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Top 30 Cheapest Forex Broker 2024. Best Forex Broker

Top 30 Cheapest Forex Broker 2024. Best Forex Broker

Most online brokers today offer you the possibility of opening an account and trading on a variety of different financial markets such as forex. On the flip side, finding the cheapest forex broker can also be quite difficult because of many choices today and reasons. In this post, I will inform you about what makes a broker expensive in the first place and how to find low-cost brokers that do not compromise quality or service.

Forex Broker Costs? why do they provide the cheapest forex broker service


Fixed Spreads – These do not change under any circumstances in that market. Known spread, though they will withdraw from spreading in no man’s land markets

Variable Spreads: Increases or decreases according to the market. So while they will lower in normal market conditions, these are going to widen with high volatility.


Per Trade Commission -this is generally a fixed amount per traded lot of hand (not all software will provide this information) EXAMPLE $3.50 per 100,000 traded

Fixed Commissions as % of Trade Value Commission% > VAR Spread Fees reflect the effective cost, while fixed commissions typically do not.


Overnight Swap Rates: A rollover fee is applied to positions that remain open throughout the night Trade Rollovers are based on the Interest Rate Differential that exists in the Currency pair concerned.

Withdrawal Fees – fees for withdrawal of money from your trading account another might be that a few brokers are willing to give you like x amount of free withdrawals per month.

Fees Inactivity Fees · you will be debited with this fee after not capturing more than 30 pips over your account for a period of one to six months.


 Summary Tips for Choosing the Top Cheapest Forex Broker

Commission and Spread Structure for Choosing the Top Cheapest Forex Broker

Currency Pairs: 80 CFD markets Spreads From (pips): MT4 Standard NDD account offers spreads from just pips Raw Spread Accounts: These accounts provide almost zero” spread, but the commission will be charged per trade. Intended User: High-Frequency Traders

Standard Accounts: Commission-free but wider spreads, for traders operating at a lower frequency.

 Regulation and Security for Choosing the Top Cheapest Forex Broker

  • FCA (UK): Perfectly fitting more like stringent regulations & protections around client funds and operational transparency.ShouldBe Skipped in my opinion.
  • ASIC (Australia): ASIC provides traders in Australia with a safe trading environment, by enforcing regulations that promote the security of client funds and fair-trading practices.
  • US CFTC/NFA: the strictest, but the best security protocols for traders.

Trading Platform for Choosing the Top Cheapest Forex Broker

  • MetaTrader 4 (MT4) – Known for its user-friendly features, top-notch trading tools and the option to benefit from automated strategy execution.
  • MetaTrader 5 (MT4): It has more features than the old lady, with support in numerous timeframes as well as a wealth of order types; there is an integrated economic calendar too.
  • Proprietary Platforms: These are customized to the broker and can also offer more auto-trading services from a broker directly.

Nature of Account and Baseline deposits

  • Micro Accounts — these are accounts through which you can take very small lot sizes trades – great for newbies.
  • Standard Accounts- on these, you are needed to enter normal trading quantities with the average deposit.
  • VIP Accounts: Higher minimum deposit but with special services! as lower spreads and Account Manager(Program).

 Leverage and Margin for Choosing the Top Cheapest Forex Broker

  • Leverage: This enables you to open position sizes that are much larger than your account would allow but as a drawdown can multiply the profits so too with losses it is highly risky. For Advanced Traders
  • Less Leverage: Lower risk but more capital needed for bigger positions. Supports Beginners and Low-risk Traders

Customer Service for Choosing the Top Cheapest Forex Broker

  • 24/5 or 24/7 Support: The only factor that may be important as they can help you under reverential market conditions and are likely to solve your problems she las More soon as possible
  • They Have Multilingual: A Biggie for non-English Traders
  • Account Managers: There are personalizable customer support services with trading tips included on higher-tier accounts

Top 10 Cheapest Forex Broker 2024

Cheapest Forex Broker >XM

  • Pips: Low starting at 0.6 pips on major pairs with tight spreads
  • Commission: Some accounts are commission-free, but just like with every Zero account holder; it is cost-effective in the spreads provided.
  • Micro, Standard, Zero, and Ultra Low Account Types.
  • Deposit: $5 How to the min/max Appear in Forex Trading (Micro and Standard)?

Accounts that meet specific requirements will get free VPS service, plenty of promotions and bonuses Hedging JavaScript Programming Assistance EA Development Python Book ConverterIntialized Savings/Investment Tokens They vary from


Cheapest Forex Broker Pepperstone

  • Spreads: 0 pips (Razor accounts)
  • Commission: $3.50 per lot (100k) traded on Razor accounts
  • Standard: Account types, Razor
  • Minimum Deposit: $200.
  • You get — other things can be smart trader tools, Auto chartist, and multiple trading platform support.

IG Group a Cheapest Forex Broker

  • The forex trading platform, VM Markets also lets you trade with tight spreads as low 0.6 pips, Find out more about Markets Amazon
  • Commissions: no commission on forex trades,
  • Account Types: CFD Trading, Investing (Buy Stocks), Tax-Free Spread Betting in the UK.
  • Minimum Deposit: $0 but a recommended minimum deposit of 250 dollars according to bro office
  • EU Brokers Comparison: Other Highlights Robust trading platform selection of online education resources and research tools

More read:

Cheapest Forex Broker FP Markets

  • Spread: 0.1 pip (Raw spread)
  • Commission: $3 per 100,000 traded on Raw Accounts·
  • Available Account Types: Standard, Raw and Islamic.
  • Minimum Deposit: $100.

Social trading via Myfxbook and Auto Trade  Advanced charting software with no extra cost to all clients including free VPS Server

Cheapest Forex Broker IC Markets

  • Spreads: From 0.0 pips
  • Commissions: USD 3.50 per lot per side on Raw Spread accounts
  • Visit the updated list of regulations: ASIC, CySEC, FSA.
  • PlatformsMT4, MT5, cTrader.
  • Minimum Deposit: $200.
  • Extra Features: Higher level trading tools, free VPS for appropriate customers & faster execution speeds.

Cheapest Forex Broker RoboForex

  • Spread: Spreads start from 0.00 pips (EUR/USD) on ECN accounts
  • Commission: $2 per lot on the ECN accounts.
  • Regulation: IFSC regulated.
  • Platforms: MT4, MT5, cTrader, R Trader.
  • Minimum Deposit: $10.

Additional Features: Cashback rebates, copy trading via CopyFX, Nine account types including cent accounts.

Cheapest Forex Broker FBS

  • Spreads — Begin from 0.0 pips on ECN accounts
  • Commission: 6 USD/Lot — For ECN accounts ·
  • Regulatory: IFSC, CySEC.
  • Platform: MT4, MT5,FBS Trader
  • Minimum Deposit: $1.

✓ Extras: Many promotions and bonuses, there is an FBS Copy Trade copy trading social platform for those who want to follow other active traders Low account minimums are possible depending on the country of residenceFuera del buckle canceler additional m — Utilizer estos funcionalidades adicionales: FBA commercial social site web y Platform de CPS XX0 Options multiples premios)

Cheapest Forex Broker Exness

  • Spreads: 0.3 pips (Standard)
  • Commissions: No commission on Standard accounts; $3.50 per lot traded on Raw Spread account
  • Regulation — FCA, CySEC, FSA.
  • Platforms: MT4, MT5.
  • Minimum Deposit: $1.
  • 50x leverage withdraws are instant and enough education material as well.

Cheapest Forex Brokers Octaves

  • Spread 0,00 pips
  • Spreads: 0.8 pips fixed on Classic accounts · Commissions:3$ per lot at ECN accounts
  • Platforms: MT4, MT5 and cTrader
  • Minimum Deposit: $100.

Added benefits: no swaps on Islamic accounts, many other promotions, and low minimum deposits ·

Cheapest Forex Brokers Tickmill

  • Spreads – 0.0 pips (Pro accounts)
  • But the Commissioner option offers a rate of $2 per lot in round turn commissions for those accounts that are only used to trade Forex and cash indices.
  • This includes classification by regulatory reputation (FCA, CySEC, or FSA)
  • Platforms: MT4, MT5.
  • Minimum Deposit: $100.

Rapid trade execution — No slippage or re-quotes JOIN NOW Free educational materials.


20 more Cheapest Forex Brokers list

Cheapest Forex Brokers InstaForex

  • Fixed spreads from 2.0 pips
  • ·Commissions: Most accounts offer zero commissions
  • Type Of Accounts: Insurance regulated by CySEC, BVI FSC.
  • Platform: MT4, Mt5 & Webtrader
  • Minimum Deposit: $1.
  • Bonus Features: Several bonuses and promotions, PAMM accounts, and analytical tools.

Cheapest Forex Brokers HotForex

  • Spreads — 0.1 pips (EUR/USD) on Zero Spread accounts
  • Commissions: As low as $6 per lot on Zero Spread accounts
  • Regulators: FCA, CySEC and FSCA
  • Platforms: MT4, MT5 & HotForex Platform.
  • Minimum Deposit: $5.
  • Additional: Materials on trade, types of accounts. Variety of accounts · Negative balance protection.

Cheapest Forex Brokers XTB

Trade over 40+ equities with spreads from as little as 0.1 pips on the stock market and daily options in stock, commodities & index trading at the best Stock Markets!

  • Commission: $3.50 / lot (on Pro accounts)
  • Regulators: FCA, CySEC, KNF.
  • Platforms: xStation 5, MT4.
  • Minimum Deposit: $0.
  • Additional features: station (Award-winning platform), educational material, and advanced market research.

Cheapest Forex Brokers

Spreads: As low as 0.2 pips on Standard accounts

· Commission: 5 USD per 100KUSD Traded on Commissions Account

Regulation: FCA, NFA, CFTC*

· Platforms: MT4, Forex. com proprietary platform.

· Minimum Deposit: $100.

· Other Features: Loads of charts research on the market, and trading ideas.


Spread: 0,0 pips (raw spread for Pro Accounts)

· Commission – $7 per lot round-turn for Pro account

· License: FCA (UK), ASIC · Regulated? :

· Platforms: MT4, MT5.

· Minimum Deposit: $0.

Other Features: Free VPS, Auto chartist, and PsyQuation Premium


Spreads: Starting from 0.2 pips on Raw accounts ·

Commission: $4 per lot (ECN Accounts)

Regulamentado por: FCA / CySEC / DFSA

Platforms: MT4, MT5.

Minimum Deposit: $100.

Your every profit, Hourly deposits & withdrawals, All Types of accounts used and Learning materials.

Admiral Markets

* Leverage Maximo: 1/1000 * Spreads desde 0,1 pips en cuentas Zero MT5

As follows: Commission: Zero MT5 ($3 per Lot, Per Side) Accounts;

Regulation: FCA, ASIC, CySEC·

Tradeable Instruments: Platform:$ MT4,MT5 Admiral Markets Custom Platform

· Minimum Deposit: $100.

Additional Features: Sophisticated charting software, educational videos and content library, negative balance protection.


Spread: 0.0 pips (Think Zero Accounts)

• Commissions: $3.50 per lot on Think Zero (ECN)

· FCA, ASIC & FSCA regulated.

Brokers: MT4, MT5, Think Trader

Minimum reference: $0 of course with standard accounts and only up to $500 value on Think Zero Account.

· Additional Features: Full trading tools, Trade Interceptor platform and various account types.

s. FXTM (ForexTime)

Spreads: From 0. pips on ECN accounts Spreads

Commission: 4$ per lot, ( on ECN accounts)

Regulated by: FCA, CySEC, and FSCA

Platforms: MT4, MT5.

 Minimum Deposit: $10.

Neat Features: Copy Trading (FXTM Invest), varied accounts, Market Research


Spreads – From 0.4 pips on ECN Accounts

· Commissions: $3 per lot, 1.5open&close side/lot ( on ECN account )

· Regulation: FSCREGULATED

· Platforms: MT4, MT5.

· Minimum Deposit: $20.

Prominent Features: — PAMM accounts, multiple account types and outstanding educational content.


Spreads: From 0.0 On ECN Accounts

ECN accounts: from $5 per lot

· Regulated: Yes, by CySEC

· Platforms: MT4, MT5.

· Minimum Deposit: $50.

Addition In The Scope Of Funds: investment social trading platform, bonus and promotion of types above (5), Analytic.


– Spreads: 0.0 pip (Raw Spread accounts)

Spread-less with 3/Lot commission (Raw Spread accounts)

· Regulation: IFSCregulated.

· Platforms: MT4, MT5.

· Minimum Deposit: $1.

— Extra Services Mini accounts, 1:1000 leverage, bonuses, and promotions.

Interactive Brokers

Spreads: From 0.1 Spreads

Commission 2$/100k traded

Regulation: SEC, FINRA, and FCA + ASIC regulated.

On which platforms: Trader Workstation (TWS), IBKR Mobile

 Minimum Deposit: $0.

Pro • Multi-asset trading, Technological superiory Contra gegenüberstellung weitere Vorteile: Integrierte ESG-Punktebewertung in der gesamten Allianz-Fondspalette weit über 30 Investieren nachhaltig Produkte.

Cheapest Forex Brokers OANDA

Spreads–from 0.1 pips;

 Commission: $5 Per 100K Traded On Core Pricing Accounts


Trading platforms: OANDA Trade, MT4 Enditor, and others TradingView

Minimum Deposit: $0.

Extra Benefits: API for algo trading, wide education & training and protection from negative equity

FXCM Cheapest Forex Brokers

· Spreads: From 0.2 pips

*Commission $3 for 100,000aux trading

Overall: Regulated by FCA, ASIC

Trading Station, MT4, and NinjaTrader Platforms Launch

· Minimum Deposit: $50.

Other Features: Free English learning upgradations, free premium apps from their Android app store, high end research and analysis tools everything for FREE Automated trading Enabled


Spreads: Spread from 0 pips for Zero accounts

+ Commission: $3.50 per lot/ side on Zero Account

· Regulated as: VFSC, CySEC

· Platforms: MT4, MT5.

· Minimum Deposit: $10.

For Ramex Copy trading with numerous accounts including Standard, Institutional Free education center


Minimum Spreads: 0.0 pips (on VIP accounts)

. Type: Commission Based. Spread: From 1.0 pips commission: USD 3.75 for all lots (VIP account only)

Regulation: FCA, CySEC, ASIC

Platform: Metatrader 4, MT5 & IronFX WebTrader.

· Minimum Deposit: $100.

Features & Benefits · Bonuses and Promotion with High-quality offer · Trading tools for personalization of trade experience Extensive market research Several Account types to redeposit based on your desire & acceptability.

 Vantage FX

Spreads *Lowest spread available on Razor Account as shown.

 Commission: $3 per lot (per side) for Raw ECN accounts

Regulation: ASIC, CIMA.

Availability: MT4, MT5 and Vantage FX App

Minimum Deposit: $200.

Advanced charting tools ▪︎ ‎ Free VPS▪︎ Social trading by ZuluTrade and Myfxbook.


Read more Spreads From 0. Accounts

The Commission will equal £3, 5 per lot For accounts traded on the “cTrader” trading protocol and $7.00/lot for ECN/SWAP encumbered accounts. accounts;

· Regulated by FCA, ASIC

Platform: MT4, MT5, TickTrader

· Minimum Deposit: $1.

Trading instruments: Cryptocurrencies PAMM Accounts Low Spreads


 Spreads: 0,9 fixed spreads (pipettes);

Forex transactions are commission-free. hero配置说明 zero

Regulation: CySEC, ASIC

Markets: Currencies, Indices and Metals. + Platforms -easy Markets Web; MT4, MT

 Minimum Deposit: $25.

Deal Cancellation, Guaranteed stop loss for a fee with large education &analysis.

Bonus Cheapest Forex Brokers list


Spread: From 0.1 pips on ProSTP accounts

Commission: $8 per lot (ProSTP account).

• Regulated by FSC BVI

 Platforms: MT4, Forex4you WebTrader

· Minimum Deposit: $1.

In addition: Social trading Share4you, bonuses, and types of accounts.

Grand Capital

Spreads: Starting From 0.4 pips on ECN Prime accounts

Commission: ECN Prime accounts had $5 per each lot.

Regulation: Regulated by FinaCom ·

Platforms — MT4, MT5, WebTrader·

· Minimum Deposit: $100.

The American broker must also have copy trading, deep educational resources, and a large selection of financial instruments.


·Spreads: From 0.0 pips on ECN accounts

Commission: $5 per lot (on ECN)

Regulation: CySEC regulated·

Platforms: MT4, MT5.

Minimum Deposit: $50.

And only disburses in a few hours · other features: Copy trading, different bonuses & extremely advanced analytical tools.

 Trading Cost Reduction Strategies

Choose the right account type: The ideal you have to choose is the one that has a good cost structure matching your trading style and volume.

Spread Monitoring – it widens when the news is about to come or on the market open and close.

Avoid transaction fees by timing your withdrawals correctly, and keep the account active enough to avoid inactivity costs.

Place Limit Orders: When you use a limit order to buy or sell an asset, it is guaranteed that your order will be executed at the price specified.



Some Points Must Be Remember While Choosing the Lowest Spread StaForex So It Is very Useful to explore Some of these points the broker in question must be regulated, the trading platforms they offer, and how good the consumer service factory is. By the time you select a broker that can do these states, and the references also check out with your due diligence congratulations; this is a good forex trading environment at rather cheap prices while not having to relinquish anything in quality or safety.


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