Top 7 Best Forex Brokers with Low Commission in 2025

Commission is a fee charged by some brokers for every trade you make. It can quickly add up and eat into your profits. Use this guide to compare the best forex brokers with low commissions to help cut your trading costs. 

Best forex brokers with low commission overall for 2025

What are the best forex brokers with low commission?

If you’re ready to start trading right away you can use any of the forex brokers in the table below. They all have low commissions and some even charge zero fees. Simply click on any of the links to get started in minutes or continue scrolling to learn more.

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

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eToro review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Top 7 Best Forex Brokers with Low Commission in 2025

Min. Deposit n/a

Fees -

No. assets n/a

Demo account -

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Top 7 forex brokers with low commissions, reviewed

1. eToro. Best for beginners, copy-trading & demo-account

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4.5

Ratings

$100

Min. deposit

0% commission

Fees

3,600

No. assets

Yes

Demo account

Overview

We love eToro because it’s a crypto trading platform built with beginners and casual traders in mind. The platform combines an interactive, social trading experience with an easy-to-use interface, making it ideal for novice traders.

The far-reaching catalog of 100 cryptocurrencies includes big names like Bitcoin and Ethereum, as well as smaller crypto tokens with high growth potential. Some supported tokens can be seamlessly transferred to the eToro Money crypto wallet for safekeeping.

One feature we particularly appreciate is the ability to interact with eToro’s 35 million users on any asset, market, or portfolio page. If you find traders whose strategies match your risk tolerance, you can copy their portfolios automatically using eToro’s flagship copy trading functionality. eToro crypto’s Smart Portfolios offer a great entry point into digital currencies, an opportunity to learn and potentially benefit from the expertise of more experienced traders.

If you don’t feel comfortable investing your cash straight away, you can use a free demo account, credited with $100,000 virtual dollars. This offers plenty of opportunities to try out a trading strategy that works for you across the 100 crypto tokens available.

Highlights

No. of tradable assets	3600+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Index CFDs, Commodity CFDs, NFTs, Crypto
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC, FinCEN

Fees & Costs

Trading fees	Yes, on certain assets
Inactivity fees	Yes
Rollover/overnight fees	Yes, on CFDs
Withdrawal fees	Yes
Spreads	Yes, on certain assets
Conversion fees	Yes, for non-USD currencies

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Read review Visit eToro

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is a low commission forex broker?

It’s exactly what it sounds like, a forex broker that charges minimal fees on trades, typically through a reduced commission per lot. Instead of making money from wide spreads, the best low commission forex brokers charge a small, transparent fee per trade. This fee is usually on a per lot basis. 

How does a low commission forex broker work?

Forex brokers act as a ‘middleman’ between a trader and the exchange. Traditionally, traders would use a telephone to contact their broker who would place a trade on their behalf. As technology has evolved, online trading platforms have streamlined this process allowing for instant access to financial markets. 

Low commission forex brokers offer trading platforms to their clients. Traders can use these platforms to analyse market information while studying price charts. With the click of a button a user can place a trade that is electronically routed to the exchange and matched with another order. Lots of forex brokers do not charge commissions and make their profits through spreads. 

What is commission per lot in forex?

It is the fee a broker charges for executing trades in units of one standard lot, which equals 100,000 units of base currency. The commission charged varies from broker to broker but typically ranges from $3 to $7 per lot, per side. This means you’ll pay this amount for both opening and closing a trade. Here’s an example:

If a broker charges $7 commission per lot, you will pay $8 when you open a trade, and another $7 when you close a trade, for a total of $14 round-trip. 

How is commission calculated in forex?

As just mentioned, commissions are charged per lot traded. If your broker charges a $6 commission per lot and you trade 2 lots, the total commission will be $12 (2 lots x $6). Here’s a formula you can use to calculate commissions easily:

Commission per lot x number of lots traded = total commission for one side. (x2 for round trip). 

What are the types of forex commission?

Generally, forex commission is a charge added onto a trade determined by the broker. But, forex commission can come in various forms, many of which we’ve explained below: 

• Spread commission. Spread is not technically a commission but is charged indirectly through the difference between the bid and ask price. There is no explicit fee, but you’ll pay for a trade by dealing at a price worse than the market midpoint. Forex brokers who charge spread commissions don’t usually have additional trading fees. 
• Fixed commission. This is the most typical type of commission. It is a set fee per trade or lot, regardless of volume or market conditions. This type of commission offers transparency and predictable trading costs. 
• Percentage commission. A percentage commission is less common by is used by some brokers, particularly for large accounts. As its name suggests, the commission is calculated as a percentage of the total trade size. 
• Volume-based commission. Lots of brokers use volume-based commissions. These are fixed commissions that decrease as trading volume increases. In practice, this means is the more you trade, the less commission you will pay. 
• Account type commissions. Some forex brokers will offer lower commission rates depending on the type of account you go with. Usually, VIP or premium accounts offer lower commissions compared to standard accounts, although require larger deposits. 

How should I choose a low commission forex broker?

When it comes to choosing a forex broker there are a lot of things to consider. Firstly you’ll want to find a broker that is not only reliable, but offers a good selection of currency pairs, and has low fees. Below we’ve included a few features you should consider prior to choosing a low commission forex broker. 

• Low fees. It goes without saying that when searching for a low commission forex broker you’ll want to check their fee structure before registering an account. Its not just commission you should look at, but spreads too. 

• Reliability. When trading forex a reliable broker with a reliable platform is key. Forex is a fast moving market so you’ll want to make sure the platform you use is able to withstand lots of activity. You can check customer reviews to learn more. 
• Range of pairs. Most forex brokers will at least offer the majors and minors. Some will also include exotic pairs and trading exotics can be useful especially when the better known pairs are quiet. 

• Spreads. Spread is the difference between the buy and sell price of any FX pair and is determined by the broker. To save costs you’ll want to find a broker that has low spreads so your trades won’t cost as much

• Platforms. Brokers will either have their own custom-built platform or will use the services of other platforms. You want to find a platform that you’re comfortable using. The most popular FX platforms with retail traders are MT4 and TradingView. 
• Technical tools. If you plan on trading forex intraday or for the short term then you’ll most likely be conducting technical analysis. Brokers who have lots of technical tools like indicators can make this process easier for you. 

• Payment fees. Some forex brokers charge fees for depositing or withdrawing money. These fees can quickly eat into your profits so make sure that you check out the fee schedule before registering an account. 

• Security. The best brokers offer additional security features such as two factor authentication. This gives you a one time passcode each time you log into your account keeping it safe from being compromised.

Should I use a low commission forex broker?

If you want to trade forex then yes you should use a low commission forex broker. In fact, using a forex broker is the only option you have if you plan to trade currencies .Low commission brokers can drastically reduce your overall trading costs which could improve your profits. 

What are the risks of using a low commission forex broker?

Forex trading comes with some risks although using a low commission forex broker is generally considered to be safe. You should always remember that you can lose all of your money trading forex. Below we’ve summarised a few of the benefits and risks of using a low commission forex broker.

What are the fees for using a forex broker with low commission?

When trading forex you will usually encounter three main costs: spreads, commissions, and swaps/rollover. Spread is the difference between the buy and sell price of any currency pair. This is how forex brokers make their money. Spreads are usually variable which means that they fluctuate depending on market volatility at any given time. 

Commission is a fee that forex brokers charge for making each trade or transaction. Not all brokers charge a commission. Commission is usually a percentage of each trade. Swaps or rollovers are only applicable if you hold a forex trade overnight, so for day traders this is something that does not apply.

Quick answers to key questions

Is low commission the same as zero spread?

No, there is a difference between spread and commission. When a broker charges minimal fees per trade, that is referred to as low commission. When a broker has no difference between the bid and ask price, that is referred to as zero spread. However, a zero spread account will charge higher commissions to trade. 

What is the difference between commission and spread-only pricing models?

When trading using a commission based model you will pay a fixed fee per lot traded and spreads, although these will be much tighter. When trading using a spread only model there are no fixed commissions, but spreads are typically wider, which means you indirectly pay more when opening and closing trades. 

How can I reduce commission costs when trading forex?

There are a few different ways you can reduce commission costs when trading forex, some of which have been explained below:

• Use a high volume broker. Lots of forex brokers will reduce the amount of commission you need to pay if you trade more. If you’re an active trader then looking around for brokers that offer this feature is a surefire way to reduce commissions. 
• Open a premium or VIP account. You can use a broker that offers VIP or premium accounts. Usually, these types of accounts have benefits such as reduced commissions. But you’ll be required to meet certain trade requirements or even minimum deposit requirements. 
• Trade less frequently. The easiest way to pay less commission is to not trade as much. One way to do this is to reduce the number of trades you take but increase the size. You should be careful using this method and only apply it if you’re comfortable with larger risks. 
• Look for volume based discounts. As mentioned above, some brokers reduce commissions the more you trade. So shop around and find a broker that offers volume based discounts on your forex trades. 

Is low commission good for scalping?

One of the best types of accounts for scalping is a low commission one. This is because scalping involves placing many small trades and commission costs can quickly add up. A broker with low per-lot commission and tight spreads is the ideal option for scalpers. 

Methodology: How did we choose the best forex brokers with low commissions?

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We periodically test more than 63 forex trading platforms to provide our users with clear, accessible guidance on the investing options available. All testing is carried out by our panel of forex experts, analysts, and active traders who sign up to each broker, conduct research, and score each service.

Our tests are designed to find foreign exchange platforms that offer a beginner-friendly, secure trading experience with a low commission. To supplement our practical testing and experience, we research each service to gather any further relevant information. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

Each low commission forex broker is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with individual brokers to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.

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