Best forex broker with low commission in 2023

A forex broker with low commission can help lower your trading costs. This guide compares the best forex brokers with low commission and ranks them to help you choose one.
Updated: Apr 18, 2023

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 commission to help cut your trading costs. 

Best forex brokers with low commission overall for 2023

  1. eToro: Best for beginners, copy-trading & demo-account
  2. Capitality: Best for trading like a pro

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.

Min. Deposit
$ 10
Best offer
User Score
Join the Social Trading revolution. Connect with other traders, discuss trading strategies, and use our patented CopyTrader
eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets
Largest number of currency pairs to trade
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:

77% of retail CFD accounts lose money.

Min. Deposit
Best offer
User Score
Forex Demo Account
Trading accounts in EUR, USD, PLN, CZK, GBP
MT4 and MT5 platforms
Start Trading
Payment Methods:
BPAY, Bank Wire, Bitcoin, Boleto, CartaSi, Carte Bleue, China UnionPay, Credit Card, Dankort, Debit Card, Giropay, Ideal, MoneyGram, POLi, Paxum, PayCo, Przelewy24, Sofort, Trustly, Western Union, ePay bg, ePayments Transfer, neteller, postepay, skrill
Full Regulations:
Min. Deposit
$ 250
Best offer
User Score
Muti asset broker with the top currencies at your fingertip
Forex Trading - Available 24/7 with 0% trading fees
Dedicated Senior Account manager to guide you through the platform
Start Trading
Payment Methods:
Credit Card, Debit Card
Full Regulations:
HCMC in Greece

Top 7 forex brokers with low commissions, reviewed

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


No. assets


Minimum deposit


Platform type

Pros & Cons

Popular ‘Copytrader’ function so users can follow top traders Mobile platform has great functionality Minimum first time deposit of $200 Expedient customer service, with live chat support provided Over 2,000 CFDs available to trade
Does not provide the MetaTrader platform High spreads on some assets Comparatively high fees for withdrawals and account inactivity


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.

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 CFD 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.

77% of retail CFD accounts lose money.

2. Capitality. Best for trading like a pro

capitality logo


No. assets


Minimum deposit


Platform type

Pros & Cons

Trade 2000+ CFDs in six markets Access institutional quality web trading platform Comprehensive market knowledge and education section
Unregulated offshore broker registered in St. Vincent and the Grenadines Relatively high initial deposit required


We love Capitality because it gives regular investors the means to trade with pro data and tools. Capitality offers 2100+ financial instruments, including 80 currency pairs. 

The Capitality web trading terminal gives you access to live market data, real time quotes, and super-fast trade execution, all without needing to download anything. There’s also a free economic calendar that lets you know when the big financial events happen so you can plan your trades accordingly.

The fees: Capitality charges its fees through the spread. Spreads start from 0.1 pips for major forex pairs but can be significantly higher for minor and exotic pairs.

What is a low commission forex broker?

It’s an online company that allows you to trade the forex market while paying very small fees. Forex brokers and other types of financial brokers often charge a fee known as a commission for each transaction a trader makes. With the rise of discount brokerage firms, commissions have been decreasing in recent years, while some brokers eliminated them all together. 

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. 

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 prior to 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.


  • Can start with very little money $10
  • Access to leverage which can magnify your gains
  • Forex trading platforms can be used on mobile and computers
  • You can use a demo account to practice trading without any risk 
  • Forex platforms give technical tools to make analysis easier


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 (for example, some of the best forex brokers for beginners are entirely commissions free). 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.

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

We followed a strict process when evaluating each broker on this page. Every forex broker listed in this guide was tested by our experts. We considered a number of different factors during testing which included: registering an account, depositing funds, making a trade, and withdrawing money. 

When comparing each broker we used online research and reviews in addition to our own research. You are able to find an in depth review for each broker we have included in this comparison guide. Our rankings and reviews are not influenced by any broker however we may at times receive an affiliate commission if you click on a link and register an account. 

To learn more about our rankings and reviews, you can visit our full review process.


What is the best forex broker with low commission?
Is it risky to use a forex trading broker with low commission?
Do I have to pay tax on forex trading?
Can I use copy trading on a forex broker with low commission?
What is commission?

Sources & references
Risk disclaimer
Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.