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
Pepperstone
AxiTrader
City Index
FxPro
CMC Markets
Our Rating
9.17
4.83
6.83
5.46
7.17
78.6% of retail CFD accounts lose money
72.6% of retail investor accounts lose money when trading CFDs with this provider
74% of retail CFD accounts lose money
75.54% of retail CFD accounts lose money
78% of retail investor accounts lose money when
spread betting and/or trading CFDs with this provider

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 £2.29 Side-Trip (MetaTrader)
USD$3.50
USD$0.45 (cTrader)
Commission Rebates
Minimum Deposit
GBP £200
$0
USD $100
$0
Swap Free 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 (Singapore)
500:1 (Australia / International)
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
Trade in 4,500 global markets
1,300,000 client accounts
Offers both CFD and Stock trading
Unique Feature 2
Award Winning Customer Support
Award-winning customer service
Flexible leverage
Choice of CFD or Spreads Betting
Trade Treasury notes

Overall

Pepperstone
AxiTrader
City Index
FxPro
CMC Markets