Best Low Spread Forex Brokers for 2024

Below you will find a list of Forex Brokers that have relatively low spreads on major currency pairs. Spread size plays an important role in trading, especially for scalpers and intraday traders. Most favorable conditions are usually offered on STP and ECN accounts. Occasionally, you can even catch a glimpse of a zero spread on EURUSD. Nevertheless, keep in mind that spreads get wider at low liquidity periods of time and on market news releases. Furthermore, the broker may charge an additional commission everytime you open or close a trade. On currency pairs, it usually stays around 2-5 USD per side, for every 1.0 lot traded. On other different CFDs, it can be notably higher.

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FP Markets FP Markets (2005) Leverage: up to 1:500 Deposit: from 100 AUD Spreads:  low  low Location: Australia Cyprus Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web MetaTrader 4 MetaTrader 5 cTrader TradingView Specific Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay Perfect Money Bitcoin Bitсoin Cash Ethereum Liteсoin Dash Ripple Tether Google Pay Apple Pay SticPay TIO Markets TIO Markets (2019) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Mwali Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay Bitcoin Ethereum Tether 4XC 4XC (2018) Leverage: up to 1:500 Deposit: from 10 USD Spreads:  low  low Location: New Zealand Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Perfect Money Bitcoin Bitсoin Cash Ethereum Dash Tether SticPay TradeView TradeView (2004) Leverage: up to 1:400 Deposit: from 100 USD Spreads:  low  low Location: Cayman Islands Instruments: Currencies Crypto Indices Metals Energies Stocks ETFs Platforms: MetaTrader 4 MetaTrader 5 cTrader Currenex Specific FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay ePayments BitWallet Uphold BitPay EcoPayz SticPay PayTrust88 RoboForex RoboForex (2009) Leverage: up to 1:2000 Deposit: from 10 USD Spreads:  low  low Location: Belize Instruments: Currencies Indices Metals Energies Stocks ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Specific Social Platform Wire Transfer Credit Cards PayPal Skrill Neteller Perfect Money Trustly iDeal Sofort Bitcoin Bitсoin Cash Ethereum Liteсoin Ripple Tether Giropay SticPay AstroPay Przelewy24 PrimeXBT PrimeXBT (2018) Leverage: up to 1:1000 Deposit: from 0.0001 BTC Spreads:  low  low Location: Marshall Islands Seychelles Instruments: Currencies Crypto Indices Metals Energies Platforms: Web Specific Wire Transfer Credit Cards Bitcoin Ethereum Tether VantageFX VantageFX (2009) Leverage: up to 1:500 Deposit: from 200 USD Spreads:  low  low Location: Australia UK Cayman Islands Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay UnionPay Bpay POLi AstroPay Hankotrade Hankotrade (2018) Leverage: up to 1:500 Deposit: from 10 USD Spreads:  low  low Location: Mwali Instruments: Currencies Crypto Indices Metals Energies Platforms: Web Specific Bitcoin Bitсoin Cash Ethereum Liteсoin Tether M4Markets M4Markets (2019) Leverage: up to 1:1000 Deposit: from 5 USD Spreads:  low  low Location: Cyprus UAE Seychelles Instruments: Currencies Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Social Platform Wire Transfer Skrill Neteller PayRedeem FasaPay UnionPay Perfect Money BitWallet SticPay Alipay FXCC FXCC (2010) Leverage: up to 1:500 * Deposit: from 20 USD Spreads:  low  low Location: Cyprus Vanuatu Instruments: Currencies Crypto Indices Metals Energies Platforms: MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller UnionPay Sofort Bitcoin Ethereum Liteсoin Tether BitPay PaySafeCard ForexMart ForexMart (2015) Leverage: up to 1:3000 Deposit: from 15 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 Specific Social Platform Wire Transfer Credit Cards Skrill Neteller FasaPay Bitcoin Bitсoin Cash Tether PF Derivatives PF Derivatives (1999) Leverage: up to 1:300 Deposit: from 5 USD Spreads:  low  low Location: New Zealand Instruments: Currencies Indices Metals Energies Platforms: MetaTrader 4 FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller UnionPay iDeal Sofort POLi Giropay Przelewy24 IC Markets IC Markets (2007) Leverage: up to 1:500 * Deposit: from 200 USD Spreads:  low  low Location: Australia Cyprus Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Platforms: Web MetaTrader 4 MetaTrader 5 cTrader TradingView Social Platform FIX API (protocol) Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay UnionPay BitPay Bpay POLi Klarna GO Markets GO Markets (2006) Leverage: up to 1:500 * Deposit: from 200 AUD Spreads:  low  low Location: Australia Cyprus Mauritius Instruments: Currencies Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay Bpay POLi FxOpen FxOpen (2005) Leverage: up to 1:500 * Deposit: from 1 USD Spreads:  low  low Location: Australia UK Saint Kitts and Nevis Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 TradingView Specific FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay WebMoney Perfect Money Yandex Money Qiwi Bitcoin Ethereum Liteсoin RBK Money Intellect Money PaySafeCard CityIndex CityIndex (1983) Leverage: up to 1:30 Deposit: from 10 USD Spreads:  low  low Location: Australia UK UAE Singapore Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Interest Rates Platforms: Web MetaTrader 4 TradingView Specific Wire Transfer Credit Cards PayPal Bpay HFM HFM (2007) Leverage: up to 1:2000 * Deposit: from 5 USD Spreads:  low  low Location: UK Cyprus South Africa UAE Saint Vincent and the Grenadines Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Bonds Platforms: Web MetaTrader 4 MetaTrader 5 FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller PayRedeem FasaPay UnionPay WebMoney Bitcoin Ethereum Liteсoin Tether BitPay Darwinex Darwinex (2012) Leverage: up to 1:30 Deposit: from 500 USD Spreads:  low  low Location: UK Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: MetaTrader 4 MetaTrader 5 Social Platform FIX API (protocol) Wire Transfer Credit Cards PayPal Skrill UnionPay Trustly Anzo Capital Anzo Capital (2015) Leverage: up to 1:500 Deposit: from 100 USD Spreads:  low  low Location: Australia Belize Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay WebMoney Yandex Money Qiwi BitWallet POLi IG Markets IG Markets (1974) Leverage: up to 1:200 * Deposit: from 300 USD Spreads:  low  low Location: Australia UK Switzerland UAE Singapore Japan Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Interest Rates Platforms: Web MetaTrader 4 Specific FIX API (protocol) Wire Transfer Credit Cards PayPal Bpay OctaFX OctaFX (2011) Leverage: up to 1:500 Deposit: from 25 USD Spreads:  low  low Location: Saint Lucia Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Specific Wire Transfer Credit Cards Skrill Neteller Bitcoin Ethereum Liteсoin Tether IFS Markets IFS Markets (2008) Leverage: up to 1:400 Deposit: from 5 AUD Spreads:  low  low Location: Australia UAE Saint Vincent and the Grenadines Instruments: Currencies Indices Metals Energies Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay POLi TickMill TickMill (2015) Leverage: up to 1:500 * Deposit: from 100 USD Spreads:  low  low Location: UK Cyprus South Africa Malaysia Seychelles Instruments: Currencies Indices Metals Energies Bonds Platforms: Web MetaTrader 4 FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Qiwi Sofort PaySafeCard SticPay DotPay AvaTrade AvaTrade (2007) Leverage: up to 1:400 * Deposit: from 100 USD Spreads:  low  low Location: Australia Ireland Poland South Africa UAE Japan British Virgin Islands Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Specific Social Platform Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay UnionPay Perfect Money iDeal Giropay AstroPay SafetyPay Klarna Przelewy24 ZotaPay Admiral Markets Admiral Markets (2001) Leverage: up to 1:1000 * Deposit: from 200 USD Spreads:  low  low Location: Australia UK Cyprus Seychelles Instruments: Currencies Crypto Indices Metals Energies Stocks Bonds ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller UnionPay Trustly iDeal POLi AstroPay SafetyPay Klarna Przelewy24 ZotaPay Dukascopy Dukascopy (1998) Leverage: up to 1:200 Deposit: from 100 USD Spreads:  low  low Location: Switzerland Latvia Japan Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web MetaTrader 4 Specific Binary Platform FIX API (protocol) Wire Transfer Credit Cards XM Group XM Group (2009) Leverage: up to 1:888 Deposit: from 5 USD Spreads:  low  low Location: Australia UK Cyprus UAE Belize Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller WebMoney Yandex Money Qiwi Z.com Trade Z.com Trade (2011) Leverage: up to 1:30 Deposit: from 50 USD Spreads:  low  low Location: UK Hong Kong Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 Specific Wire Transfer Credit Cards PayPal Skrill Neteller WebMoney Yandex Money Trustly Qiwi iDeal Sofort POLi Giropay Moneta Ru Global Prime Global Prime (2010) Leverage: up to 1:100 Deposit: from 200 AUD Spreads:  low  low Location: Australia Seychelles Vanuatu Instruments: Currencies Crypto Indices Metals Energies Softs Platforms: Web MetaTrader 4 TradingView Specific FIX API (protocol) Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay Perfect Money Bitcoin Tether POLi AstroPay LeoPrime LeoPrime (2017) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  low  low Location: Marshall Islands Seychelles Vanuatu Instruments: Currencies Crypto Indices Metals Energies Platforms: MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller UnionPay Perfect Money Alipay Exness Exness (2008) Leverage: up to 1:2000 * Deposit: from 1 USD Spreads:  low  low Location: UK Cyprus Seychelles Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller WebMoney Perfect Money Yandex Money Qiwi Bitcoin Tether Axi Axi (2007) Leverage: up to 1:500 Deposit: from 5 USD Spreads:  low  low Location: Australia UK UAE Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Softs Platforms: Web MetaTrader 4 FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay iDeal Sofort Bpay POLi Giropay LMFX LMFX (2015) Leverage: up to 1:1000 Deposit: from 50 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller PayRedeem FasaPay Bitcoin CoreSpreads CoreSpreads (2014) Leverage: up to 1:30 Deposit: from 10 USD Spreads:  low  low Location: Australia UK Instruments: Currencies Crypto Indices Metals Energies Stocks Bonds Platforms: Web MetaTrader 4 Specific Wire Transfer Credit Cards POLi CMC Markets CMC Markets (1989) Leverage: up to 1:500 * Deposit: from 200 USD Spreads:  low  low Location: Australia New Zealand Canada UK Germany Singapore Instruments: Currencies Indices Metals Energies Softs Stocks Bonds ETFs Interest Rates Platforms: Web MetaTrader 4 Specific FIX API (protocol) Wire Transfer Credit Cards POLi Vipro Markets Vipro Markets (2015) Leverage: up to 1:500 * Deposit: from 100 USD Spreads:  low  low Location: UK Cyprus South Africa Malaysia Seychelles Instruments: Currencies Indices Metals Energies Bonds Platforms: Web MetaTrader 4 FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Qiwi Sofort PaySafeCard SticPay DotPay PaxForex PaxForex (2010) Leverage: up to 1:500 Deposit: from 10 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Stocks Platforms: MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller FasaPay WebMoney Perfect Money Qiwi Bitcoin Ethereum Uphold TradersWay TradersWay (2011) Leverage: up to 1:1000 Deposit: from 5 USD Spreads:  low  low Location: Dominica Instruments: Currencies Crypto Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 cTrader Wire Transfer Credit Cards Skrill Neteller FasaPay Perfect Money Bitcoin Ethereum Liteсoin Ripple Tether AAFX AAFX (2015) Leverage: up to 1:2000 Deposit: from 100 USD Spreads:  low  low Location: Mwali Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay WebMoney Perfect Money Bitcoin AAAFx AAAFx (2007) Leverage: up to 1:500 * Deposit: from 10 USD Spreads:  low  low Location: Greece South Africa Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Specific Wire Transfer Credit Cards Skrill Neteller UnionPay Qiwi iDeal Sofort Bitcoin Ethereum Tether Giropay AstroPay Przelewy24 Plus500 Plus500 (2008) Leverage: up to 1:300 Deposit: from 100 USD Spreads:  low  low Location: Australia New Zealand UK Estonia Cyprus Singapore Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web Specific Wire Transfer Credit Cards PayPal Skrill EightCap EightCap (2009) Leverage: up to 1:500 Deposit: from 100 USD Spreads:  low  low Location: Australia Bahamas Seychelles Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 TradingView Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay UnionPay Bitcoin Tether Bpay POLi MTrading MTrading (2014) Leverage: up to 1:1000 Deposit: from 100 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller FasaPay Perfect Money Bitcoin Tether BCR BCR (2008) Leverage: up to 1:400 Deposit: from 300 USD Spreads:  low  low Location: Australia British Virgin Islands Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: MetaTrader 4 Wire Transfer Credit Cards PayPal Skrill Neteller UnionPay POLi SimpleFX SimpleFX (2014) Leverage: up to 1:500 Deposit: from 1 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 Specific FIX API (protocol) FasaPay Bitcoin Bitсoin Cash Ethereum Liteсoin Dash Tether Forex.ee Forex.ee (1998) Leverage: up to 1:500 Deposit: from 50 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Metals Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller FasaPay WebMoney Perfect Money Qiwi Bitcoin Bitсoin Cash Ethereum Liteсoin Forex4you Forex4you (2007) Leverage: up to 1:1000 Deposit: from 1 USD Spreads:  low  low Location: British Virgin Islands Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 Specific FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller WebMoney Tether INGOT Brokers INGOT Brokers (2006) Leverage: up to 1:500 Deposit: from 100 USD Spreads:  low  low Location: Australia Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards PayPal Bitcoin Ethereum Tether POLi Advanced Markets Advanced Markets (2006) Leverage: up to 1:100 Deposit: from 2500 USD Spreads:  low  low Location: Cayman Islands Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 Specific FIX API (protocol) Wire Transfer NordFX NordFX (2008) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  low  low Location: Saint Lucia Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay Perfect Money Bitcoin Ethereum Liteсoin Tether SticPay Renesource Capital Renesource Capital (1998) Leverage: up to 1:30 Deposit: from 10 USD Spreads:  low  low Location: Latvia Instruments: Currencies Indices Metals Energies Stocks Bonds ETFs Platforms: MetaTrader 4 Currenex CQG Specific FIX API (protocol) Wire Transfer Finotec Finotec (2007) Leverage: up to 1:30 Deposit: from 200 USD Spreads:  low  low Location: UK Instruments: Currencies Indices Metals Energies Platforms: MetaTrader 4 Currenex FIX API (protocol) Wire Transfer Credit Cards AMarkets AMarkets (2007) Leverage: up to 1:3000 Deposit: from 100 USD Spreads:  low  low Location: New Zealand Saint Vincent and the Grenadines Mwali Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Neteller FasaPay Perfect Money AdvCash Bitcoin Ethereum Liteсoin Tether Price Markets Price Markets (2013) Leverage: up to 1:30 Deposit: from 500 USD Spreads:  low  low Location: UK Instruments: Currencies Indices Metals Energies Bonds Platforms: Web MetaTrader 4 Currenex Specific FIX API (protocol) Wire Transfer Credit Cards UnionPay WebMoney Trustly iDeal Sofort POLi Giropay AstroPay Moneta Ru Przelewy24 Saxo Bank Saxo Bank (1992) Leverage: up to 1:30 Deposit: from 2000 USD Spreads:  low  low Location: Australia UK Switzerland Denmark UAE Singapore Hong Kong Japan Instruments: Currencies Indices Metals Energies Softs Stocks Bonds ETFs Interest Rates Platforms: Web Specific FIX API (protocol) Wire Transfer Credit Cards Arum Capital Arum Capital (2017) Leverage: up to 1:30 Deposit: from 500 USD Spreads:  low  low Location: Cyprus Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 5 FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller Qiwi Pepperstone Pepperstone (2010) Leverage: up to 1:200 Deposit: from 200 AUD Spreads:  low  low Location: Australia UK Germany Cyprus UAE Bahamas Instruments: Currencies Crypto Indices Metals Energies Softs Platforms: Web MetaTrader 4 MetaTrader 5 cTrader Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay UnionPay Qiwi Bpay POLi Think Markets Think Markets (2010) Leverage: up to 1:500 * Deposit: from 5 USD Spreads:  low  low Location: Australia New Zealand UK Cyprus South Africa UAE Japan Cayman Islands Mauritius Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Specific FIX API (protocol) Wire Transfer Credit Cards PayPal Skrill Neteller BitPay Bpay POLi XtreamForex XtreamForex (2015) Leverage: up to 1:1000 Deposit: from 5 USD Spreads:  low  low Location: Marshall Islands Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay WebMoney Perfect Money Qiwi Bitcoin JustForex JustForex (2012) Leverage: up to 1:3000 Deposit: from 1 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Skrill Neteller FasaPay Perfect Money Qiwi BitWallet SticPay Infinox Infinox (2009) Leverage: up to 1:1000 Deposit: from 50 USD Spreads:  low  low Location: UK Bahamas Mauritius Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 CQG Specific Social Platform FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller Perfect Money EcoPayz SticPay AstroPay ZotaPay MultiBank Group MultiBank Group (2005) Leverage: up to 1:500 Deposit: from 50 USD Spreads:  low  low Location: Australia Austria Germany Spain UAE Singapore British Virgin Islands Cayman Islands Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller UnionPay Perfect Money Bitcoin POLi PayTrust88 FXPrimus FXPrimus (2009) Leverage: up to 1:1000 Deposit: from 15 USD Spreads:  low  low Location: Vanuatu Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 cTrader Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Bitcoin EcoPayz SafeCharge BlackBull Markets BlackBull Markets (2014) Leverage: up to 1:500 Deposit: from 200 USD Spreads:  low  low Location: New Zealand Instruments: Currencies Indices Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 TradingView FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay xChief xChief (2014) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  low  low Location: Mwali Instruments: Currencies Crypto Indices Metals Energies Platforms: MetaTrader 4 MetaTrader 5 Specific Wire Transfer Credit Cards Skrill Neteller FasaPay Perfect Money AdvCash Bitcoin Bitсoin Cash Ethereum Liteсoin Ripple Skilling Skilling (2016) Leverage: up to 1:500 Deposit: from 100 USD Spreads:  low  low Location: Cyprus Seychelles Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 cTrader Specific Wire Transfer Credit Cards PayPal Skrill Neteller WebMoney Trustly Google Pay Apple Pay AstroPay Klarna Axiory Axiory (2012) Leverage: up to 1:500 Deposit: from 100 USD Spreads:  low  low Location: Belize Instruments: Currencies Indices Metals Energies Platforms: Web MetaTrader 4 cTrader FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller PayRedeem BitPay SticPay XBTFX XBTFX (2019) Leverage: up to 1:500 Deposit: from 0.0001 BTC Spreads:  low  low Location: Seychelles Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 5 cTrader Specific Wire Transfer Bitcoin Bitсoin Cash Ethereum Liteсoin Dash Ripple Tether Just2Trade Just2Trade (2015) Leverage: up to 1:30 Deposit: from 100 USD Spreads:  low  low Location: Cyprus Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web MetaTrader 4 MetaTrader 5 CQG Specific FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller UnionPay WebMoney Yandex Money Trustly Qiwi iDeal Bitcoin Ethereum Tether POLi Giropay Moneta Ru Klarna Przelewy24 Alipay Arum Trade Arum Trade (2018) Leverage: up to 1:200 Deposit: from 1 USD Spreads:  low  low Location: Vanuatu Instruments: Currencies Crypto Indices Metals Energies Platforms: MetaTrader 5 FIX API (protocol) Skrill Neteller Perfect Money AstroPay FxPig FxPig (2011) Leverage: up to 1:500 Deposit: from 200 USD Spreads:  low  low Location: Vanuatu Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: MetaTrader 4 cTrader FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller Bitcoin Uphold iForex iForex (2012) Leverage: up to 1:400 * Deposit: from 100 USD Spreads:  low  low Location: UK Cyprus British Virgin Islands Instruments: Currencies Crypto Indices Metals Energies Softs Stocks ETFs Platforms: Web Specific Social Platform Wire Transfer Credit Cards Skrill Neteller TMGM TMGM (2013) Leverage: up to 1:500 Deposit: from 100 USD Spreads:  low  low Location: Australia New Zealand Mauritius Vanuatu Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Specific Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay POLi SticPay Alipay ETX Capital ETX Capital (1965) Leverage: up to 1:30 Deposit: from 100 USD Spreads:  low  low Location: UK Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Interest Rates Platforms: MetaTrader 4 Specific Social Platform Wire Transfer Credit Cards Skrill Neteller UnionPay Fondex Fondex (2017) Leverage: up to 1:500 Deposit: from 1 USD Spreads:  low  low Location: Cyprus Seychelles Instruments: Currencies Crypto Indices Metals Energies Stocks ETFs Platforms: Web cTrader Wire Transfer Credit Cards PayPal Skrill Neteller WebMoney Yandex Money Sofort Bitcoin Bitсoin Cash Ethereum Liteсoin POLi Giropay PaySafeCard Przelewy24 PayTrust88 Doo Prime Doo Prime (2014) Leverage: up to 1:400 Deposit: from 100 USD Spreads:  low  low Location: Mauritius Vanuatu Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: MetaTrader 4 MetaTrader 5 TradingView Specific Social Platform FIX API (protocol) Wire Transfer Credit Cards PayPal UnionPay Bitcoin Ethereum Tether PayTrust88 ForexVox ForexVox (2020) Leverage: up to 1:500 Deposit: from 100 USD Spreads:  low  low Location: UK Seychelles Instruments: Currencies Indices Metals Energies Platforms: Web MetaTrader 4 Social Platform FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller UnionPay Trustly SticPay Alipay AZAforex AZAforex (2016) Leverage: up to 1:1000 Deposit: from 1 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web Specific Binary Platform Wire Transfer Credit Cards Skrill Neteller Perfect Money Qiwi AdvCash Bitcoin Bitсoin Cash Ethereum Liteсoin Dash Tether Uphold Payeer Trade Nation Trade Nation (2019) Leverage: up to 1:200 Deposit: from 10 USD Spreads:  low  low Location: Australia UK South Africa Bahamas Instruments: Currencies Indices Metals Energies Stocks Bonds Platforms: Web MetaTrader 4 Specific Wire Transfer Credit Cards Skrill VT Markets VT Markets (2016) Leverage: up to 1:500 Deposit: from 200 USD Spreads:  low  low Location: Australia UK Cayman Islands Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay Tether Bpay POLi
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Did you know?

The major trading cost to the forex trader is the spread, which is the difference between the bid and ask prices of a forex pair. The desire to get the lowest trading spreads has become one of the major forex brokerage selection criteria.

There is a lot of competition for traders in the market right now, and one of the incentives used by brokers is to offer lower spreads than the competition. This article will seek to explain the benefits of using low spreads, and will introduce the low spread forex brokers that we have identified as being the best for you to work with.

The concept of the spread

Spreads are the difference between the bid and ask prices in the market. To explain this further, the spread is the difference between the price at which the dealer buys the asset from another trader or from the interbank market, and what the trader eventually buys the asset from the dealer. The difference is known as the spread and represents the compensation to the broker for providing the trader with access to the forex market.

Spreads are a function of how much a broker is willing to sell an asset to traders, as well as how liquid the asset is. Liquid currency pairs such as the EUR/USD and GBP/USD typically attract lower spreads than the illiquid pairings that feature currencies such as the Norwegian, Danish and Swedish Crowns, or the South African Rand. Spreads can also be affected by volatility, and it is possible for spreads to widen considerably when the markets are very volatile: a phenomenon known as slippage.

Trading costs are cumulative and can add up quickly. That is why it is essential to operate with a broker that not only gives you low spreads under normal market conditions, but also under conditions of excessive volatility. Such forex companies are the best low spread brokers.

It is all about being able to keep more money in your pocket at the end of the day. In the following sections, a demonstration will be made of how tight spreads can impact the trader’s capital in monetary terms and how much can be saved over time from even the minutest reductions in spread.

What low spread trading means for a trader

The use of low spread brokers impacts traders in several ways.

Infographics: What low spread trading means for a trader

The effect of low spreads on the trader’s money

Perhaps the most important factor here has to do with how much a trader can save from trading with low spread brokers, and this is typified in the example that is set out below.

A trader wants to trade 5 Standard Lots position (worth $50 per pip) on GBP/USD using an ECN platform and is offered the following prices by one liquidity provider:

Another liquidity provider offers the trader pricing as follows:

Trade execution using Broker 1’s pricing with a spread of 1.5 pips will lead to a spread cost of $75. Execution using Broker 2’s pricing will lead to a spread cost of $50. Savings on the spread for this trade will be $75 -$50 = $25.

Assuming the trader takes 20 of such trades in a month, this translates into savings of $25 X 20 = $500. 250 of such trades in a year will lead to savings of $25 X 250 = $6,250.

When trading CFDs on commodities or trading assets such as gold which usually have large spreads, there can be significant cost savings on spreads between two brokers. This goes to show the benefit of using low spread brokers for trading.

Key requirements for low spread trading

It is one thing for a broker to advertise “low” spreads, but it is another thing for the trader to really get these tight spreads in real market conditions. Here are the key things to look out for to ensure that you are really trading with low spreads.

Infographics: Key requirements for low spread trading

Low spread brokers for you

Our list of low spread brokers features brokers from various jurisdictions. These brokers offer some of the lowest spreads over a wide range of markets. Some of the brokers have ECN platforms and can provide you with aggregated pricing from various liquidity providers. For instance, TradeView has close to 5,000 assets that can be traded on its platforms, using low spreads, and typically uses its proprietary price aggregation engine to deliver pricing from as many as 8 liquidity providers.

Feel free to check out each of these brokers and what they have to offer, and start trading under tight spread conditions today for more profitable and cost-effective trading.

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