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Brokers · Lowest cost
Best Low-Spread MT4 Brokers
If cost is your priority, the best MT4 broker is the one with the lowest all-in cost — spread plus commission. Here's how the tightest-priced raw/ECN brokers compare for 2026.
Chasing the lowest spread is really about chasing the lowest all-in cost — spread plus commission. Raw-spread and ECN brokers advertise spreads from around 0.0 pips on majors but add a commission per lot, so the only fair comparison adds both together. We weighted this shortlist on transparent, low all-in costs, alongside the regulation and execution quality that make those costs worth having. Every broker here offers MetaTrader 4.
| # | Broker | Min deposit | Platforms | Best for | Regulation | Visit broker |
|---|---|---|---|---|---|---|
| 1 | IC Markets Lowest cost | $200 | MT4 · MT5 · cTrader | Scalping, EAs, Raw spread | ASIC, CySEC, FSA | Visit → |
| 2 | Pepperstone | $0 | MT4 · MT5 · cTrader · TradingView | Trusted, Tier-1 geos, Copy trading | ASIC, FCA, CySEC, DFSA | Visit |
| 3 | Tickmill | $100 | MT4 · MT5 · TradingView | Low spread, Gold, No inactivity fee | FCA, CySEC, FSCA, FSA | Visit |
| 4 | FP Markets | $100 | MT4 · MT5 · cTrader · TradingView | ECN pricing, Low spread | ASIC, CySEC | Visit |
| 5 | Exness | $10 | MT4 · MT5 | Low cost, Emerging markets | CySEC, FCA, FSCA, FSA | Visit |
Ranked on our editorial criteria for cost, not on commercial terms. We may earn a commission if you open an account through our links, at no extra cost to you (disclosure). Spreads are variable and change constantly — confirm live figures on the broker's site.
How to compare trading costs properly
- Add spread + commission — the all-in cost per trade is what matters, not the headline spread alone.
- Check your instruments — a broker tight on EUR/USD may be wider on the pairs or metals you trade.
- Mind the time of day — spreads are tightest at peak liquidity and widen around news and rollover.
- Account type — a Raw/Zero account plus commission usually beats a standard account for active trading.
- Don't ignore the basics — regulation, execution, and withdrawals matter as much as price.
Top picks for low costs
| Min deposit | $200 |
|---|---|
| Platforms | MT4, MT5, cTrader |
| Best for | Scalping, EAs, Raw spread |
| Regulation | ASIC, CySEC, FSA |
Raw-spread pricing from around 0.0 pips plus a transparent commission, with fast execution — a cost leader for active traders.
| Min deposit | $0 |
|---|---|
| Platforms | MT4, MT5, cTrader, TradingView |
| Best for | Trusted, Tier-1 geos, Copy trading |
| Regulation | ASIC, FCA, CySEC, DFSA |
Tier-1 regulated with a tight Razor raw-spread account — low costs with the reassurance of strong regulation.
| Min deposit | $100 |
|---|---|
| Platforms | MT4, MT5, TradingView |
| Best for | Low spread, Gold, No inactivity fee |
| Regulation | FCA, CySEC, FSCA, FSA |
Low commissions and tight raw spreads — a strong value pick for cost-conscious traders.
A "0.0 pip" spread with a high commission can cost more than a slightly wider spread with none. Add spread and commission together for the instruments and times you actually trade — and remember advertised "from" spreads are best-case, not guaranteed.
The brokers above are offshore and don't accept US residents. US traders must use an NFA-regulated broker such as OANDA, tastyfx, or Forex.com — see our main broker guide.
Related guides
Trading fast or in size? See the best broker for scalping and best broker for EAs. For the full field, the best MT4 brokers. Reviews: IC Markets, Pepperstone, Tickmill. Learn the terms: spread and bid & ask.
We rank on regulation, cost & suitability — never on commission. How we rank.
Trading forex/CFDs is high-risk; most retail traders lose money. Not financial advice.
Want the tightest all-in cost?
IC Markets leads our low-spread ranking — raw spreads from around 0.0 pips plus commission. Open a free demo and check the live spreads yourself.
Affiliate disclosure: we may earn a commission if you open a broker account through our links, at no extra cost to you. Learn more.
Frequently asked questions
Which MT4 broker has the lowest spreads?
Raw-spread/ECN brokers such as IC Markets, Pepperstone, and Tickmill advertise the tightest spreads on MetaTrader 4 — often from around 0.0 pips on majors — but they charge a commission per lot. Your true cost is spread plus commission, so always compare the two together. Spreads are variable and change with the market, so confirm live figures.
What is a raw-spread or ECN account?
A raw-spread (or ECN) account passes through the interbank spread with little or no markup and charges a separate commission per lot, instead of widening the spread to cover costs. For active traders the all-in cost is usually lower than a 'standard' commission-free account.
Is spread or commission more important?
Neither alone — what matters is the all-in cost: spread + commission per trade. A '0.0 pip' spread with a high commission can cost more than a slightly wider spread with no commission. Always add both together for the instruments you actually trade.
Are low-spread brokers better?
For active and high-volume traders, lower costs make a real difference. But spread isn't everything — regulation, execution quality, reliability, and withdrawals matter just as much. The cheapest broker isn't worth much if it's poorly regulated or slow to fill.
Do spreads stay the same all day?
No. Spreads are variable: they're usually tightest during peak liquidity (the London–New York overlap) and widen around news releases, the daily rollover, and quiet sessions. Advertised 'from' spreads are best-case, not guaranteed.
Trading foreign exchange and contracts for difference (CFDs) carries a high level of risk and may not be suitable for all investors. Leverage can work against you as well as for you. You could lose some or all of your deposited funds; do not trade with money you cannot afford to lose. Past performance is not indicative of future results. Nothing on MT4Download.com is financial, investment, or trading advice. Consider your circumstances and seek independent advice if needed.