Best Forex Broker With Lowest Spread (Top 10) In 2023

Having the services of an experienced and regulated forex broker can help you a lot while you are forex trading. But with so many forex traders already providing services, it isn’t an easy job selecting the best one to meet your needs. If you are someone starting fresh, there are a few characteristics you can watch out for while selecting the best forex brokers With Lowest Spreads. One of the major characteristics of a good forex broker is to provide traders with low spreads. While there are many forex trading platforms out there, it is only a few that provide users with options for lowering costs on their forex operations.

These forex brokers help cut down financial losses for traders by offering their low spreads. Thanks to these features, traders can secure their funds and make profits.The above mentioned forex brokers not only provide low spreads but also provide traders with a secure and reliable trading platform. They offer excellent customer service and a variety of trading resources and tools to make trading easier for users- both experienced and novice. With an intuitive and robust trading platform on offer, these forex brokers cut through the competition and are a favorite among traders these days.

XM – best overall offer 2021, Best Broker With Lowest Spread
Exness – best Forex Broker for Beginners
Hotforex– Lowest trading fees, Low spread forex broker for scalping
Octafx – Lowest spread novice ECN broker
Roboforex – Best trading tools and demo account
FXTM – MetaTrader 4 and MetaTrader 5 platform support
Easymarkets – great trading platform

best Lowest Spread Forex Brokers 2023

Lowest Spread Forex Brokers

1. EXNESS

Founded in 2008, Exness is a leading forex broker that has licenses from CySEC, FCA, and FSA to operate in the forex market. Currently, Exness has more than 80,000 active traders on its platform who have an option to trade on a variety of financial instruments, besides forex. Through the broker’s MT4 and MT5 trading platforms, users can also trade in metals, cryptocurrencies, indices, stocks, and energies.

Exness users are offered a variety of deposit and withdrawal methods like e-wallets and bank cards. Furthermore, there are plenty of educational resources and tools to select from, like trading calculators, videos, articles, live market analysis, WebTV, an economic calendar, etc.
Leverages up to 1:2000 and commission-free trading accounts are available with Exness which makes the forex broker one of the preferred ones on the market. The customer support features are available for Exness users 24/5 in 13 languages. Their customer support staff can be reached via Email and live chat.

Regulated by: FCA, Cysec
Year in Industry: 2008
Spreads: Variable
Trading Platform(s): MT4, MT5
Minimum Deposit: $1
Maximum Leverage: 1:2000
Minimal size lot: 0.01 lot
Payments Options: Webmoney, Wire Transfer, Bitcoin, Perfect Money, Credit/Debit card

PROS

Impressive range of forex pairs for trading
Availability of 24/5 customer support
Availability of commission-free trading options
Variety of deposit modes like Skrill, Visa, Mastercard, FasaPay, Bank Transfers, etc.
Different mobile trading options
Suitable for both professionals and beginners
Offers advanced range of analysis and research tools

2.XM

If you are an online forex broker with lots of experience and positive reviews, then XM fits the bill perfectly. With more than 1000 financial instruments on offer through XM, there is so much an experienced and novice forex trader to look forward to. As a user, XM’s trading platform can be accessed from anywhere in the world. Furthermore, the forex broker is regulated by different financial authorities, including IFSC (the International Financial Services Commission of Belize), ASIC (the Australian Securities and Investments Commission), and CySEC (the Cyprus Securities and Exchange Commission).

Xm offers variable spreads. they guarantee to provide only this type because fixed spreads are normally higher and they can stay competitive enough to assure their clients that their spreads always stay low. that’s why they have over 3 million accounts open. these spreads are all query free and generally very competitive in all areas. micro and standard account spreads on all majors start as low as 1 pips while Zero prevent account holders can expect spreads as low as O pips.

All the financial instruments available through XM can be traded through its Metatrader4/Metatrader 5 platforms. Some of the options available for trading include CFDs on energies and precious metals, CFDs on stock market indices, CFDs on raw materials, CFDs, equities, currency trading, etc. Established in 2009, XM is operational in 120 cities

worldwide and has helped in execution of millions of trades with almost nil re-quotes or rejections. XM provides three different trading accounts for users – XM Zero, Micro, and Standard. The forex broker also offers an Islamic account without swaps.

Regulated by: ASIC, IFSC, Cysec

Year in Industry: 2009

Spreads: Variable

Trading Platform(s): MT4, MT5

Minimum Deposit: $5

Maximum Leverage: 1:888

Minimal size lot: 0.0001 lot

Payments Options: Wire Transfer, Neteller,, Skrill, Credit/Debit cards, Multiple Local Payment

Pros
Multiple awards
More than 3.500.000 international customers
Account Currencies: USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR.
Low spreads, low commissions & fast trade execution speeds
Low spreads from 0 Pips
Leverage up to 888:1
No requotes, No slippages policy
Negative balance protection
Fast and easy account opening
Hedging, scalping & expert advisors allowed
Support in nearly 30 languages
16 full feature trading platforms
Free VPS for clients who maintain a balance (Equity-Credit) USD ✅ 5,000 or currency equivalent. No end date for this promotion;
SWAP Free Islamic
Incredible educational tools
No withdrawal fee
Good customizability
Price alerts
Great trading ideas

3. EASYMARKETS

Also known in the forex world as ‘easy-forex’, EasyMarkets came into existence in 2001. Today, the broker boasts of having a turnover of more than $1.5 trillion and has more than 100,000 active traders on its platform. EasyMarkets has offices in Sydney, Warsaw, and Shanghai. It is licensed by MiFid in Europe and ASIC in Australia and regulated by CySEC in Cyprus.

To open a Standard account with EasyMarkets, users need at least $100 for making an initial deposit. There’s an Islamic account on offer through EasyMarkets which is beneficial for those traders that wish to carry over trades for the next day without worrying about any kind of rolling fee. Also, for those that are just starting in the forex trading world, there’s a demo account. However, for this, the traders need to choose the proprietary platform of the broker. Traders with a VIP account get cash rebates and SMS alerts regularly.

In addition to forex, EasyMarkets has other asset classes like metals, indices, energy, cryptocurrencies, and agricultural goods. The trading platform of the broker is innovative and includes dealCancellation tool that is not available on any other broker’s platform.

Regulated by: ASIC, CYSEC
Year in Industry: 200
Spreads: Fixed
Trading Platform(s): Trade desk, Web trading, Metatrader 4
Minimum Deposit: $100
Maximum Leverage: 1:200
Minimal size lot: 0.05 lot
Payments Options: PayPal, Wire transfer, Skrill, Credit cards

PROS

Low fixed spreads
Trustworthy platform
Responsive customer support
Easy mobile trading
Innovative trading platform with great features
No commission
Availability of different trading instruments
Variety of deposit and withdrawal modes
Lots of educational programs and materials
Consistent bonuses and promotions

4.Hotforex

When you are looking for a reputed and well-established commodities and forex broker, HotForex comes to mind. The award-winning forex broking company provides a variety of trading facilities and services to both institutional and retail clients.It was established in 2010 and has the license to operate from CySEC, FCA, FSC, DFSA, BaFin, and FSB. Different products that can be traded on HotForex’s platform include forex, CFDs on commodities, Spot Metals, cryptocurrencies, Shares and Oil, bonds, and indices.

HotForex offers mainly variable tight spreads, most starting at 1 pip on the EUR/USD. The only exception is the Zero Spread account. HotForex ZERO Spread Account has an opening deposit of $200, it is suitable for all late traders, but has more potential for scalpers, high volume trades and traders with Expert Advisors. You will receive RAW, Super-Tight HotForex spreads with a HotForex ZERO Spread account. It offers a highly transparent commission-based structure with commissions starting at $0.04 USD per 1K lot.

Leverage Up To 1:5001000+ Instruments In The Main 8 Asset Classes
Given its policy of providing the best trading environment to traders and scalpers, HotForex has achieved a position where it is one among the most preferred forex brokers for traders across the globe. The forex broker has the distinction of providing unrestricted access to liquidity and expert advice solutions to users through its HotForex PAMM system and MT4/MT5 platforms. HotForex makes it easier for traders to calculate their positions by not charging additional commission or fees. However, for positions that are held for more than a day, a small rollover fee is charged. HotForex was founded in 2010 and is headquartered in Larnaca. It has offices in South Africa, Dubai, St Vincent and the Grenadines, read this article on forex brokers uae.

Regulated by: DFSA, FCA, FSC, FSCA

Year in Industry: 2010

Spreads: Variable

Trading Platform(s): MT4, MT5, Webtrader and Mobile Trading

Minimum Deposit: $200

Maximum Leverage: 1:500

Minimal size lot: 0.01 lot

Payments Options: Credit/Debit cards, Wire Transfer, Neteller, Bitcoin, Skrill, Webmoney

Pros
OVER 2.5MILLION ACCOUNTS
Winner of over 40 Industry Awards
Regulations of HF Markets Group include:FCA, DFSA, FSCA and FSA
Lower Spreads
Low spreads from 0 Pips
Faster Execution
Advanced Trading Tools
Segregation of funds
Swap-Free Islamic trading account
No deposit or withdrawal fees
Commission-free trading accounts available.
No price requotes
No deposit or withdrawal fees
HotForex offers negative balance protection
Forex Tools: Trading Central, One Click Trading, EA Support
Free VPS hosting
Multiple trading platforms
Multilingual 24/5 customer support
Availability of bonuses and promotions
Automated trading features
Scalping, EAs and Hedging
Different trading platforms
Expert advisors
1st deposit bonus

5. Octafx

There are several reasons why OctaFX has won several awards over the years. Some of these reasons include smooth and safe trading conditions, fast trade executions, floating spreads as low as 0.02 pips, and others. OctaFX has many interesting and useful trading features that make it an ideal trading partner for all types of traders.

Regulated by: CYSECYear in Industry: 2011Spreads: FloatingTrading Platform(s): MT4, MT5, CtraderMinimum Deposit: $50Maximum Leverage: 1:5OOMinimal size lot: 0.01 lotPayments Options: Wire transfers, Skrill, WebMoney, Neteller, Perfect Money, Credit cards, Bitcoin

Pros
Low min deposit
Low trading costs
Spreads from 0.4 points
Opportunity to execute orders quickly
Platforms: MetaTrader 4/5, cTrader
Scalping, hedging, and EAs are all permitted strategies
Guaranteed stop loss
50% deposit bonus is possible

6. ROBOFOREX

Roboforex was founded in 2009 and is headquartered in Belize and regulated by IFSC and Cysec. It offers more than 12,000 financial products and 7 asset classes are part of the broker’s portfolio. the broker also offers the choice of six different trading platforms, including two excellent social trading platforms.

Roboforex offers customer service in over 19 different languages, has some of the lowest spreads in the industry, has leverage up to 1:2000 (non-EU customers) on certain assets and provides insurance for customer deposits, and offers many different bonuses and promotions.

Regulated by: CYSEC, IFSC
Year in Industry: 2009
Spreads: Floating
Trading Platform(s): MT4, MT5, Ctrader, Rtrader
Minimum Deposit: $10
Maximum Leverage: 1:2000
Minimal size lot: 0.01 lot

PROS

Low CFD fees
Spreads from 0.0 pip and 6 different account models
Fast execution
No fees on deposit and withdrawal (20 different payment methods)
Forex Brokers Scalping and Expert Advisors are allowed
There is an own social trading platform
Trade more than 12,000 instruments
Free trading signals and research tools
Exclusive trading tools
Prime, ECN, and R Trader Accounts Have Excellent Trade Conditions
No hidden costs
Negative balance protection
Market-leading insurance

7.FXTM

FXTM enjoys an excellent reputation in the forex market. Its users can choose between Metatrader 4 and Metatrader 5 for trading purposes. For users that wish to trade on their mobile devices, FXTM has a Metatrader 4 app that is downloadable on both iOS and Android devices. All a user needs to do is log on and start trading in the forex market.
Formerly known as Forextime, FXTM was established in 2011 in Cyprus. The company is registered with both CySEC and FCA and provides a lucrative trading environment for both experienced and novice traders around the world. Users can always stay assured of their security and privacy as this forex broker uses encryption software to protect ones identity and details online.

There are many deals and promotions users can look forward to while trading with FXTM. The broker also provides an extremely strong and comprehensive range of educational materials for users to make use of while trading in the forex materials. These options are available in the form of articles, tutorials, webinars, EBooks, seminars, etc.

Regulated by: FSC, IFSC, CYSEC, FCA
Year in Industry: 2010
Spreads: Variable
Trading Platform(s): MT4, MT5, WEBTRADER
Minimum Deposit: $10
Maximum Leverage: 1:1000
Minimal size lot: 0.01 lot
Payments Options: wire transfers, Skrill, WebMoney, Neteller, CasuU, Credit cards

PROS
Fast and digital account opening
Excellent educational tools
Reliable customer service
User-friendly service
Fast deposit and withdrawal
Good customizability for workspace and charts
Price alerts
Trading ideas using technical analysis
Regulated by top-tier FCA

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