10 Best Low-Spread Forex Brokers
Last Update: April 7th, 2024
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
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | SFSA, FSCA, CySec* | USD 5 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | Not Regulated | 0.001 BTC | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | CySEC,MISA, FSCA | USD 20 | Visit Broker >> |
Low-Spread 10 Best Forex Brokers
- ☑️ Exness – Regulated by several top-tier financial authorities.
- ☑️ HFM – Multi-asset regulated and licensed global broker.
- ☑️ IC Markets – One of the most renowned Forex CFD provider.
- ☑️Pepperstone – Low Spread Broker.
- ☑️Tickmill – Is primarily a MetaTrader broker.
- ☑️CMC Markets – Best Customer Service.
- ☑️FXTM – Award-winning Broker.
- ☑️Axi – Global, multi-regulated broker.
- ☑️BDSwiss – Efficient order execution statistics.
- ☑️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 | ⚖️ Regulators | Account Types |
| Exness | Depends on the payment method used | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA | Standard, Standard Cent |
| HFM | 0 USD | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA | Cent, Premium, Zero, Pro |
| IC Markets | 200 USD | ASIC, CySEC, FSA, SCB | cTrader, Raw Spread, Standard |
| Pepperstone | 200 AUD | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB | Standard, Razor |
| Tickmill | 100 USD | Seychelles FSA, FCA, CySEC, Labuan | Pro, Classic, VIP |
| CMC Markets | 0 USD | Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, ETFs | CFD, Spread Betting, Corporate |
| FXTM | 10 USD | CySEC, FSCA, FCA, CMA, FSC Mauritius | Micro, Advantage, Advantage Plus |
| Axi | 0 USD | ASIC, SVG FSA, FCA, FMA, DFSA | Standard, Pro, Elite |
| BDSwiss | 10 USD | CySEC, FSC, BaFIN, FSA | Cent, Classic, VIP, Zero Spread |
| AvaTrade | 100 USD | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC | Standard 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
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 Summary
| 🔎 Broker | Exness |
| 📉 Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
| 📌 Account Types | Standard, Standard Cent, Raw Spread, Zero, Pro, Demo, Islamic |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness App |
| 🪙 Commodities | Yes |
| ⚙️ Instruments | Forex, Commodities, Stocks, Indices, Cryptocurrencies |
| 💵 Minimum Deposit | 10 USD |
| 👉 Open an Account | 👉 Click Here |
Pros and Cons of Exness
| ✔️ Pros | ❌ Cons |
| Exness offers unlimited leverage according to the account balance | Beginners may not have access to a wealth of instructional materials |
| Major forex pairs have ultra-low spreads starting at 0.0 pips | ECN accounts may have larger minimum deposits |
| Entry-level accounts are commission-free | Traders are restricted to using MetaTrader |
| Withdrawals are instant, making it convenient for traders | Exness 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 Summary
| 🔎 Broker | 🥇 HFM |
| 📉 Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 📌 Account Types | Cent, Premium, Zero, Pro |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, HF App |
| 🪙 Commodities | Yes |
| ⚙️ Instruments | Forex, Precious Metals, Energies, Indices, Shares, Commodities, Crypto CFDs, Bonds, ETFs |
| 💵 Minimum Deposit | From 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 trading | Accounts with low spreads have commission fees |
| Multiple top-tier officials oversee HFM, and the broker has licenses in most regions globally | The entry-level accounts do not have tight spreads |
| There is a diverse choice of account types to accommodate different trading strategies and skill levels | HFM is a MetaTrader-only broker |
| Extensive educational and research resources are offered on the HFM website | CFDs 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 Summary
| 🔎 Broker | IC Markets |
| 📉Regulation | ASIC, CySEC, FSA, SCB |
| 📌Account Types | cTrader, Raw Spread, Standard |
| 🖱️ Platforms | MT4, MT5, cTrader, IC Social, Signal Start, ZuluTrade |
| 🪙 Commodities | Yes |
| ⚙️Instruments | Forex, commodities, indices, bonds, crypto, stocks, futures |
| 💴Minimum Deposit | 200 USD |
| 👉 Open an Account | 👉 Click Here |
Pros and Cons of IC Markets
| ✔️ Pros | ❌ Cons |
| IC Markets is a True ECN broker charging zero-pip spreads | ECN accounts incur commission fees |
| Traders can expect deep liquidity where spreads remain narrow regardless of high-volatility markets | High-frequency trading, like scalping, requires a higher minimum deposit |
| There are no restrictions on the trading strategies that can be used | Beginners 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, prioritize affordable trading, offering tight spreads and employing a no-dealing desk approach. Pepperstones expertise lies in technology, enabling prompt execution and minimizing latency during trades.
Pepperstone Summary
| 🔎 Broker | Pepperstone |
| 📉Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| 📌Account Types | Standard, Razor |
| 🖱️ Platforms | TradingView, MT4, MT5, cTrader, Capitalise.ai |
| 🪙 Commodities | Yes |
| ⚙️Instruments | Forex, commodities, indices, currency indices, crypto, shares, ETFs |
| 💴Minimum Deposit | 200 AUD |
| 👉 Open Account | 👉 Open Account |
Pros and Cons of Pepperstone
| ✔️ Pros | ❌ Cons |
| Pepperstone’s spreads start from 0.0 pips on the Razor Account | The Razor Account has commission fees |
| Pepperstone is a Non-Dealing Desk Broker, ensuring transparency | The product portfolio is limited compared to other brokers |
| There are multiple trading platforms offered, including MetaTrader and cTrader | Pepperstone 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 Summary
| 🔎 Broker | Tickmill |
| 📉Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA |
| 📌Account Types | Pro, Classic, VIP |
| 🖱️ Platforms | MT4, MT5, Tickmill App |
| 🪙 Commodities | Yes |
| ⚙️Instruments | Forex, stock indices, energy indices, precious metals, bonds, crypto, stocks, ETFs |
| 💴Minimum Deposit | 100 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 accounts | There is a limited portfolio of non-Forex instruments |
| There are low commission fees charged | Tickmill 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 provide attractive spreads, particularly on key forex pairings, using their Next Generation platform.
CMC Markets Summary
| 🔎 Broker | CMC Markets |
| 📉Regulation | BaFin, FCA, ASIC, MAS, FMA, IIROC, DFSA |
| 📌Account Types | CFD, Spread Betting, Corporate |
| 🖱️ Platforms | MT4, NextGen, CMC Markets App |
| 🪙 Commodities | Yes |
| ⚙️Instruments | Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, ETFs |
| 💴Minimum Deposit | 0 USD |
| 👉 Open Account | 👉 Open Account |
Pros and Cons of CMC Markets
| ✔️ Pros | ❌ Cons |
| CMC Markets' competitive spreads are across several markets and instruments | There are limited account types |
| There is an advanced proprietary trading platform | Some 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 Summary
| 🔎 Broker | FXTM |
| 📉Regulation | CySEC, FSCA, FCA, CMA, FSC Mauritius |
| 📌Account Types | Micro, Advantage, Advantage Plus |
| 🖱️ Platforms | MT4, MT5, FXTM Trader |
| 🪙 Commodities | Yes |
| ⚙️Instruments | Forex, 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 Deposit | 10 USD |
| 👉 Open Account | 👉 Open Account |
Pros and Cons of FXTM
| ✔️ Pros | ❌ Cons |
| FXTM’s ECN execution accounts have tight, competitive spreads | Entry-level accounts have wide spreads |
| There are several educational materials and trading resources available | FXTM 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 Summary
| 🔎 Broker | Axi |
| 📉Regulation | ASIC, SVG FSA, FCA, FMA, DFSA |
| 📌Account Types | Standard, Pro, Elite |
| 🖱️ Platforms | MT4 |
| 🪙 Commodities | Yes |
| ⚙️Instruments | Forex, share CFDs, indices, commodities, oil, precious metals, crypto CFDs, CFDs, IPOs |
| 💴Minimum Deposit | 0 USD |
| 👉 Open Account | 👉 Open Account |
Pros and Cons of Axi
| ✔️ Pros | ❌ Cons |
| Traders can expect zero-pip spreads from Axi on major forex pairs | Commission fees apply to low-spread accounts |
| Axi does not charge deposit or withdrawal fees | Axi only offers MetaTrader |
| There is multi-regulation, ensuring that Axi is a trustworthy broker | Some 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 Summary
| 🔎 Broker | BDSwiss |
| 📉Regulation | CySEC, FSC, BaFIN, FSA |
| 📌Account Types | Cent, Classic, VIP, Zero Spread |
| 🖱️ Platforms | MT4, MT5, BDSwiss mobile, BDSwiss web |
| 🪙 Commodities | Yes |
| ⚙️Instruments | Forex, commodities, shares, indices, crypto CFDs |
| 💴Minimum Deposit | 10 USD |
| 👉 Open Account | 👉 Open Account |
Pros and Cons of BDSwiss
| ✔️ Pros | ❌ Cons |
| The VIP and Raw Accounts have the tightest spreads | The entry-level accounts have wider spreads |
| BDSwiss has an impressive range of trading instruments | BDSwiss 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 Summary
| 🔎 Broker | AvaTrade |
| 📉Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
| 📌Account Types | Standard Live Account |
| 🖱️ Platforms | AvaTrade web, AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade |
| 🪙 Commodities | Yes |
| ⚙️Instruments | Forex, stocks, commodities, cryptocurrencies, treasuries, bonds, indices, ETFs, Options, CFDs, precious metals |
| 💴Minimum Deposit | 100 USD |
| 👉 Open Account | 👉 Open Account |
Pros and Cons of AvaTrade
| ✔️ Pros | ❌ Cons |
| Fix spreads from AvaTrade to ensure cost stability | AvaTrade’s fixed spreads are wider than those charged by other brokers |
| AvaTrade offers a range of trading platforms, each with unique features | Inactivity 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 |
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 of the best broker.
Frequently Asked Questions
What are the benefits of using a low-spread broker?
If your trading technique is effective, you can save money while potentially increasing your profits.
Are there any zero-spread forex brokers?
Yes, however, they often charge fees rather than spreads and may have higher account restrictions.
What is a Low-Spread broker?
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.
Can I trade Low-Spread without a broker?
Low-spread trading requires a broker who provides the essential platform and access to financial markets for completing transactions, including competitive spreads.
Who is the best Low-Spread broker?
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.
What are low-spread forex brokers?
These brokers have tight spreads, reducing trading expenses for regular traders.
What are the drawbacks of using a low-spread broker?
They may have greater minimum deposits or fees than fixed-spread brokers.
What are the best low-spread forex brokers for beginners?
Regulated brokers like Exness and AvaTrade provide user-friendly interfaces and instructional tools.
What are the best low-spread forex brokers for high-volume trading?
Brokers such as Tickmill and IC Markets provide high liquidity and minimal transaction commissions.
Top 4 Brokers
