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Between 74% and 89% of retail investor accounts lose money when trading CFDs.
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Spreads are the single most repeated cost a forex trader pays, so on this list we focus on brokers that route to raw or ECN-style pricing where the bid-ask spread can tighten toward zero and a flat commission is charged instead. That structure suits active traders, scalpers and EAs far better than a marked-up "commission-free" account, because the true round-turn cost is transparent and usually lower at volume.
When you compare brokers, remember that the headline "from 0.0 pips" figure is a best-case quote on the most liquid pairs during peak hours — it is not what you pay on every order. The number that matters is the all-in cost: the raw spread plus commission, plus any swap if you hold overnight. We rank the brokers below on transparent raw pricing, commission levels, execution quality and regulation, and our selections are editorial opinion based on our published methodology rather than statements of fact.
Why it makes the list: A long-standing favourite of cost-sensitive and algorithmic traders, with raw-spread accounts that frequently quote major pairs at or near 0.0 pips plus a clearly published commission. Raw-spread specialist with deep liquidity and full MetaTrader + cTrader support — a long-time favourite of scalpers and algo traders.
Why it makes the list: Razor (raw) accounts pair tight institutional pricing with FCA/ASIC oversight and broad platform choice, making the all-in cost easy to model before you trade. Multi-regulated ECN-style broker with raw spreads and the widest platform choice — MT4, MT5, cTrader and TradingView.
Why it makes the list: Multiple account types let you choose between raw-style spreads with commission or wider commission-free pricing, with no-dealing-desk execution available across MT4, MT5 and cTrader. Long-established, FCA/CySEC-regulated broker with the full platform set — MT4, MT5, cTrader and FxPro Edge.
Why it makes the list: For traders who want genuine interbank-style FX pricing, IBKR passes through tight spreads with a low published commission schedule — built for professionals who care about every basis point. Nasdaq-listed global broker with direct-market access, real interbank FX and rock-bottom commissions across 150+ markets.
Why it makes the list: A US-friendly option from StoneX offering raw-spread commission accounts alongside standard pricing, useful where many raw/ECN brokers do not accept clients. StoneX-owned, US-friendly broker with strong regulation, a deep market range and a choice of pro platforms.
Every broker on this list is independently scored against our published broker review methodology— regulation and safety, trading costs, platforms, instruments, deposits and withdrawals, support and country availability. Rankings are editorial and are never sold; sponsored placements are always labelled. Figures are indicative and vary by entity and jurisdiction — always confirm current terms on the broker's own site.
Trading forex, CFDs and crypto involves significant risk of loss and is not suitable for every investor. Leverage can work against you, and most retail investor accounts lose money trading CFDs. The information on FXMARE is general, is not personal financial advice, and does not account for your objectives or circumstances. Verify all terms with the broker and the relevant regulator before opening an account. See our full risk disclosure.
Not automatically. Raw and ECN accounts add a fixed commission on top of a near-zero spread, so you have to add both to find your true cost. For active traders and scalpers the all-in cost is usually lower than a commission-free account, where the broker widens the spread to cover its margin. For a trader placing only a few small trades a month the difference can be marginal — calculate the round-turn cost for your typical trade size before choosing.
It is the tightest spread a broker has observed on its most liquid instrument, typically EUR/USD, during deep-liquidity hours. It is a best-case figure, not an average or a guarantee. Real spreads widen around news, at session opens and on less liquid pairs. Look for brokers that publish average or typical spreads rather than only the minimum.
Less than they do for a scalper. If you hold trades for days or weeks, overnight swap (financing) costs usually dwarf the entry spread, so a position trader should weigh swap rates and reliable execution more heavily than a fraction of a pip on entry. Spread is most decisive for high-frequency and intraday strategies.
Open a demo account and watch the live spread on your pairs across different sessions, including news events. Compare the quoted spread to the broker's published average and to a couple of competitors at the same moment. Trading on a demo for a week gives you a realistic picture of typical and worst-case pricing rather than relying on the marketing headline.