In short
- Lowest spreads come from raw-spread accounts plus commission.
- Among commission-free accounts, EUR/USD typically ranges from about 0.5 to 0.9 pips.
- Compare all-in cost, not headline spreads.
EUR/USD pricing compared
| Broker | Raw-spread account | Commission-free account |
|---|---|---|
| Hantec Markets | Pro ECN: from 0.1 + commission | Standard: ~0.9 |
| Pepperstone | Razor: from 0.0 + commission | Standard: ~0.75 |
| CMC Markets | FX Active: 0.0 on six majors + 0.0025% | ~0.6 average |
| IG | — | From 0.6 |
| XTB | — | ~0.5 average |
| Spreadex | — | From 0.6 |
Figures from broker websites and recent third-party tests, October 2026. Averages vary with market conditions.
Turning spreads into cost
One standard lot of EUR/USD = $10 per pip. A 0.6-pip spread costs about $6 per round trip; a 0.1-pip raw spread costs about $1 plus commission. If commission is around $6 per lot, the raw account costs about $7 — so the cheapest option depends on the exact numbers. See spreads vs commission.
Beyond EUR/USD
If you mainly trade GBP/USD, EUR/GBP or gold, compare those spreads specifically — the rankings can change. And check overnight financing if you hold positions for days.
Frequently asked questions
Which UK broker has the lowest EUR/USD spread?
Raw-spread accounts such as Pepperstone Razor (from 0.0), CMC Markets FX Active (0.0 on six majors) and Hantec Markets Pro ECN (from 0.1) have the lowest spreads, but add commission.
Is a 'from 0.0' spread realistic?
It's a minimum, not an average. Compare average spreads during the hours you trade.
What does "low spread forex broker" mean?
A broker whose difference between buy and sell prices is small on major pairs — typically under 1 pip on EUR/USD, or close to zero on raw-spread accounts with a separate commission.
CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading these products. You should consider whether you understand how they work and whether you can afford to take the high risk of losing your money.