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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| Broker | ||||
|---|---|---|---|---|
| Rating | 4.3/5 | 4.6/5 | 4.5/5 | 4/5 |
| Min. deposit | $100 | $5 | $0 | $200 |
| Regulation | ASIC in Australia, FSA in Japan | CySEC in Cyprus | FCA in the UK, CySEC in Cyprus | CySEC in Cyprus |
| Markets | Bonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Share CFDs | CFDs, Commodities, Cryptocurrencies, Forex, Indices, Metals, Shares | Bonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Shares | CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Futures, Indices, Metals, Share CFDs |
| Platforms | MetaTrader 4, MetaTrader 5, Web platform, Proprietary platform | MetaTrader 4, MetaTrader 5, Mobile apps, Web platform | Web-based platforms, xStation 5, Web platform, Proprietary platform | Mobile apps, Proprietary platforms, WebTrader, Web platform, Proprietary platform |
| Account types | Standard account, Demo account, Islamic account, VIP account | Standard account, Demo account, Islamic account, VIP account | Standard account, Demo account, Islamic account, VIP account | Standard account, Demo account |
| Open an account | Visit 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.
- 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
#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.
- 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
#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).
- 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
AvaTrade, XM, XTB

#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.
- 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