Best Forex Brokers With Low Commission

Our December 2022 analysis found the best low commission forex brokers are:

  • fusion markets logo Fusion Markets – Lowest Commission Forex Broker
  • Pepperstone Pepperstone – Best Low Spread No Commission Forex Broker
  • FP Markets FP Markets – Good Low Commission ECN Forex Broker
  • IC Markets IC Markets – Great Low Spread And Low Commission Forex Broker
  • go markets logo GO Markets – Lowest Commission Forex Broker for EUR Traders
  • fxtm logo FXTM – Best High Leverage Low Commission Forex Broker
  • avatrade logo AvaTrade – Lowest Fixed Spread Forex Broker
  • IG IG Markets – Good Low Commission Broker With Risk Management Tools

Fusion Markets
Pepperstone
FP Markets
IC Markets
FXTM
Our Rating
8.17
9.33
8.17
8.50
6
Industry low commission fees
Smart Trader Tools
Fastest Limit Order Execution Speed
No Dealing Desk
Floating leverage

Regulations and Licenses

Feature
Fusion Markets
Pepperstone
FP Markets
IC Markets
FXTM
ASIC (Australia)
FCA (UK)
FSCA (South Africa)
CYSEC (Cyprus)
DFSA (Dubai)
BaFin (Germany)
FSC (Mauritius)
SCB (Bahamas)

Brokerage

Feature
Fusion Markets
Pepperstone
FP Markets
IC Markets
FXTM
EUR/USD Avg. Raw Spread
0.02
0.17
0.20
0.02
0.3
GBP/USD Avg. Raw Spread
0.09
0.59
0.70
0.23
0.5
AUD/USD Avg. Raw Spread
0.50
0.24
0.40
0.17
0.5
EUR/USD Standard Spread
-
0.77
1.30
0.62
1.9
EUR/USD Fixed Spreads
-
-
-
Commissions (USD Base)
$2.25
$3.50
$3.00
$3.50
$2.00
Minimum Deposit
$0
$0
$100
$0
$500
Swap Free Account
Yes
No Inactivity Fees
Funding Methods
12+
16+
10+
15+
13+
No Funding Fees

Markets and Instruments

Feature
Fusion Markets
Pepperstone
FP Markets
IC Markets
FXTM
Currency Pairs
90+
62+
63+
61+
63+
Cryptocurrency CFDs*
10+
12+
4+
18+
-
Index CFDs
10+
14+
14+
16+
11+
Share CFDs
-
300+
12,986+
100+
180+
Commodities CFD
16+
9+
7+
26+
7+
Stockbroking
-
-
10+
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
30:1
Pro. Max Leverage (Australia)
500:1
500:1
500:1
500:1
300:1
Retail Max. Leverage (The United Kingdom)
-
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
-
30:1
Pro. Max. Leverage (The United Kingdom)
-
500:1
500:1
-
300:1
Retail Max. Leverage (Europe)
-
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
30:1
Pro. Max. Leverage (Europe)
-
500:1
500:1
500:1
300:1
Retail Max. Leverage (UAE)
-
Major Pairs 30:1
Minor Pairs 20:1
-
-
30:1
Pro. Max. Leverage (UAE)
-
500:1
-
-
300:1
Retail Max. Leverage (With offshore regulators)
500:1
200:1
500:1
500:1
Accounts:
Advantage & Advantage+ 2000:1
Micro Account 1000:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Fusion Markets
Pepperstone
FP Markets
IC Markets
FXTM
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Fusion Markets
Pepperstone
FP Markets
IC Markets
FXTM
Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 8.17 ASIC, VFSA 0.02 0.09 0.50 110ms $0 90+ 10+ 500:1 500:1
Visit Broker > 9.33 SCG, ASIC
FCA, CySEC
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 8.17 ASIC, CySEC 0.20 0.70 0.40 95ms $100 63+ 4+ 30:1 500:1
Visit Broker > 8.50 ASIC, FSA
CySEC
0.02 0.23 0.17 130ms $0 61+ 18+ 30:1 500:1
Visit Broker > 6 FCA, FSCA
FSC
0.3 0.5 0.5 160ms $500 63+ - 30:1 300:1