We found 11 online brokers that are appropriate for Trading Low Spread Forex Platforms.
Spreads are said to be low when they are beneath the average in the Forex market. Several spreads may begin at one pip. While this value can be considered to be low on a few traded Forex markets, in other markets such as those selling commodities, this value can be greater.
Low spreads are worth it since a spread is virtually a commission provided by the broker. If you are using trading techniques like scalping, low spreads can be valuable. However, you should always ensure that you evaluate your broker carefully to find out if there are any hidden charges.
Forex spreads is an important factor to consider when calculating your trading cost. A spread is the difference between the selling price and the bid price of an asset. This price difference is determined in another term known as 'pip'. Pips represent the percentage in points. In Forex trading, one pip is equivalent to one point movement in market value, depending on the 4th decimal place in the currency pair traded.
However, one of the exceptions to the usual pip calculation are the JPY Forex pairs. For example, the USD/JPY pair is calculated to two decimal places rather than four. This means that where one pip would be 0.01 for the USD/JPY, it would be 0.0001 for EUR/USD.
In several instances, where you can see a licensed Forex broker providing a zero pips spread. In such an occasion, you should be ready for the spread to differ based on the volatility and volume of the foreign exchange market at any time.
Additionally, you should be aware of any commission that may apply to zero spreads or low spread trading since the spread is the major source of income for a broker. Additional commissions will usually be measured based on the currency traded per lot, and is normally lower than five dollars depending on the market.
Picking a foreign exchange broker with the spreads provided is one factor to consider. However, you also need to be able to evaluate and consider the amount that the spread is going to cost you. Though a broker may possess the cheapest Forex spreads, you should be careful of any other fees involved.
Another factor you should consider when searching for a suitable Forex broker is to check carefully for any commission per lot fees. Even for Forex brokers with the lowest spread, this standard commission fee is normally about seven dollars per lot. What this means is that if you open a position for about 0.5 standard lots, you will need to pay a commission of about 3.50 dollars on opening. This is one of the methods that brokers use to charge fees.
In other less common instances, you may see commissions termed as 'round turn' instead. In these situations, a round turn commission of seven dollars is the same as 3.50 dollars on opening and closing trade. These are important considerations that all traders should take note of.
Searching for the perfect low spread Forex broker is beneficial for several traders. However, for traders such as scalpers, a Forex broker with low commissions and low spreads is not sufficient. Of course, scalpers will normally choose Forex brokers with low deposits and spreads, but they will also require the ability to utilize leverage and swift order execution to earn money with their method of trading, which depends on a huge number of trades.
If you aim to use the scalping strategy, it is important to know that within the UK and EU, the biggest leverage offered by any regulated Forex broker to retail traders is 30:1. A part of these regulated Forex brokers providing this high leverage is known as IC Markets. IC Markets, together with some others, can provide high leverage of about 500:1 to some traders based outside the UK and EU. However, there also exist other brokers who can offer a larger leverage ratio.
Overall, while a broker offering low spreads is very beneficial for most traders, this does not necessarily mean that you will be able to cut costs. In many cases, brokers offering low to no spreads will require payment of commissions for other services provided. Additionally, for traders looking to use the scalping strategy, looking for a broker offering low spreads is simply not enough. Therefore, traders should not only focus on looking for brokers offering low spreads, but also check that all services provided by the broker are in line with their trading strategies.
We've collected thousands of datapoints and written a guide to help you find the best Forex broker with low spread for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Low Spread Forex Platforms below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Low Spread Forex Platforms trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Low Spread Forex Platforms.
Compare Low Spread Forex Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Low Spread Forex Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Low Spread Forex Platforms that accept Low Spread Forex Platforms clients
Broker |
eToro
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IC Markets
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XTB
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FP Markets
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Roboforex
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 1 | 100 | 200 | 100 | 5 | 100 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 10,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with xm |
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Up with fxprimus |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Your capital is at risk | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Roboforex Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | US, JP | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
You can compare Low Spread Forex Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Low Spread Forex Platforms for 2021 article further below. You can see it now by clicking here
We have listed top Low Spread Forex Platforms below.