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COST INDEX2027 edition · 10 brokers priced

Pay less on every pip you trade.

The FxDailyInfo Cost Index prices a full EUR/USD lot at 10 popular brokers, spread and commission together. Then it shows you the hours, pairs and fees that move that number.

Find my broker See the full index
Compiled by FxDailyInfo Research Pricing checked Oct 2026 5 interactive tools
EUR/USD · Raw pricingSimulated
Sell
1.08542
Buy
1.08543
Spread cost (1 lot)$1.00
Commission, in and out$7.00
You pay per lot$8.00
At a glance

The 2027 index in six numbers

Every figure below is a round-trip price for one standard lot (100,000 units) of EUR/USD, measured in liquid market hours.

Cheapest overall Fusion Markets $5.50 per lot, all fees in. That is $3.50 less than a typical 0.9-pip commission-free account, or about $140 saved every 40 lots.
Index average$7.55Mean all-in cost of the 10 brokers we priced
Price gap$3.50Between the cheapest and the dearest broker per lot
Cheapest hour14:00 GMT20:00 in Dhaka, mid London–New York overlap
Costliest hour22:00 GMTDaily rollover, when raw spreads can pass 1.5 pips
Rule of thumbCommission per side × 2 + spread × $10Use it to price any account in your head before you sign up.
The Cost Index

Live leaderboard: who charges least in 2027

Filter by what matters to you. The FDI Score blends price (40%), spread stability (20%), regulation (20%) and execution plus payments (20%).

Indicative pricing gathered from broker websites in October 2026. Spreads float, so confirm live pricing before you fund an account. Swaps, funding fees and currency conversion are excluded.

Broker matchmaker

Three taps to your shortlist

The cheapest broker is not always the right one. Tell us how you trade and we will weigh cost, regulation, deposit size and payments for you.

How do you trade?
How much will you deposit?
What matters most?
Your top 3 matches

Match % reflects how well each broker fits your answers, not a guarantee of results.

Monthly cost simulator

Your volume, priced at all 10 brokers

Drag the slider to your usual monthly volume. The bars show what each broker would charge you, next to a 1.2-pip standard account for reference.

40
150100150200

Quick reference: 1 standard lot = 10 mini lots = 100 micro lots. At 0.01 lot per trade, 40 lots equals 4,000 trades.

Cheapest for your volume
$220
24-hour spread dial

Time your entries, cut your costs

Liquidity rises and falls with the world's trading centres, and spreads follow. Tap any hour on the dial to see the typical raw EUR/USD spread.

Broker breakdowns

The 10 low spread brokers worth your money in 2027

Short, practical verdicts. Open any card for the strengths, the trade-offs and the account we priced.

#01

Fusion Markets

Lowest price per lot in the index

9.6
All-in$5.50
Spread0.10
Deposit$0

An Australian broker that competes almost entirely on price. Its $2.25 per-side fee undercuts the usual $3.50, which adds up fast for anyone trading dozens of lots. You get the same pricing on every platform, including cTrader and TradingView.

Full breakdown
Strengths
  • Smallest commission we found
  • No funding minimum
  • Identical pricing across four platforms
Trade-offs
  • Lighter research library
  • Global clients sit under the Vanuatu entity

Priced account: Zero · Licences: ASIC, VFSC, FSA Seychelles · Platforms: MT4, MT5, cTrader, TradingView

Read reviewCurrent offers
#02

Tickmill

UK-licensed and still under $7

9.3
All-in$7.00
Spread0.10
Deposit$100

Tickmill pairs a $3 per-side commission with FCA and CySEC oversight, a rare mix at this price. Fills stay clean through data releases, which is where cheaper offshore brokers tend to slip. The platform menu is MetaTrader plus TradingView, nothing more.

Full breakdown
Strengths
  • Tier-1 regulation at a low price
  • Steady execution during news
  • Small $100 entry
Trade-offs
  • No cTrader
  • Narrower CFD range than the giants

Priced account: Raw · Licences: FCA, CySEC, FSA, FSCA · Platforms: MT4, MT5, TradingView

Read reviewCurrent offers
#03

FP Markets

Most platform choice for the money

9.2
All-in$7.00
Spread0.10
Deposit$50

If you like to switch between MetaTrader, cTrader and TradingView depending on the strategy, FP Markets prices all of them the same. A $50 minimum lets you test real execution before you commit a bigger balance.

Full breakdown
Strengths
  • Broadest platform list in the index
  • ASIC and CySEC licensed
  • Low barrier to entry
Trade-offs
  • Standard account is poor value
  • Some regions land on the offshore entity

Priced account: Raw · Licences: ASIC, CySEC, FSCA · Platforms: MT4, MT5, cTrader, TradingView, Iress

Read reviewCurrent offers
#04

IC Markets

The scalper's default choice

9.1
All-in$8.00
Spread0.10
Deposit$200

Huge EUR/USD volume means the book rarely runs thin, so the raw spread holds even when you hit it repeatedly. Expert advisors, hedging and sub-minute trades are all welcome. You pay a little more commission than the top three for that depth.

Full breakdown
Strengths
  • Deep, consistent liquidity
  • No limits on EAs or scalping
  • Free VPS above a volume threshold
Trade-offs
  • $200 to open
  • $3.50 per side is mid-pack

Priced account: Raw · Licences: ASIC, CySEC, FSA, SCB · Platforms: MT4, MT5, cTrader, TradingView

Read reviewCurrent offers
#05

Pepperstone

The safest seat at a raw price

9.1
All-in$8.00
Spread0.10
Deposit$0

Few brokers hold as many top-tier licences. Pepperstone's Razor account costs the same as IC Markets, but you also get BaFin, DFSA and FCA coverage and a polished TradingView link. A strong pick when protecting your capital comes first.

Full breakdown
Strengths
  • Seven-plus regulators
  • Zero minimum deposit
  • Excellent TradingView integration
Trade-offs
  • No promotional bonuses
  • Not the cheapest per lot

Priced account: Razor · Licences: FCA, ASIC, CySEC, BaFin, DFSA, CMA, SCB · Platforms: MT4, MT5, cTrader, TradingView

Read reviewCurrent offers
#06

Exness

Fastest money in and out

8.8
All-in$8.00
Spread0.10
Deposit$500

Exness's edge is payments. Local e-wallets and bank options, plus automated withdrawals that often land in minutes, make it a favourite across South Asia. Its Raw Spread account prices majors competitively, and the Zero account keeps 0.0 pips on top pairs for most of the session.

Full breakdown
Strengths
  • Withdrawals processed automatically
  • Large choice of local payment methods
  • Zero account option for majors
Trade-offs
  • $500 entry on pro accounts
  • Conditions vary by legal entity

Priced account: Raw Spread · Licences: FCA, CySEC, FSCA, FSA, FSC · Platforms: MT4, MT5, Exness Terminal

Read reviewCurrent offers
#07

RoboForex

Raw-style pricing from $10

8.4
All-in$6.00
Spread0.20
Deposit$10

The ECN account bills commission by traded value, roughly $2 per side per lot, so the total sits around $6. That is cheap, and a $10 opening balance makes it easy to start. The catch is regulation: only an offshore Belize licence.

Full breakdown
Strengths
  • Second-lowest cost in the index
  • Tiny opening deposit
  • Active contest and bonus calendar
Trade-offs
  • Offshore oversight only
  • Spreads widen more after New York close

Priced account: ECN · Licence: FSC Belize · Platforms: MT4, MT5, R StocksTrader

Read reviewCurrent offers
#08

JustMarkets

Promotions plus a raw option

8.3
All-in$8.00
Spread0.20
Deposit$100

JustMarkets runs one of the busiest promotion schedules we track, while still offering a Raw Spread account at $3 per side. Just know that most bonuses attach to Standard accounts, so you usually pick one benefit or the other.

Full breakdown
Strengths
  • Frequent deposit bonuses and contests
  • Wide range of local deposit methods
  • EU clients served under CySEC
Trade-offs
  • Raw accounts rarely bonus-eligible
  • MetaTrader only

Priced account: Raw Spread · Licences: CySEC, FSA, FSCA, FSC · Platforms: MT4, MT5

Read reviewCurrent offers
#09

Octa

One price, no commission maths

8.1
All-in$9.00
Spread0.90
Deposit$25

Octa folds its fee into the spread and charges no swaps on many instruments. For swing traders who hold for days, skipping overnight financing can outweigh the wider spread. Scalpers will find raw brokers cheaper.

Full breakdown
Strengths
  • Simple, commission-free pricing
  • Swap-free on many markets
  • $25 to open
Trade-offs
  • Pricey for high-frequency trading
  • Limited tier-1 coverage

Priced account: MT5 / OctaTrader · Licences: CySEC, FSCA, MISA · Platforms: MT4, MT5, OctaTrader

Read reviewCurrent offers
#10

AvaTrade

Fixed spreads that never jump

7.9
All-in$9.00
Spread0.90 fixed
Deposit$100

AvaTrade quotes a fixed EUR/USD spread, so your cost is the same at 14:00 and at midnight. That predictability helps news traders and anyone who cannot watch the clock. On a quiet afternoon, a raw account will beat it.

Full breakdown
Strengths
  • Cost known before every trade
  • Licensed on five continents
  • AvaOptions for hedging
Trade-offs
  • No raw-spread account
  • Fee after three months of inactivity

Priced account: Standard · Licences: CBI, ASIC, FSCA, FSA Japan, ADGM · Platforms: MT4, MT5, WebTrader, AvaOptions

Read reviewCurrent offers
Beyond the spread

Six fees that hide behind a tight quote

A broker can win on spread and still cost you more. Check these before funding any account.

Cost by instrument

Spread heat map for popular markets

Typical raw-account ranges during liquid hours. The warmer the tile, the more each trade costs.

EUR/USD0.0–0.2pips · cheapest pair anywhere
USD/JPY0.1–0.3pips · tight in Tokyo hours
AUD/USD0.1–0.4pips · best in Asia session
GBP/USD0.2–0.5pips · jumpy on UK data
EUR/GBP0.3–0.7pips · calm, slow mover
XAU/USD$0.08–0.20per oz · widens at Asian open
GBP/JPY0.8–1.8pips · volatile cross
USD/TRY20–80pips · thin exotic liquidity
Only on FxDailyInfo

Is that bonus worth the wider spread?

Bonus offers usually sit on Standard accounts, where you pay more per lot. Enter the terms of any promotion to see whether it puts money in your pocket or quietly takes it out.

Example values: a $50 deposit bonus that needs 10 lots of trading, compared with an $8-per-lot raw account.

Browse live bonus offers
Net value of this bonus
+$10

Trading cost with bonus account$120
Same volume on raw account$80
Extra cost of bonus account$40
Break-even lot requirement12.5 lots
Trader glossary

Eight terms to know before you compare

Pip

The fourth decimal on most pairs (0.0001), or the second on JPY pairs. Worth $10 on one EUR/USD lot.

Pipette

A tenth of a pip, shown as the small fifth digit on your platform.

Raw / ECN

An account that passes through liquidity-provider prices and charges a separate commission.

Mark-up

The extra pips a broker adds to the raw price on commission-free accounts.

Round trip

Opening plus closing a trade. Commissions are often quoted per side, so double them.

Rollover

The daily 22:00 GMT handover when liquidity dries up and spreads widen sharply.

Slippage

The gap between the price you clicked and the price you got.

Swap

Interest paid or earned for holding a position overnight.

Questions traders ask us

Low spread FAQ

Can't find your answer? Message the FxDailyInfo team on Telegram at @fxdailyinfocom.

Which broker is cheapest for EUR/USD in 2027?

In our index, Fusion Markets has the lowest all-in cost at about $5.50 per standard lot, followed by RoboForex at around $6 and Tickmill and FP Markets at $7.

How can I check a broker's real spread myself?

Open a demo or small live account, add the spread column to your MT4 or MT5 Market Watch, and note the value at a few set times over a week. Many brokers also publish average-spread pages you can compare against.

Does a raw account make sense if I trade 0.01 lots?

Usually yes, because commission scales with size: 0.01 lot pays one hundredth of the fee. The bigger question is whether the raw account's minimum deposit fits your budget.

Why does the gold spread jump at the start of the Asian session?

Right after the daily rollover, gold liquidity is thin until Asian banks become active. Spreads on XAU/USD can triple for the first hour, so avoid entries between about 22:00 and 00:00 GMT.

Do cent accounts have higher spreads?

Usually. Cent accounts suit learning with tiny real stakes, but their spreads are often 1–2 pips on majors. Treat them as practice, not as a cost-efficient long-term account.

Can I trade swap-free on a raw spread account?

At some brokers, yes. Swap-free versions may add a fixed holding fee after a set number of days, so read the Islamic-account terms carefully.

Are expert advisors and scalping allowed at these brokers?

All ten allow automated trading. IC Markets, Fusion Markets, Pepperstone and Tickmill are the most open to high-frequency scalping. Always confirm minimum holding-time rules in the client agreement.