Lowest Commission Forex Brokers

Fusion Markets charges US$2.25 per side (US$4.50 round turn) on its Zero account, the lowest commission of the ten brokers we ranked. What separates it further is transparency: Fusion publishes hourly average spreads for the past month as a chart, rather than one number. We calculated the unweighted mean of 515 of those published hourly EUR/USD averages, covering 27 August to 25 September 2026, at 0.0268 pips, shown as 0.03. That gives an all-in cost of US$0.30 plus US$4.50, or US$4.80 per lot, the lowest all-in cost we can work out on this page. If you trade raw accounts, that is the benchmark to beat.

If you would rather avoid commission altogether, Fusion's Classic account adds 0.80 pips to the Zero spread, by Fusion's own note, which works out to 0.83 pips on EUR/USD in our dataset, and it carries no commission. There is no minimum deposit. You can trade on MT4, MT5, cTrader, or TradingView, so the platform question is settled either way. Fusion holds ASIC, VFSC (Vanuatu), and FSA Seychelles licences, and I would check the entity your client agreement names before you fund the account, because protections differ by regulator. Our Trading Costs score for Fusion is 10 out of 10, and its overall rating is 85.

GO Markets charges US$2.50 per side per 100,000 in US dollars on its GO Plus+ account (US$5 round turn), quoted for its FSC Mauritius entity on its spreads and pricing page. It ties with CMC Markets on the commission, and the tie goes to the broker with the higher published rating, which places GO Markets second. Its table shows 0.1 pips under "Average (pips)" for EUR/USD, with no period stated, so treat the figure with that caveat. We calculated the all-in cost at US$1.00 plus US$5.00, or US$6.00 per lot. If you want a low commission with a labelled average spread, this is where you land.

When you weigh GO Markets' GO Plus+ account, the commission is US$2.50 per side (US$5 round turn) per 100,000, quoted for its FSC Mauritius entity, which is the entity that serves clients outside the regions its ASIC and CySEC entities cover. If you trade outside Australia, note that cTrader, TradingView and GO TradeX are reserved for Australian clients; you get MT4 and MT5. If you would rather avoid commission altogether, GO Markets' Standard account averages 0.9 pips on EUR/USD with no commission, which costs more per lot than the raw account's all-in US$6.00. Its overall rating is 68.8.

CMC Markets ties with GO Markets at US$2.50 per side and takes third place on its higher published rating. Its FX Active account charges 0.0025% per transaction, which CMC itself states as US$2.50 per US$100,000 of currency traded, US$5 to open and close, on selected currency pairs. One caveat sits in the spread table: CMC heads it "min spread", so you see a minimum, and no all-in cost can be worked out from its own figures. You are dealing with a broker regulated by ASIC, the FCA in the UK, BaFin, CIRO in Canada, MAS, the FMA in New Zealand, and the BMA in Bermuda.

BlackBull Markets charges US$3.00 per side (US$6.00 round turn) on its ECN Prime account, published on its account comparison page and read on 27 September 2026. That puts it fourth and, because it carries the highest published rating among the six brokers at US$3.00, it leads that group. Its spreads are published "from 0.0" pips, a minimum with no average, so no all-in cost can be worked out. Its FMA and FSA Seychelles regulation and no minimum deposit suit traders who want a low entry bar.

Fifth place goes to FP Markets, whose Raw account publishes US$3 per side (US$6 round turn) on a US dollar account, from its forex spreads page. Its table shows 0.1 pips for EUR/USD in a column headed "Avg" in September 2026, though its own text calls the figures typical spreads and states no method. Our arithmetic puts the all-in cost at US$1.00 plus US$6.00, which equals US$7.00 per lot. With a US$100 minimum deposit, it suits traders watching their starting balance.

Tickmill sits sixth in the US$3.00 group, behind BlackBull Markets and FP Markets on published rating. Its Raw account charges US$3.00 per side (US$6.00 round turn), and the page we read rendered as its CySEC version, so check the entity you join. The 0.1 pips EUR/USD figure sits in a column headed "Typical Spread", and Tickmill does not call that figure an average. At 0.1 pips the all-in cost would be US$7.00, but treat that as a guide only. Minimum deposit is US$100.

Vantage sits seventh on US$3.00 per side for its Raw ECN account, published on its Raw ECN page as shown for Vantage Global, the entity regulated by the VFSC. Our broker dataset holds a different Raw ECN commission for its Australian and UK clients, so check the entity you join before comparing. Spreads are published "as low as 0.0" pips, a minimum, so no all-in cost can be worked out from its own figures. The US$200 minimum deposit is worth noting if you are starting small.

Admirals ranks eighth in the US$3.00 group on published rating, below BlackBull Markets, FP Markets, Tickmill and Vantage. We rank it on the US$3.00 entry tier, the figure a new client pays, because Admirals publishes a range of US$1.80 to US$3.00 per lot per side, tiered by monthly volume. Our dataset holds the tiers as round-turn figures: US$6.00 up to US$10 million traded a month, US$4.80 from US$10 million to US$50 million, and US$3.60 above US$50 million. Its minimum deposit is US$100.

Ninth is HFM, whose Zero account page, rendered for HF Markets Ltd, the FSC Mauritius entity, publishes US$3 per side (US$6 round turn) per 100,000 on currency pairs. Spreads are published "as low as 0.0", a minimum, so no all-in cost can be worked out. It carries the lowest published rating of the ten, which is where it lands once the rule settles the US$3.00 group. With no minimum deposit, it suits you if you want to start without committing funds upfront.

Pepperstone takes tenth with a commission "from US$3.50 per lot, per side" (US$7 round turn), published on its trading accounts page for the global Bahamas SCB entity. Nine brokers publish US$3.50 per side, and it leads that group because it carries the highest published rating among them. It publishes an average EUR/USD spread of 0.1 pips over 1 to 31 August 2026, so the all-in cost works out at US$1.00 plus US$7.00, or US$8.00 per lot. Its Standard account averages 1.1 pips with no commission, or US$11 per lot, if you would rather avoid commissions.