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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
BlackBull Markets0.00$3.00ASIC3.93
ThinkMarkets0.00$3.50FCA3.92
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
Phillip Capital0.00$0.08MAS3.74
IronFX0.00$3.00ASIC3.71
Libertex0.00$0.00CySEC3.69
Moomoo0.00$0.00MAS3.69
FxOpen0.00$1.50FCA3.66
Exante0.00$0.02CySEC3.64
Axi0.00$3.50FCA3.62
Eightcap0.00$3.50ASIC3.62
E*TRADE0.00$0.00SEC3.60
MultiBank Group0.00$3.00CySEC3.60
Robinhood0.00$0.00SEC3.60
InstaForex0.00$0.00FSA3.59
Webull0.00$0.00FCA3.58
Fidelity0.00$0.00CFTC3.58
Tiger Brokers0.00$0.01MAS3.58
tastytrade0.00$0.00SEC3.56
Fusion Markets0.00$2.25ASIC3.56
Charles Schwab0.00$0.00SEC3.56
Moneta Markets0.00$3.00FSCA3.50
Fineco Bank0.00$2.95Banca d'Italia3.45
TMGM0.00$3.50FCA3.45
Stake0.00$0.00ASIC3.44
Aetos Capital0.00$3.50FCA3.43
Rakuten Securities0.00$0.00FSA3.42
GMO Click Securities0.00$0.00FSA3.42
Monex0.00$0.50SEC3.42
Firstrade0.00$0.00SEC3.41
LiteFinance0.00$2.00FSA3.40
LYNX Broker0.00$4.00FCA3.37
J.P. Morgan Self-Directed0.00$0.00SEC3.37
Avenue Securities0.00$0.00FINRA3.36
LHV0.00$0.00Finantsinspektsioon3.36
Longbridge0.00$0.00SFC3.36
Just2Trade0.00$2.50SEC3.35
VT Markets0.00$3.00ASIC3.35
Sarwa0.00$0.00DFSA3.34
Freedom Finance0.00$2.00SEC3.34
Tickmill0.00$2.00FSCA3.33
Questrade0.00$0.01SEC3.33
SoFi Invest0.00$0.00SEC3.33
Stash0.00$0.00SEC3.32
KSecurities0.00$0.15SEC3.32
OCBC Securities0.00$0.18MAS3.31
UOB Kay Hian0.00$0.18MAS3.31
RHB Securities0.00$0.10MAS3.31
KTBST Securities0.00$0.15SEC3.30
KGI Securities0.00$0.08FSC3.30
CIMB Securities0.00$0.10MAS3.29
Tradeview0.00$2.50CIMA3.28
RoboForex0.00$2.00FSA3.27
mBank0.00$0.19KNF3.27
DEGIRO0.00$1.75FCA3.27
Revolut Trading0.00$0.00FCA3.27
Motilal Oswal0.00$0.00SEBI3.26
Blueberry Markets0.00$3.00ASIC3.24
Wealthfront0.00$0.00SEC3.24
Betterment0.00$0.00SEC3.24
ACY Securities0.00$3.00ASIC3.22
Cash App Investing0.00$0.00SEC3.22
EasyEquities0.00$0.25FSCA3.22
SBI Securities0.00$0.00FSA3.21
Moneybox0.00$0.00FCA3.21
Windsor Brokers0.00$3.00FSA3.21
Capital Index0.00$3.00FCA3.21
M1 Finance0.00$0.00SEC3.20
Wealthsimple0.00$0.00SEC3.20
Bitpanda0.00$1.49CySEC3.20
Vanguard UK0.00$0.00FCA3.19
Merrill Edge0.00$0.00SEC3.19
Bestinvest0.00$0.00FCA3.19
Chipper Cash0.00$0.00FCA3.19
Pacific Union0.00$3.00FSA3.19
InvestEngine0.00$0.00FCA3.19
Weltrade0.00$0.00FSA3.18
HSBC InvestDirect0.00$10.50FCA3.18
FSMOne0.00$0.08MAS3.18
Pionex0.00$0.05FinCEN3.18
Upbit0.00$0.05MAS3.18
Sharesies0.00$0.50ASIC3.18
Nexo0.00$0.50FCA3.18
Tinkoff Investments0.00$0.05CBR3.17
FXGT0.00$0.00CySEC3.16
DBS Vickers0.00$0.18MAS3.16
COL Financial0.00$0.25SEC3.16
BingX0.00$0.04MAS3.16
Phemex0.00$0.01MAS3.16
Ally Invest0.00$0.00SEC3.16
Absa Stockbrokers0.00$0.35FSCA3.16
Standard Bank Online Share Trading0.00$0.40JSE3.15
Blockchain.com0.00$0.40FCA3.15
FirstMetroSec0.00$0.25SEC3.14
Directa SIM0.00$3.00Consob3.14
Zerodha0.00$0.03SEBI3.14
Yellow Card0.00$1.00FSP3.13
AscendEX0.00$0.10MAS3.13
Vanguard0.00$0.00SEC3.13
HC Securities0.00$0.17EFSA3.12
Avanza0.00$0.00Finansinspektionen3.12
Renta 40.00$3.95CNMV3.12
CoinSwitch0.00$0.00FIU3.11
Bank Hapoalim Brokerage0.00$0.10ISA3.11
Valutrades0.00$3.50FSA3.11
NuInvest0.00$0.00CVM3.11
Bitrue0.00$0.10MAS3.11
Nordnet0.00$0.00Finansinspektionen3.10
XP Investimentos0.00$0.00CVM3.10
JustMarkets0.00$3.00CySEC3.10
DKB Broker0.00$0.00BaFin3.10
Upstox0.00$0.05SEBI3.10
Sber Investments0.00$0.06CBR3.10
Nordea Investor0.00$0.15Finanssivalvonta3.09
Moneyfarm0.00$0.00FCA3.09
Paytm Money0.00$0.00SEBI3.08
Smartbroker0.00$0.00BaFin3.08
National Bank Direct Brokerage0.00$0.00CIPF3.08
Rico Investimentos0.00$0.00CVM3.08
SEB Investor0.00$0.12Finansinspektionen3.08
Angel One0.00$0.05SEBI3.08
Scalable Capital0.00$0.00CySEC3.08
Swedbank Börshandel0.00$0.09Finansinspektionen3.08
Samsung Securities0.00$0.14FSC3.08
DNB Markets0.00$0.05Finanstilsynet3.08
Boursorama0.00$0.00AMF3.08
BTG Pactual Digital0.00$0.00BACEN3.07
Danske Bank Invest0.00$0.10Finanstilsynet3.07
İş Yatırım0.00$0.12CMB3.07
Garanti Yatırım0.00$0.12CMB3.07
Bitvavo0.00$0.25CySEC3.07
Commerzbank Brokerage0.00$0.10BaFin3.07
Mirae Asset Sekuritas0.00$0.18OJK3.07
KB Securities0.00$0.00FSC3.07
VPS Securities0.00$0.10SSC3.07
Kiwoom Securities0.00$0.01FSC3.07
Fortuneo0.00$0.00ACPR3.07
VALR0.00$0.10FSCA3.06
Mirae Asset0.00$0.15SEBI3.06
VNDIRECT0.00$0.15SSC3.06
Yapı Kredi Yatırım0.00$0.12CMB3.06
OP Markets0.00$0.17Finanssivalvonta3.06
Yuanta Securities0.00$0.14FSC3.06
Startrader0.00$3.50CySEC3.06
Handelsbanken Markets0.00$0.12Finansinspektionen3.06
Banco Inter Invest0.00$0.00CVM3.06
Acorns0.00$0.00SEC3.06
Trade Republic0.00$1.00CySEC3.06
BUX0.00$0.00CySEC3.06
SwissBorg0.00$0.25FCA3.06
VTB My Investments0.00$0.05CBR3.06
Hantec Markets0.00$4.00ASIC3.06
Fubon Securities0.00$0.14FSC3.06
Axis Securities0.00$0.00SEBI3.06
NH Investment Securities0.00$0.12FSC3.06
Banca Mediolanum0.00$0.19Banca d'Italia3.05
Maybank Investment0.00$0.10BNM3.05
PKO BP Brokerage0.00$0.19KNF3.05
Samco Securities0.00$0.00SEBI3.05
IIFL Securities0.00$0.00SEBI3.05
SSI Securities0.00$0.15SSC3.05
UniCredit Brokerage0.00$0.19BaFin3.05
Revolut0.00$0.00FCA3.05
Al Ramz Capital0.00$0.15SCA3.04
Raiz Invest0.00$0.00ASIC3.04
Nuvama0.00$0.30SEBI3.04
Alpha Finance0.00$0.15HCMC3.04
Daman Securities0.00$0.15SCA3.04
Raiffeisen Invest0.00$0.12FMA3.04
Mandiri Sekuritas0.00$0.18OJK3.04
5paisa0.00$0.00SEBI3.04
HDFC Securities0.00$0.50SEBI3.04
Bourse Direct0.00$0.99AMF3.03
Bitbank0.00$0.12FSA3.03
Mubasher0.00$0.15CMA3.03
Coinexx0.00$4.00FSA3.03
ICICI Direct0.00$0.55SEBI3.03
Interactive Investor0.00$3.99FCA3.03
Piraeus Bank Securities0.00$0.15ECB3.03
Luminor Invest0.00$0.15FKTK3.03
Dhan0.00$0.00SEBI3.02
Kotak Securities0.00$0.49SEBI3.02
JS Securities0.00$0.15SECP3.02
Bitso0.00$0.50CySEC3.02
FNB Share Investing0.00$0.30FSCA3.02
Public.com0.00$0.00SEC3.01
CoinEx0.00$0.20FSA3.01
Sharekhan0.00$0.50SEBI3.01
BitMEX0.00$0.07FSA3.01
Groww0.00$0.05SEBI3.01
Bundle Africa0.00$0.00SEC3.01
SuperForex0.00$0.00FSA3.01
Freetrade0.00$0.00FCA3.01
XT.com0.00$0.20FSA3.01
Nedbank Share Investing0.00$0.35JSE3.00
Fyers0.00$0.00SEBI3.00
MEXC0.00$0.00FSA3.00
Poloniex0.00$0.15FSA2.99
Clear Corretora0.00$0.00ANBIMA2.99
JustTrade0.00$0.00BaFin2.97
PostFinance0.00$3.00FINMA2.96
CoinDCX0.00$0.20FIU2.94
Raiz0.00$0.00ASIC2.94
ING Beleggen0.00$3.50AFM2.94
Flatex0.00$5.90CySEC2.93
Emirates NBD Securities0.00$0.15DFSA2.93
EFG Hermes0.00$0.15DFSA2.93
Rakuten Trade0.00$0.10SC2.93
Comdirect0.00$3.90BaFin2.93
Consorsbank0.00$3.90BaFin2.93
Deribit0.00$0.03Unregulated2.93
Pearler0.00$6.50ASIC2.92
Bitso MX0.00$0.50CNBV2.92
Jarden Direct0.00$0.00FMA2.92
Al Rajhi Capital0.00$0.12CMA2.92
Halyk Invest0.00$0.10AFSA2.91
Self Bank0.00$3.95CNMV2.91
Erste Bank Securities0.00$3.90CNB2.91
NBK Capital0.00$0.15CMA Kuwait2.91
Qtrade0.00$6.95SEC2.91
WazirX0.00$0.20FIU2.91
Riyad Capital0.00$0.15CMA2.91
Mercado Bitcoin0.00$0.30CVM2.90
Sanlam iTrade0.00$0.40FSB2.90
Santander Broker0.00$3.95CNMV2.90
Hugo's Way0.00$3.00FSA2.89
BTSE0.00$0.10FSRA2.89
TradeZero0.00$0.00SCB2.89
Bithumb0.00$0.25FSC2.88
Foxbit0.00$0.50BACEN2.88
BNI Sekuritas0.00$0.17OJK2.88
Global Prime0.00$3.00ASIC2.87
Buda.com0.00$0.80CMF2.87
CoinW0.00$0.20FinCEN2.87
Coronation Securities0.00$0.75SEC Nigeria2.87
Old Mutual Securities0.00$0.50FSB2.87
LBank0.00$0.10FinCEN2.87
CryptoMKT0.00$0.39CMF2.87
BitMart0.00$0.25FinCEN2.86
Stanbic IBTC0.00$0.75SEC Nigeria2.86
Axiory0.00$3.50FSA2.86
ProBit Global0.00$0.20FSC2.85
Ualá0.00$0.00CNBV2.84
Ripio0.00$1.00CNV2.84
Hatch0.00$3.00FMA2.84
BUX0.00$0.00AFM2.84
Superhero0.00$2.00ASIC2.83
Baraka0.00$0.00DFSA2.81
Firi0.00$0.70Finanstilsynet2.81
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
Keytrade Bank0.00$7.50FSMA2.76
AJ Bell0.00$9.95FCA2.76
NAB Trade0.00$9.95ASIC2.76
ANZ Share Investing0.00$13.00ASIC2.76
Bajaj Broking0.00$0.00SEBI2.76
CommSec0.00$10.00ASIC2.75
Westpac Share Trading0.00$19.95ASIC2.75
Lightyear0.00$0.00FCA2.74
dYdX0.00$0.02Unregulated2.74
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
XTB0.10$0.00FCA3.81
Exness0.10$3.50CySEC3.77
Dukascopy0.10$3.50FCA3.71
FXTM0.10$0.50CySEC3.59
Binance0.10$0.10FCA3.36
GO Markets0.10$3.00ASIC3.33
Bitget0.10$0.06MAS3.14
Luno0.10$0.25FCA3.13
Bybit0.10$0.06FSA3.05
OKX0.10$0.08FSA3.04
FXChoice0.10$0.00IFSC3.03
Coincheck0.10$0.00FSA3.02
WhiteBIT0.10$0.10FSA3.01
KuCoin0.10$0.10FSA3.01
bitFlyer0.10$0.15FSA3.00
Gate.io0.10$0.20FSA2.97
HTX0.10$0.20FSA2.97
Bitfinex0.10$0.10FSA2.94
Interactive Brokers0.20$0.01SEC4.43
FXCM0.20$0.00FCA3.66
Purple Trading0.20$3.00CySEC3.46
HYCM0.20$0.00CySEC3.43
Kraken0.20$0.16CFTC3.37
Amarkets0.30$0.00FSA3.14
Saxo Bank0.40$0.08MAS4.00
Crypto.com0.40$0.07MAS3.33
Alpari0.40$0.00FSA3.12
Grand Capital0.40$0.00FSA3.10
City Index0.50$0.00MAS4.06
Deriv0.50$0.00MAS3.77
Trading 2120.50$0.00CySEC3.57
ActivTrades0.50$0.00CySEC3.56
Coinbase0.50$0.60FCA3.36
Gemini0.50$0.35CFTC3.32
Bitstamp0.50$0.40FCA3.30
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
FxPesa0.60$0.00CMA3.27
Amana Capital0.60$0.00DFSA3.21
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
eToro1.00$0.00CySEC4.01
ForTrade1.00$0.00FCA3.81
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.