In this article we are going to talk about 5 best low spread forex brokers in 2024.
Broker | Review | Min Deposit | Low Spread Account | Regulations | Account |
1. Fusion Markets  | $0 | ASIC, VFSC | |||
2. TickMill  | $100 | FCA, FSA, CySEC, FSCA | |||
3. IC Markets  | $200 | ASIC, CySEC, FSA | |||
4. Pepperstone  | $0 | FCA, ASIC, SCB, CMA, CySEC, BaFin, DFSA | |||
5. CMC  | $0 | FCA, ASIC, DFSA, CySEC, CMA, SCB, BaFin |
What is a Low Spread Forex Broker?
A low spread Forex Broker is a broker that provides traders with low spread accounts. The spreads for low spread forex brokers usually starts from 0.0 pips.
When considering a good low spread broker we also need to consider other factors as well. These are commissions charged, trading platforms provided, customer support, trade execution speeds and regulations.
Considering all these factors below are 5 best forex brokers who provide traders with low spread accounts.
1. Fusion Markets
Fusion markets is a great broker that provides traders with low spreads, starting from 0.0 pips. The Fusion markets broker was founded in Melbourne Australia, in 2017.
The Fusion Markets broker is regulated by a top tier regulator, which is the Australian Securities and Investment Commission (ASIC). This broker is also regulated by Vanuatu Financial Services Commission (VFSC).
The Fusion Markets broker provides 4 main account types. The low spread account is called the Zero Account. For this account type the spreads starts from 0.0 pips and the commissions charged is $2.25 per side.
The Fusion Markets broker provides traders with several trading platforms. These are, MetaTrader 4, MetaTrader 5, cTrader and TradingView trading platform.
When it comes to customer support, the Fusion markets provide traders with 24/7 customer service. Traders can contact the Fusion markets customer support through email, phone and live chat.
The Fusion markets broker provides a leverage of up to 1:500. To get started trading with the Fusion Markets broker, you don’t require a minimum deposit. If you are interested click the button below.
2. TickMill
The TickMill broker is another great broker that provides traders with low spreads. The TickMill broker was founded in 2014 and is headquartered in Seychelles.
TickMill broker is regulated by several financial regulators including the Financial Conduct Authority (FCA) in the UK.
The TickMill broker provides traders with several account types. The low spread account is called the Raw Account. For this account type the spreads starts from 0.0 pips and the commission from $3 per lot per side.
The TickMill broker provides traders with several trading platforms, these include, MetaTrader 4, MetaTrader 5 and TickMill mobile application
The TickMill broker provides traders with 24/5 customer support. Traders can contact the TickMill broker customer support through email, phone and live chat.
This broker provides a maximum leverage of up to 1:1000 depending on the instrument being traded. To start trading with the TickMill broker you need a minimum deposit of $100.
3. IC Markets
The IC Markets broker is also another great broker the provide traders with low spreads. The IC Markets broker was founded in, Sydney Australia in 2007.
The IC Markets broker is regulated by several financial authorities, including the Australian Securities and Investment Commission (ASIC).
The IC Markets broker provides traders with several account types. The low spread account type is called the raw spread account. There are two types of raw spread accounts provided by the IC Markets broker.
These are the Raw Spread cTrader/TradingView account and the raw spread MetaTrader account. For both these accounts, the spreads starts from 0.0 pips. But the commission is a bit different. The commissions charged for the meta trader raw spread account is $3.5 per lot per side and the commission charge for the cTrader/TradingView raw spread account is $3.0 per lot per side.
This broker offers traders with several trading platforms. These are, MetaTrader 4, MetaTrader 5, cTrader and TradingView trading platform.
The IC markets broker provides traders with 24/7 customer support. Similar to the previous brokers, you can contact the IC markets support through phone, email and live chat.
This broker provides a maximum leverage of up to 1:500 depending on the country you are trading from. To start trading with the IC Markets broker, traders require a minimum deposit of $200.
4. Pepperstone
The Pepperstone broker is also a great broker that offers traders with low spreads. This broker was founded in 2010 in Melbourne, Australia.
The Pepperstone broker is regulated by several financial authorities including the Australian Securities and Investment Commission (ASIC).
This broker offers traders with a range of account types. The low spread account type is called the Razor account. For this account, the spreads starts from 0.0 pips and the commission from $3 per lot per side.
The Pepperstone broker provides traders with 5 main trading platforms. These are MetaTrader 4, MetaTrader 5, TradingView, cTrader and the Pepperstone trading platform.
This broker provides traders with 24/7 customer support. Traders can contact the Pepperstone broker through email, phone, WhatsApp and live chat.
For retail clients the maximum leverage provided by this broker is 1:30. For professional clients, the maximum leverage provided is 1:500.
To start trading with the Pepperstone broker, you do not require a minimum deposit but the Pepperstone broker recommends a deposit of $200.
5. CMC Markets
CMC markets is another great broker the offers traders with low spread accounts. The CMC markets was found in 1989 in the United Kingdom.
The CMC markets broker is regulated by several financial regulators including the top tier regulator the Financial Markets Authority (FMA) in New Zealand.
The CMC markets broker provides traders with several account types. The low spread account type is called the FX Active account.
This broker provides traders with several trading platforms. These include the popular MetaTrader 4 platform and NGEN which is CMC’s flagship trading platform.
This broker provides customer support to traders only between 7.30 am – 7 pm Sydney time unlike the other brokers in this list. You can contact CMC markets broker through live chat, phone and email. They also provide traders with a contact form for non-critical enquiries.
For retail clients, the CMC markets broker provides a leverage of up to 1:30. To start trading with the CMC markets broker you do not require a minimum deposit.
Conclusion
In this article, we talked about 5 great brokers that provide traders with low spreads. These brokers are also highly regulated brokers who provide other great features as well.
