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Average Forex Broker Spreads (2026)

We analyzed minimum spreads and commission structures across 340 active forex brokers. This dataset reveals the true cost of trading with each broker, helping traders identify the most competitive pricing in the market.

Brokers Analyzed

340

Average Min Spread

0.09 pips

Median Spread

0.00 pips

Lowest Spread

0.00 pips

Pepperstone

Key Findings

  • The average minimum spread across all analyzed brokers is 0.09 pips, while the median sits at 0.00 pips.
  • Pepperstone offers the lowest minimum spread at 0.00 pips.
  • Brokers with zero or near-zero spreads typically charge a per-lot commission instead, making total trading cost the more important metric.
  • 215 brokers in our dataset use a commission-based pricing model alongside their spread.

Spread Distribution

How minimum spreads are distributed across all analyzed brokers.

0.0–0.5 pips
304 brokers (89.4%)
0.5–1.0 pips
31 brokers (9.1%)
1.0–1.5 pips
4 brokers (1.2%)
1.5–2.0 pips
1 brokers (0.3%)
2.0+ pips
0 brokers (0.0%)

Full Spread Comparison Table

Showing 340 rows
#BrokerMin SpreadCommissionRegulatorRating
Pepperstone0.00$3.50CySEC4.12
Nexo0.00$0.50FCA3.96
Upbit0.00$0.05MAS3.95
BlackBull Markets0.00$3.00ASIC3.93
Blockchain.com0.00$0.40FCA3.92
ThinkMarkets0.00$3.50FCA3.92
Yellow Card0.00$1.00FSP3.90
FBS0.00$0.00CySEC3.88
IC Markets0.00$3.50ASIC3.87
Vantage Markets0.00$3.00ASIC3.85
FP Markets0.00$3.00ASIC3.84
TradeStation0.00$0.00SEC3.80
HFM0.00$3.00CySEC3.78
Admiral Markets0.00$3.00FCA3.77
SwissBorg0.00$0.25FCA3.75
Phillip Capital0.00$0.08MAS3.74
IronFX0.00$3.00ASIC3.71
Moomoo0.00$0.00MAS3.69
Libertex0.00$0.00CySEC3.69
FxOpen0.00$1.50FCA3.66
Bitvavo0.00$0.25CySEC3.65
Exante0.00$0.02CySEC3.64
VALR0.00$0.10FSCA3.64
Axi0.00$3.50FCA3.62
Eightcap0.00$3.50ASIC3.62
Bitbank0.00$0.12FSA3.61
CoinEx0.00$0.20FSA3.60
E*TRADE0.00$0.00SEC3.60
MultiBank Group0.00$3.00CySEC3.60
Robinhood0.00$0.00SEC3.60
Bitso0.00$0.50CySEC3.60
BitMEX0.00$0.07FSA3.60
InstaForex0.00$0.00FSA3.59
MEXC0.00$0.00FSA3.59
XT.com0.00$0.20FSA3.59
Webull0.00$0.00FCA3.58
Fidelity0.00$0.00CFTC3.58
Tiger Brokers0.00$0.01MAS3.58
Poloniex0.00$0.15FSA3.58
tastytrade0.00$0.00SEC3.56
Charles Schwab0.00$0.00SEC3.56
Fusion Markets0.00$2.25ASIC3.56
Moneta Markets0.00$3.00FSCA3.50
Sarwa0.00$0.00DFSA3.47
Fineco Bank0.00$2.95Banca d'Italia3.45
TMGM0.00$3.50FCA3.45
Stake0.00$0.00ASIC3.44
Aetos Capital0.00$3.50FCA3.43
GMO Click Securities0.00$0.00FSA3.42
Rakuten Securities0.00$0.00FSA3.42
Monex0.00$0.50SEC3.42
Firstrade0.00$0.00SEC3.41
LiteFinance0.00$2.00FSA3.40
J.P. Morgan Self-Directed0.00$0.00SEC3.37
LYNX Broker0.00$4.00FCA3.37
Longbridge0.00$0.00SFC3.36
LHV0.00$0.00Finantsinspektsioon3.36
Avenue Securities0.00$0.00FINRA3.36
VT Markets0.00$3.00ASIC3.35
Just2Trade0.00$2.50SEC3.35
CoinDCX0.00$0.20FIU3.34
Freedom Finance0.00$2.00SEC3.34
Questrade0.00$0.01SEC3.33
SoFi Invest0.00$0.00SEC3.33
Deribit0.00$0.03Unregulated3.33
Tickmill0.00$2.00FSCA3.33
Pionex0.00$0.05FinCEN3.33
Stash0.00$0.00SEC3.32
Bitso MX0.00$0.50CNBV3.32
KSecurities0.00$0.15SEC3.32
Phemex0.00$0.013.31
WazirX0.00$0.20FIU3.31
UOB Kay Hian0.00$0.18MAS3.31
RHB Securities0.00$0.10MAS3.31
OCBC Securities0.00$0.18MAS3.31
BingX0.00$0.043.31
KTBST Securities0.00$0.15SEC3.30
KGI Securities0.00$0.08FSC3.30
Mercado Bitcoin0.00$0.30CVM3.30
CIMB Securities0.00$0.10MAS3.29
BTSE0.00$0.10FSRA3.29
AscendEX0.00$0.103.28
Foxbit0.00$0.50BACEN3.28
Bithumb0.00$0.25FSC3.28
Tradeview0.00$2.50CIMA3.28
LBank0.00$0.10FinCEN3.27
BitMart0.00$0.25FinCEN3.27
Revolut Trading0.00$0.00FCA3.27
DEGIRO0.00$1.75FCA3.27
Buda.com0.00$0.80CMF3.27
mBank0.00$0.19KNF3.27
CoinW0.00$0.20FinCEN3.27
CryptoMKT0.00$0.39CMF3.27
RoboForex0.00$2.00FSA3.27
Bitrue0.00$0.103.26
Motilal Oswal0.00$0.00SEBI3.26
ProBit Global0.00$0.20FSC3.25
Blueberry Markets0.00$3.00ASIC3.24
Ripio0.00$1.00CNV3.24
Betterment0.00$0.00SEC3.24
Wealthfront0.00$0.00SEC3.24
ACY Securities0.00$3.00ASIC3.22
Cash App Investing0.00$0.00SEC3.22
EasyEquities0.00$0.25FSCA3.22
Windsor Brokers0.00$3.00FSA3.21
Firi0.00$0.70Finanstilsynet3.21
SBI Securities0.00$0.00FSA3.21
Capital Index0.00$3.00FCA3.21
Moneybox0.00$0.00FCA3.21
Wealthsimple0.00$0.00SEC3.20
Bitpanda0.00$1.49CySEC3.20
M1 Finance0.00$0.00SEC3.20
Chipper Cash0.00$0.00FCA3.19
Bestinvest0.00$0.00FCA3.19
Vanguard UK0.00$0.00FCA3.19
InvestEngine0.00$0.00FCA3.19
Merrill Edge0.00$0.00SEC3.19
Pacific Union0.00$3.00FSA3.19
Sharesies0.00$0.50ASIC3.18
Weltrade0.00$0.00FSA3.18
HSBC InvestDirect0.00$10.50FCA3.18
FSMOne0.00$0.08MAS3.18
Tinkoff Investments0.00$0.05CBR3.17
DBS Vickers0.00$0.18MAS3.16
Ally Invest0.00$0.00SEC3.16
Absa Stockbrokers0.00$0.35FSCA3.16
COL Financial0.00$0.25SEC3.16
FXGT0.00$0.00CySEC3.16
Standard Bank Online Share Trading0.00$0.40JSE3.15
Zerodha0.00$0.03SEBI3.14
dYdX0.00$0.02Unregulated3.14
Directa SIM0.00$3.00Consob3.14
FirstMetroSec0.00$0.25SEC3.14
Vanguard0.00$0.00SEC3.13
Avanza0.00$0.00Finansinspektionen3.12
HC Securities0.00$0.17EFSA3.12
Renta 40.00$3.95CNMV3.12
CoinSwitch0.00$0.00FIU3.11
NuInvest0.00$0.00CVM3.11
Valutrades0.00$3.50FSA3.11
Bank Hapoalim Brokerage0.00$0.10ISA3.11
JustMarkets0.00$3.00CySEC3.10
Sber Investments0.00$0.06CBR3.10
DKB Broker0.00$0.00BaFin3.10
Nordnet0.00$0.00Finansinspektionen3.10
Upstox0.00$0.05SEBI3.10
XP Investimentos0.00$0.00CVM3.10
Nordea Investor0.00$0.15Finanssivalvonta3.09
Moneyfarm0.00$0.00FCA3.09
Samsung Securities0.00$0.14FSC3.08
Swedbank Börshandel0.00$0.09Finansinspektionen3.08
Smartbroker0.00$0.00BaFin3.08
Angel One0.00$0.05SEBI3.08
Rico Investimentos0.00$0.00CVM3.08
Scalable Capital0.00$0.00CySEC3.08
National Bank Direct Brokerage0.00$0.00CIPF3.08
SEB Investor0.00$0.12Finansinspektionen3.08
Paytm Money0.00$0.00SEBI3.08
Boursorama0.00$0.00AMF3.08
DNB Markets0.00$0.05Finanstilsynet3.08
İş Yatırım0.00$0.12CMB3.07
Garanti Yatırım0.00$0.12CMB3.07
Kiwoom Securities0.00$0.01FSC3.07
KB Securities0.00$0.00FSC3.07
Fortuneo0.00$0.00ACPR3.07
BTG Pactual Digital0.00$0.00BACEN3.07
VPS Securities0.00$0.10SSC3.07
Mirae Asset Sekuritas0.00$0.18OJK3.07
Commerzbank Brokerage0.00$0.10BaFin3.07
Danske Bank Invest0.00$0.10Finanstilsynet3.07
Hantec Markets0.00$4.00ASIC3.06
Yuanta Securities0.00$0.14FSC3.06
Axis Securities0.00$0.00SEBI3.06
NH Investment Securities0.00$0.12FSC3.06
Trade Republic0.00$1.00CySEC3.06
Startrader0.00$3.50CySEC3.06
Mirae Asset0.00$0.15SEBI3.06
Handelsbanken Markets0.00$0.12Finansinspektionen3.06
VNDIRECT0.00$0.15SSC3.06
Acorns0.00$0.00SEC3.06
VTB My Investments0.00$0.05CBR3.06
BUX0.00$0.00CySEC3.06
Fubon Securities0.00$0.14FSC3.06
OP Markets0.00$0.17Finanssivalvonta3.06
Yapı Kredi Yatırım0.00$0.12CMB3.06
Banco Inter Invest0.00$0.00CVM3.06
EFG Hermes0.00$0.15DFSA3.05
Banca Mediolanum0.00$0.19Banca d'Italia3.05
Emirates NBD Securities0.00$0.15DFSA3.05
UniCredit Brokerage0.00$0.19BaFin3.05
PKO BP Brokerage0.00$0.19KNF3.05
IIFL Securities0.00$0.00SEBI3.05
Samco Securities0.00$0.00SEBI3.05
Maybank Investment0.00$0.10BNM3.05
SSI Securities0.00$0.15SSC3.05
Revolut0.00$0.00FCA3.05
Daman Securities0.00$0.15SCA3.04
Al Ramz Capital0.00$0.15SCA3.04
Raiffeisen Invest0.00$0.12FMA3.04
HDFC Securities0.00$0.50SEBI3.04
Mandiri Sekuritas0.00$0.18OJK3.04
Alpha Finance0.00$0.15HCMC3.04
Raiz Invest0.00$0.00ASIC3.04
Nuvama0.00$0.30SEBI3.04
5paisa0.00$0.00SEBI3.04
ICICI Direct0.00$0.55SEBI3.03
Luminor Invest0.00$0.15FKTK3.03
Bourse Direct0.00$0.99AMF3.03
Coinexx0.00$4.00FSA3.03
Piraeus Bank Securities0.00$0.15ECB3.03
Interactive Investor0.00$3.99FCA3.03
NBK Capital0.00$0.15CMA Kuwait3.03
Mubasher0.00$0.15CMA3.03
JS Securities0.00$0.15SECP3.02
Dhan0.00$0.00SEBI3.02
FNB Share Investing0.00$0.30FSCA3.02
Kotak Securities0.00$0.49SEBI3.02
Freetrade0.00$0.00FCA3.01
Sharekhan0.00$0.50SEBI3.01
SuperForex0.00$0.00FSA3.01
Bundle Africa0.00$0.00SEC3.01
Public.com0.00$0.00SEC3.01
Groww0.00$0.05SEBI3.01
Nedbank Share Investing0.00$0.35JSE3.00
Fyers0.00$0.00SEBI3.00
Clear Corretora0.00$0.00ANBIMA2.99
JustTrade0.00$0.00BaFin2.97
PostFinance0.00$3.00FINMA2.96
Raiz0.00$0.00ASIC2.94
ING Beleggen0.00$3.50AFM2.94
Rakuten Trade0.00$0.10SC2.93
Consorsbank0.00$3.90BaFin2.93
Flatex0.00$5.90CySEC2.93
Baraka0.00$0.00DFSA2.93
Comdirect0.00$3.90BaFin2.93
Al Rajhi Capital0.00$0.12CMA2.92
Pearler0.00$6.50ASIC2.92
Jarden Direct0.00$0.00FMA2.92
Qtrade0.00$6.95SEC2.91
Erste Bank Securities0.00$3.90CNB2.91
Self Bank0.00$3.95CNMV2.91
Riyad Capital0.00$0.15CMA2.91
Halyk Invest0.00$0.10AFSA2.91
Sanlam iTrade0.00$0.40FSB2.90
Santander Broker0.00$3.95CNMV2.90
Hugo's Way0.00$3.00FSA2.89
TradeZero0.00$0.00SCB2.89
BNI Sekuritas0.00$0.17OJK2.88
Old Mutual Securities0.00$0.50FSB2.87
Global Prime0.00$3.00ASIC2.87
Coronation Securities0.00$0.75SEC Nigeria2.87
Stanbic IBTC0.00$0.75SEC Nigeria2.86
Axiory0.00$3.50FSA2.86
Hatch0.00$3.00FMA2.84
BUX0.00$0.00AFM2.84
Ualá0.00$0.00CNBV2.84
Superhero0.00$2.00ASIC2.83
Hargreaves Lansdown0.00$11.95FCA2.79
SelfWealth0.00$9.50ASIC2.78
Charles Stanley Direct0.00$11.50FCA2.78
CIBC Investor's Edge0.00$6.95CIPF2.77
Bajaj Broking0.00$0.00SEBI2.76
ANZ Share Investing0.00$13.00ASIC2.76
Keytrade Bank0.00$7.50FSMA2.76
AJ Bell0.00$9.95FCA2.76
NAB Trade0.00$9.95ASIC2.76
CommSec0.00$10.00ASIC2.75
Westpac Share Trading0.00$19.95ASIC2.75
Lightyear0.00$0.00FCA2.74
StocksApp0.00$0.00FINMA2.69
TD Direct Investing0.00$9.99CIPF2.67
BMO InvestorLine0.00$9.95IIROC2.66
Headway0.00$0.00IFSC2.61
Vivid Money0.00$0.00BaFin2.56
ASB Securities0.00$30.00FMA2.51
PrimeXBT0.00$0.05FSA3.39
Luno0.10$0.25FCA3.91
XTB0.10$0.00FCA3.81
Exness0.10$3.50CySEC3.77
Dukascopy0.10$3.50FCA3.71
Bybit0.10$0.06FSA3.64
OKX0.10$0.08FSA3.62
WhiteBIT0.10$0.10FSA3.60
KuCoin0.10$0.10FSA3.60
Coincheck0.10$0.00FSA3.60
FXTM0.10$0.50CySEC3.59
bitFlyer0.10$0.15FSA3.58
Gate.io0.10$0.20FSA3.56
HTX0.10$0.20FSA3.56
Bitfinex0.10$0.10FSA3.53
Binance0.10$0.103.36
GO Markets0.10$3.00ASIC3.33
Bitget0.10$0.063.29
FXChoice0.10$0.00IFSC3.03
Kraken0.20$0.16CFTC4.52
Interactive Brokers0.20$0.01SEC4.43
FXCM0.20$0.00FCA3.66
HYCM0.20$0.00CySEC3.56
Purple Trading0.20$3.00CySEC3.46
Amarkets0.30$0.00FSA3.14
Crypto.com0.40$0.07MAS4.48
Saxo Bank0.40$0.08MAS4.00
Alpari0.40$0.00FSA3.12
Grand Capital0.40$0.00FSA3.10
Coinbase0.50$0.60FCA4.51
Gemini0.50$0.35CFTC4.47
Bitstamp0.50$0.40FCA4.45
City Index0.50$0.00MAS4.06
Deriv0.50$0.00MAS3.77
Trading 2120.50$0.00CySEC3.57
ActivTrades0.50$0.00CySEC3.56
Equiti0.50$0.00FCA3.23
Orbex0.50$0.00CySEC3.10
IG Group0.60$0.00SEC4.33
OANDA0.60$0.00ASIC4.09
FxPro0.60$0.00FCA4.09
Plus5000.60$0.00MAS3.98
Capital.com0.60$0.00CySEC3.96
XM0.60$0.00CySEC3.92
Markets.com0.60$0.00FCA3.76
Octa0.60$0.00CySEC3.54
Phillip Nova0.60$0.00MAS3.39
Spreadex0.60$0.00FCA3.35
Amana Capital0.60$0.00DFSA3.33
FxPesa0.60$0.00CMA3.27
Scope Markets0.60$0.00CMA2.92
CMC Markets0.70$0.00MAS4.04
EasyMarkets0.70$0.00ASIC3.61
NAGA0.70$0.00CySEC3.53
Skilling0.70$0.00CySEC3.45
Forex.com0.80$0.00MAS4.40
ACM Gold0.80$0.00FSCA3.03
Darwinex0.80$3.50FCA3.01
AvaTrade0.90$0.00MAS3.98
NordFX0.90$0.00FSA3.00
ForTrade1.00$0.00FCA4.19
eToro1.00$0.00CySEC4.01
CM Trading1.00$0.00FSCA2.98
Swissquote1.30$0.00MAS3.80
BDSwiss1.50$0.00CySEC3.19

Methodology

Spread data is sourced directly from each broker's official documentation and verified against live account conditions where possible. "Min Spread" refers to the lowest advertised spread on EUR/USD (the most liquid pair), typically available on ECN or raw-spread account types. Commission figures represent the per-lot round-turn cost.

Actual trading spreads may vary based on market volatility, time of day, account type, and trade size. The figures presented here serve as a baseline comparison. We update this dataset regularly as brokers adjust their pricing structures.

For details on how we evaluate and score brokers overall, see our ranking methodology.

Related Data & Rankings

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Frequently Asked Questions

1

What is a good forex spread?

A good spread for EUR/USD is typically under 1.0 pips for standard accounts and under 0.5 pips for ECN/raw spread accounts. The industry average across all brokers in our dataset is around 0.8–1.2 pips. Lower spreads mean lower trading costs, but always factor in commissions too.

2

Why do some brokers show 0.0 pip spreads?

Brokers advertising 0.0 pip spreads typically use a commission-based pricing model. Instead of marking up the spread, they charge a fixed fee per lot traded (usually $3–$7 per lot round-turn). The total trading cost is the spread plus the commission — always compare both.

3

Do spreads change during the day?

Yes. Spreads are typically tightest during the London-New York overlap session (13:00–17:00 UTC) when liquidity is highest. They widen during off-hours, around major news releases, and during market opens. The minimum spreads shown in our data represent the best-case scenario.

4

How does BrokerRank collect spread data?

Spread data is sourced from each broker's official documentation and verified against live account conditions where possible. We report the minimum advertised spread on EUR/USD, typically available on ECN or raw-spread account types. Data is updated regularly.

Risk Disclaimer

Trading forex and CFDs carries a high level of risk and may not be suitable for all investors. Spread and commission data shown here is for informational purposes only and does not constitute financial advice. Past performance and advertised spreads are not guarantees of future results. Always verify current pricing with the broker directly before opening an account.