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Best low spread forex brokers in 2023:



Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.To get more news about best low spread forex brokers, you can visit wikifx.com official website.
BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 500 criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 50,000 data points overall.
How much you pay in fees for a trade is a crucial broker selection criteria. Finding the cheapest forex brokers and the lowest cost forex trading platforms hinges on a thorough analysis of trading fees. We collected the most important forex spreads in the table below.

How to choose the best low spread forex brokers
Many brokers advertise themselves as 0 spread brokers, however, this can be misleading. While there are indeed many service providers out there whose minimum spread is 0 or close to 0, for the vast majority of the trades they charge higher spreads. The best way to ensure you trade forex at low costs is to check average spreads, because those reflect the true costs charged by the broker.
An excellent overall service level is required to make it to the BrokerChooser list of best brokers in any category. Low trading and non-trading fees were the key selection criteria when compiling the top list of the cheapest forex brokers. In addition, a wide range of currency pairs also weighed heavily in our methodology.

The global currency market is huge and highly liquid, meaning that there is a high number of buyers and sellers at all times. If you are a beginner, be careful with forex trading as forex products are complex and risky, therefore not suitable for everyone. You can easily lose all your invested money. If you are unsure how forex trading works, take a look at our forex education articles.
IG, established in the UK in 1974, is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including top-tier regulators like the UK's Financial Conduct Authority (FCA) and Germany's Federal Financial Supervisory Authority (BaFin). IG Group is listed on the London Stock Exchange.

IG is considered safe because it is listed on a stock exchange, discloses its financials and is overseen by top-tier regulators.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.
Oanda is a US-based forex broker founded in 1996. It is a private company and therefore not listed on any stock exchange.

Oanda operates via several entities worldwide and is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission, the National Futures Association (CFTC) and the UK's Financial Conduct Authority (FCA).
If you are an experienced trader looking for solid research and a well-equipped desktop trading platform, we definitely recommend TD Ameritrade.

Founded in 1975, TD is one of the biggest US-based stockbrokers and is regulated by top-tier authorities like the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC).