Low Spread Forex Brokers for 2024

We found 11 online brokers that are appropriate for Trading Low Spread Forex Brokers Investment Platforms.

Low Spread Forex Brokers Guide

Analysis by Andrew Blumer, Updated and fact checked by Senad Karaahmetovic, Last updated - May 10, 2024

Low Spread Forex Brokers

Low Spread Forex Brokers are financial institutions that provide traders the ability to trade foreign currencies with relatively low spreads. The spread is the difference between the bid (sell) price and the ask (buy) price of the pair like EUR/USD.

Lower spreads mean less cost to the trader for each trade executed, which can significantly affect profitability, especially for high-volume traders or those who prefer scalping or day trading strategies.

By offering low spreads, these brokers facilitate more cost-effective trading, allowing traders to maximize their potential returns on the forex market. Selecting a low spread broker is crucial for traders looking to minimize their trading costs and enhance their trading performance.

Best Low Spread Forex Brokers

IC Markets

IC Markets Platform Overview

IC Markets stands out for Forex traders seeking low spreads and rapid execution. With advanced trading platforms like MT4, MT5, cTrader, and TradingView, coupled with a robust infrastructure, IC Markets ensures minimal latency and lightning-fast execution, averaging just 40ms. Their commitment to tight spreads across various financial instruments, including Forex, makes them a top choice for traders focused on precision and maximizing returns.

IC Markets is favored by experienced traders for its tight spreads and quick order execution. Offering access to a wide range of assets, including Forex and cryptocurrencies, it's ideal for scalpers and day traders who rely on swift market movements. Regulated by ASIC (Australia) and CySEC (Cyprus), IC Markets provides a secure trading environment.

IC Markets Forex spreads

RoboForex

RoboForex Platform Overview

RoboForex appeals to Forex traders seeking flexibility and competitive fees, particularly with ultra-low spreads starting virtually at zero. Their high leverage options and adaptability across platforms like MT4 and MT5 ensure seamless trading experiences. While offering features like EA scripting and high leverage, traders should remain mindful of associated risks. RoboForex's swift execution and intuitive design make it a compelling choice for capitalizing on rapid market movements.

RoboForex Forex spreads

XTB

XTB Platform Overview

XTB caters to traders seeking low spreads with its in-depth market analysis and educational resources. Their comprehensive education section appeals to traders of all levels. Regulated by the FCA and CySEC, XTB ensures a safe trading environment in Europe. Forex traders engaging in high volume trades at XTB can qualify for a discount on their trading spreads. The discount range varies between 5% and 30%, contingent upon the monthly trading volume. To be eligible for a 5% discount, traders must exceed 20 lots per month, with higher volumes leading to greater discounts. This incentive is designed to reduce trading costs for active traders who meet the specified lot requirements within a 30-day timeframe. For detailed terms and further information, visiting the official XTB website is recommended.

XTB standard / pro account spreads

XTB lower spreads discount for high volume traders

XM

XM Screenshot

XM provides a well-rounded platform with a focus on customer support, appealing to traders who want access to reliable assistance and a wide range of assets. Regulated by ASIC, CySEC, and the IFSC, XM offers a high degree of regulatory oversight.

XM Forex spreads

Pepperstone

Pepperstone Platform Overview

Pepperstone excels in customer satisfaction and offers diverse trading options, catering to various trader preferences. Backed by regulatory oversight from the FCA and ASIC, Pepperstone ensures integrity and reliability in its trading environment.

Each broker offers a unique set of strengths for Forex traders, but it's crucial to conduct thorough research and consider regulatory oversight for optimal trading outcomes. By prioritizing brokers regulated by authorities like FCA, traders can navigate the trading landscape confidently.

Pepperstone Forex spreads

AvaTrade

AvaTrade Screenshot

AvaTrade offers versatility with numerous funding and withdrawal options, ideal for CFD traders with diverse needs. Their mobile app, AvaTradeGo, and social trading platform, AvaSocial, enhance convenience and community engagement. With a commission-free structure and a range of instruments, AvaTrade prioritizes flexibility, community, and cost-efficiency for traders.

AvaTrade trading conditions

FP Markets

FP Markets Screenshot

FP Markets blends technology with trading, optimizing the revered MetaTrader platforms for enhanced efficiency. With competitive currency spreads and a wide range of trading options, FP Markets caters to traders who seek cutting-edge technology without compromising cost efficiency.

FP Markets Forex spreads

What Does Spread Mean In Forex?

The spread refers to the difference between the bid (buy) price and the ask (sell) price of an asset, such as an FX pair, stock, or commodity. It represents the cost of trading that asset, as traders must pay this difference to enter and exit positions.

Brokers and trading platforms make money via spread, serving as a transaction fee of sorts. In forex trading, spreads are usually measured in pips, which are the smallest price movement a Forex pair can make. 

A lower spread indicates a more cost-effective trade, making it a critical factor for traders to consider when selecting a broker or executing trades.

Low Forex Spread Example

Let's break down an example of a EUR/USD trade to understand the dynamics of buying, selling, the Forex spread, and the implications of market movements on the trade.

For example on a EUR/USD currency pair trade, and the current buy price is 1.0864 (ask price). This means that to buy 1 Euro, it will cost you 1.0864 US Dollars. If a trader enters a trade with a position size of $10,000 (notional value). In forex trading, this position size refers to the controllable value of the trade, not the actual amount of Euros being bought or sold (which would be much larger due to leverage).

Buying and Selling in Forex:

The Forex Spread:

The Forex spread is buy price difference from the live sell (bid) price of a currency pair. For instance, if the currency pair buy price of EUR/USD is 1.0864 and the sell price is 1.0862, the Forex spread is 2 pips. The Forex spread is basically the Forex broker's fee for executing the live buy / sell trade; lower Forex spreads mean lower costs for the trader.

Scenario Analysis:

Forex Trade Moves in Your Favor:

If the price of EUR/USD rises to 1.0964 and you decide to close your position, you've made a profit. The difference between the closing price and your entry price is the number of pips you've gained. In this case, the price moved 100 pips in your favor (1.0964 - 1.0864).

To calculate the profit in dollar terms, you'd multiply the pip gain by the pip value. The pip value depends on your trade size (notional value) and the currency pair. Let's assume a standard pip value of $10 per pip for this example (pip value calculation methods can vary between brokers). In this scenario, your profit would be 100 pips * $10/pip = $1,000.

Trade Does Not Move in Your Favor:

If the price of EUR/USD falls to 1.0764 and you close the position, you've incurred a loss. The price moved 100 pips against you (1.0864 - 1.0764). The total loss will depend on the pip value for your trade size, affecting the initial $10,000 investment. Similar to calculating profit, you'd multiply the pip loss by the pip value to determine the loss amount in dollars.

In both scenarios, the cost of the spread (2 pips in this example) will slightly reduce your profit or increase your loss, as your buy trade initially starts at a slight loss equal to the spread size. Thus, choosing a low spread broker can be crucial for strategies like scalping, where profit margins per trade can be very thin.

EUR/USD chart Forex spread example

Computing Forex Spreads And Costs

In the realm of forex trading, the term 'spread' refers to the disparity between the bid and ask prices. Consider an instance where the bid price is 1.13398 and the ask price stands at 1.3404; the spread here is the marginal difference of 0.00006 (1.3404 - 1.13398), measured in pips.

A 'pip' is the smallest price movement in the forex market. For most currency pairs, it represents the fourth decimal place (0.0001). Something to be aware of currency pairs with Japanese Yen (JPY), the pip will be on the second decimal place (0.01). To calculate the actual value of a pip in your trade, you multiply this pip value by the trade size, also known as the 'lot size'.

The cost of the spread is calculated by multiplying the spread in pips by the pip value. For instance, if the person was trading a 10,000 lot size with a spread of 0.00006 and a pip value of $0.0001 (assuming a standard pip value), the cost would be 0.00006 * $0.0001 * 10,000 = $0.0006.

As the trade size increases, the cost of the spread increases proportionally. For example, a 100,000 lot size with the same spread would have a cost of 0.00006 * $0.0001 * 100,000 = $0.006.

How Can You Calculate The Cost When The Account Is In Another Currency?

The way the spread deduction is handled depends on your broker's policy. Some brokers might deduct the spread in USD and then convert it back to your base currency, while others might deduct it directly in your account currency. It's important to check your broker's specific terms to understand how they handle spread deductions.

Understanding High Spread & Low Spread

Forex spreads are not constant and can change within trading hours. They are primarily affected by two factors: liquidity and volatility.

Liquidity: Currency pairs with higher trading volumes (more actively traded) typically have tighter spreads (lower cost). Conversely, less popular pairs with lower volumes can have wider spreads (higher cost).

Volatility: During periods of high market volatility, when prices are fluctuating rapidly, brokers may widen their spreads to compensate for the increased risk of executing trades. This means the cost of trading can be higher in volatile markets.

When trading any currency pair, you can expect to see either a low spread (tighter) or a high spread (wider) depending on the liquidity and volatility of the market.

How Are Forex Spreads Calculated?

Forex spreads are significant factors in determining your trading costs. There are two main ways to understand spreads:

Interbank Market Spread: This represents the price difference between financial institutions buying and selling currencies. It's the 'raw spread' that Forex brokers use as a base.

Retail Forex Broker Spread: Retail traders access the forex market through brokers. These brokers typically add a markup to the 'raw spread' to generate revenue. How Forex brokers earn money depends on their execution methods (market makers vs. ECN) and business model (commissions, spreads, or both).

Calculating the Spread

The spread is calculated by subtracting the bid price (the price at which the broker will buy the currency pair from you) from the ask price (the price at which the broker will sell it to you). The difference is measured in pips, which is the smallest price movement for a currency pair. For most major currency pairs, 1 pip is equal to 0.0001 (except for the Japanese Yen, quoted to 2 decimal places).

Example: Let's say the EUR/USD currency pair has a bid price of 1.0867 and an ask price of 1.0869 (assuming a 2 pip spread). The spread would be 2 pips (1.0869 - 1.0867).

Low Spread

Lower forex spreads generally translate to lower trading costs. Tight spreads (low) typically occur with high liquidity and lower volatility, where many traders are actively participating and bid-ask prices are close together.

While lower spreads can be beneficial, they are not the only factor to consider when deciding on a trade. Look for trading opportunities based on your strategy, including factors like price trends, technical analysis, and fundamental analysis.

How Do You Differentiate Between Zero Spread Forex Accounts In Forex Trading?

Many Forex brokers offer accounts with varying features, including spreads and commissions. It's important to understand how the broker charges for trades. 'Zero spread' accounts might instead include the spread in the commission fee. Always carefully review the broker's terms and conditions to understand their specific cost structure (spreads, commissions, or both).

Forex brokers often provide different account types for retail investors, with features like specific execution methods (market maker vs. ECN), trading platforms, or margin requirements. Choose an account that aligns with your trading style and needs.

IC Markets Forex account types example

Is Choosing A Zero Spread Account Right For Me?

A zero spread account can be a good option if your trading style prioritizes low costs. This might be the case for spread-sensitive strategies like scalping, where small price movements are crucial. However, there are potential drawbacks to consider.

Important factors:

Advantages of Zero Spread Pricing:

Disadvantages of Zero Spread Pricing:

Ultimately, choosing a zero spread account depends on your trading style and risk tolerance. If minimizing costs is a priority and your strategy can handle potential execution issues, it might be a good fit. However, if precise entry and exit points are crucial for your strategy, a low spread account with a reputable broker might be a better choice.

Trading With Low Spreads

The forex spread is a significant factor for traders, especially those focused on capturing small price movements. Major currency pairs typically have tighter spreads (lower cost) compared to less popular pairs. However, simply looking at the spread in isolation isn't the most informative approach.

Spread vs. Daily Movement: The spread is the difference between the buy and sell price of a currency pair, representing the cost of entering and exiting a trade. The daily average movement of a currency pair shows its potential volatility. While a low spread is generally desirable, it's important to consider your trading strategy.

Benefits of Low Spreads: Low spreads are particularly beneficial for trading strategies like scalping, where profiting from small price movements is crucial. Every pip saved in spread translates to potentially higher profits.

Finding Low Spread Brokers: To find low spreads, research and compare different forex brokers. Look for brokers known for competitive spreads and consider factors like their account types and execution methods (market maker vs. ECN).

Choosing Currency Pairs: While major currency pairs often have lower spreads, other factors like your trading strategy and risk tolerance should also guide your choice. Explore different pairs and consider their historical volatility and average daily ranges.

Developing Your Trading Skills: Over time, you'll identify currency pairs that align better with your trading style and risk tolerance.

Remember, successful forex trading involves more than just finding low spreads. Focus on developing sound trading strategies, risk management techniques, and a good understanding of market dynamics.

How Do Zero Spread Brokers Earn Their Revenue?

Unlike traditional forex brokers who rely on the spread for income, 'zero spread' brokers generate revenue in different ways:

Important Note: It's essential to research and understand a broker's specific business model before opening an account. Carefully review their commission structure, execution methods (market maker vs. ECN), and any potential conflicts of interest.

Can I Trade Forex Without A Low Spread Broker?

No. Forex trading is carried out via spread Forex brokers offering brokerage accounts, which offer a specific degree of leverage (or margin) as well as access to Forex trading platforms and a range of Forex currency pairs. It helps to go with Forex brokers holding regulatory licenses, such as the Financial Conduct Authority (FCA) in the UK, to avoid being scammed.

Scalping And Spreads

Finding a Forex broker with low spreads is important for scalping. Scalping is a trading strategy involving making profits from small price changes. Resultantly, active traders can make more trades. Traders usually need rapid trade order execution, as well as a rigorous exit strategy because one large loss may obliterate the small gains made.

What Is The Difference Between A Standard Account And A Raw Spread Account?

Standard retail investor accounts have the smallest trade size of 100K currency units, i.e., a standard lot size.

A raw spread is the cost of trading shown in a bid/ask price where the Forex broker does not add any markup. Instead, the Forex broker offers the price as is in the form of a raw spread directly from their liquidity providers.

Low Spread Forex Brokers Verdict

Low spread Forex brokers are a preferred choice for traders seeking to minimize transaction costs, particularly those who employ high-frequency trading strategies like scalping. By offering tighter spreads, these brokers facilitate more efficient entry and exit points, potentially enhancing profitability.

However, traders should also consider other factors, such as commission fees, platform stability, execution speed, and regulatory compliance. While low spreads are attractive, the overall quality and reliability of the broker are paramount to ensure a secure and favorable trading environment.

Careful consideration and due diligence are essential when selecting a low spread Forex broker to align with individual trading goals and risk tolerance.

We have conducted extensive research and analysis on over multiple data points on Low Spread Forex Brokers to present you with a comprehensive guide that can help you find the most suitable Low Spread Forex Brokers. Below we shortlist what we think are the best Low Spread Forex Brokers Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Low Spread Forex Brokers.

Reputable Low Spread Forex Brokers Checklist

Selecting a reliable and reputable online Low Spread Forex Brokers Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Low Spread Forex Brokers Investment Platforms more confidently.

Selecting the right online Low Spread Forex Brokers Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Compare Key Features of Low Spread Forex Brokers Investment Platforms in Our Brokerage Comparison Table

When choosing a broker for Low Spread Forex Brokers Investment Platforms trading, it's essential to compare the different options available to you. Our Low Spread Forex Brokers Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a Low Spread Forex Brokers Investment Platforms broker that best suits your needs and preferences for Low Spread Forex Brokers Investment Platforms. Our Low Spread Forex Brokers Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Low Spread Forex Brokers Investment Platforms of 2024 compared

Here are the top Low Spread Forex Brokers Investment Platforms.

Compare Low Spread Forex Brokers Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Low Spread Forex Brokers Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Low Spread Forex Brokers Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are Low Spread Forex Brokers Investment 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 Brokers Investment Platforms that accept Low Spread Forex Brokers Investment Platforms clients.

Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade FP Markets EasyMarkets SpreadEx FXPro
Rating
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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 Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
Min Deposit 200 10 100 No minimum deposit 5 200 100 100 100 1 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 1,000,000+ 30,000,000+ 1,000,000+ 10,000,000+ 400,000+ 300,000+ 10,000+ 142,500+ 10,000+ 1,866,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Mini account
  • Islamic account
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
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Risk Warning Losses can exceed deposits Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider. 76-85% 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. 75-95 % of retail investor accounts lose money when trading CFDs 71% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits Your capital is at risk Losses can exceed deposits 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
Demo IC Markets
Demo
Roboforex
Demo
eToro
Demo
XTB
Demo
XM
Demo
Pepperstone
Demo
AvaTrade
Demo
FP Markets
Demo
easyMarkets
Demo
SpreadEx
Demo
FxPro
Demo
Excluded Countries US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, 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, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, US, IN, PK, BD, NG , ID, BE, AU US, CA, IL, IR AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET BE, BR, KP, NZ, TR, US, CA, SG US, JP, NZ US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, TR US, CA, IR


All Low Spread Forex Brokers Investment Platforms in more detail

You can compare Low Spread Forex Brokers Investment 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 Brokers Investment Platforms for 2024 article further below. You can see it now by clicking here

We have listed top Low Spread Forex Brokers Investment Platforms below.

Low Spread Forex Brokers List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 10
Roboforex was established in 2009 and is used by over 1000000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund
eToro
(4/5)
Min deposit : 100
Visit eToro Try a Demo Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that 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.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 30000000+ traders. 76% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 1000000+ traders. 76-85% 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. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 10000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 400000+ traders. 75-95 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB)
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 1866000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)

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Losses can exceed deposits
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Losses can exceed deposits