Spreads are the difference between the selling and buying prices of tradable assets when you execute trades. In simpler terms, they represent the fees your broker charges for executing those trades. For this reason, most professional traders prefer trading with low spread brokers to reduce trading costs and maximize profits. The following are our top 10 best low spread forex brokers.
Best Low Spread Forex Brokers
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4.6
/ 5
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76-78% of retail investor accounts lose money when trading CFDs with this provider.
Specialized trading accounts
24/7 instant money withdrawal
Pros
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Top-Tier Regulation
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Low Forex Fees
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No Withdrawal Fees
Cons
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High Stock CFD Fees
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Limited Product Portfolio
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User Interface Could Be More Intuitive
Withdrawal fee
$0
Deposit fee
4.2
Max leverage
1:50
Min deposit
100$
Top Regulators
FCA, CFTC, NFA, CIRO, CIMA, CYSEC
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trusted
Available in
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Specialized trading accounts
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24/7 instant money withdrawal
Pros
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Top-Tier Regulation
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Low Forex Fees
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No Withdrawal Fees
Cons
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High Stock CFD Fees
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Limited Product Portfolio
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User Interface Could Be More Intuitive
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:50
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76-78% of retail investor accounts lose money when trading CFDs with this provider.
Exceptional Execution
US Clients
Scalping
Pros
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OANDA is among the few international online forex brokers that accept U.S. clients.
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The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.
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OANDA does not require a fixed initial deposit on the standard account.
Cons
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OANDA’s financial offerings have some irregularities that may only suit some traders
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-Trading on OANDA may incur several fees, including a monthly inactivity fee
Withdrawal fee
N/A
Deposit fee
4
Max leverage
1:50
Min deposit
N/A
Top Regulators
CFTC, NFA
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trusted
Available in
2
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Exceptional Execution
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US Clients
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Scalping
Pros
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OANDA is among the few international online forex brokers that accept U.S. clients.
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The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.
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OANDA does not require a fixed initial deposit on the standard account.
Cons
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OANDA’s financial offerings have some irregularities that may only suit some traders
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-Trading on OANDA may incur several fees, including a monthly inactivity fee
- Withdrawal feeN/A
- Deposit feeN/A
- Max Leverage1:50
Pros
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Regulated by Top-Tier Authorities
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User-Friendly Proprietary Platform
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Competitive Spreads for Active Traders
Cons
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Limited Product Portfolio
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High Bank Withdrawal Fees
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No Two-Step Authentication on Trading Platforms
Withdrawal fee
N/A
Deposit fee
4.1
Max leverage
N/A
Min deposit
N/A
Top Regulators
N/A
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Available in
3
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Pros
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Regulated by Top-Tier Authorities
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User-Friendly Proprietary Platform
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Competitive Spreads for Active Traders
Cons
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Limited Product Portfolio
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High Bank Withdrawal Fees
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No Two-Step Authentication on Trading Platforms
- Withdrawal feeN/A
- Deposit feeN/A
- Max LeverageN/A
Proprietary Trading Platform
Advanced Analytical Tools
Pros
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Ventorus offers multiple account types, allowing traders to choose an account that fits their specific needs and experience levels.
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With a maximum leverage of up to 1:400, traders can control larger positions with smaller amounts of capital, which can significantly amplify potential profits.
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The broker provides low spreads, starting at an impressively low 0.03 pips, ensuring cost-effective trading conditions.
Cons
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Ventorus is that it is not regulated by a tier-one financial regulator.
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Additionally, the platform lacks educational materials, which can be a significant drawback for beginners who need guidance.
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Ventorus does not support MetaTrader 4 and MetaTrader 5 platforms, which are popular among traders for their advanced features.
Withdrawal fee
3.5% or 30 USD
Deposit fee
3.8
Max leverage
1:400
Min deposit
$250
Top Regulators
No
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Available in
4
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Proprietary Trading Platform
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Advanced Analytical Tools
Pros
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Ventorus offers multiple account types, allowing traders to choose an account that fits their specific needs and experience levels.
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With a maximum leverage of up to 1:400, traders can control larger positions with smaller amounts of capital, which can significantly amplify potential profits.
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The broker provides low spreads, starting at an impressively low 0.03 pips, ensuring cost-effective trading conditions.
Cons
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Ventorus is that it is not regulated by a tier-one financial regulator.
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Additionally, the platform lacks educational materials, which can be a significant drawback for beginners who need guidance.
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Ventorus does not support MetaTrader 4 and MetaTrader 5 platforms, which are popular among traders for their advanced features.
- Withdrawal fee3.5% or 30 USD
- Deposit feeNo
- Max Leverage1:400
Specialized trading accounts
PayPay for deposit
Pros
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High leverage options (up to 1:1000) for experienced traders.
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Multiple account types to suit different trading needs.
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User-friendly platforms, including mobile trading.
Cons
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Limited information on regulatory licensing and oversight.
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Located in St. Lucia, a jurisdiction that may raise regulatory concerns.
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Lack of detailed information on fees or additional charges.
Withdrawal fee
$0
Deposit fee
4.6
Max leverage
1:1000
Min deposit
$10
Top Regulators
No
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Available in
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Specialized trading accounts
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PayPay for deposit
Pros
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High leverage options (up to 1:1000) for experienced traders.
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Multiple account types to suit different trading needs.
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User-friendly platforms, including mobile trading.
Cons
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Limited information on regulatory licensing and oversight.
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Located in St. Lucia, a jurisdiction that may raise regulatory concerns.
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Lack of detailed information on fees or additional charges.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:1000
Specialized trading accounts
Affiliate Program
Pros
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One of the main advantages of Mirrox is the variety of account types it offers. This allows traders to choose an account that fits their trading experience and style, from beginners to more advanced users.
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Mirrox provides a maximum leverage of up to 1:400, which can be appealing for those who want to maximize their trading opportunities. This high leverage enables traders to control larger positions with a smaller investment, though it’s important to remember that it also increases the risk.
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The broker ensures multiple ways to reach support, including live chat, email, and phone. This accessibility is bolstered by 24/7 availability, meaning traders can get help whenever they need it, regardless of their time zone.
Cons
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Mirrox does not currently offer a mobile trading app, which could be inconvenient for traders who prefer to manage their trades on the go.
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The platform lacks social or copy trading features, which are popular among traders who like to follow or mirror more experienced traders’ strategies.
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Mirrox operates with a single trading platform (WebTrader), which might not appeal to traders who prefer using other popular platforms like MetaTrader 4 or 5. The lack of platform choice can be limiting for those who are used to other trading software or want to try different interfaces.
Withdrawal fee
3.5%
Deposit fee
4.1
Max leverage
1:400
Min deposit
$250
Top Regulators
No
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Available in
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Specialized trading accounts
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Affiliate Program
Pros
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One of the main advantages of Mirrox is the variety of account types it offers. This allows traders to choose an account that fits their trading experience and style, from beginners to more advanced users.
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Mirrox provides a maximum leverage of up to 1:400, which can be appealing for those who want to maximize their trading opportunities. This high leverage enables traders to control larger positions with a smaller investment, though it’s important to remember that it also increases the risk.
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The broker ensures multiple ways to reach support, including live chat, email, and phone. This accessibility is bolstered by 24/7 availability, meaning traders can get help whenever they need it, regardless of their time zone.
Cons
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Mirrox does not currently offer a mobile trading app, which could be inconvenient for traders who prefer to manage their trades on the go.
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The platform lacks social or copy trading features, which are popular among traders who like to follow or mirror more experienced traders’ strategies.
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Mirrox operates with a single trading platform (WebTrader), which might not appeal to traders who prefer using other popular platforms like MetaTrader 4 or 5. The lack of platform choice can be limiting for those who are used to other trading software or want to try different interfaces.
- Withdrawal fee3.5%
- Deposit fee$0
- Max Leverage1:400
Rating
4.1
/ 5
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74% of retail client accounts lose money when trading CFDs, with this investment provider.
FCA Regulated
Affiliate Program
Pros
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Competitive Spreads: IG offers some of the most competitive spreads in the industry, especially for major forex pairs.
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Wide Range of Assets: IG offers a wide range of assets, including forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios.
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Regulated Broker: IG is regulated by several reputable authorities, including the FCA and ASIC, providing traders with security and trust.
Cons
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Limited Payment Options: IG offers limited payment options, which may be inconvenient for some traders.
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Inactivity Fee: IG charges an inactivity fee of £12 per month if there is no trading activity for two years or more, which may deter some traders.
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No Social Trading: IG does not offer social Trading, which may be a disadvantage for traders who prefer to follow and copy the trades of successful traders.
Withdrawal fee
$0
Deposit fee
4.1
Max leverage
1:200
Min deposit
$250
Top Regulators
Yes
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Available in
7
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FCA Regulated
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Affiliate Program
Pros
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Competitive Spreads: IG offers some of the most competitive spreads in the industry, especially for major forex pairs.
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Wide Range of Assets: IG offers a wide range of assets, including forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios.
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Regulated Broker: IG is regulated by several reputable authorities, including the FCA and ASIC, providing traders with security and trust.
Cons
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Limited Payment Options: IG offers limited payment options, which may be inconvenient for some traders.
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Inactivity Fee: IG charges an inactivity fee of £12 per month if there is no trading activity for two years or more, which may deter some traders.
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No Social Trading: IG does not offer social Trading, which may be a disadvantage for traders who prefer to follow and copy the trades of successful traders.
- Withdrawal fee$0
- Deposit feePossible third-party charges up to 2.3% on credit cards
- Max Leverage1:200
Start trading
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74% of retail client accounts lose money when trading CFDs, with this investment provider.
Free VPS hosting
24/7 Customer Service
Very High Leverage
Pros
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Ultra-High Leverage: Capitalcore offers one of the highest leverage in the industry. Traders can get much bigger positions with 1:2000 leverage when trading with Classic accounts.
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Swap-Free Accounts & No Hidden Fees: The broker does not charge overnight swap interest or trading commissions on any instrument. The company also does not charge inactivity fees, withdrawal fees, and deposit fees unlike other brokers.
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Binary Options and CFD Trading Options: Trade 35+ forex pairs, major stock indices, metals, cryptos, and even binary options.
Cons
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Offshore Regulation: Capitalcore is not regulated by a tier -1 regulator. The company operates under an offshore IFSA regulation in St. Vincent & the Grenadines.
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No MT4/MT5 or cTrader Support: The broker only offers proprietary platforms, with no MetaTrader or other third-party platforms for those who prefer industry-standard software or automated EA trading.
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Limited Number of Tradable Assets: Capitalcore lacks many tradable assets. For example, the broker does not offer ETFs and only has limited commodities like no agricultural products.
Withdrawal fee
$0
Deposit fee
4.1
Max leverage
1:2000
Min deposit
$10
Top Regulators
No
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Available in
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Free VPS hosting
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24/7 Customer Service
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Very High Leverage
Pros
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Ultra-High Leverage: Capitalcore offers one of the highest leverage in the industry. Traders can get much bigger positions with 1:2000 leverage when trading with Classic accounts.
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Swap-Free Accounts & No Hidden Fees: The broker does not charge overnight swap interest or trading commissions on any instrument. The company also does not charge inactivity fees, withdrawal fees, and deposit fees unlike other brokers.
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Binary Options and CFD Trading Options: Trade 35+ forex pairs, major stock indices, metals, cryptos, and even binary options.
Cons
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Offshore Regulation: Capitalcore is not regulated by a tier -1 regulator. The company operates under an offshore IFSA regulation in St. Vincent & the Grenadines.
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No MT4/MT5 or cTrader Support: The broker only offers proprietary platforms, with no MetaTrader or other third-party platforms for those who prefer industry-standard software or automated EA trading.
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Limited Number of Tradable Assets: Capitalcore lacks many tradable assets. For example, the broker does not offer ETFs and only has limited commodities like no agricultural products.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:2000
Variety of Trading Instruments
WebTrader Platform
Simple Registration
Pros
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Trading.com stands out for its competitive spreads, allowing traders to access markets at favorable pricing.
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The platform offers user-friendly trading platforms, notably the MetaTrader 5 terminal, facilitating a smooth trading experience.
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Traders can access a decent array of tradable instruments, including Forex, stocks, commodities, indices, metals, and energies.
Cons
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Trading.com’s trading platform options are limited, offering only the MetaTrader 5 (MT5) platform for traders.
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The platform’s educational resources are relatively limited, potentially leaving traders seeking more comprehensive learning materials.
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Trading.com is exclusively available to clients within the United Kingdom, limiting its accessibility to a global audience.
Withdrawal fee
$0
Deposit fee
3.8
Max leverage
1:30
Min deposit
$5
Top Regulators
CFTC, NFA, FAC
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Available in
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Variety of Trading Instruments
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WebTrader Platform
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Simple Registration
Pros
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Trading.com stands out for its competitive spreads, allowing traders to access markets at favorable pricing.
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The platform offers user-friendly trading platforms, notably the MetaTrader 5 terminal, facilitating a smooth trading experience.
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Traders can access a decent array of tradable instruments, including Forex, stocks, commodities, indices, metals, and energies.
Cons
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Trading.com’s trading platform options are limited, offering only the MetaTrader 5 (MT5) platform for traders.
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The platform’s educational resources are relatively limited, potentially leaving traders seeking more comprehensive learning materials.
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Trading.com is exclusively available to clients within the United Kingdom, limiting its accessibility to a global audience.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:30
Specialized trading accounts
Pros
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Thorough Regulation and License: markets.com is licensed and regulated by 5 reputable watchdogs. This further strengthens the broker’s credibility as a financial service provider.
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Markets.com is not your regular broker, with its blend and IPO offerings. These additional offerings put the broker in a league of its own.
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Sleek Proprietary Trading Platform: Besides its MT4 and MT5 trading platforms, the broker has its own customized trading platforms, which excel in every regard as the more popular trading platforms.
Cons
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Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.
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No Customer Support Service on Weekends: Since trading is 24/7, it’s only ideal that the customer support service is also available 24/7 so clients can resolve their complaints quickly.
Withdrawal fee
N/A
Deposit fee
3.6
Max leverage
N/A
Min deposit
N/A
Top Regulators
CYSEC
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Available in
10
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Specialized trading accounts
Pros
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Thorough Regulation and License: markets.com is licensed and regulated by 5 reputable watchdogs. This further strengthens the broker’s credibility as a financial service provider.
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Markets.com is not your regular broker, with its blend and IPO offerings. These additional offerings put the broker in a league of its own.
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Sleek Proprietary Trading Platform: Besides its MT4 and MT5 trading platforms, the broker has its own customized trading platforms, which excel in every regard as the more popular trading platforms.
Cons
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Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.
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No Customer Support Service on Weekends: Since trading is 24/7, it’s only ideal that the customer support service is also available 24/7 so clients can resolve their complaints quickly.
- Withdrawal feeN/A
- Deposit feeN/A
- Max LeverageN/A
What Is a Low Spread Forex Broker?
A low spread forex broker lets traders access tighter pricing between the bid and ask prices on currency pairs. These brokers can usually have spreads as low as 0.0 to 1 or 2 pips. Low spread forex brokers are especially great for high volume traders and scalpers. Even a small reduction in spread costs can make a big difference to your trading costs over time.
How to Choose the Best Low Spread Forex Broker?
Choosing the right broker goes beyond just comparing spreads. You should also consider other factors like available instruments, trading platform, customer service, regulation, execution mode etc. It is also important to note that some brokers may offer low spreads but may have other trading fees. Therefore you should also compare withdrawal fees, deposit fees, inactivity fees and even overnight swap fees (if applied to your trading accounts).
Are Low Spread Forex Brokers Safe?
Spreads do not necessarily have a lot to do with the safety of traders. You can gauge a broker’s safety and transparency based on regulation. The safest options are brokers regulated by trusted authorities like the FCA (UK), ASIC (Australia) and CySEC (Cyprus).
Fixed Versus Variable Spreads
When trading you’ll come across two main types of spreads that are fixed and variable.
Fixed spreads stay the same even when markets move fast making trading costs predictable.
Variable spreads change depending on liquidity. They’re usually tighter when the market is calm but can widen during volatile conditions.
Fixed spreads are great for stability while variable spreads work better for traders active during high liquidity hours.
How Do Low Spread Brokers Make Money?
Instead of widening spreads to make profits these brokers earn through small transparent commissions on each trade or from volume based arrangements with liquidity providers. Some may also charge overnight swap fees on leveraged trades. It’s best to check each broker’s fee structure so you know exactly what you’re paying for.
Final Thoughts
Low spread brokers make forex trading cheaper and more efficient but spreads should not be the only deciding factor for you. Always check for strong regulation, fast execution, good platform performance and responsive support. It is highly recommended to trade with well rounded brokers that check all boxes.