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10 Best Low-Spread Forex Brokers

Last Update: May 23rd, 2024

Lowest Spread Forex Brokers

 

The 10 Best Low Spread Forex Brokers revealed. Make traders opt for brokers offering low spreads; some firms even boast zero pips or lower rates. This is a complete guide to the Low-Spread 10 Best Forex Brokers

 

In this in-depth guide, you’ll learn:

  • List of the 10 Best Low Spread Forex Brokers.
  • How to Choose a Spread Forex Broker.
  • What is a zero % Spread Broker?
  • What is a Low Spread No Commission Forex Broker?
  • What is Low Spread Forex broker scalping?
  • Conclusion on 10 Best Low Spread Forex Brokers.
  • FAQs on 10 Best Low Spread Forex Brokers.

 

And lots more…

So, if you’re ready to go “all in” with 10 Best Low Spread Forex Brokers.

Let’s dive right in…

 

🏆 10 Best Forex Brokers

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

Low-Spread 10 Best Forex Brokers

  1. ☑️ Exness – Regulated by several top-tier financial authorities.
  2. ☑️ HFM – Multi-asset regulated and licensed global broker.
  3. ☑️ IC Markets – One of the most renowned Forex CFD providers.
  4. ☑️Pepperstone – Low Spread Broker.
  5. ☑️Tickmill – Is primarily a MetaTrader broker.
  6. ☑️CMC Markets – Best Customer Service.
  7. ☑️FXTM – Award-winning Broker.
  8. ☑️Axi – Global, multi-regulated broker.
  9. ☑️BDSwiss – Efficient order execution statistics.
  10. ☑️AvaTrade – Exceptional educational content.

 

Defining Low-Spread

The forex trading term “spread” is defined as the variation between the buy (ask) and sell (bid) prices of a currency pair, signifying compensation for brokers completing transactions by indirect commission rather than set fees.

It plays a crucial role in traders’ decisions since it affects their transaction costs, thereby impacting potential earnings; lower spreads imply less disparity between ask and bid rates, resulting in cheaper deals with greater profit margins.

A forex broker with low spreads charges competitive rates on currency pairs, sometimes reaching 0.0 pips for major pairs during certain market conditions.

Such brokers are particularly attractive to day traders and scalpers, as they require minimal price movement and need transaction costs minimized to protect their slim profit margins.

Additionally, going for a low spread can benefit those conducting high volumes of trades since a small decrease in spread could lead to significant long-term savings.

It is critical to realize that low spreads are often available on a broker’s ECN (Electronic Communication Network) or STP (Straight Through Processing) platforms, where the broker routes the trader’s orders directly to liquidity providers.

This may result in more fluctuating spreads, but it assures that traders get the market’s best available rates without markups.

However, traders should be aware that certain brokers may impose a fee on transactions in addition to or instead of a spread, which may increase the total cost of trading.

As a result, while comparing low-spread brokers, It is critical to analyze the complete pricing structure, including any commissions and other costs, to determine the actual cost of trading.

 

Top 10 Low Spread F0rex Brokers

👥 Best Spread Forex Brokers in the UK💰 Minimum Deposit⚖️ RegulatorsAccount Types
ExnessDepends on the payment method usedFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMAStandard, Standard Cent
HFM0 USDFSCA, CySEC, DFSA, FSA, FCA, FSC, CMACent, Premium, Zero, Pro
IC Markets200 USDASIC, CySEC, FSA, SCBcTrader, Raw Spread, Standard
Pepperstone200 AUDASIC, BaFin, CMA, CySEC, DFSA, FCA and SCBStandard, Razor
Tickmill100 USDSeychelles FSA, FCA, CySEC, LabuanPro, Classic, VIP
CMC Markets0 USDForex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, ETFsCFD, Spread Betting, Corporate
FXTM10 USDCySEC, FSCA, FCA, CMA, FSC MauritiusMicro, Advantage, Advantage Plus
Axi0 USDASIC, SVG FSA, FCA, FMA, DFSAStandard, Pro, Elite
BDSwiss10 USDCySEC, FSC, BaFIN, FSACent, Classic, VIP, Zero Spread
AvaTrade100 USDCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROCStandard Live Account

 

How to Choose a Low-Spread Broker

To ensure that the broker aligns with their trading strategy, skill level, and financial goals, traders must not solely rely on quoted spreads when selecting a low-spread forex broker. Below are some key factors to take into account.

 

Regulation and Security

Regulatory compliance and securing funds should be the foremost concerns when choosing a broker. Opting for a broker authorized by reputable bodies, such as FCA, ASIC, or CySEC, can help ensure honest trading practices and provide safety to traders.

In addition, selecting an authorized broker guarantees adherence to strict financial regulations and delivers some form of investor protection.

 

Overall Trading Cost

While low spreads are desirable, they should not be the only consideration to consider. Some brokers compensate for low spreads by charging higher charges or fees for deposits and withdrawals.

To estimate the real cost of trading with a certain broker, the whole cost of trading must be calculated, considering spreads, commissions, and any additional expenses.

 

Execution Speed and Slippage

Fast execution speeds are crucial for capitalizing on trading opportunities, particularly for strategies that depend on swift market entrance and exit.

A broker that offers high-speed transaction execution may assist in reducing slippage—the gap between a deal’s estimated price and the price at which it is completed. Slippage considerably influences trading costs and results, particularly in turbulent markets.

 

Customer Support

Efficient customer assistance is critical, particularly in fast-moving markets or amid technological challenges. Access to competent and timely assistance in your favorite language, available 24 hours a day, may considerably improve the trading experience.

 

Educational Resources and Market Research

Traders who seek to improve their capabilities and stay abreast of market conditions can benefit greatly from brokers providing comprehensive educational materials and contemporary market analyses.

 

Account Types and Minimum Deposits

Brokers often provide a variety of account types, each with its own spread, leverage, and minimum deposit requirements.

Determine if the broker offers an account corresponding to your investment amount and risk tolerance. Beginners may select a broker that offers micro or mini accounts, which allow for trading with less cash and risk exposure.

 

Platform and Tools

Because the trading platform serves as the trader’s entry point into the markets, it must be user-friendly, reliable, and equipped with the analytical tools required to make educated judgments.

Many traders choose platforms like MetaTrader 4 or 5 due to their comprehensive features, customization choices, and dependability. Consider if the broker provides proprietary platforms with unique features that might help your trading technique.

 

Low-Spread Brokers Review

Low Spreads

To successfully navigate the world of forex trading, it is crucial to be well-versed in the various tools and platforms that can help bolster profitability.

Among these resources, selecting a reputable, low-spread broker is especially valuable for those seeking to minimize trading costs while maximizing returns.

Our “Low-Spread Brokers Review” section comprehensively evaluates top brokers renowned for their competitive spread options. Our analysis goes beyond mere numbers.

Instead, we carefully examine each broker’s service quality, regulatory compliance status, offered trading platforms and support systems, and overall market conditions.

We strive to equip traders with all the necessary information to empower them to make knowledgeable decisions by helping them identify brokers best suited for their unique needs and financial objectives.

 

Exness

A renowned forex broker, Exness offers transparent trading conditions and an extensive range of trade products. Their ECN account caters to high-volume traders looking for direct market access with ultra-low spreads starting at as little as 0.0 pips on major currency pairs.

Exness

 

Exness Summary

🔎 BrokerExness
📉 RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA
📌 Account TypesStandard, Standard Cent, Raw Spread, Zero, Pro, Demo, Islamic
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5, Exness Terminal, Exness App
🪙 CommoditiesYes
⚙️ InstrumentsForex, Commodities, Stocks, Indices, Cryptocurrencies
💵 Minimum Deposit10 USD
👉 Open an Account
👉 Click Here

 

Pros and Cons of Exness

✔️ Pros❌ Cons
Exness offers unlimited leverage according to the account balanceBeginners may not have access to a wealth of instructional materials
Major forex pairs have ultra-low spreads starting at 0.0 pipsECN accounts may have larger minimum deposits
Entry-level accounts are commission-freeTraders are restricted to using MetaTrader
Withdrawals are instant, making it convenient for tradersExness charges variable spreads, which could widen substantially during volatile market times

 

HFM

HFM offers a comprehensive selection of trading services on a global scale as a brokerage company. Their focus is centered around the low-spread market, highlighted by their Zero Spread Account, which specifically caters to high-frequency traders and scalpers with whom they actively compete.

HFM

HFM Summary

🔎 Broker🥇 HFM
📉 RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
📌 Account TypesCent, Premium, Zero, Pro
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5, HF App
🪙 CommoditiesYes
⚙️ InstrumentsForex, Precious Metals, Energies, Indices, Shares, Commodities, Crypto CFDs, Bonds, ETFs
💵 Minimum DepositFrom 0 USD for Account Opening, $5 when using a Credit/Debit Card or Skrill
👉 Open an Account
👉 Click Here

 

Pros and Cons of HFM

✔️ Pros❌ Cons
The HFM Zero Spread Account allows for low-cost tradingAccounts with low spreads have commission fees
Multiple top-tier officials oversee HFM, and the broker has licenses in most regions globallyThe entry-level accounts do not have tight spreads
There is a diverse choice of account types to accommodate different trading strategies and skill levelsHFM is a MetaTrader-only broker
Extensive educational and research resources are offered on the HFM websiteCFDs on crypto are not available to all regions
Good customer support and service is available across channels from HFM

 

IC Markets

With its pure ECN trading environment, IC Markets is famous for providing the industry’s most favorable spreads. For expert and seasoned traders, they offer currency pairs with as low as 0.0 pips spread rates catering to their needs meticulously.

IC Markets

IC Markets Summary

🔎 BrokerIC Markets
📉RegulationASIC, CySEC, FSA, SCB
📌Account TypescTrader, Raw Spread, Standard
🖱️ PlatformsMT4, MT5, cTrader, IC Social, Signal Start, ZuluTrade
🪙 CommoditiesYes
⚙️InstrumentsForex, commodities, indices, bonds, crypto, stocks, futures
💴Minimum Deposit200 USD
👉 Open an Account
👉 Click Here

 

Pros and Cons of IC Markets

✔️ Pros❌ Cons
IC Markets is a True ECN broker charging zero-pip spreadsECN accounts incur commission fees
Traders can expect deep liquidity where spreads remain narrow regardless of high-volatility marketsHigh-frequency trading, like scalping, requires a higher minimum deposit
There are no restrictions on the trading strategies that can be usedBeginners may find the IC Markets platform confusing
IC Markets offers both MetaTrader and cTrader
IC Markets has a solid regulatory framework

 

Pepperstone

This is a renowned broker that prioritizes affordable trading, offers tight spreads, and employs a no-dealing desk approach. Pepperstones expertise lies in technology, enabling prompt execution and minimizing latency during trades.

Pepperstone

Pepperstone Summary

🔎 BrokerPepperstone
📉RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
📌Account TypesStandard, Razor
🖱️ PlatformsTradingView, MT4, MT5, cTrader, Capitalise.ai
🪙 CommoditiesYes
⚙️InstrumentsForex, commodities, indices, currency indices, crypto, shares, ETFs
💴Minimum Deposit200 AUD
👉 Open Account👉 Open Account

 

Pros and Cons of Pepperstone

✔️ Pros❌ Cons
Pepperstone’s spreads start from 0.0 pips on the Razor AccountThe Razor Account has commission fees
Pepperstone is a Non-Dealing Desk Broker, ensuring transparencyThe product portfolio is limited compared to other brokers
There are multiple trading platforms offered, including MetaTrader and cTraderPepperstone does not have proprietary trading software
There are comprehensive educational resources

 

Tickmill

They cater to the needs of novice and skilled traders by delivering a clear-cut trading atmosphere with economical spreads and fees. Tickmill offer an attractive proposition for those searching for budget-friendly trading alternatives.

Tickmill

Tickmill Summary

🔎 BrokerTickmill
📉RegulationSeychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA
📌Account TypesPro, Classic, VIP
🖱️ PlatformsMT4, MT5, Tickmill App
🪙 CommoditiesYes
⚙️InstrumentsForex, stock indices, energy indices, precious metals, bonds, crypto, stocks, ETFs
💴Minimum Deposit100 USD
👉 Open Account👉 Open Account

 

Pros and Cons of Tickmill

✔️ Pros❌ Cons
Tickmill’s competitive spreads start from 0.0 pips on the Pro and VIP accountsThere is a limited portfolio of non-Forex instruments
There are low commission fees chargedTickmill only offers MetaTrader as the main platform
Tickmill is well-regulated by several entities
Tickmill has renowned customer support
Tickmill does not have requotes and allows all trading strategies

 

CMC Markets

This is a renowned worldwide supplier recognized for its diverse trading products and cutting-edge trading platform. CMC Markets provides attractive spreads, particularly on key forex pairings, using their Next Generation platform.

CMC Markets

CMC Markets Summary

🔎 BrokerCMC Markets
📉RegulationBaFin, FCA, ASIC, MAS, FMA, IIROC, DFSA
📌Account TypesCFD, Spread Betting, Corporate
🖱️ PlatformsMT4, NextGen, CMC Markets App
🪙 CommoditiesYes
⚙️InstrumentsForex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, ETFs
💴Minimum Deposit0 USD
👉 Open Account👉 Open Account

 

Pros and Cons of CMC Markets

✔️ Pros❌ Cons
CMC Markets' competitive spreads are across several markets and instrumentsThere are limited account types
There is an advanced proprietary trading platformSome exotic forex pairs have wider spreads
There is comprehensive education and research

 

FXTM

It is a dynamic broker that offers competitive spreads and prioritizes education and client service. FXTM provide a variety of account kinds, including ones with tight spreads for skilled traders.

FXTM

FXTM Summary

🔎 BrokerFXTM
📉RegulationCySEC, FSCA, FCA, CMA, FSC Mauritius
📌Account TypesMicro, Advantage, Advantage Plus
🖱️ PlatformsMT4, MT5, FXTM Trader
🪙 CommoditiesYes
⚙️InstrumentsForex, Forex indices, spot metals, CFD Kenyan stocks, Kenya stocks, CFD US Stocks, US Stocks, Hong Kong Stocks, CFD EU Stocks, spot commodities, spot indices, spot baskets, crypto CFDs
💴Minimum Deposit10 USD
👉 Open Account👉 Open Account

 

Pros and Cons of FXTM

✔️ Pros❌ Cons
FXTM’s ECN execution accounts have tight, competitive spreadsEntry-level accounts have wide spreads
There are several educational materials and trading resources availableFXTM is a MetaTrader-only broker
FXTM offers flexible deposit and withdrawal methods
FXTM has a solid regulatory framework

 

Axi

Specializing in forex and CFD trading, Axi is a brokerage firm that endeavors to give traders an edge through its fast execution speeds and tight spreads. Its Pro accounts offer low spreads as part of the company’s strategy to cater competitively to traders’ needs.

Axi

Axi Summary

🔎 BrokerAxi
📉RegulationASIC, SVG FSA, FCA, FMA, DFSA
📌Account TypesStandard, Pro, Elite
🖱️ PlatformsMT4
🪙 CommoditiesYes
⚙️InstrumentsForex, share CFDs, indices, commodities, oil, precious metals, crypto CFDs, CFDs, IPOs
💴Minimum Deposit0 USD
👉 Open Account👉 Open Account

 

Pros and Cons of Axi

✔️ Pros❌ Cons
Traders can expect zero-pip spreads from Axi on major forex pairsCommission fees apply to low-spread accounts
Axi does not charge deposit or withdrawal feesAxi only offers MetaTrader
There is multi-regulation, ensuring that Axi is a trustworthy brokerSome exotic forex pairs have wide spreads
There is a dedicated focus on trading technology and customer service

 

BDSwiss

Known for its user-friendly features and a broad range of trading choices, BDSwiss is a well-regarded brokerage firm throughout Europe. They offer competitive spreads, particularly on VIP and Raw accounts, that attract novice traders and established professionals.

BDSwiss

BDSwiss Summary

🔎 BrokerBDSwiss
📉RegulationCySEC, FSC, BaFIN, FSA
📌Account TypesCent, Classic, VIP, Zero Spread
🖱️ PlatformsMT4, MT5, BDSwiss mobile, BDSwiss web
🪙 CommoditiesYes
⚙️InstrumentsForex, commodities, shares, indices, crypto CFDs
💴Minimum Deposit10 USD
👉 Open Account👉 Open Account

 

Pros and Cons of BDSwiss

✔️ Pros❌ Cons
The VIP and Raw Accounts have the tightest spreadsThe entry-level accounts have wider spreads
BDSwiss has an impressive range of trading instrumentsBDSwiss restricts its services in several countries, including the United States
The xStation platform is user-friendly
BDSwiss offers mobile trading
BDSwiss’ customer support is praised for their responsiveness

 

AvaTrade

The Broker sets itself apart from the competition due to its wide range of trading platforms and products, offering forex, CFDs, and cryptocurrency. AvaTrade provision of fixed and variable spreads allows flexibility in meeting various trading preferences and strategies.

AvaTrade

AvaTrade Summary

🔎 BrokerAvaTrade
📉RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
📌Account TypesStandard Live Account
🖱️ PlatformsAvaTrade web, AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade
🪙 CommoditiesYes
⚙️InstrumentsForex, stocks, commodities, cryptocurrencies, treasuries, bonds, indices, ETFs, Options, CFDs, precious metals
💴Minimum Deposit100 USD
👉 Open Account👉 Open Account

 

Pros and Cons of AvaTrade

✔️ Pros❌ Cons
Fix spreads from AvaTrade to ensure cost stabilityAvaTrade’s fixed spreads are wider than those charged by other brokers
AvaTrade offers a range of trading platforms, each with unique featuresInactivity fees are charged on dormant accounts
Traders can expect transparent trading conditions and a safe trading environment
AvaTrade is known for its comprehensive educational materials
AvaTrade has strict regulatory supervision

 

Low-Spread-Forex-Brokers 2

 

Conclusion

Choosing the best low-spread forex broker isn’t an easy choice.  The brokers listed focus and prioritized tight spreads. Look at your own needs when making your decision on the best broker.

FAQs

If your trading technique is effective, you can save money while potentially increasing your profits.

However, they often charge fees rather than spreads and may have higher account restrictions.

A Low-Spread broker is a financial service provider who trades various financial instruments, including forex and stocks, with minor discrepancies between buying and selling prices, lowering trading expenses for traders. These brokers are particularly appealing to high-frequency traders and those who use methods that need frequent trading.

Low-spread trading requires a broker who provides the essential platform and access to financial markets for completing transactions, including competitive spreads.

Choosing the best low-spread broker is determined by several aspects, including the broker’s regulatory compliance, platform stability, client service, and overall trading costs. Furthermore, some of the best low-spread brokers are Exness, HFM, AvaTrade, Tickmill, Pepperstone, IC Markets, etc.

These brokers have tight spreads, reducing trading expenses for regular traders.

They may have greater minimum deposits or fees than fixed-spread brokers

Regulated brokers like Exness and AvaTrade provide user-friendly interfaces and instructional tools.

Brokers such as Tickmill and IC Markets provide high liquidity and minimal transaction commissions.