Best Low Spreads Forex Brokers 2019

On any trading platform, there are two prices for each financial instrument – the bid and ask price. When buying or going long, traders use the ask price. When selling or going short, they use the bid price.

The difference between the two prices (bid and ask) represents the spread. It is a source of income for the broker (fee), thus a cost for the trader. Therefore, the lower the spread, the better for the trader.

Lowest VARIABLE spreads:

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 66-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Broker Commission Spreads Spreads EUR/USD
24option No Fixed, Variable 1.2 pips - Mini account
0.8 pips - Standard account
4XNetworks Yes Fixed, Variable 2 pips - Mini account
2 pips - Standard account
AAAFx No Variable 0.2 pips - Mini account
0.2 pips - Standard account
AAATrade Yes Fixed, Variable 1.8 pips - Mini account
1.8 pips - Standard account
0.2 pips - ECN account
AAFX Trading No Fixed, Variable 1 pips - Mini account
1 pips - Standard account
Abshire-Smith Yes Fixed, Variable 1.2 pips - Mini account
1.2 pips - Standard account
ActivTrades No Variable 0.7 pips - Mini account
0.7 pips - Standard account
Adamant Finance Yes Fixed, Variable 2 pips - Mini account
0.5 pips - Standard account
ADS Prime Yes Variable 0.7 pips - Mini account
0.7 pips - Standard account
ADS Securities No Fixed, Variable 2.4 pips - Mini account
1.6 pips - Standard account
Advanced Markets Yes Variable
AGEA Yes Fixed, Variable 0.4 pips - Mini account
0.4 pips - Standard account
AGM Markets Yes Variable 1.3 pips - Mini account
1.3 pips - Standard account
AHMZ TradeFX No Variable 1 pips - Mini account
1 pips - Standard account
AITS FX Yes Variable 1.6 pips - Mini account
1.6 pips - Standard account
1.6 pips - ECN account
AL Trade No Variable 0.8 pips - Mini account
0.5 pips - Standard account
Alfa-Forex Yes Variable 0.7 pips - Mini account
0.7 pips - Standard account
Alpha Capital Markets No Fixed, Variable 2 pips - Mini account
2 pips - Standard account
Amenda Yes Variable
ArgusFX Yes Variable 0.7 pips - Mini account
0.7 pips - Standard account
AssetsFX Yes Variable
ATC Brokers Yes Variable 0.1 pips - Mini account
0.1 pips - Standard account
ATIORA Yes Variable 1.2 pips - Mini account
1.2 pips - Standard account
0.15 pips - ECN account
Atom8 Yes Variable 0.6 pips - Mini account
0.6 pips - Standard account
AVATrade No Fixed, Variable 1 pips - Mini account
1 pips - Standard account
Axiory No Variable 0.3 pips - Mini account
0.3 pips - Standard account
Axiory Europe Yes Variable 0.9 pips - Mini account
0.9 pips - Standard account
0.1 pips - ECN account
AxiTrader Yes Variable 0.6 pips - Mini account
0.1 pips - Standard account
0.1 pips - ECN account
AZAFX No Fixed, Variable 2 pips - Mini account
2 pips - Standard account
Bacera Yes Variable 1.7 pips - Mini account
1.7 pips - Standard account
1.7 pips - ECN account
Back Bay Markets Yes Fixed, Variable 0.1 pips - Mini account
0.1 pips - Standard account
0.1 pips - ECN account
BancoFX Yes Variable 0.2 pips - Mini account
0.2 pips - Standard account
0.2 pips - ECN account
BANX Trading Yes Variable 0.6 pips - Mini account
0.6 pips - Standard account
0.2 pips - ECN account
Barclays Stockbrokers Yes Variable 1.5 pips - Mini account
0.1 pips - Standard account
BAXTER-FX Yes Variable 1 pips - Mini account
1 pips - Standard account
1 pips - ECN account
BCapitalsFX Yes Variable 0.6 pips - Mini account
0.1 pips - Standard account
0.4 pips - ECN account
BelforFX Yes Variable 3 pips - Mini account
3 pips - Standard account
0.4 pips - ECN account
BILLION CAPITALS Yes Fixed, Variable 2.5 pips - Mini account
1.6 pips - Standard account
0.6 pips - ECN account
BlackBull Markets Yes Variable 0.1 pips - Mini account
0.1 pips - Standard account
0.1 pips - ECN account
Blackwell Global No Fixed, Variable 2.2 pips - Mini account
2.2 pips - Standard account
Blitzbrokers Yes Variable 1 pips - Mini account
1 pips - Standard account
BMFN - Boston Merchant Financial No Fixed, Variable 2 pips - Mini account
2 pips - Standard account
BMFN Arab No Fixed, Variable 3 pips - Mini account
3 pips - Standard account
BTFX No Variable 0.4 pips - Mini account
0.7 pips - Standard account
Bulbrokers Yes Fixed, Variable 2 pips - Mini account
0.8 pips - Standard account
Caesar Trade No Variable 0.5 pips - Mini account
0.5 pips - Standard account
Capital Index Yes Variable 1.4 pips - Mini account
1 pips - Standard account
0.4 pips - ECN account
Capital Investment Brokers (CIBFX) No Fixed, Variable 0.6 pips - Mini account
0.6 pips - Standard account
CAPPROFX Yes Variable 1 pips - Mini account
1 pips - Standard account
1 pips - ECN account
CFD1000 No Fixed, Variable 0.7 pips - Mini account
0.7 pips - Standard account
CFDTimes No Variable 1.8 pips - Mini account
1.5 pips - Standard account
CFH Clearing Yes Variable
CFI Markets No Fixed, Variable 0.8 pips - Mini account
0.8 pips - Standard account
ChampionFX No Fixed, Variable 1.2 pips - Mini account
0.8 pips - Standard account
CIM Bank Yes Variable 0.7 pips - Mini account
0.7 pips - Standard account
Circle Markets Yes Variable
CIX Markets No Fixed, Variable 1 pips - Mini account
1 pips - Standard account
CM Trading No Variable 2.6 pips - Mini account
2.6 pips - Standard account
CMC Markets No Variable 0.7 pips - Mini account
0.7 pips - Standard account
CMC Markets UK No Variable 0.7 pips - Mini account
0.7 pips - Standard account
ContinentalFX No Variable 0.8 pips - Mini account
0.8 pips - Standard account
Core Liquidity Markets Yes Variable 0.3 pips - Mini account
0.3 pips - Standard account
CornerTrader Yes Fixed, Variable 4 pips - Mini account
3 pips - Standard account
0.2 pips - ECN account
Darwinex Yes Variable 0.25 pips - Mini account
0.25 pips - Standard account
Deltastock AD No Fixed, Variable 2 pips - Mini account
0.8 pips - Standard account
DF Markets No Fixed, Variable 0.8 pips - Mini account
0.8 pips - Standard account
Divisa Capital Yes Variable 0.2 pips - Mini account
0.2 pips - Standard account
0.2 pips - ECN account
Dukascopy Bank SA Yes Variable 0.1 pips - Mini account
0.1 pips - Standard account
0.1 pips - ECN account
ECM Trader Yes Fixed, Variable 20 pips - Mini account
20 pips - Standard account
15 pips - ECN account
EightCap Yes Variable 0.9 pips - Mini account
0.9 pips - Standard account
Elxi Markets Yes Variable 0.8 pips - Mini account
0.8 pips - Standard account
ETX Capital No Fixed, Variable 0.7 pips - Mini account
0.7 pips - Standard account
Euro Pacific Bank No Variable 1.8 pips - Mini account
1.8 pips - Standard account
EverFX Yes Variable
EVFOREX Yes Variable 0.2 pips - Mini account
0.2 pips - Standard account
0.2 pips - ECN account
Evolve Markets Yes Variable
EXNESS Yes Fixed, Variable 0.3 pips - Mini account
0.1 pips - Standard account
FastQuote Securities Yes Variable
FCI Markets Yes Fixed, Variable 0.8 pips - Mini account
0.2 pips - Standard account
0.2 pips - ECN account
FIBO Group Yes Fixed, Variable 2 pips - Mini account
0.8 pips - Standard account
Fidelis (Belize) Yes Variable 0.8 pips - Mini account
0.8 pips - Standard account
Fidelis Capital Markets (Cyprus) Yes Fixed, Variable 2.1 pips - Mini account
1.7 pips - Standard account
0.2 pips - ECN account
Financika No Variable 0.8 pips - Mini account
0.8 pips - Standard account
FinOdds Yes Variable
FIPFX GLOBAL No Variable 1 pips - Mini account
1 pips - Standard account
Forest Park FX No Variable 0.2 pips - Mini account
0.2 pips - Standard account
Forex Club Yes Fixed, Variable 1.2 pips - Mini account
1.2 pips - Standard account
Forex FS Yes Variable 1.9 pips - Mini account
1.9 pips - Standard account
FOREX.com Yes Variable 1.5 pips - Mini account
1.5 pips - Standard account
Forex.ee Yes Variable 0.5 pips - Mini account
0.5 pips - Standard account
Forex4you Yes Fixed, Variable 0.31 pips - Mini account
0.31 pips - Standard account
FOREXer No Variable 2.5 pips - Mini account
2.5 pips - Standard account
ForexGrand No Variable 1.5 pips - Mini account
1.5 pips - Standard account
FOREXYARD No Variable 3 pips - Mini account
3 pips - Standard account
Formax Prime Capital Yes Variable 0.6 pips - Mini account
0.6 pips - Standard account
0.2 pips - ECN account
Fort Financial Services Yes Fixed, Variable 2 pips - Mini account
1.3 pips - Standard account
0.1 pips - ECN account
Fortrade No Variable 2 pips - Mini account
2 pips - Standard account
Fortress Capital No Fixed, Variable 0.6 pips - Mini account
0.6 pips - Standard account
FP Markets Yes Variable 0.7 pips - Mini account
0.7 pips - Standard account
0.1 pips - ECN account
FreshForex Yes Fixed, Variable 2 pips - Mini account
1.3 pips - Standard account
Fullerton Markets Yes Variable 2 pips - Mini account
2 pips - Standard account
0.6 pips - ECN account
FW Markets Yes Variable 2.5 pips - Mini account
1.5 pips - Standard account
0.3 pips - ECN account
FX Choice Yes Variable 0.5 pips - Mini account
0.5 pips - Standard account
FX-EDGE Yes Variable 0.2 pips - Mini account
0.2 pips - Standard account
0.2 pips - ECN account
FXBM Yes Variable 1.6 pips - Mini account
1.6 pips - Standard account
0.6 pips - ECN account
FXCC Yes Variable 0.4 pips - Mini account
0.4 pips - Standard account
0.4 pips - ECN account
FXCM Yes Variable 0.2 pips - Mini account
0.2 pips - Standard account
FXCM (UK and Australia) Yes Variable 0.2 pips - Mini account
0.2 pips - Standard account
FXDD No Variable 0.2 pips - Mini account
0.2 pips - Standard account
FXDD Malta Yes Variable 1.5 pips - Mini account
1.5 pips - Standard account
0.1 pips - ECN account
FXFair Yes Variable 2 pips - Mini account
2 pips - Standard account
FxFlame Yes Variable 1.2 pips - Mini account
1.2 pips - Standard account
0.5 pips - ECN account
FXFlat No Variable 0.8 pips - Mini account
0.8 pips - Standard account
FXGiants Yes Fixed, Variable 1.1 pips - Mini account
FXGlobe Yes Variable 1.7 pips - Mini account
1.7 pips - Standard account
FxNet Yes Variable 2.3 pips - Mini account
2.3 pips - Standard account
FxOnUs Yes Variable 0.7 pips - Mini account
0.7 pips - Standard account
0.7 pips - ECN account
FXOpen Yes Variable
FXOpen UK Yes Variable
FXORO Yes Fixed, Variable 2 pips - Mini account
1.2 pips - Standard account
FXPIG Yes Variable
FXPRIMUS Yes Variable 2 pips - Mini account
0.8 pips - Standard account
FxPro Yes Fixed, Variable 0.6 pips - Mini account
0.6 pips - Standard account
FxUnited Yes Fixed, Variable 3 pips - Mini account
3 pips - Standard account
GAINSY Yes Variable 0.1 pips - Mini account
0.1 pips - Standard account
Gallant Capital Markets (GCMFX) Yes Variable 2 pips - Mini account
1.5 pips - Standard account
GBE brokers Yes Variable
GCM Forex Yes Fixed, Variable 2 pips - Mini account
2 pips - Standard account
1.7 pips - ECN account
GDA Fincorp Yes Variable 2.5 pips - Mini account
1.7 pips - Standard account
0.8 pips - ECN account
GDMFX Yes Fixed, Variable 2 pips - Mini account
2 pips - Standard account
0.4 pips - ECN account
Gerchik Co Yes Variable 0.3 pips - Mini account
GKFX No Fixed, Variable 1.5 pips - Mini account
1.2 pips - Standard account
GKFX Prime No Fixed, Variable 1.2 pips - Mini account
1.2 pips - Standard account
GO Markets Yes Variable 1.2 pips - Mini account
1.2 pips - Standard account
0.8 pips - ECN account
Golden Tangent No Variable 2.2 pips - Mini account
2.2 pips - Standard account
GQFX No Fixed, Variable 2 pips - Mini account
2 pips - Standard account
Grand Capital Yes Variable 2.1 pips - Mini account
2.1 pips - Standard account
1.4 pips - ECN account
Grinta Invest No Variable 1.7 pips - Mini account
1.7 pips - Standard account
GTCM No Variable 3 pips - Mini account
3 pips - Standard account
Hadwins Yes Variable 2.2 pips - Mini account
1.7 pips - Standard account
Hanseatic Brokerhouse No Variable 1.8 pips - Mini account
1.8 pips - Standard account
Hantec Markets Yes Variable 1.8 pips - Mini account
1.8 pips - Standard account
0.2 pips - ECN account
Harborx No Variable 0.7 pips - Mini account
0.7 pips - Standard account
HeartForex No Variable 2 pips - Mini account
1.3 pips - Standard account
Hirose Financial UK No Variable 1.9 pips - Mini account
0.8 pips - Standard account
HiWayFX Yes Variable 0.8 pips - Mini account
0.8 pips - Standard account
HotForex No Fixed, Variable 1 pips - Mini account
House of Borse Yes Variable
HYCM Yes Fixed, Variable 1.8 pips - Mini account
1.8 pips - Standard account
Hydra Markets Yes Variable 1.2 pips - Mini account
1.2 pips - Standard account
0.4 pips - ECN account
IC Markets Yes Variable 1 pips - Mini account
1 pips - Standard account
IC Markets Forex Rebates Yes Variable 1 pips - Mini account
1 pips - Standard account
ICM Capital Yes Fixed, Variable 1.6 pips - Mini account
1.6 pips - Standard account
IMMFX No Variable 2.1 pips - Mini account
1.3 pips - Standard account
Indigo DMA Yes Variable
InstaForex Yes Fixed, Variable
Interactive Brokers Yes Variable
InterTrader Direct Yes Variable
INTFX Yes Variable 2 pips - Mini account
2 pips - Standard account
0.1 pips - ECN account
Invast Global Yes Variable
Investorseurope Yes Variable 1 pips - Mini account
1 pips - Standard account
1 pips - ECN account
IQOption No Variable 0.1 pips - Mini account
0.1 pips - Standard account
IronFX Yes Fixed, Variable 1.1 pips - Mini account
ITI FX Yes Variable 1.2 pips - Mini account
0.2 pips - Standard account
0.2 pips - ECN account
IV Brokers Yes Variable 1.4 pips - Mini account
1.4 pips - Standard account
JCMFX No Variable 1.8 pips - Mini account
1.8 pips - Standard account
Juno Markets Yes Variable 2 pips - Mini account
2 pips - Standard account
JustForex Yes Variable 2 pips - Mini account
KAWASE Yes Variable 0.1 pips - Mini account
0.1 pips - Standard account
Kerford Investments No Variable 2 pips - Mini account
2 pips - Standard account
Key To Markets Yes Variable 1 pips - Mini account
1 pips - Standard account
0.2 pips - ECN account
KGI Ong Capital No Variable 0.6 pips - Mini account
0.6 pips - Standard account
KRC (KRCNZ and KRC Group) Yes Variable
KVB Kunlun Yes Variable 1.3 pips - Mini account
1.3 pips - Standard account
1.3 pips - ECN account
Land-FX Yes Variable 0.3 pips - Mini account
0.3 pips - Standard account
Larson and Holz Yes Variable 0.01 pips - Mini account
0.01 pips - Standard account
0.01 pips - ECN account
LCG (London Capital Group) Yes Variable 0.6 pips - Mini account
0.6 pips - Standard account
0.2 pips - ECN account
LegacyFX Yes Fixed, Variable 2.5 pips - Mini account
2.5 pips - Standard account
Lider Forex No Variable 3 pips - Mini account
3 pips - Standard account
LiteForex (Europe) No Variable 3 pips - Mini account
1.8 pips - Standard account
LMAX Yes Variable 0.36 pips - Mini account
0.36 pips - Standard account
LMFX Yes Fixed, Variable 1 pips - Mini account
1.2 pips - Standard account
Lucror FX No Variable 2 pips - Mini account
1.5 pips - Standard account
MahiFX No Variable 0.5 pips - Mini account
0.5 pips - Standard account
Market Investment No Variable 1.5 pips - Mini account
1.3 pips - Standard account
Markets.com No Fixed, Variable 2 pips - Mini account
2 pips - Standard account
MarketsYes No Variable 0.015 pips - Mini account
0.012 pips - Standard account
Marshal FX No Variable 1.5 pips - Mini account
1.5 pips - Standard account
MaxFX Yes Fixed, Variable 0.9 pips - Mini account
0.9 pips - Standard account
0.1 pips - ECN account
MB Trading Yes Variable 0.1 pips - Mini account
0.1 pips - Standard account
0.1 pips - ECN account
MBA Yes Fixed, Variable 2.5 pips - Mini account
1.5 pips - Standard account
0.2 pips - ECN account
MetisEtrade No Variable 0.7 pips - Mini account
0.7 pips - Standard account
MEX EXCHANGE Yes Variable 0.5 pips - Mini account
0.5 pips - Standard account
MEX Group Yes Fixed, Variable 2 pips - Mini account
1.4 pips - Standard account
0.2 pips - ECN account
MFX Broker Yes Fixed, Variable 2 pips - Mini account
2 pips - Standard account
Milton Markets Yes Variable 1.5 pips - Mini account
0.1 pips - Standard account
Mocaz Financial Markets Yes Variable 2.1 pips - Mini account
1.2 pips - Standard account
0.2 pips - ECN account
MTI Markets Yes Variable
MTrading Yes Fixed, Variable 2 pips - Mini account
2 pips - Standard account
NAS Broker Yes Fixed, Variable 0.7 pips - Mini account
0.7 pips - Standard account
Neferma Yes Fixed, Variable 2 pips - Mini account
2 pips - Standard account
Nexsus Financial Markets Yes Fixed, Variable 2 pips - Mini account
1.8 pips - Standard account
0.6 pips - ECN account
NICOFX No Variable 1 pips - Mini account
1 pips - Standard account
NoaFX Yes Fixed, Variable 0.2 pips - Mini account
1.6 pips - Standard account
NPBFX No Variable 0.8 pips - Mini account
0.6 pips - Standard account
NSD Markets Yes Fixed, Variable 0.3 pips - Mini account
2.5 pips - Standard account
0.3 pips - ECN account
NSFX Yes Fixed, Variable 3 pips - Mini account
3 pips - Standard account
0.9 pips - ECN account
OANDA No Variable 1.2 pips - Mini account
1.2 pips - Standard account
OctaFX No Variable 0.2 pips - Mini account
0.2 pips - Standard account
One Financial Markets Yes Variable 0.7 pips - Mini account
0.7 pips - Standard account
0.4 pips - ECN account
OneTrade Yes Variable 0.1 pips - Mini account
0.1 pips - Standard account
Orbex Yes Fixed, Variable 1.9 pips - Mini account
1.5 pips - Standard account
0.6 pips - ECN account
Pacific Financial Derivatives (PFD-NZ) Yes Fixed, Variable 0.4 pips - Mini account
0.4 pips - Standard account
PaxForex No Variable 0.8 pips - Mini account
0.3 pips - Standard account
PCM Brokers Yes Fixed, Variable 1.2 pips - Mini account
0.8 pips - Standard account
Pearl Capital Markets Yes Variable
Pepperstone Yes Variable 1 pips - Mini account
1 pips - Standard account
PhillipCapital Yes Variable 1 pips - Mini account
1 pips - Standard account
0.6 pips - ECN account
PhillipCapital UK Yes Variable 0.8 pips - Mini account
0.6 pips - Standard account
Plus500 No Fixed, Variable
Price Markets Yes Variable
PriorFX No Variable 1 pips - Mini account
1 pips - Standard account
Profiforex Yes Fixed, Variable 0.1 pips - Mini account
0.1 pips - Standard account
Profx Market Yes Variable 1 pips - Mini account
1 pips - Standard account
0.5 pips - ECN account
Progrex Yes Fixed, Variable 3 pips - Mini account
3 pips - Standard account
Questrade No Variable 1.7 pips - Mini account
1.7 pips - Standard account
Rakuten Securities Australia No Variable 0.5 pips - Standard account
Rakuten Securities HK Yes Fixed, Variable 0.7 pips - Mini account
0.3 pips - Standard account
Range Markets No Variable 1.7 pips - Mini account
1.4 pips - Standard account
RBS - Royal Bank of Scotland Yes Variable 1 pips - Mini account
1 pips - Standard account
Real-Forex Yes Variable 1.6 pips - Mini account
1.6 pips - Standard account
1.2 pips - ECN account
Renesource Capital Yes Variable 0.6 pips - Mini account
0.6 pips - Standard account
Rexor Investments No Fixed, Variable 1 pips - Mini account
1 pips - Standard account
Ridge Capital Markets No Variable 1 pips - Mini account
0.1 pips - Standard account
RoboForex Yes Fixed, Variable 0.4 pips - Mini account
0.4 pips - Standard account
Royal Forex Trading (RFXT) Yes Variable 0.6 pips - Mini account
0.6 pips - Standard account
0.1 pips - ECN account
Rubix FX Yes Variable 0.2 pips - Mini account
0.2 pips - Standard account
0.2 pips - ECN account
SaudiQuote Yes Variable 1.5 pips - Mini account
1.5 pips - Standard account
0.3 pips - ECN account
Saxo Markets Yes Variable 0.2 pips - Mini account
Seven Star FX Yes Variable 1 pips - Mini account
1 pips - Standard account
SimpleFX No Variable 0.1 pips - Mini account
0.1 pips - Standard account
Solforex Yes Variable 1.5 pips - Mini account
1.5 pips - Standard account
0.1 pips - ECN account
Sterling Gent Trading (SGT) Yes Variable 1.6 pips - Mini account
0.9 pips - Standard account
StocksM No Variable 5 pips - Mini account
3 pips - Standard account
StoxMarket No Fixed, Variable 3 pips - Mini account
2 pips - Standard account
Sucden Financial Yes Variable 3 pips - Mini account
3 pips - Standard account
Sun Hung Kai Forex No Variable 1.6 pips - Mini account
1.6 pips - Standard account
Sunbird Yes Variable 1.2 pips - Mini account
1.2 pips - Standard account
0.7 pips - ECN account
SVSFX Yes Variable 2.5 pips - Mini account
1.9 pips - Standard account
Swiss International (swissfs.com) No Fixed, Variable 3 pips - Mini account
3 pips - Standard account
Sword Capital No Fixed, Variable 0.6 pips - Mini account
0.6 pips - Standard account
Synergy FX Yes Variable 1.2 pips - Mini account
1.2 pips - Standard account
0.2 pips - ECN account
tegasFX Yes Variable 0.2 pips - Mini account
0.2 pips - Standard account
0.2 pips - ECN account
TempleFX Yes Variable 1.6 pips - Mini account
1.1 pips - Standard account
Tickmill Yes Variable 1.6 pips - Mini account
1.6 pips - Standard account
Tifia Yes Variable 0.8 pips - Mini account
0.8 pips - Standard account
Titan FX Yes Variable 1 pips - Mini account
1 pips - Standard account
0.1 pips - ECN account
TIX FX No Variable 1.5 pips - Mini account
1.5 pips - Standard account
TMS Europe Yes Fixed, Variable 1.2 pips - Mini account
1.2 pips - Standard account
1.2 pips - ECN account
TopFX Yes Variable 0.1 pips - Mini account
0.1 pips - Standard account
0.1 pips - ECN account
Trade Fintech No Fixed, Variable 3 pips - Mini account
2 pips - Standard account
Trade12 No Fixed, Variable 1.2 pips - Mini account
1.2 pips - Standard account
TradeFxP Yes Variable 2.1 pips - Mini account
2.3 pips - Standard account
0.5 pips - ECN account
TradeKing No Variable 1.7 pips - Mini account
1.7 pips - Standard account
TradeNext No Variable 1.2 pips - Mini account
1 pips - Standard account
TraderNovo Yes Variable 0.8 pips - Mini account
0.8 pips - Standard account
0.8 pips - ECN account
Traders Trust Yes Variable 0.3 pips - Mini account
0.3 pips - Standard account
Traders Way Yes Fixed, Variable 2 pips - Mini account
0.7 pips - Standard account
TradersTFX Yes Variable
TradeStation Securities No Variable 1.6 pips - Mini account
1.6 pips - Standard account
TradeV Yes Fixed, Variable 2.5 pips - Mini account
1.5 pips - Standard account
0.3 pips - ECN account
Tradeview Forex Yes Variable 0.7 pips - Mini account
0.7 pips - Standard account
0.1 pips - ECN account
TradeWiseFX Yes Variable 1.6 pips - Mini account
1.6 pips - Standard account
Trading 212 No Fixed, Variable 0.9 pips - Mini account
0.9 pips - Standard account
TradingBanks No Fixed, Variable 1.5 pips - Mini account
1.2 pips - Standard account
TradingForex.com Yes Variable 0.5 pips - Standard account
TrioMarkets Yes Variable 1.4 pips - Mini account
1.4 pips - Standard account
0.1 pips - ECN account
Trust Capital Yes Fixed, Variable 1.8 pips - Mini account
1.8 pips - Standard account
Turnkey Forex Yes Variable 0.3 pips - Mini account
0.1 pips - Standard account
0.1 pips - ECN account
Unum Capital Yes Fixed, Variable 3 pips - Mini account
3 pips - Standard account
USGFX Yes Variable 2.8 pips - Mini account
2.2 pips - Standard account
1.3 pips - ECN account
Valbury Capital No Variable 1.5 pips - Standard account
Valutrades Yes Fixed, Variable 1 pips - Mini account
1 pips - Standard account
Vantage FX Yes Variable 1 pips - Mini account
1 pips - Standard account
VARIANSE Yes Variable 1 pips - Mini account
1 pips - Standard account
VENUSFX No Variable 1 pips - Mini account
1 pips - Standard account
Vinson Financials No Fixed, Variable 1.5 pips - Mini account
0.8 pips - Standard account
Vipro Markets Yes Variable 0.2 pips - Mini account
0.2 pips - Standard account
0.2 pips - ECN account
vPE Bank Yes Variable 0.8 pips - Mini account
0.8 pips - Standard account
Wenn Markets Yes Variable 3 pips - Mini account
3 pips - Standard account
0.1 pips - ECN account
WH SelfInvest Yes Fixed, Variable 0.8 pips - Mini account
0.8 pips - Standard account
Windsor Brokers No Variable 0.2 pips - Mini account
0.2 pips - Standard account
World Forex No Fixed, Variable 2 pips - Mini account
2 pips - Standard account
XGLOBAL Markets No Variable 1 pips - Mini account
1 pips - Standard account
XTB Yes Fixed, Variable 2 pips - Mini account
0.9 pips - Standard account
XtreamForex Yes Variable 1 pips - Mini account
1 pips - Standard account
Yadix Yes Variable 1.5 pips - Mini account
1.5 pips - Standard account

Lowest FIXED spreads:

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 66-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Broker Commission Spreads Spreads EUR/USD
12Trader No Fixed 3 pips - Mini account
3 pips - Standard account
24option No Fixed, Variable 1.2 pips - Mini account
0.8 pips - Standard account
4XNetworks Yes Fixed, Variable 2 pips - Mini account
2 pips - Standard account
AAATrade Yes Fixed, Variable 1.8 pips - Mini account
1.8 pips - Standard account
0.2 pips - ECN account
AAFX Trading No Fixed, Variable 1 pips - Mini account
1 pips - Standard account
Abshire-Smith Yes Fixed, Variable 1.2 pips - Mini account
1.2 pips - Standard account
AccentForex Yes Fixed 2 pips - Mini account
0.5 pips - Standard account
ACM Gold No Fixed 3 pips - Mini account
3 pips - Standard account
Adamant Finance Yes Fixed, Variable 2 pips - Mini account
0.5 pips - Standard account
ADS Securities No Fixed, Variable 2.4 pips - Mini account
1.6 pips - Standard account
AGEA Yes Fixed, Variable 0.4 pips - Mini account
0.4 pips - Standard account
Alfa Financial Yes Fixed 3 pips - Mini account
3 pips - Standard account
Alpha Capital Markets No Fixed, Variable 2 pips - Mini account
2 pips - Standard account
AmigaFX No Fixed 3 pips - Mini account
3 pips - Standard account
AVATrade No Fixed, Variable 1 pips - Mini account
1 pips - Standard account
AZAFX No Fixed, Variable 2 pips - Mini account
2 pips - Standard account
Back Bay Markets Yes Fixed, Variable 0.1 pips - Mini account
0.1 pips - Standard account
0.1 pips - ECN account
BILLION CAPITALS Yes Fixed, Variable 2.5 pips - Mini account
1.6 pips - Standard account
0.6 pips - ECN account
Blackwell Global No Fixed, Variable 2.2 pips - Mini account
2.2 pips - Standard account
BMFN - Boston Merchant Financial No Fixed, Variable 2 pips - Mini account
2 pips - Standard account
BMFN Arab No Fixed, Variable 3 pips - Mini account
3 pips - Standard account
Bulbrokers Yes Fixed, Variable 2 pips - Mini account
0.8 pips - Standard account
Capital Investment Brokers (CIBFX) No Fixed, Variable 0.6 pips - Mini account
0.6 pips - Standard account
CFD1000 No Fixed, Variable 0.7 pips - Mini account
0.7 pips - Standard account
CFI Markets No Fixed, Variable 0.8 pips - Mini account
0.8 pips - Standard account
ChampionFX No Fixed, Variable 1.2 pips - Mini account
0.8 pips - Standard account
City Credit Capital UK (CCC) No Fixed 3 pips - Mini account
3 pips - Standard account
Citypoint Trading No Fixed 2 pips - Mini account
2 pips - Standard account
CIX Markets No Fixed, Variable 1 pips - Mini account
1 pips - Standard account
CornerTrader Yes Fixed, Variable 4 pips - Mini account
3 pips - Standard account
0.2 pips - ECN account
Currency House No Fixed 1.6 pips - Mini account
1.6 pips - Standard account
D24FX No Fixed
Deltastock AD No Fixed, Variable 2 pips - Mini account
0.8 pips - Standard account
DF Markets No Fixed, Variable 0.8 pips - Mini account
0.8 pips - Standard account
easyMarkets No Fixed 1.8 pips - Mini account
1.8 pips - Standard account
ECM Trader Yes Fixed, Variable 20 pips - Mini account
20 pips - Standard account
15 pips - ECN account
ETX Capital No Fixed, Variable 0.7 pips - Mini account
0.7 pips - Standard account
EXNESS Yes Fixed, Variable 0.3 pips - Mini account
0.1 pips - Standard account
FCI Markets Yes Fixed, Variable 0.8 pips - Mini account
0.2 pips - Standard account
0.2 pips - ECN account
FIBO Group Yes Fixed, Variable 2 pips - Mini account
0.8 pips - Standard account
Fidelis Capital Markets (Cyprus) Yes Fixed, Variable 2.1 pips - Mini account
1.7 pips - Standard account
0.2 pips - ECN account
Financial Spreads No Fixed 0.7 pips - Mini account
0.7 pips - Standard account
FirewoodFX No Fixed 3 pips - Mini account
2 pips - Standard account
Forex Club Yes Fixed, Variable 1.2 pips - Mini account
1.2 pips - Standard account
Forex4you Yes Fixed, Variable 0.31 pips - Mini account
0.31 pips - Standard account
ForexCT No Fixed 2 pips - Mini account
2 pips - Standard account
Fort Financial Services Yes Fixed, Variable 2 pips - Mini account
1.3 pips - Standard account
0.1 pips - ECN account
Fortress Capital No Fixed, Variable 0.6 pips - Mini account
0.6 pips - Standard account
FreshForex Yes Fixed, Variable 2 pips - Mini account
1.3 pips - Standard account
Friedberg Direct Yes Fixed 0.2 pips - Mini account
0.2 pips - Standard account
FXCH No Fixed 1 pips - Mini account
1 pips - Standard account
FXGiants Yes Fixed, Variable 1.1 pips - Mini account
FxGlory No Fixed 2 pips - Mini account
2 pips - Standard account
FXORO Yes Fixed, Variable 2 pips - Mini account
1.2 pips - Standard account
FxPro Yes Fixed, Variable 0.6 pips - Mini account
0.6 pips - Standard account
FxUnited Yes Fixed, Variable 3 pips - Mini account
3 pips - Standard account
GCI Financial No Fixed 1 pips - Mini account
1.7 pips - Standard account
GCM Forex Yes Fixed, Variable 2 pips - Mini account
2 pips - Standard account
1.7 pips - ECN account
GDMFX Yes Fixed, Variable 2 pips - Mini account
2 pips - Standard account
0.4 pips - ECN account
GKFX No Fixed, Variable 1.5 pips - Mini account
1.2 pips - Standard account
GKFX Prime No Fixed, Variable 1.2 pips - Mini account
1.2 pips - Standard account
GQFX No Fixed, Variable 2 pips - Mini account
2 pips - Standard account
HighSky Brokers No Fixed 1 pips - Mini account
1 pips - Standard account
HotForex No Fixed, Variable 1 pips - Mini account
HYCM Yes Fixed, Variable 1.8 pips - Mini account
1.8 pips - Standard account
ICM Capital Yes Fixed, Variable 1.6 pips - Mini account
1.6 pips - Standard account
IFC Markets No Fixed 1.8 pips - Mini account
1.8 pips - Standard account
iFOREX No Fixed 2 pips - Mini account
2 pips - Standard account
IGOFX No Fixed 3 pips - Mini account
3 pips - Standard account
Infinity Space No Fixed 1 pips - Mini account
1 pips - Standard account
InstaForex Yes Fixed, Variable
IronFX Yes Fixed, Variable 1.1 pips - Mini account
IsikFX No Fixed 1.3 pips - Mini account
1.3 pips - Standard account
LegacyFX Yes Fixed, Variable 2.5 pips - Mini account
2.5 pips - Standard account
LMFX Yes Fixed, Variable 1 pips - Mini account
1.2 pips - Standard account
Magna Dana No Fixed 3 pips - Mini account
3 pips - Standard account
Markets Broker No Fixed 0.6 pips - Mini account
0.5 pips - Standard account
Markets.com No Fixed, Variable 2 pips - Mini account
2 pips - Standard account
MaxFX Yes Fixed, Variable 0.9 pips - Mini account
0.9 pips - Standard account
0.1 pips - ECN account
MBA Yes Fixed, Variable 2.5 pips - Mini account
1.5 pips - Standard account
0.2 pips - ECN account
MEX Group Yes Fixed, Variable 2 pips - Mini account
1.4 pips - Standard account
0.2 pips - ECN account
MFX Broker Yes Fixed, Variable 2 pips - Mini account
2 pips - Standard account
MTrading Yes Fixed, Variable 2 pips - Mini account
2 pips - Standard account
NAS Broker Yes Fixed, Variable 0.7 pips - Mini account
0.7 pips - Standard account
Neferma Yes Fixed, Variable 2 pips - Mini account
2 pips - Standard account
NewForex No Fixed 2 pips - Mini account
2 pips - Standard account
Nexsus Financial Markets Yes Fixed, Variable 2 pips - Mini account
1.8 pips - Standard account
0.6 pips - ECN account
NoaFX Yes Fixed, Variable 0.2 pips - Mini account
1.6 pips - Standard account
NordFX Yes Fixed 3 pips - Mini account
1 pips - Standard account
NSD Markets Yes Fixed, Variable 0.3 pips - Mini account
2.5 pips - Standard account
0.3 pips - ECN account
NSFX Yes Fixed, Variable 3 pips - Mini account
3 pips - Standard account
0.9 pips - ECN account
Orbex Yes Fixed, Variable 1.9 pips - Mini account
1.5 pips - Standard account
0.6 pips - ECN account
Pacific Financial Derivatives (PFD-NZ) Yes Fixed, Variable 0.4 pips - Mini account
0.4 pips - Standard account
PCM Brokers Yes Fixed, Variable 1.2 pips - Mini account
0.8 pips - Standard account
Plus500 No Fixed, Variable
Profiforex Yes Fixed, Variable 0.1 pips - Mini account
0.1 pips - Standard account
Progrex Yes Fixed, Variable 3 pips - Mini account
3 pips - Standard account
Rakuten Securities HK Yes Fixed, Variable 0.7 pips - Mini account
0.3 pips - Standard account
Real Trade No Fixed 1 pips - Mini account
1 pips - Standard account
Rexor Investments No Fixed, Variable 1 pips - Mini account
1 pips - Standard account
RoboForex Yes Fixed, Variable 0.4 pips - Mini account
0.4 pips - Standard account
Smart Markets No Fixed 1.2 pips - Mini account
1.2 pips - Standard account
STO - SuperTradingOnline Yes Fixed 1.8 pips - Mini account
1.8 pips - Standard account
0.3 pips - ECN account
StoxMarket No Fixed, Variable 3 pips - Mini account
2 pips - Standard account
SuperForex No Fixed 2 pips - Mini account
2 pips - Standard account
Swiss International (swissfs.com) No Fixed, Variable 3 pips - Mini account
3 pips - Standard account
Sword Capital No Fixed, Variable 0.6 pips - Mini account
0.6 pips - Standard account
TeleTrade (Europe) No Fixed 3 pips - Mini account
3 pips - Standard account
TeleTrade (UAE) No Fixed 3 pips - Mini account
3 pips - Standard account
TFIFX No Fixed 3 pips - Mini account
3 pips - Standard account
thinkorswim Yes Fixed 2 pips - Mini account
2 pips - Standard account
TMS Europe Yes Fixed, Variable 1.2 pips - Mini account
1.2 pips - Standard account
1.2 pips - ECN account
Trade Fintech No Fixed, Variable 3 pips - Mini account
2 pips - Standard account
TRADE.com No Fixed 2.2 pips - Mini account
2.2 pips - Standard account
Trade12 No Fixed, Variable 1.2 pips - Mini account
1.2 pips - Standard account
Trade360 No Fixed 4 pips - Mini account
3 pips - Standard account
Tradeo No Fixed 2.9 pips - Mini account
2.9 pips - Standard account
Traders Way Yes Fixed, Variable 2 pips - Mini account
0.7 pips - Standard account
TradeV Yes Fixed, Variable 2.5 pips - Mini account
1.5 pips - Standard account
0.3 pips - ECN account
Trading 212 No Fixed, Variable 0.9 pips - Mini account
0.9 pips - Standard account
TradingBanks No Fixed, Variable 1.5 pips - Mini account
1.2 pips - Standard account
Trust Capital Yes Fixed, Variable 1.8 pips - Mini account
1.8 pips - Standard account
Unum Capital Yes Fixed, Variable 3 pips - Mini account
3 pips - Standard account
Valutrades Yes Fixed, Variable 1 pips - Mini account
1 pips - Standard account
Victory International Futures No Fixed 3 pips - Mini account
3 pips - Standard account
Vinson Financials No Fixed, Variable 1.5 pips - Mini account
0.8 pips - Standard account
WH SelfInvest Yes Fixed, Variable 0.8 pips - Mini account
0.8 pips - Standard account
World Forex No Fixed, Variable 2 pips - Mini account
2 pips - Standard account
XForex No Fixed 3 pips - Mini account
3 pips - Standard account
XpoFX No Fixed 0.4 pips - Mini account
0.4 pips - Standard account
XTB Yes Fixed, Variable 2 pips - Mini account
0.9 pips - Standard account
XTrade Europe No Fixed 3 pips - Mini account
3 pips - Standard account
Zcom Trade No Fixed 2 pips - Mini account
2 pips - Standard account

Spotted a mistake or there has been an update in Broker’s spreads?
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The most recent and regularly updated Forex spreads comparison table!

Compare and get the best deal!

Notes:

Many brokers offer the same spreads on Mini and Standard accounts.

If spreads on those accounts differ, we list spreads for STANDARD accounts.

Spread typeFIXED Forex Broker EURUSD GBPUSD USDJPY EURJPY GBPJPY USDCHF USDCAD AUDUSD NZDUSD AUDJPY CADJPY NZDJPY EURGBP EURCHF
fixed AccentForex 2 3 2 3 6 3 4 4 4 x x x 4 4
fixed + commission ACFX 0 0 0 0 0 0 0 0 0 0 0 0 0 0
fixed Admiral Markets 1 2 1 3 5 2 3 2 3 3 4 5 3 3
fixed AFX Capital 2 3 2 3 6 3 4 3 4 6 6 7 3 3
fixed AL Trade 2 3 2 4 6 3 4 2 4 5 5 8 2 2
fixed AvaTrade 3 4 3 4 8 4 5 4 5 6 7 8 3 4
fixed BDSwiss 3 4 4 3 2 8 4 3 4 6 6 7 3 3
fixed Bulbrokers 2 4 3 3 7 3 4 3 4 6 x x 3 3
fixed Charter FX 4 5 5 5 5 10 5 5 5 5 x x 5 5
fixed Citypoint Trading 2 3 3 3 8 3 4 3 4 x x x 2 3
fixed CMC Markets 2 3 2 3 8 2 4 2 5 4 5 7 2 2
Spread type Forex Broker EURUSD GBPUSD USDJPY EURJPY GBPJPY USDCHF USDCAD AUDUSD NZDUSD AUDJPY CADJPY NZDJPY EURGBP EURCHF
fixed Deltastock AD 2 4 3 4 8 3 4 3 5 5 6 8 3 3
fixed Easy-Forex 3 5 4 4 9 4 5 4 5 8 7 11 4 4
fixed eToro 3 5 2 4 6 3 5 4 5 7 8 4 5
fixed FIBO Group 2 3 3 3 7 3 4 3 4 5 6 8 2 3
fixed Finexo 3 4 3 4 7 4 4 4 4 6 6 7 4 4
fixed Forex Global Market (FXGM) 4 4 4 4 12 4 4 4 4 6 7 10 4 4
fixed FXOptimax 2 2 2 3 6 2 3 3 5 5 5 7 3 3
Spread type Forex Broker EURUSD GBPUSD USDJPY EURJPY GBPJPY USDCHF USDCAD AUDUSD NZDUSD AUDJPY CADJPY NZDJPY EURGBP EURCHF
fixed Forex-Metal 2 3 2 4 8 3 4 4 4 6 10 7 3 3
fixed FX Choice 1.5 2 2 2 5 2 2.5 2.5 3.5 3 5 7 2 1.5
fixed ForexCT 4 6 4 5 5 5 7 4 8
fixed ForexYard 3 4 3 4 6 4 4 4 4 6 8 8 4 4
fixed FXD24 2 3 3 4 8 3 4 4 9 6 6 8 2 3
fixed FXOpen 2 3 2 3 7 3 4 3 5 6 6 10 3 3
fixed GCI Financial 2 3 2 3 8 3 3 3 3 3 3
Spread type Forex Broker EURUSD GBPUSD USDJPY EURJPY GBPJPY USDCHF USDCAD AUDUSD NZDUSD AUDJPY CADJPY NZDJPY EURGBP EURCHF
fixed Hirose Financial UK 0.7 0.9 0.6 1.2 1.7 1.5 2 0.9 2 1.4 3.2 5 0.9 2
fixed HY Markets 4 4 4 9 9 4 6 4 x 9 13 x 7 13
fixed ICM Capital 1.6 2.7 1.9 3 6 2.8 3 3 4 4 6 15 3 3
fixed ICM – iTrade Capital Markets 2 3 2 3 8 3 4 4 4 4 x x 4 4
fixed IFC Markets 2 3 3 3 7 3 4 3 5 5 5 9 2 3
fixed iForex 3 4 3 5 8 4 5 4 5
fixed IHI – Investment House International 2 3 3 4 9 3 4 4 4 8 x x 4 4
fixed InstaForex 3 3 3 3 7 3 3 3 3 10 10 10 3 3
fixed InvestTechFX 0.5 0.5 0.5 1 1 0.5 0.5 0.5 1 1 1 1 1 1
fixed Liquid Markets 1.8 2.5 1.8 2.3 4.1 2 2.7 2.2 3.2 2.5 3.5 4 2.2 2.9
fixed LiteForex 3 3 3 3 7 3 3 3 3 4 9 14 3 4
fixed MasterForex 2 3 2 3 7 3 4 3 5 6 6 10 5 4
fixed(LITEForex) MAYZUS 2 3 2 4 7 3 4 3 4 5 6 10 3 3
fixed MBCFX 2 2 2 2 2 2 2
Spread type Forex Broker EURUSD GBPUSD USDJPY EURJPY GBPJPY USDCHF USDCAD AUDUSD NZDUSD AUDJPY CADJPY NZDJPY EURGBP EURCHF
fixed One Financial Markets 2 3 2 3 8 3 4 2 4 5 5 6 2 3
fixed PFG FX – Pro Finance Group 2 3 4 8 7 4 5 5 6 6 6 8 3 7
fixed Profiforex 2 3 2 3 7 3 3 3 4 4 5 x 8 12
fixed Real Trade Group 1 2 1 3 6 2 2.5 2 3.5 3.5 x 6 1.6 2.5
fixed RFXT – Royal Forex Trading 2 3 2 3 5 3 3 3 5 7 6 7 3 3
fixed RoboForex 2 2 3 4 8 4 4 4 5 6 6 8 3 3
fixed(mix) Swiss International 3 4 4 4 8 4 5 5 5 5 5 8 4 5
fixed thinkorswim 2 4 3 4 8 4 4 4 4 5 7 7 3 4
fixed Trader’s Way 2 3 2 3 7 3 4 3 4 5 6 7 3 3
fixed UFXMarkets 3 5 4 4 9 4 5 4 6 x x x 5 5
fixed X-Trade Brokers (XTB) 1.4 2.6 2.5 3 5.3 2.5 3 3 3.8 4.5 5.5 5.3 2.5 3
fixed XForex 3 4 3 3 7 4 4 5 5 6 6 12 3 4
fixed YouTradeFX 3 4 3 4 8 4 5 4 5 6 7 8 3 4
Spread typeVARIABLEas low as Forex Broker EURUSD GBPUSD USDJPY EURJPY GBPJPY USDCHF USDCAD AUDUSD NZDUSD AUDJPY CADJPY NZDJPY EURGBP EURCHF
variable AAAFx 1.5 1.9 1.9 2.1 2.7 1.9 2.7 2.2 2.7 2.7 3.5 3.3 2.3 2.8
variable Abshire-Smith 1.4 2.1 1.3 2.9 5 2.1 2.3 2.8 2.7 4.1 x 4.3 1.8 2.7
variable AccentForex 0.8-2 0.8-3 0.8-2 0.9-3 4-7 1.3-3 1.3-3 1-3 3-4 2-5 4-7 3-10 0.5-4 1-4
variable ACFX 2-3 3-4 2-3 4-5 8-9 2-3 3-4 3-4 5-6 8-10 6-8 11-13 4-5 4-5
variable ActivTrades 0.9 1.9 0.9 1.9 2.9 1.9 1.9 1.9 1.9 2.9 2.9 3.9 1.9 1.9
variable AGEA 2 4 3 4 8 4 4 4 4 5 x x 3 4
variable Alpari UK 1.6 2.5-2.8 2 3.2 5.5-5.6 2.6-2.7 3.5-3.7 2.8 6 5 5 7 2-2.1 2.8
variable ATC Brokers 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
variable(average) Axiory 1.9 3 2.2 3.5 6 3 3.5 3 x 6 6 x 3 3.5
variable AxiTrader 1.4 2 1.5 2 4.5 2 2.5 2 3 3.5 x 4 2 2.5
variable Blackwell Global 2.2 3 2.2 2.7 3.8 2.5 3.4 3 4 4.2 4.4 4.9 2.6 2.5
variable average Bulls Capital Markets 1.6 2.5 2.4 2.8 3.3 2.6 3 2.8 3.2 3 2.8 3.6 2.4 2.6
variable(Level 2) Deltastock AD 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
variable DF Markets 1 2 3 2.5 5 2 2.5 2 2.5 5 6 8 2.2 3
variable Divisa Capital 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
variable Dukascopy Bank SA 0.5-1 1-2 1-1.5 1-2 4 1-2 1-2 1-2 1-2 5 1-2 1-2
VARIABLEas low as Forex Broker EURUSD GBPUSD USDJPY EURJPY GBPJPY USDCHF USDCAD AUDUSD NZDUSD AUDJPY CADJPY NZDJPY EURGBP EURCHF
variable(average) EXNESS 0.1-0.9 0.1-1.1 0.2-0.9 0.9-2 0.6-2 0.3-1.2 0.3-1.4 0.2-1.4 0.2-1.7 0.4-1.7 10 10 0.3-1.3 1.5-7
variable(snapshot) FastBrokers 1.3 2.3 1.1 1.5 2.9 2.2 1.6 1.7 3 2.1 2.8 x 2 2.5
variable(as low as) FBS 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
variable(average) FinFX 0.6 1.4 0.9 1.6 1.7 2.7 1.6 1.7 2.5 1.3 2.1 2 1.4 1.2
variable Forex.com 1-1.5 0.9-3.2 0.9-1.9 1.1-3.1 2.1-5 0.9-3.1 0.9-3.7 0.9-2.3 0.9-2.9 2.8-4.3 2.8-4.5 2.8-4.9 1-3.7 1.3-3.5
variable Forex FS 3 4 3 4 6 4 5 4 6 6 5 6 3.5 4
variable FX Choice 0.5 1 1 1 2 1 1 1 2 2 2 3 1 1
variable FXCM – Forex Capital Markets 1-2.3 1-3 1-2.4 1.1-3.1 1.1-5.4 1-3 1-3.7 1.1-3.1 1.1-4 1.4-4.8 1.6-5.7 1.1-4.4 1.1-3.2 1.4-3.9
variable FXDD 2 4 3 4 8 3 5 4 5 6 7 x 5 4
VARIABLEas low as Forex Broker EURUSD GBPUSD USDJPY EURJPY GBPJPY USDCHF USDCAD AUDUSD NZDUSD AUDJPY CADJPY NZDJPY EURGBP EURCHF
variable FXOptimax 1.8 1.8 1.8 2.5 4.5 1.8 2 2 3 4 3 6 2.5 3
variable FxPro 0.8-2 0.8-3 0.8-2 0.9 4 1.3-3 1.3-4 1-3 3-5 5 5 10 0.5-5 1
variable(institutional) GAIN Capital Group 0.2 0.5 0.2 0.4 2 0.5 0.5 0.5 0.5 2.5 2 2.5 0.5 0.3
variable(individual) GAIN Capital Group 0.9-2.1 0.9-3.2 0.9-1.9 1.1-3.1 2.1-5 0.9-3.1 0.9-3.7 0.9-2.3 0.9-2.9 2.8-4.3 2.8-4.5 2.8-4.9 1-3.7 1.3-3.5
variable Gallant Capital Markets 1-1.5 2.8 1.8 3.2 4.2 2.6 2.7 2.6 3.3 x 4.2 4.2 2.9 2.8
variable Gedamo Investments 1.4 2.5 1.4 2.4 4.3 2.9 2.9 2.9 3.3 3.2 3.3 4.9 2.2 2.5
variable Go Markets 0.5-1 2 1.5 3 5 1.5 3.2 1.5 3 3.2 x 5.2 2.3 2.7
variable Hantec Markets 2 3 2 3 5 3 4 3 4 4 4 5 2.5 3
variable HotForex 0.8 1.3 0.9 1.8 3 1.2 2.5 3.5 2 4.5 3 4 1.3 2.5
variable IamFX 0.1-1.5 0.3-1.2 0.2-1.3 0.2-1.3 0.2-5 0.2-1.3 0.2-2.5 0.2-2.5 0.1-5 0.1-5 0.1-6 0.1-5 0.3-2.5 0.3-2.5
variable IBFX 0.0-1.8 0.0-3.5 0.0-2.5 0.0-3.2 0.0-5.6 0.0-3.2 0.0-3.2 0.0-3.3 0.0-4.3 0.0-4.5 x 0.0-5.8 0.0-2.8 0.0-3.6
variable IG Markets 0.8 1 0.8 1.7 2.8 1.9 2.5 0.8 2 3.5 4 5 1 2
variable(4 digit spread) IKON Global Markets 2 3 2 4 8 3 4 3 4 9 8 8 4 8
variable(5 digit spread) IKON Global Markets 0.8 1.9 0.9 1.4 4.7 1.3 2.1 1.4 2.9 2.9 4 4.8 1.5 1.7
VARIABLEas low as Forex Broker EURUSD GBPUSD USDJPY EURJPY GBPJPY USDCHF USDCAD AUDUSD NZDUSD AUDJPY CADJPY NZDJPY EURGBP EURCHF
variable Interactive Brokers 0.5-2 0.5-2 0.5-2 0.5-2 0.5-2 0.5-2 0.5-2 0.5-2 0.5-2 0.5-2 0.5-2 0.5-2 0.5-2 0.5-2
variable Lider Forex 1-2.3 1-3 1-2.4 1.1-3.1 1.1-5.4 1-3 1-3.7 1.1-3.1 1.1-4 1.4-4.8 1.6-5.7 1-4.4 1.1-3.2 1.4-3.9
variable Liquid Markets 0-0.6 0.3-1.6 0.1-1.2 0.4-1.5 0.4-2.3 0.3-1.5 x 0.1-1.6 0.4-1.9 0.5-1.6 0.7-1.9 0.7-2.1 0.2-1.2 0.1-1.9
variable MB Trading 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
variable NordFX 1-1.6 1-2.2 1-1.6 1-3.1 1-3.6 1-2.7 1-3.1 1-2.2 1-3.6 2-3.6 1-3.1 3-4.5 1-3.1 1-2.7
variable OANDA 0.9 2.4 1.2 2.3 4.3 1.7 2.3 1.8 2.3 2.1 3 2.9 1.4 2.3
variable OctaFX 0.3-1.5 1.5-2.5 1-1.5 2-3 5-6 1.5-2.5 1-2.5 1.5-2 3-3.5 0.6-2 0.6-2 0.6-2.5 1-1.6 1.5-2.5
variable Pacific Financial Derivatives (PFD) 0.4-0.8 2.4 0.8 1-2 2-3 1-2 2-3 2 2-3 1-2 2-3.5 2-3 2 1-2.5
variable PaxForex 1 3 3 10 7 3 4 4 4 6 6 7 5 3
variable Pepperstone 0.5-1.8 1-2.2 1-1.7 1-2.2 1-3.2 1-2.9 1.1-2.4 1-1.8 1.2-3.6 1-2.2 1-2.4 1.2-4.4
variable RTFX 2-2.8 2.5-3.5 2-3 2.2-3 5-7 2.5-3.5 3-4 2.8-4 3-4 3.5-5 4-5.5 4.7-6.5 2.1-2.8 2.2-3
variable Questrade 1.6 1.9 1.6 1.8 3.3 2 2 1.8 1.3 4 3.5 4 0.7 1
variable Real-Forex 1.8 2.5 1.8 2.6 3.8 2.6 2.4 2.9 3.5 3.5 1.7 2.8 2.3 2.5
variable RetailFX 3 5 2 4 6 3 5 4 5 7 8 x 4 5
variable RFXT – Royal Forex Trading 0.8-1.8 1.7-2.7 0.8-1.8 1.5-2.5 2.1-3.1 1.5-2.5 1.4-2.4 1.3-2.3 2.2-3.2 1.8-3.2 1.7-2.7 2.1-3.1 1.3-2.3 1.9-2.9
VARIABLEas low as Forex Broker EURUSD GBPUSD USDJPY EURJPY GBPJPY USDCHF USDCAD AUDUSD NZDUSD AUDJPY CADJPY NZDJPY EURGBP EURCHF
variable RoboForex 0.4-0.9 0.5-1.6 0.3-1.1 0.6-2 0.5-2.9 0.4-1.5 2.4-3 1.8-2.9 2-3.8 1.9-3.3 1.9-3.8 0.4-2.4 0.4-1.2 0.5-2
variable Saxo Bank 2 4 3 3.5 7 3 4 3 4 6 5 7 3 3
variable SmartTradeFX 0.9 2.6 0.9 2.9 4.6 1.6 2.7 2.9 3.7 2.5 3.5 x 1.8 1.6
variable Sunbird 0.7-1.7 1-2.6 0.8-1.9 1-2.9 1.8-3.9 1-2.5 1-2.7 1-2.7 1.5-3.7 1.5-3.7 2-3.4 2-4.3 0.5-2.3 0.5-2.4
variable TradeKing 2.3 0.5-1.5 0.5-1.5 0.5-1.5 1.8-2.8 0.5-1.5 0.5-1.5 0.5-1.5 0.5-1.5 1.5-2.5 2-3.5 2.5-3.5 0.4-0.9 0.5-1
variable(average) Trader’s Way 0.3 1.2 0.8 1.6 2.1 1.1 1.2 1.1 1.9 1.6 1.7 2.2 0.9 2.3
variable(average) Traders Trust 1.8 2.2 1.9 2.5 3.5 2.3 3.8 2.8 3.2 3.5 3.5 x 2.1 2.6
variable TradeStation Securities 1 1.5 1 1.5 3 2 1.5 1.5 2 2 2 3 2 2
variable Trading Forex 0.8 1 0.9 1.8 2.5 1 1.3 1.1 1.6 2.3 2.5 2.9 1.9 1.8
variable XM 1.4-1.6 1.4-2.6 1.4-1.7 x 2-3.5 1.4-2 1.4-2.6 1.4-2.2 1-2.9 2-4.4 2-4.9 2-5 1-1.8 1.4-2
variable(snapshot) UpFX
variable Vantage FX 0.5-2.3 2 1.5 3.4 5 1.5 3 1.5 3 3.2 x 5.5 2.3 3.2
variable Vantage FX UK 0.5-2.3 2 1.5 3.4 5 1.5 3 1.5 3 3.2 x 5.5 2.3 3.2
variable WH Selfinvest 0.8-3 0.8-4 0.8-3 1-4 2-8 0.8-4 2-5 0.8-4 0.8-5 1.4-5 3-7 3-7 1-3 1-6
variable Windsor Brokers 2 3 2 3 8 4 4 3 4 7 5 7 3 3
variable X-Trade Brokers (XTB) 1.4 0-2.2 0-1.8 1.7-2.1 2.3-4.8 0-2.2 1.7-2.8 1.3-2.2 2-2.8 3-3.9 2.8-4.1 3.2-4.5 1.1-2.2 1.5-2.2
variable + commission X-Trade Brokers (XTB) 0.57 0.95 0.42 0.71 0.6 0.75 1
Forex Broker EURUSD GBPUSD USDJPY EURJPY GBPJPY USDCHF USDCAD AUDUSD NZDUSD AUDJPY CADJPY NZDJPY EURGBP EURCHF
Sucden (UK) Limited 3 4 3 3.5 7 4 4 3 4 6 5 7 3 3

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Variable vs Fixed Spread Trading

The table below explains the main differences between variable spreads offered by ECN brokers and fixed spreads offered by a traditional dealing desk broker.

Not all brokers who offer variable spreads provide ECN platforms: continue by learning the difference between ECN, STP and Dealing Desk brokers

Features Variable Spreads ECN platform Fixed Spread Dealer platform Commentary
Better Prices YES NO ECN platform allows traders to get better price quotes, and often be able to trade inside the pip. Such variable spreads can be as low as 0 at times.
Trading on Interbank and between traders YES NO Unlike with fixed spreads form a Dealing desk broker, variable spreads from ECN broker provide maximum flexibility: a trader can deal on prices streamed directly from participating banks as well as deal on prices entered by other traders. Competitive bids/offers create a base for better quotes.
Instant trading without re-quotes YES NO Traders trading on ECN platform don’t get re-quotes. The platform technology uses strict price+time dealing protocol which ensures that trading positions are filled at the price seen on the screen.

 


What is a Spread?

Let’s pick the EURUSD, the most popular currency pair among retail traders.

The difference between the bid and ask is 0.5 pips or half a pip, as the image shows. Depending on the volume traded, it has a different value for each trade.

For instance, when trading 0.1 lots on the EURUSD pair, a one pip profit roughly translates into $1. Hence, half a pip spread cost represents $0.5 on a 0.1 lot trade. Note that the spread doesn’t increase with the number of pips gained. It remains constant and is paid regardless if the trader makes a profit or not.

How does a broker determine its spreads?

The liquidity provider determines the spreads. The more liquidity providers, the more competitive the spreads become, especially during illiquid market moments.

There are different types of brokers, and the way they are organized influences the spreads they offer. For instance, Some brokers offer fixed spreads but don’t be fooled into thinking that’s the only cost, because in this case, typically, other commissions and hidden fees exist.

In any case, the spread is one of the primary income sources for the broker and sits at the heart of its operation.

Therefore, it is essential to be aware of the brokers offering the lowest spreads possible without adding an extra fee and hidden commissions.

Low spread trading – How will low spreads benefit your P/L

Coping with spreads can be a struggle for the retail trader. Retail traders, especially new traders sometimes trade via scalping. This is opening and quickly closing trades for immediate returns.

Imagine you have a trading strategy that targets ten pips for every trade. If the spread is one or two pips, that’s ten or twenty percent of the cost. Add to it the commissions and other associated costs, and the strategy isn’t so profitable anymore.

On top of that, spreads widen during critical economic releases and during illiquid times. In high volatility environments, spreads increase, and it is easier to have the stop loss hit. Therefore, is not only important to choose a low spreads broker, but one that has tight spreads during all moments in a trading day, not only when the market is calm.

Choosing a Low Spread Broker

Most brokers offer the tightest spreads on the most popular pairs (e.g., EURUSD) but then wider ones in markets with lower liquidity. The comparison tables provided here should be of great help in finding the desired broker to trade with.

Fixed Vs variable spreads

As the name suggests, fixed spreads do not change. However, this comes at an increased cost, as they are always wider than variable spreads.

A news trader may favour fixed spreads despite being wider. It is a guarantee offered by the broker that it’ll execute the orders no matter what. But a swing trader and especially a technical trader benefits the most from variable spreads and direct execution, despite paying more to get in or out of the market.

Why spreads increase

When the market moves fast, spreads increase. It happens during economic releases or other market-related news that creates volatility.

When spreads widen and quoted higher than advertised

During increased market volatility variable spreads will widen for all dealing desk brokers, which means a trader won’t get the lowest spreads advertised by a Forex broker.

However, with ECN brokers clients will have actually lower spreads when activity in the market rises and trading volume increases – during those times variable spreads can drop to 1/10 of a pip = 0.1 pip and even be quoted at zero.
(With dealing desk brokers variable spreads never drop below the advertised point, they can only rise.)

Fixed spreads, although called “fixed”, can also be subject to change.

There are brokers who offer Fixed Guaranteed spreads – such spreads don’t change no matter what.

All other brokers offer Fixed-with-Exception spreads (often marked with stars*) – these are the spreads that can change should the market become extremely volatile, for example, during important news announcements, such as Non-Farm Payroll, Unemployment Rate, Consumer Price Index, Retail Sales, Interest rates etc. During other trading hours, spreads remain fixed.

Also, traders should note the common practice of widening spreads during weekends, as well as for some Forex brokers – during night hours from Monday to Friday.

Conclusion

Traders should pick the broker offering the lowest spreads possible. However, the best broker is not always the one offering the lowest possible spreads. When choosing a broker, look for the combination of lower spreads, fair execution (this includes risk management tools like stop losses and take profit orders), little or no commissions, and no hidden costs.


FAQ’s

Which broker to choose: with fixed or variable spreads?

It depends on the trading strategy. Forex fixed spreads are wider but guaranteed, while variable spreads tighten during calm markets and widen significantly in volatile markets.

Are spreads the same on all currency pairs?

No. Typically, major pairs (i.e., the ones paired with the USD) have tighter spreads than cross pairs (i.e., with no USD).

Is there a broker with 0 spreads?

Yes. But be aware that the broker must charge from other sources, and the trader ends up paying more.

What conditions to look for when choosing a low spread broker?

Multiple liquidity providers, variable spreads broker.

 

 


For more brokers of different trading conditions, we’ve pulled together the best brokers for each:

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