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10 Best Low Spread Forex Brokers for June 2022

The forex market remains the largest financial market in the world, regularly facilitating more than $6 trillion in daily trading volume. Due to the high level of liquidity with forex, traders worldwide can easily speculate on price movements by partnering with a well-respected and regulated broker.

This guide will discuss the best low spread forex brokers available to partner with, reviewing which platforms have the most attractive fee structure before touching on what spreads actually are and how low spreads can be beneficial over the longer term.

The Best Low Spread Forex Brokers for 2022

Listed below are ten low spread forex brokers, each offering a cost-effective way to place FX trades. We’ll review these cheap forex brokers in the following section, discussing their asset selection, features, and fee structure.

  1. Capital.comOverall Best Low Spread Forex Broker
  2. eToro – Top FX Trading Platform with Innovative ‘CopyTrader’ Feature
  3. LibertexCheapest Forex Broker with Zero Spreads
  4. AvaTrade – Leading CFD Platform with MT4/MT5 Support
  5. Interactive Brokers – One of the Best Low Spread Brokers for Experienced Traders
  6. TD Ameritrade – Great Forex Broker Featuring Excellent Trading Platform
  7. Skilling – Cheap Forex Broker with Support for cTrader and MT4
  8. CMC Markets – One of the Best Cheap Forex Brokers with Huge Asset Selection
  9. – Industry-Leading Broker with STP Account
  10. E*TRADE – Best Low Spread Platform to Trade Currency Futures

Lowest Spread Forex Brokers Reviewed

Low spread forex brokers are ideal for active traders, as fees can rack up quickly when placing multiple trades per day. Fortunately, there is an abundance of low spread brokers to choose from, each offering a slightly different fee structure and feature set. With that in mind, let’s dive in and explore the platforms listed in the previous section:

1. – Overall Best Low Spread Forex Broker logo

Our number one pick when it comes to the cheapest forex brokers is is a popular CFD trading platform that boasts low fees and a wide range of tradeable assets. The platform itself is regulated by several leading bodies, such as the FCA, ASIC, CySEC, and MiFID. offers 138 currency pairs to trade, making it easy to find trading opportunities every day. These pairs are traded via CFDs, meaning that all of’s fees are built into the spread. Fees for FX trading are relatively low, averaging at just 0.6 pips for EUR/USD during peak trading hours. fx trading

Aside from trading fees, doesn’t levy any non-trading fees – meaning that deposits and withdrawals are free to make. The minimum deposit threshold is only $20, with users able to fund their accounts via credit/debit card, bank transfer, Apple Pay, or PayPal.’s trading process is also streamlined, as users can trade on the web portal, MT4, or the proprietary mobile app – one of the best investment apps on the market. Numerous order types are offered to users, including the rare ‘trailing stop’ order, which can be helpful in the FX market. even enables price alerts to be set and provides a vast array of educational content for beginners.

Number of Currency Pairs 138
Spread for EUR/USD Average of 0.6 pips
Max Leverage 30:1
Accepts U.S. Clients? No

What we like:

  • 0% commission when opening an FX trade
  • Numerous order types to choose from
  • Full support for MT4
  • Over 130 currency pairs to trade
  • Deposits accepted via Apple Pay and PayPal

Your capital is at risk. 78.91% of retail investor accounts lose money when trading CFDs with this provider.

2. eToro – Top FX Trading Platform with Innovative ‘CopyTrader’ Feature

Another great option when it comes to the cheapest forex brokers is eToro. eToro has a stellar reputation within the trading scene, serving over 26 million clients in countries across the globe. In terms of regulation, eToro is policed by several leading organizations, including FinCEN, FINRA, CySEC, ASIC, and the FCA.

eToro currently offers 49 currency pairs to trade, including majors, minors, and a selection of exotics. All of eToro’s FX pairs are available to trade via CFDs, meaning that users do not have to pay any commissions when opening or closing a trade. Instead, eToro’s fees are built into the bid/ask spread – starting from just one pip for liquid pairs like EUR/USD and USD/JPY.

eToro fx trading

Furthermore, eToro also offers up to 30:1 leverage for retail traders trading the majors, allowing positions to be magnified by up to 30x. Leverage on minors and exotics is capped at 20:1, with the minimum trade size being only $10. These characteristics make eToro one of the best forex brokers for beginner traders.

Regarding deposits, eToro accepts credit/debit cards, bank transfers, and e-wallets – including PayPal, Skrill, and Neteller. The minimum deposit threshold is also only $10 and arrives immediately when funding via card or e-wallet. Notably, eToro’s base currency is USD, meaning that US-based traders do not have to pay any deposit fees when funding their accounts.

eToro copytrader

eToro also boasts a selection of valuable features, including its popular ‘CopyTrader’ feature. This allows users to automatically copy the trades placed by other eToro users – with no additional fees. Much like the best forex signals, this feature helps to automate the trading process and is ideal for newcomers looking to make positive returns whilst still learning the market.

Number of Currency Pairs 49
Spread for EUR/USD 1 pip
Max Leverage 30:1
Accepts U.S. Clients? Yes (forex trading is currently unavailable)

What we like:

  • Wide selection of majors, minors, and exotics to trade
  • Popular ‘CopyTrader’ feature
  • Spreads start from only one pip
  • Minimum trade size is only $10
  • Heavily regulated in numerous jurisdictions

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

3. Libertex – Cheapest Forex Broker with Zero Spreads

Libertex logo

Investors looking for the lowest spread forex broker should look no further than Libertex. This is because Libertex occupies a unique position in the market because the platform charges no spreads on FX trades. Instead, Libertex charges a commission when trades are placed, which varies depending on the asset.

However, specific pairs do not come with a commission, such as EUR/USD and GBP/USD. Other pairs will be accompanied by a small commission of around 0.0003%, calculated using a multiplier when the position is opened. Aside from these commissions, Libertex does not charge any monthly account fees or deposit fees.

Libertex FX trading

The maximum leverage for retail traders on major pairs is 30:1, although this drops to 20:1 for minors and exotics. Libertex offers over 50 pairs to trade at the time of writing, although users can also invest in stocks and ETFs and buy cryptocurrency.

Libertex is regulated by CySEC, which is only of the world’s…

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