For this list, we have searched and tested several forex brokers offering lowest spreads across all markets.

We opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. We placed real trades in each popular market to get the real spreads.

We also reached out to customer support to solve issues that we hd encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.

We handpick the best lowest spread forex brokers based on our trading data and experience as a trader.

What is a Spread?

The difference between the bid and ask price of any financial instrument on a trading platform is called the spread, or more specifically bid-ask spread. The middleman, usually the broker, will take the bid-ask spread as profit for facilitating trading by creating a marketplace.

The spread in forex trading depends on several factors:

  • Supply or float
  • Demand
  • Trading activity

As the brokerage business is becoming competitive day by day, brokers are trying to undercut each other by offering low spreads. Most of the brokers even offer attractive spreads and do not charge additional commission on trading to attract more clients.

How is Forex Spread Calculated?

The bid-ask spread in forex trading is the difference between the price at which the broker or market maker buys and sells a currency. The bid is the price at which the broker is willing to buy the base currency in exchange for the counter currency, while the ask price is at which the broker is willing to sell the base currency.

For example, a broker displays the bid-ask price of EUR/USD pair as $1.2000/1.2050. It means to initiate a buy trade, the trader has to pay an ask price of $1.2050. If the trader immediately wants to exit the trade, the broker will pay the bid price of $1.2000. The gap of $0.0050 is the spread.

Best Low Spread Forex Brokers

To select the best low spread forex brokers, we tested and reviewed several forex brokers. We opened live accounts and depositing real money with each broker. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.

  • CMC Markets – Best Overall Low Spread Forex Broker
  • ActivTrades – Best Low Spread Forex Broker for Beginners
  • Dukascopy – Best High Leverage Low Spread Forex Broker
  • Admiral Markets – Best MT4 Low Spread Forex Broker
  • Capital.com – Best Low Spread Forex Trading Platform

Best Overall Low Spread Forex Broker

We have picked CMC Markets as the best overall low spread forex broker.

CMC Markets is a reputed and heavily regulated broker. It is licensed in the UK, Germany, Australia, Singapore, New Zealand, Canada, and the UAE. Its offerings include forex and CFDs of stocks, commodities, indices, and cryptocurrencies. It also offers spread betting in the UK.

When it comes to spreads, CMC Markets aces with flying colors. According to our tests, the average spread on the EUR/USD pair on the broker is only 0.7 pips, much lower than the industry average of 1.6 pips. It remains consistently lower for other markets as well: 2 pips for FTSE 100, 1 pip for Apple CFDs, and 3 pips for gold. All of them are lower than the industry averages.

Best Low Spread Forex Broker for Beginners

We have picked ActivTrades as the best low spread forex broker for beginners.

ActivTrades is a London-headquartered broker and is regulated in the UK, Bahamas, and Luxembourg. It is one of the best choices for beginner traders due to the wide library of educational resources. But, the most unique service is the one-to-one lessons provided to new traders. It also hosts webinars and in-person seminars on trading topics. Beginner traders can even test their trading skills on the demo account.

As for the spreads, ActivTrades spreads are either lower or around the industry average. The average spread on the most common EUR/USD pair is only 0.57 pips, while Apple CFDs and gold are 1.17 and 3.57, respectively.

Best High Leverage Low Spread Forex Broker

We have picked Dukascopy as the best high leverage low spread forex broker.

Many offshore brokers offer high leverages, but Dukascopy is one of the well-regulated ones in this space. With its Swiss FINMA license, Dukascopy offers leverage of up to 100:1 on major currency pairs. The broker is also regulated in Japan and Latvia.

Dukascopy also offers attractive spreads: the average for the EUR/USD stands at 0.8 pips, while for Apple CFDs and gold it is at 1.97 pips and 3.48 pips, respectively. The broker offers trading services with forex and CFDs of other asset classes.

Best MT4 Low Spread Forex Broker

We have picked Admiral Markets as the best MT4 low spread forex broker.

Admiral Markets offers trading services on MetaTrader 4 and MetaTrader 5 platforms, the former being the popular one. It offers a ton of useful indicators and charging tools on the trading platforms, helping the traders to analyze the markets.

The Estonia-headquartered broker offers some of the lowest spreads in the industry across all markets. Our tests found that the average spread on the EUR/USD pair was only 0.6 pips. It was 0.8 pips for both FTSE 100 and Apple CFDs. Gold spread is also below the industry average at 29 pips.

Admiral Markets is regulated in the UK, Cyprus, Australia, and Estonia, offering trading with forex, indices, stocks, commodities, and cryptocurrencies.

Best Low Spread Forex Trading Platform

We have picked Capital.com as the best low spread forex trading platform.

Capital.com is one of the top platforms when it comes to forex trading. It lists a total of 138 currency pairs, along with CFDs of indices, stocks, commodities, and cryptocurrencies. It offers trading services on industry-leading MT4 platforms and has no limitations on strategies, meaning both hedging and scaling are allowed.

Based in London, the broker also offers attractive forex spreads: the EUR/USD pair averaged at 0.8 pips on our tests.

Low Spread Forex Brokers List

Here is a complete list of forex brokers and the spreads charged by them on various markets, which we have tested and reviewed.

Forex BrokerSpread on EUR/USDSpread on FTSE 100Spread on Apple CFDsSpread on GoldTest DetailsBroker Review
FxPro1.61.70.63.1
Deposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
Admiral Markets0.60.80.82.9Deposit Amount: Over €4,500
Total Trade: 12 trades
Admiral Markets Review
BlackBull Markets1.231.040.42.37Deposit Amount: Over €4,000
Total Trade: 12 trades
Visit BlackBull Markets
GO Markets1.0242.43Deposit Amount: Over €4,500
Total Trade: 12 trades
Go Markets Review
ActivTrades0.572.981.173.57Deposit Amount: Over €5,000
Total Trade: 12 trades
ActivTrades Review
XM1.61.51.353.5Deposit Amount: Over €5,000
Total Trade: 12 trades
XM Review
FXTM1.95.11.574.5Deposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
ICM Capital1.40.90.623.33Deposit Amount: Over €5,000
Total Trade: 12 trades
ICM Capital Review
Tickmill1.6313.8Deposit Amount: Over $8,000
Total Trade: 12 trades
Tickmill Review
Capital.comYesNoDeposit Amount: Over €3,500
Total Trade: 15 trades
Capital.com Review
XTB0.81.48.33.12Deposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
RoboMarkets (RoboForex)1.680.830.73.12Deposit Amount: Over €5,000
Total Trade: 12 trades
RoboMarkets (RoboForex) Review
Pepperstone1.1510.851.58Deposit Amount: Over €6,000
Total Trade: 12 trades
Pepperstone Review
FBS1.1314.6Deposit Amount: Over €5,000
Total Trade: 12 trades
FBS Review
GKFX0.670.833.72Deposit Amount: Over €5,000
Total Trade: 15 trades
GKFX Review
Darwinex0.320.702.171.33Deposit Amount: Over €5,000
Total Trade: 12 trades
Darwinex Review
IC Markets11.11.52.2Deposit Amount: Over €5,000
Total Trade: 12 trades
IC Markets Review
ThinkMarkets1.30.733.93Deposit Amount: Over €5,000
Total Trade: 15 trades
ThinkMarkets Review
FP Markets1.21.32.33.9Deposit Amount: Over €6,000
Total Trade: 12 trades
FP Markets Review
Amana Capital1.431.80.424.35Deposit Amount: Over €5,000
Total Trade: 12 trades
Amana Capital Review
AvaTrade0.871.172.13.67Deposit Amount: Over €4,000
Total Trade: 21 trades
AvaTrade Review
CMC Markets0.7213Deposit Amount: Over €5,000
Total Trade: 12 trades
CMC Markets Review
Vantage FX1.150.881.172.42Deposit Amount: Over €5,000
Total Trade: 15 trades
Vantage FX Review
INFINOX1.212.2Deposit Amount: Over €4,000
Total Trade: 9 trades
INFINOX Review
Axi (AxiTrader)1.21.12.8Deposit Amount: Over €6,000
Total Trade: 12 trades
Axi (AxiTrader) Review
Plus5000.821.94Deposit Amount: Over €6,000
Total Trade: 18 trades
Plus500 Review
eToro0.971.42.234.5Deposit Amount: Over $6,000
Total Trade: 18 trades
eToro Review
Trading 2121.372.471.77.47Deposit Amount: Over €5,500
Total Trade: 15 trades
Trading 212 Review
Fortrade1.832.272.64.5Deposit Amount: Over €5,000
Total Trade: 12 trades
Fortrade Review

FAQ and More on Low Spread Forex Brokers

Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to low spread forex brokers.

Low Spread Forex Brokers in the UK

Many UK-based forex brokers are offering low spreads to traders. These brokers are regulated by the Financial Conduct Authority (FCA), one of the most reputed financial market regulators. Some of the UK-based low spread forex brokers are:

  • Capital.com
  • Markets.com
  • Plus500
  • ActivTrades 

Low Spread Forex Brokers in Singapore

The Monetary Authority of Singapore (MAS) regulates all forex brokers operating in the country. Some of the low spread forex brokers operating in Singapore are:

  • Plus500
  • OANDA
  • CMC Markets

Low Spread Forex Brokers in the US

The forex industry is heavily regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Due to very strict guidelines, only a few forex brokers are offering services in the country. Some of the US forex brokers offering low spreads are:

  • OANDA
  • TD Ameritrade
  • Forex.com

Low Spread Forex Brokers for EUR/USD

Spreads have decreased heavily over the past few years. Some of top lowest spread forex brokers for trading currency pairs, based on our tests, are:

  • ActivTrades
  • Admiral Markets
  • GKFX

Low Spread Brokers for Indices

The top forex brokers with the lowest spreads for trading indices (based on our real-world tests) are:

  • ThinkMarkets
  • Admiral Markets
  • GKFX
  • RoboMarkets

Low Spread rokers for Share CFDs

The top three low spread brokers for trading share CFDs, which we have tested and reviewed, are:

  • BlackBull Markets
  • Amana Capital
  • FxPro

Low Spread Brokers for Crypto

Crypto CFDs trading has also become popular as digital currency prices remain too volatile. Some of the top brokers offering crypto CFDs and also charging low spreads are:

  • AxiTrader
  • Vantage FX
  • ThinkMarkets

MT4 Low Spread Forex Brokers

MetaTrader4 or MT4 is the most popular trading platform for trading forex and CFDs, both among retail and professional traders. The top MT4 forex brokers with the lowest spreads are:

  • CMC Markets
  • ActivTrades
  • Markets.com

High Leverage Low Spread Forex Brokers

Though many offshore forex brokers are offing high leverage levels, only a few well-regulated ones are offering the same. Some of the best well-regulated high leverage forex brokers that offer the lowest spreads are:

  • Dukascopy
  • BlackBull Markets
  • CMC Markets

Author of this review

By George Rossi

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Now I am passionate about reviewing and comparing forex brokers.

Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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