Lowest Spread Forex Brokers

zero spread low commission brokers
Choosing low-spread forex trading is important, especially for scalping forex traders. The lowest spread forex brokers are getting extremely popular since this trading technique allows several open deals in a day. Commissions can even go up to 100 pips. Some traders opt for this approach to cut costs on forex operations.

Since there are low spreads, financial losses are expected to decrease, which favors the basic principle – to secure profit and gain personal funds. Still undecided which broker to choose, this article makes things handy for you. See some of the best lowest spread forex brokers below.

Top Zero Spread Forex Brokers

Broker
Rating
Regulated
Min. Deposit
Demo
Max. Leverage
1.
Admiral Markets

FCA, CySEC, ASIC

Min $100 Deposit

1:500

Review » Visit » Visit
Terms & conditions apply
Risk warning: Trading Forex (foreign exchange) or CFDs (contracts for difference) on margin carries a high level of risk and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Before using Admiral Markets UK Ltd, Admiral Markets Cyprus Ltd, Admiral Markets AS Jordan Ltd or Admiral Markets Pty Ltd services, please acknowledge all of the risks associated with trading.
2.
Deriv

VFSC, FSC, IBFC

Min $5 Deposit

1 000:1

Review » Visit » Visit
Terms & conditions apply
CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
3.
ActivTrades

FCA

Min $100 Deposit

50:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4.
Vantage FX

FCA, ASIC, CIMA, SIBL

Min $200 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
5.
XM Broker

ASIC, IFSC, DFSA, CySEC

Min $5 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.28% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
6.
Blackbull Markets

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
7.
Fusion Markets

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
8.
Eightcap Review

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment).
9.
Libertex

CySec

Min $100 Deposit

30:1

Review » Visit » Visit
Terms & conditions apply
Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. 83% of retail investor accounts lose money when trading CFDs with this provider. Trading such products is risky and you may lose all of your invested capital.
10.
Capital.com

FCA, CySEC

Min $20 Deposit

30:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Lowest Spread Forex Brokers Reviewed

Pepperstone

Pepperstone Logo
Pepperstone is one of the top brokers with no commissions and has the tightest spreads. The standard account provides spreads of as low as 0.6 pips for a USD/EUR pair and requires no commission trading charges. This broker is considered to be a reliable and safe forex trading platform, which is trusted by several clients worldwide.

It has fast execution speeds through the famous MetaTrader 4 and 5 and cTrader platforms. It has various account types to address every trading style and leads the list for the best broker with the lowest spread ratio. In some cases, especially during high liquidity situations, the broker spread can drop to zero, having an average spread of 0.09 pips.

Fpmarkets Logo

Min $0 Deposit

Regulated By: ASIC, FCA, SCB, CySEC, BaFIN, CMA, DFSA

Foundation Year: 2010

Headquarters: Melbourne, Australia


Terms & conditions apply
74-89% of retail CFD accounts lose money.

IC Markets

IC Markets Logo
This is another Australian broker which provides access to more than 230 tradable instruments, all with no spreads during particular market times. IC Markets makes it to the list of best forex brokers with a low spread ratio, having an average spread of 0.1 pip. The great spreads combined with a fast ECN execution make IC Markets the top forex broker, especially for scalpers.

Regardless of whether you are new to trading or a veteran in the industry, you can count on IC Markets to bring transparency and trustworthiness while providing access without having to require a minimum deposit from its clients.

IC Markets Logo

Min $200 Deposit

Regulated By: FSA, ASIC, CySEC

Foundation Year: 2007

Headquarters: Sydney, Australia


Terms & conditions apply
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fusion Markets

Fusion Markets Logo
This low-spread forex company is famous for maintaining trading costs and other charges as low as possible while maintaining a very accessible and efficient operation. Fusion Markets have regulations in place from both the ASIC in Australia and VFSC in Vanuatu.

Compared to other providers, Fusion Markets have been in the industry for a short time. However, they have quickly become a forex broker choice for most traders. You can find a spread starting from 0 pips when trading forex using a broker and an average of 0.09 pips on USD/EUR trading. It also has one of the lowest commissions of $4.50 for each round turn to trade, depending on your account type.

Fusion Markets Logo

Min $0 Deposit

Regulated By: FSC, ASIC

Foundation Year: 2017

Headquarters: Victoria, Australia


Terms & conditions apply
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXPro

FxPro Logo
This forex broker from the United Kingdom holds the reputation for executing more than 250 million dollars so far. It has spreads that can go as low as zero pips on certain pairs, with an average of 045 pips. Besides its reputation for maintaining trading costs at a very low margin, FXPro is one of the most awarded and respected forex brokers in the trading industry.

They operate as a top NDD broker and are very famous with any trader type. To specifically put it, FXPro adopts the straight-through technology or STP in trade execution. The adopted technology led to zero requotes on 99.32% of the trades. It also led to fast execution speeds, with several orders processed in 11.06 milliseconds.

FxPro Logo

Min $100 Deposit

Regulated By: FCA, FSCA, SCB, CySEC

Foundation Year: 2006

Headquarters: London, United Kingdom


Terms & conditions apply
86.32% of retail CFD accounts lose money.

OctaFX

OctaFX Logo
OctaFX’s mission is to lessen costs and, at the same time, optimize traders’ profits. It provides spread ranges from a minimum of 0.4 pips to an average of 0.45 pips. It’s a multi-awarded low spread forex broker that brings accessibility to both new and veteran traders. OctaFX may be famous to Asian traders, but they cater to all traders and markets globally and maintain a significant client following. One feature that attracts traders to this broker is the low minimum deposit of $100 and the wide range of 28 forex currency pairs. Traders will also choose variable or fixed spreads, which is something not provided by most forex brokers.

OctaFX Logo

Min $100 Deposit

Regulated By: CySEC, FSA SVG

Foundation Year: 2011

Headquarters: Kingstown, Vincent and the Grenadines


Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 54.54% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Conclusion

While the lowest spread forex brokers will always be beneficial to traders, it is still essential for you to understand and read the fine print on what to look for when choosing ecn forex brokers with lowest spread. In some rare cases, there can be zero spread offerings, which can also be marketing gimmicks to lure traders.

Low Spread FAQs

What does a low spread mean in forex?

The spread means the mark-up commission given by forex brokers to a forex pair. If you have been in the trading industry for a long time, you know that the average spread lies between one and three pips on the most significant forex pairs. A low forex spread lies below the mentioned average.

How do you calculate forex spreads?

The word ‘spread’ in forex is now very common. It is a crucial figure to determine trading costs. The spread is defined as the difference between the sell/bid price of an asset. You can encounter spreads in pips or Percentage In Points.
One pip means a one-point movement in the market value based on the fourth decimal place of a specific currency pair. See the example below:

  • bid/ask of 1.07325/ 1.07330 (0.5 pips spread)
  • bid/ask of 1.07325/ 1.07335 (1 pip spread)

Is low spread worth it?

The spread is a commission from a broker, so having a lower spread is always beneficial for traders. Low spreads can also be necessary when you wish to employ trading techniques like scalping. You just need to study the broker offering thoroughly to avoid any unnecessary commission types in place of spreads.

How do you consider a good spread?

Remember that the closer the spread is to zero, the better. Better choose those that usually have an average spread of below one pip.

Is forex trading possible without using a broker?

No, forex trading is done within a brokerage account that provides you with a particular leverage degree, together with access to trading platforms and a selection of currency pairs.

About James Johnson
About James Johnson

Expert in Economics, Trading, Investments and Personal Finance. Graduated in 2001 in Business Economics and Management at Harvard University. After several years of working in the foreign exchange trading industry, I co-founded Forex Online Brokers in 2015 with the aim of distributing my personal knowledge and professional experiences in the field of trading and investments in general.