Risk warning: CFDs and leveraged forex are complex instruments and carry a high risk of losing money rapidly. Most retail investor accounts lose money when trading CFDs. Consider whether you can afford to take that risk.

Best Low Spread Forex Brokers for 2026

Not financial advice. Our rankings and reviews are for general information only and are not a recommendation to open an account or to trade. Forex and CFDs are high-risk; consider independent advice and whether you can afford to lose your money.

Brokers with the lowest typical cost to trade EUR/USD, counting both the spread and any commission, so raw-spread and commission-free accounts are compared on equal terms.

How we ranked them: We only rank brokers authorised by the UK's Financial Conduct Authority (FCA). Ranked by all-in cost per standard lot of EUR/USD for a GBP account: the broker's published spread in pips × £7.55 per pip, plus round-turn commission, cheapest first; ties go to the higher overall score. Brokers publish average, typical or minimum ("from") spreads, so treat close results as similar. Our methodology.

Vantage

Low-cost raw pricing

FCA-authorised

4.3
EUR/USD cost
£2.75 /lot
EUR/USD spread
0.1 pips (from)
Commission
£2.00
  • £1 per side RAW ECN commission on GBP accounts
  • Lloyd's excess-of-FSCS insurance up to £1m

70.98% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

Axi

MT4 traders wanting strong regulation

FCA-authorised

4.4
EUR/USD cost
~£3.40 /lot
EUR/USD spread
0.0 pips (from)
Commission
~£3.40
  • No required minimum deposit; free card, PayPal and bank deposits
  • Raw-spread Pro account

66.36% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

Interactive Brokers

Professionals and large accounts

FCA-authorised

4.6
EUR/USD cost
~£4.18 /lot
EUR/USD spread
0.1 pips (from)
Commission
~£3.43
  • Near-interbank forex pricing with low commission
  • Access to 170 market centres worldwide

57.9% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

IG

Overall best all-rounder

FCA-authorised

4.7
EUR/USD cost
£4.53 /lot
EUR/USD spread
0.6 pips (from)
Commission
None
  • No account, platform or inactivity fees
  • Decades-long history, parent listed on the LSE

69% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

CMC Markets

Charting and technical analysis

FCA-authorised

4.6
EUR/USD cost
£4.53 /lot
EUR/USD spread
0.6 pips (from)
Commission
None
  • Advanced charting with pattern recognition
  • 21,000+ instruments including ~300 FX pairs

68% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

OANDA

US traders and beginners

FCA-authorised

4.4
EUR/USD cost
£4.53 /lot
EUR/USD spread
0.6 pips (from)
Commission
None
  • No minimum deposit or withdrawal fees
  • Spread betting and CFDs on MT4, MT5 and TradingView

76.6% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

HFM

Account flexibility and promotions

FCA-authorised

4.2
EUR/USD cost
~£4.53 /lot
EUR/USD spread
0.0 pips (from)
Commission
~£4.53
  • No minimum deposit on Premium account
  • Wide range of account types

71.46% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

eToro

Social and copy trading

FCA-authorised

4.1
EUR/USD cost
£4.53 /lot
EUR/USD spread
0.6 pips typical
Commission
None
  • Industry-leading copy trading
  • Very easy to use, with ISA and GBP account

51% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

Pepperstone

Active traders wanting top-tier regulation

FCA-authorised

4.7
EUR/USD cost
£5.25 /lot
EUR/USD spread
0.1 pips average
Commission
£4.50
  • Razor account: raw spreads plus low fixed commission
  • Five platforms including TradingView and cTrader

72.9% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

Saxo

Multi-asset investors

FCA-authorised

4.6
EUR/USD cost
£5.28 /lot
EUR/USD spread
0.7 pips (from)
Commission
None
  • Superb in-house platforms
  • Enormous multi-asset product range

60% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

How we make money: some links on this page are affiliate links. If you open an account through them we may earn a commission, at no extra cost to you. This never affects our ratings, which follow our published methodology.