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Best Low Spread Forex Brokers in the UK - November 2026

Updated
31/07/2026
Spreads are the most visible cost in forex trading, and on frequently traded pairs even a fraction of a pip adds up over hundreds of trades. But the lowest advertised spread is not always the cheapest way to trade: typical spreads, commissions and how spreads behave in fast markets matter just as much. Below, we compare the low spread forex brokers available to UK traders and the features that matter most, so you can find the one that is genuinely cheapest for how you trade.
Risk Warning

How to Choose the Right Low Spread Broker

Demi Sher
Author
Demi Sher
The best low spread broker is the one with the lowest all-in cost on the pairs and sessions you actually trade. For most traders, three things decide it: typical rather than minimum spreads, the commission on top, and how stable spreads stay when markets move. After that, execution, platforms, account terms and support separate a good fit from a poor one. For commission-based raw pricing, see also our guides to ECN forex brokers and zero spread brokers.

Top Low Spread Forex Brokers in the UK Compared November 2026

Here are our current picks at a glance. These brokers are presented for informational purposes and are not listed in order of preference. Spreads change constantly, so always confirm current pricing with the broker before opening an account.

In-Depth Broker Reviews

Plus500: Best for Simple Commission-Free CFD Trading

Plus500

Plus500

4.9

76% of retail CFD accounts lose money.

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Plus500 is a London-listed CFD broker and FTSE 250 constituent whose group companies are regulated by the FCA, CySEC, ASIC, the FMA, the FSCA, MAS, Estonia's EFSA and the Seychelles FSA. It keeps things simple: one proprietary platform on web and mobile, a single live account type with a free unlimited demo, spread-only pricing with no commission and a $100 minimum deposit, backed by risk tools such as guaranteed and trailing stops.
Supported Assets: CFDs on forex majors, minors and exotics, cryptocurrencies, commodities across metals, energy and agriculture, ETFs, global stocks, indices such as the S&P 500 and FTSE 100, and CFDs on options and futures.
Regulation and Licensing
FCA (UK), CySEC (Cyprus), ASIC (Australia), FMA (New Zealand), FSCA (South Africa), MAS (Singapore), EFSA (Estonia) and FSA (Seychelles). Plus500 is listed on the London Stock Exchange, client funds of the Cyprus subsidiary are held in segregated accounts and AML and KYC checks apply.
Platform Experience: Proprietary web platform and mobile app with push notifications, +Insights, instrument insights, trader sentiment and the +Me comparison tool; no MetaTrader.
Fee Structure:
  • Spread-only pricing with no commission
  • $100 minimum deposit
  • No deposit or withdrawal fees, though payment providers may charge
  • Inactivity fee after three months without activity
  • Overnight funding on positions held open and a currency conversion fee on non-base-currency trades
  • Guaranteed stop orders cost a wider spread
Where it excels
  • 2800+ Traded Assets
  • Wide Range of Tradable CFD Instruments
  • Unlimited Demo Account
  • Competitive Spreads
  • Regulated by Reputable Authorities
Where it falls short
  • Limited Educational Resources
  • High Leverage Poses Risks
Best For: Traders who want a clean, single-platform CFD experience with built-in risk tools rather than third-party software.

Read our full review of Plus500

eToro: Best for Social and Copy Investing in One Portfolio

eToro

eToro

4.8

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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eToro, founded in 2007, is built around a community of more than 30 million users who share insights and can copy each other's positions automatically, with Popular Investors paid by the platform for being copied. Smart Portfolios let investors mirror analyst-curated thematic baskets without portfolio management fees, many stocks, ETFs and cryptocurrencies trade commission-free, and the whole offer sits in one proprietary web and mobile interface with a free demo account.
Supported Assets: ETFs, commodities such as gold and oil, an extensive selection of currency pairs and popular cryptocurrencies including Bitcoin and Ethereum, alongside stocks, all managed in a single portfolio; futures are not offered.
Regulation and Licensing
ASIC (Australia), CySEC (Cyprus), FCA (UK) and FSCA (South Africa). Client funds are held in segregated accounts with trusted financial institutions, and accounts are protected by encryption, two-factor authentication and continuous monitoring for suspicious activity.
Platform Experience: Proprietary web platform and iOS and Android apps with social feeds, CopyTrader, Smart Portfolios, advanced multi-instrument charts and one-click trading; no MetaTrader or cTrader support.
Fee Structure:
  • Commission-free trading on many stocks, ETFs and cryptocurrencies, with spreads that vary by asset
  • $50 minimum deposit, varying by region
  • No deposit fees; $5 fee on each withdrawal
  • $10 monthly inactivity fee after 12 months without trading
  • 50 pip currency conversion fee on non-USD deposits
  • Overnight and weekend fees on leveraged CFD positions; guaranteed stop orders carry a fee
Where it excels
  • Customize Your Trading with eToro Edge
  • Over 7,000 Instruments to Trade
  • Enjoy Interest on Your Unused Balance
  • Intuitive, User-Friendly Platform
  • Advanced Trading and Analysis Tools
  • Social Features, Including Copy Trading
  • Smart Portfolios (Ready-Made Thematic Portfolios)
  • Free $100,000 Demo Account
  • Simple, Transparent Fee Structure
Where it falls short
  • Smaller number of assets than some brokers
  • Spreads are on the high end
Best For: Beginners and hands-off investors who want to learn from and copy a large trading community rather than trade alone.

Read our full review of eToro

Moomoo US: Best for Active Traders Who Want Pro-Level Options and Data Tools

Moomoo

Moomoo

4.6
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Moomoo US is built for speed and depth: millisecond Level 2 data, one-tap execution, customisable hotkeys and a pro options chain with a one-click strategy builder, real-time Greeks and gamma exposure tools. Smart money tracking surfaces daily transaction details, 13F filings and insider and congressional activity, all with $0 commission on stock, ETF and options trades and no account minimum, from Moomoo Financial Inc., regulated by the SEC and a member of FINRA and SIPC.
Supported Assets: 10,000+ assets covering U.S. exchange-listed, OTC and Hong Kong-listed stocks and ADRs, ETFs, stock, ETF and index options, 50+ cryptocurrencies and IPO access, with fractional shares on certain U.S. stocks and ETFs; mutual funds, bonds, forex and futures are not offered.
Regulation and Licensing
SEC (USA), with FINRA membership and SIPC protection of securities customers up to $500,000, including $250,000 for cash claims. Client assets are held in segregated accounts, uninvested cash can be swept to partner banks for FDIC insurance eligibility up to $2 million per bank, and multi-factor authentication, biometric login and real-time monitoring protect accounts.
Platform Experience: Proprietary mobile and tablet app and desktop platform with multi-monitor support, plus TradingView integration and an Open API; there is no web trading, though accounts can be connected to TradingView.
Fee Structure:
  • $0 commission on stock, ETF and options trading
  • No account minimum; minimum deposit of $0.01
  • No account, inactivity, deposit, currency conversion or overnight funding fees
  • ACH withdrawals free in 3 to 5 business days; wire withdrawals carry a fee and settle in 1 to 3 business days
  • Margin trading available at a flat rate for certain balances
Where it excels
  • $0 Stock ETF and Options Trading
  • 10000+ Tradable Assets
  • Free Level 2 Data and API Access
Where it falls short
  • No Mutual Funds Available
  • No Futures Trading Offered
  • No Forex Trading Available
Best For: Self-directed U.S. traders who prioritise execution speed, institutional-flow data and advanced options analytics over a simple interface.

Read our full review of Moomoo

What to Compare When Choosing a Low Spread Broker

These are the features that decide what you really pay, ordered by how much they affect your costs.

1. Typical Versus Minimum Spreads

Brokers often advertise spreads "from" a low figure, which may apply only at the quietest moments. Look for published typical or average spreads on the pairs you trade, and compare those rather than headline minimums.

2. Commissions

Low spread accounts often add a commission per lot. Add it to the spread to get the all-in cost, and compare that figure across brokers. A standard account with a slightly wider spread and no commission can work out cheaper for small or infrequent trades.

3. Spread Stability

Spreads widen around major data releases, at the daily rollover and outside the main trading sessions. Check how each broker's spreads behave at the times you trade, especially if you trade news or overnight.

4. Pairs Covered

Low spreads usually apply to the most liquid major pairs. If you trade minors, exotics or GBP crosses, compare spreads on those specifically, since they can vary much more between brokers.

5. Execution Quality

A low spread is only valuable if orders fill close to the quoted price. Compare execution speed and slippage, and be wary of very tight quotes paired with frequent requotes or poor fills.

6. Other Costs

Overnight financing, currency conversion, inactivity and withdrawal fees all add to what you pay. Swing traders in particular should compare financing rates alongside spreads.

7. Platforms and Account Terms

Check that the low spread account is available on your preferred platform, such as MetaTrader, cTrader or the broker's own, and in GBP. Confirm the minimum deposit and whether the account supports CFD trading, spread betting or both.

8. Support and Transparency

Good brokers publish their typical spreads and explain their pricing clearly. Support should be able to answer questions about spread widening and fills.

Which Low Spread Broker Is Best for Your Strategy?

Match your priorities to the profiles below, then compare the brokers that fit.

How Did Investing.com Choose the Best Low Spread Brokers?

Our review process evaluates low spread brokers on the features that matter most to UK traders.
  • Spreads: Typical spreads on major and GBP pairs, and how they behave in fast markets.
  • All-In Cost: Spreads plus commissions, financing and other fees.
  • Execution: Speed, slippage and requote frequency.
  • Platforms and Terms: Platform availability, GBP accounts and account minimums.
  • Trust: We only feature firms authorised and regulated by the FCA. Our regulation guide explains how to check a firm on the FCA register.
For more details, see our Ratings Methodology.

Final Thoughts

The cheapest broker is the one with the lowest all-in cost for the way you trade, not the lowest advertised spread. Compare typical spreads plus commissions on your own pairs and sessions, check how spreads behave around news, and test execution before committing. Forex trading with leverage carries a high risk of losing money quickly.
Ready for the next step? Learn how to check a firm on the FCA register in our regulation guide, read our in-depth reviews, sharpen your skills with the Investing.com Academy, or unlock premium tools and analysis with InvestingPro.

Frequently Asked Questions

What is a low spread forex broker?

A low spread broker offers tight differences between the buy and sell price on currency pairs, which lowers the cost of each trade. Some offer low spreads with no commission, while others pair very tight spreads with a commission per lot.

What is the difference between typical and minimum spreads?

A minimum spread is the lowest spread a broker quotes, often only in quiet conditions. A typical spread is what you are likely to pay in normal trading. Compare typical spreads for a realistic view of costs.

Is a low spread account always cheaper?

Not always. Some low spread accounts add a commission, and spreads can widen around news. Compare the all-in cost, including commission and financing, for the way you trade.

When do forex spreads widen?

Spreads usually widen around major economic releases, at the daily rollover, during low-liquidity periods such as late evening, and in volatile markets. Check how a broker's spreads behave at the times you trade.

Which currency pairs have the lowest spreads?

The most liquid major pairs, such as EUR/USD, USD/JPY and GBP/USD, usually have the tightest spreads. Minors and exotics typically cost more to trade.

What is the difference between low spread and zero spread accounts?

A zero spread account quotes spreads at or near zero on some pairs and charges a commission instead. A low spread account may or may not charge commission. Compare the all-in cost of each.

How do I check if a forex broker is regulated?

Search the firm on the FCA Financial Services Register and confirm the firm name, reference number and website match the entry. Contact the firm using the details on the register rather than those in an advert.

More Guides

Best ECN Forex Brokers in the UK - November 2026Best Forex Brokers in the UK - November 2026Best High Leverage Forex and CFD Brokers in the UK - November 2026Best Zero Spread Forex Brokers in the UK - November 2026

Most Popular Reviews

For a comprehensive analysis of each platform’s features, pricing models, and unique selling points, visit our detailed broker reviews:

Plus500
Plus500 Full review
15 Sep 2026•By Investing Editorial
eToro
eToro Full review
15 Sep 2026•By Investing Editorial
Moomoo
Moomoo Full review
15 Sep 2026•By Investing Editorial
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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
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