Best Lowest Spread Forex Brokers of 2025
A low spread is defined as a small difference between the ask and bid prices of a currency pair, signifying minimal volatility and high liquidity. A low spread is crucial because it supplements efficiency, brings better liquidity, accelerates execution, and minimizes trading costs. The article focuses on the best low spread forex brokers, the reason for choosing them, their key features, and their advantages and disadvantages. Please read on!
- List of 10 Best Low Spread Forex Brokers
- What Things to Consider Before Choosing a Low Spread Forex Broker?
- Methodology to Choose the Best Low Spread Forex Broker
- Best Lowest Spread Forex Brokers of 2025
- List of 10 Best Low Spread Forex Brokers
- Tickmill
- FBS
- FXGT
- ThinkMarkets
- BDSwiss
- Pepperstone
- IC Markets
- FXTM
- XM
- FXRoad
- Comparison of Best Forex Broker with Lowest Spread
- Why Choose a Low Spread Forex Trading Broker?
- How to Choose the Best Zero Spread Brokers in Forex?
- Our Methodology
- Conclusion
- FAQs
List of 10 Best Low Spread Forex Brokers:
Tickmill
Currency Pairs
$70+
Minimum Deposit
$100
Maximum Leverage
1:1000
Founded in 2014, Tickmill is a rapidly flourishing forex trading broker based in the Seychelles. With its quick execution speed, numerous supporting tools, and aggressive prices, Tickmill is ideal for competitive pricing with high-volume and high-frequency trading. Forex traders looking for precise trade executions will have their needs met. Although newcomers benefit from Tickmill’s extensive educational materials, there is a learning curve when using modern tools and trading platforms.
Tickmill’s solid financial results and sustained growth have made it a trusted market leader, and this is what sets it apart from its competitors. Known for its low spread brokers, Tickmill stands out with its robust regulatory framework, competitive spreads and commissions, ECN/NDD execution, numerous product offerings, and negative balance protection. Tickmill is the best option for traders who are captivated by algorithmic trading.
- Offers algorithmic trading platform, including MT4, MT5, or MT4 WebTrader, and Tickmill Trader
- The spread between EUR and USD is 0.1 pips, with a minimum order of 0.01 lot
- Secured face recognition,
- A custom-made asset watchlist,
- Improved access to live and demo accounts,
- Hassle-free pinch-to-zoom features on various charts.
| PROS | CONS |
|---|---|
| Quite low forex fees | Absence of a proprietary platform |
| Swift and hassle-free account opening procedures | The selection of major currency pairs is relatively limited |
| Free deposits and withdrawals | |
| The presence of multiple top-tier regulations | |
| Best choice of financial instruments |
FBS
Currency Pairs
$50+
Minimum Deposit
Depends on payment method chosen
Maximum Leverage
1:3000
Since its inception more than 15 years ago, FBS has been one of the forex trading brokers with low spreads. Three global regulators govern FBS, ensuring it provides negative balance protection and isolates clients’ funds in separate accounts. FBS is ideal for novices due to its comprehensive training tool, which includes exclusive courses, tutorials, and webinars.
FBS is one of the low or zero spread forex brokers, providing a high-leverage environment with various accounts and trading instruments. Its intense oversight of regulations, extensive educational support, and customer-friendly platform make it the best forex broker for beginners and advanced traders.
- Provides an extensive variety of trading platforms, including the prominent MetaTrader 4 and 5,
- Provides a mobile trading app, permitting clients to access their accounts and make trades,
- Provides support for numerous major currency pairs, and
- Satisfactory security measures.
| PROS | CONS |
|---|---|
| No charges for withdrawal or inactivity | Lack of a proprietary platform |
Availability of strong research content and live webinars | Wide spreads on indices and CFDs |
| More than 200 deposit and withdrawal options | |
| More than 15 years of successful business experience | |
| Reliable customer service |
FXGT
Currency Pairs
$50+
Minimum Deposit
$5
Maximum Leverage
1:1000
Established in 2019, FXGT is a global online trading platform that caters to a wide range of audiences and is well-known for its powerful protection and security features. Beginner traders find its user-friendly interface hassle-free and quite easy to navigate. FXGT.com won the 2024 BrokersView Award and is multi-regulated. It is mobile-compatible and has clients from over 100 nations.
FXGT is PCI DSS-certified, ensuring the highest level of fund safety. Its approach includes safe access controls and network settings, encrypted data transfers, and final compilation validations. These put FXGT one step ahead of its competitors. It is dependable and it is more appealing to the African market.
- Advanced automated trading platform that is more user-friendly,
- Market search tools and informative resources,
- Improved economic calendar notifying upcoming events that impact financial markets,
- The multiple account options feature caters to expansive trending needs.
| PROS | CONS |
|---|---|
| Extensive trading instruments with automated trading capabilities | Lack of US clients |
| Multiple account types | Regulations and entities create variable conditions |
| 24*7 customer support | Higher average fees |
| Frequent offers and bonus programs | |
| Availability of partnership program |
ThinkMarkets
Currency Pairs
$80+
Minimum Deposit
$0
Maximum Leverage
1:500
Launched in 2010 and headquartered in Australia, ThinkMarkets is rightly licensed by leading regulatory boards, thereby reputed for its authentication. This is an award-winning broker firm with widespread offices across continents. ThinkMarkets is the best option if you are seeking an STP Forex trading broker, known for tight spreads. It caters to various active traders ranging from beginners to those with greater trading experience in forex.
ThinkMarkets’ award-winning ThinkTrader trading app, finds it more appealing to choose from. A ThinkZero account boasts features like strict regulations, and low spreads, and offers ECN-style pricing and trading conditions. Novices prefer this option due to its simple operation and lack of additional commission fees.
- Trading tools have over 125 indicators, numerous chart types, and 50 drawing tools
- TreadRisk Scanner assists in finding excellent trading opportunities in various timeframes
- Possibility to close more than one order in a single click
- Supports simultaneous multiple logins
- Despite being offline, it is possible to send 200 cloud-based alerts to tablets, PCs, and mobile devices
| PROS | CONS |
|---|---|
| Considerably lower spreads | Lack of cent accounts |
| No minimum deposits | Occurrence of slow trading terminals |
| Availability of social trading | |
| in nations with higher control over forex trading activities | |
| Use of Zuly Trade, a social trading platform to imitate trades of successful traders. |
BDSwiss
Currency Pairs
$50+
Minimum Deposit
$10
Maximum Leverage
1:2000
BDSwiss was founded in 2012 and has since become a trusted forex trading broker with over 1.6 million satisfied clients from more than 180 nations. BDSwiss has received several prestigious awards, including the Best Global Partnership Programme and the Best Forex Research & Execution. Beginners and professional traders looking for reliable research tools are the intended users.
The hassle-free usage of this platform, its undeterred support, and its vast extent of trading options make it a beneficial choice for both professional traders and beginners. Its low deposits, transparent pricing, and thoughtful learning content make it more user-friendly and reachable to all forex trade lovers.
- Availability of a plethora of tradable instruments
- Reliable trading platforms for those preferring excellent research tools
- Extensive educational tools are exclusively for those with less trading experience
- Web Trader features AI-powered trends
- Provides quality 24*5 customer support
| PROS | CONS |
|---|---|
| Supports four types of accounts | Scalping isn’t permitted |
| Availability of demo account | Beginner’s educational content lacks a progress-tracking feature |
| Premium version of trend analysis with 500 trend patterns for VIP traders | |
| Availability of BDSwiss Mobile and WebTrader apps | |
| Provides proprietary and auto-chartist trend analysis |
Pepperstone
Currency Pairs
$80+
Minimum Deposit
$0
Maximum Leverage
1:500
Headquartered in Melbourne, Australia, Pepperstone came into existence in 2010. It is fully regulated and allows you to trade CFDs on over 1200 different indices, FX, stocks, commodities, and cryptocurrencies. Pepperstone caters to both beginners and advanced traders. Pepperstone’s impressive third-party integrations with trading platforms, combined with competitive pricing and top-quality research initiatives, cater to expert traders seeking to implement advanced trading strategies into their trade forex activities.
Pepperstone’s regulation has won enormous trust. Pepperstone’s minimal broker fees, exceptional customer support, high-quality education and research materials, and exceptional selection of tradable instruments make it an excellent choice for traders who are passionate about trading. Pepperstone’s comfortable trading app gives its users a never-miss chance to choose it.
- The alert mechanism updates traders when an instrument attains a threshold.
- The Watchlists feature lets traders create a list of their favorite instruments and track the status of live quotes in the market watch panel.
- The one-click feature lets traders execute orders with just a click and no need for secondary confirmation.
- MT4 bestows ease of trading directly on the chart.
| PROS | CONS |
|---|---|
| Swift and hassle-free account opening steps that are fully digitized | Very basic MetaTrader platform |
| Extensive platforms to select from | Quite a slow live chat facility |
| Ideal transactions with free deposits and withdrawal | Industry leaders lag behind certain standard account spreads |
| Astounding educational materials | |
| Expert traders are available on webinars |
IC Markets
Currency Pairs
$60+
Minimum Deposit
$200
Maximum Leverage
1:500
IC Markets, a 2007-founded forex broker, boasts a gross trust score of 84 over 99. Mobile apps exist for all four platforms, making IC Markets a versatile one. Beginners may find IC markets outdated, but seasoned traders greatly appreciate its prominent features. It applies to algorithmic traders using MT4, MT5, or cTrader platforms.
The platform significantly enhances knowledge through its progress tracking and quiz features. Moreover, the option to filter content based on the level of experience prompts traders to choose IC Markets. The fact that it is regulated is a compelling reason to choose IC Markets.
- Very impressive currency pair selection
- Supports transactions based on debit/credit cards as well
- A fully digital mode of trading
- Updated and efficient mobile app availability
- Possibility to set price alerts
| PROS | CONS |
|---|---|
| Considerably fewer forex fees | Customer chat speed is slow |
| Quick and hassle-free account opening procedures | Limited range of product selection |
| Free deposits and withdrawals | Investor protection is not available for non-EU clients |
| Provides raw and standard spread accounts | |
| Progressively longer track record |
FXTM
Currency Pairs
$60+
Minimum Deposit
$10
Maximum Leverage
1:2000
With over one million clients spread across 150 countries, FXTM proudly holds more than 45 awards. Since its inception a decade ago, FXTM has been regulated by the FCA, CySEC, and the FSC. The forex traders target both novice and experienced traders. The training modules help the novice to a greater extent.
FXTM prioritizes three characteristics: trust, access, and value, which serve as the rationale for choosing it. FXTM’s pledge to be truthful and honest gains credibility as it is legally licensed and regulated. There is no cost to receive a globally standardized education. The brokers here value collective growth and encourage others to work with them.
- Forex trading broker that is thoroughly regulated and trusted, as proven by live trading.
- MetaTrader 4 supports mobile trading.
- The user-friendly navigation of pages and tabs makes operations easier.
- Availability of an excellent search function
- Appreciable customizable options for charts and workspace
| PROS | CONS |
|---|---|
| Low CFD and Forex fees | Inactivity and withdrawal fees cost a significant amount. |
| The account opening procedure is swift and digitized | The product range is limited |
| Remarkable customer service | Doesn’t possess a banking license |
| Regulated by renowned and genuine FCA | |
| Supports debit/credit card options |
XM
Currency Pairs
$50+
Minimum Deposit
$5
Maximum Leverage
1:1000
Launched in 2009, the XM has so far serviced beyond 10 million satisfied clients, accomplishing over 2.4 billion successful trades in the forex market. Top-tier regulators, with an overall trust score of 88 to 99, regulate the XM. It received the Best in Class award in a variety of categories. The brokers welcome both beginners and experienced traders, as their values accommodate every forex trader and their trading passion.
XM’s low trading fees for CFDs, along with no withdrawal fee, attract traders. XM offers the option to select a swap-free account type, which allows traders to trade overnight without incurring any interest, regardless of whether they are holding a micro or standard account.
- Fully digitized
- Customer service is multilingual
- Low stock CFD and withdrawal fees
- Provides excellent research educational content that includes everyday videos, organized articles, and podcasts
- Vast selection of educational content for beginners
| PROS | CONS |
|---|---|
| An extensive selection of financial markets and instruments, | Limited product portfolio |
| Availability of a demo account to have a hands-on before actually trading, | Not listed on the stock exchange |
| 24*7 customer service through email, voice call, and email, | Lacks two-factor authentication |
| Offers familiar platforms like MT4, MT5, along with its own APP, | |
| Facilitates transactions using credit and debit cards. |
FXRoad
Currency Pairs
$10+
Minimum Deposit
EUR 250
Maximum Leverage
1:200
Established in Barcelona in 2000, FXRoad brings transparency, knowledge, and reliability to online forex trading. The FSA fully regulates it as a zero-spread forex broker, offering excellent educational resources such as webinars and trading tutorials. Both beginners and seasoned forex traders can explore its exciting trading options to their satisfaction.
FXRoad offers a diverse choice of trading accounts, competitive spreads in its spread-only pricing model, cutting-edge training tools, and an incredibly transparent pricing policy. These serve to guarantee that brokers have made the appropriate decision on FXRoad. Frequent bonuses, promotional offers, and incentives are better reasons to choose these brokers.
- Virtual account for simulated trading to help newbies
- Accessing the trading platform through a web browser
- Updated market news and market analysis
- Encrypted using SSL safety protocol
| PROS | CONS |
|---|---|
| 24*7 multilingual customer support through live chat, email, and phone call | Certain account types have higher spreads |
| Accepts payments through credit/debit cards | Limited cryptocurrency options |
| Security on financial and personal information using 2FA | |
| Provides competitive spreads, which reduce trading costs |
Comparison of Best Forex Broker with Lowest Spread
| Forex Brokers | MT4 | MT5 | Average Spread EUR/USD | Withdrawal Charges |
|---|---|---|---|---|
| Tickmill | ✔ | ✔ | 0 | $0 |
| FBS | ✔ | ✔ | 0 | $0 |
| FXGT | ✔ | ✔ | 0 | $0 |
| ThinkMarkets | ✔ | ✔ | 0 | $0 |
| BDSwiss | ✔ | ✔ | 0.01 | $0 |
| Pepperstone | ✔ | ✔ | 0.1 | $0 |
| IC Markets | ✔ | ✔ | 0.1 | $0 |
| FXTM | ✔ | ✔ | 0.1 | $0 |
| XM | ✔ | ✖ | 0.6 | $5 |
| FXRoad | ✔ | ✖ | 0.6 | $0 |
Why Choose a Low Spread Forex Trading Broker?
Choosing a low-spread broker minimizes your transaction costs, provides better risk management, enhances trade execution, upholds uniform profitability, lowers risks of slippage, develops trust and confidence, and bestows greater trading strategies.
Below are a few things to consider while selecting a low spread broker:
- Ensure that the broker is regulated by a legitimate financial authority,
- Look for zero spread forex brokers and assess the broker’s overall trading conditions
- Analyze the quality of trading platforms the broker provides,
- Check for banking flexibility and local currency options.
How to Choose the Best Zero Spread Brokers in Forex?
There are several key factors that should be considered when selecting a low-spread Forex broker.
Spread
Be aware of the various spreads, viz., fixed or variable. Verify whether the provided trading account is ECN or STP. Approach the broker for details on their average spread at various market conditions. Make a comparison of the major currency pairs, like EUR USD, GBP USD, and USD JPY.
Broker’s Reputation
Select brokers who have a reputation for competitive pricing. Ensure the broker with zero spread is transparent. Examine the broker’s reviews and reputation from forum feedback to determine his trustworthiness.
Trading Platform & Tools
Evaluate if the advanced trading platforms provide swift execution with minimal slippage, specifically at times of high market volatility.
Available Currency Pairs
Analyze spreads for exotic and minor currency pairs. In general, major pairs have the smallest spreads, whereas minor and exotic pairs have greater spreads. The latter is due to a reduction in liquidity.
Minimum Deposits
Forex brokers who need minimum deposits are widely preferred. Due to leverage, the purchasing power is significantly more than the minimal deposit amount. This is one of the reasons that new traders and investors are drawn to forex trading.
Additional Fees
Check for trading costs or broker fees and commissions. To calculate the total trading costs, observe whether brokers offer higher spreads with low commissions or lower spreads with high commissions.
Our Methodology
Our methodology for selecting these brokers is detailed below:
- Broker’s Trading Features: Before choosing a broker, trading hours, spread and commission rates, customer service, platform and tools, risk management, execution speed, and slippage are considered.
- Security Measures: Brokers are analyzed for security measures used, including two-factor authentication, strong passwords, and biometric security features like fingerprint recognition, face recognition, or retina identification.
- Platform Usability: To make it easier to initiate and exit trades, the broker’s platform and software must provide both fundamental and technical analytical tools.
- Fee Structure: The withdrawal and deposit funding policies particular to the broker are important. All of these deposits and withdrawals incur broker-specific transaction fees. The cost structure is also considered while selecting a broker.
- Deposit and Withdrawal Options: The mode of payment varies from broker to broker. Brokers may allow account holders to make deposits online using credit cards, PayPal, ACH payments, bank cheques/personal cheques/business cheques, and wire transfers. In general, withdrawals are accomplished via check or wire transfer.
Conclusion
FAQs
What is a zero spread forex broker?
A zero spread forex broker trades forex with spreads of zero pips. A pip is the smallest variation between the bid and ask prices. A zero spread broker eliminates the ask-bid difference from forex trading accounts.
Can I trust the lowest spread forex trading brokers?
Of course, zero-spread brokers can be just as trustworthy as any other legitimate broker. These low-spread trading accounts offer varying competitive pricing that aligns perfectly with your personalized trading strategy. A regulatory oversight authority is instrumental in assuring trust in the brokers with his positive remarks.
Is there a broker with 0 spreads?
A zero spread broker does exist, offering 0 spreads; however, there are only a few that offer an average spread close to zero pip spreads on the EUR-USD scale. However, it is achievable under particular conditions and on specific accounts, known as zero-spread accounts. ECN or STP accounts often have zero spreads.
What is the difference between fixed and variable spreads?
In accordance with its name, fixed spreads stay constant irrespective of the fluctuations in the market’s trading costs, while variable spreads keep fluctuating constantly between the ask and bid prices. Alternatively, the spread keeps changing owing to fluctuations in trading costs, like supply, demand, and trading as a whole.
Does MT4 have Zero Spread?
As a trading platform, MT4 does not allow zero-spread accounts but does make it easier to trade instruments. The spread is determined by the broker’s pricing method, rather than the trading platform.
How do spreads impact profitability?
When spreads are wider, opening and closing positions turn expensive. Tighter spreads benefit scalpers, as they aim to earn several pips per trade. But wider spreads cost them more.