| Broker | Features | More Details |
|---|---|---|
  FeaturedGo to XTB | Excellent 24-hour customer service. More than 3000 instruments to trade. Free webinars.(*) Warning: Your capital is at risk. 77% of retail CFD accounts lose money. Spread EUR/USD: From 0.8 pips for Standard accounts. From 0.1 pips for Pro accounts with commission per lot traded. | Broker: XTB Headquarters: London, United Kingdom Broker Type: Forex and CFDs Broker Trading Instruments: More than 3000 instruments such as CFDs on Forex, crypto-currencies, commodities, indices and stocks. In Europe spot stocks and ETFs. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Paypal, Skrill (MoneyBookers), Neteller |
 FeaturedGo to Pepperstone | Spreads from 0 pips. Ultra fast execution (less than 30 milliseconds). Perfect for scalping and automatic trading. Spread EUR/USD: From 1 pip on Standard Account and from 0.0 pips on Razor Account with commission from 5.23 EUR per lot traded. | Broker: Pepperstone Headquarters: London, United Kingdom Broker Type: Forex and CFDs Broker Trading Instruments: Wide range of Forex currencies with more than 180 pairs, crypto currencies, commodities, gold, silver, oil, a selection of American stocks, indices,... Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller |
 FeaturedGo to eToro | World leader in social trading. You can copy the best investors automatically.(*) Warning: 67% of retail CFD accounts lose money. Spread EUR/USD: From 3 pips | Broker: eToro Headquarters: Limassol, Cyprus Broker Type: Forex Broker, CFDs Broker and Social Trading Trading Instruments: Wide range of crypto currencies (more than 90 available), ETFs, shares of companies from different sectors and countries, raw materials (such as Gold, Silver, Oil), main stock exchange indexes (Spain, United States, Germany, France, United Kingdom, Switzerland,...) and more than 45 currency pairs in the Forex market. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Paypal, Neteller, Klarna |
 Go to XM Group | Bonus of $30 without deposit and bonuses of up to $5,000 per deposit.(*) Clients registered with XM Group's EU-regulated entity do not have access to the bonds. Spread EUR/USD: From 1.6 pips on Micro and Standard accounts (average 1.7 pips) and from 0 pips on Zero accounts (with a commission of $3.5 per $100,000 traded). | Broker: XM Headquarters: Limassol (Cyprus), Sydney (Australia) and Belize. Broker Type: Forex and CFDs Broker Trading Instruments: Over 1000 financial instruments such as major currency pairs in the Forex market (over 55 pairs available) and CFDs on a wide range of stocks, commodities, indices, precious metals and energies such as oil (Brent and WTI). Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller |
 Go to Plus500 | More than 2,000 CFD instruments to trade.(*) Warning: 72% of retail CFD accounts lose money. Spread EUR/USD: Variable | Broker: Plus500 Headquarters: Israel Broker Type: CFDs Broker Trading Instruments: More than 2,000 instruments: CFDs on shares (wide catalogue of shares from the USA, Spain, Germany, the United Kingdom, France,...), stock market indices, currencies (more than 60 currency pairs on the Forex market), commodities (gold, silver, oil,...), the most popular cryptocurrencies, options and listed investment funds (ETFs). Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Paypal |
 Go to AvaTrade | 5 international regulations. 4 trading platforms to choose. Spread EUR/USD: Fixed spreads from 0.9 pips. | Broker: AvaTrade Headquarters: Dublin, Ireland Broker Type: Forex and CFDs Broker Trading Instruments: Forex market with more than 50 currency pairs Crypto-currencies such as Bitcoin, Ethereum,... CFDs on indices from more than 20 countries. Commodities. More than 100 popular shares of companies listed on the NYSE, NASDAQ, DAX, IBEX and many more. ETFs. Government bonds from the US, Japan and European countries. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller, Klarna |
 Go to IQ Option | Very intuitive app with more than 10 million downloads. 7 free deposit methods with no fees. Spread EUR/USD: Variable from 0.9 pips. | Broker: IQ Option Headquarters: Limassol, Cyprus Broker Type: Forex and CFDs Broker Trading Instruments: Major currency pairs in the Forex market (over 45 crosses), crypto-currencies, CFDs on shares of large international companies, commodities and ETFs. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, WebMoney, Skrill (MoneyBookers), Neteller, Klarna |
 Go to IC Markets | Spreads from 0 pips. Real interbank liquidity (up to 50 sources). Perfect for high volumes, scalping and robots. Spread EUR/USD: Average of 1.1 pips on Standard accounts and 0.1 pips on Raw Spread accounts (with commission per lot). | Broker: IC Markets Headquarters: Australia Broker Type: Forex and CFDs Broker Trading Instruments: 60 Forex currency pairs. Crypto-currencies. CFDs on 17 stock indices, commodities and shares. Futures. Bonds issued by governments around the world. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller, Paypal, Klarna, Bitcoin |
 Go to RoboForex | Spread EUR/USD: Average of 1.4 pips for Cent and Standard accounts and from 0.1 pips for ECN accounts (with volume commission). | Broker: RoboForex Headquarters: Belize Broker Type: Forex Broker Trading Instruments: 36 Forex currency pairs, crypto-currencies, CFDs on US stocks, indices, metals, oil. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller, WebMoney, Perfect Money, Bitcoin, Ethereum |
 Go to FP Markets | Spread EUR/USD: Variable from 1.1 pips on Standard accounts and from 0 pips on Raw accounts with commission per lot. | Broker: FP Markets Headquarters: Sidney, Australia Broker Type: Forex and CFDs Broker Trading Instruments: Over 50 most popular Forex currency pairs and CFD on shares, stock indices, metals, commodities, energies and crypto-currencies. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Paypal, Skrill (MoneyBookers), Neteller, FasaPay |
 Go to OANDA | Spread EUR/USD: Average of 0.6 pips | Broker: OANDA Headquarters: Toronto, Canada Broker Type: Forex and CFDs Broker Trading Instruments: More than 120 instruments: Major Forex currency pairs, indices, gold, silver and commodities. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller |
 Go to Libertex | (*) Warning: 83% of retail CFD accounts lose money. Spread EUR/USD: Applies a commission percentage for each instrument (EURUSD from 0.0011%) on Libertex accounts and Spread from 0.7 pips on MT4 account. | Broker: Libertex Headquarters: Limassol, Cyprus Broker Type: Forex and CFDs Broker Trading Instruments: More than 50 currency pairs in the Forex market, main world stock exchange indexes (from the United States, Europe, Asia, the Middle East and Latin America), more than 100 shares of large companies worldwide and other instruments such as crypto currencies, oil, gas, gold, silver, copper, platinum, agricultural commodities,... Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller |
 Go to Axi | Spread EUR/USD: Average of 1.1 pips on Standard Account and from 0 pips on Pro Account with commission per lot traded (round trip $7). | Broker: Axi Headquarters: Sydney, Australia Broker Type: Forex and CFDs Broker Trading Instruments: More than 140 instruments: Forex currency pairs, crypto currencies, CFDs on commodities, gold and silver, oil, indices,... Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller |
 Go to OctaFX | Spread EUR/USD: On account Micro variable from 0.4 pips or fixed from 2 pips. In Pro account variable from 0.2 pips. In ECN account variable from 0 pips (with commission). | Broker: OctaFX Headquarters: Saint Vincent and the Grenadines Broker Type: Forex Broker Trading Instruments: 28 Forex currency pairs, crypto currencies, gold and silver, CFDs on stock indices and shares. Payment Methods for Deposits and Withdrawals: Perfect Money, Bitcoin |
 Go to Exness | Spread EUR/USD: Between 0.5-0.9 pips for Classic account. | Broker: EXNESS Headquarters: Seychelles Broker Type: Forex Broker Trading Instruments: More than 35 currency pairs in the Forex market. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller |
The spreads indicated in the table are indicative and may be outdated or may not correspond to the current conditions of each broker.
Which are the Brokers with the Lowest Spreads?
The spread or differential between the bid and ask price of a currency pair is one of the fundamental factors when investing in Forex, since it is the commission for trading in the markets that brokers usually apply.
In Forex and CFD trading it is common for the broker to charge this type of commission rather than a flat fee for each trade order. Finding an online broker that offers the lowest possible spreads is one of the most important factors for any trader, even more so for those who open and close numerous positions in short periods of time, such as those who daytrade or use techniques such as scalping. In these cases, lower spreads can mean the difference between a trading strategy being profitable or unprofitable. More Info: List of brokers for scalping.
Until recently, lower spreads have gone hand in hand with very high initial deposit requirements, so that the broker rewarded more experienced or professional investors. However, with the emergence of new brokers and increased competition among them, the deposits required to access low spreads are becoming lower and lower; brokers do not tend to make a special distinction for clients who have more capital to trade with. While it is true that online brokers often offer their clients a variety of trading accounts to target different investor profiles, the brokers that offer the best spreads remain the ones that offer the best spreads. The ones that offer better spreads are still the ones that try to attract higher deposits and a profile of more experienced traders. The characteristics and requirements for opening each type of account vary and are mainly aimed at segmenting clients.
Generally the lowest spreads are offered by ECN brokers (Electronic Communication Network), those that offer direct connectivity with the major global liquidity providers. In this way, they themselves get access to the lowest spreads available at any given time and according to the prevailing market conditions, usually in exchange for a commission per transaction volume. By having the most favourable bid and ask prices available at any given time, spreads are naturally variable, depending on the market situation and the number of participants at that precise moment (market liquidity).
On the other hand, there are Market Maker brokers that usually act as counterparties to their clients’ trades, usually offering higher spreads than ECNs; however, these spreads are usually fixed . Such spreads may be more advantageous for certain types of traders and investment strategies.
Whatever your preference (trading with fixed or variable spreads), the important thing is to research and select an online broker that offers low spreads, in contrast to the other services it offers and other factors such as transparency and reliability of funds. In the table above you can find what we consider to be the best brokers for Forex trading and compare the spreads they offer for the EUR/USD pair to find the brokers with the lowest spreads.
References and sources:
- What is a Spread in Forex Trading?
- How Forex Brokers Make Money
- The Basics of Forex Trading
- What Does a Forex Spread Tell Traders?
