With over $6.6 trillion in average daily turnover, the foreign exchange (forex) market is the world's largest and most liquid financial market. For traders, partnering with a low-spread forex broker can maximize profitability when trading currencies.
This article reviews the best 12 forex brokers with the lowest spreads in 2024. Whether you are a novice or an experienced trader, finding a broker with ultra-competitive spreads and fast execution is key to successful forex trading.
We analyze pricing, regulation, technology, and more to rank the best brokers for narrow spreads and overall value. Choosing the right partner can save you money on every trade, especially when engaging in high-frequency strategies. Read on to discover the top forex brokers to consider for low-cost currency trading this year.
How Did We Choose the Best Low Spread Forex Brokers?
Choosing a forex broker with competitive spreads can make a significant difference for active traders. But with countless brokers advertising “zero spread” accounts, navigating this maze to find the best pricing can be challenging. Our selections for the best forex brokers of 2024 are informed by rigorous analysis of real trading costs.
We examine average spreads on major currency pairs during peak trading hours across each broker's account offerings to reveal actual pricing performance. Account minimums, commissions, and non-trading fees are also scrutinized to determine the most cost-effective brokers overall.
By benchmarking spreads alongside key criteria like regulations, trading platforms, and customer service, we provide forex traders with definitive rankings to secure the best value. This level of transparency empowers you to make an informed choice on a trusted forex partner for 2024.
List of 12 Best Low Spread Forex Brokers
| Broker | Main Feature |
|---|---|
| IC Markets | World's biggest forex broker by volume, average EUR/USD spread of 0.1 pip |
| Exness | Provides average GBP/USD spread of just 0.1 pip, regulated broker operating in over 130 countries |
| Tickmill | Known for having tight spreads, with commissions from only $2 per round turn |
| FP Markets | Super fast order execution and favorable trading conditions spreads as low as 0.1 pips |
| Pepperstone | UK-regulated broker with spreads from 0.0 pips, no commissions charged |
| IG | Industry pioneer offering competitive spreads from 0.6 pips, award-winning web trading platform |
| CMC Markets | Next Generation platform with consistently low spreads, no commissions charged |
| Forex.com | Competitive spreads from 1.0 pip, diverse selection of currency pairs |
| Capital.com | Beginner-friendly broker offering tight spreads from 0.6 pips, minimum deposit of just $20 |
| Global Prime | ECN spreads from 0 pips by connecting trades directly into tier 1 liquidity pools |
| Fusion Markets | Raw ECN spreads from 0.0 pips, $0 minimum deposit |
| Trade Nation | UK regulated broker with spreads from 0.0 pips, no commissions charged |
1. IC Markets
As the world's largest forex broker by trading volume, IC Markets provides traders access to ultra-competitive pricing across over 75 currency pairs. With average spreads as low as 0.1 pip on the benchmark EUR/USD, IC Markets leverages its scale as a market leader to connect clients with deep liquidity and optimized trade execution.
Regulated across major jurisdictions like Australia and Seychelles, the broker offers account insurance up to $1 million to assure your funds are secure. Whether you are looking to trade manually or employ automated strategies, IC Markets delivers the technology, features, and pricing to maximize your opportunities.
With fast account opening, dedicated account managers, and 24/7 multilingual support, IC Markets reduces friction to keep you focused on trading. As a trusted broker for over 15 years, IC Markets provides the ideal environment for forex traders of all experience levels.
Key Features
- World's largest forex broker by trading volume
- Account insurance up to $1 million
- Support for manual and automated trading strategies
- 70+ built-in technical indicators on platforms
- Access to deep liquidity pools
- 20+ cryptocurrencies available for trading
- Social trading features like the IC Social app
- Award-winning broker for pricing and technology
| Feature | Details |
|---|---|
| Spreads | Average EUR/USD spread of just 0.1 pip, among the tightest globally |
| Execution Speed | Fast order execution from Equinix NY4 data center location |
| Trading Platforms | MetaTrader 4, MetaTrader 5, and cTrader platforms offered |
| Account Offerings | Multiple account types including commission-based “Raw Spread” accounts |
| Regulations | Regulated across major jurisdictions like Australia and Seychelles |
2. Exness
Established in 2008, Exness has earned a reputation as a trusted global forex and CFD broker known for competitive spreads starting from 0.1 pips. Catering to over 800,000 active traders worldwide, Exness provides access to 75+ currency pairs alongside commodities, indices, and crypto.
With regulation spanning Cyprus, the UK, Australia, and beyond, traders can feel secure depositing funds. Exness distinguishes itself by offering unique social trading features to copy expert strategies or share your own. For beginners, the broker provides extensive educational resources from video courses to analytics tools for honing your skills.
With multilingual 24/7 customer support, responsive trading platforms, and account offerings tailored to various trade styles, Exness aims to serve traders of all experience levels.
Key Features
- Over 800,000 active traders worldwide
- Access to 75+ currency pairs and other assets
- Unique social trading features to copy or share strategies
- Extensive educational resources for beginners
- Multilingual 24/7 customer support
| Feature | Details |
|---|---|
| Spreads | Ultra-competitive spreads from 0 pips on major pairs |
| Execution Speed | Super-fast order execution in under 25ms |
| Trading Platforms | MT4, MT5, Exness Trader offered |
| Account Offerings | Multiple account types for all trader types and strategies |
| Regulations | Regulated across major jurisdictions like FCA, CySEC |
3. Tickmill
Established in 2014, Tickmill has rapidly emerged as a competitive forex and CFD broker known for tight spreads and fast execution speeds. Regulated across major jurisdictions, Tickmill provides traders access to over 80 tradable instruments through its MT4 and MT5 platforms.
For algorithmic traders, Tickmill delivers order execution in just 0.30 seconds alongside dedicated VPS hosting services. With multiple account types tailored to different trade styles, Tickmill offers pricing from 0 pip spreads alongside commissions as low as $2 per lot.
Traders also benefit from risk management tools, integrated third-party plugins for analytics, and multilingual support. As an award-winning broker focused on trading technology, Tickmill aims to provide an optimal environment for forex and CFD traders of all experience levels.
Key Features
- Dedicated VPS hosting services for algo traders.
- Commissions as low as $2 per lot.
- Award-winning broker focused on trading technology.
- Access to over 80 tradable instruments.
| Feature | Details |
|---|---|
| Spreads | Tight spreads starting from 0.0 pips |
| Execution Speed | Ultra-fast execution around 0.30 seconds |
| Trading Platforms | MT4, MT5, and FIX API connectivity offered |
| Account Offerings | Multiple account types for all trade styles |
| Regulations | Regulated across major jurisdictions like FCA UK |
4. FP Markets
Established in 2005, FP Markets is an Australian-based global forex and CFD broker known for fast execution speeds and tight spreads starting from 0 pips. Regulated by ASIC, FP Markets provides traders access to over 10,000 tradable instruments across shares, forex, indices, commodities, and cryptocurrencies.
Key features include deep liquidity from top-tier banks, dedicated account managers, and integrated third-party plugins on the MT4 and MT5 platforms for advanced analytics. With multiple account offerings tailored to different trade styles alongside virtual private server hosting services, FP Markets aims to cater to traders of all experience levels.
As a trusted broker with over 15 years of experience, FP Markets delivers optimal trading conditions and technology to maximize opportunities.
Super fast order execution and favorable trading conditions
Key Features
- Over 10,000 tradable instruments across various markets.
- Award-winning broker with 15+ years experience.
- Australian regulated, established in 2005.
- Multiple platforms including MT4, MT5, and Iress.
- Dedicated account managers provided.
| Feature | Details |
|---|---|
| Spreads | Spreads as low as 0.1 pips on Razor account |
| Execution Speed | Super fast order execution around 30 milliseconds |
| Trading Platforms | MT4, MT5, and cTrader platforms offered |
| Account Offerings | Multiple account types including commission-based “Raw Spread” accounts |
| Regulations | Regulated by ASIC in Australia and other tier-1 jurisdictions |
5. Pepperstone
Established in 2010, Pepperstone has rapidly emerged as an award-winning global forex and CFD broker known for razor-sharp spreads from 0 pips, fast execution speeds, and an extensive product range across currencies, indices, commodities, shares, cryptocurrencies, and more.
Regulated across major jurisdictions, Pepperstone provides traders access to over 1200 instruments through its popular cTrader and MetaTrader 4/5 platforms optimized for desktop and mobile.
With multiple account types tailored to suit different trading styles and strategies, Pepperstone offers ECN-style pricing, deep liquidity from top-tier banks, risk management tools, integrated trading signals, and dedicated 24/5 multilingual client support. As a trusted broker focused on trading technology, Pepperstone aims to provide an optimal environment for forex and CFD traders of all experience levels.
Key Features
- Access to over 1200 tradable instruments.
- ECN-style pricing and deep liquidity.
- Integrated trading signals to copy.
- 24/5 dedicated multilingual support.
| Features | Details |
|---|---|
| Spreads | Razor-sharp spreads from 0 pips |
| Execution Speed | Less than 30ms execution speeds |
| Trading Platforms | Award-winning MT4, MT5, cTrader, and TradingView platforms offered |
| Account Offerings | Wide range of account types |
| Regulations | Regulated in 7 jurisdictions globally including Australia and UK |
6. IG
Established in 1974, IG is an award-winning global leader in online trading, offering clients access to over 17,000 tradable markets across shares, forex, indices, commodities, bonds, interest rates, options, and cryptocurrencies. Regulated across major jurisdictions like the UK, EU, US, and Australia, IG provides advanced web and mobile trading platforms alongside powerful research tools, risk management features, and integrated trading signals.
With over 300,000 active clients worldwide, IG has earned a reputation for trust and excellence – winning “Most Trusted Broker” for five consecutive years and ranking #1 for customer service. As an early industry pioneer, IG delivers an all-around fantastic trading experience.
Key Features
- Integrated trading signals and analysis.
- Powerful research tools and risk management.
- Over 300,000 active clients worldwide.
- Voted “Most Trusted Broker” 5 years running.
- #1 rated for customer service.
| Feature | Details |
|---|---|
| Spreads | Competitive spreads starting from 0.6 pips on EUR/USD |
| Execution Speed | Trades executed in less than 1 second, with an average execution speed of 0.017 seconds |
| Trading Platforms | Access to a range of platforms including MetaTrader 4 and IG's proprietary web and mobile apps |
| Account Offerings | Over 17,000 tradable markets including forex, indices, commodities, and more |
| Regulations | Regulated by top-tier authorities like the FCA, ASIC, and CFTC |
7. CMC Markets
Established in 1989, CMC Markets is an award-winning global provider of online trading across forex, indices, commodities, cryptocurrencies, and more. Regulated across major jurisdictions, CMC Markets delivers institutional-grade trading technology alongside powerful risk management tools, integrated market analysis, and dedicated 24/5 multilingual support.
With multiple account offerings tailored to suit different trading styles, CMC Markets provides access to over 10,000 financial instruments alongside competitive pricing. As an industry pioneer and trusted broker for over 30 years, CMC Markets aims to give clients the best opportunity to maximize their trading potential.
Key Features
- Award-winning online trading platform since 1989.
- Access to over 10,000 financial instruments.
- Advanced and customizable web and mobile apps.
- Integrated market analysis and risk management tools.
- Segregated client funds and negative balance protection.
| Feature | Details |
|---|---|
| Spreads | Competitive spreads with typical spreads of 0.61 pips on the EUR/USD |
| Execution Speed | Lightning-fast execution in 0.0030 seconds |
| Trading Platforms | Access to MetaTrader 4 and CMC's proprietary Next Generation platform |
| Account Offerings | Over 10,000 tradable assets including forex, indices, commodities, and more |
| Regulations | Regulated by top-tier authorities like the FCA, ASIC, and others |
8. Forex.com
Established in 2001, Forex.com is an award-winning forex and CFD broker known for competitive pricing, advanced trading platforms, and extensive market access across over 80 currency pairs alongside global equities, indices, commodities, and more.
Regulated by top-tier authorities like the FCA, ASIC, and CFTC, Forex.com provides traders with a secure environment to analyze markets using integrated tools like Reuters news and Trading Central research.
With intuitive web and mobile apps tailored for any skill level, Forex.com offers an all-around fantastic trading experience. As an industry veteran serving clients worldwide, Forex.com has earned a reputation for excellence – empowering traders with technology, education, and support.
Key Features
- Access to over 80 currency pairs and other tradable assets.
- Integrated market analysis tools like Reuters News and Trading Central.
- Award-winning forex and CFD broker with 20+ years experience.
- Multiple account types to suit different trader requirements.
- Educational resources and dedicated account managers.
| Feature | Details |
|---|---|
| Spreads | Competitive spreads with an average of 1.4 pips on the EUR/USD for the Standard account |
| Execution Speed | High-speed execution with a 99.57% execution rate of less than a second |
| Trading Platforms | Access to MetaTrader 4 and Forex.com's proprietary platforms |
| Account Offerings | Offers a variety of accounts including Standard, Commission, and Direct Market Access (DMA) accounts |
| Regulations | Regulated across major jurisdictions like FCA, ASIC, CFTC |
9. Capital.com
Established in 2016, Capital.com is an award-winning trading platform that makes global markets accessible to everyone. With intuitive apps, and over 3,000 markets across stocks, crypto, forex, and more, Capital.com aims to give traders the confidence to make informed decisions through integrated analysis tools, risk management features, and dedicated support.
Regulated across top-tier jurisdictions like the UK's FCA and Australia's ASIC, traders can feel secure depositing funds. Whether you’re new to trading or a seasoned pro, Capital.com provides an ideal environment to discover opportunities with virtual portfolios, copy trading capabilities, and in-depth educational resources alongside competitive pricing.
Key Features
- Over 3,000 tradable markets across stocks, crypto, and forex.
- Integrated analysis tools and risk management features.
- Virtual portfolios and copy trading capabilities.
- In-depth educational resources for all skill levels.
- Intuitive and customizable web and mobile platforms.
- AI-driven system to analyze trading behavior.
| Feature | Details |
|---|---|
| Spreads | Competitive spreads with floating spreads from 0.6 pips |
| Execution Speed | High-speed execution suitable for high-frequency trading |
| Trading Platforms | Access to TradingView and Capital.com's proprietary platform |
| Account Offerings | Commission-free trading with a wide range of instruments |
| Regulations | Regulated by top-tier authorities |
10. Global Prime
Established in 2010, Global Prime is an award-winning Australian forex and CFD broker known for competitive ECN pricing, fast execution speeds, and direct access to tier 1 liquidity providers. Regulated by ASIC and VFSC, Global Prime provides traders access to 150+ instruments across currencies, commodities, indices, and crypto.
For algorithmic traders, features like a Python API, VPS hosting, and colocation services aim to optimize performance. With a focus on transparency alongside powerful trading platforms, risk management tools, and multilingual 24/5 support, Global Prime creates a robust trading infrastructure for clients. As a trusted broker, Global Prime empowers traders to capitalize on market opportunities.
Key Features
- Award-winning Australian forex and CFD broker.
- Features for algorithmic traders like Python API and colocation services.
- Focus on transparency alongside powerful trading platforms.
- Integrated risk management tools.
- Multilingual 24/5 customer support.
| Feature | Details |
|---|---|
| Spreads | Competitive ECN spreads from 0.1 pips |
| Execution Speed | Fast execution speeds and direct access to tier 1 liquidity |
| Trading Platforms | MT4, MT5, cTrader, and FIX API offered |
| Account Offerings | Multiple account types for all trader requirements |
| Regulations | Regulated by ASIC in Australia and VFSC |
11. Fusion Markets
Established in 2010, Fusion Markets is an award-winning Australian forex and CFD broker known for providing traders access to institutional-grade liquidity. With raw ECN spreads from 0 pips and fast execution through top-tier banks, Fusion Markets offers pricing and technology tailored to both manual and high-frequency trading strategies.
Regulated by ASIC, client funds are held securely in segregated accounts at National Australia Bank. Alongside powerful trading platforms, integrated tools for market analysis, and multilingual support, Fusion Markets aims to give clients control, transparency, and flexibility – whether you are a novice trader or an experienced professional.
Key Features
- Access to institutional-grade liquidity
- Client funds held securely in segregated accounts
- Award-winning broker focused on trading technology
- Over 250 tradable instruments including forex, metals, indices
| Feature | Details |
|---|---|
| Spreads | Raw ECN spreads from 0.0 pips |
| Execution Speed | Fast execution through top-tier banks |
| Trading Platforms | MT4, MT5, and cTrader platforms offered |
| Account Offerings | Multiple account types tailored to trade styles |
| Regulations | Regulated by ASIC in Australia |
12. Trade Nation
Established in 2019, Trade Nation is a fast-growing UK forex and CFD broker known for providing traders access to tight spreads from 0 pips, fast execution speeds, and direct access to top-tier liquidity providers. Regulated by the FCA, client funds are securely segregated at Barclays and Deutsche Bank.
Alongside powerful trading platforms optimized for any device, integrated market analysis tools, and multilingual 24/5 support, Trade Nation creates a robust trading infrastructure for clients. Whether you are new to trading or a seasoned professional, Trade Nation delivers transparency, flexibility, and control – empowering you to capitalize on opportunities across 50+ markets.
Key Features
- Client funds are securely segregated at Barclays and Deutsche Bank.
- Intuitive and customizable web and mobile trading platforms.
- Over 50 tradable markets including forex, indices, and commodities.
- 24/5 dedicated multilingual customer support.
| Feature | Details |
|---|---|
| Spreads | Tight spreads starting from 0.0 pips |
| Execution Speed | Fast execution speeds and direct access to top-tier liquidity |
| Trading Platforms | Intuitive proprietary and MT4 platforms offered |
| Account Offerings | Multiple account types tailored to trader requirements |
| Regulations | Regulated by the FCA in the UK |
FAQs Related to Low Spread Forex Brokers
Why are low spreads important in forex trading?
Low spreads reduce the cost of trading, increasing potential profits. They're especially beneficial for frequent traders and scalpers.
What is a zero spread forex account?
Do low spreads guarantee the best trading experience?
Do spreads change with market conditions?
Wrapping Up on Low Spread Forex Brokers
Choosing a forex broker with competitive spreads and transparent pricing empowers you to maximize opportunities for trading currencies. Our rankings highlight brokers where active traders can access tighter spreads from as low as 0 pips alongside optimized trade execution.
While tempting deals exist, prioritizing stability and service ensures you have support managing volatility. Leading brokers highlighted also provide integrated tools for analysis alongside risk management features to inform decisions. As regulations differ globally, verifying oversight and security of funds prevents avoidable risks too.
We hope these recommendations give you confidence in finding an optimal forex partner aligned to your unique trading needs and style. Stay tuned next year as we continue benchmarking brokers to keep you trading effectively.
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