Best Brokers With Low Spreads 2026

If you’re a day trader, every fraction of a pip counts. That’s why brokers with low spreads can be a game-changer, helping you pocket more of what you earn and keeping you competitive in fast-moving markets.

Let’s dig into our lowest spread brokers, tested and rated by industry experts and active traders.

Best Low Spread Brokers

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We've been recording and analyzing spreads for 7+ years, and these 6 brokers offer the tightest spreads:

Tested with a live trading account Accepts traders from Bangladesh Your capital is at risk. Trade only with funds you can afford to lose.

1. Our top pick in Bangladesh
   1

   FP Markets

   4.2/ 5

   Visit FP Markets Read review
   • Demo account
   • Regulator: ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya
   • Min. deposit: $0
2. 2

   JustMarkets

   3.9/ 5

   Visit JustMarkets Read review
   • Demo account
   • Regulator: CySEC, FSA, FSCA, FSC, BVIFSC
   • Platforms: MT4, MT5
3. 3

   PU Prime

   4.5/ 5

   Visit PU Prime Read review
   • Demo account
   • Regulator: ASIC, FSCA, FSA, FSC, CMA-UAE
   • Min. deposit: $20
4. 4

   FXGT

   3.5/ 5

   Visit FXGT Read review
   • Demo account
   • Platforms: FXGT Trader, FXGT App, MT4, MT5
   • Min. deposit: $5
5. 5

   LHFX

   3.5/ 5

   Visit LHFX Read review
   • Demo account
   • Instruments: CFDs on Forex, Stocks, Indices, Commodities
   • Regulator: FSCA, FSC
6. 6

   HYCM

   3.8/ 5

   Visit HYCM Read review
   • Demo account
   • Regulator: FCA, DFSA
   • Platforms: HYCM Trader, MT4, MT5, TradingCentral

Learn how we test brokers and why you can trust our ratings.

Here is a short overview of each broker's pros and cons

1. FP Markets 4.2/5 Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to day traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.
2. JustMarkets 3.9/5 JustMarkets is a multi-asset broker with both CySEC-regulated and offshore branches. Offering ultra-low spreads, copy-trading services, 260+ tradeable instruments and MetaTrader support, JustMarkets has a lot to offer both beginner and experienced traders.
3. PU Prime 4.5/5 PU Prime is a forex and CFD broker offering direct market access on forex, commodities, stocks, bonds, indices, and ETFs. With four account types (Cent, Standard, Prime, ECN) and multiple platforms, from MetaTrader to its own PU Prime app, it’s built for active traders at every level.
4. FXGT 3.5/5 Established in 2019, FXGT is an offshore broker providing CFD trading on 185+ instruments. Through MT4, MT5 and FXGT Trader (added in 2024), alongside a choice of five accounts (Mini, Standard+, ECN Zero, PRO and Optimus), FXGT caters to a broad spectrum of short-term traders.
5. LHFX 3.5/5 Established in 2020 and formerly known as LonghornFX, LHFX is a forex and CFD broker offering over 170+ instruments. It stands out for accepting fast crypto transactions and its ECN account for active traders featuring spreads from 0.0 pips with a competitive $6 per lot commission.
6. HYCM 3.8/5 HYCM is an online broker with authorization from four international bodies including the FCA. The broker offers short-term CFD trading on forex, shares, commodities, indices, ETFs and Bitcoin, and supports the MT4 and MT5 platforms, as well as Trading Central analysis.

Fee Comparison At Low Spread Brokers

Fee Comparison At Low Spread Brokers

Broker	EUR/USD Spread	FTSE Spread	Oil Spread	Stock Spread	Crypto Spread
FP Markets	0.1	1.64	0.04	Variable	17.3 (Bitcoin)
JustMarkets	0 - 1.0	1 - 2.5	2.0	Variable	Floating from zero (Raw ECN)
PU Prime	0.2 pips (ECN)	23 (ECN)	2.2 (ECN)	4.2 (Amazon)	27.5 (BTC)
FXGT	2.2	110	1.1	31.9 (Apple Inc)	Variable
LHFX	0.08	1170	106	Apple (210)	185119.9 (BTC)
HYCM	0.1	1.5	2.0	2.2%	Variable

Community Sentiment

See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.

Community Sentiment

Broker	Our Users' Rating	Trustpilot Score	Trustpilot Reviews	iOS App Rating	Android App Rating
FP Markets	4.0 / 5	4.7 / 5	10388	4.0 / 5	4.0 / 5
JustMarkets	-	3.5 / 5	4500	4.0 / 5	4.3 / 5
PU Prime	4.2 / 5	2.7 / 5	1878	4.8 / 5	4.2 / 5
FXGT	3.0 / 5	4.3 / 5	1709	4.8 / 5	4.4 / 5
LHFX	3.5 / 5	4.2 / 5	133	4.8 / 5	4.6 / 5
HYCM	-	3.2 / 5	143	3.0 / 5	3.6 / 5

FP Markets

4.2/ 5

Visit FP Markets FP Markets review

FP Markets strikes an ideal balance between affordability and quality for active traders. They’ve managed to keep trading costs low while expanding their investment offering, charting tools, and research features, all while providing excellent support you can rely on for urgent trading queries.

FP Markets quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto

Regulator

ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya

Platforms

Iress, MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral

Minimum Deposit

$0

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

• FP Markets offers a superb selection of tradable assets, especially since expanding its suite of commodities and supporting over 10,000 stocks.
• AI-powered sentiment analysis, trading signals and real-time NewsIQ research, integrated with MT4 and MT5, has been added via FP Markets Intelligence.
• FP Markets has a seamless onboarding experience, standing out with crypto deposits and over 10 base currencies, catering to global traders.

Cons

• FP Markets’ Iress platform is only available to clients in Australia. It also primarily emphasizes stock trading over forex trading, and data fees can accumulate rapidly unless you're an active trader or maintain a high-balance account.
• Although Traders Hub provides rich research, notably the Daily Report, Technical Report, Market Insights, and Fundamental Analysis, it needs to widen its daily content variety and keep its forex news updated to match category leaders like IG.
• FP Markets trails the best MetaTrader brokers, despite offering a Trader's Toolbox on MT4, just 130 instruments are available, limiting opportunities for serious traders, especially compared to Pepperstone with its 1,300 assets.

Visit FP Markets FP Markets review

JustMarkets

3.9/ 5

Visit JustMarkets JustMarkets review

With some of the most affordable pricing in the game and access to the powerful MT4 and MT5 platforms, JustMarkets is a good choice for any investor.

JustMarkets quick facts

Demo Account

✔Yes

Instruments

Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures

Regulator

CySEC, FSA, FSCA, FSC, BVIFSC

Platforms

MT4, MT5

Minimum Deposit

$1

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, ZAR, MYR, IDR, AED, NGN, THB, VND, KWD, CNY

Pros

• Tight spreads from 0 pips
• MetaTrader 4 integration
• Multiple accounts to suit different strategies and experience levels

Cons

• Limited availability with clients not accepted from the US, UK, Japan, Germany and other countries

Visit JustMarkets JustMarkets review

PU Prime

4.5/ 5

Visit PU Prime PU Prime review

PU Prime is a great fit for experienced, high-volume traders with its ECN account offering tight spreads from 0.0 pips and low commissions from $1/side. The addition of an easy-to-use copy trading app, alongside the stacked Trading Academy with progression levels, also makes PU Prime a strong option for aspiring traders.

PU Prime quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Commodities, Metals, Crypto, Bonds, ETFs, Pre-IPOs, Synthetic Indices (region-dependent)

Regulator

ASIC, FSCA, FSA, FSC, CMA-UAE

Platforms

PU Prime App, PU Web Trader, PU Social, MT4, MT5, AutoChartist

Minimum Deposit

$20

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD

Pros

• PU Prime has added a dynamic leverage system for high-impact economic news releases and weekend gaps, helping to protect accounts from extreme market volatility.
• Prime and ECN pricing can be very competitive for active traders, and in our tests spreads tightened notably in liquid sessions to hit ~0.0 pips.
• The platform lineup is strong, with the PU Prime Web Trader and app especially smooth to use with a modern design, easy-to-configure order tickets and responsive charts for fast entries and exits.

Cons

• Getting through to customer support can be fiddly and slow to reach a human – in our latest checks we had to navigate multiple chatbot menus and questions then enter contact details before getting to an agent.
• While PU Prime holds licenses in Australia (ASIC) and South Africa (FSCA), its offshore entities have been flagged by UK, North American, and European regulators for providing services without local authorization.
• The ECN account’s $10,000 minimum deposit puts the best pricing out of reach for some active retail traders who may end up paying more for spreads and commissions on Prime, Standard or Cent accounts.

Visit PU Prime PU Prime review

FXGT

3.5/ 5

Visit FXGT FXGT review

FXGT, especially with its Optimus account, targets day traders seeking extremely high leverage of up to 1:5000, offering the potential for amplified profits and losses, though at the cost of robust regulatory protections.

FXGT quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Commodities, Crypto

Regulator

FSCA, FSA, FSC, CySEC (institutional clients), VFSC (institutional clients)

Platforms

FXGT Trader, FXGT App, MT4, MT5

Minimum Deposit

$5

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, JPY

Pros

• Five account types are available to suit different trading needs, including accounts for beginner and advanced traders, plus the Optimus account, which was built for day traders and now offers the highest leverage we've seen up to 1:5000 (amplifying profit and loss).
• FXGT supports multiple platforms, including MT4, MT5, and its proprietary FXGT Trader, added in 2024, catering to different trading styles, such as MetaTrader's automated trading with Expert Advisors (EAs).
• FXGT stands out after introducing access to over 30 popular cryptocurrencies such as Bitcoin, Ethereum, etc. This is advantageous for traders interested in diversifying into digital assets and provides an additional market to explore beyond traditional forex and stocks.

Cons

• FXGT is regulated by regional authorities like the Seychelles FSA and South Africa’s FSCA for retail clients, but still does not hold licenses from top ‘green tier’ regulators such as the UK’s FCA or Australia’s ASIC. This means that traders may not benefit from the higher investor protections, stringent oversight, and dispute resolution mechanisms.
• While FXGT offers some research, such as its market analysis section and an economic calendar, they are not as extensive as those provided by brokers like IG. Traders looking for detailed analysis, in-depth reports, or third-party research will find FXGT's resources woeful.
• FXGT offers a subpar selection of around 185 assets, which is limited compared to category-leading brokers like Saxo with its 72,000+ instruments. In particular, FXGT does not provide access to a wide range of stocks from international markets.

Visit FXGT FXGT review

LHFX

3.5/ 5

Visit LHFX LHFX review

LHFX is a top choice for short-term crypto traders seeking an MT5 broker with ECN execution. After expanding its range of digital tokens in 2024 and enhancing the payment solutions in 2026, it now enables multiple crypto deposits and withdrawals in just 30 minutes - putting it among the fastest for providing access to funds.

LHFX quick facts

Demo Account

✔Yes

Instruments

CFDs on Forex, Stocks, Indices, Commodities

Regulator

FSCA, FSC

Platforms

MT5

Minimum Deposit

$10

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP

Pros

• LHFX has made strides in the regulation department, securing a license from South Africa's FSCA, adding to its credibility with stronger overight.
• LHFX’s top-performing area in testing was its low fees, featuring 0.0-pip spreads and a competitive $6 commission per lot. Its ECN model ensures direct market access, tight spreads, and fast execution - ideal for scalpers and day traders.
• In December 2025 LHFX integrated MT5 on desktop, web and mobile, providing advanced charting and trading tools, including 38+ indicators, 21 timeframes, and algo trading capabilities.

Cons

• LHFX only supports MT5 with no add-ons available at firms like Admirals. And with no alternative software like cTrader or a proprietary app, the limited selection could prove restrictive for many traders.
• LHFX operates primarily with crypto-based deposit and withdrawal systems, meaning that deposits made in USD, EUR, or GBP are automatically converted to cryptos. This lack of direct fiat banking options can be a hassle for traders who prefer the simplicity of traditional solutions.
• LHFX still lacks key research tools like an economic calendar and currency converters, while we encountered error messages accessing its market analysis.

Visit LHFX LHFX review

HYCM

3.8/ 5

Visit HYCM HYCM review

Traders looking for a multi-asset broker with good platform support, extra analysis features and strong regulation will want to consider HYCM. The competitive raw-spread accounts will also serve scalpers and high-volume traders.

HYCM quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Commodities, ETFs

Regulator

FCA, DFSA

Platforms

HYCM Trader, MT4, MT5, TradingCentral

Minimum Deposit

$20

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, RUB, AED

Pros

• HYCM has operated continuously since 1977 — through Black Wednesday, the 2008 financial crisis, the SNB shock, and multiple FCA overhauls that eliminated or restructured many competitors. Most brokers marketing FCA regulation acquired it recently. HYCM has held it long enough for an entire generation of retail traders to have come and gone. That's a verifiably different category of track record.
• Rather than a flat leverage cap, HYCM's leverage model reduces automatically as position volume increases — protecting traders from runaway exposure on large positions without requiring manual margin management. Most retail brokers apply a fixed leverage ceiling and leave risk management entirely to the trader. The dynamic model adds a structural risk layer that's particularly relevant for less experienced traders building larger positions incrementally.
• Most retail CFD brokers stop at gold, oil, and silver. HYCM extends into agricultural soft commodities from a standard account with no elevated minimum deposit or professional classification required. For traders wanting genuine commodity diversification beyond metals and energy, that access is structurally rare at this entry level.

Cons

• The restriction only surfaces in HYCM's terms and conditions. Traders who fund a Fixed or Classic account, develop a short-term strategy, and start executing fast in-and-out trades can have their profits confiscated and their accounts suspended without prior warning. The Raw account permits tighter execution styles, but the policy boundary between permitted and prohibited trading frequency is never clearly defined in plain language anywhere on hycm.com.
• Brokers like eToro, Pepperstone, and IC Markets have built entire client acquisition channels around social and copy trading. HYCM has none of it. For newer traders who want to allocate capital to experienced strategies while they develop their own, or for experienced traders who want to monetize their track record by managing external capital, HYCM offers no pathway. That's an entire category of retail trader HYCM cannot serve.
• MT4, MT5, and a proprietary mobile app are the same infrastructure HYCM offered half a decade ago. No TradingView integration, no cTrader, no social trading, no copy trading, no PAMM. For a broker with nearly five decades of history and FCA authorization, the absence of any platform development signals that technology investment isn't a priority, which matters increasingly as competitors bundle TradingView natively and build out social trading ecosystems that attract a new generation of retail traders.

Visit HYCM HYCM review

Methodology

To rank the brokers with the best spreads, we

What Is A Spread?

A spread is the difference between the bid (selling) price and the ask (buying) price of a financial instrument – essentially, the cost your broker charges for executing a trade. Think of it as a toll booth on your trading highway.

Let’s break it down with an example:

Imagine you’re trading EUR/USD (the Euro against the US Dollar), and your broker quotes:

• Bid price (Sell): 1.1000
• Ask price (Buy): 1.1002

The spread here is 2 pips (1.1002 – 1.1000 = 0.0002).

Here’s how it works in action:

1. You decide to buy one standard lot (100,000 units) of EUR/USD at the ask price of 1.1002.
2. As soon as your trade is executed, if you were to sell it immediately, you’d sell at the bid price of 1.1000.
3. That means you’d start with a -2 pip loss, which is the spread.

To break even on this trade, the price must move in your favor by at least 2 pips. If the price goes beyond that, you’re in profit.

What Influences Spreads?

Not all spreads are created equal, and understanding what makes them widen or shrink can give you an edge in choosing the right broker.

Here are the key factors that come into play:

Broker Markups

Your broker has to make money. That’s where markups come in. Some brokers like IC Markets offer raw spreads (essentially the market spread) and charge a commission, while others roll their fees into wider spreads.

Example: A raw spread on EUR/USD might be 0.2 pips, but a broker could add 1 pip as their markup, making your spread 1.2 pips.

Market Volatility

Spreads tend to widen in fast-moving markets. This is because prices are jumping around, and brokers increase spreads to manage their risk.

Example: During a significant news release like Non-Farm Payrolls, spreads can skyrocket as liquidity providers struggle to quote stable prices.

Asset Liquidity

High-liquidity assets like EUR/USD or major indices like the S&P 500 generally have lower spreads because there’s a lot of buying and selling.

On the other hand, exotic currency pairs or niche stocks often have wider spreads due to lower trading activity.

Example: EUR/USD might have a spread as low as 0.1 pip, while USD/TRY could have a spread of 10+ pips.

Time Of Day

Markets aren’t equally active 24/7. Spreads are usually tight during peak trading hours (like the London-New York overlap) and wider during quieter periods, like the Asian session for non-Asian markets.

Type Of Broker

• Market Maker: These brokers set their own spreads and can widen them based on market conditions or internal policies.
• ECN broker/STP broker: These brokers pass on market spreads directly, which can be tighter but may charge a commission.

Knowing these factors can help you spot when and why spreads change – and, more importantly, which brokers and trading times are better for minimizing your costs.

What To Look For In A Low-Spread Broker

Low spreads are great, but they’re not the only thing that matters when choosing a broker. A flashy claim of “spreads as low as 0.0 pips” might sound tempting, but there’s more to the story.

Here’s what you should be looking for:

Transparent Average Spreads

Ignore the marketing hype about minimum spreads. Those ultra-low numbers often apply under perfect conditions that rarely happen.

Instead, focus on brokers like Pepperstone that provide their average spreads across key trading hours and assets.

Reliable Execution

Low spreads mean nothing if you can’t enter or exit trades at the prices you see. A good broker should offer fast and reliable trade execution, especially during high-volatility periods when the market is moving quickly.

Why it matters: Slippage (getting a worse price than expected) can cancel out the benefits of low spreads.

BlackBull impresses with speeds of less than 75 milliseconds.

Powerful Platforms And Tools

A low-spread broker should also equip you with the tools to trade effectively.

Look for platforms like MetaTrader 4, MetaTrader 5, or TradingView available at providers like FOREX.com with features like:

• Advanced charting and analysis tools.
• Automated trading support.
• Risk management tools like stop-loss and take-profit orders.

Market Data And Insights

A broker that provides real-time market data, economic calendars, and regular insights can help you make smarter trading decisions.

It’s a massive plus if these come free of charge, which you can find at firms like Fusion Markets.

No Hidden Costs

A broker with low spreads might offset them with other fees like:

• Commissions on trades (especially with raw spread accounts).
• High withdrawal fees or inactivity charges.
• Wide spreads during off-peak hours.

Strong Regulation

Choose a broker like Vantage which is regulated by reputable authorities, including the FCA and ASIC. Low spreads are only worth it if your funds are secure and the broker operates transparently.

DayTrading.com’s Regulation & Trust Rating can help here. We’ve classified a growing list of over 65 regulators depending on their reliability and safeguards, from ‘green tier’ bodies like the UK’s Financial Conduct Authority (FCA) through to ‘red tier’ bodies like the Vanuatu Financial Services Commission (VFSC).

Liquidity And Asset Variety

The more liquid the broker’s offering, the tighter the spreads you’ll see. Make sure they offer a good range of assets, especially the ones you trade most, whether that’s major currency pairs, indices, or commodities.

What Type Of Broker Offers The Best Spreads?

Raw spreads are the tightest possible spreads – straight from the interbank market, with no markup.

Electronic Communication Network (ECN) brokers like IC Markets and Pepperstone typically provide access to these raw spreads by directly connecting you to liquidity providers.

While raw spreads often come with a commission fee per trade, they can still be cost-effective for active traders like us. Here’s why:

Ultra-Low Spreads

ECN brokers provide raw spreads as low as 0.0 pips on major pairs like GBP/USD or EUR/USD. This significantly lowers your trading costs, especially for high-frequency traders who make multiple trades daily.

Imagine:

• You trade GBP/USD with an ECN provider offering a raw spread of 0.1 pip.
• The commission is $7 per round trip (buy and sell) on a standard lot.
• The total cost is $7 + the 0.1 pip spread, much lower than a broker with a fixed spread of say 2 pips.

Direct Market Access

ECN firms connect you directly to the market, meaning you’re trading against other participants (banks, hedge funds, etc) rather than the broker.

This helps reduce potential conflicts of interest, as the broker doesn’t profit from your losses, though it depends on the provider’s execution and renumeration arrangements.

Better Execution Speed

ECN brokers generally offer faster trade execution, which is crucial for day traders who rely on quick entries and exits.

Fewer requotes during volatile conditions means more reliable trading.

Transparency

You see actual market prices without hidden markups, giving you confidence that you’re getting a fair deal.

However, there are things to keep in mind:

Bottom Line

Choosing the right broker with low spreads can make a big difference in your trading profitability, especially for active traders like day traders.

However, look beyond flashy “minimum spread” claims and focus on brokers offering transparent average spreads.

For high-frequency traders, ECN brokers with raw spreads may be worth considering. Lower costs and direct market access can outweigh commission fees.

Ultimately, the best broker for you isn’t just about spreads – it’s about the whole package: reliable execution, helpful trading tools, and a trustworthy, regulated platform.

Find the right low-spread trading platform for your needs.