10 Lowest Spread Forex Brokers for 2024
When choosing a broker, spreads are among the most important characteristics to consider. They determine how much profit you have the potential to make. To help you in the selection process, we will be discussing 10 of the lowest spread forex brokers in 2024.
FP Markets
FP Markets features a EUR/USD spread of 0.10 pips, a commission of 6 USD per lot and a trading cost of 7 USD. They include a minimum deposit of 100 AUD and are highly rated for their advanced trading tools, FSCA Regulation, and high-quality customer service.
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Pepperstone
Pepperstone offers a wide range of trading platforms, low trading fees, and fast trade execution, which is why it’s on this list of 10 of the lowest spread forex brokers in 2024. It does not include a minimum deposit value and has a EUR/USD spread of 0.17 pips.
HFM
HFM offers exceptional local customer support. They also do not include a minimum deposit value and feature a EUR/USD spread of 0.10 pips. Their commission sits at 6 USD per lot, and they have a trading cost of 7 USD.
XM
XM has a minimum deposit value of 5 USD, a EUR/USD spread of 0.60 pips, and a spread-only commission. The trading cost is 1 USD. They are also highly rated among traders for their great bonus programme.
Exness
Exness offers traders the widest range of account options. The minimum deposit value is relatively high, at 200 USD. The EUR/USD spread is 0 pips, and their commission rate is 7 USD per lot.
Tickmill
Tickmill has a minimum deposit value of 100 USD and a trading cost of 5 USD. Their EUR/USD spread, and commission rate are 0.10 pips and 4 USD per lot, respectively.
IC Markets
IC Markets features a EUR/USD spread of 0.02 pips. They are known for their excellent regulation, advanced trading tools and great customer care. The minimum deposit is 200 USD, while the commission rate sits at 7 USD per lot.
Admirals Markets
Admirals Markets offers traders very low commissions and FSCA regulations. They include a minimum deposit value of 100 USD, a EUR/USD spread of 0.10 pips and a commission rate of 6 USD per lot.
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Eightcap
Eightcap is one of the most popular forex traders in the country because of its extremely low spreads. The EUR/USD spread is 0.06 pips. They also feature a commission rate of 7 USD per lot and a trading cost of 7.6 USD.
Fusion Markets
Fusions Markets does not include a minimum deposit value. Their EUR/USD spread is also 0 pips. They feature a commission rate of 4.5 AUD per lot and a trading cost of 4.5 USD.
Conclusion
The spread of a forex trader is incredibly important for your potential profit. Some of the lowest spread brokers in 2024 include FP Markets, IC Markets, and Eightcap.