Top 6 Low Spread Brokers

The Tickmill Group is a multi-award-winning and globally regulated broker, offering a wide range of products, including CFDs on Forex, Stocks, Indices, Commodities, Cryptocurrencies, and Bonds, as well as exchange-traded derivatives (Futures & Options) through Tickmill UK Ltd.

Known for its highly competitive spreads, low commissions, and fast execution across the entire MetaTrader suite of platforms, Tickmill stands out with flexible leverage options and robust security for client funds.

Clients of Tickmill Ltd can take advantage of its proprietary Tickmill Trader platform accessible via mobile and web and copy trading through Tickmill Social Trading. Its Raw account offers spreads as low as 0.0 pips and comes with leverage up to 1000:1.

The Tickmill Group is regulated in multiple jurisdictions, including the UK, CySEC, Seychelles, and South Africa, ensuring client protection and transparency. Tickmill has won Forexbrokers.com’s award for Best Commissions and Fees for four consecutive years, making it a top choice for traders looking for competitive pricing and superior trading conditions.

Highly rated for its customer service, FP Markets was founded in 2005 and offers competitive spreads and a wide number of tradeable entities via its Iress platform. Traders can choose from Raw and ECN account types in MetaTrader 4/5, cTrader, TradingView and Iress (for Australian-based clients). The broker also offers Copytrading.

FP Markets is regulated in both Australia, Cyprus, South Africa, Kenya and other global entities. It won the ForexBrokers.com’s 2024 awards for Best In Class Honors in the MetaTrader category and Best “Zero-Spread” Forex Broker. FP Markets was voted ‘Best Value Broker – Global’ for the sixth time in a row at The Global Forex Awards.

Moneta Markets is a UAE-based global Forex broker offering high leverage (1,000:1) and fast execution on over 1,000 tradable assets including Forex, Commodities, Indices, Shares, ETFs, Bonds and Cryptocurrencies. Traders can opt to trade via MetaTrader or its own ProTrader and AppTrader platforms. Account types range from spread only (STP execution type) to ECN and Islamic. Moneta Markets is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa and also solicits business from the UAE through a non-exclusive introducing broker agreement regulated by the SCA, Sterling Financial Services LLC, Cat 5, No 305029.

For deposits of over $500, the company is offering a cashback scheme enabling traders to earn a per-trade commission. There is the option of taking part in Copytrading and using Expert Advisors (automated trading algorithms). Security of funds and speedy transfers are further advantages.

Spec FX is a regulated broker offering fast and transparent execution with a Standard or an ECN account, which provides direct market access and no dealing desk intervention, making it suitable for scalpers, high-frequency traders and users of Expert Advisors.

Spreads start from 0.0 pips and commissions are set at USD 3.5 per lot per side in the ECN account, keeping overall trading costs highly competitive. Traders can access leverage up to 1000:1, supported by a hybrid risk-management model in which part of the order flow is externally hedged, allowing the broker to grow sustainably through trading volume rather than client losses.

Clients can trade Forex CFDs, Indices, Commodities and Cryptocurrencies via the MetaTrader 5 platform, with a minimum deposit of $50 and multiple funding options. Deposits and withdrawals are fast and fee-free, and accounts are protected against negative balances.

Spec FX is licensed by South Africa’s Financial Sector Conduct Authority (FSCA) and Mauritius’ Financial Services Commission (FSC) and keeps client funds fully segregated in off-balance-sheet accounts with top-tier banks. Additional safety measures include advanced encryption, Two-Factor Authentication, and robust KYC/AML procedures.

FxPro is a major global brand offering over 2,100 financial instruments, including Forex, Futures, Indices, Metals, Energies, and Shares, as well as some Cryptocurrencies. Trading is done via MetaTrader 4, 5, cTrader, and FxPro’s proprietary platform. A myriad of educational resources, market analytics and news are available.

FxPro offers intervention-free execution via a No Dealing Desk (NDD) model. There is the option of floating-spread, commission-free accounts or commission plus reduced-spread accounts. Leverage varies upon jurisdiction, and traders have the option to engage risk management tools such as the FxPro Wallet and order protections.

FxPro is regulated in multiple jurisdictions including the UK, Cyprus, South Africa, and The Bahamas. Client funds are segregated with top-tier banks and advanced encryption technology protects client information​. Funding and withdrawals are straightforward and are typically processed within one working day​.

Traders through XM can access over 1,400 trading instruments, including CFDs on Forex, stocks, indices, commodities, and cryptocurrencies. As a multi-regulated broker, XM provides a secure trading environment. It offers a comprehensive range of platforms within its environment, including MT4, MT5, and its proprietary WebTrader and app, with advanced charting powered by TradingView.

XM provides multiple account types to cater to different trading needs. The Standard and Micro accounts feature low spreads and no commissions, while the Ultra Low account is designed for high-volume traders with tighter spreads. For those seeking raw spreads, the Zero account starts at 0.0 pips plus a competitive commission, making it an attractive choice for active traders. Additionally, traders can enjoy easy access to these accounts, as the minimum deposit requirement is just USD 5. Deposit and withdrawal processes are extremely fast, ensuring a smooth trading experience.

XM also offers clients bonuses, promotions, and a loyalty program to enhance their trading experience. The ultra-low minimum deposit is complemented by a variety of trading tools, including an economic calendar, market analysis, and 24-hour news updates. XM provides hybrid execution, ensuring favorable trading conditions and low spreads. Moreover, it offers educational content, including webinars in multiple languages, and 24/7 customer service.

Disclaimer: Promotions and bonuses are not available for accounts registered under XM's EU-based entity. Specific regions may be excluded. The XM Group operates globally under various entities, so products, services, and features listed here vary between XM entities. For further information, please visit the XM website.