Top 4 Best Low Spread Forex Brokers in 2025

Trade your favourite markets with our top-rated broker, eToro.

eToro 4.6/5

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

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

This page helps you compare some of the best low and zero spread forex brokers around. We explain what low spread brokers are, what to consider before choosing one, and compare the top ones around. 

Best low spread forex brokers overall for 2025

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.

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

Visit site

eToro review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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.

4.5

Plus500

Min. Deposit $100

Fees From 2%

No. assets 2800+

Demo account Yes

Visit site

Plus500 review

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Best low spread forex brokers

Min. Deposit n/a

Fees -

No. assets n/a

Demo account -

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Top 4 best low spread fx brokers, reviewed

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

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4.5

Ratings

$100

Min. deposit

From 1 pip

Fees

3,600

No. assets

Yes

Demo account

Overview

We love eToro because it’s an easy place to trade the currency markets. Forex can be intimidating, but eToro strips back the complexity to give you a platform where you can trade 50+ currencies at competitive prices and with up to 30x leverage*.

*CFDs trading is restricted for US users.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see how all the major and minor forex pairs are performing every day, track how investors feel about every one of those currencies, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: eToro charges a fee on currency trades through the spread. Spreads are variable depending on the currency and start from 1 pip for EUR/USD trades, 1.5 pips for EUR/GBP, and 2 pips for GBP/USD. Overnight and weekend fees apply.

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

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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.

2. Plus500. Best for international trading*

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4.5

Ratings

$100

Min. deposit

From 0.08%

Fees

2,800

No. assets

Yes

Demo account

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you trade. Its technology driven platform gives access to forex futures for over 10 symbols. 

Plus500 has something for all types of forex traders, no matter what level of experience. Its low margin requirements (starting at $40) and different contracts make it a top choice for day traders. At the same time, its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: Plus500 charges a commission of $0.49 per Micro contract and $0.89 per Standard contract (per side). There is an Auto-Liquidation fee of $10 per contract. Other exchange fees may be applicable and can be found on the CME group website. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

No. of tradable assets	2800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, ASIC, FMA, FCA, CySEC

Fees & Costs

Trading fees	No
Inactivity fees	Yes
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools

No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Read review Visit Plus500

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What is a low spread forex broker?

It’s a company that allows you to trade the forex market while offering low spreads. The difference between the buy and sell price is known as the spread. Forex brokers who offer low spreads usually charge a fee or commission to make a profit for themselves. Low spread brokers are generally suited to day traders who enter and exit the market frequently. 

What is low spread? 

The spread is the difference between the buy and sell price of two currencies, and is measured in pips. A pip is a unit of measure used by traders to define the smallest change in value between two currencies. Low spread forex brokers offer trading accounts that have a very small difference between the buy and sell price. 

The table below shows the average spreads from the top 3 low spread forex brokers in 2025:

How do low spread FX brokers work?

Most brokers work in a similar way and act as a ‘middleman’ between a trader and the exchange. However, there are typically two ways in which they usually operate; dealing desk trading and no dealing desk trading. Both types let traders participate in the forex market, although they differ slightly in their models. Below we have briefly explained each. 

• Dealing desk trading. This is when a broker acts as a dealer and takes the opposing side of a trade. Brokers working in this way usually have bigger spreads and are able to control prices.  
• No dealing-desk trading. Using this type of broker gives traders direct access to the interbank market (where banks trade currencies with each other). This is the preferred method for most brokers and traders. Forex brokers using this model act as a ‘middleman’ to facilitate trades.

For a low spread or zero pip broker to make money, they will likely have to charge fees or commissions. Although there are other ways in which they make money which you can learn about below. 

1. Rebates. If a broker is offering traders no spreads, they may earn a rebate on your position to make money for themselves. They do this by routing your order to a third-party market-maker who will pay them a commission. 
2. Act as a dealer. As we’ve mentioned in the section above, brokers can operate as dealers. This means that they take the opposite side to your trade to manage their risk. Brokers also know that most retail traders lose money, so by using this method they are able to generate profits while offering zero pip spreads. 
3. Charge a fee. The most common way for 0 pip brokers to earn money from traders is by charging a fee or commission. This is added as a separate charge when a trader opens and closes a position. 

Here are the most common fees charged by the best low spread forex brokers:

The best low spread forex brokers for beginners and experienced traders

There are lots of low spread forex brokers around and choosing the right one for your needs can be a difficult task. That’s why we’ve selected both the top forex brokers with zero or low spreads for experienced and beginner traders alike. 

The top low spread broker for beginners

For newer traders, an easy to use platform is a key requirement. Beginners will also want low fees and a broker who has a range of educational materials. Click the button below to register with our top low spread broker for beginners.

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

Visit site

eToro review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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.

The top 0 pip broker for experienced traders

Traders with more experience will have a longer list of requirements. A wide range of currency pairs, technical tools and low fees will be top of that list. The broker below offers all of that and is our top recommended low spread forex platform for experienced traders.

4.5

Plus500

Min. Deposit $100

Fees From 2%

No. assets 2800+

Demo account Yes

Visit site

Plus500 review

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What should I look for in a low spread trading platform?

There are a number of features that you’ll want to look for when choosing a low spread trading platform and in the section below we’ve highlighted some of the most important ones. 

Reliable platform

For all traders, reliability is key. The best forex apps are consistently online, don’t suffer much downtime, or crash frequently. A safe, secure, and most importantly reliable platform can save traders lots of time and money. One of the best ways to learn if a broker is reliable is by reading customer reviews. 

Low fees

If you’re planning on using a zero pip forex broker, you’ll most likely be subjected to trading fees and commissions on every transaction. Ideally, they’d also be low spread brokers, though checking a brokers trading terms and conditions is the best way to find out their fee and commission structure. Below are the fees charged by the best low spread brokers:

Large choice of currency pairs

Most traders opting for a 0 pip forex broker will likely be day traders or scalpers. Finding a broker with a large choice of currency pairs to trade is helpful as you’re able to spread your money across a range of pairs. Most brokers will offer the major pairs, but if you’re interested in trading the exotics, then make sure to check before joining that the broker offers them. 

Here are the most common forex pairs you’ll be able to trade when using a low spread forex broker:

Technical tools 

The best platforms have a broad range of technical tools which can be easily overlaid onto price charts. Technical analysis is a popular trading method and for many traders, the use of indicators and other tools is an important aspect of trading. Before joining a zero pip broker it’s a good idea to check what tools they offer. Most brokers offer this service for free. 

Regulation

Choosing a regulated broker is important because it protects your money in case anything happens. All regions and countries will have their own regulation so its important to check what applies to you. In the United States, picking a broker who is regulated by the CFTC is important. 

Quick answers to key questions

How much are fees and commissions?

That will depend on the broker’s terms and conditions so it’s worthwhile checking the fee schedule prior to joining. It’s highly likely that a low spread broker will have other charges that you’ll need to take into account. 

Do low spread brokers offer other markets?

Yes, many online low commission forex brokers also allow you to trade other financial assets. With the rise in cryptocurrencies in recent years, lots of brokers have started to include top coins like Bitcoin or Ethereum. Other instruments you can usually trade are stocks, commodities, and ETFs. It’s always a good idea to check what’s on offer before registering.

Do I have to download any software to use a 0 pip broker?

Not always, although most brokers have specialised trading software available for all of their users. The most common among retail forex traders are MT4 and Tradingview. If you decide you don’t want to download anything, then all brokers offer an option to place trades directly from their websites. 

Can I trade from my phone?

Yes, all the top low spread forex brokers have apps which you can download to your mobile device. However, forex mobile trading apps will likely have less features than desktop platforms. Using a mobile trading app is a great way to keep on track of your open trades while you’re out and about. 

Should I use a low spread broker to trade forex?

Using a broker is the easiest and most times only way to trade the forex market. Using a 0 pip broker is a good idea, especially for anyone who uses day trading or scalping strategies. Zero pip brokers may not always offer no spreads, however on average their spreads will be zero, or close to zero. 

Still undecided?

This page has already covered a lot of information, but if you are still undecided about joining a low spread forex broker, check out the pros and cons below.

Should I trade forex now?

If you think you have the knowledge required, then yes it could be a good time to start trading now. The first thing you will need to do is register with a low spread broker which you can do by clicking on the links further up the page. It’s also a good idea to stay on top of the latest forex news and analysis.

Latest forex news

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USD/CHF forecast: why the Swiss franc is soaring, and the next target

The Swiss franc continued its strong downward trend as its safe-haven appeal among investors grew. The USD/CHF exchange rate has tumbled in the last three consecutive days, and is now hovering at its lowest level since September 2011. Here are some of the reasons why the Swiss franc is seen as a bet

USD/CAD forecast as DXY index crashes ahead of BoC decision

The USD/CAD exchange rate has crashed in the past few days and is now hovering at its lowest level since November last year. It has plunged by over 6.3% from its highest level in 2024 as the focus shifts to the upcoming Bank of Canada (BoC) decision and Canadian inflation data.  Concerns about the U

USD/RUB forecast: bearish flag points to a Russian ruble surge

The USD/RUB exchange rate retreated to the critical support at 83 on Friday as the US dollar index (DXY) crashed and after the US called for a quick resolution to the Russian and Ukrainian crisis. It has dropped by almost 28% from its highest point in December last year.  US dollar index crash

Methodology: How we choose the best 0-pip and low spread forex brokers

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 at a low price. 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 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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