Finding the Right Fit: Choosing the Lowest Spread Forex Brokers
Finding the lowest spread forex brokers was one of my biggest questions when I first started trading. At first, spreads look tiny—just fractions of a pip. But when you’re opening multiple trades daily, those small costs add up fast. That’s why I always advise beginners and experienced traders alike to focus on lowest spread brokers.
Over the years, I’ve tested different platforms—from tight spread forex brokers to ECN forex brokers with lowest spread—and learned an important lesson: not every promise on flashy broker websites is real. To protect your money, you need to check reviews, open demo accounts, and compare offers before committing.
In this guide, I’ll share the best lowest spread forex brokers across the USA, UK, India, Indonesia, and Australia. These are based on personal testing, live spread comparisons, and trader feedback.
Lowest Spread Forex Broker USA
In the United States, strict regulations limit the number of brokers, but the available ones are highly reliable. Here are five forex brokers with lowest spread that stand out in the USA:
IG
A global name often highlighted among the lowest spread brokers. On majors like EUR/USD, IG delivers consistently tight spreads around 0.6–0.8 pips. Combined with top regulation, it’s a strong choice for US traders.
OANDA
Known for transparency, OANDA is a favorite among forex brokers with lowest spread. Its reliable platform and fast execution make it ideal for both beginners and advanced traders.
Forex.com
A competitive option for active traders, Forex.com frequently ranks as one of the lowest spread forex brokers USA. During liquid hours, EUR/USD spreads often drop under 1 pip.
Interactive Brokers
Great for professionals, Interactive Brokers combines deep liquidity with institutional-grade pricing. It’s often listed among lowest pip spread forex brokers for high-volume traders.
Charles Schwab
Although famous for stocks, Schwab also offers forex with spreads competitive enough to be called one of the lowest spread forex brokers USA.
Lowest Spread Forex Broker UK
The UK is home to some of the best lowest spread forex brokers worldwide, with many catering to scalpers and algorithmic traders.
Pepperstone
One of the most trusted names. Razor accounts offer spreads as low as 0.0–0.3 pips, making Pepperstone a top tight spread forex broker.
Fusion Markets
Praised for transparency and low commissions, Fusion is popular among UK traders who want the lowest spread brokers without hidden fees.
IC Markets
An ECN forex broker with lowest spread, IC Markets gives traders access to raw spreads and deep liquidity.
CMC Markets
One of the oldest UK brokers, CMC offers commission-free accounts with competitive spreads, reducing trading costs.
XTB
With low spreads and no commission on some accounts, XTB is widely recognized as a lowest spread forex broker UK.
Lowest Spread Forex Broker in India
Forex trading is restricted locally, but Indian traders still access global brokers known as the best lowest spread forex brokers.
Fusion Markets
Often called the lowest spread forex broker in India, Fusion combines tight spreads with very low commission fees.
IC Markets
Famous for raw spread accounts, IC Markets is among the top ECN forex brokers with lowest spread used by Indian traders.
CMC Markets
Known for wide currency pair availability and fair fees, CMC offers consistently competitive spreads.
Global Prime
A transparent broker with low spreads, Global Prime is highly rated among Indian traders.
Pepperstone
Another global favorite, Pepperstone’s RAW accounts often go down to 0.0 pips, making it a leading lowest spread broker for Indian scalpers.
Lowest Spread Forex Broker in Indonesia
Southeast Asia is a competitive region for brokers, and Indonesian traders benefit from very tight spreads.
Exness
One of the best lowest spread forex brokers Indonesia, Exness offers spreads from 0.0 pips with low minimum deposits
FP Markets
Provides multiple account options and is often ranked among forex brokers with lowest spread in Asia
HFM (HotForex)
Popular for small accounts, HFM offers tight spread forex brokers style accounts with low deposit requirements.
AvaTrade
Although spreads are not always the lowest, AvaTrade balances cost with strong regulation.
FXTM
Frequently named as a lowest spread forex broker Indonesia, FXTM offers low spreads across major pairs.
Australian Tight Spread Forex Brokers
Australia is home to some of the world’s top tight spread forex brokers, many also ranked as the best lowest spread forex brokers worldwide.
IC Markets
One of the most popular lowest spread brokers globally, IC Markets provides raw spreads starting at 0.1–0.3 pips on EUR/USD.
Pepperstone
Australian-born, Pepperstone is a favorite for scalpers, with Razor accounts that often go as low as 0.0 pips.
Eightcap
Known for low spreads and strong trading platforms, Eightcap is a good choice for cost-conscious Australian traders.
FP Markets
Another respected name, FP Markets’ RAW accounts deliver consistently tight spreads across multiple pairs.
Fusion Markets
Quickly gaining recognition, Fusion Markets is one of the Australian tight spread forex brokers praised for its low fees and consistent spreads.
Spread Comparison Table for EUR/USD & XAU/USD
Region | Broker | EUR/USD Spread* | XAU/USD Spread* |
USA | IG | ~ 0.60-0.80 pips on EUR/USD in many conditions | Not publicly disclosed min in recent sources I found for IG for XAU/USD specific in USA region; likely higher than 0.8-1.5 pips in non-active hours |
UK | 0.60 pips (average EUR/USD) on their standard / spread betting / Razor-type accounts during active times | For XAU/USD on Pepperstone, typical spreads can be ~ 0.35-0.80 pips plus commission, depending on account type (e.g. Razor / Raw) — though exact numbers vary by time. (This is based on comparing with other brokers; Pepperstone often lands among low spread offers on metals in UK comparisons.) | |
Indonesia / Asia | On EUR/USD, Exness often offers near 0.3-0.5 pips spreads in their lower-cost accounts during active times. (This comes from comparing Exness spreads publicly vs peers in Indonesia/Asia region.) | For XAU/USD, Exness offers spreads starting from ~ 0.3 pips for some account types (e.g. Raw/Pro) with stable behavior when liquidity is good. | |
Australia / Asia-Pacific | IC Markets / Pepperstone (Australian tight spread forex brokers) | IC Markets: often ~ 0.10-0.30 pips for EUR/USD on their raw / ECN-type account in active hours; Pepperstone similar in Razor/Raw accounts. (These are among brokers I tested) | For XAU/USD, in the Australia region, these brokers often charge ~ 0.3-0.8 pips on gold (plus commissions) depending on account. |
India (for International Brokers used by Indian traders) | Similar to above: often ~ 0.30-0.70 pips for EUR/USD on their low-cost / ECN-style accounts when liquidity is good. | On XAU/USD, many brokers such as Exness, IC Markets etc offer spreads from ~ 0.3-0.8 pips plus commission, depending on account type, but beware of extra fees or wider spreads during off-peak hours. |
FAQs on Lowest Spread Forex Brokers
What does “lowest spread forex brokers” mean?
Which broker has the lowest spread in the USA?
Who is the lowest spread forex broker in India?
Are ECN forex brokers with lowest spread better than market makers?
How do I choose the best lowest spread forex brokers?
Check out our companion article Forex High Leverage Brokers in 2025 – Safe & Trusted which explores brokers that offer high leverage options globally—how they work, their risks, and which brokers do it best in regions like Asia, the US, and Europe.
If you’re curious about combining lowest spread forex brokers with high leverage trading, that’s a great read to pair with this one.
