Best Forex Broker With Lowest Spread (Top 10) In 2021

Low Spread Forex Broker

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. 

 best Lowest Spread Forex Brokers 2021. 

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.

Low Spread Forex Broker

Table of Contents

Top Forex Brokers With Low Spreads 2021

  • 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

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

Real reviews of EXNESS 2021: FPA

exness

exness

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

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.

Here are some of the features of XM Ultra Low Account Spread:

  • leverage from 1:1 to 1:888
  • spreads from 0.6 pips
  • Best Execution Policy
  • Fractional pip pricing
  • zero commissions
  • Trade with NO hidden fees
  • 100+ Financial Instruments
  • 6 Asset Classes
  • 16 Trading Platforms

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

Real reviews of XM 2021: FPA

exness

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

           Trade Forex With Ultra Low Spreads – Over 3.5M Traders Choose XM

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.

Here Are Some Of The Features Of Hotforex Zero Spread Account:

  • Super Tight Spreads
  • Average Spread On Eur/Usd
  • Starts At 0.1 Pips
  • Raw Spreads With 0 Markup
  • Trade The World’s Markets With Low Costs
  • Low Commissions & Super Tight Spreads
  • Trade With Low Costs
  • Low Commissions
  • Personal Account Manager
  • 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

Real reviews of Hotforex 2021: FPA

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

        Hotforex Zero Spread Account –  REGULATED BROKER 2,500,000+ LIVE ACCOUNTS OPENED

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

MORE FOREX GUIDES

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

TRADING ON ECN ACCOUNT – OPEN AN ACCOUNT WITH ROBOFOREX

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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