7 Best Lowest Spread/Commissions Fees Brokers

 

The 7 Best Lowest Spread/Commissions Fees Brokers– Rated and Reviewed. We have listed the best Brokers with Lowest Spread and Commissions Fees in 2025*.

 

In this in-depth write-up you will learn:

 

• A List of the 7 Best Lowest Spread/Commissions Fees Brokers
• Pros and Cons of Forex Trading
• What are Low Spreads and Commissions Fees?

 

and much, much more!

 

🔍Forex Broker	🎁Sign Up Here	💵Minimum Deposit	⬆️Leverage
🥇City Index	👉 Click Here	$0 USD	1:30
🥈Swissquote	👉 Click Here	$0 USD	1:100
🥉XM	👉 Click Here	$5 USD	1:1000
🏅Forex.com	👉 Click Here	$100 USD	1:100
🏆XTB	👉 Click Here	$0 USD	1:500
🥇FXCM	👉 Click Here	$50 USD	1:1000
🥈Pepperstone	👉 Click Here	$0 USD	1:200

 

7 Best Lowest Spread/Commissions Fees Brokers (2025)

 

1. ☑️City Index – Overall, The Best Lowest Spread/Commissions Fees Broker
2. ☑️Swissquote – Most Popular ETF Forex Broker
3. ☑️XM – Exceptional Customer Service
4. ☑️Forex.com – Best Mobile Trading App
5. ☑️XTB – Best CFD Forex Broker
6. ☑️FXCM – Best Online Trading Platforms
7. ☑️Pepperstone – Best MT4 Forex Broker

 

 

1. City Index

City Index is a globally recognized forex and CFD broker, established in 1983, and now part of StoneX Group Inc., a Fortune 500 company.

City Index offers Forex spreads starting as low as 0.5 pips for major pairs like EUR/USD, and Indices spreads start at 0.4 points for popular markets like the FTSE 100.

City Index operates on a spread-only model, with no added commissions for forex trades. Commission fees apply for trading stock CFDs, typically 0.08% of the trade value (minimum charges vary by region).

 

🔍Broker	🥇City Index
🔢Year Founded	1983
👤Amount of Staff	Approximately 300
👥Amount of Active Traders	Over 100,000 active traders
📌Publicly Traded	✅Yes, part of the Gain Capital Holdings, Inc.
📈Regulation	FCA, ASIC, MAS FSCS
🌎Country of Regulation	UK, Australia, Singapore
🗂️Account Segregation	✅Yes, segregated client funds
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes, through the FSCS in the UK
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	✅Yes
💴Minor Account Currencies	✅Yes
💵Minimum Deposit	$100 for standard accounts
⏰Average Deposit/Withdrawal Processing Time	1-3 business days for withdrawals
💳Fund Withdrawal Fee	Varies by method; bank withdrawals may incur fees
✏️Spreads From	From 0.5 pips (varies by market conditions)
💷Commissions	Varies; commission-based accounts available
🔢Number of Base Currencies Supported	Over 80 base currencies
💸Swap Fees	✅Yes, applicable on positions held overnight
⬆️Leverage	Up to 1:200 (varies by region and regulation)
📉Margin Requirements	Varies by asset class and leverage
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	Instant execution available
🖥️VPS Hosting	✅Yes, available for traders
🫴🏻CFDs - Total Offered	Over 6,000 instruments
📈CFD Stock Indices	✅Yes, various indices available
📉CFD Commodities	✅Yes, including metals, energies, and agricultural products
📊CFD Shares	✅Yes, access to shares from various markets
💶Deposit Options	Credit/Debit cards, bank transfers, e-wallets
💳Withdrawal Options	Credit/Debit cards, bank transfers
📊Trading Platforms	City Index Platform, MT4, mobile trading app
🍎OS Compatibility	Windows, Mac, iOS, Android
🪛Forex Trading Tools	Economic calendar, charting tools, market analysis
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support.uk@cityindex.com
☎️Customer Support Contact Number	+44 (0) 20 7129 1000
📱Social Media Platforms	Facebook, Twitter, LinkedIn
⚙️Languages Supported on City Index Website	English, Spanish, and several other languages
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes, offered as part of educational resources
🖥️Webinars	✅Yes, regular webinars available
📖Educational Resources	Trading guides, articles, and video tutorials available
🤝Affiliate Program	✅Yes
👥Amount of Partners	Numerous affiliates and partners globally
🫰🏻IB Program	✅Yes
🎁Sponsorships	✅Yes, they have sponsored various trading events
🎀Rebate Program	✅Yes, available for qualifying traders
💰Cent or Micro Accounts	✅Yes, micro accounts available
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅Pros	❌Cons
Regulated and Trusted	Limited Leverage
Fast Execution Speeds	Charges on Inactivity
Multiple Trading Platforms	Limited Advanced Tools for Some Platforms
Low Minimum Deposit	No Social or Copy Trading

 

Frequently Asked Questions

 

What is City Index?

City Index is a globally recognized broker offering forex, CFD, and spread betting services. It is part of StoneX Group Inc., a Fortune 500 company, and has been in operation since 1983.

 

Does City Index offer a demo account?

City Index provides a free demo account with virtual funds for traders to practice and test strategies without risking real money.

 

Are there any inactivity fees?

City Index charges an inactivity fee of $12 per month if no trades are made for 12 months.

 

Does City Index provide negative balance protection?

Yes, City Index offers negative balance protection for retail clients, ensuring they cannot lose more than their deposited funds.

 

 

Our Verdict

The broker’s low spreads, starting at 0.5 pips on forex and 0.4 points on indices, along with its commission-free forex trading, make it an attractive option for cost-conscious traders. City Index supports beginner and professional traders with tools like Trading Central, Autochartist, and educational resources. While it offers many features, traders should be aware of potential fees, such as the inactivity charge, and ensure the services align with their trading goals.

 

 

2. Swissquote

Swissquote is a highly reputable online broker headquartered in Switzerland, offering a range of trading services, including forex, CFDs, stocks, commodities, and cryptocurrencies.

Swissquote offers Forex spreads starting from 0.6 pips for major currency pairs like EUR/USD on the Standard account, and Lower spreads (as low as 0.0 pips) are available on Premium and Professional accounts, but commissions may apply.

Swissquote is Commission-free for most accounts; costs are built into spreads.

 

🔍Broker	🥇Swissquote
🔢Year Founded	1996
👤Amount of Staff	Over 700
👥Amount of Active Traders	Over 400,000
📌Publicly Traded	✅Yes listed on the SIX Swiss Exchange
📉Regulation	FCA
🌎Country of Regulation	Switzerland United Kingdom Dubai Hong Kong
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes depending on the jurisdiction
💙Investor Protection Schemes	✅Yes covered by Financial Services Compensation Scheme (FSCS) and other protections
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	✅Yes
💴Minor Account Currencies	EUR USD CHF GBP, and more
💵Minimum Deposit	$1,000
⏰Average Deposit/Withdrawal Processing Time	1-3 business days
💳Fund Withdrawal Fee	Fees may apply, depending on the method
✏️Spreads from	0.0 pips on Premium accounts, variable on other accounts
💶Commissions	✅Yes, on certain account types and instruments
🔢Number of Base Currencies Supported	Multiple including USD EUR CHF GBP JPY, etc.
💷Swap Fees	✅Yes
⬆️Leverage	Up to 1:100
📉Margin Requirements	Varies by instrument
☪️Islamic Account (Swap-free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	Fast execution, average of less than 0.1 seconds
🖥️VPS Hosting	✅Yes, available for eligible clients
👉CFDs - Total Offered	Over 8,500
📈CFD Stock Indices	20+
📉CFD Commodities	20+
📊CFD Shares	Over 1,000
💸Deposit Options	Bank transfer Credit/Debit Card Skrill Neteller
💳Withdrawal Options	Bank transfer Credit/Debit Card
📊Trading Platforms	MetaTrader 4 MetaTrader 5 Advanced Trader
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Autochartist Advanced Charts Economic Calendar Market News
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	Available via support page on their website
☎️Customer Support Contact Number	+41 44 825 88 88 (Switzerland), +44 20 7186 2600 (UK), and others depending on region
📱Social Media Platforms	Facebook Twitter LinkedIn YouTube
⚙️Languages Supported on Website	Multiple languages including English French German Chinese
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes, available on the website
💻Webinars	✅Yes
📖Educational Resources	Articles eBooks Videos Webinars
🤝Affiliate Program	✅Yes
👥Amount of Partners	Extensive network, exact number not publicly disclosed
🫰🏻IB Program	✅Yes
🎁Sponsorships	✅Yes, Swissquote has partnerships and sponsorships with sports teams like Manchester United FC.
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	None
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅Pros	❌Cons
Strong Regulation	Higher Fees for Smaller Accounts
Advanced Trading Platforms	No US Clients
Competitive Spreads & Fees	Limited Social Trading
Secure & User-Friendly	Complexity for Beginners

 

Frequently Asked Questions

 

Are there any inactivity fees?

Yes, Swissquote charges an inactivity fee of $10 per month if no trades are made for 6 months.

 

Does Swissquote provide trading signals or research tools?

Yes, Swissquote provides comprehensive market research, trading insights, and signals through its platforms. It also offers advanced tools like Autochartist and real-time data feeds.

 

What is the maximum leverage offered?

Swissquote offers leverage up to 1:100 for forex trading. Leverage varies by region and asset type.

 

Does Swissquote offer a demo account?

Yes, Swissquote offers a free demo account for traders to practice trading and test strategies without risking real money.

 

 

Our Verdict

Swissquote’s robust platform choices, including MT4, MT5, and Advanced Trader, alongside research tools like Autochartist and trading signals, provide a comprehensive trading experience. Swissquote is ideal for experienced traders and investors seeking access to diverse global markets, professional-grade tools, and top-tier security.

 

 

3. XM

XM is a globally recognized broker offering trading services in forex, CFDs, commodities, stocks, and cryptocurrencies.

XM’s Forex spreads start from 0.6 pips on Standard and Micro accounts, and Spreads as low as 0.0 pips are available on XM Ultra-Low accounts (available in certain regions).

XM’s Standard and Micro accounts are commission-free, and XM Zero Accounts charge commissions starting at $3.5 per lot per side, with spreads starting at 0.0 pips.

 

🔍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 Twitter LinkedIn Instagram 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

 

 

Pros and Cons

✅Pros	❌Cons
Well-Regulated and Trusted	Limited Product Range
Low Minimum Deposit	Inactivity Fee
MetaTrader 4 & 5 Support	Limited Advanced Trading Tools
Tight Spreads and No Hidden Fees	High Spreads on Micro Accounts

 

Frequently Asked Questions

 

What is XM?

XM is a global online broker offering forex and CFD trading on assets such as stocks, indices, commodities, and cryptocurrencies. Established in 2009, XM is known for its user-friendly platform, competitive pricing, and educational resources.

 

What account types does XM offer?

XM provides four main account types: a Micro Account, a Standard Account, an XM Ultra Low Account, and an XM Zero Account.

 

Does XM offer a demo account?

Yes, XM provides a free demo account with virtual funds for traders to practice and test strategies.

 

What is the minimum deposit required?

The minimum deposit starts at $5 for all account types except the XM Zero Account, which may require higher funding.

 

 

Our Verdict

XM’s robust trading platforms (MT4 and MT5), free trading signals, and extensive educational resources make it an excellent choice for traders seeking value and support. Backed by top-tier regulations and offering a wide range of instruments, XM is a solid choice for anyone looking to trade forex, CFDs, and more in a secure and user-friendly environment.

 

 

4. Forex.com

Forex.com is a globally recognized broker offering trading services in forex, CFDs, commodities, indices, and cryptocurrencies.

Forex.com’s Forex spreads start as low as 0.8 pips on the Standard account. For Commission Accounts, spreads can go as low as 0.2 pips, with a commission of $5 per 100K traded.

Forex.com Commissions Fees: Commission Account: Flat commission of $5 per 100K traded, plus tighter spreads. Standard Account: Commission-free; costs are built into the spreads, DMA Account: Offers raw spreads and custom commissions based on trading volume.

 

🔍Broker	🥇Forex.com
🔢Year Founded	2001
👥Amount of Staff	Approximately 400
👤Amount of Active Traders	Over 100,000
📌Publicly Traded	✅Yes (part of GAIN Capital Holdings, listed on NYSE)
📉Regulation	FCA, CFTC, ASIC
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes (NFA and FCA protections)
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor Account Currencies	✅Yes
💵Minimum Deposit	$100
⏰Average Deposit/Withdrawal Processing Time	1-3 business days
💳Fund Withdrawal Fee	None (may vary by method)
✏️Spreads From	0.8 pips
💷Commissions	None on standard accounts (commission applies for certain accounts)
6️⃣Number of Base Currencies Supported	6 (USD, EUR, GBP, CAD, AUD, JPY)
💸Swap Fees	✅Yes (varies by instrument)
⬆️Leverage	Up to 1:200
📈Margin Requirements	Varies by asset type
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	< 1 second (market orders)
🖥️VPS Hosting	✅Yes (available at an additional cost)
🫴🏻CFDs - Total Offered	Over 2,000
📈CFD Stock Indices	✅Yes
📉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💶Deposit Options	Bank transfer, credit/debit cards, e-wallets (PayPal, Skrill)
💳Withdrawal Options	Bank transfer, credit/debit cards, e-wallets
📊Trading Platforms	Forex.com Trading Platform, MetaTrader 4
🍎OS Compatibility	Windows Mac, iOS, Android
🪛Forex Trading Tools	Charting tools, trading alerts, research tools
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	global.support@forex.com
☎️Customer Support Contact Number	+1 (877) 999-2450
📱Social Media Platforms	Facebook, Twitter, LinkedIn
⚙️Languages Supported on Forex.com Website	English, Spanish, Chinese, Japanese, French, German
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes (various resources available)
🖥️Webinars	✅Yes
📖Educational Resources	Articles, video tutorials, trading guides
🤝Affiliate Program	✅Yes
👥Amount of Partners	Not publicly disclosed
🫰🏻IB Program	✅Yes
🎁Sponsorships	✅Yes (various trading and financial events)
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes (micro accounts available)
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅Pros	❌Cons
Strong Regulatory Oversight	Higher Minimum Deposit for Some Accounts
Multiple Trading Platforms	Inactivity Fee
Competitive Spreads and Pricing	Complex Fee Structure
Fast and Reliable Trade Execution	Limited Social Trading Features

 

Frequently Asked Questions

 

What trading platforms does Forex.com support?

Forex.com offers its proprietary trading platform (web and mobile), along with the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

 

Does Forex.com offer a demo account?

Yes, Forex.com provides a free demo account for traders to practice and familiarize themselves with the platform and markets.

 

What is the minimum deposit required?

The minimum deposit for Forex.com accounts is $100, making it accessible to most traders.

 

Are there inactivity fees?

Forex.com charges an inactivity fee after 12 months of no trading activity.

 

 

Our Verdict

The broker provides access to a variety of markets, including forex, commodities, indices, and cryptocurrencies, supported by platforms like MT4, MT5, and its proprietary platform. With spreads starting from 0.8 pips on the Standard account and 0.2 pips on the Commission account, along with commission fees of $5 per 100K traded, it offers flexible trading conditions for a wide range of traders.

 

 

5. XTB

XTB is a global forex and CFD broker, founded in 2002 and regulated by top-tier authorities like the FCA, KNF, and CySEC. XTB’s Spreads start as low as 0.1 pips on the XTB Pro account, which offers tighter spreads for active traders.

XTB Commissions Fees: Standard Account: Commission-free with spreads starting at 0.8 pips. Pro Account: Lower spreads starting from 0.1 pips, but commissions of $3 per lot (on forex trades).

 

🔍Broker	🥇XTB
🔢Year Founded	2002
👤Amount of Staff	1,000+ employees
👥Amount of Active Traders	Over 495,000
📌Publicly Traded	✅Yes, listed on the Warsaw Stock Exchange
📉Regulation	FCA (UK) CySEC (Cyprus) KNF (Poland) IFSC (Belize)
🌎Country of Regulation	UK Cyprus Poland Belize
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes up to €20,000 under CySEC up to £85,000 under FCA
🌟Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor Account Currencies	USD EUR GBP PLN
💵Minimum Deposit	$0 for standard accounts
⏰Average Deposit/Withdrawal Processing Time	Deposits: Instant to 1 business day Withdrawals: 1-3 business days
💳Fund Withdrawal Fee	No fees for bank transfers above a certain amount otherwise, charges may apply
✏️Spreads from	0.1 pips
💷Commissions	Commissions apply for certain account types and assets (e.g., stocks, ETFs)
4️⃣Number of Base Currencies Supported	4 USD EUR GBP PLN
💸Swap Fees	✅Yes depends on instrument and account type
⬆️Leverage	Up to 1:500 (depending on jurisdiction and asset)
📉Margin Requirements	Variable, depending on asset and leverage
☪️Islamic Account (swap-free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	Average 85 milliseconds
🖥️VPS Hosting	None
👉CFDs-Total Offered	Over 2,000 CFDs
📈CFD Stock Indices	35+
📉CFD Commodities	20+
📊CFD Shares	Over 1,800
💶Deposit Options	Bank transfer Credit/Debit card Skrill Neteller PayPal
💳Withdrawal Options	Bank transfer Credit/Debit card Skrill Neteller PayPal
📊Trading Platforms	xStation 5 xStation Mobile
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Advanced charting tools, economic calendar sentiment indicators trading calculators
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support@xtb.com
☎️Customer Support Contact Number	Varies by region (UK: +44 203 695 3086)
📱Social Media Platforms	Facebook Twitter LinkedIn YouTube
⚙️Languages Supported on Website	Multiple languages including English Spanish French German Polish
🎓Education Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles tutorials videos eBooks
🤝Affiliate Program	✅Yes
👥Amount of Partners	Not publicly disclosed
🫰🏻IB Program	✅Yes
🎁Sponsorships	Not currently
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes micro-lot trading available
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅Pros	❌Cons
Regulated Broker	High Spreads on Some Accounts
Variety of Account Types	Withdrawal Fees
Promotions and Bonuses	Inactivity Fees

 

Frequently Asked Questions

 

Does XTB provide negative balance protection?

Yes, XTB offers negative balance protection for retail traders, ensuring that clients cannot lose more than their account balance.

 

Are there inactivity fees?

XTB charges an inactivity fee of $10 per month after 12 months of no trading activity.

 

What platforms does XTB support?

XTB offers its proprietary xStation 5 platform, known for fast execution, advanced charting, and a user-friendly interface. It also supports MetaTrader 4 (MT4).

 

What account types does XTB offer?

XTB offers two main account types: a Standard Account, and a Pro Account.

 

 

Our Verdict

The broker provides access to advanced platforms like xStation 5 and MetaTrader 4 (MT4), offering a wide range of tools for analysis, research, and automated trading. With competitive spreads starting from 0.1 pips on the Pro account and 0.8 pips on the Standard account, as well as commission fees of $3 per lot for Pro accounts, XTB is suitable for both beginner and experienced traders.

 

 

6. FXCM

FXCM is a global forex and CFD broker, founded in 1999 and regulated by top authorities such as the FCA, ASIC, and CFTC. FXCM offers spreads starting from 0.2 pips on its Active Trader account for high-volume traders.

FXCM Commissions Fees: Standard Account: Commission-free with spreads starting at 1.3 pips for forex. Active Trader Account: Spreads as low as 0.2 pips, with a $25 per 1 million USD traded commission.

 

🔍Broke	🥇FXCM
🔢Year Founded	1999
👤Amount of Staff	Over 600
👥Amount of Active Traders	Over 130,000 worldwide
📌Publicly Traded	None
📉Regulation	FCA, ASIC, FSCA, CySEC
🌎Country of Regulation	United Kingdom, Australia, South Africa, among others
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes (only for retail clients under FCA and ASIC regulation)
💙Investor Protection Schemes	FSCS (UK)
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	✅Yes (through FXCM Prime)
💴Minor Account Currencies	EUR, GBP, AUD, JPY, CAD, CHF
💵Minimum Deposit	$50 for most account types
⏰Average Deposit/Withdrawal Time	1-3 business days
💳Fund Withdrawal Fee	Varies by method
✏️Spreads From	1.3 pips (EUR/USD)
💷Commissions	✅Yes, depending on the account type
5️⃣Number of Base Currencies Supported	5
💸Swap Fees	✅Yes
⬆️Leverage	Up to 1:400 (depending on the region)
📈Margin Requirements	Varies by asset class and region
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	Less than 1 second
🖥️VPS Hosting	✅Yes, for eligible clients
👉CFDs - Total Offered	Over 300
📈CFD Stock Indices	✅Yes
📉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💶Deposit Options	Credit/Debit cards, Bank Transfer, Skrill, Neteller, UnionPay, etc.
💳Withdrawal Options	Bank Transfer, Credit/Debit cards, Skrill, Neteller, etc.
📊Trading Platforms	Trading Station, MetaTrader 4 (MT4), NinjaTrader, ZuluTrade
🍎OS Compatibility	Windows, Mac, iOS, Android
🪛Forex Trading Tools	Trading signals, market analysis, research tools, automated trading options
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	info@fxcm.com
☎️Customer Support Contact Number	Varies by region
📱Social Media Platforms	Facebook, Twitter, LinkedIn, YouTube
⚙️Languages Supported on Website	English, French, German, Italian, Chinese, Japanese, Arabic, Spanish, and more
🎓Education ans Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles, videos, tutorials, webinars, trading guides
🤝Affiliate Program	✅Yes
👥Amount of Partners	Not specified
🫰🏻IB Program	✅Yes
🎁Sponsorships	No notable sponsorships currently
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅Pros	❌Cons
Regulated Broker	Limited Range of Account Types
Multiple Trading Platforms	Not Available in All Regions
Competitive Spreads	Commission on Certain Accounts
User-Friendly Interface	Customer Support Limitations

 

Frequently Asked Questions

 

What is FXCM?

FXCM (Forex Capital Markets) is a global online broker offering trading services in forex, CFDs, stocks, commodities, and cryptocurrencies. Founded in 1999, FXCM is regulated by major financial authorities, including the FCA, ASIC, and CFTC.

 

What platforms does FXCM support?

FXCM offers a variety of platforms, including Trading Station (FXCM’s proprietary platform), MetaTrader 4 (MT4), and NinjaTrader.

 

Does FXCM offer a demo account?

Yes, FXCM offers a free demo account for traders to practice trading strategies and familiarize themselves with the platform.

 

What leverage is available at FXCM?

FXCM offers leverage up to 1:400, depending on the account type and regulatory restrictions in your region.

 

 

Our Verdict

FXCM offers several trading platforms, including its proprietary Trading Station, MetaTrader 4 (MT4), and NinjaTrader, catering to both beginner and experienced traders. With strong regulatory oversight and a variety of account types and tools, FXCM is a solid choice for traders seeking a reliable and flexible trading experience.

 

 

7. Pepperstone

Pepperstone is an Australian-based forex and CFD broker, founded in 2010, and regulated by top-tier authorities including the ASIC, FCA, and DFSA.

Pepperstone’s Spreads start from 0.0 pips on the Razor account for forex pairs, offering some of the tightest spreads in the industry.

Pepperstone Commissions Fees: Razor Account: $3.50 per lot for forex pairs with spreads starting at 0.0 pips. Standard Account: No commission, with spreads starting from 1.0 pip.

 

🔍Broker	🥇Pepperstone
🔢Year Founded	2010
👤Amount of Staff	Approximately 200+
👥Amount of Active Traders	Over 300,000
📌Publicly Traded	None
📉Regulation	ASIC BaFin, CMA, CySEC, DFSA, FCA, SCB
🌎Country of Regulation	Australia UK UAE Germany Bahamas Cyprus
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes, under FCA and CySEC regulations
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor Account Currencies	✅Yes, supports multiple currencies
💵Minimum Deposit	$200
⏰Average Deposit/Withdrawal Processing Time	1-3 business days
💳Fund Withdrawal Fee	None
✏️Spreads From	0.0 pips (Razor Account) 1.0 pips (Standard Account)
💷Commissions	$7 per round turn (Razor Account)
🔟Number of Base Currencies Supported	10+ (including USD EUR GBP AUD JPY CHF CAD, and more)
💸Swap Fees	✅Yes
⬆️Leverage	Up to 30:1 (Retail clients in UK/EU) up to 500:1 (Professional clients and other regions)
📈Margin Requirements	Varies by asset and leverage level
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	~30ms
🖥️VPS Hosting	✅Yes, free VPS for clients who meet specific trading volume requirements
👉CFDs-Total Offered	Over 1,200
📈CFD Stock Indices	23
📉CFD Commodities	15
📊CFD Shares	Over 900
💷Deposit Options	Bank transfer credit/debit cards PayPal Neteller Skrill POLi BPay UnionPay and more
💳Withdrawal Options	Bank transfer credit/debit cards PayPal Neteller Skrill POLi BPay UnionPay, and more
📊Trading Platforms	MetaTrader 4 (MT4) MetaTrader 5 (MT5) cTrader
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Smart Trader Tools Autochartist API trading cTrader Automate
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes, 24/5
💻Customer Support Email Address	support@pepperstone.com
☎️Customer Support Contact Number	Varies by region (e.g., +44 (800) 0465473 for the UK)
📱Social Media Platforms	Facebook Twitter LinkedIn Instagram
⚙️Languages Supported on FBS Website	English Chinese Arabic German Spanish French Portuguese Italian Thai Vietnamese and more
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles eBooks video tutorials webinars trading guides
🤝Affiliate Program	✅Yes
👥Amount of Partners	Not publicly disclosed
🫰🏻IB Program	✅Yes
🎁Sponsorships	None
🎀Rebate Program	✅Yes, under the IB program
💰Cent or Micro Accounts	None
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅Pros	❌Cons
Low Trading Costs	Limited Research Tools
Regulated and Trusted	No Proprietary Trading Platform
Multiple Trading Platforms	Limited Educational Resources
Fast Trade Execution	Inactivity Fee

 

Frequently Asked Questions

 

What is Pepperstone?

Pepperstone is an Australian-based forex and CFD broker, founded in 2010. It provides trading services for forex, commodities, indices, cryptocurrencies, and more. The broker is regulated by top-tier authorities such as the ASIC, FCA, and DFSA.

 

What platforms does Pepperstone support?

Pepperstone offers multiple platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader.

 

Does Pepperstone offer a demo account?

Yes, Pepperstone offers a free demo account for traders to practice and familiarize themselves with the platform.

 

What leverage is available at Pepperstone?

Pepperstone offers leverage of up to 1:500, depending on the account type and regulatory jurisdiction.

 

 

Our Verdict

The broker supports popular platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, providing traders with advanced charting, analysis tools, and automated trading options. Pepperstone’s strong regulatory oversight, advanced tools, and competitive fees make it a solid choice for both beginner and experienced traders.

 

 

What are Low Spreads and Commissions Fees?

Spreads refer to the difference between the buy price (ask price) and the sell price (bid price) of a currency pair or any other trading instrument. In forex trading, this is a key factor in determining the cost of a trade.

A low spread means that the difference between the buy and sell price is smaller, which reduces the cost of entering and exiting trades. For example, if a broker offers a spread of 0.5 pips for a currency pair like EUR/USD, this means you can trade at a very narrow cost.

In addition to the spread, many brokers charge a commission fee. This fee is usually charged per lot (the size of the trade) and can either be a flat rate or per volume traded.

A low commission fee means that traders pay a smaller amount per trade, which further reduces the cost of trading.

 

 

Pros and Cons

✅Pros	❌Cons
Cost Efficiency	Possibly Higher Overnight Financing Costs
Better for Active Traders	Limited Access to Certain Services or Tools
Better Price Execution	Increased Risk of Hidden Fees
Transparency and Competitive Edge	More Competitive Environment

 

In Conclusion

Now it is your turn to participate:

 

• Which Lowest Spread/Commissions Fees 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 Minimum Deposit or the Pros and Cons?

 

Regardless, please share your thoughts in the comments below.

 

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Frequently Asked Questions

 

Does City Index charge deposit or withdrawal fees?

No, City Index does not charge fees for deposits or withdrawals. However, third-party payment processors may apply their charges.

 

Does Swissquote provide negative balance protection?

Yes, Swissquote offers negative balance protection for retail clients, ensuring they cannot lose more than their deposited funds.

 

Does XM provide trading signals?

Yes, XM offers free daily trading signals through its platform and email for forex and CFD trading.

 

What is Forex.com?

Forex.com is a global online broker offering trading services in forex, CFDs, commodities, indices, and cryptocurrencies. It is known for its strong regulatory framework, providing a secure and transparent trading environment.

 

What is XTB?

XTB is a global forex and CFD broker, offering access to a wide range of trading instruments such as forex, stocks, commodities, indices, and cryptocurrencies. It was founded in 2002 and is regulated by top-tier authorities like the FCA, KNF, and CySEC.

 

Does FXCM offer negative balance protection?

Yes, FXCM offers negative balance protection for retail clients, ensuring they cannot lose more than their deposited funds.

 

What account types does Pepperstone offer?

Pepperstone offers two main account types: Standard Account, and Razor Account.

 

What are low spread/commission fee brokers?

Low spread/commission fee brokers are forex brokers that offer narrow spreads (the difference between the buy and sell price) and low commission fees (cost per lot traded) to minimize the trading costs for traders.

 

Why do brokers offer low spreads and commissions?

Brokers offer low spreads and commissions to attract traders, particularly those who trade frequently or in large volumes.

 

Are low-spread/commission brokers suitable for all types of traders?

Low-spread and commission brokers are ideal for active traders, scalpers, day traders, and those who make frequent or large trades.