Many forex brokers claim to offer low spreads—or even the lowest spreads—but how do you know if their claims are genuine? How can you verify whether a broker truly delivers on its promise of tight spreads?

The good news is, there’s a way to figure it out.

Testing hundreds of forex brokers manually is neither practical nor realistic. Even if you could register with all of them and calculate the average spreads from your account, the data would still lack accuracy. Why? Because spreads vary across accounts, trading conditions, and times. To get reliable results, you’d need access to data from multiple accounts and trades—something that’s hard to achieve alone.

The Solution

Fortunately, Myfxbook makes this process much easier. This platform features data from over 200 registered forex brokers, and you can access the real average spreads of their clients’ accounts.

Sounds great, right?

Yes, it’s a game-changer. With real data from live trading accounts, Myfxbook provides highly reliable information on broker spreads. This means you can confidently expect similar spreads in your own account under the same trading conditions.

Spreads + Commission: The Full Picture

When considering the cost of trading, spreads are only one part of the equation. For ECN accounts, commissions also play a significant role. Since ECN accounts typically offer the lowest overall costs, we focused on this account type for our review. Instead of looking at spreads alone, we analyzed the combined cost of spreads + commission to identify the brokers with the lowest trading costs.

Without further ado, let’s dive into the list of the best low spread forex brokers in 2025!

Forex Brokers with the Lowest Spreads

Here’s a list of top 9 forex brokers with the lowest spreads according to our study:

• RoboForex
• HYCM
• FXOpen
• Axi Trader
• IC Markets
• HotForex

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1- RoboForex

Founded in 2009, RoboForex is a standout forex broker offering low spreads, particularly in its ECN accounts.

ECN Account Options

RoboForex provides two ECN account types tailored for traders seeking low spreads and commissions:

• ECN-Pro
• Prime

You can open either account with a minimum deposit of just $10. The Prime account offers slightly better trading costs (lower spreads + commissions) than the ECN-Pro, but it comes with a maximum leverage of 1:300, compared to 1:500 for the ECN-Pro account.

For this review, we examined the trading costs of the ECN-Pro account. If you choose the Prime account, you’ll benefit from even lower trading costs, making it an attractive option for experienced traders.

Commissions and Costs

• ECN-Pro Account: $2 per side for every lot as commission
• Prime Account: $1 per side for every lot

These lower commissions make the Prime account a more cost-effective choice, reducing the overall cost of spreads + commission.

High Leverage Account Option

RoboForex also offers a PRO account, featuring leverage as high as 1:2000, one of the highest in the industry. While the PRO account uses floating spreads and does not charge a commission, the spreads are slightly higher compared to ECN accounts. However, they remain lower than many other brokers in the market. If you need high leverage combined with relatively low spreads, the PRO account might be a perfect fit.

Regulation

RoboForex is regulated by the Belize FSC (Financial Services Commission).

RoboForex Average Spreads + Commission

Pair	EUR/USD	GBP/USD	AUD/USD	USD/CHF	USD/CAD	USD/JPY	NZD/USD	GBP/JPY	EUR/JPY
Spread (pip)	0.58	1.04	0.84	0.89	1.16	0.74	1.26	1.33	0.86

RoboForex Information

 Roboforex Website

2- FXOpen

Founded in 2005, FXOpen is a highly reputable and well-regarded forex broker offering some of the lowest spreads in the industry—especially for traders with larger accounts or those trading significant volumes.

ECN Account: The Key to Low Costs

The spreads highlighted in this review are based on FXOpen’s ECN account, which delivers the lowest trading costs among its account types.

• Low Commission Rates: FXOpen’s commissions start as low as $1.50 per side for one standard lot, one of the most competitive rates in the industry.
• Eligibility for Low Commissions:
  • Trade 50+ lots monthly or
  • Maintain an account balance above $25,000

For smaller accounts under $1,000, the commission is $3.50 per side per lot. Even in this case, FXOpen’s spreads + commission remain highly competitive compared to many other brokers.

Additional Account Types

FXOpen also offers a Micro account with nano lot sizes starting at 0.0001 lots, making it an excellent choice for beginners or those wanting to trade smaller positions. You can open a Micro account with just $1, but note that the spreads for this account type are significantly higher than the ECN account.

Regulation and Fund Safety

FXOpen is regulated by two top-tier authorities, ensuring a high level of trust and safety for its clients:

• FCA (Financial Conduct Authority) in the UK
• ASIC (Australian Securities and Investments Commission)

With this level of regulation, your funds are well-protected, making FXOpen a safe choice for traders of all levels.

FXOpen Average Spreads + commissions

Pairs	EUR/USD	GBP/USD	AUD/USD	USD/CHF	USD/CAD	USD/JPY	NZD/USD	GBP/JPY	EUR/JPY
Spread (pip)	0.6	1.3	0.89	0.85	1.2	0.84	1.3	1.35	0.86

FXOpen Information

  FXOpen Website

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3- HYCM

Established in 1977, HYCM is a well-known forex broker with a long-standing reputation in the trading industry. HYCM provides competitive trading conditions for those seeking low spreads and transparent costs, making it a solid choice for cost-conscious traders.

Raw Account: Designed for Low Costs

The Raw account at HYCM is the broker’s ECN-style offering, featuring some of the lowest spreads available:

• Commission: $2 per side for one standard lot, keeping overall trading costs competitive.
• Spreads: Ultra-tight, starting as low as 0.1 pips for major currency pairs like EUR/USD.

This account is ideal for scalpers and day traders who prioritize low spreads and fast execution.

Other Account Options

HYCM also offers other account types to suit a variety of traders, including:

• Fixed Account: Spreads remain constant regardless of market conditions, starting at 1.8 pips. This account is better suited for beginners or those who prefer predictable costs.
• Classic Account: Offers floating spreads starting at 1.2 pips, with no commissions.

While these accounts have higher spreads compared to the Raw account, they can be suitable for traders who prefer commission-free trading or less frequent trading activity.

Regulation and Fund Security

HYCM is heavily regulated by multiple authorities, ensuring safety and transparency for its clients:

CIMA (Cayman Islands Monetary Authority)

FCA (Financial Conduct Authority) in the UK

HYCM Average Spreads + commissions

Pairs	EUR/USD	GBP/USD	AUD/USD	USD/CHF	USD/CAD	USD/JPY	NZD/USD	GBP/JPY	EUR/JPY
Spread (pip)	0.65	1.2	0.84	0.9	1.3	0.88	1.3	1.3	0.87

HYCM Information

  HYCM Website

4- Axi Trader

Founded in 2007, AxiTrader is a reputable Australian forex broker regulated by two of the industry’s top-tier regulatory bodies: FCA and ASIC.

AxiTrader offers two types of accounts: Standard and Pro.

Account Types & Costs:

1. Standard Account (STP):
   • Spreads: Variable
   • Commission: None
   • Best for: Traders who prefer no commission and more stable spreads during volatile market conditions.
2. Pro Account (ECN):
   • Spreads: Very low
   • Commission: Yes (charged per trade)
   • Best for: Scalpers and day traders looking for extremely low spreads with commissions.

The Pro account generally offers lower spreads + commission compared to the Standard account, but the Standard account provides more stability, making it better suited for traders who prefer less volatility in their spreads.

AxiTrader is regulated by FCA (UK) and ASIC (Australia), providing a secure trading environment for your funds.

Axi Trader Average Spreads + Commission

Pair	EUR/USD	GBP/USD	AUD/USD	USD/CHF	USD/CAD	USD/JPY	NZD/USD	GBP/JPY	EUR/JPY
Spread (pip)	0.84	1.17	1.15	1.11	1.37	0.61	0.83	1.79	1.17

Axi Trader Information

Axi Trader Website

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5- IC Markets

IC Markets is another forex broker with low spreads, founded in 2007, and regulated by ASIC (Australian Securities and Investments Commission), ensuring a high level of safety and reliability.

IC Markets offers two types of ECN accounts, both with low spreads and a commission structure:

Account Types & Costs:

1. MT4 Raw Spread Account:
   • Platform: MetaTrader 4 (MT4)
   • Spreads: Very low
   • Commission: $3.5 per side per lot
   • Best for: Traders who prefer the popular MT4 platform and can handle the commission structure for tighter spreads.
2. cTrader Raw Spread Account:
   • Platform: cTrader
   • Spreads: Very low
   • Commission: $3 per side per lot
   • Best for: Traders who prefer the cTrader platform and want lower commissions while still benefiting from raw spreads.

The cTrader Raw Spread Account offers lower commission fees compared to the MT4 Raw Spread Account, making it a better choice for those not using EAs or those who favor the cTrader platform.

IC Markets provides great flexibility for traders with low spreads and is considered safe due to its regulation by ASIC.

IC Markets Average Spreads + Commission

Pair	EUR/USD	GBP/USD	AUD/USD	USD/CHF	USD/CAD	USD/JPY	NZD/USD	GBP/JPY	EUR/JPY
Spread (pip)	0.78	1.12	1.01	0.97	1.24	0.9	1.1	1.39	0.93

IC Markets Information

IC Markets Website

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6- Hotforex

HotForex, established in 2010, is a well-regulated broker offering competitive spreads through its Zero Spreads ECN account, designed for traders seeking low trading costs.

Account Types & Costs:

1. Zero Spreads Account:
   • Minimum Deposit: $200
   • Commission:
     • $3 per side per lot for most currency pairs
     • $4 per side per lot for certain pairs like USD/CHF
   • Spreads: Extremely low spreads for major forex pairs due to the ECN model
   • Best for: Traders looking for the lowest spreads with a reasonable commission structure.

HotForex is well-regulated by several bodies including FCA (UK), CySEC (Cyprus), FSCA (South Africa), and DFSA (Dubai), ensuring a secure environment for your funds.

This broker is a solid choice for traders seeking low spreads and a well-regulated environment.

Hotforex Average Spreads + Commission

Pair	EUR/USD	GBP/USD	AUD/USD	USD/CHF	USD/CAD	USD/JPY	NZD/USD	GBP/JPY	EUR/JPY
Spread (pip)	0.95	1.21	1.26	1.45	1.61	0.96	1.48	1.7	1.57

HotForex Information

 HotForex Website

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Average Spreads for Lowest Forex Brokers Comparison Table

In the table below, you’ll find a comparison of the average spreads for our selected low-spread forex brokers across 9 major forex pairs. This allows you to easily compare the spreads offered by each broker.

You can also sort the table by each currency pair to quickly identify the broker offering the lowest spreads for a specific pair. Simply click on the header for the currency pair (EUR/USD, GBP/USD, etc.) to sort the table either from lowest to highest or vice versa.

Brokers	EUR/USD	GBP/USD	AUD/USD	USD/CHF	USD/CAD	USD/JPY	NZD/USD	GBP/JPY	EUR/JPY
RoboForex	0.58	1.04	0.84	0.89	1.16	0.74	1.26	1.33	0.86
FXOpen	0.6	1.3	0.89	0.85	1.2	0.84	1.3	1.35	0.86
HYCM	0.65	1.2	0.84	0.9	1.3	0.88	1.3	1.3	0.87
Axitrader	0.84	1.17	1.15	1.11	1.37	1.06	1.32	1.79	1.17
IC Markets	0.78	1.12	1.01	0.97	1.24	0.9	1.1	1.39	0.93
Hotforex	0.95	1.21	1.26	1.45	1.61	0.96	1.48	1.7	1.57

Methodology

To identify forex brokers offering the lowest spreads, we use data sourced from Myfxbook, a third-party platform featuring over 200 forex brokers and more than 10,000 real trading accounts. This ensures that the data we gather reflects real-world trading conditions and provides a reliable overview of broker performance.

Since the lowest spreads in the industry are typically found in ECN accounts, which also come with commissions, the data presented here includes both spreads + commissions. This provides a more accurate depiction of trading costs.

While Myfxbook offers valuable insights, some discrepancies may occur, particularly in relation to brokers’ commission structures. To address this, we double-checked the data directly with the brokers’ websites, ensuring the accuracy of the information shared here.

Additional details, such as regulatory status and account types, were sourced directly from the official websites of the brokers.

FAQ