Low spreads are crucial for forex traders as they directly impact trading costs and profitability, especially for scalpers and high-frequency traders. Brokers offering the lowest spreads typically provide tighter bid-ask price differences, sometimes as low as 0.0 pips, often paired with commissions for transparency.
This article lists the best forex brokers with the lowest spreads, highlighting their key features and trading conditions.
Why Choose Brokers with Low Spreads?
- Reduce overall trading costs
- Allow tighter stop-loss and take-profit levels
- Improve execution efficiency for active strategies
- Benefit scalping and automated trading
Top Forex Brokers with Lowest Spread
1. IC Markets
- Average EUR/USD Spread: From 0.0 pips (Raw Spread Account)
- Commission: $3.5 per 100k traded round turn
- Features: True ECN, deep liquidity, fast execution
2. Pepperstone
- Average EUR/USD Spread: From 0.0 pips (Razor Account)
- Commission: $3.5 per 100k traded round turn
- Features: Multiple platforms, low latency
3. Exness
- Average EUR/USD Spread: From 0.1 pips
- Commission: Varies by account
- Features: Instant withdrawals, flexible leverage
4. Tickmill
- Average EUR/USD Spread: From 0.0 pips
- Commission: $2 per 100k traded round turn
- Features: ECN pricing, low commissions
5. FxPro
- Average EUR/USD Spread: From 0.0 pips (cTrader Account)
- Commission: Yes, varies by account type
- Features: Multi-platform support, institutional pricing
6. HotForex (HFM)
- Average EUR/USD Spread: From 0.0 pips (Zero Spread Account)
- Commission: No commission, spreads included
- Features: Bonuses, micro accounts
7. XM
- Average EUR/USD Spread: From 0.6 pips
- Commission: No commission on standard accounts
- Features: Bonuses, educational resources
Things to Consider
- Zero or very low spreads often come with commissions
- Spreads can widen during volatile market conditions or low liquidity
- Always consider total trading cost = spread + commission
- Check if the broker offers fixed or variable spreads
Key Takeaways
- IC Markets and Pepperstone are leaders in offering raw spreads from 0.0 pips
- Low spreads benefit frequent and scalping traders
- Consider commissions alongside spreads to assess real costs
- Ensure brokers are regulated and reliable
Frequently Asked Questions
Which broker has the lowest spread?
IC Markets and Pepperstone consistently offer the lowest raw spreads.
Are zero spreads really free?
No, brokers usually charge commissions when offering zero spreads.
Do spreads widen during news events?
Yes, spreads typically increase with market volatility.
Can I get fixed low spreads?
Some brokers offer fixed spreads but usually at higher average costs.
How to check live spreads?
Most brokers display live spreads on their websites or trading platforms.
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