Markets with high liquidity and bigger trading volumes often result in lower spreads. In this article, we review the 15 Lowest Spread Forex Brokers and give you an honest opinion of the pros and cons of trading with each broker.
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 the bid and ask prices, which results in a low spread.
These markets tend to have high levels of liquidity, attracting more traders and increasing the trading volumes and competition over time.
Tight markets also generally indicate that geopolitical and economical factors are stable, but unstable economic conditions do not mean that you should not or cannot trade at all – it simply means that the market may be more volatile and you will 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
USD 100 MiFID, FSA, ASIC, BVI, FFAJ, FSCA, ADMG, FRSA 📱 Platforms MetaTrader 4, MetaTrader 5 ₿ Crypto Yes 💵 Account Currency AUD, EUR, USD, GBP, CHF Yes 1:400 🛒 Instruments Forex, Bonds, Stocks, Commodities, ETFs, Indices, Crypto 🏛️ Visit Broker
Minimum Deposit
Regulators
Islamic Account
Leverage
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 | |
| Suitable for beginners | |
| Many regulations |
XM
Overall Rating USD 5 ESMA, CySEC, ASIC, FCA, IFSC, DFSA 📱 Platforms Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform ₿ Crypto No 💵 Account Currency USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB Yes 1:1000 🛒 Instruments Commodities, Forex, Stocks, Crypto, Metals, Shares, Energies 🏛️ Visit Broker
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
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 |
easyMarkets
Overall Rating USD 25 CySEC, ASIC, FSA 📱 Platforms MT4, TradingView, easyMarkets app ₿ Crypto Yes 💵 Account Currency EUR, CAD, CZK, JPY, NZD, USD, SGD, CHF, GBP, MXN, AUD, PLN, TRY, CNY, HKD, NOK, SEK, ZAR, BTC Yes 1:400 🛒 Instruments Forex, Shares, Crypto, Metals, Commodities, Indices 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account Leverage
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 |
GO Markets
Overall Rating USD 200 FSC, ASIC, AFSL 📱 Platforms MT4, MT5, GO Webtrader Yes 💵 Account Currency AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD No 1:500 🛒 Instruments Forex, Shares, Indices, Metals, Commodities
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
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-ons 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 |
Tickmill
Overall Rating USD 100 FCA, FSCS, FSA, CYSEC, MiFID, ESMA 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency EUR, GBP, USD Yes 1:500 🛒 Instruments Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs, Forex, Commodities 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account Leverage
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 |
CMC Markets
Overall Rating USD 0 FCA 📱 Platforms MT4, CMC Markets Next Generation app ₿ Crypto Yes 💵 Account Currency GBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, SGD Yes 1:30 🛒 Instruments Forex, Indices, Crypto, Commodities, Shares, Treasuries, ETFs 🏛️ Visit Broker
4.2/5
Minimum Deposit Regulators Islamic Account Leverage
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 |
OANDA
Overall Rating Open and fund your OANDA account (min$25) and get a welcome bonus up to $5,000!
3.9/5
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 |
IC Markets
Overall Rating USD 200 FSA, CySEC, ASIC 📱 Platforms MT4, MT5, cTrader ₿ Crypto Yes 💵 Account Currency AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF Yes 1:500 🛒 Instruments Stocks, Commodities, Indices, Forex, Bonds, Crypto, Futures 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account Leverage
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 |
FXCC
Overall Rating USD 0 CySEC 📱 Platforms MT4 ₿ Crypto Yes 💵 Account Currency USD, EUR, GBP Yes 1:500 🛒 Instruments Forex, Crypto, Metals, Energies, Indices 🏛️ Visit Broker
4.3/5
Minimum Deposit Regulators Islamic Account Leverage
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 |
Forex.com
Overall Rating USD 100 FCA, IIROC, ASIC, CFTC 📱 Platforms MT4, MT5, Forex.com apps ₿ Crypto Yes 💵 Account Currency EUR, GBP, USD No 📊 Leverage 1:40 🛒 Instruments Forex, Indices, Stocks, Commodities, Metals, Crypto 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account
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 |
ThinkMarkets
Overall Rating USD 0 FSCA, FCA, ASIC, BMA 📱 Platforms MT4, MT5, ThinkTrader ₿ Crypto Yes 💵 Account Currency ZAR, AUD, NZD, USD, EUR, GBP, SGD, CAD, CHF Yes 1:400 🛒 Instruments Forex, Bonds, Stocks, Commodities, ETFs, Indices, Crypto 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account Leverage
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 |
Swissquote
Overall Rating USD 1000 FINMA, FCA, DFSA, SFC, MFSA, MAS 📱 Platforms Advanced Trader, MT4, MT5 ₿ Crypto Yes 💵 Account Currency EUR, USD, GBP, CHF, JPY, AUD, CAD, NZD, PLN, SEK, DKK, NOK, HUF, TRY, ZAR, SGD, MXN, HKD, THB, ILS, AED Yes 1:100 🛒 Instruments Forex, Stocks, Commodities, Bonds, Indices, Crypto 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account Leverage
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 |
Exness
Overall Rating Rated #1 of USD 10 FSA, CBCS, FSC, FSC, FSCA, CySEC, FCA 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency USD, EUR, ZAR, CHF, NZD, SGD, JPY, AUD Yes 1:unlimited 🛒 Instruments 100+ Forex, Cryptocurrencies, Energies, Metals, Shares, Stocks, Commodities 🏛️ Visit Broker
4.9/5
Recommended FX BrokersMin. DepositRegulators Islamic Account Leverage
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 |
Libertex
Overall Rating USD 100 CySEC 📱 Platforms MT4, MT5, Libertex platform ₿ Crypto Yes 💵 Account Currency EUR, GBP, PLN, CFH No 1:600 🛒 Instruments Crypto, Metals, ETFs, Stocks, Forex, Indices, Oil, gas, commodities 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
Libertex is a licensed and regulated Forex and CFD broker that offers tight 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 |
FXTM
Overall Rating USD 10 CySEC, FCA, FSC 📱 Platforms MT4, MT5, FXTM Trader ₿ Crypto No 💵 Account Currency USD, EUR, GBP, NGN Yes 1:2000 🛒 Instruments Metals, Stocks, CFDs, Indices, Forex, Commodities 🏛️ Visit Broker
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
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 |
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 15 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.
Good luck with your trading!
Disclaimer
Remember, 75% of retail investors lose money when trading CFDs and there is a high risk of losing your capital in the forex markets.
The information on this website is in no way intended to be used as financial advice and opening an account with any broker is done at your own discretion and risk.
