Account Types | Live Trading Account |
| 💴 Base Currencies | USD, GBP, ZAR, EUR |
| 📌 Spreads | From 0.8 pips |
| 📍 Leverage | 1:300 |
| 💶 Currency Pairs | 60+; minor, major, and exotic pairs |
| 💵 Minimum Deposit | 100 USD |
| 💷 Inactivity Fee | Yes, 10 USD after three months of inactivity |
| 🚀Open an Account | 👉 Click Here |
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 | There are high CFD fees because of wider, marked-up spreads |
| Plus500 works on a spread-only basis, free from commission fees | There is a 0.7% currency conversion fee |
Our Insights
Plus500 works on a spread-only basis and trading is Commission Free. 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 |
| 📈 Regulation and Licenses | FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
| 📉 Ease of Use | 4/5 |
| 📊 Support Hours | 24/7 |
| 💻 Trading Platforms | MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API |
| 💴 Base Currencies | USD |
| 📊 Spreads | From 0.1 pips DMA |
| 📌 Leverage | 1:222 (Pro), 1:30 (EU, UK, Retail) |
| 💸 Currency Pairs | 80+; major, minor, and exotic pairs |
| 💳 Minimum Deposit | From 50 USD (differs per region) |
| 🚫 Inactivity Fee | Yes, 12 USD after 2 years of inactivity |
| 📍 Website Languages | English |
| 💰 Fees and Commissions | Spreads from 0.1 pips, commissions from 0.10% |
| 🚀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 FX and CFD available for most clients |
| 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.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 | | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker |
| 🥉 | | Read Review | FCA, FSCA, FSC, CMA | USD 10 | Visit Broker |
| 4 | | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 | | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker |
| 6 | | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 7 | | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
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
It means there is a small difference between the Bid and the Ask Price.
Generally, it will be incurred during Major Forex Sessions. Moreover, it is a general indication of low volatility and high liquidity.
A commission fee of 0.10% is charged.
Several Base currencies are accepted, including USD, AUD, CAD, and, CHF.
The Trading.com Minimum Deposit is 5 USD.
MetaTrader 4 and MetaTrader 5 are supported.
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