Compare the best low spread forex brokers in 2023.
Low spread forex brokers offer a way to cut costs when trading currencies. This guide compares the best low spread forex brokers for 2023.
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he… read more.
Updated: Dec 13, 2022.
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68% of retail CFD accounts lose money.
This page helps you compare some of the best low spread forex brokers around. We explain what low spread brokers are, what to consider before choosing one, and compare the top ones around.
What are the best low spread forex brokers?
If you’re already familiar with low spread forex brokers then check out the table below. Our experts have selected the best brokers with the lowest spreads and you can sign up in just minutes. Alternatively, continue scrolling to learn more.
Min. Deposit.
User Score.
Take a position on major global indices, including US Wall St 30 and France 40.
Low spreads and accurate pricing reflecting the underlying market.
Comprehensive analysis and new for better decision making.
Payment Methods:
Bank Wire, Check, Credit Card.
Full Regulations:
CFTC, FCA, IIROC, MAS, NFA.
Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest.
Min. Deposit.
User Score.
World-class customer support in 18 languages.
Account opening is fast and fully digital.
Ultimate transparency with a trusted brand.
Payment Methods:
Bank Wire, Mastercard, PayPal, Visa, neteller, skrill.
Full Regulations:
CySEC, FCA, FSC.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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.
Min. Deposit.
User Score.
55+ currency pairs available.
Trade on a trusted platform.
24/7 support via live chats, email or phone call.
Payment Methods:
Bitcoin, Credit Card, Debit Card, Visa.
Full Regulations:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.
Top 4 best low spread fx brokers, reviewed.
1. Oanda. Best for trading with live market data.
Regulated forex broker in multiple Tier 1 jurisdictions 70+ forex pairs available to trade Offers individual and corporate services.
Limited service to US and UK-based clients.
We love Oanda because its user-friendly trading platform has been built for reliability and speed. Oanda is a CFD broker where you can trade over 70 forex markets, including majors and minors. The platform is suitable for all levels of experience, has powerful analysis tools and a wide selection of educational videos.
Oanda is an award-winning broker and integrates with both the Metatrader4 and TradingView platforms. That’s in addition to its fully customisable proprietary mobile and desktop app. Oanda has been operating for over 25 years and holds regulatory licences in the UK, Europe, Asia, and Australia.
The fees: Oanda does not charge any commissions on trading. It makes it money from the Bid/Ask spread which starts at 0.7 pips. Swap charges are applied for keeping positions open overnight and vary depending on size. There is also an admin fee for swap charges starting at 1%. A £10 fee is applied to accounts inactive for 12 months.
Disclaimer.
Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest.