30 Lowest Spread Forex Brokers

Table of Contents

30 Lowest Spread Forex BrokersA tight market is a popular market, and trading volumes are often much higher than other markets, with much deeper liquidity and stronger compeitition. If this is something you are interested in, then we recommend trying one of the 30 Lowest Spread Forex Brokers.

 

What are the benefits of trading with low spreads?

Essentially, when we say that a market is “tight”, it means that there is a very small difference between bid and ask prices, which results in a low spreads.

These markets tends to have high levels of liquidity, attracting more traders and increasing the trading volumes and competition over time.

A tight markets also generally indicates that geopolitical and economical factors are stable, but unstable economic conditions does not mean that you should not or cannot trade at all – it simply means that the market may be more volatile and you wil have to proceed strategically and with caution.

Whether you like trading higher volumes or in high risk environments, or you prefer to trade with minimal risks, there are many benefits to trading with low spreads.

 

AvaTrade

AvaTrade

 

AvaTrade supports automated trading and allows clients to change their accounts to Islamic accounts.

AvaTrade provides trading videos and guides, trading rules and market terms, trading strategy guides and much more.

AvaTrade offers tight spreads, ranging from 0.9 to 1.8 on major Forex pairs and 0.34 on Gold.

 

Pros and Cons of AvaTrade:

✔️Pros ❌Cons
Tight spreads Not available in US
Free Deposits and withdrawals Lacking telephonic support
Suitable for beginners
Many regulations

 

Minimum Account Features of AvaTrade:

Minimum deposit $100
Maximum leverage 1:400
Account base currencies GBP, USD, AUD, EUR, CHF
Instruments Indices, Crypto, Bonds, Forex, Stocks, ETFs, Commodities
Regulations ADMG, MiFID, BVI, ADMG, FRSA, ASIC, FFAJ, FSA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms AvaTradeGo, AvaOptions, MT5, MT4

 

XM

XM

 

XM facilitates the trading of more than 1,000 instruments in international markets and offers a signup bonus of up to $5,000.

XM offers 4 account types with a low minimum deposit required and spreads starting at 0.6 pips.

XM provides unlimited access to the MetaTrader 4 and 5 platforms and allows the use of Expert Advisors.

The XM team offers multilingual customer support and beginners have access to a learning centre and a great selection of educational material. 

 

Pros and Cons of XM:

✔️Pros ❌Cons
User-friendly broker No fixed spreads
Minimum deposit is low Not available in US
Negative Balance Protection Inactivity is penalised
Promotions and bonuses

 

Minimum Account Features of XM:

Minimum deposit $5
Maximum leverage 1:888
Account base currencies CHF, PLN, RUB, EUR, USD, AUD, GBP, HUF, JPY
Instruments Shares, Metals, Crypto, Forex, Commodities, Indices
Regulations FCA, IFSC, ESMA, CySEC, DFSA, ASIC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, MT5

 

easyMarkets

easyMarkets

 

easyMarkets is a fully regulated Forex broker that offers 3 account types with spreads starting at 0.8 pips and personal account managers on every account.

The personal account manager gives clients access to market trends, news on economic events, advice on trading strategies and more. 

easyMarkets can be used with 3 innovative platforms, including its own proprietary app, and beginners can use the trading courses and eBooks provided with a demo account to get started.

 

Pros and Cons of easyMarkets:

✔️Pros ❌Cons
Many funding currencies Not available in US 
Fixed spreads
Negative Balance Protection

 

Minimum Account Features of easyMarkets:

Minimum deposit $25
Maximum leverage 1:400
Account base currencies BTC, SEK, EUR, USD, CNY, PLN, TRY, JPY, GBP, NZD, HKD, CZK, ZAR, MXN, SGD, AUD, CHF, CAD, NOK
Instruments Crypto, Shares, Indices, Metals, Forex, Commodities
Regulations CySEC, ASIC, FSA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms easyMarkets app, MT4, TradingView

 

GO Markets

GO Markets

GO Markets offers more than 600 trading instruments with support that is available 24 hours a day, VPS services and spreads starting from as low as 0.0 pips.

GO Markets accommodates all styles of trading and provides a great range of innovative trading tools, such as AutoChartist, Trading Central and advanced trading add-on from M4 and 5 Genesis.

GO Markets is a proud partner of the Chelsea Football Club and offers a 30% trading credit bonus for making deposits.

 

Pros and Cons of GO Markets:

✔️Pros ❌Cons
Resources provided No Islamic account
Beginner-friendly  Penalty fee
Free VPS

 

Minimum Account Features of GO Markets:

Minimum deposit $200
Maximum leverage 1:500
Account base currencies CAD, SGD, EUR, AUD, HKD, USD, CHF, GBP, NZD
Instruments Commodities, Forex, Shares, Indices, Metals
Regulations AFSL, FSC, ASIC
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5

 

Tickmill

Tickmill

 

Tickmill over 62 currency pairs with average spreads starting at 0.1 pips, and clients can choose from 3 unique accounts and the option to use demo and Islamic accounts.

Tickmill offers several promotions to its clients and beginners are provided with educational videos and tutorials, trading guides, eBooks and more.

The tools offered by Tickmill include AutoChartist, Myfxbook for copytrading, Pelican and Acuity trading tools, and more.

 

Pros and Cons of Tickmill:

✔️Pros Cons
Negative Balance Protection Not available in US
Autochartist and FIX API No cryptocurrencies
Commission-free trading
Regulated
Flexible accounts

 

Minimum Account Features of Tickmill:

Minimum deposit $100
Maximum leverage 1:500
Account base currencies EUR, USD, GBP
Instruments CFDs, Stocks, Indices, Energies, Commodities, Bonds, Shares, Forex, Metals
Regulations CYSEC, FCA, FSCS, FSA, ESMA, MiFID
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5

 

CMC Markets

CMC Markets

 

CMC Markets has created an innovative proprietary trading platform called Next Generation, but it can also be used with MetaTrader 4.

CMC Markets is a great option for traders who wish to trade CFDs or through spread betting, and clients are provided with weekly highlights and updated market analyses.

For clients who have never traded before, CMC Markets offers a risk-free demo account and a great variety of educational content to help them along the way.

 

Pros and Cons of CMC Markets:

✔️Pros ❌Cons
More than 300 Forex pairs Spread Betting account not available in US
Tight spreads  Penalty fees
Beginner-friendly

 

Minimum Account Features of CMC Markets:

Minimum deposit $0
Maximum leverage 1:30
Account base currencies USD, CAD, EUR, SEK, NZD, AUS, SGD, PLN, GBP, NOK
Instruments Shares, Crypto, ETFs, Commodities, Forex, Treasuries, Indices
Regulations FCA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, CMC Markets Next Generation app

 

OANDA

OANDA

 

OANDA offers tight spreads, starting at 1.7 pips on major currencies, and there are over 100 instruments to choose from.

OANDA provides a great range of trading features and clients can make use of advanced charting tools, technical analysis and Autochartist, Algo Lab for algorithmic trading, as well as reliable industry news and economic event overlays for charts.

OANDA seems to be more suitable for intermediate to expert traders due to its lack of educational resources, but beginners can use the demo account provided if they are curious about this broker.

 

Pros and Cons of OANDA:

✔️Pros Cons
Highly regulated Regulation differs based on jurisdiction
Active Trader account  Trading conditions based on jurisdiction
No minimum deposit
Negative Balance protection

 

Minimum Account Features of OANDA:

Minimum deposit $0
Maximum leverage 1:50
Account base currencies USD, CHF, CAD, GBP, JPY, AUD, SGD, EUR, HKD
Instruments Bonds, Forex, Commodities, Indices, Metals
Regulations ASIC, FCA, IIROC, MFS, FIBO, BVIFSC, NFA and MAS.
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, OANDA trade, OANDA API

 

IC Markets

IC Markets

 

IC Markets is a well regulated Forex broker that offers raw spreads from 0.0 pips and more than 1,780 tradable products.

IC Markets provides a demo account with a great selection of tutorials and educational material, which makes it suitable for beginners.

IC Markets guarantees low latency with fast order executions and offers reliable VPS services.

More than 500,000 trades are processed per day on IC Markets with more than $29 billion traded daily.

 

Pros and Cons of IC Markets:

✔️Pros ❌Cons
Multiple accounts Not available in US
Secure VPS server
10 funding currencies

 

Minimum Account Features of IC Markets:

Minimum deposit $200
Maximum leverage 1:500
Account base currencies GBP, SGD, NZD, USD, CHF, HKD, AUD, CAD, JPY, EUR
Instruments Commodities, Bonds, Forex, Indices, Stocks, Futures, Crypto
Regulations CySEC, ASIC, FSA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, MT5, cTrader

 

FXCC

FXCC

 

FXCC is a regulated STP and ECN broker that was established in 2010 and it offers 3 accounts with tight spreads and flexible trading conditions.

It is a beginner-friendly broker that provides plenty of educational resources for inexperienced clients and all clients can make more informed decisions using the research offered.

FXCC is an award-winning broker that requires no minimum deposit for account activation and offers spreads starting as low as 0.0 pips.

FXCC guarantees commission-free trading and can be used with the MetaTrader 4 platform.

FXCC offers a 100% bonus on the first deposit made and up to $250 is rewarded through the referral program.

 

Pros and Cons of FXCC:

✔️Pros Cons
Beginner-friendly Not available in US
Tight spreads
No minimum deposit
Deposit bonus

 

Minimum Account Features of FXCC:

Minimum deposit $0
Maximum leverage 1:500
Account base currencies GBP, USD, EUR
Instruments Metals, Crypto, Indices, Energies, Forex
Regulations CySEC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4

 

Forex.com

Forex.com

 

Forex.com offers more than 90 Forex pairs with tight spreads and clients can choose from 3 types of accounts that can be used on proprietary Forex.com platforms or MetaTrader 4 and 5.

Forex.com has been around for more than 2 decades and is a beginner-friendly broker that provides plenty of educational materials and trading guides.

Forex.com clients can trade over 500 instruments and high-volume traders have the opportunity to benefit from an active trader program.

 

Pros and Cons of Forex.com:

✔️Pros ❌Cons
Cash rebates  Not regulated by CySEC
Great range of research tools Inactivity fees
Withdrawals and deposits are free

 

Minimum Account Features of Forex.com:

Minimum deposit $50
Maximum leverage 1:40
Account base currencies EUR, GBP, JPY, AUD, CHF, USD
Instruments Indices, Forex, Commodities, Stocks, Metals, Crypto
Regulations FCA, IIROC, CFTC, ASIC
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT5, MT4, Forex.com apps

 

ThinkMarkets

ThinkMarkets

 

ThinkMarkets is a fully regulated online broker that offers low spreads, starting at 0 pips, on a wide range of international markets.

ThinkMarkets offer 24/7 customer support and has created its own next-generation trading platform, called ThinkTrader.

ThinkMarkets offers zero-commission trading and negative balance protection, with 2 main account types and the option to use Islamic and demo accounts.

 

Pros and Cons of ThinkMarkets:

✔️Pros ❌Cons
Great research tools No US clients
Zero-commission account Penalty fees
No minimum deposit

 

Minimum Account Features of ThinkMarkets:

Minimum deposit $0
Maximum leverage 1:400
Account base currencies ZAR, USD, NZD, EUR, CAD, GBP, SGD, CHF, AUD
Instruments Crypto, Shares, Indices, Commodities, Metals, Forex
Regulations ASIC, FCA, BMA, FSCA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms ThinkTrader, MT5, MT4

 

Swissquote

Swissquote

 

Swissquote is a multi-purpose, multi-asset Forex broker that offers 4 account types for Forex and CFD trading and spreads starting from 1.1 pips.

Although minimum deposit requirements are high, Swissquotes offers an incredible range of trading instruments with next-generation tools and 4 platforms.

Not only does Swissquote offer unique accounts for professional and institutional traders, but it also provides an educational centre with many helpful trading courses to assist inexperienced clients.

 

Pros and Cons of Swissquote:

✔️Pros ❌Cons
Suitable for Day trading High trading fees
Multi-regulated Not regulated by CySEC or ASIC
Great educational content Inactivity fee

 

Minimum Account Features of Swissquote:

Minimum deposit $1000
Maximum leverage 1:00
Account base currencies AUD, ILS, HKD, GBP, AED, PLN, TRY, NOK, MXN, ZAR, EUR, CAD, CHF, HUF, NZD, SEK, USD, THB, JPY, SGD, DKK
Instruments Commodities, Bonds, Forex, Crypto, Indices, Stocks
Regulations MAS, FCA, SFC, MFSA, DFSA, FINMA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms Advanced Trader, MT4, MT5

 

Exness

Exness

 

Exness is a fully-regulated Forex and CFD broker that offers tight spreads, starting at 0 pips, and clients can choose from 5 flexible accounts with unique trading conditions.

Exness accounts are grouped as either standard or professional accounts and these accounts can be used with 3 platforms and a variety of tools.

Although Exness does not seem to provide any educational resources, the demo account is easy to use and the standard account is suitable for any type of trader.

 

Pros and Cons of Exness:

✔️Pros Cons
Highly regulated Lacking educational content
Compatible with MetaTrader Not beginner-friendly
Hedging and Scalping allowed
Low minimum deposit

 

Minimum Account Features of Exness:

Minimum deposit $10
Maximum leverage Unlimited
Account base currencies CHF, ZAR, JPY, AUD, EUR, SGD, USD, NZD
Instruments Stocks, Shares, Metals,  Energies, Commodities, Cryptocurrencies, Forex,
Regulations FCA, FSCA, CySEC, SFSA
Swap-free accounts yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, MT5, WebTerminal

 

Libertex

Libertex

 

Libertex is a licensed and regulated Forex and CFD broker that offers tigt spreads and commission-free crypto trading.

We do no recommend this broker for beginners as there appears to be no educational materials on the website, but a demo account is provided.

Libertex has developed its own proprietary platform that is simple and easy to use, but it also supports MetaTrader 4 and 5.

There is a total of more than 250 tradable products on Libertex and this broker is available to 100 countries.

 

Pros and Cons of Libertex

✔️Pros Cons
Beginner-friendly No Islamic account
Negative Balance Protection
Well-established broker

 

Minimum Account Features of Libertex:

Minimum deposit $100
Maximum leverage 1:600
Account base currencies PLN, EUR, CFH, GBP
Instruments Gas, commodities Metals, Crypto, Stocks, Oil, Forex, Indices, ETFs
Regulations FSCA
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, MT5, Libertex platform

 

FXTM

FXTM

 

FXTM accounts fall under 3 categories and spreads on the Advantage account start at 0.0 pips.

FXTM can be used with MetaTrader 4 and 5, and accounts can be changed to swap-free accounts on all 3 types.

FXTM offers a great variety of trading tools and beginners can learn to trade by using the educational resources provided.

 

Pros and Cons of FXTM:

✔️Pros ❌Cons
Tight spreads No US clients
Fast trade execution  Penalty fees
Low minimum deposit

 

Minimum Account Features of FXTM:

Minimum deposit $10-$500
Maximum leverage 1:2000
Account base currencies GBP, NGN, USD, EUR
Instruments CFDs, Forex, Indices, Commodities, Stocks, Metals
Regulations FCA, FSC, CySEC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5, FXTM Trader

 

City Index

City Index

 

City Index is a great option for spread betting, CFD traders and Forex trading, and offers more than 12,000 instruments.

If you would like to try City Index risk-free, you can use the demo account provided in combination with the training material if you are a beginner.

City Index offers innovative trading tools and clients can use SMART signals, strategy tools, SMS alerts and more to improve their trading experience.

City Index is suitable for professional and beginner traders respectively, and offers premium services and tight spreads starting at 0.5 pips.

 

Pros and Cons of City Index:

✔️Pros Cons
Listed on NASDAQ Penalty fees
Great product portfolio Stock CFD fees are high
Free deposits and withdrawals Only one account
Part of StoneX

 

Minimum Account Features of City Index:

Minimum deposit £50
Maximum leverage 1:30
Account base currencies PLN, HUF, GBP, EUR, CHF, USD, JPY, AUD
Instruments Commodities, Metals Indices, Shares, Options, Forex, Bonds
Regulations FCA, CFTC, IIROC, ASIC, JFSA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, City Index app

 

Alpari

Alpari

 

Alpari is an internationally trusted Forex and CFD broker with over 2 million clients and 20 years of experience in the trading industry.

Alpari uses advanced technology to ensure instant processing and fast execution speeds, and clients can earn more through the cashback promotion and the referral program.

Alpari is a beginner-friendly broker that offers guides on trading strategies, Forex basics, how to trade commodities and more, and clients can also copy the traders of professionals.

 

Pros and Cons of Alpari:

✔️Pros ❌Cons
Referral program Only 4 base currencies
Supports Copy Trading Limited products
Flexible account types Not available in Japan, Russia and USA
Massive client base

 

Minimum Account Features of Alpari:

Minimum deposit $100
Maximum leverage 1:1000
Account base currencies NGN, GBP, USD, EUR
Instruments Forex, CFDs, Metals
Regulations FSC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5

 

Eightcap

Eightcap

 

 

Eightcap is an ASIC- and SCB-regulated Forex broker that can be used with the MetaTrader 4 and 5 platforms.

Eightcap offers 2 accounts with spreads starting from 0.0 spreads and the option to trade commission-free.

If you would like to learn more about the basics of trading or using the MetaTrader platform, Eightcap provides several useful guides and a demo account to practice on.

 

Pros and Cons of Eightcap

✔️Pros Cons
Compatible with MetaTrader Limited products
Low spreads offered High commissions 
7 base currencies
Supports trading with EAs

 

Minimum Account Features of Eightcap:

Minimum deposit $100
Maximum leverage 1:500 (ASIC)

1:30 (SCB)

Account base currencies NZD, SGD, CAD, USD, AUD, EUR, GBP
Instruments Forex, Shares, Commodities, Crypto, Indices
Regulations ASIC, SCB
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, MT5

 

Saxo Bank

Saxo Bank

 

Saxo Bank offers a total of 40,000 instruments, with spreads starting at 0.6 pips and over 200 Forex pairs, that can be traded on 3 unique accounts with competitive trading conditions and 24/5 support.

Saxo Bank also offers portfolio managers and the option to trade on its award-winning platform.

Saxo Bank guarantees low spreads and has been around for more than 20 years with a client base of nearly 1 million traders.

 

Pros and Cons of Saxo Bank:

✔️Pros ❌Cons
Innovative point system High Minimum deposit
Great variety research data and tools Not compatible with MetaTrader
Withdrawals are free Penalty fees
Forex fees are low

 

Minimum Account Features of Saxo Bank:

Minimum deposit $2000
Maximum leverage 1:100
Account base currencies MXN, LTL, GBP, TRY, SEK, CHF, RUB, HUF, AED, RON, CZK, DKK, PLN, EUR, ZAR, NOK, HKD, SGD, JPY, NZD, CNH, USD, ILS, CAD, AUD, MYR
Instruments CFDs, Crypto, ETFs, Options, Bonds, Stocks, Futures, Forex
Regulations JFSA, FSC, ASIC, MAS, FSA, FCA
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms SaxoTraderGO, SaxoTraderPRO

 

IG

IG

 

IG offers customer support 24 hours a day and facilitates trading in over 17,000 international markets.

IG provides demo accounts for new clients and inexperienced traders, and low costs are guaranteed. 

IG is a customer-centric Forex broker that offers premium services to its clients and allows algorithmic and API trading.

 

Pros and Cons of IG:

✔️Pros ❌Cons
User-friendly web platform Limited portfolio
Great educational tools Lacking phone support
Low trading fees

 

Minimum Account Features of IG:

Minimum deposit $250
Maximum leverage 1:30
Account base currencies EUR, HKD, AUD, USD, GBP, SGD
Instruments Crypto, Commodities, Forex, Shares, Indices
Regulations JFSA, CFTC, ASIC, FINMA, FCA, DIFC, MAS
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, ProRealTime, L2 Dealer

 

FP Markets

FP Markets

FP Markets offers more than 10,000 instruments, including more than 60 currency pairs with tight spreads, starting at 0.0 pips.

FP Markets guarantees ultra-fast executions and secure trades, with transparent pricing and no requotes.

FP Markets offers a wide range of products and is an excellent option for beginners who would like to learn more about trading and experiment with a risk-free demo account.

FP Markets can be used with MetaTrader 4 and 5, and allows the use of AutoChartist and other advanced trading tools.

 

Pros and Cons of FP Markets:

✔️Pros ❌Cons
10 Base currencies Withdrawal fees
Great selection of products No fixed spreads
Commission-free account

 

Minimum Account Features of FP Markets:

Minimum deposit $100
Maximum leverage 1:500
Account base currencies AUD, JPY, GBP, CAD, EUR, SGD, HKD, CHF, USD, NZD
Instruments Indices, Commodities, Shares, Forex, Metals
Regulations ASIC, CySEC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, MT5, FP Markets app

 

FxPro

FxPro

 

FxPro has received over 90 industry rewards and an account can be created in less than 5 minutes.

FxPro guarantees low latency and fast execution speeds, with more than 2,100 instruments to trade and flexible payment methods.

FxPro offers a total of 70 Forex pairs with tight spreads and is a suitable option for beginners.

 

Pros and Cons of FxPro:

✔️Pros ❌Cons
Highly regulated Only 1 account
8 Base currencies Inactivity fees
Supports Copy trading and Social trading

 

Minimum Account Features of FxPro:

Minimum deposit $100
Maximum leverage 1:200
Account base currencies EUR, USD, GBP, ZAR, CHF, JPY, PLN, AUD
Instruments Shares, Energies, Indices, Forex, Crypto, Metals
Regulations CySEC, FCA, FSCA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, FxPro platform, cTrader, MT5

 

OctaFX

OctaFX

 

OctaFX is a regulated ECN broker that is compatible with the MetaTrader platforms and also offers an innovative proprietary platform as an alternative. 

OctaFx is available in more than 98 countries and clients can choose from 3 types of accounts.

OctaFx offers a 50% deposit bonus and guarantees transparent pricing, with no hidden fees and no commissions on deposits and withdrawals.

 

Pros and Cons of OctaFx:

✔️Pros Cons
Low minimum deposit Limited products
Tight spreads Only 2 base currencies 
CopyTrader-friendly
Compatible with MetaTrader

 

Minimum Account Features of OctaFx:

Minimum deposit $100
Maximum leverage 1:500
Account base currencies EUR, USD
Instruments Commodities, Cryptocurrencies, CFDs, Forex, Stocks
Regulations FSA, SVGFSA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, OctaFX app, MT5

 

eToro

eToro

 

eToro is a copytrader-friendly broker that is popular for trading stocks and NASDAQ, but it also offers currency trading and plenty of other instruments.

eToro provides customizable risk management tools and services, advanced tools for research and analytics, and a variety of innovative trading features.

eToro has more than 15 million clients and is also available to citizens from the United States, whereas most Forex brokers are not.

This broker is suitable for beginners and offers trading education through the eToro Academy.

 

Pros and Cons of eToro:

✔️Pros Cons
Supports CopyTrading Difficult to find account info
Supports Social trading Forex fees are high
Flexible leverage Withdrawal fee of $5
Free stock and ETF trading in EU

 

Minimum Account Features of eToro:

Minimum deposit $50
Maximum leverage 1:30
Account base currencies CNY, RUB, JPY, USD, GBP, AUD, EUR, CAD
Instruments Forex, Commodities, ETFs, Crypto, Stocks, Indices
Regulations FCA, CySEC, ASIC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms eToro app, OpenBook

 

Fusion Markets

Fusion Markets

 

Fusion Markets guarantees low prices, reliable customer support and superior technology, and offers 2 flexible accounts with no hidden fees.

Fusion Markets has a great product offering with over 90 Forex pairs, in-demand stocks and commodities, and much more, and spreads start from as little as 0 pips.

Fusion Markets also supports copy trading and allows the use of DupliTrader, Myfxbook, VPS services and more.

Although education materials are limited on Fusion Markets, beginners can still practice on the demo account if they are interested in trading with this broker.

 

Pros and Cons of Fusion Markets:

✔️Pros Cons
Many Forex pairs No educational content
Tight spreads Not beginner-friendly
Compatible with MetaTrader
Many currency pairs

 

Minimum Account Features of Fusion Markets:

Minimum deposit $1
Maximum leverage 1:500
Account base currencies EUR, USD, CAD, JPY, SGD, GBP, THB, AUD
Instruments Metals, Energies, Commodities, Shares, Forex, Indices
Regulations ASIC, VFSC
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5, Fusion+

 

ETX Capital

ETX Capital

 

ETX Capital is a great option for spread betting, CFD trading and Forex, offering pips as low as 0.6 on over 60 Forex pairs and an innovative proprietary trading platform.

ETX Capital provides advanced charting tools, dynamic risk management features and customisable interfaces and workspaces on its platform.

ETX Capital is also compatible with MetaTrader 4 and provides a comprehensive library of educational content and resources to assist new traders.

 

Pros and Cons of ETX Capital:

✔️Pros Cons
Free withdrawals and deposits 3 base currencies
Great educational resources Limited info on website
5,000 Stock CFDs
Interactive charts

 

Minimum Account Features of ETX Capital:

Minimum deposit $100
Maximum leverage 1:30
Account base currencies USD, EUR, GBP
Instruments Indices, Crypto, Forex, Shares, Commodities
Regulations FCA, FSCA
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms ETX TraderPro, MT4

 

Plus500

Plus500

 

Plus500 is a globally regulated Forex and CFDs broker that offers tight spreads on a variety of trading instruments that can be traded on the proprietary Plus500 app.

Plus500 provides innovative tools for risk management and offers eBooks and guides for beginners to use along with a demo account.

Plus500 clients can choose from 2 account types and benefit from no commissions and fast order executions.

 

Pros and Cons of Plus500

✔️Pros Cons
Educational content provided No copy trading
Negative Balance Protection Inactivity fees
16 Account currencies
Regulated

 

Minimum Account Features of Plus500:

Minimum deposit $100
Maximum leverage 1:300
Account base currencies SGD, CZK, SEK, GBP, AUD, JPY, USD, NOK, TRY, PLN, CHF, HUF, EUR, CAD
Instruments Commodities, Indices, Cryptocurrency, Forex, ETFs, Shares, Options
Regulations ASIC, FCA, CySEC, FMA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms Plus500 app

 

Pepperstone

Pepperstone

 

Pepperstone offers more than 1,200 trading instruments with 24/7 customer support and tight spreads, starting at 0.3 pips.

Pepperstone clients can use one account to trade on 3 platforms and can access a variety of advanced SMART trading tools and features.

Pepperstone also allows the use of Expert Advisors and is a beginner-friendly broker with several trading guides provided on the website. 

 

Pros and Cons of Pepperstone:

✔️Pros ❌Cons
Many Regulations Only one account
Good customer service Lacking Educational content
Great product portfolio
No inactivity fee

 

Minimum Account Features of Pepperstone:

Minimum deposit $200
Maximum leverage 1:30
Account base currencies USD, SGD, GBP, EUR, NZD, CHF, HKD, AUD, JPY
Instruments Indices, Forex, Commodities, ETFs, Crypto, Shares
Regulations CMA, SCB, BaFIN, ASIC, CySEC, FCA, DFSA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5, cTrader

 

FXCM

FXCM

 

FXCM is a popular Forex broker with referral programs and rebate rewards and offers one trading account to access many international markets.

FXCM has been around for more than 20 years and is a trusted broker that can be used with MetaTrader 4 and Trading Station.

This is a well-regulated broker that is suitable for beginners and provides a demo account to practice on.

FXCM also accommodates institutional trading and offers news updates on markets and detailed analysis reports.

 

Pros and Cons of FXCM:

✔️Pros Cons
Great selection of tools High Bank withdrawal fees
Comprehensive educational content Limited products
Rebate and Referral Program Penalty fees
Allows Copy Trading

 

Minimum Account Features of FXCM:

Minimum deposit $50
Maximum leverage 1:200
Account base currencies EUR, USD, GBP, CHF
Instruments Forex, Commodities, Shares, Crypto, Indices
Regulations ASIC, FCA, FSCA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms TradingView, CapitaliseAI, ZuluTrade, Station, MT4, Trading NinjaTrader

 

XTB

XTB

 

XTB offers a wide range of trading products, with more than 2,100 global markets to engage with and competitive trading conditions.

XTB offers 2 flexible accounts with spreads starting as low as 0.5 pips and allows automated trading, with account management provided.

XTB can be used to view price tables and market news and also offers a market calendar with a great selection of trading guides for inexperienced traders.

 

Pros and Cons of XTB:

✔️Pros Cons
5 Base currencies Penalty fees
No minimum deposit Not available in US
Beginner-friendly
Reliable customer support

 

Minimum Account Features of XTB:

Minimum deposit $0
Maximum leverage 1:30
Account base currencies HUF, USD, EUR, PLN, GBP
Instruments Indices, Stocks, ETFs, CFDs, Commodities, Forex, Crypto
Regulations FCA, KNF, IFSC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms xStation 5

 

Conclusion

The safest way to trade Forex is when the volatility of a market is low and the liquidity is high. The tighter the spreads, the lower the risks of trading in a market and the better your chances of success.

Although many traders see great potential in volatile markets, most traders (especially beginners) can lose a lot of money by exposing themselves to high-risk trading, which is why we recommend trading with one of the 30 Lowest Spread Forex Brokers.

That is why so many inexperienced traders and long-term investors prefer to trade in low-spread markets. Always remember – a small profit is better than a major loss!