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5 Best Low Spread Forex Brokers that accept US Traders

Best Forex Brokers With Low Spreads

 

The 5 Best Low Spread Forex Brokers that Accept US Traders – Rated and Reviewed, We have listed the Best Lowest Spread Forex Brokers accepting Traders in the United States.

 

In this in-depth guide, you will learn:

 

  • The Best Low Spread Forex Brokers Accepting US Clients – a List
  • The Lowest Spread Broker for Gold (XAU/USD) Trading in the US
  • Is a Low Spread good in Forex?
  • Which Brokers have Zero Spreads and No Commissions
  • What is the Lowest Spread Forex Pairs?
  • Which Broker has the Lowest Spread in Forex?

 

and much, MUCH more!

 

5 Best Low Spread Forex Brokers that accept US Traders

 

5 Best Low Spread Forex Brokers that Accept US Traders – a Comparison

 

Broker🚀Open an Account🤝 Accepts US Traders📊 Spreads (from)💶 Min. Deposit
🥇Plus500👉 Click Here✅Yes0.8 Pips100 USD
🥈IG👉 Click Here✅Yes0.1 Pips50 USD
🥉Interactive Brokers👉 Click Here✅Yes0.6 PipsNone
🎖️Trading.com👉 Click Here✅Yes0.6 Pips5 USD
🏅OANDA👉 Click Here✅Yes0.1 PipsNone

 

5 Best Low Spread Forex Brokers that Accept US Traders (2024)

 

  1. ☑️ Plus500 – Overall, the Best Low Spread Forex Broker accepting US Traders
  2. ☑️ IG – Strong Presence in the US market
  3. ☑️ Interactive Brokers – Best Proprietary Offering
  4. ☑️ Trading.com – Best Online Trading Experience
  5. ☑️ OANDALow Spreads and Trading Fees

 

Plus500

 

Plus500

Plus500 is a highly regulated Forex and CFD Broker that offers Spreads from 0.8 Pips, and a leverage of up to 1:300. Moreover, trading with Plus500 is commission-free. In addition, Notable Factors and Features include:

 

  • Several Regulations, including the CFTC
  • 24/7 Customer Support
  • A Proprietary Trading Platform
  • Access to over 60 Currency Pairs
  • Gold Trading in the US

 

Trading Instruments and Products include Commodities, Shares, Options, ETFs, Cryptocurrencies, Forex, and, Indices.

 

🔎 Broker🥇 Plus500
📈 RegulationASIC, FSCA, FCA, CySEC, FSA Seychelles, MAS, CFTC
📉 Ease of Use5/5
📊 Support Hours24/7
💹 Trading PlatformsPlus500 platform
↪️ Account TypesLive Trading Account
💴 Base CurrenciesUSD, GBP, ZAR, EUR
📌 SpreadsFrom 0.8 pips
📍 Leverage1:300
💶 Currency Pairs60+; minor, major, and exotic pairs
💵 Minimum Deposit100 USD
💷 Inactivity FeeYes, 10 USD after three months of inactivity
🚀Open an Account👉 Click Here

 

Plus500 Overview

 

Pros and Cons

 

✅ Pros❌ Cons
The Plus500 platform does not have a high learning curve like other platformsPlus500 does not offer MetaTrader or any other third-party platforms
Plus500’s demo account is ideal for testing trading strategies and practicing tradingThere are high CFD fees because of wider, marked-up spreads
Plus500 works on a spread-only basis, free from commission feesThere is a 0.7% currency conversion fee

 

Our Insights

Plus500 works on a spread-only basis and trading is Commission Free. Moreover, it offers access to several trusted deposit options and secure withdrawals.

 

IG Review

 

IG

IG is a Trusted and well-established Forex services provider that offers spreads from 0.1 Pips. Moreover, leverage of up to 1:222 is offered on the Pro Account. In addition, Broker highlights include:

 

  • Regulations in Multiple Jurisdictions, including CFTC and NFA
  • 24/7 Dedicated Customer Support
  • Proprietary Trading Platforms
  • MetaTrader 4
  • Islamic, Swap-Free Trading Account
  • Share Dealing and Limited Risk Trading Options

 

Trading instruments and Products include Forex, Indices, Share CFDs, Commodities, Cryptocurrencies, Futures, Options, Bonds, ETFs, Digital 100s, and, Interest rates.

 

🔎Broker🥇IG
📈 Regulation and LicensesFCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
📉 Ease of Use4/5
📊 Support Hours24/7
💻 Trading PlatformsMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
💴 Base CurrenciesUSD
📊 SpreadsFrom 0.1 pips DMA
📌 Leverage1:222 (Pro), 1:30 (EU, UK, Retail)
💸 Currency Pairs80+; major, minor, and exotic pairs
💳 Minimum DepositFrom 50 USD (differs per region)
🚫 Inactivity FeeYes, 12 USD after 2 years of inactivity
📍 Website LanguagesEnglish
💰 Fees and CommissionsSpreads from 0.1 pips, commissions from 0.10%
🚀Open an Account👉 Click Here

 

IG Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Access to over 17,000 instruments across marketsLimitations on customer support hours
Investing opportunities for high-volume tradersInactivity fees apply
Several advanced Trading platformsIG is not available in all regions

 

Our Insights

The benefits of trading with IG include access to Scalping, Hedging, and, several Live Trading accounts. Moreover, multilingual customer support is offered.

 

Interactive Brokers Review

 

Interactive Brokers

Interactive Brokers is a trusted and regulated Forex and CFD Brokers that offers spreads from 0.6 Pips and a leverage of up to 1:30. In addition, Notable Factors and Features include:

 

  • IBKR Lite and IBKR Pro Accounts
  • Access to over 100 Currency Pairs
  • 24/5 Customer Support
  • No Minimum Deposit Required
  • Scalping and Hedging are supported

 

Trading instruments and Products include Forex, Stocks, ETFs, Options, Futures, Indices, Mutual funds, Cryptocurrencies, Metals, and, Bonds.

 

🔎 Broker🥇 Interactive Brokers
💴 Min. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5 None
📊 Proprietary Platforms✅Yes
📲 Mobile App✅Yes
🤝 Customer Support24/7
✏️ Education✅Yes
📍 Account TypesIBKR Pro and Lite
🚀Open an Account👉 Click Here

 

Interactive Brokers Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Low commissions and feesIntimidating Platform
Excellent educational materialsComplex tiered pricing plans
Reliable trade executionLacking Customer Support

 

Our Insights

The benefits of trading with IBKR include access to comprehensive desktop, online, and mobile trading platforms. Furthermore, an impressive selection of educational resources is available.

 

Trading.com

 

Trading.com

Trading.com is a popular and well-established Forex service provider that offers spreads from 0.6 Pips and a Leverage of up to 1:30. In addition, Notable Factors and Features include:

 

 

Trading instruments and Products include Forex, Stocks, Commodities, Indices, Metals, and, Energies.

 

🔎 Broker🥇 Trading.com
💴 Min. Deposit50 USD
⏰ Customer Support24/5
4️⃣ MetaTrader 5✅Yes
5️⃣ MetaTrader 4None
🎁 No Deposit Bonus✅Yes
⭐ AccountsT1 Account
☪️ Islamic Option✅Yes
🆓 Demo Account✅Yes
🚀Open an Account👉 Click Here

 

Trading.com Overview

 

Pros and Cons

 

✅Pros ❌Cons
Bonus OffersSingle Account Option
Low Min. DepositLimited Trading Platforms
MetaTrader 5No MetaTrader 4

 

Our Insights

The benefits of trading with Trading.com include access to over 1,200 financial instruments and great customer support. Moreover, the Broker does not charge any hidden fees.

 

OANDA

 

OANDA

OANDA is a popular Forex and CFD Broker that offers spreads from 0.1 Pips and Leverage of up to 1:888. Moreover, trading with OANDA is commission-free. In addition, Notable Factors and Features include:

 

  • CFTC and NFA Regulation
  • 24/5 Customer Support
  • MetaTrader 4 and MetaTrader 5
  • Multiple Base Currencies including USD and EUR
  • Multilingual Customer Support

 

Furthermore, trading instruments and products include Forex, Indices, Commodities, Metals, Shares, Energies, and, Cryptocurrencies.

 

🔎 Broker🥇 OANDA
💶 Minimum DepositNone
📌 Account TypesStandard, Elite Trader
🆓 Demo Account✅Yes
🎁 Bonus Offers✅Yes
✏️ Education✅Yes
📲 Mobile Trading ✅Yes
🖱️ Trading PlatformMetaTrader 4
🚀Open an Account👉 Click Here

 

OANDA

 

Pros and Cons

 

✅ Pros❌ Cons
Great trading platformsOnly FX and CFD available for most clients
Outstanding research toolsLacking Customer Support
Low trading feesInactivity fee

 

Our Insights

The Benefits of Trading with OANDA include access to a large library of instructional resources. In addition, Webinars and up-to-date Market research are available.

 

Low Spreads in Forex - Explained

 

Low Spreads in Forex – Explained

The term “Low Spread” means that there is a small difference between the Bid and the Ask Price. In addition, Low Spreads will generally be incurred during Major Forex Sessions. Moreover, it is a general indication of low volatility and high liquidity.

 

Low Spread Forex Trading

 

In Conclusion

Low Spread Forex Brokers are ideal for US Traders focused on fund and risk management.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

Our Insights

While reviewing the Best Low Spread Forex Brokers that accept US Traders, we found 5 excellent options. In addition, each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

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FAQs

It means there is a small difference between the Bid and the Ask Price.

Generally, it will be incurred during Major Forex Sessions. Moreover, it is a general indication of low volatility and high liquidity.

Spreads from 0.8 Pips can be expected from Plus500.

A commission fee of 0.10% is charged.

Several Base currencies are accepted, including USD, AUD, CAD, and, CHF.

The Trading.com Minimum Deposit is 5 USD.

MetaTrader 4 and MetaTrader 5 are supported.

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