What is the cheapest forex broker in Europe?
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 best forex broker in Europe in 2026?
The best forex broker in Europe in 2026 is IC Markets (9.4/10), followed by Pepperstone (9.3/10) and IG (9.1/10). IC Markets wins on raw-spread pricing and execution speed; Pepperstone is preferred by traders who want BaFin regulation; IG is the pick for deep instrument coverage.
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.
Standard vs Raw Spread account — which should I choose?
Choose a Raw Spread account if you trade more than 5 standard lots per month or use automated strategies. Choose a Standard account if you trade occasionally or prefer a single all-inclusive cost number. Raw accounts cost less per trade above that volume threshold; Standard accounts are simpler below it.