The 15 Best Forex Brokers with Low Spreads – Rated and Reviewed. We have listed the best Forex Brokers with Low Spreads in 2025*.
In this in-depth write-up you will learn:
- Best Low Spreads for Beginners, including a top 10 list.
- Pros and cons of low-spread accounts
- What is a Spread?
and much, much more!
🔍Forex Broker | 🎁Sign Up Here | 🫴🏻Spreads Offered | ⬆️Leverage |
🎉FP Markets | 👉 Click Here | 0.0 pips Commissions $3 | 1:500 |
🎊Key to Markets | 👉 Click Here | 0.0 pips Commissions $8 | 1:500 |
🍾Vantage FX | 👉 Click Here | 0.0 pips Commissions $2 | 1:500 |
💝HFM | 👉 Click Here | 0.0 pips Commissions $6 | 1:2000 |
🎁Tickmill | 👉 Click Here | 0.0 pips Commissions $1 | 1:500 |
🎀RoboForex | 👉 Click Here | 0.0 pips Commissions $0.0045 | 1:500 |
🎈XM | 👉 Click Here | 0.6 pips Commissions $0 | 1:1000 |
👑Blueberry Markets | 👉 Click Here | 0.0 pips Commissions $7 | 1:500 |
🚀Axi | 👉 Click Here | 0.0 pips Commissions $3.50 | 1:500 |
🌟FBS | 👉 Click Here | 0.0 pips Commissions $0 | 1:3000 |
🍬OctaFX | 👉 Click Here | 0.0 pips Commissions $0.02 | 1:500 |
🏆IC Markets | 👉 Click Here | 0.0 pips Commissions $3.50 | 1:500 |
💜Exness | 👉 Click Here | 0.0 pips Commissions $3.50 | 1:2000 |
🏆FXTM | 👉 Click Here | 0.0 pips Commissions $3.50 | 1:3000 |
🪅FXDD | 👉 Click Here | 0.0 pips Commissions $0.02 | 1:500 |
5 Best Forex Brokers with Low Spreads (2025)
- ☑️FP Markets – Overall, the Best Forex Broker with Low Spreads
- ☑️Key to Markets – Best online trading experience for Beginners
- ☑️Vantage FX – Best Mobile trading experience
- ☑️HFM – High user trust score and trust rating
- ☑️Tickmill – Best Broker for Commissions and Fees
1. FP Markets
FP Markets is an ECN, STP, and DMA broker that operates out of Australia, offering traders from around the world more than 10,000 financial markets from forex, stocks, CFDs, and cryptocurrencies.
🔍Broker | 🥇FP Markets |
🔢Year Founded | 2005 |
👥Amount of Staff | Over 200 |
👤Amount of Active Traders | 60,000+ |
📍Publicly Traded | None |
📈Regulation | ASIC (Australia) CySEC (Cyprus) FSCA (South Africa) |
🌎Country of Regulation | Australia Cyprus South Africa |
🗂️Account Segregation | ✅Yes |
📌Negative Balance Protection | ✅Yes |
🚩Investor Protection Schemes | ✅Yes (CySEC) |
🖋️Account Types and Features | Standard Raw ECN VIP accounts available |
🎉Institutional Accounts | ✅Yes |
👤Managed Accounts | None |
💵Minor Account Currencies | EUR USD GBP AUD CAD CHF JPY NZD SGD HKD |
💴Minimum Deposit | $100 |
⏱️Average Deposit/Withdrawal Processing Time | Instant - 1 business day |
💸Fund Withdrawal Fee | None |
✏️Spreads | 0.0 pips |
💷Commissions | From $3 per side (Raw account) |
🔢Number of Base Currencies Supported | 10 |
💶Swap Fees | ✅Yes |
⬆️Leverage | Up to 1:500 |
📉Margin Requirements | Varies by instrument and account type |
☪️Islamic Account (Swap-Free) | ✅Yes |
🆓Demo Account | ✅Yes |
⏰Order Execution Time | < 40ms |
➡️VPS Hosting | ✅Yes (for eligible accounts) |
🫴🏻CFDs - Total Offered | 10,000+ |
📊CFD Stock Indices | 23+ |
💡CFD Commodities | 12+ |
👉CFD Shares | 2,000+ |
💳Deposit Options | Bank transfer Credit/Debit card PayPal Neteller Skrill Fasapay and more |
💳Withdrawal Options | Bank transfer Credit/Debit card PayPal Neteller Skrill Fasapay and more |
🛎️Trading Platforms | MetaTrader 4 MetaTrader 5 IRESS,WebTrader Mobile Apps |
💻OS Compatibility | Windows macOS iOS Android |
🔩Forex Trading Tools | Autochartist VPS Trading Central Myfxbook |
🤝Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes |
🖥️Customer Support Email Address | support@fpmarkets.com |
☎️Customer Support Contact Number | +61 2 8252 6800 |
📱Social Media Platforms | Facebook YouTube |
⚙️Languages Supported on Website | 10+ including English Spanish Chinese Arabic |
📖Education and Research | ✅Yes |
✏️Forex Course | ✅Yes |
💻Webinars | ✅Yes |
🎓Educational Resources | ✅Yes (articles, videos, eBooks, market analysis) |
🤝Affiliate Program | ✅Yes |
👥Amount of Partners | Thousands worldwide |
👍IB Program | ✅Yes |
🎁Sponsorships | ✅Yes, involved in sports sponsorships |
💴Rebate Program | ✅Yes |
💰Cent or Micro Accounts | ✅Yes (Micro Accounts) |
🚀Open an Account | 👉 Click Here |
Fees, Spreads, and Commissions
FP Markets offers a spread from 0.0 pips with commissions of $3 charged on some financial instruments. Traders are also provided with leverage up to 1:500 and 24/5 multilingual support.
Pros and Cons
✅Pros | ❌Cons |
Fast and reliable trade execution | Clients from the US are not accepted |
ECN pricing model and raw, tight spreads | Fixed spreads are not provided |
Frequently Asked Questions
What is the maximum leverage offered by FP Markets?
Leverage is available up to 1:500, depending on the asset and regulatory jurisdiction.
What account types does FP Markets offer?
FP Markets offers Standard, Raw ECN, Islamic (Swap-Free), and Demo accounts to cater to different trading needs.
What platforms are available for trading?
FP Markets offers MetaTrader 4, MetaTrader 5, IRESS, WebTrader, and mobile trading apps.
Does FP Markets offer copy trading?
No, FP Markets does not offer copy trading services directly.
Our Verdict
Overall, FP Markets is a solid choice for traders seeking a reliable and well-regulated broker with a broad array of trading instruments. FP Markets provides advanced trading platforms like MetaTrader 4, MetaTrader 5, and IRESS, along with robust trading tools such as Autochartist and VPS hosting, enhancing the trading experience for both novice and professional traders.
2. Key to Markets
Key to Markets is a well-regulated ECN online forex broker that has a decent selection of financial instruments that can be traded through powerful trading platforms such as MetaTrader 4 and FIX API.
🔍Broker | 🥇Key to Markets |
🔢Year Founded | 2010 |
👤Amount of Staff | 50+ |
👥Amount of Active Traders | Not publicly disclosed |
📌Publicly Traded | None |
⌛Regulation | Financial Services Authority (FSA) of Seychelles FCA (UK) |
🌎Country of Regulation | Seychelles United Kingdom |
🗂️Account Segregation | ✅Yes |
👉Negative Balance Protection | ✅Yes |
➡️Investor Protection Schemes | ✅Yes (under FCA regulation) |
📉Institutional Accounts | ✅Yes |
🫴🏻Managed Accounts | None |
💵Minor Account Currencies | USD EUR GBP |
💴Minimum Deposit | $100 |
⏰Average Deposit/Withdrawal Processing Time | 1 - 3 business days |
💳Fund Withdrawal Fee | None, but third-party fees may apply |
✏️Spreads | 0.0 pips |
💷Commissions | From $6 per lot (round turn) |
🔢Number of Base Currencies Supported | 3 (USD, EUR, GBP) |
💶Swap Fees | ✅Yes |
⬆️Leverage | Up to 1:500 |
📉Margin Requirements | Varies by instrument |
☪️Islamic Account (Swap-Free) | ✅Yes |
🆓Demo Account | ✅Yes |
⏱️Order Execution Time | < 50ms |
💻VPS Hosting | Yes (free for high-volume traders) |
📈CFDs - Total Offered | 200+ |
📊CFD Stock Indices | 15+ |
✏️CFD Commodities | 10+ |
📍CFD Shares | 100+ |
💴Deposit Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal |
💶Withdrawal Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal |
📊Trading Platforms | MetaTrader 4 MetaTrader 5 |
🍎OS Compatibility | Windows macOS iOS Android |
🔩Forex Trading Tools | Economic Calendar VPS Autochartist |
👥Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes |
💻Customer Support Email Address | support@keytomarkets.com |
☎️Customer Support Contact Number | +44 20 3384 6738 |
📱Social Media Platforms | Facebook |
🫴🏻Languages Supported on Website | English |
🎓Education and Research | ✅Yes |
✏️Forex Course | ✅Yes |
🖥️Webinars | ✅Yes |
📖Educational Resources | Articles Tutorials Market Analysis |
🤝Affiliate Program | ✅Yes |
🫶Amount of Partners | Not publicly disclosed |
🌟IB Program | ✅Yes |
🎁Sponsorships | No notable sponsorships |
👍Rebate Program | ✅Yes |
💰Cent or Micro Accounts | None |
🚀Open an Account | 👉 Click Here |
Fees, Spreads, and Commissions
Key to Markets is known for its No-Dealing Desk (NDD) and ECN model, ensuring that traders can expect spreads from 0.0 pips. The commissions charged on trades start from $8 per lot, round turn, and traders are given access to maximum leverage of 1:500.
Pros and Cons
✅Pros | ❌Cons |
Well-regulated | US clients are not accepted |
Client funds are kept in segregated accounts | No cryptocurrency trading |
FIX API and MetaTrader 4 offered | Limited trading tools |
Free VPS for eligible clients | Limited educational materials |
Frequently Asked Questions
Does Key to Markets charge fees for deposits and withdrawals?
No, Key to Markets does not charge fees for deposits or withdrawals, but third-party charges may apply.
What types of trading accounts does Key to Markets offer?
Key to Markets offers Standard and Pro accounts, along with Islamic (Swap-Free) and demo accounts.
Is Key to Markets regulated?
Yes, Key to Markets is regulated by the Financial Services Authority (FSA) of Seychelles and the Financial Conduct Authority (FCA) in the UK.
What trading platforms do Key to Markets provide?
Key to Markets offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
Our Verdict
Key to Markets is a reliable and well-regulated forex and CFD broker that caters to a wide range of traders, from beginners to experienced professionals. Key to Markets stands out with its broad range of trading instruments, including forex, indices, commodities, and shares, offering over 200 CFDs.
3. Vantage FX
Vantage FX is one of the most reputable forex brokers in the industry with flexible trading conditions, powerful trading platforms, and a variety of retail investor accounts to suit different trading experience levels.
🔍Broker | 🥇Vantage FX |
🔢Year Founded | 2009 |
👤Amount of Staff | 200+ |
👥Amount of Active Traders | 500,000+ |
📌Publicly Traded | None |
📈Regulation | ASIC (Australia), FCA (UK), CIMA (Cayman Islands) |
🌎Country of Regulation | Australia, United Kingdom, Cayman Islands |
🚩Account Segregation | ✅Yes |
➡️Negative Balance Protection | ✅Yes |
💙Investor Protection Schemes | ✅Yes (FCA regulated clients) |
👉Institutional Accounts | ✅Yes |
💡Managed Accounts | ✅Yes (MAM/PAMM accounts available) |
💴Minor Account Currencies | USD, EUR, GBP, AUD, SGD |
💵Minimum Deposit | $50 |
⏱️Average Deposit/Withdrawal Processing Time | 1 - 3 business days |
💳Fund Withdrawal Fee | None, but third-party fees may apply |
✏️Spreads | 0.0 pips |
💵Commissions | From $3 per lot (round turn) |
5️⃣Number of Base Currencies Supported | 5 |
💷Swap Fees | ✅Yes |
⬆️Leverage | Up to 1:500 |
📉Margin Requirements | Varies by instrument |
☪️Islamic Account (Swap-Free) | ✅Yes |
🆓Demo Account | ✅Yes |
⏱️Order Execution Time | < 30ms |
🖥️VPS Hosting | ✅Yes (free for eligible accounts) |
📊CFDs - Total Offered | 1000+ |
🖋️CFD Stock Indices | 15+ |
👉CFD Commodities | 20+ |
🌟CFD Shares | 500+ |
💷Deposit Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
💶Withdrawal Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
📊Trading Platforms | MetaTrader 4 MetaTrader 5 ProTrader |
📱OS Compatibility | Windows macOS iOS Android |
🔩Forex Trading Tools | Autochartist Trading Central VPS |
🫴🏻Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes |
💻Customer Support Email Address | support@vantagefx.com |
☎️Customer Support Contact Number | +44 2080 363 883 |
🌟Social Media Platforms | Facebook |
⚙️Languages Supported on Website | Multiple languages, including English Chinese Spanish |
🎓Education and Research | ✅Yes |
✏️Forex Course | ✅Yes |
🖥️Webinars | ✅Yes |
📖Educational Resources | Articles Video Tutorials Market Analysis |
🤝Affiliate Program | ✅Yes |
📍Amount of Partners | Not publicly disclosed |
🫶IB Program | ✅Yes |
🎁Sponsorships | ✅Yes (various sporting events and teams) |
🎀Rebate Program | ✅Yes |
💰Cent or Micro Accounts | ✅Yes (Micro accounts available) |
🚀Open an Account | 👉 Click Here |
Fees, Spreads, and Commissions
With Vantage FX, traders can expect competitive spreads from 0.0 pips, ultra-low commissions from $2, and high maximum leverage up to 1:500.
Pros and Cons
✅Pros | ❌Cons |
ECN and STP execution | US clients are not accepted |
More than 300 tradable instruments | EU clients have restricted leverage |
Commission-free trading offered | Fixed spreads are not offered |
Frequently Asked Questions
What are the spreads and commissions?
Spreads start from 0.0 pips on Raw ECN accounts, with commissions starting at $3 per lot (round turn).
What platforms does Vantage FX provide?
Vantage FX offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and ProTrader.
Does Vantage FX offer negative balance protection?
Yes, Vantage FX offers negative balance protection to prevent clients from losing more than their account balance.
Are there any withdrawal fees?
Vantage FX does not charge withdrawal fees, though third-party fees may apply.
Our Verdict
Overall, Vantage FX stands out as a reliable and client-focused broker, offering flexible account options, competitive trading conditions, and comprehensive support services.
4. HFM
HFM is one of the most popular forex brokers in the industry and the brand name for HFM (Europe) Ltd. HFM is a multi-asset forex broker with regulation through several reputable market regulators.
🔍Broker | 🥇HFM |
🔢Year Founded | 2010 |
👤Amount of Staff | 200+ |
👥Amount of Active Traders | 2.5 million+ |
📌Publicly Traded | None |
📈Regulation | FSCA DFSA FSA FCA FSC CMA |
🌎Country of Regulation | UK South Africa UAE Seychelles |
🗂️Account Segregation | ✅Yes |
➡️Negative Balance Protection | ✅Yes |
📌Investor Protection Schemes | ✅Yes |
🎉Institutional Accounts | ✅Yes |
👤Managed Accounts | ✅Yes (PAMM/MAM accounts) |
💵Minor Account Currencies | USD EUR GBP JPY AUD ZAR |
💶Minimum Deposit | 0 USD |
⏱️Average Deposit/Withdrawal Processing Time | 1 - 3 business days |
💴Fund Withdrawal Fee | None, but third-party fees may apply |
✏️Spreads | 0.0 pips |
💷Commissions | From $6 per lot (round turn) |
🔢Number of Base Currencies Supported | 12 |
💵Swap Fees | ✅Yes |
⬆️Leverage | Up to 1:1000 |
📉Margin Requirements | Varies by instrument |
☪️Islamic Account (Swap-Free) | ✅Yes |
🆓Demo Account | ✅Yes |
⏰Order Execution Time | < 30ms |
🖥️VPS Hosting | ✅Yes |
📈CFDs - Total Offered | 1,200+ |
📊CFD Stock Indices | 20+ |
✏️CFD Commodities | 20+ |
👉CFD Shares | 950+ |
💳Deposit Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies Local Payment Methods |
💴Withdrawal Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies Local Payment Methods |
📊Trading Platforms | MetaTrader 4 MetaTrader 5 HF App |
🍎OS Compatibility | Windows macOS iOS Android |
🔩Forex Trading Tools | Autochartist Trading Central VPS HFcopy |
🫴🏻Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes |
💻Customer Support Email Address | support@hfm.com |
☎️Customer Support Contact Number | +44 203 097 5796 |
📱Social Media Platforms | Facebook YouTube |
⚙️Languages Supported on Website | Multiple languages, including English, Chinese, Spanish, Arabic |
🎓Education and Research | ✅Yes |
✏️Forex Course | ✅Yes |
🖥️Webinars | ✅Yes |
📖Educational Resources | Articles Video Tutorials eBooks Market Analysis |
🤝Affiliate Program | ✅Yes |
🫶IB Program | ✅Yes |
🎁Sponsorships | ✅Yes |
🎀Rebate Program | ✅Yes |
💰Cent or Micro Accounts | ✅Yes |
🚀Open an Account | 👉 Click Here |
Fees, Spreads, and Commissions
With HFM, traders can expect competitive spreads from 0.0 pips, with commissions from $6 and a high leverage of 1:2000
Pros and Cons
✅Pros | ❌Cons |
Powerful and reliable trading platforms offered | US clients are not accepted |
Frequently Asked Questions
What types of accounts does HFM offer?
HFM offers a variety of account types, including Micro, Premium, Zero Spread, Auto, PAMM (for managed accounts), and Islamic (Swap-Free) accounts.
What are the spreads and commissions on HFM?
Spreads start from 0.0 pips on zero-spread accounts, with commissions starting at $6 per lot (round turn).
How many CFDs does HFM offer?
HFM offers over 1,200 CFDs, including shares, indices, and commodities.
What deposit methods are available?
Deposit options include bank transfer, credit/debit cards, Skrill, Neteller, PayPal, cryptocurrencies, and various local payment methods.
Our Verdict
Overall, HFM is a reliable choice for traders seeking a well-regulated broker with flexible account options, competitive trading conditions, and comprehensive support. Its combination of security, diverse trading instruments, and accessible educational resources makes it a strong contender in the global forex and CFD market.
5. Tickmill
Tickmill is one of the forex brokers that has made a good name for itself in a short time. Established in 2015, Tickmill is a multi-regulated online broker that offers both retail and institutional traders access to global financial markets.
🔍Broker | 🥇Tickmill |
🔢Year Founded | 2014 |
👤Amount of Staff | 100+ |
👥Amount of Active Traders | 100,000+ |
📌Publicly Traded | None |
📉Regulation | CySEC FCA FSA FSCA Labuan FSA |
🌎Country of Regulation | UK Cyprus Seychelles |
🗂️Account Segregation | ✅Yes |
📍Negative Balance Protection | ✅Yes |
🌟Investor Protection Schemes | ✅Yes(up to €50,000 under FCA regulation) |
➡️Institutional Accounts | ✅Yes |
🫴🏻Managed Accounts | ✅Yes (PAMM accounts available) |
💵Minor Account Currencies | USD EUR GBP JPY AUD CAD |
💴Minimum Deposit | $100 |
⏱️Average Deposit/Withdrawal Processing Time | 1 - 3 business days |
💷Fund Withdrawal Fee | None, but third-party fees may apply |
✏️Spreads | 0.0 pips |
💶Commissions | From $2 per lot (round turn) |
5️⃣Number of Base Currencies Supported | 5 |
💴Swap Fees | ✅Yes |
⬆️Leverage | Up to 1:500 |
📉Margin Requirements | Varies by instrument |
☪️Islamic Account (Swap-Free) | ✅Yes |
🆓Demo Account | ✅Yes |
⏰Order Execution Time | < 1 ms |
🖥️VPS Hosting | ✅Yes (free for eligible accounts) |
✏️CFDs - Total Offered | 300+ |
📊CFD Stock Indices | 15+ |
📈CFD Commodities | 20+ |
🖋️CFD Shares | 100+ |
💳Deposit Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
💶Withdrawal Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
👉Trading Platforms | MetaTrader 4 MetaTrader 5 |
🍎OS Compatibility | Windows macOS iOS Android |
🔩Forex Trading Tools | Autochartist Trading Central VPS |
🌟Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes |
💻Customer Support Email Address | support@tickmill.com |
☎️Customer Support Contact Number | +44 20 8089 0375 |
📱Social Media Platforms | Facebook |
⚙️Languages Supported on Website | Multiple languages, including English, Chinese, Spanish |
🎓Education and Research | ✅Yes |
✏️Forex Course | ✅Yes |
💻Webinars | ✅Yes |
📖Educational Resources | Articles Video Tutorials Market Analysis |
🤝Affiliate Program | ✅Yes |
👍Amount of Partners | Not publicly disclosed |
🫶IB Program | ✅Yes |
🎁Sponsorships | ✅Yes (various sporting events and teams) |
🎀Rebate Program | ✅Yes |
💰Cent or Micro Accounts | ✅Yes |
🚀Open an Account | 👉 Click Here |
Fees, Spreads, and Commissions
The average spreads that traders can expect are competitive and in ideal market conditions, they start from as low as 0.0 pips. Commissions charged start from as little as $1, and traders can expect an industry-standard minimum deposit of $100.
Pros and Cons
✅Pros | ❌Cons |
Multi-regulated | US clients not accepted |
Negative balance protection provided for retail accounts | Restricted leverage for EU clients |
Client fund segregation | Fixed spreads not offered |
Commission-free trading offered | Limited educational material |
VPS and FIX API offered | Cryptocurrency trading not offered |
Frequently Asked Questions
What is the minimum deposit required to open an account with Tickmill?
The minimum deposit required is $100.
What trading platforms does Tickmill provide?
Tickmill provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
How long does it take for withdrawals to be processed?
Withdrawals are typically processed within 1 to 3 business days.
Does Tickmill provide educational resources?
Yes, Tickmill offers educational resources including webinars, video tutorials, articles, and market analysis.
Our Verdict
Overall, Tickmill is a reliable choice for traders seeking a well-regulated broker with flexible account options, competitive trading conditions, and comprehensive support. With robust regulatory oversight from respected authorities such as the FCA (UK), CySEC (Cyprus), and FSA (Seychelles), Tickmill ensures a secure trading environment with client funds held in segregated accounts and negative balance protection.
6. RoboForex
RoboForex is a popular Belize-based forex broker that has been in operation since 2009. As a Market Maker, STP, and ECN forex broker, RoboForex is well-known for offering competitive trading conditions to both beginner traders and professionals alike.
🔍Broker | 🥇RoboForex |
🔢Year Founded | 2009 |
👤Amount of Staff | 200+ |
👥Amount of Active Traders | 1,000,000+ |
📌Publicly Traded | None |
📈Regulation | IFSC |
🌎Country of Regulation | Belize, Cyprus |
🗂️Account Segregation | ✅Yes |
➡️Negative Balance Protection | ✅Yes |
🌟Investor Protection Schemes | ✅Yes (up to €20,000 under CySEC regulation) |
💡Institutional Accounts | ✅Yes |
👉Managed Accounts | ✅Yes |
💵Minor Account Currencies | USD EUR GBP CHF CNY GOLD |
💴Minimum Deposit | $10 |
⏱️Average Deposit/Withdrawal Processing Time | 1 - 2 business days |
💶Fund Withdrawal Fee | None, but third-party fees may apply |
✏️Spreads | 0.0 pips |
💷Commissions | From $2 per lot (round turn) |
6️⃣Number of Base Currencies Supported | 6 |
💸Swap Fees | ✅Yes |
⬆️Leverage | Up to 1:2000 |
📉Margin Requirements | Varies by instrument |
☪️Islamic Account (Swap-Free) | ✅Yes |
🆓Demo Account | ✅Yes |
⏰Order Execution Time | < 1 second |
🖥️VPS Hosting | ✅Yes (free for eligible accounts) |
📊CFDs - Total Offered | 12,000+ |
📈CFD Stock Indices | 10+ |
➡️CFD Commodities | 20+ |
👍CFD Shares | 12,000+ |
💵Deposit Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
💶Withdrawal Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
📊Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader R Trader |
🍎OS Compatibility | Windows macOS iOS Android |
🔩Forex Trading Tools | Autochartist Trading Central VPS |
🫴🏻Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes |
💻Customer Support Email Address | info@roboforex.com |
☎️Customer Support Contact Number | +44 20 3745 7949 |
📱Social Media Platforms | Facebook YouTube |
⚙️Languages Supported on Website | Multiple languages, including English Spanish Chinese |
🎓Education and Research | ✅Yes |
✏️Forex Course | ✅Yes |
💻Webinars | ✅Yes |
📖Educational Resources | Articles Video Tutorials Market Analysis |
🤝Affiliate Program | ✅Yes |
👥Amount of Partners | Not publicly disclosed |
🫶IB Program | ✅Yes |
🎁Sponsorships | ✅Yes (various sporting events and teams) |
🫰🏻Rebate Program | ✅Yes |
💰Cent or Micro Accounts | ✅Yes |
🚀Open an Account | 👉 Click Here |
Fees, Spreads, and Commissions
RoboForex offers tight, variable spreads that start from 0.0 pips, with ultra-low commission charges from $0.0045 on US Stocks.
Pros and Cons
✅Pros | ❌Cons |
Negative balance protection applied to retail accounts | US clients not accepted |
Multi-award-winning broker | EU clients have restricted leverage |
More than 9,400 tradable instruments | Fixed spreads not offered |
Frequently Asked Questions
What is the minimum deposit required to open an account with RoboForex?
The minimum deposit starts at $10, making it accessible for new traders.
Are there any fees for deposits or withdrawals?
RoboForex does not charge internal fees for deposits, and there are no withdrawal fees, though third-party fees may apply.
How many CFDs does RoboForex offer?
RoboForex offers over 12,000 CFDs, including stocks, indices, and commodities.
Is customer support available 24/7?
Yes, RoboForex offers 24/7 customer support via live chat, email, and phone.
Our Verdict
Overall, RoboForex is a reliable and versatile broker, particularly appealing to those looking for high leverage, flexible account options, and access to a broad range of trading instruments. The broker stands out with its high leverage of up to 1:2000, low minimum deposit requirement of just $10, and a range of platforms including MetaTrader 4, MetaTrader 5, cTrader, and R Trader.
7. XM
XM is one of the most popular, well-established, multi-regulated forex brokers in the industry with a global presence in more than 196 countries worldwide.
🔍Broker | 🥇XM |
🔢Year Founded | 2009 |
👤Amount of Staff | 600+ |
👥Amount of Active Traders | 5,000,000+ |
📌Publicly Traded | None |
📈Regulation | CySEC (Cyprus) ASIC (Australia) IFSC (Belize) FCA (UK) |
🌎Country of Regulation | Cyprus Australia Belize UK |
🗂️Account Segregation | ✅Yes |
➡️Negative Balance Protection | ✅Yes |
💙Investor Protection Schemes | ✅Yes, up to €20,000 under CySEC |
➡️Institutional Accounts | None |
🫴🏻Managed Accounts | None |
💴Minor Account Currencies | USD EUR GBP JPY CHF AUD HUF PLN |
💵Minimum Deposit | $5 |
⏰Average Deposit/Withdrawal Processing Time | Within 24 hours |
💷Fund Withdrawal Fee | None, but third-party fees may apply |
✏️Spreads | 0.6 pips |
💶Commissions | Zero on Standard and Micro accounts commission on Zero accounts |
🔢Number of Base Currencies Supported | 11 |
💸Swap Fees | ✅Yes |
⬆️Leverage | Up to 1:1000 |
📉Margin Requirements | Varies by instrument and account type |
☪️Islamic Account (Swap-Free) | ✅Yes |
🆓Demo Account | ✅Yes |
⏱️Order Execution Time | < 1 second |
🖥️VPS Hosting | ✅Yes (free for eligible accounts) |
📍CFDs - Total Offered | 1,000+ |
📈CFD Stock Indices | 30+ |
➡️CFD Commodities | 15+ |
📊CFD Shares | 1,200+ |
💳Deposit Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
💴Withdrawal Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
💡Trading Platforms | MetaTrader 4 MetaTrader 5 XM WebTrader |
🍎OS Compatibility | Windows macOS iOS Android |
🔩Forex Trading Tools | Autochartist Trading Signals VPS |
🫴🏻Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes |
💻Customer Support Email Address | support@xm.com |
☎️Customer Support Contact Number | +357 25029933 |
📱Social Media Platforms | Facebook YouTube |
⚙️Languages Supported on Website | 30+ languages |
🎓Education and Research | ✅Yes |
✏️Forex Course | ✅Yes |
💻Webinars | ✅Yes |
📖Educational Resources | Articles Video Tutorials Market Analysis |
🤝Affiliate Program | ✅Yes |
👥Amount of Partners | Not publicly disclosed |
🫶IB Program | ✅Yes |
🎁Sponsorships | ✅Yes (various events and teams) |
🫰🏻Rebate Program | ✅Yes |
💰Cent or Micro Accounts | ✅Yes (Micro accounts available) |
🚀Open an Account | 👉 Click Here |
Fees, Spreads, and Commissions
XM charges tight spreads from 0.6 Pips, commission-free trading depending on the account traders select and high leverage up to 1:1000. (The maximum leverage for clients registered under the EU (CySEC), AU (ASIC) and Mena (DFSA) regulated entity of the Group is 30:1. Leverage depends on the financial instrument traded.)
Pros and Cons
✅Pros | ❌Cons |
Multi-award winning | No US clients |
Well-regulated | No fixed spreads |
Flexible funding methods | Low Inactivity fees on dormant accounts |
Frequently Asked Questions
Can I open a demo account with XM?
Yes, XM provides demo accounts with $100,000 virtual funds to practice trading.
Does XM offer negative balance protection?
Yes, XM offers negative balance protection to ensure clients do not lose more than their deposited amount.
What trading platforms are available at XM?
XM offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and XM WebTrader.
What is the minimum deposit required to open an account with XM?
The minimum deposit is as low as $5.
Our Verdict
Overall, XM is a versatile and client-focused broker that provides a secure trading environment, diverse trading instruments, and robust support services. XM’s low minimum deposit of $5, high leverage of up to 1:1000, and competitive spreads starting from 0.6 pips make it accessible and attractive to a wide range of traders.
8. Blueberry Markets
Blueberry Markets is a well-regulated ECN and STP broker based in Australia. With Blueberry Markets, traders are offered a choice between more than 350 financial instruments and access to the powerful, popular MetaTrader trading platforms.
🔍Broker | 🥇Blueberry Markets |
🔢Year Founded | 2016 |
👤Amount of Staff | 50+ |
👥Amount of Active Traders | 30,000+ |
📌Publicly Traded | None |
📈Regulation | ASIC (Australia) SCB (Bahamas) |
🌎Country of Regulation | Australia Bahamas |
🗂️Account Segregation | ✅Yes |
🌟Negative Balance Protection | ✅Yes |
💙Investor Protection Schemes | None |
➡️Institutional Accounts | None |
🫴🏻Managed Accounts | None |
💴Minor Account Currencies | USD AUD EUR GBP NZD SGD CAD |
💵Minimum Deposit | $100 |
⏰Average Deposit/Withdrawal Processing Time | Within 24 hours |
💷Fund Withdrawal Fee | None |
✏️Spreads | 0.0 pips |
💶Commissions | From $7 per lot |
7️⃣Number of Base Currencies Supported | 7 |
💸Swap Fees | ✅Yes |
⬆️Leverage | Up to 1:500 |
📉Margin Requirements | Varies by instrument and account type |
☪️Islamic Account (Swap-Free) | ✅Yes |
🆓Demo Account | ✅Yes |
⏱️Order Execution Time | < 0.1 second |
💻VPS Hosting | Available for eligible clients |
🫴🏻CFDs - Total Offered | 300+ |
➡️CFD Stock Indices | 10+ |
💡CFD Commodities | 5+ |
📊CFD Shares | 150+ |
💷Deposit Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal |
💳Withdrawal Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal |
📊Trading Platforms | MetaTrader 4 MetaTrader 5 |
🍎OS Compatibility | Windows macOS iOS Android |
🔩Forex Trading Tools | Trading Central Economic Calendar VPS |
🫴🏻Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes |
💻Customer Support Email Address | support@blueberrymarkets.com |
☎️Customer Support Contact Number | +61 2 8404 9483 |
📱Social Media Platforms | Facebook YouTube |
⚙️Languages Supported on Website | English Chinese Spanish |
🎓Education and Research | ✅Yes |
✏️Forex Course | ✅Yes |
💻Webinars | ✅Yes |
📖Educational Resources | Articles Video Tutorials Market Analysis |
🤝Affiliate Program | ✅Yes |
👥Amount of Partners | Not publicly disclosed |
🫰🏻IB Program | ✅Yes |
🎁Sponsorships | No notable sponsorships |
🎀Rebate Program | ✅Yes |
💰Cent or Micro Accounts | ✅Yes |
🚀Open an Account | 👉 Click Here |
Fees, Spreads, and Commissions
Blueberry Markets offers ECN solutions, commission-free trading options, and reliable trade execution speeds. The variable spreads that traders can expect are as low as 0.0 pips, with commission charges from $7 round turn.
Pros and Cons
✅Pros | ❌Cons |
Tight spreads and reliable trade execution | US clients are not accepted |
Frequently Asked Questions
What trading platforms are available at Blueberry Markets?
Blueberry Markets offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.
What are the spreads and commissions at Blueberry Markets?
Spreads start from 0.0 pips for Direct accounts, with a commission starting at $7 per lot.
What is the minimum deposit required to open an account with Blueberry Markets?
The minimum deposit is $100.
Are there any withdrawal fees?
Blueberry Markets does not charge any withdrawal fees, but third-party fees may apply.
Our Verdict
Overall, Blueberry Markets stands out for its client-centric approach, regulatory oversight, and comprehensive trading offerings, making it a reliable choice for traders looking for a trustworthy and efficient broker.
9. Axi
Established in 2007, Axi is a multi-regulated, popular STP and ECN broker based in Australia and the United Kingdom. Axi is an award-winning broker that was created by professional traders for other traders.
🔍Broker | 🥇Axi |
🔢Year Founded | 2007 |
👤Amount of staff | 200+ |
👥Amount of active traders | 60,000+ |
📌Publicly Traded | None |
📈Regulation | ASIC (Australia) FCA (UK) DFSA (UAE) FMA (New Zealand) |
🌎Country of regulation | Australia United Kingdom United Arab Emirates New Zealand |
🗂️Account Segregation | ✅Yes |
🌟Negative balance protection | ✅Yes |
💙Investor Protection Schemes | ✅Yes (for UK clients under the FCA scheme) |
📍Institutional Accounts | ✅Yes |
🫴🏻Managed Accounts | None |
💴Minor account currencies | EUR USD GBP AUD CHF JPY NZD |
💵Minimum Deposit | $0 |
⏰Average deposit/withdrawal processing time | 1-3 business days |
💳Fund Withdrawal Fee | No internal fees, but third-party charges may apply |
✏️Spreads | 0.0 pips (Raw Account) |
💶Commissions | From $7 per lot (Raw Account) |
🔢Number of base currencies supported | 11 |
💷Swap Fees | Applicable (Swap-Free options available) |
⬆️Leverage | Up to 1:500 (depending on the region and account type) |
📉Margin requirements | Varies based on leverage and instrument |
☪️Islamic account (swap-free) | ✅Yes |
🆓Demo Account | ✅Yes (Unlimited, Free) |
⏱️Order Execution Time | Less than 0.1 second |
🖥️VPS Hosting | ✅Yes (Free for eligible clients) |
🚩CFDs-Total Offered | 130+ |
📈CFD Stock Indices | 11 |
👉CFD Commodities | 16 |
📊CFD Shares | 70+ |
💶Deposit Options | Bank transfer Credit/Debit Cards Skrill Neteller POLi PayPal, etc. |
💴Withdrawal Options | Bank transfer Credit/Debit Cards Skrill Neteller PayPal, etc. |
📊Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) Axi One (Custom platform) |
🍎OS Compatibility | Windows MacOS iOS Android |
🔩Forex trading tools | Autochartist PsyQuation Economic Calendar VPS Trading Central, etc. |
🫴🏻Customer Support | ✅Yes |
🗣️Live chat availability | ✅Yes |
💻Customer Support Email address | service@axi.com |
☎️Customer Support Contact Number | +61 2 9965 5830 (Australia) +44 203 544 9646 (UK) |
📱Social media Platforms | Facebook |
⚙️Languages supported on Axi Website | English Spanish German French Italian Portuguese Chinese, and more |
🎓Education and Research | ✅Yes |
✏️Forex Courses | ✅Yes |
💻Webinars | ✅Yes |
📖Educational Resources | Video tutorials Articles eBooks Market Analysis |
🤝Affiliate program | ✅Yes |
👥Amount of partners | Thousands globally |
🫰🏻IB Program | ✅Yes |
🎁Sponsorships | None |
🎀Rebate program | ✅Yes |
💰Cent or Micro Accounts? | None (Offers standard and pro accounts with different features) |
🚀Open an Account | 👉 Click Here |
Fess, Spreads, and Commissions
Axi charges floating spreads from 0.0 pips, with commissions from $3.5 per side or $7 per round turn.
Pros and Cons
✅Pros | ❌Cons |
User-friendly trading solutions | No US clients |
Commission-free trading | Restricted leverage for EU clients |
Frequently Asked Questions
What leverage does Axi offer?
Axi offers leverage of up to 1:500, depending on the account type, instrument, and regulatory jurisdiction.
Does Axi offer a demo account?
Yes, Axi provides a free, unlimited demo account for traders to practice and develop their trading strategies.
Does Axi offer educational resources?
Yes, Axi offers a variety of educational resources, including webinars, video tutorials, eBooks, articles, and market analysis, to help traders improve their skills.
Does Axi have a partnership or affiliate program?
Yes, Axi offers both an Affiliate Program and an Introducing Broker (IB) Program, providing attractive commissions and rebates for partners.
Our Verdict
Axi supports its clients with multiple deposit and withdrawal methods, no internal fees, and a robust customer support system available 24/5 via live chat, email, and phone. Axi provides rewarding Affiliate and IB programs with competitive commissions and rebates.
10. FBS
Established in 2009, FBS is one of the most trusted STP and ECN forex brokers in the industry. FBS offers the trade of a vast number of instruments and offers both professional and beginner traders competitive trading conditions.
🔍Broker | 🥇FBS |
🔢Year Founded | 2009 |
👤Amount of Staff | 300+ |
👥Amount of Active Traders | Over 17 million |
📌Publicly Traded | None |
📈Regulation | FSC CySEC ASIC |
🌎Country of Regulation | Belize Cyprus |
🗂️Account Segregation | ✅Yes |
🌟Negative Balance Protection | ✅Yes |
💙Investor Protection Schemes | ✅Yes, under CySEC regulations |
➡️Institutional Accounts | None |
🫴🏻Managed Accounts | None |
💴Minor Account Currencies | USD EUR JPY GBP, and more |
💵Minimum Deposit | $1 |
⏰Average Deposit/Withdrawal Time | Instant to 48 hours |
💳Fund Withdrawal Fee | No fees for most methods |
✏️Spreads from | 0.0 pips |
💷Commissions | From $0 to $20 per lot, depending on account type |
5️⃣Number of Base Currencies | 5+ |
💶Swap Fees | Applicable on most accounts except for Islamic accounts |
⬆️Leverage | Up to 1:3000 |
📉Margin Requirements | Depends on leverage and account type |
☪️Islamic Account (Swap-free) | ✅Yes |
🆓Demo Account | ✅Yes |
⏱️Order Execution Time | From 0.3 seconds |
🖥️VPS Hosting | ✅Yes |
🫴🏻CFDs-Total Offered | 200+ |
👉CFD Stock Indices | ✅Yes |
📈CFD Commodities | ✅Yes |
📊CFD Shares | ✅Yes |
💴Deposit Options | Bank transfer Credit/debit cards e-wallets (Neteller, Skrill, etc.) local payment systems |
💳Withdrawal Options | Bank transfer Credit/debit cards e-wallets (Neteller, Skrill, etc.) local payment systems |
↪️Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) FBS Trader App |
🍎OS Compatibility | Windows macOS iOS Android |
🔩Forex Trading Tools | Economic calendar Forex calculators Market analysis VPS Trading signals |
🫴🏻Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes, 24/7 |
💻Customer Support Email Address | support@fbs.com |
☎️Customer Support Contact Number | Callback Option |
📱Social Media Platforms | Facebook YouTube Telegram |
⚙️Languages Supported on Website | 20+ (including English, Spanish, Portuguese, Chinese, Arabic, etc.) |
🎓Education and Research | ✅Yes |
✏️Forex Course | ✅Yes |
💻Webinars | ✅Yes |
📖Educational Resources | Articles videos eBooks webinars tutorials |
🤝Affiliate Program | ✅Yes |
👥Amount of Partners | 450,000+ |
🫰🏻IB Program | ✅Yes |
🎁Sponsorships | No significant sponsorships |
🎀Rebate Program | ✅Yes |
💰Cent or Micro Accounts | ✅Yes |
🚀Open an Account | 👉 Click Here |
Fees, Spreads, and Commissions
FBS is a broker that caters to the trading needs of both retail traders and professionals with 0-pip spreads, low commission charges, and high maximum leverage up to 1:3000.
Pros and Cons
✅Pros | ❌Cons |
Low minimum deposit requirement | US, Japan, Israel, Canada, and some other regions not accepted |
Range of trading instruments | High spreads on cent accounts |
CopyTrade offered | Inactivity fee charged |
Frequently Asked Questions
Does FBS offer a rebate or cashback program?
Yes, FBS has a rebate program where traders can receive cashback on their trades.
Does FBS provide VPS hosting services?
Yes, FBS offers free VPS hosting for eligible clients to ensure a stable trading environment with low latency.
What types of accounts does FBS offer?
FBS provides several account types, including Standard, Cent, Micro, Zero Spread, and ECN accounts, each catering to different trading needs and experience levels.
Does FBS offer Islamic (swap-free) accounts?
Yes, FBS offers Islamic (swap-free) accounts for traders who wish to trade without swap or rollover fees.
Our Verdict
FBS combines competitive trading conditions, regulatory security, and extensive support to provide a well-rounded trading experience suitable for all levels of traders. The availability of Cent accounts, Islamic accounts, and a demo account further solidifies its position as a versatile broker catering to the diverse needs of traders.
11. OctaFX
Octa is a popular forex broker that is based in Saint Vincent and the Grenadines. Octa offers a choice of flexible investor accounts that suit all experience levels.
🔍Broker | 🥇OctaFX |
🔢Year Founded | 2011 |
👤Amount of Staff | 300+ |
👥Amount of Active Traders | Over 1.5 million |
📌Publicly Traded | None |
📈Regulation | Unregulated |
🌎Country of Regulation | N/A |
🗂️Account Segregation | ✅Yes |
❌Negative Balance Protection | ✅Yes |
💙Investor Protection Schemes | None |
➡️Institutional Accounts | None |
🫴🏻Managed Accounts | None |
💴Minor Account Currencies | EUR USD |
💵Minimum Deposit | $25 |
⏰Average Deposit/Withdrawal Processing Time | Within 1-3 hours |
💳Fund Withdrawal Fee | No fees |
✏️Spreads from | 0.6 pips |
💶Commissions | Zero commissions |
2️⃣Number of Base Currencies Supported | 2 (USD, EUR) |
💷Swap Fees | ✅Yes |
⬆️Leverage | Up to 1:500 |
📉Margin Requirements | Varies by account type and leverage |
☪️Islamic Account (Swap-Free) | ✅Yes |
🆓Demo Account | ✅Yes |
⏱️Order Execution Time | 0.1 seconds |
🖥️VPS Hosting | ✅Yes (free upon meeting conditions) |
➡️CFDs-Total Offered | 200+ |
📈CFD Stock Indices | ✅Yes |
👉CFD Commodities | ✅Yes |
📊CFD Shares | ✅Yes |
💴Deposit Options | Bank Transfer Credit/Debit Card E-Wallets Crypto |
💳Withdrawal Options | Bank Transfer Credit/Debit Card E-Wallets Crypto |
📊Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) OctaFX WebTrader |
🍎OS Compatibility | Windows MacOS Android iOS |
🔩Forex Trading Tools | Economic Calendar Trading Calculators CopyTrading |
🫴🏻Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes |
💻Customer Support Email Address | support@octafx.com |
☎️Customer Support Contact Number | Not publicly listed |
📱Social Media Platforms | Facebook YouTube |
⚙️Languages Supported on Website | English Spanish Portuguese Indonesian Hindi Urdu Chinese, and more |
🎓Education and Research | ✅Yes |
✏️Forex Course | ✅Yes |
🖥️Webinars | ✅Yes |
📖Educational Resources | Articles Video Tutorials Market Analysis |
🤝Affiliate Program | ✅Yes |
👤Amount of Partners | Not disclosed |
🫰🏻IB Program | ✅Yes |
🎁Sponsorships | ✅Yes, sponsored motorsports and esports events |
🎀Rebate Program | ✅Yes |
💰Cent or Micro Accounts | ✅Yes |
🚀Open an Account | 👉 Click Here |
Fees, Spreads, and Commissions
With Octa, traders are charged with low and variable spreads that start from 0.0 pips, with ultra-low commissions from $0.02, and decent leverage up to 1:500.
Pros and Cons
✅Pros | ❌Cons |
Sophisticated trading platforms | No UK or US clients |
Frequently Asked Questions
Does OctaFX offer a demo account?
Yes, OctaFX offers a free demo account that allows traders to practice trading without risking real money.
Does OctaFX offer an Islamic (swap-free) account?
Yes, OctaFX offers Islamic (swap-free) accounts for traders who follow Sharia law.
Does OctaFX provide VPS hosting?
Yes, OctaFX offers VPS hosting for free, provided traders meet certain trading volume conditions.
Does OctaFX provide educational resources?
Yes, OctaFX provides a wide range of educational resources, including webinars, articles, video tutorials, and market analysis.
Our Verdict
While OctaFX lacks formal regulatory oversight, its user-centric approach, low-cost trading environment, and robust customer support make it a strong choice for many traders around the world.
12. IC Markets
IC Markets has been in operation since 2007 and is one of the largest ECN forex brokers in the industry with rapid trade execution speeds, deep liquidity, and a range of reliable liquidity providers.
🔍Broker | 🥇IC Markets |
🔢Year Founded | 2007 |
👤Amount of Staff | Over 200 |
👥Amount of Active Traders | Over 200,000 |
📌Publicly Traded | None |
📈Regulation | ASIC CySEC FSA SCB |
🌎Country of Regulation | Australia Cyprus Seychelles |
🗂️Account Segregation | ✅Yes |
🌟Negative Balance Protection | ✅Yes (varies by regulation) |
💙Investor Protection Schemes | ✅Yes (under CySEC regulation) |
➡️Institutional Accounts | ✅Yes |
🫴🏻Managed Accounts | None |
💴Minor Account Currencies | AUD USD EUR GBP SGD JPY CHF NZD HKD CAD |
💵Minimum Deposit | $200 |
⏰Average Deposit/Withdrawal Processing Time | 1-2 business days |
💳Fund Withdrawal Fee | None |
✏️Spreads from | 0.0 pips (Raw Spread Account) |
💶Commissions | $3.5 per side per lot (Raw Spread Account) |
🔟Number of Base Currencies Supported | 10 |
💷Swap Fees | ✅Yes |
⬆️Leverage | Up to 1:500 |
📉Margin Requirements | Depends on leverage and instrument |
☪️Islamic Account (Swap-Free) | ✅Yes |
🆓Demo Account | ✅Yes |
⏰Order Execution Time | 40 milliseconds |
🖥️VPS Hosting | ✅Yes (free under certain trading conditions) |
📈CFDs-Total Offered | Over 2,000 |
↪️CFD Stock Indices | ✅Yes |
👉CFD Commodities | ✅Yes |
📊CFD Shares | ✅Yes |
💴Deposit Options | Bank Transfer Credit/Debit Cards PayPal Skrill Neteller UnionPay, etc. |
💳Withdrawal Options | Bank Transfer Credit/Debit Cards PayPal Skrill Neteller UnionPay, etc. |
📊Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) cTrader |
🍎OS Compatibility | Windows Mac iOS Android |
✏️Forex Trading Tools | Market analysis Economic calendar VPS Autochartist Myfxbook |
🫴🏻Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes |
💻Customer Support Email Address | support@icmarkets.com |
☎️Customer Support Contact Number | +61 (0)2 8014 4280 |
📱Social Media Platforms | Facebook YouTube |
⚙️Languages Supported on Website | English Chinese Spanish French German, and more |
🎓Education and Research | ✅Yes |
✏️Forex Course | ✅Yes |
🖥️Webinars | ✅Yes |
📖Educational Resources | Articles video tutorials eBooks webinars FAQs |
🤝Affiliate Program | ✅Yes |
👤Amount of Partners | Not specified |
🫰🏻IB Program | ✅Yes |
🎁Sponsorships | No known sponsorships |
🎀Rebate Program | ✅Yes |
💰Cent or Micro Accounts | None |
🚀Open an Account | 👉 Click Here |
Fees, Spreads, and Commissions
IC Markets is multi-regulated by trusted market regulators and offers retail traders a choice in trading accounts with commission-free trading options available.
In addition to this, traders are also offered competitive spreads from 0.0 pips, low commission charges, and high leverage ratios.
Pros and Cons
✅Pros | ❌Cons |
Well-regulated | No fixed spreads |
Low trading and non-trading fees | No US clients |
Frequently Asked Questions
Does IC Markets have any rebate or loyalty programs?
Yes, IC Markets offers a rebate program for partners and clients who qualify under their Introducing Broker (IB) program.
What types of accounts does IC Markets offer?
IC Markets offers three main types of accounts: Standard Account, Raw Spread Account, and cTrader Raw Spread Account. Each account type caters to different trading needs and styles.
Are there any withdrawal fees with IC Markets?
IC Markets does not charge withdrawal fees; however, some payment providers may apply their fees.
What trading platforms are available on IC Markets?
IC Markets offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader trading platforms, compatible with Windows, Mac, iOS, and Android devices.
Our Verdict
The broker caters to a wide range of traders, from beginners to experienced professionals, with a variety of account types, including Standard, Raw Spread, and Islamic (swap-free) accounts. Overall, IC Markets is a strong choice for traders looking for reliability, transparency, and a competitive trading environment.
13. Exness
Exness is another popular, well-regulated, and trusted forex broker that offers traders from around the world the chance to participate in global financial markets.
🔍Broker | 🥇Exness |
🔢Year Founded | 2008 |
👤Amount of Staff | 1,200+ |
👥Amount of Active Traders | Over 400,000 |
📌Publicly Traded | None |
📈Regulation | FSA CBCS FSC FSC BVI FSCA CySEC FCA CMA |
🌎Country of Regulation | UK Cyprus South Africa Seychelles Curaçao |
🗂️Account Segregation | ✅Yes |
🌟Negative Balance Protection | ✅Yes |
💙Investor Protection Schemes | ✅Yes as per regulatory requirements |
➡️Institutional Accounts | None |
🫴🏻Managed Accounts | None |
💴Minor Account Currencies | ✅Yes |
💵Minimum Deposit | $10 |
⏰Average Deposit/Withdrawal Processing Time | Instant for most payment methods |
💳Fund Withdrawal Fee | None |
✏️Spreads from | 0.0 pips on Raw Spread accounts |
💶Commissions | From $3.5 per lot on Raw Spread accounts |
🔢Number of Base Currencies Supported | Over 80 |
💷Swap Fees | ✅Yes, swap-free options available for certain accounts |
⬆️Leverage | Up to 1:2000 (unlimited for certain conditions) |
📉Margin Requirements | Variable based on leverage and instruments |
☪️Islamic Account (Swap-Free) | ✅Yes, available upon request |
🆓Demo Account | ✅Yes |
⏰Order Execution Time | 0.01 seconds on average |
🖥️VPS Hosting | ✅Yes available for free on meeting certain criteria |
📈CFDs-Total Offered | Over 100 |
👉CFD Stock Indices | ✅Yes |
📉CFD Commodities | ✅Yes |
📊CFD Shares | ✅Yes |
💴Deposit Options | Bank transfer Credit/debit cards e-wallets Cryptocurrencies |
💳Withdrawal Options | Bank transfer Credit/debit cards e-wallets Cryptocurrencies |
📊Trading Platforms | MetaTrader 4 MetaTrader 5 Exness Web Terminal |
🍎OS Compatibility | Windows Mac iOS Android |
🔩Forex Trading Tools | Technical analysis tools Trading calculators VPS |
🫴🏻Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes, 24/7 |
💻Customer Support Email Address | support@exness.com |
☎️Customer Support Contact Number | Varies by region, generally available on their website |
📱Social Media Platforms | Facebook YouTube |
⚙️Languages Supported on Website | Multiple, including English Chinese Arabic Russian, etc. |
🎓Education and Research | ✅Yes |
✏️Forex Course | ✅Yes online courses available |
🖥️Webinars | ✅Yes |
📖Educational Resources | Articles videos e-books trading guides |
🤝Affiliate Program | ✅Yes |
👤Amount of Partners | Thousands |
🫰🏻IB Program | ✅Yes |
🎁Sponsorships | None |
🎀Rebate Program | ✅Yes |
💰Cent or Micro Accounts | ✅Yes Cent accounts available |
🚀Open an Account | 👉 Click Here |
Fees, Spreads, and Commissions
Exness is known for its tailor-made solutions and financial services alongside a plethora of investing opportunities. Retail traders and institutional investors can expect competitive and variable spreads from as low as 0.0 pips and commissions from $3.5 per lot per side.
Pros and Cons
✅Pros | ❌Cons |
High maximum leverage ratio | Multi-currency accounts not offered |
Well-regulated | No US clients |
Frequently Asked Questions
Are there any fees for deposits and withdrawals?
Exness generally does not charge fees for deposits and withdrawals. However, third-party charges may apply depending on the payment method used.
What customer support options are available at Exness?
Exness provides 24/7 customer support via live chat, email, and phone in multiple languages to cater to its global client base.
Does Exness offer any bonuses or promotions?
Exness does not typically offer bonuses or promotions, focusing instead on providing low-cost trading, competitive spreads, and high-quality services.
Is Exness suitable for beginners?
Yes, Exness is suitable for beginners, offering a low minimum deposit, educational resources, demo accounts, and user-friendly trading platforms.
Our Verdict
With regulation from several top-tier financial authorities, Exness prioritizes client safety and transparency by providing account segregation, negative balance protection, and a robust investor protection framework.
14. FXTM
Established in 2011, FXTM is another popular and well-regulated forex broker that offers trade in more than 250 financial instruments in global markets.
🔍Broker | 🥇FXTM |
🔢Year Founded | 2011 |
👤Amount of Staff | Over 800 |
👥Amount of Active Traders | Over 4 million |
📌Publicly Traded | None |
📈Regulation | FCA CySEC FSC |
🌎Country of Regulation | UK Cyprus South Africa Mauritius |
🗂️Account Segregation | ✅Yes |
🌟Negative Balance Protection | ✅Yes |
💙Investor Protection Schemes | ✅Yes (varies by regulatory entity) |
➡️Institutional Accounts | ✅Yes |
🫴🏻Managed Accounts | None |
💴Minor Account Currencies | USD EUR GBP NGN |
💵Minimum Deposit | $10 for Cent Accounts |
⏰Average Deposit/Withdrawal Processing Time | Instant - 24 hours |
💳Fund Withdrawal Fee | None (but third-party fees may apply) |
✏️Spreads from | 0.0 pips |
💶Commissions | $0 - $4 per lot depending on account type |
4️⃣Number of Base Currencies Supported | 4 |
💷Swap Fees | ✅Yes |
⬆️Leverage | Up to 1:2000 |
📉Margin Requirements | Based on leverage |
☪️Islamic Account (Swap-Free) | ✅Yes |
🆓Demo Account | ✅Yes |
⏰Order Execution Time | 0.05 seconds (Average) |
🖥️VPS Hosting | ✅Yes (Free with conditions) |
📈CFDs-Total Offered | Over 250 |
👉CFD Stock Indices | ✅Yes |
📉CFD Commodities | ✅Yes |
📊CFD Shares | ✅Yes |
💴Deposit Options | Bank transfer Credit/debit cards e-wallets (Skrill Neteller, etc.) |
💳Withdrawal Options | Bank transfer Credit/debit cards e-wallets (Skrill Neteller, etc.) |
📊Trading Platforms | MetaTrader 4 MetaTrader 5 FXTM Trader App |
🍎OS Compatibility | Windows macOS iOS Android |
🔩Forex Trading Tools | Forex calculators VPS Trading signals Market analysis tools |
🫴🏻Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes |
💻Customer Support Email Address | support@fxtm.com |
☎️Customer Support Contact Number | +44 203 734 1098 |
📱Social Media Platforms | Facebook YouTube |
⚙️Languages Supported on Website | 16+ |
🎓Education and Research | ✅Yes |
✏️Forex Course | ✅Yes |
💻Webinars | ✅Yes |
📖Educational Resources | Articles tutorials eBooks Video tutorials |
🤝Affiliate Program | ✅Yes |
👤Amount of Partners | Over 1,000 |
🫰🏻IB Program | ✅Yes |
🎁Sponsorships | No notable current sponsorships |
🎀Rebate Program | ✅Yes |
💰Cent or Micro Accounts | ✅Yes (Cent Account) |
🚀Open an Account | 👉 Click Here |
Fees, Spreads, and Commissions
With FXTM, traders can expect 0-pip spreads and ultra-low commissions, flexible funding methods, and a safe trading environment.
Pros and Cons
✅Pros | ❌Cons |
Well-regulated | Inactivity fee charged |
Flexible trading accounts | US clients not accepted |
Frequently Asked Questions
Does FXTM offer Cent or Micro Accounts?
Yes, FXTM offers Cent Accounts for trading with lower initial deposits and smaller trade sizes.
What trading instruments are available?
FXTM offers over 250 CFDs, including stock indices, commodities, and shares.
What leverage does FXTM offer?
FXTM offers leverage up to 1:2000, depending on the account type and regulatory jurisdiction.
Is there a minimum deposit requirement?
Yes, the minimum deposit varies by account type. For Cent Accounts, it starts at $10.
Our Verdict
FXTM is recognized for its wide range of trading instruments, including over 250 CFDs, and its robust support infrastructure, making it a strong choice for both retail and institutional traders.
15. FXDD
FXDD is a Malta and Mauritius-based ECN and Market Maker forex and CFD broker and a popular name in the industry. With FXDD, traders can expect a plethora of trading opportunities and a selection of useful trading tools that will help traders refine their trading and add a competitive edge.
🔍Broker | 🥇FXDD |
🔢Year Founded | 2002 |
👤Amount of Staff | 100-200 |
👥Amount of Active Traders | Not specified |
📌Publicly Traded | None |
📈Regulation | MFSC MFSA LFSA SBS |
🌎Country of Regulation | United States Malta |
🗂️Account Segregation | ✅Yes |
🌟Negative Balance Protection | ✅Yes |
💙Investor Protection Schemes | Not specified |
➡️Institutional Accounts | Available |
🫴🏻Managed Accounts | Available |
💴Minor Account Currencies | USD EUR GBP AUD JPY, etc. |
💵Minimum Deposit | $100 |
⏰Average Deposit/Withdrawal Processing Time | 1-2 business days |
💳Fund Withdrawal Fee | Varies by method |
✏️Spreads From | 1.0 pips |
💶Commissions | Varies by account type and trading conditions |
6️⃣Number of Base Currencies Supported | 6 |
💷Swap Fees | Varies by currency and account type |
⬆️Leverage | Up to 1:400 |
📉Margin Requirements | Varies by account type and leverage |
☪️Islamic Account (Swap-Free) | Available |
🆓Demo Account | Available |
⏱️Order Execution Time | 1-2 seconds |
🖥️VPS Hosting | Not specified |
📈CFDs-Total Offered | 30+ |
↪️CFD Stock Indices | ✅Yes |
📉CFD Commodities | ✅Yes |
📊CFD Shares | ✅Yes |
💴Deposit Options | Bank transfer Credit/debit cards e-wallets |
💳Withdrawal Options | Bank transfer Credit/debit cards e-wallets |
📊Trading Platforms | MetaTrader 4 MetaTrader 5 |
🍎OS Compatibility | Windows Mac iOS Android |
🔩Forex Trading Tools | Advanced charting, technical indicators, news feeds |
🫴🏻Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes |
💻Customer Support Email Address | support@fxdd.com |
☎️Customer Support Contact Number | Not specified |
📱Social Media Platforms | Facebook |
⚙️Languages Supported on FBS Website | English Spanish Chinese Arabic, etc. |
🎓Education and Research | ✅Yes |
✏️Forex Course | Not specified |
💻Webinars | Not specified |
📖Educational Resources | Trading guides, tutorials, market analysis |
🤝Affiliate Program | ✅Yes |
👤Amount of Partners | Not specified |
🫰🏻IB Program | ✅Yes |
🎁Sponsorships | Not specified |
🎀Rebate Program | Not specified |
💰Cent or Micro Accounts | Not specified |
🚀Open an Account | 👉 Click Here |
Fees, Spreads, and Commissions
Traders are also provided with an in-depth market analysis, educational materials, and competitive trading conditions that consist of tight spreads from 0.0 pips and ultra-low commissions from $0.02 on some major currency pairs.
Pros and Cons
✅Pros | ❌Cons |
Well-regulated | US clients not accepted |
Client funds kept in segregated accounts | Restricted leverage for EU clients |
Negative balance protection applied to retail accounts | Fixed spread accounts not offered |
Member of an investor compensation scheme | Limited funding options |
Frequently Asked Questions
Does FXDD provide negative balance protection?
Negative balance protection is not guaranteed and may depend on the jurisdiction and regulatory requirements.
What are the average deposit and withdrawal processing times at FXDD?
Processing times are not specifically disclosed and may vary.
What is the leverage offered by FXDD?
Leverage information is not readily available and may vary.
What trading platforms does FXDD use?
FXDD typically used platforms like MetaTrader 4, but specifics are not currently available.
Our Verdict
The broker typically supported various trading instruments, including forex and CFDs, but specifics on deposit and withdrawal options, processing times, and associated fees were not explicitly detailed.
What to look for when choosing a Forex Broker with Low Spreads
When traders are looking to start with a forex broker, or they are moving from one to the other, there are some key considerations before choosing one, and the spread is one of these considerations.
The spread is the difference between the bid and ask price and it is indicated in pips. Even though pips are the smallest measurement with which a price can move either up or down, it can make the difference between a profit and a loss, no matter how great or small.
Spreads are typically applied in forex trading rather than a fixed rate or a commission. The spread is how the forex broker makes their profit and traders are subjected to either fixed or floating/variable spreads.
It would seem logical for traders to choose a broker that offers the lowest spreads from a cost-effective point of view. However, this is not the only reason why traders consider brokers that offer low spreads.
Brokers that offer low spreads are ideal for scalpers or day traders who open and close positions in short periods and who make small profits within a single trading day.
Pros and Cons
✅Pros | ❌Cons |
Fast execution speeds due to tight spreads. | Low spreads might be accompanied by higher commissions or fees on trades |
Lower transaction costs due to tight spreads. | Potential for additional costs such as withdrawal fees or inactivity fees. |
Increased potential for profit, especially for short-term traders. | Not all account types may benefit equally from low spreads. |
In Conclusion
Now it is your turn to participate:
- Which low-spread broker from this list do you intend to test out?
- What was the determining factor in your decision to engage with a certain broker?
- Was it because of the Low Spreads or the Pros and Cons?
Regardless, please share your thoughts in the comments below.
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Frequently Asked Questions
Do FP Markets have Cent or Micro Accounts?
FP Markets offers Micro Accounts with smaller trade sizes.
What is the minimum deposit required at Key to Markets?
The minimum deposit varies depending on the account type; it generally starts from $100.
What is the average deposit/withdrawal processing time at Vantage FX?
Deposits are usually processed immediately, while withdrawals can take up to 1-3 business days.
What regulations does HFM adhere to?
HFM is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK.
Is there an Islamic (swap-free) account available at Tickmill?
Yes, Tickmill offers Islamic (swap-free) accounts.
Are there commissions at RoboForex?
Commissions may apply depending on the account type and trading conditions.
What leverage does XM offer?
XM offers leverage up to 1:888.
Does Blueberry Markets offer forex courses?
Blueberry Markets provides educational resources, including forex courses.
Are there any fees for fund withdrawals at AXI?
Withdrawal fees may apply depending on the payment method used.
What are the typical spreads at OctaFX?
Spreads start from 0.4 pips on certain accounts and can vary based on the account type and market conditions.
Is there a rebate program at IC Markets?
Rebate programs may be available; it’s advisable to check with the broker directly.
Does Exness have a partnership program?
Yes, Exness has an Affiliate Program and an Introducing Broker (IB) Program, offering partners competitive commissions and rebates.
Does FXTM offer a demo account?
Yes, FXTM offers demo accounts to practice trading with virtual funds
Does FXDD provide VPS hosting?
Information on VPS hosting is not readily available.
What is the spread and what is a pip?
The spread is the difference between the bid/ask price indicated in pips, which is the smallest measurement with which a price can either move up or down.
What are the tightest spreads offered in Forex?
The tightest spreads that are offered in forex trading is 0.0 pips.
Why are low spreads important in forex trading?
They are important as they mean lower trading costs for traders. They are also ideal for scalpers and day traders who make a profit on quick trades.
Are these Forex brokers well-regulated and safe to use?
Yes, these brokers are some of the best forex brokers in the industry in terms of safety, regulation, and transparency.
Do these forex brokers offer demo accounts?
Most of these forex brokers offer demo accounts that can be used either as practice accounts, or risk-free environments to test and back-test trading strategies.
Are these forex brokers safe to use?
Yes, these forex brokers are well-regulated and guarantee client fund security by using segregated accounts.
Which Forex brokers offer the best low spreads in 2025?
The brokers discussed in this article are the best forex brokers that offer the lowest spreads.