Lowest Spread Forex Brokers in 2026: 19 Standard Accounts Tested

#1

IC Markets

7-pair avg.: 0.97 pips

The case for IC Markets is breadth. It recorded the lowest average spread on five of the seven majors—USD/JPY, GBP/USD, AUD/USD, USD/CAD, and NZD/USD—and remained near the front on EUR/USD and USD/CHF. Its 1.10-pip average pair P95 was also the lowest in the field, so the higher-spread end of its pair distributions did not overturn the picture given by the 7-pair avg.

#2

FBS

7-pair avg.: 1.05 pips

FBS came closest to the leader overall, although its advantage was more concentrated. It led USD/CHF at 0.95 pips and was among the two lowest on USD/JPY, USD/CAD, and NZD/USD; the 1.14-pip average pair P95 also tied Exness for second-lowest.

#3

Pepperstone

7-pair avg.: 1.11 pips

Pepperstone did not win an individual pair, but there was no obvious weak spot: every pair average finished between third and sixth. Its 0.04-pip average pair IQR was also among the narrower readings, so the result was broad rather than dependent on one standout.

#4

Exness

7-pair avg.: 1.12 pips

Exness is the clearest example of why pair choice matters. It led EUR/USD at 0.80 pips and finished second on GBP/USD and AUD/USD, but USD/CAD and USD/CHF were both seventh. An EUR/USD-focused trader would therefore see a stronger result than the fourth-place basket rank suggests.

#5

Eightcap

7-pair avg.: 1.24 pips ^{1 Footnote 1: three-decimal rounding note.}

Eightcap had no standout win or obvious weak pair; its seven pair rankings were grouped between fifth and tenth.

#6

OANDA

7-pair avg.: 1.24 pips ^{1 Footnote 1: three-decimal rounding note.}

OANDA's sixth-place basket rank hides stronger results on EUR/USD and AUD/USD: their 0.86- and 1.00-pip averages were both among the three lowest. USD/CAD and NZD/USD were much less competitive, making pair choice more informative here than the overall rank alone.

#7

JustMarkets

7-pair avg.: 1.26 pips

JustMarkets was strongest on GBP/USD, EUR/USD, and AUD/USD, all of which finished inside the first four places. NZD/USD was the clear exception at 1.83 pips; its fifth-lowest average pair P95 was a little stronger than the seventh-place headline rank.

#8

FP Markets

7-pair avg.: 1.37 pips

FP Markets sat in the middle of the field, with every pair finishing between seventh and eleventh. More notable was its 0.13-pip average pair IQR—the second-widest in the study—so the typical middle-half range across its pairs was wider than the headline rank reveals.

#9

VT Markets

7-pair avg.: 1.44 pips

VT Markets is better understood pair by pair than through its 7-pair avg. USD/CAD was among the four lowest means and USD/CHF was another relative strength, but USD/JPY fell into the lower half at 1.86 pips.

#10

Vantage

7-pair avg.: 1.46 pips

USD/CAD was Vantage's clear relative strength, with a 1.15-pip average among the four lowest. USD/JPY and GBP/USD both landed in the lower half, leaving a mixed result across the seven equally weighted pairs.

#11

RoboForex

7-pair avg.: 1.48 pips

RoboForex split sharply by pair: USD/CHF and NZD/USD were both fourth-lowest, at 1.20 and 1.28 pips, while USD/JPY fell to sixteenth at 1.96. AUD/USD and USD/CAD were also in the lower half, so the 1.48-pip 7-pair avg. is a poor proxy for every pair.

#12

Tickmill

7-pair avg.: 1.63 pips ^{1 Footnote 1: three-decimal rounding note.}

Tickmill was consistent through the middle of the observed distributions, but not especially low. Its pair averages stayed in a narrow 1.60- to 1.67-pip band and the average pair IQR was only 0.04 pips, yet no individual pair reached the top ten. Narrow variation and a cheap quoted spread are not the same thing.

#13

LiteFinance

7-pair avg.: 1.63 pips ^{1 Footnote 1: three-decimal rounding note.}

Six LiteFinance pair averages sat between 1.50 and 1.60 pips, while USD/JPY was higher at 1.90. That pair pattern left it outside the leading group despite tightly clustered readings.

#14

FxPro

7-pair avg.: 1.81 pips

USD/JPY was FxPro's strongest pair at 1.50 pips. NZD/USD and AUD/USD were both seventeenth at 2.70 and 1.90 pips, showing a clearer pair-level weakness than the middle-range statistic alone.

#15

XTB

7-pair avg.: 1.86 pips

XTB's lower ranking was broad rather than the product of one outlier: all seven pair averages finished between fourteenth and seventeenth. GBP/USD was its best of the seven at 1.63 pips, but still placed fourteenth.

#16

OctaFX

7-pair avg.: 1.96 pips

OctaFX's best pair was EUR/USD at 1.39 pips, but even that finished thirteenth. USD/JPY and AUD/USD were eighteenth, and USD/CAD was seventeenth.

#17

HFM

7-pair avg.: 2.08 pips

HFM had two unfavorable signals in this sample: relatively high pair averages and wider quote variation. Its best pair, AUD/USD, was only fifteenth, while the 0.20-pip average pair IQR was the widest in the field and the 2.31-pip average pair P95 placed eighteenth of 19.

#18

AvaTrade

7-pair avg.: 2.09 pips

AvaTrade varied sharply by pair. EUR/USD and USD/JPY both ranked ninth, but NZD/USD finished last at 3.50 pips; USD/CAD and GBP/USD were also near the bottom.

#19

XM

7-pair avg.: 2.45 pips

XM's weakness was broad rather than confined to one pair: it recorded the highest average on six of the seven majors. NZD/USD was the exception, but still finished eighteenth at 2.81 pips; its 2.59-pip average pair P95 was also the highest in the field.