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Lowest Spread Forex Brokers in 2024

Overview of the Lowest Spread Forex Brokers in 2024

Here, you can compare the features of forex brokers offering the lowest spreads.

BrokerMinimum DepositFX Commission Per LotCurrency PairsDebit/Credit Card
Fusion Markets$0 $2.25 commission per lot per trade90Yes
IC Markets$200 $3.50 commission per lot per trade60+Yes
GO Markets$0€2.00 commission per lot per trade50Yes
FP Markets$50 $3.00 commission per lot per trade70Yes
Trade Nation$0 No commission is charged36Yes
Interactive Brokers$0 $2.00 commission per lot per trade100+No
Capital.com$20 No commission is charged125+Yes
CMC Markets$0 No commission is charged338Yes
Saxo$0 No commission is charged190Yes
IG$0 No commission is charged80+Yes

Comparison of Forex Spreads

The fees associated with a trade, such as spreads, commissions, and other trading costs, are crucial when choosing a broker. To help you make an informed decision, we have compiled a table below showcasing the most important forex spreads.

BrokerEUR/USD SpreadGBP/USD SpreadAUD/USD SpreadEUR/CHF SpreadEUR/GBP Spread
Fusion Markets0.00.00.00.20.0
IC Markets0.00.00.00.20.2
GO Markets0.10.20.10.30.2
FP Markets0.10.20.20.40.2
Trade Nation0.30.90.41.00.5
Interactive Brokers0.20.40.30.50.3
Capital.com0.61.30.62.32.0
CMC Markets0.71.20.71.21.1
Saxo0.81.20.81.21.0
IG0.60.90.92.00.9

Non-trading fees at the Lowest Spread Forex Brokers

Non-trading fees are charges that are not directly tied to individual trades. These typically include account maintenance, deposit/withdrawal fees, and inactivity fees. The table below provides information on the non-trading fees of the Lowest Spread Forex Brokers, helping you make an informed choice.

BrokerAccount FeeDeposit FeeWithdrawal FeeInactivity Fee
Fusion MarketsNo$0 $0 No
IC MarketsNo$0 $0No
GO MarketsNo$0 $0 No
FP MarketsNo$0$0No
Trade NationNo$0 $0No
Interactive BrokersNo$0 $0No
Capital.comNo$0 $0 Yes
CMC MarketsNo$0$0Yes
SaxoNo$0 $0 No
IGNo$0 $0 No

Can I Trust These Forex Brokers?

Can I trust these lowest-spread forex brokers? The answer depends on several factors: the regulatory oversight of the brokers, the protections available to investors, and the brokers’ track records. The information provided below will help you assess their reliability.

BrokerEstablishment YearTop-tier RegulatorsInvestor ProtectionInvolved in the scandal
Fusion Markets2010ASIC in Australia, VFSC in the VanuatuNo investor protectionNo
IC Markets2007FCA in the UK and ASIC in Australia€20k to EU clients and $0 to othersNo
GO Markets2006ASIC in AustraliaNo investor protectionNo
FP Markets2005ASIC in Australia, CySEC in the EU€20k to EU clients, $0 to othersNo
Trade Nation2014FCA in the UK and ASIC in Australia£85 to UK clients and $0 to othersNo
Interactive Brokers1978FCA in the UK, SEC in the US, and ASIC in Australia$500k (up to $250k on cash) to US clients. No
Capital.com2007FCA in the UK, ASIC in the Australia, CySEC iin the Cyprus$500k (including $250k for cash claims) for the US, £85k for the UK, a minimum of €20k for EU countries and $0 for others.No
CMC Markets1989FCA in the UK, CIRO in Canada, and ASIC in Australia£85k to UK clients, €20k to EU, CAD 1mn to Canadian, $0 to other clientsNo
Saxo1992FSA in Denmark, FCA in the UK, FINMA in Switzerland and ASIC in Australia$100k cash and €20k securities to most EU clients. No
IG1974FCA in the United Kingdom, BaFin in Germany, ASIC in Australia, NFA in the United States, FINMA in Switzerland, MAS in Singapore, DFSA in the United Arab Emirates, FSCA in South Africa, JFSA in Japan£85k to UK, €20k to EU clients, CHF 100k to Swiss, and $0 to other clientsNo

The Lowest Spread Forex Brokers Snapshot

Fusion Markets
Fusion Markets
Mobile App Score4.8
Minimum Deposit$0
Currency Pairs90
Deposit MethodsVisa, MasterCard (credit & debit), PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, Cryptos or bank wire
Withdrawal MethodsBank Wire, Credit or Debit Card, Skrill and Neteller
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
IC Markets
IC Markets
Mobile App Score5.0
Minimum Deposit$200
Currency Pairs65
Deposit MethodsBank wire, Credit cards, Digital wallets
Withdrawal MethodsBank wire, Credit cards, Digital wallets
Time to Open an Account2 day
Demo Account✔️
Customer ServicesAvailable 24/7 via live chat, phone, and email
GO Markets
GO Markets
Mobile App Score4.1
Minimum Deposit$0
Currency Pairs50
Deposit MethodsBank Wire, Credit/Debit Card, Dotpay, Skrill, Neteller
Withdrawal MethodsBank Wire, Credit/Debit Card, Dotpay, Skrill, Neteller
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
FP Markets
FP Markets
Mobile App Score4.9
Minimum Deposit$50
Currency Pairs70+
Deposit MethodsCredit/debit cards, bank wire transfers, and e-wallets
Withdrawal MethodsCredit/debit cards, bank wire transfers, and e-wallets
Time to Open an AccountI day
Demo Account✔️
Customer ServicesAvailable 24/7 via live chat, phone, and email
Trade Nation
Trade Nation
Mobile App Score3.8
Minimum Deposit$0
Currency Pairs36
Deposit MethodsBank cards, bank transfers, cryptocurrencies, Skrill, AstroPay, Rapid, Jeton, and other e-wallets
Withdrawal MethodsBank cards, bank transfers, cryptocurrencies, Skrill, AstroPay, Rapid, Jeton, and other e-wallets
Time to Open an AccountI day
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
Interactive Brokers
Interactive Brokers
Mobile App Score5.0
Minimum Deposit$0
Currency Pairs125+
Deposit MethodsBank transfer
Withdrawal MethodsBank transfer
Time to Open an Account1-3 days
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
Capital.com
Capital.com
Mobile App Score4.5
Minimum Deposit$20
Currency Pairs138
Deposit MethodsBank transfer, PayPal, credit and debit card payment systems, iDeal, 2c2p, Astropay, TEF, Sofort, Giropay, Multibanko, Trustly, and Przelewy24.
Withdrawal MethodsBank transfer, PayPal, credit and debit card payment systems, iDeal, 2c2p, Astropay, TEF, Sofort, Giropay, Multibanko, Trustly, and Przelewy24.
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
CMC Markets
CMC Markets
Mobile App Score4.9
Minimum Deposit$0
Currency Pairs300+
Deposit MethodsCredit/debit card, PayPal, Bank transfer
Withdrawal MethodsCredit/debit card, PayPal, Bank transfer
Time to Open an Account1-3 days
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
Mobile App Score5.0
Minimum Deposit$0
Currency Pairs190
Deposit MethodsBank transfer, Credit/debit cards
Withdrawal MethodsBank transfer
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
Mobile App Score5.0
Minimum Deposit$0
Currency Pairs80+
Deposit MethodsWire Transfer, Debit Card, Credit Card, PayPal, Visa, Mastercard
Withdrawal MethodsWire Transfer, Debit Card, Credit Card, PayPal, Visa, Mastercard
Time to Open an Account1-3 days
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, WhatsApp, and email

Methodology

To choose the lowest spread forex brokers, we thoroughly check, verify, and compare the elements that we consider to be the most important to consider when choosing an excellent broker. This includes the benefits, drawbacks, and overall grades determined by our research. Our goal is to help you find the ideal broker for your investor needs. You can read more about our methodology by visiting this page.

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