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Which broker has the lowest forex spreads in Europe?

CostsLast verified 2026-04-01Reviewed by editorial team

How this answer was verified

  • Cross-checked against broker-published fact sheets, regulator licensing databases, and ESMA product intervention notices.
  • Reviewed by our editorial team (Marcus Weber CFA, Sofia Lindgren FRM, Daniel Ferretti LLM).
  • Refreshed quarterly. The most recent verification date is shown above. Read our methodology.

Related questions

What is the cheapest forex broker in Europe?

The cheapest forex broker in Europe for EUR/USD is IC Markets, with an all-in cost of approximately $7 per standard lot on the Raw Spread account (0.0 pip spread + $7 round-turn commission). Pepperstone matches this on the Razor account. Both are CySEC or BaFin regulated.

What is an ECN forex broker?

An ECN (Electronic Communication Network) forex broker routes client orders directly to a pool of liquidity providers without running a dealing desk. ECN brokers charge a commission per lot instead of marking up spreads, resulting in lower all-in costs and no conflict of interest with clients.