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Lowest spread forex brokers

Compare forex brokers by all-in EUR/USD cost, the typical spread plus the round-turn commission on the same account, lowest first.

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Best brokers

  1. Overall score
    4.3/5
    70% of retail CFD accounts lose money.
  2. Overall score
    4.6/5
    80% of retail CFD accounts lose money.
  3. Overall score
    4.5/5
    77% of retail CFD accounts lose money.
  4. Overall score
    4/5
    86% of retail CFD accounts lose money.

Lowest spread forex brokers

  1. AvaTrade4.3/5
  2. XM4.6/5
  3. XTB4.5/5
  4. Finansero4/5
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BrokerAvaTradeXMXTBFinansero
Rating4.3/54.6/54.5/54/5
Min. deposit$100$5$0$200
RegulationASIC in Australia, FSA in JapanCySEC in CyprusFCA in the UK, CySEC in CyprusCySEC in Cyprus
MarketsBonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Share CFDsCFDs, Commodities, Cryptocurrencies, Forex, Indices, Metals, SharesBonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, SharesCFDs, Commodities, Cryptocurrencies, ETFs, Forex, Futures, Indices, Metals, Share CFDs
PlatformsMetaTrader 4, MetaTrader 5, Web platform, Proprietary platformMetaTrader 4, MetaTrader 5, Mobile apps, Web platformWeb-based platforms, xStation 5, Web platform, Proprietary platformMobile apps, Proprietary platforms, WebTrader, Web platform, Proprietary platform
Account typesStandard account, Demo account, Islamic account, VIP accountStandard account, Demo account, Islamic account, VIP accountStandard account, Demo account, Islamic account, VIP accountStandard account, Demo account
Open an accountVisit AvaTrade70% of retail CFD accounts lose money.Visit XM80% of retail CFD accounts lose money.Visit XTB77% of retail CFD accounts lose money.Visit Finansero86% of retail CFD accounts lose money.

#1 AvaTrade

AvaTrade was founded in 2006 and has grown into a global broker. The unified account and fee structure as well as the wide range of learning materials make AvaTrade ideal for beginners. Cryptotraders are also in good hands with AvaTrade due to 24/7 trading. However, since AvaTrade does not offer an ECN or STP account and the selection is somewhat limited when it comes to 700 trading instruments, advanced traders should rather prefer other brokers.

All in all, our AvaTrade experience was rather positive.

Visit AvaTrade70% of retail CFD accounts lose money.
AvaTrade at a glance
Overall score
4.3/5
Min. deposit
$100
Regulation
ASIC in Australia, FSA in Japan
Markets
Bonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Share CFDs
Platforms
MetaTrader 4, MetaTrader 5, Web platform, Proprietary platform
Account types
Standard account, Demo account, Islamic account, VIP account
Read our AvaTrade review

#2 XM

XM stands among the world’s leading multi-asset brokers, trusted by over 15 million clients across nearly 200 countries. Operating under multiple regulators including CySEC, DFSA, FSC (Mauritius & Belize), FSCA, and FSA (Seychelles), the broker upholds global standards of transparency, security, and fair trading.

Clients can trade more than 1,400 instruments across forex, stocks, indices, commodities, precious metals, cryptos, and new categories such as Turbo Stocks and Thematic Indices. The unified XM App and MetaTrader 4/5 platforms deliver TradingView charts, XM AI insights, and instant 24/7 withdrawals, giving traders a fully connected experience from analysis to execution.

With spreads from 0.8 pips, leverage up to 1:1000, and execution speeds under one second, XM offers institutional-grade performance backed by negative balance protection and segregated Tier-1 bank accounts. Comprehensive multilingual education, XM Traders Club rewards, and round-the-clock support make XM a dependable, innovation-driven choice for traders worldwide.

Visit XM80% of retail CFD accounts lose money.
XM at a glance
Overall score
4.6/5
Min. deposit
$5
Regulation
CySEC in Cyprus
Markets
CFDs, Commodities, Cryptocurrencies, Forex, Indices, Metals, Shares
Platforms
MetaTrader 4, MetaTrader 5, Mobile apps, Web platform
Account types
Standard account, Demo account, Islamic account, VIP account
Read our XM review

#3 XTB

According to our XTB experience, there are significantly more advantages than disadvantages that speak in favor of XTB. XTB is a reputable, regulated, publicly listed, and established broker that has been enabling CFD and Forex trading for traders from many different countries since 2002. For most traders, especially advanced traders, XTB is a good choice. Unfortunately, due to the high minimum fees for stocks, XTB may not be the right fit for every trader. Smaller accounts, in particular, might be better off with other brokers (if the focus is on stock trading).

Visit XTB77% of retail CFD accounts lose money.
XTB at a glance
Overall score
4.5/5
Min. deposit
$0
Regulation
FCA in the UK, CySEC in Cyprus
Markets
Bonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Shares
Platforms
Web-based platforms, xStation 5, Web platform, Proprietary platform
Account types
Standard account, Demo account, Islamic account, VIP account
Read our XTB review
Compare the top three side by side

AvaTrade, XM, XTB

Compare brokers

#4 Finansero

Finansero is a fully regulated, multi-asset CFD broker operated by Global Trade CIF Ltd under CySEC licence 190/13, with EU passporting rights across Italy, Poland, Sweden, France, Germany, Norway and other Member States. The broker offers over 300 trading instruments spanning Forex, Indices, Commodities, Shares, ETFs, Cryptocurrencies, and unique Synthetic Derivatives, all accessible through the proprietary XCITE platform on web and mobile. With a €200 minimum deposit, a spread-only pricing model (EUR/USD from 1.2 pips, zero commissions), and a twelve-level equity-based account system offering up to 70% discounts for higher-equity traders, Finansero balances accessibility for beginners with meaningful rewards for experienced clients.

Regulatory compliance is central to Finansero’s operation — retail clients benefit from negative balance protection, ESMA-mandated leverage caps (up to 1:30 for Forex majors), and margin close-out at 50% as required under EU law, while qualified traders can access professional client status for leverage up to 1:200 on Forex. The XCITE platform stands out for its integrated Autochartist tool (available to all clients at no charge), real-time Trading Insider sentiment data, a comprehensive Economic Calendar, and customizable price alerts across all instruments. With multiple deposit methods including cards, e-wallets, and bank transfers, one-business-day withdrawal processing, and support provided in six European languages, Finansero delivers a complete, regulated trading environment for European CFD traders.

Visit Finansero86% of retail CFD accounts lose money.
Finansero at a glance
Overall score
4/5
Min. deposit
$200
Regulation
CySEC in Cyprus
Markets
CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Futures, Indices, Metals, Share CFDs
Platforms
Mobile apps, Proprietary platforms, WebTrader, Web platform, Proprietary platform
Account types
Standard account, Demo account
Read our Finansero review
Written byFlorian Fendt