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9 of the 13 raw-spread brokers in our data quote EUR/USD from 0.0 pips, so the spread alone does not separate them. This list is ordered by the published spread, with ties broken by spread plus commission, from terms published up to 19 Oct 2026.
Low Spread Brokers does not give personal investment advice.
For traders who compare brokers on cost per trade. Every spread here is the broker’s own published figure, copied up to 19 Oct 2026, not our measurement; where a broker publishes only an average, it sits below brokers that publish a “from” figure. Read first:how we rankhow we make moneyrankings by country
On EUR/USD, Pepperstone (Razor), CMC Markets (FX Active) and Admirals (Zero.MT5) all publish spreads from 0.0 pips. Pepperstone ranks first because its commission, GBP 2.25 per lot per side, is the lowest published in this group. For UK residents the first FCA-regulated broker on this list is Pepperstone.
Compare averages where you can: Pepperstone Razor averages 0.1 pips and FP Markets Raw 0.19 pips, against 0.0 “from”.
Add the commission both ways: GBP 2.25 per lot per side becomes GBP 4.50 per round-turn lot.
Check the date next to each spread in the comparison table: Vantage’s spread page, for example, was copied on 17 Feb and again on 19 Oct 2026.
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Pick what matters most and go straight to the ranking built for it.
Every ranking shows the company behind each broker and the loss rate that company publishes.
Low spread forex brokers, ranked by published EUR/USD spread
Ranked by this page’s rule from published broker data, not by commission. Advertiser disclosure
Why this order: only brokers with a raw-pricing account, sorted by the lowest EUR/USD spread the broker publishes, with ties broken by spread plus commission. Ranked from our data on 13 brokers, updated 19 Oct 2026. How we rank
Ranked by this page’s rule · 19 Oct 2026
Your country decides which company opens your account, and with it your leverage cap and protections.
0.0 pips (RAW ECN (inferred: unlabeled block), 17 Feb 2026)
Platforms
MT4, MT5, TradingView, proprietary
Max retail leverage
Depends on entity: up to 30:1 (major currency pairs, retail); lower for other instruments (FCA)up to up to 30:1 (retail clients) (ASIC)up to 100:1 to 500:1 (global help center, all account types; certain products fixed) (VFSC)
Funding methods
Debit card, Credit card, Bank transfer, Skrill, Neteller, E-wallets, Alternative payment methods
StandardRawECNIslamicCopyCentSpread bettingProfessional2 of 6 licences checked on the register, 20 Oct 2026
Depends on entity: up to 50:1 implied (margin from 2% on EUR/USD, retail) (CFTC / NFA)up to 30:1 (major forex pairs, retail; margin 3.33%) (FCA)up to 1:30 (retail, per account comparison table on EU site) (KNF)up to up to 20:1 (retail) (MAS)up to 25x implied (individual FX margin at least 4% of transaction amount) (JFSA)
Funding methods
Debit card, Credit card, Bank transfer (Faster Payments, BACS, CHAPS, SWIFT, SEPA)
StandardRawProfessional4 of 8 licences checked on the register, 20 Oct 2026
Depends on entity: up to 1:30 (ASIC)up to 1:30 (retail, all account types) (CySEC)up to 1:5000 (MetaTrader accounts), 1:1000 (cTrader); described as dynamic (FSA Seychelles)up to 1:200 (SCB)
Funding methods
Credit/debit card, Bank transfer, PayPal, Skrill, Neteller, UnionPay, BPAY, FasaPay, POLi
StandardRawIslamicProfessional3 of 4 licences checked on the register, 20 Oct 2026
Depends on entity: up to 30:1 (depending on instrument, retail) (FCA)up to 30:1 (major currency pairs, retail) (CySEC, ASIC)up to 30:1 default for major currency pairs (as stated on fxcm.com/za open-account page) (FSCA)up to 1000:1 (accounts with equity < $10,000; 400:1 for $10k-50k; 100:1 above $50k; MT4 < $10k max 400:1) (Unregulated)
Funding methods
Debit/credit card (Visa, Mastercard; Discover in UK), Bank wire, PayPal (UK, AU), Google Pay, Apple Pay (UK, AU), Open Banking (UK), Skrill, NETELLER, Rapid Transfer (UK), China Online Payment (markets), Crypto (markets)
StandardRawSpread bettingProfessional4 of 6 licences checked on the register, 20 Oct 2026
Depends on entity: up to 1:400 (CMA Kenya)up to 1:Unlimited if eligible (equity < 5,000 USD); 1:2000 by default; 1:1000 / 1:500 at higher equity (FSA Seychelles, CBCS, BVI FSC)
Funding methods
Bank card (Visa, Mastercard, 3D Secure), Prepaid cards (not US-issued), Local and global payment methods (region-dependent, listed only in Personal Area)
StandardRawIslamicDemoCent3 of 10 licences checked on the register, 20 Oct 2026
1Pepperstoneraw pricing with both “from” and average spreads published (0.0 pips / 0.1 pips)8.5/10
2CMC Marketsa commission charged as a percentage of trade value rather than per lot7.8/10
3Admirals (Admiral Markets)a choice of Zero.MT5 or commission-free Trade.MT5 (from 0.5 pips)7.7/10
4TickmillUSD 3.00 per lot per side on the Raw account, with an FCA entity for UK clients7.7/10
6Vantageraw pricing from a $50 deposit with USD 3.00 per lot per side7.9/10
Scores by criterion
Each criterion scored 0–10. Darker means a higher score; an empty cell means not measured.
Scores by criterion
Broker
Costs
Platforms
Regulation
Accounts
Research
Support
Pepperstone
8.2
9.5
9.0
7.0
Not measured
Not measured
CMC Markets
8.0
6.5
9.0
7.0
Not measured
Not measured
Admirals (Admiral Markets)
8.0
6.5
8.0
8.0
Not measured
Not measured
Tickmill
7.6
8.0
7.5
8.0
Not measured
Not measured
FP Markets
7.6
9.5
8.0
6.5
Not measured
Not measured
Vantage
7.6
8.0
8.0
8.0
Not measured
Not measured
OANDA
7.6
8.0
9.0
7.0
Not measured
Not measured
FxPro
7.2
9.5
8.0
5.0
Not measured
Not measured
XM
6.8
6.0
8.0
8.0
Not measured
Not measured
IC Markets
6.8
9.5
8.0
8.5
Not measured
Not measured
FXCM
Not measured
7.0
7.0
6.5
Not measured
Not measured
Exness
Not measured
6.5
3.5
6.0
Not measured
Not measured
ThinkMarkets
Not measured
8.0
9.0
9.0
Not measured
Not measured
Preliminary scores from published broker data. Research and support are not scored until live-account tests, and a broker with no published EUR/USD spread in pips has no costs score.
At a glance
Forex broker comparison table
What the table shows
Licence numbers as each broker publishes them (we have not yet matched them on the registers), which entity serves which country, and spreads with the date we copied them from the broker’s own pages.
How to use this table
Sort by score, spread or minimum deposit. Deposits stay in the broker’s own currency, so compare them only within one currency.
Spreads as published by each broker, latest check 19 Oct 2026. Minimum deposits are shown in each broker’s own currency and are not converted.
Highest score in our data
Our low-spread pick for October 2026
Pepperstone publishes Tier 1 licences from 5 regulators and quotes EUR/USD from 0.0 pips on its Razor account (checked 19 Oct 2026). The trade-off: the 0.0 pip spread comes with a commission on every trade, and the lowest rate applies to GBP accounts.
The cheapest broker depends on how often you trade and which account you open.
1
Raw or standard account?
One pip on a standard lot of EUR/USD is USD 10. Pepperstone’s standard account starts at 1.0 pips with no commission; Razor starts at 0.0 pips plus GBP 4.50 per round turn. The commission is less than one pip, so per lot Razor costs less; on 0.01 lot the gap is cents.
Around major data releases, at the daily rollover and in the quiet hours between the New York close and the Asian open. Published “from” spreads describe the busiest hours, not those.
Yes. The figures here are EUR/USD only, the pair every broker in our data publishes. Crosses and exotics are wider, and few brokers publish them per account.
A desk score from the brokers’ published terms. We have not opened live accounts yet, so nothing on this page is a test result.
1Copy published termsSpreads, commission, deposits, platforms and account types from each broker’s own pages, each with its date (latest 19 Oct 2026).
2List the entitiesEvery licensed company of a brand, with the licence number the broker publishes. Matching each number on the regulator’s register is the next step.
3Score four criteriaCosts, platforms, regulation and accounts, 0–10 each, by a fixed formula. Research and support stay unscored until we test them.
4Apply this page’s ruleThe filter and sort written under the ranking heading. Ties are broken by the overall score.
Weights in the preliminary score
Costs · 31%
Regulation & safety · 31%
Platforms · 19%
Accounts & funding · 19%
13brokers scored
19 Oct 2026latest data check
What does not affect a score
Partner status and advertising. We have no affiliate or advertising agreements with brokers.
We have no affiliate or advertising agreements with brokers, and no click to a broker is paid. If that changes, the site will say so first; partner status is not an input to any score, whose formulas use spreads, platforms, licences and account terms only.
What we don’t do
No bonuses or sign-up offers. No offshore leverage presented as a feature. No claim that we tested an account we have not opened. No personal investment advice.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Low Spread Brokers does not give personal investment advice.
No. A 0.0 pip account charges a commission instead: GBP 2.25 per lot per side at Pepperstone, USD 3.00 per lot per side at Tickmill. Overnight swaps and currency conversion are charged on top.
Data collected up to 19 Oct 2026
2Raw or standard account: which costs less?
Per lot, raw usually does: Pepperstone Razor costs GBP 4.50 commission per round turn plus a spread from 0.0 pips, against a spread from 1.0 pips (USD 10 per pip per lot) on the standard account. On a 0.01 lot every figure shrinks a hundredfold, so occasional micro-lot traders save cents.
Data collected up to 19 Oct 2026
3Which UK forex broker has the lowest spread?
Among brokers with an FCA-regulated entity and a raw account in our data, Pepperstone comes first on published EUR/USD spread. Check that the account you open is with the UK entity.
Data collected up to 19 Oct 2026
4How do forex broker commissions compare?
Per lot per side, from published terms: Pepperstone GBP 2.25 per lot per side, CMC Markets USD 2.50 per lot per side, Tickmill USD 3.00 per lot per side, IC Markets USD 3.50 per lot per side, FXCM USD 4.00 per lot per side.
Data collected up to 19 Oct 2026
5Why is IC Markets lower than its spreads suggest?
IC Markets publishes an average raw spread (0.1 pips) rather than a “from” figure, and averages are always higher. We do not mix the two to move it up.
Data collected up to 19 Oct 2026
6When do spreads widen?
Around central-bank decisions and major data releases, at the daily rollover, and when liquidity is thin late in the New York session. Raw-spread accounts widen too; only the commission stays fixed.
Data collected up to 19 Oct 2026
Who wrote and checked this page
Written and checked by
Low Spread Brokers team
Copies broker costs and account terms from the brokers’ own pages, records the date and source of each figure and checks entities and licence numbers on the regulators’ registers; for this page that check is still in progress.