Best Lowest Spread Forex Brokers Listed in 2023

Picking a Low Spread Forex Broker or Zero Spread Account is essential, especially for Forex trading and scalping. Paying less cuts trading costs in the long run, especially if you are an active trader. We’ve put together this list of the best zero brokers to make things easier for you. We collected trustworthy and regulated brokers that have a strong reputation.

Low Spread Forex Brokers 2022

Based on our research, here are the best low spread brokers or zero spread brokers.

  • Pepperstone – Lowest Spread Forex Broker Overall
  • FP Markets – Ultra-competitive Low Spreads Broker
  • AvaTrade – Fixed Low Spreads Forex Broker
  • IC Markets – Raw Spreads Account Forex Broker from 0.0 Pips
  • – Best Execution Low Spread Forex Broker
  • FXTM – High Leverage Tight Spreads Broker
  • eToro – Great Copy Trading Low Spread Forex Broker
  • IG – No Commission Broker with Low Spreads
  • FxPro – 0 Spread Forex Broker
  • Fusion Markets – Low Commission Forex Broker
Featured Image Low Spread

1. Our Top Pick

Pepperstone Logo

PFI Rating: 4.9/5

All things combined, Pepperstone is our winner as the best broker with the tightest Forex Spreads and no commissions. Their Standard Account offers low average spreads from 0.6 pips for the EUR/USD pair and no commission trading fees. Their Razor account offers spreads from 0.0 – 0.3 pips + EUR 5,23 round turn per 100k traded.

Pepperstone has low trading fees and low costs overall compared to other brokers charging higher spreads.

standard vs razor account spread

Great For: Very Low Forex Trading

Pepperstone Quick Facts

Pepperstone is a safe and reliable forex trading platform trusted by many traders across the globe. Peperstone offers fast execution speeds on the popular Metatrader 4, Metatrader 5, and cTrader platforms. Their customer service is one of the best in the industry.

Pepperstone Accounts

Pepperstone offers two account types. The Razor account and the Standard account. The Standard account is great if you are a casual trader and don’t want to pay commissions. What sets Pepperstone apart from the competition is they offer competitive spreads for both the standard and ECN pricing accounts.

For frequent traders that wish to enjoy forex products with competitive spreads, their Razor account is a good choice.

Pros Cons
Forex Fees Mostly CFD
Trading Platform
Account Types
  • Mobile App: 4.9/5
  • Regulation: 4.9/5
  • Fees: 4.9/5
  • Min. Deposit: $0
  • Overall: 4.9/5

2. Runner Up

FP Markets Logo

PFI Rating: 4.9/5

FP Markets

First Prudential (FP) Markets is another excellent choice for low spread and high leverage. They are a well-regulated and trustworthy zero spread forex broker. They offer consistently low spreads starting at 0 pips and averaging around 0.45 pips. It offers access to a range of third-party platforms for you to choose from and an impressive selection of educational content.

On the downside, FP Markets isn’t available to US citizens.

3. Low Spread Social Trading Broker

AvaTrade Logo

PFI Rating: 4.9/5


AvaTrade is an excellent low spread broker for active traders. They offer competitive fixed spreads of 0.9 pips with no commissions. The minimum deposit is $100 to open an account with AvaTrade. They offer access to their proprietary platforms and both MT4 and MT5.  On the downside, they charge above-average inactivity fees.

The Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA), FCA, and CySEC regulate AvaTrade.


4. IC Markets

IC Markets Logo

PFI Rating: 4.8/5

With an average spread of 0.1 pips, IC Markets has one of the best spreads on this list. IC Markets fast order execution makes it a top choice for scalpers and algorithmic traders. IC Markets has no deposit or withdrawal commission fees. Plus, customers can access powerful platforms, including cTrader, and MetaTrader. IC Markets’ Raw Spread Account features zero spreads + commissions.

A downside is that there is a high minimum deposit required to open an account. logo

PFI Rating: 4.8/5 is one of the top-rated brokers in the US. This is another safe and reliable choice. gives you access to 80 currency pairs. Although spreads are low, there is a flat commission rate of $5 per standard lot. It offers three premium platforms as well as the popular MT4 platform. 

A downside is that passive traders will face inactivity fees. There is also a long waiting period for account verification.



PFI Rating: 4.8/5

ForexTime (FXTM) is another reliable choice for experienced and beginner traders. FXTM offers traders spreads starting at 0.1 pips with a great selection of account types.

FXTM gives clients access to over 200 markets which include 48 currency pairs. It stands out for its excellent customer service and educational tools.

On the negative side, FXTM charges high CFD fees. There are also inactivity fees and withdrawal fees.

Lowest Spread Brokers Comparison

Below we compared low spread forex brokers based on general information such as foundation year, regulation, offering of investments, and more.

Trading Platform


FP Markets


IC Markets




2010 2005 2006 2007 2001 2011 2007


ASIC, CySEC, FCA, SCB, DFSA, BaFin, CMA ASIC, CySEC FCA, ASIC, FSCA, FRSA, Israel Securities Authority, Financial Services Agency, Financial Futures Association of Japan ASIC, CySEC, FSA, SCB CFTC FCA, CySEC, FSCA, MiFID, FSA, BaFin, AMF, FCMC, AFM FCA, CySEC, ASIC, FSAS

Offering Of Investments

CFDs on Forex, Crypto, Shares, Indices, Crypto Forex, Shares, Metals, Commodities, Indices, Cryptocurrency, Bonds, ETFs Forex, Stocks, Commodities, FXOptions, Cryptocurrencies, Indices, ETFs, Bonds CDFs on Forex, Commodities, Indices, Bonds, Cryptocurrency, Stocks, Futures Forex, Shares, Commodities, Cryptocurrencies, Gold and Silver, Indices Forex, Indices, Forex Indices, Commodities, Metals, Stocks Stocks, ETFs, Forex, Crypto, Indices, Commodities

Minimum Deposit

$0 $100 $100 $200 $100 $50 $50 – $100

Demo Account

Yes Yes Yes Yes Yes Yes Yes

Withdrawal Fee

$5 $0 $0 $0 $25 in the US, and $40 for international $3 for Credit Cards, $20 – $40 bank transfer, $0 for Skrill / Neteller $5

Inactivity Fee

$0 $0 $50/month After 3 Months $0 $15/month after 12 months $5/month after 6 months $10/month

Deposit Methods

Credit/debit cards, Bank/Wire Transfer, PayPal, Neteller, Skrill, UnionPay Credit Cards. Debit Cards, Bank Transfer, Ngan Luong, FasaPay, Online Pay, Broker to Broker, Neteller, Skrill, PayTrust, PayPal, Bpay, Poli Credit and Debit Cards, Wire Transfer, e-payments Credit Cards, Debit Cards, PayPayl, Neteller, Skrill, UnionPay, Wire Transfer, Bpay, Fasapay, Broker to Broker, Poli, Thai Internet banking, Klarna, Rapidpay, Vietnames Internet Banking Credit Cards, Debit Cards, Wire Transfer Credit Cards, Debit Cards, e-Wallets, Bank Wire, Local Payment Solutions PayPal, Skrill, Neteller, Credit Card, Debit Card, Rapid Transfer, iDEAL, Klarna / Sofort Banking, Bank Transfer, Online Banking – Trustly, POLi

Fees Compared

While it is hard to compare fees as spreads vary, we compared fees below to give you a basic understanding. When comparing fees, you should look for all fees combined, not just the spreads.

Trading Fee Pepperstone FP Markets AvaTrade IC Markets FXTM


Minimum from 0.0 and 0.17 average spread (Razor Account) Minimum from 0.6 and 0.77 average spread (Standard Account) from 0.0 – 1.3 (average 0.2 pips) Spread: 0.9 Raw Spread account: 0.0 pips spread and $3.5 (per lot per side) commission Standard Account: 0.6 pips and $0.0 (per lot per side) commission average 1.15 Commissions +Minimum 1.6 pips – Typical 1.9 (Standard Account) Minimum 1.9 pips – Typical 1.9 (Micro Account)Minimum 0 pips – Typical 0 (AdvantageAccount)


Minimum from 0.0 and 0.59 average spread (Razor Account) Minimum from 0.6 and 1.19 average spread (Standard Account) from 0.0 – 1.8 (average 0.7 pips) Spread: 1.5 Raw Spread account: 0.0 pips spread and $3.5 (per lot per side) commission Standard Account: 0.6 pips spread and $0.0 (per lot per side) commission average 1.7 Commissions+Minimum 1.8 pips – Typical 2 (Standard Account)Minimum 2.2 pips – Typical 2 (Micro Account)Minimum 0.1 pips – Typical 0.2 (AdvantageAccount)

Apple Fees

0 + market Spread 0.13% Spread N/A Spread + Commission

Tesla Fees

0 + market Spread 0.13% Spread N/A Spread + Commission

Amazon Fees

0 + market Spread 0.13% Spread N/A Spread + Commission

S&P 500 Fees

min. 0.4 Spread 0.25 over market Spread N/A Spread + Commission

Options Fee


Mutal Fund Fees



N/A N/A 0.13% – 0.15% N/A N/A N/A

What are Low Spread or Zero Spread Brokers?

The Lowest Spread brokers offer the lowest Forex Spreads or zero spreads. Trading costs declined over recent years as forex brokers compete to win more clients. Many offer zero spreads as an extra enticement, but it is essential to know the terms and conditions before choosing a broker. Our guide covers everything you need to know, so read on. Read more on spreads.

The Lowest Spread for the EURUSD pair ranges from 0.1 – 0.9 pips with no commission charge. However, you should check all fees, including overnight, commissions, non-trading, deposit or withdrawal, and inactivity charges.

How to pick a Low-Spread Forex Broker?

Before you start trading, research your shortlisted brokers. While some forex brokers promise low dealing spreads, they might not be the best for your trading strategy.

You should watch out for these situations:

  • Be on the lookout for fixed spreads. This could mean that it is wider than average. The broker might also be trading against your positions as a market maker.
  • Make sure the broker is regulated by a top-tier regulator. This adds an extra level of confidence in the ethical business practices of your broker.
  • Make sure the minimum deposit isn’t too high.
  • Check the spreads on different currency pairs and account types. While some low s brokers advertise low costs, spreads can vary depending on currency pairs or account types.