10 Best Forex Brokers by Spreads

 

We have listed the 10 Best Forex Brokers by Spreads, offering traders the lowest and most competitive pricing across major, minor, and exotic currency pairs. These brokers provide tight spreads, trusted regulation, and advanced trading platforms, ensuring both beginners and professionals can execute cost-effective and precise forex trades with confidence.

 

10 Best Forex Brokers by Spreads (2025)

 

1. MultiBank Group – Overall, The Best Forex Brokers by Spreads
2. IC Markets – Raw spreads from 0.0 pips
3. Pepperstone – Fast execution and low-cost trading
4. GO Markets – Multiple trading platforms
5. Exness – Ultra-low spreads and high leverage
6. Axi – Popular proprietary trading program (Axi Select)
7. BlackBull Markets – Access to tools like TradingView and ZuluTrade
8. fxPro – Wide selection of instruments, competitive spreads
9. FBS – Low minimum deposit of just $5
10. Tickmill – Competitive trading conditions with spreads from 0.0 pips

 

Top 10 Forex Brokers (Globally)

 

 

1. MultiBank Group

 

★★★★

Minimum Deposit: $50 Regulated by: AUSTRAC, BAFIN, CIMA, ESCA, CySEC, FSC, FMA, MAS, TFG, VFSC Crypto: Yes

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MultiBank Group is a legit forex broker known for offering some of the lowest spreads in the market, starting from 0.0 pips on major currency pairs. It provides tight pricing, fast execution, and strong regulation, making it ideal for traders seeking cost-efficient forex trading.

 

 

 

Frequently Asked Questions

 

What are the spreads offered by MultiBank Group?

MultiBank Group’s spreads vary by account type. The ECN account offers raw spreads from 0.0 pips with a commission. Pro accounts have spreads from 0.8 pips, and Standard accounts start from 1.5 pips, both with no commission.

 

Does MultiBank Group charge commissions in addition to spreads?

Yes, MultiBank Group does charge commissions, but it depends on the account type. The ECN account features raw spreads (from 0.0 pips) plus a commission (e.g., $3.00 per lot, round-turn). However, the Standard and Pro accounts are commission-free, with wider spreads.

 

★★★★

Minimum Deposit: $50 Regulated by: AUSTRAC, BAFIN, CIMA, ESCA, CySEC, FSC, FMA, MAS, TFG, VFSC Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

2. IC Markets

 

★★★

Minimum Deposit: $200 Regulated by: FSA Crypto: Yes

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IC Markets is an authorized forex broker known for its ultra-tight spreads starting from 0.0 pips on major currency pairs. It offers fast execution, deep liquidity, and advanced platforms, making it ideal for cost-efficient forex trading.

 

 

 

Frequently Asked Questions

 

What spreads does IC Markets offer?

IC Markets offers two main types of spreads: Raw Spreads (starting from 0.0 pips plus commission) for their Raw Spread accounts, and Standard Spreads (starting from 0.8 pips with no commission) for their Standard accounts.

 

Does IC Markets charge commissions on trades?

Yes, IC Markets charges commissions on their Raw Spread and cTrader accounts, typically $7 round turn per standard lot on Raw Spread. However, their Standard account is commission-free, utilizing a spread markup instead.

 

★★★

Minimum Deposit: $200 Regulated by: FSA Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

3. Pepperstone

 

★★★★★

Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes

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Pepperstone is a legit, well-regulated forex broker offering ultra-tight spreads from 0.0 pips on their Razor account and competitive spreads on their Standard account.

 

 

 

Frequently Asked Questions

 

Is Pepperstone a legal forex broker?

Yes, Pepperstone is a legal forex broker, as it is multi-regulated by top-tier financial authorities like ASIC (Australia), FCA (UK), CySEC (Cyprus), and BaFin (Germany) in its different global entities.

 

What spreads does Pepperstone offer?

Pepperstone offers variable spreads that depend on the account type. The Razor Account provides raw spreads from 0.0 pips plus a commission. The Standard Account is commission-free with spreads starting from around 1.0 pip.

 

★★★★★

Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

Top 3 Forex Brokers by Spreads – MultiBank Group vs IC Markets vs Pepperstone

 

 

 

4. GO Markets

 

★★★★

Minimum Deposit: $200 Regulated by: ASIC, FSA, FSC, CySEC Crypto: Yes

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GO Markets is a regulated forex broker offering spreads starting from 0.0 pips on selected currency pairs (on its Plus+ account) and average spreads around 0.1 pips on EUR/USD, making it a cost-efficient choice for traders focused on tight pricing.

 

 

 

Frequently Asked Questions

 

What spreads does GO Markets offer?

GO Markets offers variable spreads that vary by account type. The Standard Account offers spreads starting from 0.8 pips with zero commission, while the GO Plus+ account features tighter raw spreads starting from 0.0 pips plus a commission.

 

Does GO Markets charge commissions on trades?

Yes, GO Markets charges commissions depending on the account type. The Standard Account is commission-free, with costs built into the spread. The GO Plus+ account features tighter raw spreads but charges a commission per lot per side.

 

★★★★

Minimum Deposit: $200 Regulated by: ASIC, FSA, FSC, CySEC Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

5. Exness

 

★★★★★

Minimum Deposit: $1 Regulated by: CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA Crypto: Yes

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Exness is a regulated forex broker offering spreads from 0.0 pips on its Raw/Zero account types and around 0.1–0.3 pips on pro/standard accounts for major currency pairs.

 

 

 

Frequently Asked Questions

 

What spreads does Exness offer?

Exness offers spreads from 0.0 pips on its Raw Spread and Zero accounts (with commission). The commission-free Standard and Pro accounts offer spreads from 0.2 pips and 0.1 pips, respectively. Spreads are dynamic and can fluctuate.

 

Does Exness charge commissions on low-spread accounts?

Yes, Exness charges a commission on its lowest-spread accounts. The Raw Spread and Zero accounts offer spreads from 0.0 pips, but incur a trading commission per lot. The Pro account, however, is commission-free but has spreads from 0.1 pips.

 

★★★★★

Minimum Deposit: $1 Regulated by: CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

6. Axi

 

★★★★

Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes

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Axi is a regulated forex broker that offers ultra-competitive spreads. Some account types feature spreads starting from 0.0 pips on major pairs, while standard accounts have more typical spreads around 0.7 pips on EUR/USD.

 

 

 

Frequently Asked Questions

 

Is Axi an authorized forex broker?

Yes, Axi is an authorized forex broker. It is regulated by several top-tier financial bodies globally, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).

 

What spreads does Axi offer?

Axi’s spreads vary by account type. The Standard Account offers spreads from around 0.7 pips with zero commission, while the Pro Account and Elite Account offer raw spreads from 0.0 pips plus a commission.

 

★★★★

Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

7. BlackBull Markets

 

★★★★

Minimum Deposit: $0 Regulated by: FMA Crypto: Yes

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BlackBull Markets is a regulated ESG-broker offering spreads from 0.8 pips on its Standard ECN account, and starting at 0.0 pips on its Prime and Institutional accounts, making it a competitive choice for tight-spread forex trading.

 

 

 

Frequently Asked Questions

 

What spreads does BlackBull Markets offer?

BlackBull Markets offers competitive spreads that vary by account type. The ECN Prime and ECN Institutional accounts provide the tightest spreads, starting from 0.0 pips, but charge a commission. The commission-free ECN Standard account has spreads starting from 0.8 pips.

 

Are commissions charged in addition to the spreads?

Yes, BlackBull Markets charges commissions in addition to spreads for two of its account types. The ECN Prime and ECN Institutional accounts feature tighter, raw spreads (from 0.0 pips) plus a fixed commission per lot. The ECN Standard account is commission-free, with costs built into a wider spread.

 

★★★★

Minimum Deposit: $0 Regulated by: FMA Crypto: Yes

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Final Score

 

 

 

8. FxPro

 

★★★★

Minimum Deposit: $100 Regulated by: FCA, CySEC, ASIC Crypto: Yes

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FxPro is a globally regulated broker offering variable spreads that depend on account type and platform. On its Standard MT4/MT5 accounts, spreads start around 1.2 pips, while its Raw/Elite accounts can begin from 0.0 pips (with commission).

 

 

 

Frequently Asked Questions

 

Is FxPro a legal forex broker?

Yes, FxPro is a legal and heavily regulated forex broker. It operates under multiple entities with licenses from top-tier global financial authorities, including the UK’s FCA and Cyprus’s CySEC, demonstrating strong regulatory compliance and a commitment to client fund safety.

 

Does FxPro charge commissions in addition to spreads?

Yes, FxPro’s commission structure depends on the account type. Standard MT4/MT5 accounts are commission-free, but have wider spreads. cTrader and Raw+ accounts offer much tighter spreads but charge a commission on Forex and Metals trades.

 

★★★★

Minimum Deposit: $100 Regulated by: FCA, CySEC, ASIC Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

9. FBS

 

★★★★★

Minimum Deposit: $5 Regulated by: FSC, CySEC, ASIC Crypto: Yes

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FBS offers floating spreads starting from 0.7 pips on major forex pairs such as EUR/USD. It also features zero-commission trading on many accounts, making it a cost-efficient option for traders.

 

 

 

Frequently Asked Questions

 

What spreads does FBS offer?

FBS offers both floating and fixed spreads, depending on the account type. Floating spreads on major Forex pairs can start as low as 0.7 pips on their Standard accounts. They also have a Zero Spread account, where you pay a commission instead of a spread.

 

Is FBS an approved forex broker?

Yes, FBS is a regulated forex broker. They operate with multiple licenses, including top-tier oversight from the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Services Commission (FSC) of Belize.

 

★★★★★

Minimum Deposit: $5 Regulated by: FSC, CySEC, ASIC Crypto: Yes

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Final Score

 

 

 

10. Tickmill

 

★★★★★

Minimum Deposit: $100 Regulated by: FCA, CySEC, FSA Crypto: Yes

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Tickmill is a globally regulated forex broker offering floating spreads. Their Raw/Pro account types feature spreads starting from 0.0 pips, while the Classic account begins from around 1.6 pips on major currency pairs.

 

 

 

Frequently Asked Questions

 

Is Tickmill a registered broker?

Yes, Tickmill is a registered and multi-regulated broker. It is overseen by several authorities, including the FCA (UK), CySEC (Cyprus), and the FSCA (South Africa), providing a high degree of regulatory oversight.

 

Does Tickmill charge commission in addition to the spread?

It depends on the account type. The Classic Account is commission-free but has wider spreads. The Raw Account charges a commission (e.g., $3 per side per lot for FX) in addition to very tight spreads.

 

★★★★★

Minimum Deposit: $100 Regulated by: FCA, CySEC, FSA Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

What are Spreads in Forex Trading?

In forex trading, a spread is the difference between the buy (ask) price and the sell (bid) price of a currency pair. It represents the broker’s fee or trading cost for executing a trade.

For example, if EUR/USD has a bid price of 1.1000 and an ask price of 1.1002, the spread is 2 pips.

 

Spreads can be:

• Fixed – staying constant regardless of market conditions.

• Variable (floating) – changing depending on liquidity and volatility.

 

Tighter spreads usually mean lower trading costs, which is why many traders prefer brokers offering low or zero-pip spreads for high-volume or scalping strategies.

 

Criteria for Choosing Forex Brokers by Spreads

 

 

 

Top 10 Best Forex Brokers by Spreads – A Direct Comparison

 

 

What Real Traders Want to Know!

Explore the Top Questions asked by real traders across the Globe. From fixed and variable spreads to why some brokers spreads are lower than others, we provide straightforward answers to help you understand spreads and choose the right broker confidently.

 

Q: What does a “0.0 pip spread” really mean, is it truly free to trade? – Sarah M.

 

Q: Which is better, fixed or variable spreads? – Lisa K.

 

Q: Why do some brokers have lower spreads than others? – Juan P.

 

Pros and Cons

 

 

 

You Might also Like:

 

• MultiBank Group Review
• IC Markets Review
• Pepperstone Review
• GO Markets Review
• Exness Review
• Axi Review
• BlackBull Markets Review
• FxPro Review
• FBS Review
• Tickmill Review

 

In Conclusion

Forex brokers by spreads offer traders transparent and cost-efficient trading conditions. Choosing brokers with tight, stable spreads helps reduce overall costs, improve trade precision, and support effective strategies for both beginners and experienced forex traders.