10 Best Low Spread Forex Brokers for 2025

The best Forex brokers for low spreads are Pepperstone, IC Markets, FP Markets, and Fusion Markets.

When choosing the best low-spread FX broker, all-in trading costs (average spreads plus commissions), regulation and client protections, execution quality and platform choice, and minimum deposit and account options are the most important criteria.

Pepperstone is the best low-spreads Forex broker overall, thanks to offering very low all-in trading costs, strong regulation and client protections, excellent execution quality and a wide choice of platforms, and flexible minimum deposit and account options.

Ranked just behind Pepperstone, the best low-spreads Forex brokers for low all-in trading costs, trusted regulation, strong execution and flexible account conditions include IC Markets, FP Markets and Fusion Markets. IC Markets provides ultra-tight raw spreads with low commissions, multi-jurisdiction regulation, fast execution and support for MT4, MT5, cTrader and TradingView. FP Markets features raw spreads from 0.0 pips with low commissions, top-tier ASIC and CySEC oversight, solid execution and access to MT4, MT5, cTrader and TradingView. Fusion Markets includes some of the industry’s lowest commissions, near-zero raw spreads, ASIC oversight, and comprehensive MT4, MT5, cTrader and TradingView support, helping traders keep overall trading costs extremely low.

Thanks to consistently low all-in pricing, fast execution, strong regulation, and robust multi-platform support, Pepperstone, IC Markets, and FP Markets are widely considered among the best Forex brokers in the world.

The table that compares the best low spread forex brokers is shown below.

The best low spread Forex broker with MT4 is FxPro. FxPro stands out by combining cTrader raw pricing with near-zero spreads and transparent per-lot commissions, No-Dealing-Desk execution on MT4, and a multi-platform setup (MT4/MT5/cTrader) enriched with VPS and Trading Central tools. The tight raw pricing, institutional-style NDD execution, and advanced MT4 toolkit offered by FxPro help traders keep trading costs down, reduce requotes, and improve their technical analysis and automated strategies on MT4.

For low spread MT4 trading, top brokers usually deliver ultra-tight raw spreads, genuine ECN or NDD execution, and low-latency infrastructure, often supported by VPS solutions. IC Markets is a solid alternative to FxPro thanks to its ultra-low raw EUR/USD spreads around 0.1 pip on MT4, true ECN no-dealing-desk execution that is ideal for high-frequency EAs, and VPS-based low-latency setup that helps minimise slippage and overall Forex trading costs. FP Markets is another strong substitute for FxPro, since its ECN-style Raw MT4 account with spreads from 0 pip and a $6 round-trip commission, combined with MT4 add-ons like Autochartist and Smart Trader Tools plus low-latency Equinix servers, make it one of the top MT4 Forex brokers used by scalpers that seek cost-efficient and fast execution similar to what FxPro offers.

The best zero spread Forex broker is FxPro. FxPro offers a cTrader raw-spread option from 0.0 pips for ECN-style execution, near-zero spreads with clear per-lot commissions, and multi-platform NDD routing into a deep bank liquidity pool for stable fills. These raw 0.0-pip pricing options, transparent commission model, and robust liquidity access provided by FxPro allow traders to build ultra-tight cost structures and benefit from stable execution even when spreads are at or close to zero.

In the zero-spread space, the strongest brokers typically pair 0.0-pip quotes with low commissions, deep interbank liquidity, and fast execution speeds to keep effective costs minimal. IC Markets is a compelling alternative to FxPro because it delivers raw EUR/USD pricing around 0.1 pips with spreads from 0.0 on majors, charges a competitive $6 round-turn commission, and uses deep aggregated liquidity with 30–40 ms execution to help reduce slippage on zero-spread strategies. FP Markets also rivals FxPro as best Zero spread Forex broker, as its Raw ECN account with near-zero spreads and a low $6 round-turn commission, plus 0.0-pip quotes via direct tier-1 access and low-latency connectivity during peak hours, offers a similar environment for traders who want consistently tight or zero spreads.

The best low Fixed spread Forex broker is easyMarkets. easyMarkets distinguishes itself with EUR/USD fixed spreads roughly between 0.8–1.8 pips, truly fixed pricing that doesn’t widen during volatility, and proprietary risk tools like dealCancellation and Freeze Rate. The stable fixed spreads and protective features offered by easyMarkets help traders keep transaction costs predictable, avoid unexpected widening around news, and actively manage risk when markets spike.

Low fixed spread brokers generally shine when they combine consistently tight fixed spreads, a simple fee structure, and extra tools for active or higher-volume traders. Rakuten Securities is a notable alternative to easyMarkets thanks to its ultra-tight fixed spreads from 0.5 pips on majors, a volume-based pricing ladder that tightens fixed spreads as trade size increases, and a spread-only model with no commissions for straightforward cost calculation. AvaTrade is another practical substitute for easyMarkets and is often featured among the best Fixed spread brokers thanks to its fixed spreads of 0.9 pips, spread-only standard accounts with no extra commissions, and MT4 support.

The best raw spread Forex broker with the lowest average spread is IC Markets. IC Markets provides true raw pricing with an average EUR/USD spread of ~0.1 pips, backed by deep multi-provider liquidity, fast execution infrastructure, and a stable no-dealing-desk model that keeps effective costs extremely low even during heavy market activity. The combination of near-zero average spreads, aggregated interbank liquidity, and NDD execution offered by IC Markets helps traders minimise total transaction costs and obtain more precise fills during fast-moving sessions.

When focusing on raw spread accounts, leading brokers typically combine ultra-tight spreads with low commissions, deep liquidity access, and reliable execution engines to maintain consistently low average pricing. Tickmill is a strong alternative to IC Markets thanks to its 0.2-pip average EUR/USD raw spread, ultra-low $4 round-turn commission, and direct STP routing, which together keep all-in costs competitive for high-volume and short-term strategies. Another credible substitute for IC Markets is HFM, whose Zero Spread account delivers 0.1–0.3-pip raw EUR/USD pricing with a transparent $6 round-turn commission, making it a viable low-average-spread option for traders seeking consistently tight execution under an ECN-style model.

The best low spread Forex broker for scalping is Fusion Markets. Fusion Markets’ Zero account features raw spreads from 0.0 pips with a low $4.50 round-trip commission per lot, no hold-time or scalping restrictions, and ultra-low commissions and spreads that often bring effective EUR/USD trading costs to about 0.45 pips. These tiny raw spreads, permissive scalping conditions, and cheap commissions offered by Fusion Markets give scalpers the cost efficiency and freedom of execution they need for rapid in-and-out trades.

For scalping, the ideal brokers usually combine ultra-tight raw spreads, very low commissions, and fast, restriction-free execution so short-term strategies can flourish. FP Markets is an appealing alternative to Fusion Markets because its RAW account delivers spreads from 0.0–0.1 pips with a $6 round-turn commission, imposes no limits on scalping or minimum trade duration, and uses fibre-optic connectivity with ECN pricing to keep EUR/USD round-turn costs in the narrow 0.6–0.8 pip range. Pepperstone is another compelling replacement for Fusion Markets, as its Razor account offers raw EUR/USD spreads from 0.0–0.1 pips with $7 round-turn commissions, runs on ultra-fast ECN/STP infrastructure with sub-30 ms latency and a 99.68% fill rate, and supports MT4/MT5/cTrader/TradingView with one-click trading and EAs/cBots, which is why it’s considered one of the top scalping Forex brokers in the world.

The best low spread Forex broker with high leverage is IC Markets. IC Markets provides professional leverage up to 1:500 (with ESMA-capped 1:30 and negative balance protection for EU retail), ultra-low EUR/USD raw spreads around 0.1 pip with about $7 round-turn commission, and deep liquidity with raw pricing that helps keep costs low even as position sizes grow. This mix of high available leverage, very tight spreads with modest commissions, and strong liquidity at IC Markets allows traders to scale their exposure while containing trading costs.

For traders seeking both low spreads and higher leverage, top brokers generally offer high maximum leverage, raw or near-raw EUR/USD pricing, and fast ECN-style execution to maintain control over risk and slippage. FP Markets is an effective alternative to IC Markets because it offers leverage up to 1:500 via its international entity (with ESMA 1:30 for EU clients), very tight RAW EUR/USD pricing of 0.0–0.1 pip plus a $6 round-turn commission, and an ECN-style Raw account with low-latency infrastructure that supports precise management of leveraged positions. Pepperstone also serves as a capable substitute for IC Markets, since its professional leverage up to 1:500 on some instruments (with ESMA 1:30 and negative balance protection for retail), Razor raw EUR/USD pricing around 0.1 pip plus $7 per lot on MT4/MT5/cTrader, and deep multi-provider liquidity with ultra-fast STP execution make it feature in most high leverage Forex brokers ranking.

Choosing the best low spread forex broker requires evaluating multiple trading factors that directly impact profitability and execution quality. Traders must assess spreads, commissions, platform offerings, and regulatory compliance to identify optimal trading conditions.

The criteria for selecting the best low spread forex broker are listed below.

• Spread Analysis: Compare raw spreads starting from 0 pips across major currency pairs like EUR/USD. Forex brokers such as Pepperstone, IC Markets, and XM offer these competitive rates on their ECN accounts.
• Commission Structure: Evaluate per-lot fees ranging from $3 to $9. For instance, Fusion Markets charges $9 per lot on their Raw ECN accounts.
• Minimum Deposit Requirements: Consider account accessibility with deposits from $0. Pepperstone allows traders to start trading with zero spreads through their Razor account without a minimum deposit in place.
• Trading Platform Availability: Verify platform options such as MT4, MT5, cTrader, as IC Markets provides all three, while FxPro specializes in cTrader for low-spread execution.
• Regulatory Compliance: Confirm licensing from tier-1 authorities like ASIC, FCA, or CySEC, as regulated brokers such as Pepperstone and FP Markets offer client fund protection.
• Execution Speed: Assess order processing times under 40ms, as FP Markets and IC Markets deliver lightning-fast execution essential for scalping strategies.
• Additional Fee Structure: Review deposit, withdrawal, and inactivity charges, as Pepperstone eliminates non-trading fees while some brokers impose various administrative costs.
• Account Type Variety: Examine ECN, standard, and professional account options, as Vantage offers Raw and Pro ECN accounts with different commission structures for diverse trading styles.
• Leverage ratios: Consider maximum leverage offerings ranging from 30:1 to 500:1 depending on regulatory jurisdiction. European traders face 30:1 limits while international clients access higher leverage ratios.
• Currency pair selection: Evaluate forex pair availability spanning major, minor, and exotic combinations. Most low spread brokers provide 40-90 currency pairs for comprehensive market exposure.

In Forex brokers, ECN and STP models provide lower spreads because they use pass-through pricing from pooled liquidity sources instead of adding broker mark-ups.

ECN brokers aggregate prices from multiple participants. The brokers charge a separate commission rather than inflating the spread. Interactive Brokers passes through quotes from approximately 17 major FX dealers. IC Markets and Pepperstone stream prices from multiple Tier-1 liquidity providers. This pooled liquidity creates tight raw spreads because ECN setups eliminate the broker’s spread mark-up.

STP brokers hedge your order directly to liquidity providers without manual dealing-desk intervention. The direct routing minimizes mark-ups. CFD brokers always act as counterparty to trades (despite what many says), but in a STP model, the broker typically passes your orders straight through to external liquidity providers, earning primarily from a small commission or spread rather than trading against you. This process supports tighter, variable spreads that STP brokers can offer and highlights a key distinction when comparing ECN vs STP execution models.

The commission becomes the main fee component when ECN and STP models use pass-through pricing. IC Markets charges $3.50 per side on raw spreads. Pepperstone offers $6-7 round-trip commissions on Razor accounts. The raw spread might be 0.1 pips on EUR/USD. The all-in cost remains lower than spread-only models because dealing-desk brokers typically add 1-pip markups to cover their costs.

To evaluate raw spread against commission-based Forex brokers, you should calculate the total cost per trade by adding the raw spread to the commission converted into pips. Raw spread forex brokers like IC Markets (Raw account) and Pepperstone (Razor account) charge tight spreads (often 0.1 pips on EUR/USD) plus a separate commission per side.

Convert the commission to pips by dividing the round-trip commission in USD by the pip value per lot. For IC Markets, a $7 round-trip commission on EUR/USD equals 0.7 pips ($7 ÷ $10 pip value). Adding the 0.1 pip raw spread gives 0.8 pips all-in cost for forex trading.

Commission-free forex trading models from trading accounts like Pepperstone’s Standard account build costs into wider spreads instead. These spreads typically start at 1.0 pip or more with no separate commission. The all-in cost often matches or exceeds the raw spread models at forex brokers.

Different trading platforms affect the commission rates at forex brokers. IC Markets charges $3.50 per side on MT4/5 but $3 per side on cTrader. Pepperstone’s Razor accounts charge $6 round-trip on cTrader versus $7 on TradingView. You should calculate all-in costs for your specific pairs and lot sizes at each forex broker before choosing between raw spread and commission-free models.

When comparing fixed versus variable spread Forex brokers, you should examine average spread tables rather than minimum spreads. Fixed spreads aim to stay constant, while variable spreads change with market liquidity and volatility. Fixed spreads can widen during holidays, limited liquidity, and high volatility despite their name.

Variable spreads typically tighten during liquid trading hours in markets like London and New York. They widen significantly during news releases and illiquid sessions when comparing EUR/USD, GBP/USD, and USD/JPY pairs. Fixed spreads, at broker like AvaTrade, offer more predictability for your trading costs.

The unpopular “Requote” behavior differs between fixed and variable spread brokers when you execute trades. Fixed-spread brokers operating dealing desks may requote you during fast markets. Variable-spread NDD brokers avoid requotes, but spreads can jump sharply instead.

Guaranteed stop-loss orders (GSLOs) cost differently at fixed versus variable spread brokers. IG charges a premium for GSLOs that triggers only when the stop executes. The premium structure affects your risk management costs when trading volatile pairs.

The importance of low forex spreads depends on your trading frequency. The forex spread represents your entry and exit friction. Small differences compound if you trade frequently. Saving approximately $1,200 per trade multiplied by 100 trades on 1-lot EUR/USD equals approximately $1,200 in savings.

Active FX traders benefit significantly from tight spreads because costs accumulate across many currency positions. The spread directly affects profitability when you open and close trades multiple times per day or week.

Low forex spreads matter less for traders who hold positions infrequently. Execution quality, swap rates, and platform reliability become more important considerations for these traders than chasing the tightest possible spread. Brokers like Interactive Brokers, IC Markets, and Pepperstone offer different combinations of spread tightness and features, which makes it important to grasp what is Forex spread to better understand how these offerings compare.

You should always remember that the total trading cost includes the spread combined with commissions, financing charges (rollover swap rates), and slippage. A broker advertising ultra-low spreads might charge higher commissions or have worse execution quality. You should calculate the all-in cost per trade rather than focusing on the spread alone.

When choosing a forex broker, you should compare commissions, financing rates, execution quality (slippage), and account fees. Commissions matter when you use raw-spread accounts, for example at brokers like IC Markets, Pepperstone, and Interactive Brokers. These brokers charge per-side fees that range from $3 to $7 per standard lot on platforms including MT4, MT5, cTrader, and TradingView.

Financing rates (called swap rates) apply when you decide to hold your position overnight. You pay or receive the interest-rate differential between currency pairs at the daily rollover. Most forex brokers apply triple swap on Wednesdays to cover the weekend.

Trading costs related to execution quality includes the slippage, which is the difference between your expected price and actual fill price. A forex broker with tight spreads but poor execution can have higher Forex trading costs during volatile markets than a broker offering wider spreads with better fills.

Currency conversion fees apply when your forex broker performs a conversion between your account base currency and your trading currency. For example, Interactive Brokers charges approximately 0.03% for automatic conversions.

Account-related charges that a forex broker may impose include deposit fees, withdrawal fees, and inactivity fees. Guaranteed stop-loss orders can carry premiums, for example the brokers IG charges only if the stop triggers during market gaps.

Overnight swap rates affect trading with low-spread Forex brokers by charging you a financing fee for holding currency positions past the daily rollover time. Brokers (like OANDA) apply these rates at 5 pm New York time, calculating the interest rate differential between the two currencies in your pair plus any broker markup.

Swap rates in Forex can either debit your account or credit it. The rates vary by whether you hold a long or short position. Most currency pairs accrue three days of swap on Wednesday to account for the weekend settlement period. Most Forex brokers, like IC Markets and Pepperstone, follow this rule as standard convention.

The impact of swap rates in Forex becomes significant when you hold positions overnight or longer. Your financing costs can exceed the savings gained from choosing a broker with spreads 0.2 to 0.5 pips tighter. Carry traders especially need to compare both the long and short swap rates across brokers for their specific pairs, as the Forex swap rate differentials materially affect profit and loss over time.

Swap-free accounts exist for traders who require them, Islamic traders in particular. IC Markets offers Islamic accounts on both Raw Spread and Standard accounts, structuring fees differently to comply with religious requirements while maintaining low-spread conditions.

Semantically related topics & entities (Low spread Forex brokers):

• Zero spread brokers
• ECN brokers
• Raw spread accounts
• Commission-based trading vs spread-only pricing
• Variable vs fixed spreads
• Liquidity providers & market depth
• Scalping brokers
• High-frequency trading (HFT) compatibility
• VPS hosting for low-latency execution
• Slippage and requotes
• Swap rates (spreads vs overnight costs)

Criteria to choose a Low spread Forex broker:

• Average vs minimum spreads on major pairs (EUR/USD, GBP/USD, USD/JPY)
• ECN/STP execution model availability
• Commission fees added to raw spreads
• Transparency of spread data (live/average)
• Trading conditions for scalping and day trading
• Execution speed and slippage control
• Availability of VPS/low-latency infrastructure
• Regulation of broker’s ECN/STP model
• Swap costs in addition to spreads
• Consistency of spreads during volatile sessions (news events, rollovers)