Top 7 forex Brokers With Low Pip

Top 7 forex Brokers with Low Pip

In the dynamic world of forex trading, finding the right forex broker can be a game-changer for traders seeking to optimize their profits. One crucial factor that significantly impacts trading costs is the spread – the difference between the bid and ask prices. 

While many brokers claim to offer zero spreads, it’s essential to delve into the details to uncover the actual cost of trading. This article will explore the top seven brokers with low spreads, providing traders with an edge in the competitive forex market.

Tickmill: Redefining Low Spreads

Tickmill has emerged as a frontrunner in the forex brokerage landscape, boasting spreads that hover close to zero on their Pro account. 

Our research indicates an impressive average spread of 0.47 pips. Traders on Tickmill’s Pro account benefit from cost-effective trading, making it an attractive choice for those who value minimal trading costs.

FP Markets: Raw ECN Excellence

FP Markets has become a go-to broker for traders seeking low spreads, particularly on their Raw ECN account. It offers traders a competitive edge with an average spread of 0.7 pips. 

The Raw ECN account ensures traders experience minimal slippage, providing a reliable platform for executing trades precisely. You can check out Metherworld broker to access a demo account with free trials as well as Islamic accounts.

CMC Markets: Cost-Efficiency Across the Board

CMC Markets impresses with its commitment to low spreads across all accounts. With an average spread of 0.73 pips, traders can enjoy cost-effective trading regardless of the chosen account type. CMC Markets’ dedication to providing competitive spreads positions it as a reliable option for traders with varying preferences.

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IC Markets: cTrader Precision

IC Markets stands out for its cTrader account, offering traders an average spread of 0.62 pips, which is highly competitive in the forex world. 

The cTrader platform ensures lightning-fast execution, making it an ideal choice for those who prioritize speed and precision in their trading strategies. IC Markets’ commitment to low spreads on the cTrader account enhances the overall trading experience.

HYCM: Raw Account Advantage

HYCM, or Henyep Capital Markets, secures a spot on our list with its Raw account, featuring an average spread of 0.6 pips. 

Traders opting for the Raw account at HYCM can benefit from direct market access, allowing for minimal interference and competitive pricing. HYCM’s Raw account is tailored for those who demand transparency and low trading costs.

Interactive Brokers: A Global Low-Spread Leader

Interactive Brokers has positioned itself as a global leader in low spreads, with an impressive average of 0.6 pips as of the latest records. 

Offering a diverse range of financial instruments, Interactive Brokers provides traders with access to a vast market while ensuring competitive spreads. Traders looking for a globally recognized broker with low spreads can find Interactive Brokers to be a compelling choice.

IG: Forex Direct for Deeper Discounts

IG, a well-established name in the forex industry, provides traders with an option for even lower spreads through their Forex Direct account. 

While the average spread is 0.98 pips, traders can unlock deeper discounts by opting for the Forex Direct account. IG’s reputation for reliability and extensive market coverage makes it a top choice for traders seeking low spreads and comprehensive trading services.

Factors to Consider When Choosing a Low Spread Broker

While low spreads are a crucial factor in choosing a forex broker, it’s essential to consider other factors that contribute to a seamless trading experience. Here are some key considerations:

  • Execution Quality: Assess the broker’s execution quality, especially during volatile market conditions. A low spread is valuable, but if execution suffers, it can impact overall trading performance.
  • Commission Structure: Understand the broker’s commission structure. Some brokers with low spreads may charge commissions per trade. Evaluate the overall cost, including spreads and commissions, to determine the most cost-effective option.
  • Trading Platform: The trading platform plays a vital role in executing trades efficiently. Choose a broker that offers a user-friendly and robust trading platform that aligns with your trading style. Novatechfx provides a wide range of trading platforms to choose from. 
  • Regulatory Compliance: Prioritize highly regulated brokers to ensure your funds’ safety, Regulatory compliance adds an extra layer of security and transparency to the trading relationship.


Navigating the forex market with a broker that offers low spreads can significantly enhance a trader’s profitability. 

The top seven brokers highlighted in this article – Tickmill, FP Markets, CMC Markets, IC Markets, HYCM, Interactive Brokers, and IG – have demonstrated a commitment to providing traders with competitive spreads. 

However, it’s crucial for traders to consider other factors, such as execution quality and regulatory compliance, to make an informed decision that aligns with their trading goals. 

Choosing a broker with low spreads is a strategic move, and with the right considerations, traders can optimize their trading experience in the dynamic world of forex.

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