The UK Top 6 Low Spead Forex Broker List

The UK Top 6 Low Spead Forex Broker ListBased on average spreads in 2020 the lowest spread forex brokers across each category are:

  • Pepperstone For The Overall Lowest Spread Broker
  • AxiTrader For The Low Spreads MT4 Only Broker
  • City Index For The Lowest Spread Only Trading Account
  • OANDA For The Lowest Minimum Deposit Account
  • FX Pro For The Best Value Fixed Spread Broker
  • CMC Markets For The Lowest Spread Betting Account

Broker Reviewed

Pepperstone
AxiTrader
City Index
FxPro
CMC Markets
Our Rating
9.17
7.33
6.83
5.46
7.17
71.4% of retail CFD accounts lose money
Good for MetaTrader 4 traders
72% of retail CFD accounts lose money
77% of retail CFD accounts lose money
Trade with CFDs and on Stock Market

Regulations and Licenses

Feature
Pepperstone
AxiTrader
City Index
FxPro
CMC Markets
FCA (UK)

Brokerage

Feature
Pepperstone
AxiTrader
City Index
FxPro
CMC Markets
EUR/USD Avg. Raw Spread
0.13
0.44
0.10
GBP/USD Avg. Raw Spread
0.51
0.85
AUD/USD Avg. Raw Spread
0.18
0.42
EUR/USD Standard Spread
1.13
1.0
0.8
1.4
1.2
EUR/USD Fixed Spreads
N/A
1.6
Commissions (USD Base)
GBP £2.295 Side Trip (MetaTrader)
USD$3.50
USD$0.45 (cTrader)
Commission Rebates
Minimum Deposit
GBP £200
$0
USD $100
$0
Has Islamic Account
No Inactivity Fees
Funding Methods
3
12
6
4
6
No Funding Fees

Markets and Instruments

Feature
Pepperstone
AxiTrader
City Index
FxPro
CMC Markets
Currency Pairs
61+
80+
84+
70+
339+
Cryptocurrency CFDs
5+
6+
5+
12+
Index CFDs
14+
31+
21+
24+
46+
Share CFDs
60+
4500+
150+
9000+
Commodities CFD
15+
28+
29+
10+
111+
Stockbroking
9000+
Retail Max. Leverage
30:1
30:1 (FCA) 400:1 (ASIC) 50:1 (DFSA)
20:1
30:1
30:1 (Europe) / 20:1 (SG) / 500:1 (intl)
Professional Leverage
500:1
400:1 (FCA)
400:1
500:1
500:1

Trading Platforms + Tools

Feature
Pepperstone
AxiTrader
City Index
FxPro
CMC Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
MT4 only
MetaTrader 4 only
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
ESMA regulated territories only
Only in ESMA regulated territories
Demo Account
Unique Feature 1
Commission rebates for active traders
MetaTrader 4 specialist
Best for beginners
1,300,000 client accounts
Offers both CFD and Stock trading
Unique Feature 2
Award Winning Customer Support
Award winning customer service
Choice of CFD or Spreads Betting
Trade Treasury notes

Overall