Compare low spread forex brokers that are FCA regulated based on the lowest spreads published in December 2023 and other UK forex broker fees. Finalists include the best no commission, fixed spread and 0 spread forex brokers.
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Our list of the UK forex brokers with the tightest spreads is:
| Broker | Our Rating | Regulation | Standard EUR/USD Spread |
Standard GBP/USD Spread |
Standard AUD/USD Spread |
Raw EUR/USD Spread |
Raw GBP/USD Spread |
Raw AUD/USD Spread |
Commissions (USD Base) |
MetaTrader 4 | MetaTrader 5 | cTrader | Execution Speed | Minimum Deposit | Currency Pairs | Crypto CFDs | Retail Leverage | Prof. Leverage | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
9.33 |
FCA CySEC |
1.12 | 1.69 | 1.22 | 0.1 | 0.6 | 0.3 | $3.50 |
|
|
|
77ms | $0 | 62+ | 12+ | 30:1 | 500:1 |
|
|
8.33 |
CySEC CBI, KNF |
- | - | - | - | - | - | - |
|
|
|
160ms | $100 | 55+ | 15+ | 30:1 | 400:1 |
|
|
7.93 |
FCA BaFin, CySEC |
1.3 | 1.4 | 1.7 | 0.30 | 0.90 | 0.40 | $3.00 |
|
|
|
150ms | $300 | 42+ | 7+ | 30:1 | 500:1 |
|
|
6.83 |
FCA ASIC, MAS |
0.70 | 1.1 | 2.2 | - | - | - | - |
|
|
|
95ms | $150 | 84+ | 25+ | 30:1 | 500:1 |
|
|
7.46 |
FCA CySEC |
1.32 | 1.7 | 1.95 | 0.32 | 0.37 | 0.51 | $3.50 |
|
|
|
151ms | $0 | 69+ | 30+ | 30:1 | 200:1 |
|
|
7.17 |
FCA BaFin |
1.12 | 1.30 | 1.64 | 0.5 | 0.9 | 0.6 | $2.50 |
|
|
|
138ms | $0 | 338+ | 19+ | 30:1 | 500:1 |
|
|
8.83 |
FCA CIRO |
0.6 | 0.9 | 0.7 | - | - | - | - |
|
|
|
- | $0 | 70+ | 4+ |
|
||
|
4.83 | FCA | 1.2 | 1.3 | 1.3 | 0.44 | 0.85 | 0.42 | $3.50 |
|
|
|
90ms | $0 | 72+ | 11+ | 30:1 | 400:1 |
|
In 2023 we listed the best forex trading brokers UK based 8 categories but on this page, we focused more on trading cost. The finalists for the best low-spread forex brokers in the UK include Pepperstone, AvaTrade, FXCM, and City Index.
Pepperstone Has The Lowest Published RAW Account Spreads
The recommended low-spread broker is Pepperstone based on the following:
Trading Accounts
Pepperstone gives you a choice of 2 main trading accounts: Standard and Razor. The MetaTrader trading platforms (MT4 and MT5) are available with both Standard and Razor, while cTrader and TradingView are only available with the Razor account.
Razor Account Spreads
The best option with the lowest fees for traders is the ECN-style Pepperstone Razor account. This account has a commission rate charge on top of currency spreads lower than the standard account. The account type offers straight-through-processing (STP) to aggregate across at least 22 tier-one liquidity. The commission rate is £2.25 per side for each standard lot (100,000 units) or GBP 4.50 round-turn.
Pepperstone offers some of the lowest average spreads in December 2023 on the Razor account, like the standard account.
|
ECN Style Spread Comparison
|
|||||
|---|---|---|---|---|---|
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0.10 | 0.20 | 0.40 | 1.00 | 0.60 |
|
0.10 | 0.20 | 0.30 | 0.50 | 0.30 |
|
0.20 | 0.20 | 0.40 | N/A | 0.30 |
|
0.44 | 0.42 | 0.40 | 0.30 | 0.83 |
|
0.17 | 0.30 | 0.54 | 0.68 | N/A |
|
0.20 | 0.40 | 0.50 | 0.70 | 0.70 |
|
0.10 | 0.50 | 0.60 | 0.80 | 1.10 |
|
n/a | 0.50 | 0.60 | 0.40 | 0.30 |
|
0.44 | 1.23 | 1.13 | 1.23 | 1.41 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/12/2023
Standard Account Spreads
The commission-free account is the most popular option for UK traders, with broker fees factored into the spreads. This makes it straightforward to calculate trading fees when trading the markets.
Pepperstone has low spreads for this account type based on our analysis, as shown below.
|
No Commission Spreads: Standard Accounts
|
|||||
|---|---|---|---|---|---|
|
|
1.10 | 1.20 | 1.40 | 2.00 | 1.50 |
|
|
1.13 | 1.01 | 1.71 | 2.27 | 1.98 |
|
0.90 | 1.30 | 1.40 | 1.40 | 1.80 |
|
0.70 | 2.20 | 1.10 | 1.60 | 1.60 |
|
1.20 | 0.90 | 1.50 | 2.20 | 1.70 |
|
1.10 | 1.20 | 1.40 | 1.50 | 1.40 |
|
|
1.10 | 1.20 | 1.30 | 1.40 | 1.40 |
|
|
1.20 | 1.30 | 1.20 | 1.20 | 1.30 |
|
1.70 | 1.60 | 1.70 | 2.50 | 2.70 |
|
1.20 | 1.80 | 1.90 | 2.30 | 2.30 |
|
1.30 | 1.70 | 2.10 | 1.70 | 2.10 |
|
1.12 | 1.64 | 0.86 | 1.55 | 1.32 |
|
1.32 | 1.95 | 1.37 | 1.87 | 1.73 |
|
1.20 | 1.30 | 1.50 | 1.70 | 1.20 |
|
1.20 | 1.40 | 1.50 | 2.80 | 2.60 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/12/2023
To complement these low spreads, Pepperstone also has the fastest execution speed based on testing in London. Our tests showed the market order execution speed (MOES) was just 85 milliseconds, with only FP Markets (95ms) being under the 100ms mark for the UK forex brokers.
The speed and spread strengths are the key reasons why Pepperstone is the current UK-recommended broker.
Pepperstone ReviewVisit Pepperstone
Pepperstone’s Trading Platforms
Pepperstone offers a solid range of trading platforms to ensure you have the best possible trading experience. Chief among them are 3 mainstream trading platforms. MetaTrader 4, MetaTrader 5 and cTrader. All these trading platforms are free to clients of Pepperstone, and all have their own strengths.
1) MetaTrader 4
The MetaTrader 4 (MT4) forex platform’s reputation rests on the fact that it is the most popular forex trading software worldwide. Being used by so many traders, the platform has excellent features to get the most out of your trading.
Features include:
2) MetaTrader 5
MetaTrader 5 (MT5) is an upgrade on MT4. It offers all the features MT4 has and more. Features include:
MT5 boasts extra processing power compared to MT4 and is a better choice for share trading since they are designed for centralised and decentralised trading.
3) cTrader
cTrader is an increasingly popular alternative to MetaTrader. Its main point of difference is that it has extra charting tools compared to MetaTrader, and day traders commonly use the forex platform. Expert strategies that utilise automation (cBots) are executed for financial services with other features:
4) TradingView
TradingView is the most recent introduction to Pepperstone’s already impressive range of trading platforms. The platform is a web-based charting platform that is also a social trading network. Over 30,000 million traders use this platform to trade directly through the platform’s features, including:
Our Verdict On Pepperstone
Pepperstone has the lowest spreads when trading with their RAW account, which has also a modest commission. This is supported by the best trading platforms and the fastest execution speed[1]Execution Speed Testing By Ross Collins. We named Pepperstone the 2023 best forex broker in UK with also had weight on this recommendation.
Pepperstone ReviewVisit Pepperstone
AvaTrade Offers Fixed Spreads And Risk Management Features
As the name suggests, fixed spreads do not change regardless of the time of the day, market conditions, or volatility. Traders may prefer fixed spreads to variable spreads as prices are more predictable, making it easier to prepare a trade plan or strategy.
Choosing a fixed spread account means your spreads will be wider than ECN pricing and even standard accounts but provide less risk. Like a standard account, a fixed spread account contains no commission charges.
The table below is compiled each month and contains the published spreads from brokers that offer fixed spreads. Spreads with AvaTrade are superior to all other brokers that offer fixed spreads, with only easyMarkets coming close. It is worth noting that AvaTrades’ fixed spreads are superior to the spreads some brokers provide with a standard account.
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Fixed Spreads
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|---|---|---|---|---|---|
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0.90 | 1.10 | 1.50 | 1.80 | 1.50 |
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0.70 | 1.20 | 1.50 | 1.80 | 1.30 |
|
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1.94 | 2.36 | 2.11 | 2.24 | 2.05 |
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1.60 | 1.90 | 1.70 | 2.40 | 2.10 |
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1.50 | 1.80 | 2.00 | 2.00 | 2.00 |
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3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
|
4.00 | 4.00 | 3.00 | 5.00 | 5.00 |
|
1.00 | 1.00 | 1.50 | 2.00 | 2.00 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/12/2023
AvaTrade Advanced Risk Management Tools
If you are using AvaTrades WebTrader or AvaTradeGo trading platforms, you will have access to AvaTrade’s unique risk management feature, AvaProtect. When you purchase AvaProtect, the forex broker will refund the difference if your position produces a negative outcome within the protection period.
With AvaProtect, you are guaranteed not to make a loss on your trade for up to 2 days after you open your position and activate AvaProtect. To use AvaProtect, you will only need to pay a fee. The longer your protection, the more you will pay. AvaProtect is only available with forex, gold, and silver.
AvaTrade Regulation
AvaTrade has over 200,000 traders, which makes them the world’s largest broker to offer fixed spreads. As a trader from the UK, you will be trading with AvaTrade’s Irish subsidiary.
Summary Of AvaTrade
AvaTrade, with its fixed spreads, offers a point of difference from most other brokers as they offer fixed spreads. For this reason, AvaTrade is a good option if you are new to the market and are concerned about dramatic changes in spreads due to market volatility.
An additional benefit for beginners is AvaTrade’s intuitive social trading app, AvaTradeSocial, which is a tool used to copy the investment strategies of expert traders.
FXCM Has A Tight Spread Betting Platform
Spread betting has much in common with CFD trading since it allows you to profit from movement in the underlying financial instrument without actually owning the asset. Many traders in the UK prefer to spread bet rather than trade CFDs, as there are no taxes or stamp duties on profits.
FXCM Retail Spread Betting Account
The FXCM retail spread betting account has the same spreads as FXCM’s standard account for CFD trading. Regardless of whether you are spread betting using forex, shares, indices, or any other financial instruments FXCM offers, the spread will be the same as if you were trading CFDs.
FXCM does not charge commissions, which means they include the markup as part of the spread. Spreads for the FXCM account are as follows:
|
FXCM Spread Betting: Standard Account, No Commission Spreads
|
|||||
|---|---|---|---|---|---|
|
|
1.30 | 1.70 | 2.40 | 2.10 | 1.70 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/12/2023
Active Trader Account for Spread Betting
If you want the best spread betting prices FXCM offers, consider joining the FXCM active trader account. With this account, you can save up to 62.4% when trading forex. With an Active trader account, you will pay a $25 commission for each $1 million you bet.
To qualify for these savings, you must trade at least 150 million to 500 million for the month. While $150 million might sound like a lot, remember you are spread betting using leverage.
Remember that leverage is risky when trading on margin, so you may incur significant losses if price movements go against your favour. For this reason, FXCM requires your account to maintain at least $25,000 in equity.
The following table lists the average spreads FXCM offers for Active Traders, updated monthly. As you can see, FXCM has one of the tightest spreads in the market.
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FXCM Active Trader: Commission Spreads
|
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|---|---|---|---|---|---|
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1.30 | 1.01 | 2.10 | 2.30 | 2.10 |
|
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0.30 | 0.40 | 1.10 | 0.70 | 0.80 |
|
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0.79 | 0.87 | 1.55 | 1.26 | 1.39 |
|
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0.85 | 0.82 | 1.79 | 1.40 | 1.97 |
|
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0.80 | 0.90 | 2.70 | 1.70 | 2.30 |
| 0.81 | 1.21 | 2.44 | 1.40 | 1.49 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/12/2023
Using an active trader account doesn’t just mean FXCM best spreads but also gives you other features like:
FXCM Spread Betting Products – Shares, Forex, Trading Baskets
Choosing FXCM means you can access a diverse range of financial instruments for trading and hedging purposes. Products include:
Note: Cryptocurrencies are not available for retail traders in the UK
FXCM allows you to trade stocks across the world. All the major stock markets are available regardless of your preferred stocks.
If you prefer something less risky than single shares, you can trade 15 indices worldwide, including SPX500, GER30, UK100, US30, and AUD200.
Lastly, you can bet using FXCM’s most unique products – forex and stock baskets. Baskets are a type of custom indices compiled based on a common theme.
FXCM’s 3 forex baskets are based on 4 to 6 currencies in a particular currency denomination. For example, the Dow Jones Dollar Index Basket is in US Dollars and consists of US$10,000 of AUD, YEN, Euro, and GBP). Similarly, The JPY Basket is in Yen and consists of YEN and AUD, GBP, USD, Euro, and CAD. The 3rd option is the Emerging Markets Index which consists of $2,500 in Mexican Peso, Turkish Lira, Chinese Renminbi, and South African Rand.
The difference between each index is the number of currencies that make up the index.
Alternatively, you can trade using a stock basket grouped by theme. The FAANG consists of the best tech stocks on the US Market, while other themes include BioTech stocks, Cannabis, and eSports.
*Your capital is at risk ‘67% of retail CFD accounts lose money’
Our Testing Showed City Index Has The Lowest Spreads
CFD trading is associated with costs that could pile up over time and reduce earnings. Therefore, choosing a Forex broker with tight spreads and low commissions is essential to preserve gains. Among the regulated brokers in the UK that we reviewed, City Index offers the lowest spreads in combination with no commissions.
City Index is a trading name of GAIN Capital UK Limited, a company registered in England and Wales under registration number 1761813. GAIN Capital is authorised and regulated by the United Kingdom’s FCA with reference number 113942.
CFD Trading With Zero Commissions
City Index offers a transparent pricing model. This means City Index clients will be aware of the total costs of trading before they open a position. With City Index, UK-based investors can trade over 12,000 financial markets with zero commissions on the following instruments:
Note: The only exception is shares CFDs, where a commission is charged when clients open a trade and when they close a trade. Spreads start from 0.1% on UK stocks and commissions start from GBP 10.00 on UK shares.
CFD Trading with Low Spreads
When it comes to spreads, City Index offers two pricing models:
With variable spreads, City Index offers clients the minimum spread for a trading instrument plus an average spread for a specified historical period.
If we set our focus on trading the forex market specifically, we should note the broker offers pip spreads as low as 0.5 on major currency pairs such as EUR/USD and AUD/USD. The following table shows spreads associated with major and some minor pairs:
Overnight Financing Commissions
We should note that lower-spread Forex brokers usually pass on additional charges to retail clients in case UK-based traders hold an open position overnight. A daily financing fee will be imposed on clients’ accounts every day they hold an open trade, including weekend days. City Index sets financing rates (also known as swap rates) by using the benchmark interest rate LIBOR +/- 2.5%.
When trading Forex, every night a client will pay a small financing charge on the exposure of their position. The financing charge depends on the interest rate differential between the two currencies in the currency pair.
Overall, City Index is one of the best forex brokers in the UK if you want to benefit from no commission trading. City Index platform is equipped with the latest technology, so if you want to test your trading strategy, you can open a demo account by clicking the button below.
Open a demo accountVisit City Index
*Your capital is at risk ‘71% of retail CFD accounts lose money’
OANDA Has The Best Trading Account For Small Traders
Established in 1995, OANDA Corp has an international presence being regulated across multiple continents. Our team of experts has chosen Oanda for its no minimum deposit requirement.
UK Forex Broker with No Minimum Deposit
OANDA has no minimum deposit requirement to open an Oanda Standard Brokerage Account. While you will not need to make a deposit to open an account, you will still need to meet margin requirements to open and maintain a trading position.
Forex Trading Spreads and Commissions
Oanda only has one type of trading account in the UK, this account is a no commission Standard account. Spreads with Oanda start from 0.6 pips for the USD/EUR pair.
Oanda Deposit Methods
UK Forex traders can deposit money in their Oanda account using 5 types of payment options:
At Oanda, there are no deposit fees, but UK clients can incur a withdrawal fee of GBP 10 for the first withdrawal processed within a calendar month and GBP 20 for any subsequent withdrawals. If you want to have access to life forex quotes and currency rates but without committing any money, you can opt for an Oanda demo account.
Oanda Regulation
Oanda provides its financial services to traders in the UK, through the following subsidiary:
FxPro Has The Best Fixed Spread Offering
The low-spread forex brokers we reviewed so far offer either variable spreads only or a combination of variable and fixed spreads on their products. When it comes to the most competitive fixed spread brokers in the United Kingdom, our research clearly points to FxPro.
Established in 2006, FxPro Financial Services Ltd is an international online UK CFD provider based in London, United Kingdom, which serves retail and institutional clientele in 173 countries. FxPro Group Limited is the parent company of:
FxPro is not an ECN or STP broker. FxPro is self-labelled as a true No Dealing Desk Execution model, which means customer orders are executed with no dealing desk intervention. The brokerage offers two types of execution models:
With an instant execution model, clients will have their orders filled at the price they see on the screen or they can receive a requote. With the market execution model, client orders will be filled at the volume-weighted average price.
Forex Trading with FxPro MT4 Fixed Spread Account
FxPro offers fixed spreads only on its MT4 Account. UK-based traders are able to choose from 4 major and 3 minor currency pairs with fixed pricing. The broker will have the spread fixed, depending on specific time intervals during the trading session. For example, when trading GBP/USD on MT4 Fixed Spread Account, the spreads offered will be as follows:
Note* Depending on the market conditions and available liquidity, the GBP/USD spread can reach 3.5 pips.
FxPro will charge no commissions for CFD trading on its MT4 and MT5 account types. However, UK-based clients trading forex currency pairs on the FxPro cTrader account will be charged $4.5 per side for every 1 standard lot traded. Click the link below to open your FxPro demo account, but be prepared to follow the same standard process that comes with a live account.
Open a demo accountVisit FxPro
*Your capital is at risk ‘78.87% of retail CFD accounts lose money’
CMC Markets Spread Bet Offering Has Key Advantages
Headquartered in London, CMC Markets is a leading online CFD provider having offices across Europe and the Asia Pacific region. CMC Markets UK plc is authorised and regulated in the United Kingdom by:
Among the best 20 forex brokers in the UK we reviewed, CMC Markets offers the best spread betting conditions.
Lowest Spread Betting Account
Spread betting, just like CFD trading, is associated with a high risk of losing capital as leverage is used. At present, CMC Markets offers spread betting only to residents of the United Kingdom and Ireland. Clients are allowed to spread bet on more than 9500 global instruments in asset classes such as:
Spread betting is a form of derivatives trading, which is not subject to stamp duty and capital gains tax in the UK. Clients are able to speculate on the price movement of trading instruments without the need to actually buy or sell a particular asset. They simply buy or sell a specified amount per point of movement for the selected asset, also known as spread bet stake size.
How does Spread Betting work?
Let us consider a simple example. A client decides to place a buy spread bet on Barclays Plc with the expectation that the stock will gain value. Barclays was trading at 164/165 (with the spread being equal to 1). The client opens a long position at £10 per point of movement.
In two weeks’ time, the stock indeed surges to 220/221, while the client decides to close the position. Thus, she sells at 220, the current sell quote. Since the price has moved 55 points in her favour (220 sell price – 165 buy price originally), her stake of £10 is then multiplied by that amount to generate a profit of £550.
CMC Markets Low Spread Betting Account
CMC Markets has no minimum deposit requirement on its spread betting account and offers spreads of as low as:
UK-based clients are able to spread bet without paying any commissions. However, if a position is held overnight, there will be holding costs. In Forex spread betting, holding costs will be calculated as follows:
CMC Markets best UK spread betting platform comes with the following key features:
Overall, CMC Markets offers competitive costs for trading CFDs and spread betting. Professional clients that open an account with this award-winning provider can qualify to gain monthly cash rebates (CMC Markets paid £14.1 million in cash rebates during the previous fiscal year).
Axi Has A Competitive MT4 Offering
Our research has concluded that among the leading regulated brokers in the UK that we’ve reviewed, Axi (formally AxiTrader) stands out clearly offering the best MT4 platform trading conditions.
The AxiCorp group was established in Sydney, Australia, in 2007 by a team of professional traders. Axi UK represents a trading name of AxiCorp Limited registered in England under registration number 06378544. AxiCorp is authorised and regulated by the following regulatory financial authorities:
Axi offers a MetaTrader 4 package that includes a full set of functions such as charts, alerts and analysis tools. The most popular trading platform is available for:
Lower Costs, Faster Execution, Better Pricing
What really impresses us with Axi’s MT4 offering is the network technology used which allows for considerable latency reduction. As a result, the probability to experience slippage is also reduced drastically, which translates into lower trading costs compared to a standard connection.
Due to lower latency, Axi’s system refresh speed is increased, which ensures better pricing received by clients. This is especially valid during times of high market volatility and/or low liquidity such as those surrounding major political events (presidential election).
Since Axi’s pricing is derived directly from a source of up to 20 independent market makers, the broker’s network is not reliant on ECN-style technology. As a result, the company’s pricing is delivered faster, refreshes faster, features more depth, and fewer outages.
Axi’s specialised low latency network enhances clients’ back-end execution. This means they will enjoy faster speeds and greater reliability compared to the same setup in the same conditions on a different network.
MT4 Trading Instruments and Features
With Axi’s MT4 offering, UK-based clients are granted access to over 150 trading instruments, including major, minor, and exotic currency pairs, commodities, and indices.
Forex traders can closely monitor market movement thanks to real-time pricing. They have the freedom to choose:
Another notable feature is the Autochartist MetaTrader Plugin, the world’s first market scanner that allows traders to view all symbols and all time periods from a single chart. It continuously scans markets for real-time pricing, automatically recognises trade setups, and alerts clients to unbiased market analysis. The Autochartist feature is also available on a demo account.
The Autochartist MT4 Plugin allows for:
MetaTrader 4 Multi Account Manager
Axi offers a unique solution for money managers through its Multi Account Manager (MAM) software that is integrated with the MetaTrader 4 trading platform. UK professional traders interested to take advantage of the Axi MAM solution can expect the following benefits:
Summary of Best MetaTrader 4 Broker in the UK
In conclusion, Axi’s MT4 offering may suit all types of trading styles, from scalping to swing trading. Axi is handling more than $100 billion in trading volume for its client’s base of 40,000 trading accounts from over 100 countries that are managed from 8 international offices. The live forex spreads start as low as 0.8 pips on EUR/USD respectively 1.8 pips on GBP/USD (Standard Account).
There are four types of trading accounts available in the UK:
The lowest December 2023 spreads for the first three account types is Pepperstone with a full analysis made on our Pepperstone fee comparison.
A spread is the difference between the buy and sell price of a currency pair. A wider spread will lead to reduced profits or greater losses when trading, similar to stockbroking fees when investing in shares. Spreads are different based on the currency pairs traded with the most popular being:
View our trading guide to learn more about trading fees and forex in general.
Our team of experts at CompareForexBrokers is regarded as being the main source of authority when it comes to broker review content. Our low-spread forex broker UK review is the result of extensive research evaluating the forex spreads among the leading FCA-regulated FX brokers in the UK.
The foreign exchange brokers based in the UK come with different flavours, aka different levels of spreads. For example, among the leading financial services providers in the UK, Pepperstone scored the highest points in our review scoring system. The Pepperstone ECN account can boost an average spread of 0.13 pips on EUR/USD and respectively 0.44 pips on GBP/USD. At the same time, City Index offers the lowest average spreads for the zero commissions account.
Our list of low-spread forex brokers in the UK was reduced to the best 6 brokerage trading firms. Our devoted team of investing professionals kept the options at a minimum to make it easier to choose a low-spread broker.
Risk Warning Notice: Before deciding to invest in the interbank market, learn about the potential risk involved with highly leveraged products. Forex and CFD trading may not be suitable for all investors, as you might lose all your funds.
The brokers with the lowest spreads for UK traders
| Forex Broker | EUR/USD spreads | GBP/USD spreads |
|---|---|---|
| Pepperstone | 0.09 | 0.38 |
| IC Markets | 0.10 | 0.4 |
| IG | 0.17 | 0.59 |
| GO Markets | 0.2 | 0.5 |
| XTB | 0.3 | 0.6 |
| FP Markets | 0.1 | 0.3 |
| FXTM | 0.3 | 0.5 |
| Admiral Markets | 0.1 | 0.6 |
| Fusion Markets | 0.09 | 0.24 |
The table lists the average spreads that are published on the broker’s website for their commission or zero-spread account. ECN Style accounts are a good option for scalpers that want to get the lowest spreads available as the costs usually work out better even when one factors in the commission costs.
Testing completed by Ross Collins in 2023 on raw accounts https://www.compareforexbrokers.com/our-methodology/execution-speeds/
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