We try to keep our spreads low and are transparent about our pricing. You'll never be blindsided by hidden fees and we don't charge commission. Forex trading involves risk. Losses can exceed deposits. Average Spreads are calculated for the 4 weeks ending on the last day of every month. Spreads can vary depending on market conditions. They can be lower during normal conditions or higher during times of increased volatility or low liquidity.

When you trade with us, Trading. com is your counterparty. He has a Master's Degree in economics at Penn State University and a B. He also owns the website Young and the Invested providing investing advice for young individuals.

Fact Checked. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Americans looking to trade spot forex in the most favourable environment with the most powerful tools? In this roundup, we review the top low-spread US forex brokers. Why focus on low spreads? For many traders, spreads more than fees determine whether it makes economic sense to trade.

Understanding the different combinations of tight spreads, commission-based accounts, and commission-free market maker accounts can help US traders select the broker best aligned with their trading needs and budget. In addition to low forex fees on long positions, traders opting for a Spread Only Pricing account pay no commission on round-turn trades per K lot. Spread Only Pricing accounts charge no commission on round-turn trades. Instead, OANDA assesses a spread fee to cover the cost of executing a trade.

However, note that the spread for these accounts varies, starting at. Neither the Spread Only Pricing nor the Core Pricing accounts require a minimum balance; however, you will be charged a monthly fee of up to ten units of your account currency for periods of inactivity longer than twelve months. On the other hand, OANDA stands out from other low-spread US forex brokers for its customer service. OANDA limits American traders to only forex products but offers an impressive variety: up to 68 currency pairs, with spreads as tight as 0.

Major currency pairs include EUR, GBP, USD, JPY, NZD, AUD and CHF. OANDA may also prove attractive to volume traders for its rebate structure.

OANDA requires no minimum deposit to open an account and begin live trading, regardless of the account funding method. OANDA account holders are spoiled for choice when it comes to trading platforms. In addition to the award-winning web, desktop and mobile options powered by TradingView, OANDA offers access to MetaTrader4 and MetaTrader4 Premium via a proprietary plugin. Regardless of your preferred platform, OANDA offers all the tools a beginning or advanced trader might want, including personalised charts, performance analytics and layouts.

Traders opting for the desktop platform will also gain access to detailed assessments of strategic strengths and weaknesses based on behavioural patterns. With over 80 currency pairs and spreads as low as 0. While IG offers a single account type for US traders — the CFD account — no commissions and good leverage make it appealing for both new and seasoned forex traders.

Leverage for major currency pairs extends to the maximum of , and minor pairs are capped at — the maximum permitted by the Commodities Futures Trading Commission CFTC and the National Futures Association NFA. Spreads vary across currency pairs and can range from a tight. High-volume traders also can receive a rebate on their spreads to reduce brokerage costs. Professionals and novices alike praise IG for its first-in-class trading platforms, available for web, mobile and tablet.

From advanced charting capabilities — 32 indicators and 20 drawing tools — to remarkably comprehensive market research, IG has all the infrastructure a new trader might need and all the power a forex specialist could want in a single, easy-to-access platform. As one of the original retail brokerages to offer forex as a tradable instrument to individual traders, IG has decades of experience behind its trading platform and market research tools, making it an ideal choice for beginner traders.

Offering spreads as 0. com takes first place as the lowest of the lowest spread US forex brokers. In addition, the no-dealing-desk model of its straight-through processing STP and electronic commission ECN accounts means Forex.

com processes trades at market prices, which means tighter spreads and higher profits for traders. View Forex. For discretionary traders, the Standard and MetaTrader 4 accounts charge no commission or funding costs and a minimum spread of 1. Standard account holders will execute trades via Forex. For system traders and others relying heavily on speed and volume, the Commission and STP Pro Account types boast impressively tight spreads: 0.

Interestingly on a pro-rata basis I. if your trade in , lots , unless you trade 1B the previous month, commissions are lower with the Commission account. With nine major currency pairs, plus gold and silver, index futures and futures options, Forex. com stands out amongst the lowest spread US forex brokers for the variety of trading products available in the US. In addition to MetaTrader 4, Forex.

Additionally, traders using the Standard account can diversify their activity with the NinjaTrader platform, which includes futures-specific charting tools and charting and automation tools comparable to MetaTrader. Traders using the Standard account can use Forex. com Trading Platforms, commission free trading is also available with a MetaTrader 4 account.

The Forex. com web and mobile platforms stack against MetaTrader, with advanced charting tools, trading from charts, and other powerful features. Low fees and a straightforward trading environment based on MetaTrader 4 make Forex. com a good choice for intermediate and advanced traders with budget concerns looking for a no-frills brokerage.

The TD Ameritrade Standard account operates on a dealing desk model with a 1. But given the variety of products available, TD Ameritrade remains an attractive option for everyday traders. As a full-service brokerage, TD Ameritrade offers account holders a comprehensive array of trading products, including 70 forex pairs. In addition to forex, TD Ameritrade account holders can trade in ten precious metals, cryptocurrency, futures and futures options and ETFs, though commissions will vary depending on the product.

TD Ameritrade relies on the thinkorswim platform to deliver maximum flexibility to forex, options, futures and day traders. Available in desktop, web and mobile formats, thinkorswim provides many of the same features as MetaTrader 4, plus some critical extras, like depth of market views. Advanced desktop users can take advantage of the proprietary Strategy Roller tool to manage Covered Call positions, while novices hone their trading strategy using the paper money virtual trading simulator.

However, reliance on thinkorswim makes for limited third-party integrations, and the platform does not allow for social trading. HFM 4. Forextime 6. CM Trading 7. Go Markets 8. Alpari Easy Markets. OctaFX 2. Bdswiss 3. Axiory 4. Pepperstone 5. Plus 6. Exness 8. Go Markets 9. com Oanda 2. com 4. TD Ameritrade 5. ATC Brokers 6. Nadex 7. com 8. ACY 9. NinjaTrader Best CFD Trading Strategies What is CFD Trading?

Top CFD Forex Brokers. What is Bitcoin? Bitcoin Trading Bitcoin Trading Tips and Strategies Bitcoin Mining Bitcoin Forex Brokers Quotes from Bitcoin Believers Bitcoin Halving Bitcoin Brokers Best Bitcoin Trading Apps Bitcoin Trading Bots Cloud Mining. Ultimate Guide to Cryptocurrency Cryptocurrency Pairs Cryptocurrency Brokers Cryptocurrency Exchange Platforms Cryptocurrency Blockchains.

Litecoin Ethereum Ripple Bitcoin Cash. Global Impact of Crypto Trading Worldwide Currency Report Cryptocurrency Cap Crypto Transaction Speeds Crypto Diversity Worldwide Crypto Readiness Report Crypto Opportunity Cost Crypto Spending Top Anti-Crypto Countries Crypto Regulation Index Global Investment Report. How to Invest Money How to Invest in ETFs How to Invest in Index Funds How to start Forex Trading How to Pick Shares How to Report a Forex Broker How to be Consistent in Forex.

The Top 6 Best Forex Brokers in the USA revealed. We have rated and reviewed the best Forex Brokers accepting US Traders. This is a complete listing of The 6 Best Forex Brokers in the USA. In this in-depth write-up you will learn:. The Commodity Futures Trading Commission CFTC is the independent federal agency tasked with the regulatory authority of the derivatives markets, including futures contracts, options, and swaps, in the United States. The National Futures Association or NFA on the other hand is an independent self-regulatory organization for the U.

futures and derivatives markets designated by the Commodity Futures Trading Commission CFTC as a registered futures association. Overall, Ally Invest is considered a trustworthy US Stockbroker with average risk.

Ally Inve st is listed on the New York Stock Exchange and has a banking subsidiary, Ally Bank. Rated of Recommended FX Brokers. Minimum Deposit. Islamic Account. Trading Fees.

Overall, Forex. com can be summarised as a trustworthy broker with a reputable, well-established reputation that provides Contracts for Difference CFDs , trading facilities on forex, user-friendly trading conditions, education materials, and research tools for a global market. Overall, Interactive Brokers has a reputable reputation and offers traders user-friendly trading conditions.

Interactive Brokers offers quality education material and research tools, Contracts for Difference CFDs , and trading facilities on shares, forex, commodities, cryptocurrencies , ETFs, options, and indices to a global market. Rated 41 of Recommended FX Brokers. FCA, ASIC, NYSE, SEC, FINRA, IIROC. Regulated in Australia, Bahamas, Cyprus, Dubai, Germany, Kenya, UK.

Overall, Oanda can be summarised as a credible broker. Oanda is fully regulated thus making it a safe and trustworthy broker. OANDA is considered low-risk with a trust score of 91 out of TD Ameritrade.

IG is regulated by two tier-1 regulators highest trust and it has a trust score of 96 out of Rated 38 of Recommended FX Brokers. IG Group. Now it is your turn to participate:. Which US broker from this list do you intend to test out? What was the determining factor in your decision to engage with a certain broker? Regardless, please share your thoughts in the comments below. Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the initial deposit of the trader.

Traders need to ensure that they understand their risk exposure and they need to determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital.

JP Markets offers a welcome bonus to all new traders who choose to register for a real account. JP Markets is considered a low-risk and can be summarized as trustworthy and reliable. JP Markets is regulated by the top-tier Financial Services Board, Based. Overall IW Bank offers numerous investment prospects for their clients, and allows them to invest in equities and bonds.

IW Bank clients may experience different fee structures according. com does not offer a sign-up bonus for first-time sign-ups or beginner traders. No sign-up bonus, deposit bonus, or welcome bonus is offered to traders. The Minimum Deposit for 1st-time traders might vary based on. com offers Spreads and commissions vary according to the account type that the trader is using. RSS Feed. Top 4 Brokers. Read Review. Open a Free Trading Account.

Tiếng Việt. Czech Republic. Open a FREE Trading Account.

Brokerage for ECN-style forex accounts is based on spreads and commissions with the latter the primary trading cost. We compared the best trading accounts based on brokerage to determine the lowest commission forex broker.

With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally.

Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees. He has an MBA in finance from the University of Miami Herbert Business School. As a Senior Financial Analyst for Alphabet with an active CPA, Riley has a vast amount of financial knowledge.

He has a Master's Degree in economics at Penn State University and a B. He also owns the website Young and the Invested providing investing advice for young individuals. Fact Checked. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. The best forex broker with low commissions was Fusion based on the brokers:.

The November rates shown above are based on the lowest commission account offered by each broker which for Fusion Markets is the Zero Account.

Fusion offers a standard no-commission account CLASSIC account and an ECN style spread plus a commission account ZERO account. The ZERO account has the lowest fees of the two accounts with the marked-up spreads of the classic accounts leading to higher brokerage. Based on this, the core focus of our Fusion Markets review focused on the cheaper Zero account features. The ZERO Account commissions are based on one standard lot which is , units and the base currency the trader selects when opening an account.

Below shows the per-side rate per , units traded which is the lowest of any forex brokers irrelevant of the base currency selected:. The Fusion markets ZERO account also has ECN-style competitive tight spreads.

The table below compares the ZERO account average spreads to a handful of similar brokers updated monthly. spreads are taken from each broker's website and updated monthly. Our exclusive calculator has combined the commission and spread costs to work out the brokerage by the base currency the trader selected and the currency pair traded. These costs vary but Fusion Markets in almost all scenarios has the lowest trading costs. This is why Fusion Markets is considered the forex broker with the lowest brokerage.

Fusion Markets gives traders the choice of the MetaTrader 4 MT4 and MetaTrader 5 MT5 trading platforms. MT4 is the most popular forex trading platform worldwide while MT5 is the most popular platform for CFD trading.

The latter excels at trading a variety of asset classes from indices, precious metals and energies to cryptocurrencies.

Fusion Markets offers trading platform extensions including Myfxbook which is a social trading program that has one of the largest online trader communities. Individuals can follow and copy traders using Myfxbook with the software hand-picking the best-run systems to follow.

Duplitrade is also available on MetaTrader 4 only and has similar functionality allowing individuals to copy other successful traders. This is based on the Australian Dollar and therefore considerably less if you convert it to USD. Based currency options for traders include:.

There are no deposit or withdrawal fees on most payment methods. The primary funding and withdrawal facilities offered by Fusion Markets include:. In our experience of opening an account in , we found it straightforward to open an account with Australian-based customer service available via live chat and phone support assisting the team with questions.

There is also overseas-based customer support for trading periods when the Australian-based call centre is closed. The broker offers the two most popular trading platforms, no fees on deposits or withdrawals and adequate customer support. The Pepperstone standard account is the best no commission account with:. The above spread comparison of non-commission accounts was the primary reason the Pepperstone standard account was recommended.

A more thorough review can be viewed below including the differences between a spread-only account and an ECN-style trading account. Pepperstone is a no-dealing desk , STP broker that offers tight spreads, low commission costs, and excellent trading platforms. When signing up to Pepperstone, you can choose between two trading accounts, with neither requiring a specific minimum deposit to start trading. Razor Account holders pay different commission fees on each platform:.

As a Pepperstone client, you gain access to excellent trading conditions with low fees, fast execution speeds and ultra-tight spreads. As a no-dealing desk NDD broker, Pepperstone uses multiple liquidity sources to determine prices and fill orders, meaning you can trade institutional grade spreads from a retail investor account.

The following features ensure Pepperstone provides you with a seamless trading experience when using the MT4 broker :. Although MetaQuotes released MT4 back in , it is still the most widely used forex trading platform worldwide.

Regardless of your level of trading experience, the platform provides suitable trading tools. Beginner forex traders can benefit from the large CFD trading you gain access to, while seasoned pros can develop algorithmic strategies that include a range of complex instruments and features. Expert Advisors EAs allow you to fully automate trading using algorithms that you either write yourself using the MT4 programming language MQL4 or download from the MetaTrader Marketplace online.

If you are a high-volume trader looking for a way to reduce your trading costs, Pepperstone offers a VIP account offering cash rebates on commissions. The online broker holds brokerage services licences in seven major financial hubs around the world:.

Pepperstone offers the lowest spreads of any forex broker offering non-commission trading accounts. The low brokerage costs combined with no funding or withdrawal make them the best low-cost choice for traders looking to trade with no commissions. Traders have the choice of the three most popular trading platforms including MT4 , fast execution speeds and award-winning customer support. Choosing FP Markets means you get access to ECN pricing which means some of the tightest spreads on the market.

FP Markets offers a choice of 2 trading accounts, this is the Standard account and the Raw Spread accounts.

On the other hand, other brokers offer superior standard account spreads for this reason we review and recommend the RAW spread account. FP Markets RAW account is an electronic communication network ECN pricing account that uses Straight-through processing STP to connect you to liquidity providers.

Like all ECN pricing accounts. You will need to pay a commission to open your position and close your position. The table below shows commissions for forex and metals to open your position. For ECN trading with a competitive brokerage, FP Market is suitable for European traders with CySEC regulation. While Fusion Markets has a lower commission it is only ASIC regulated.

Also, Pepperstone has higher RAW spreads but has lower brokerage when it comes to their no-commission standard account. GO Markets is a globally regulated CFD and forex broker that provides a range of base currencies to choose from, as well as fee-free payment methods.

The broker offers two options for retail investor accounts. If you want to trade commission-free spreads, a Standard Account is available with forex spreads from 1. Alternatively, you can sign up for the GO Plus Account if you are looking for an ECN-type trading experience. Minimum spreads are as low as 0. In terms of financial regulation, GO Markets holds a financial services licence issued by the Cyprus Securities and Exchange Commission CySEC , the Australian Securities and Investments Commission ASIC and the Seychelles Financial Services Authority FSA.

The investor protections, maximum leverage and account management features you receive depend on the subsidiary you sign up to.

The base currencies and payment methods available differ between the ASIC, CySEC and FSA-regulated subsidiaries. While various e-wallet options can be used to deposit and withdraw funds, PayPal is not available with any GO Markets subsidiaries.

GO Markets charges no fees for all deposit and withdrawal methods, yet international bank transfers may incur third-party fees. GO Markets provides a range of fee-free payment methods when depositing or withdrawing funds from your trading account.

If you are based in Europe and register with the CySEC regulated subsidiary, you can select one of three base currencies:. European traders can deposit and withdraw funds with no fees using the following payment methods:. As with account base currencies and payment methods, the initial minimum deposit you are required to make varies between regulatory jurisdictions:. When setting up your trading account with GO Markets, you can choose from a wide range of base currencies and payment methods.

Additionally, the broker offers fee-free funding methods, including credit card, bank transfer and e-wallet options. FXTM is the home of over 3 million traders from over countries with 10 global offices.

Aside from the low trading costs that accommodate the needs of scalpers and day traders, active traders can profit from a selection of 6 different accounts, superfast order speed, popular trading platforms and over financial instruments. Clients with FXTM can select between three commission-free accounts and 3 ECN account types with floating commissions:.

Active traders could benefit from exploring ECN pricing with low spreads, deep pools of liquidity and faster execution. Additionally, the ECN environment ensures a market execution model with total anonymity. The low bid and ask spreads and fast order executions are the perfect environment for scalping trading strategies. More, the ECN account supports FXTM Invest a copy trading platform that allows both investors and strategy managers to earn passive income.

FXTM offers some of the lowest fixed commissions in the FX space. FXTM clients need to be aware that commission is charged on the number of units traded in the base currency.

Additionally, FXTM offers more flexibility for high-volume traders. Active traders can qualify for lower commission rates if they generate high turnover. The commission on the ECN MT4 account is broken into 4 different brackets based on the trading volume and account equity. This in combination with the flexible commission terms catered for active traders helps to cut the trading costs significantly. AvaTrade differs from most other brokers as they offer fixed spreads, rather than variable spreads.

Fixed spreads are a good choice for new traders since the spread does not fluctuate when market conditions are volatile or liquidity is low.

The predictability of spreads is also suitable for trade planning since you are unlikely to have unexpected surprises. While this page looks at the best low-commission brokers, the benefits of fixed spreads which have no commissions mean they should at least be considered as an option.

DFSA Dubai. Research is available in the form of. The above spread comparison of non-commission accounts was the primary reason the Pepperstone standard account was recommended. Smart Trader is like copy trading with indices, with this feature trading baskets are created based on popular themes. HotForex Open Account. Currency trading is popular in France, especially for those who want to speculate on falling…. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

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