Low Spread Forex Brokers

Low spread forex brokers are preferred by traders because the spread—the difference between the bid and ask price—directly affects trading costs. Brokers offering consistently low spreads enable tighter trade entries and exits, which is especially beneficial for scalpers and high-frequency traders.

This article highlights some of the best low spread forex brokers, their key features, and what to consider.

Why Low Spread Matters

Reduces transaction costs
Enables tighter stop-loss and take-profit levels
Improves trade execution quality
Vital for active and short-term trading strategies

Top Low Spread Forex Brokers

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 execution, deep liquidity, multiple platforms

2. Pepperstone

Average EUR/USD Spread: From 0.0 pips (Razor Account)
Commission: $3.5 per 100k traded (round turn)
Features: Fast execution, MT4/MT5/cTrader support

3. Exness

Average EUR/USD Spread: From 0.1 pips
Commission: Varies by account type
Features: Instant withdrawals, high leverage options

4. Tickmill

Average EUR/USD Spread: From 0.0 pips
Commission: $2 per 100k traded (round turn)
Features: ECN broker, low commission fees

5. FxPro

Average EUR/USD Spread: From 0.0 pips (cTrader Account)
Commission: Yes, varies by account
Features: Multiple platforms, institutional pricing

6. HotForex (HFM)

Average EUR/USD Spread: From 0.0 pips (Zero Spread Account)
Commission: No commission; spreads included
Features: Multiple account types, bonuses

7. XM

Average EUR/USD Spread: From 0.6 pips
Commission: No commission on standard accounts
Features: Educational resources, bonuses

Things to Consider

Zero spreads often come with commissions, so calculate total trading costs
Spreads may widen during volatile market conditions
Check if spreads are fixed or variable
Confirm broker regulation for safety and reliability

Key Takeaways

IC Markets and Pepperstone are known for ultra-low spreads and ECN execution
Low spreads benefit scalpers and active traders the most
Total costs include spreads plus commissions on ECN accounts
Always prioritize regulated brokers with transparent pricing

Frequently Asked Questions

Which forex brokers have the lowest spreads?

IC Markets and Pepperstone consistently offer some of the lowest spreads.

Are zero spreads truly free?

No, brokers usually charge commissions alongside zero spreads.

Can spreads widen during news events?

Yes, spreads often increase during high volatility.

Are fixed spreads better than variable?

Fixed spreads offer predictability but are often higher than variable spreads.

How can I check current spreads?

Many brokers show live spreads on their websites or trading platforms.

Low Spread Forex Brokers

Why Low Spread Matters