Lowest spread forex brokers in 2023.
BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 500 criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 50,000 data points overall.
Check out the best brokers in another country.
Table of contents.
> 1. Intro and winners.
> 2. Comparison of the best lowest spread forex brokers in 2023.
> 3. Spreads and forex trading fees.
> 4. Non trading fees at the top low spread forex brokers.
> 5. Get the best brokers tailored to your needs.
> 6. How to choose the best low spread forex brokers.
> 7. Fusion Markets.
> 8. Saxo Bank.
> 9. IC Markets.
> 10. Capital.com.
> 11. Tickmill.
Top 5 brokers.
Fusion Markets.
74-89% of retail CFD accounts lose money.
IC Markets.
74.32% of retail CFD accounts lose money.
Capital.com.
87.41% of retail CFD accounts lose money.
76% of retail CFD accounts lose money.
Get your personalized toplist:
Best low spread forex brokers in 2023 Comparison of the best lowest spread forex brokers in 2023.
Best low spread forex brokers in 2023 Broker FX commission per lot Currency pairs Minimum deposit Credit/debit card deposit Fusion Markets $2.25 commission per lot per trade 85 $0 Yes Saxo Bank No commission is charged 190 $2,000 Yes IC Markets $3.50 commission per lot per trade 61 $200 Yes Capital.com No commission is charged 138 $20 Yes Tickmill $2.00 commission per lot per trade 62 $100 Yes.
Best low spread forex brokers in 2023 Spreads and forex trading fees.
How much you pay in fees for a trade is a crucial broker selection criteria. Finding the cheapest forex brokers and the lowest cost forex trading platforms hinges on a thorough analysis of trading fees. We collected the most important forex spreads in the table below.
Spreads at the best forex brokers in January 2023 Fusion Markets Saxo Bank IC Markets Capital.com Tickmill EURUSD spread 0.0 0.7 0.0 0.6 0.2 AUDUSD spread 0.0 0.6 0.0 0.6 0.1 GBPUSD spread 0.2 0.8 0.0 1.3 0.5 EURCHF spread 0.6 1.4 0.0 2.3 0.9 EURGBP spread 0.3 1.2 0.0 1.5 0.4.
We collect spreads regularly, please check the tooltip for the date of the data collection.
Best low spread forex brokers in 2023 Non trading fees at the top low spread forex brokers.
Non trading fees include charges not directly related to trading. The most common among these are deposit/withdrawal fees, the inactivity fee and the account maintenance fee.
Non trading fees Fusion Markets Saxo Bank IC Markets Capital.com Tickmill Account fee No No No No No Inactivity fee No Yes No No No Withdrawal fee $0 $0 $0 $0 $0.
Best low spread forex brokers in 2023 Get the best brokers tailored to your needs.
Get a personalized broker recommendation.
125,500 people already found a broker via this tool!
Your broker toplist will be selected based on your answers.
Where do you live?
Please select your country.
Top 5 brokers.
Fusion Markets.
74-89% of retail CFD accounts lose money.
IC Markets.
74.32% of retail CFD accounts lose money.
Capital.com.
87.41% of retail CFD accounts lose money.
76% of retail CFD accounts lose money.
Get your personalized toplist:
Best low spread forex brokers in 2023 How to choose the best low spread forex brokers.
Many brokers advertise themselves as 0 spread brokers, however, this can be misleading. While there are indeed many service providers out there whose minimum spread is 0 or close to 0, for the vast majority of the trades they charge higher spreads. The best way to ensure you trade forex at low costs is to check average spreads , because those reflect the true costs charged by the broker.
An excellent overall service level is required to make it to the BrokerChooser list of best brokers in any category. Low trading and non-trading fees were the key selection criteria when compiling the top list of the cheapest forex brokers. In addition, a wide range of currency pairs also weighed heavily in our methodology.
The global currency market is huge and highly liquid, meaning that there is a high number of buyers and sellers at all times. If you are a beginner, be careful with forex trading as forex products are complex and risky, therefore not suitable for everyone. You can easily lose all your invested money. If you are unsure how forex trading works, take a look at our forex education articles.
And now, let's see the cheapest forex trading platforms in 2023 one by one, starting with the winner, Fusion Markets.
#1 Best lowest spread forex brokers in 2022 Fusion Markets.
Fusion Markets is an Australian discount forex broker founded in 2010. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform.
Visit broker 74-89% of retail CFD accounts lose money.
Fusion Markets snapshot Minimum deposit $0 Mobile app score 3.8 stars Inactivity fee No Currency pairs 85 EUR/USD spread 0.0 Deposit methods Bank transfer, Credit/debit cards, Neteller, PerfectMoney, Jaton, PayPal, Mifinity Withdrawal methods Bank transfer, Credit/debit cards, Neteller, PerfectMoney, Jaton, PayPal, Mifinity Withdrawal fee $0 Read review For a detailed analysis of Fusion Markets services, check out our review for 2023.
#2 Best lowest spread forex brokers in 2022 Saxo Bank.
Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK's Financial Conduct Authority (FCA).
Saxo Bank is a global service provider and as such it operates a number of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Markets UK.
Being regulated by top-tier financial authorities, having a long track record and a banking background are all good signs for Saxo Bank's safety.
Recommended for investors and traders looking for a great trading platform and solid research.
Saxo Bank snapshot Minimum deposit $2,000 Mobile app score 5.0 stars Inactivity fee Yes Currency pairs 190 EUR/USD spread 0.7 Deposit methods Bank transfer, Credit/debit cards Withdrawal methods Bank transfer Withdrawal fee $0 Read review For a detailed analysis of Saxo Bank services, check out our review for 2023.
#3 Best lowest spread forex brokers in 2022 IC Markets.
IC Markets is an Australia-based global forex broker founded in 2007. The company has several branches and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Supervisory Authority (FSA) and the Australian Securities and Investments Commission (ASIC).
IC Markets is considered safe because it is regulated by the top-tier ASIC.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.32% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options.
Visit broker 74.32% of retail CFD accounts lose money.
IC Markets snapshot Minimum deposit $200 Mobile app score 3.8 stars Inactivity fee No Currency pairs 61 EUR/USD spread 0.0 Deposit methods Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, UnionPay, Bpay, FasaPay, POLI, Rapidpay, Klarna, Bitcoin wallet Withdrawal methods Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, UnionPay, Bpay, FasaPay, POLI, Rapidpay, Klarna, Bitcoin wallet Withdrawal fee $0 Read review For a detailed analysis of IC Markets services, check out our review for 2023.
#4 Best lowest spread forex brokers in 2022 Capital.com.
Capital.com is a global CFD broker founded in 2022. It has offices located in the United Kingdom, Cyprus, Australia, Seychelles and Gibraltar, where each is authorized and regulated locally by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority of Seychelles (FSA), respectively.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for investors and cfd traders looking for a great trading platform and excellent customer service.
Visit broker 87.41% of retail CFD accounts lose money.
Capital.com snapshot Minimum deposit $20 Mobile app score 4.9 stars Inactivity fee No Currency pairs 138 EUR/USD spread 0.6 Deposit methods Bank transfer, Credit/debit cards, Apple Pay, PayPal Withdrawal methods Bank transfer, Credit/debit cards, Apple Pay, PayPal Withdrawal fee $0 Read review For a detailed analysis of Capital.com services, check out our review for 2023.
#5 Best lowest spread forex brokers in 2022 Tickmill.
Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority (FCA) in the UK; and as such is considered a safe broker.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders looking for low fees who are familiar with the metatrader 4 platform.
Visit broker 76% of retail CFD accounts lose money.
Tickmill snapshot Minimum deposit $100 Mobile app score 3.8 stars Inactivity fee No Currency pairs 62 EUR/USD spread 0.2 Deposit methods Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal Withdrawal methods Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal Withdrawal fee $0 Read review For a detailed analysis of Tickmill services, check out our review for 2023.
Best low spread forex brokers in 2023 FAQ.
Is there a broker with 0 spreads?
There are some brokers where the difference between bid and ask prices start from 0 pips for the interbank quotes. However, these brokers typically charge a fixed commission per trade defined by the broker.
At brokers offering zero spread usually there are ECN or STP accounts. Make sure you go with a reliable broker that is well regulated. The chance of forex scam among non-regulated 0 spread brokers tends to be high.
What is the cheapest forex broker?
List of the best and cheapest forex brokers:
Fusion Markets - Low trading and non-trading fees. Fast and easy account opening. Great customer service. Saxo Bank - Great trading platform. Outstanding research. Broad product portfolio. IC Markets - Low forex fees. Easy and fast account opening. Free deposit and withdrawal. Offer standard accounts and raw spread accounts. Capital.com - Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support. Tickmill - Low forex fees. Fast and easy account opening. Free deposit and withdrawal.