Forex Brokers with Lowest Commission 2026: Compare Trading Costs

Commission costs add up fast. If you’re trading 50 lots per month at $7 round turn, you’re paying $350 in commissions alone—$4,200 per year. Drop that to $4.50 round turn and you save $1,500 annually.

This guide compares the brokers with the lowest commission in 2026, focusing on ECN raw spread accounts. You’ll see exact per-lot rates, round-turn costs, and how spreads + commissions combine into total trading expenses.

We tested execution speeds, verified commission structures across MetaTrader and cTrader, and calculated true cost-per-trade including spreads. Here’s what matters.

Understanding Commission Structures: Round Turn vs Per Side

Before comparing brokers, you need to understand how commissions are quoted.

Per side (also called one-way) commission is charged once when you open a trade and again when you close it. A broker charging $3 per side will deduct $3 when you enter and $3 when you exit.

Round turn commission is the total cost for completing a full trade cycle—opening and closing. It’s simply per side × 2. A $3 per side rate equals $6 round turn.

Most brokers quote per side, but some advertise round turn to make their rates look lower. Always convert to the same format when comparing.

Quote Type	Example	Total Cost Per Lot
Per Side	$3.50 per side	$7.00 round turn
Round Turn	$7.00 round turn	$7.00 round turn

Industry average is $3.50 per side ($7 round turn). Anything below $3 per side is highly competitive.

Top 7 Brokers with the Lowest Commission in 2026

We ranked brokers based on total trading cost: commission + average spread on EUR/USD. All data reflects raw spread or ECN accounts.

1. Fusion Markets — $2.25 Per Side ($4.50 Round Turn)

Fusion Markets offers the lowest commission of any regulated forex broker at $2.25 per side—35% below the industry average.

Commission structure:

• Standard lot: $2.25 per side / $4.50 round turn
• Mini lot (0.10): $0.45 round turn
• Micro lot (0.01): $0.045 round turn

Spreads: Raw spreads from 0.0 pips. EUR/USD averages 0.02 pips on the Zero account.

Total cost (EUR/USD): $4.50 commission + ~$0.20 spread = $4.70 per lot round turn.

Execution speed: 79ms for limit orders—faster than the industry average of 129.7ms.

Why it’s top-ranked: Lowest total cost per trade. Fusion Markets has maintained this rate since launch and continues to outperform competitors on both commission and spread pricing. If you’re trading high volume, the savings compound quickly.

Best for: Scalpers, algo traders, high-frequency strategies.

2. IC Markets — $3.00 Per Side on cTrader / $3.50 on MT4/MT5

IC Markets is the go-to broker for algorithmic traders and offers different commission rates depending on platform.

Commission structure:

• MetaTrader 4/5: $3.50 per side / $7.00 round turn
• cTrader: $3.00 per side / $6.00 round turn
• Volume rebates: Up to $2.50 per lot reduction for high-volume traders

Spreads: EUR/USD averages 0.1 pips during optimal market conditions, starting from 0.0 pips.

Total cost (EUR/USD on cTrader): $6.00 commission + ~$1.00 spread = $7.00 per lot round turn.

Why it ranks high: IC Markets is used by a significant number of algo traders due to fast execution, cTrader support, and volume-based rebates that lower effective commission to as low as $4.50 round turn for active accounts.

Best for: cTrader users, algorithmic trading, traders doing 100+ lots/month who qualify for rebates.

3. FP Markets — $3.00 Per Side ($6.00 Round Turn)

FP Markets’ Raw account delivers tight spreads and competitive commissions across both MetaTrader and cTrader.

Commission structure:

• Standard lot: $3.00 per side / $6.00 round turn
• Applies to forex and metals on Raw account

Spreads: Raw spreads from 0.0 pips. EUR/USD averages 0.05 pips.

Total cost (EUR/USD): $6.00 commission + ~$0.50 spread = $6.50 per lot round turn.

Execution speed: 40ms average—among the fastest in the industry.

Why it’s competitive: FP Markets combines low commission with extremely fast execution. The Raw account is 66% cheaper than their Standard account, making it the clear choice for active traders.

Best for: Scalpers, day traders, anyone prioritizing execution speed + low cost.

4. Tickmill — $3.00 Per Side ($6.00 Round Turn)

Tickmill’s Raw account (formerly Pro account) earned “Best in Class” honors for commissions and fees in 2025.

Commission structure:

• Standard lot: $3.00 per side / $6.00 round turn
• Also quoted as $2.00 per side in account base currency (e.g., €2 per lot for EUR/USD)

Spreads: From 0.0 pips on major pairs.

Total cost (EUR/USD): $6.00 commission + ~$0.40 spread = $6.40 per lot round turn.

Why it’s trusted: Tickmill is known for transparency and tight effective spreads. Factoring in commission, their total cost-per-trade ranks among the lowest globally.

Best for: Traders prioritizing regulation (FCA, CySEC) and transparent pricing.

5. Exness — $3.50 Per Side ($7.00 Round Turn)

Exness offers solid commission rates and extremely fast withdrawals, making it popular with active traders.

Commission structure:

• Standard lot: Up to $3.50 per side / $7.00 round turn
• Raw Spread account and Zero account both charge commission
• Zero account has slightly higher commission but tighter spreads

Spreads: Raw spreads from 0.0 to 0.3 pips depending on account type.

Total cost (EUR/USD): $7.00 commission + ~$0.30 spread = $7.30 per lot round turn.

Why traders choose it: Exness processes withdrawals in minutes (not days), supports a wide range of payment methods, and offers unlimited leverage for qualified accounts.

Best for: Traders who value fast withdrawals and flexible leverage.

6. Global Prime — $3.50 Per Side ($7.00 Round Turn)

Global Prime is a boutique broker offering institutional-grade pricing with no minimum deposit requirement.

Commission structure:

• Standard lot: $3.50 per side / $7.00 round turn
• No minimum deposit on Raw account

Spreads: EUR/USD averages 0.06 pips on the Raw account. Spreads start from 0.0 pips.

Total cost (EUR/USD): $7.00 commission + ~$0.60 spread = $7.60 per lot round turn.

Why it’s notable: No deposit minimum makes Global Prime accessible for smaller accounts. Raw account supports scalping, hedging, EAs, and offers up to 1:500 leverage.

Best for: Traders starting with smaller capital who want raw spread pricing.

7. Admirals — $1.80 to $3.00 Per Side (Volume-Based)

Admirals (formerly Admiral Markets) offers tiered commission based on monthly trading volume.

Commission structure:

• Forex and metals: $1.80 to $3.00 per side
• Standard rate: $3.00 per side / $6.00 round turn
• High-volume traders pay as low as $1.80 per side

Spreads: Zero accounts offer spreads from 0.0 pips.

Total cost (EUR/USD at standard tier): $6.00 commission + ~$0.50 spread = $6.50 per lot round turn.

Why it’s worth considering: Volume-based discounts reward active traders. If you trade 200+ lots per month, effective commission drops significantly.

Best for: High-volume traders who can unlock lower commission tiers.

Broker Commission Comparison Table

Broker	Commission (Per Side)	Commission (Round Turn)	EUR/USD Avg Spread	Total Cost Per Lot
Fusion Markets	$2.25	$4.50	0.02 pips (~$0.20)	$4.70
IC Markets (cTrader)	$3.00	$6.00	0.1 pips (~$1.00)	$7.00
FP Markets	$3.00	$6.00	0.05 pips (~$0.50)	$6.50
Tickmill	$3.00	$6.00	0.04 pips (~$0.40)	$6.40
Exness	$3.50	$7.00	0.03 pips (~$0.30)	$7.30
Global Prime	$3.50	$7.00	0.06 pips (~$0.60)	$7.60
Admirals	$1.80–$3.00	$3.60–$6.00	0.05 pips (~$0.50)	$4.10–$6.50

Note: Spread costs are approximate and vary based on market conditions. Commission rates reflect standard tiers; volume discounts may apply.

Why Lower Commission Matters More Than You Think

Commission is only part of your total trading cost, but it’s the most controllable variable.

Spreads fluctuate with market volatility. Slippage depends on execution speed and liquidity. Swap rates are set by interbank markets. But commission is fixed—you know exactly what you’ll pay per lot.

Here’s the math on a 50-lot-per-month trading plan:

Broker	Commission Per Lot	Monthly Cost (50 Lots)	Annual Cost
Fusion Markets	$4.50	$225	$2,700
Industry Average	$7.00	$350	$4,200
Savings	—	$125	$1,500

At 200 lots per month, you save $6,000 per year by choosing Fusion Markets over a $7 broker.

For scalpers and high-frequency traders, this difference is the margin between profitability and break-even.

Total Trading Cost: Commission + Spread

Commission alone doesn’t tell the full story. You need to calculate total cost per trade: commission + spread.

A broker charging $4.50 commission with a 0.5 pip spread costs $9.50 per lot. A broker charging $6 commission with a 0.1 pip spread costs $7.00 per lot. The second broker is cheaper despite higher commission.

Always compare total cost, not commission in isolation.

ECN raw spread accounts typically offer the lowest total cost because spreads start from 0.0 pips. Even with commission added, total cost is lower than commission-free accounts with 1.0+ pip spreads.

Example: Raw Account vs Standard Account

FP Markets Raw Account:

• Spread: 0.0 pips ($0)
• Commission: $6 round turn
• Total cost: $6.00 per lot

FP Markets Standard Account:

• Spread: 1.2 pips (~$12)
• Commission: $0
• Total cost: $12.00 per lot

The Raw account is 50% cheaper. This is consistent across most brokers—raw accounts cost less despite the commission.

Hidden Fees to Watch For

Low commission means nothing if you’re paying high fees elsewhere. Check for these hidden costs:

• Withdrawal fees: Some brokers charge $20–$50 per withdrawal, especially for bank transfers.
• Inactivity fees: Admirals charges €10/month after 2 years of inactivity. Other brokers charge after 90 days.
• Currency conversion fees: If your account currency doesn’t match the trading pair, you pay conversion fees. Admirals charges 0.3%.
• Swap rates: Overnight financing costs vary significantly between brokers. Check swap rates if you hold positions longer than a day.
• Minimum volume requirements: Some brokers require high monthly volume to avoid fees or maintain low commission tiers.

Always read the fee schedule. A broker advertising $3 commission might charge $30 per withdrawal and 0.5% currency conversion—wiping out any savings.

How a Forex VPS Reduces Your Total Trading Costs

Even the lowest commission won’t save you if slippage is costing you 2 pips per trade.

A forex VPS positions your trading platform in the same data center as your broker’s servers—reducing latency from 500-800ms to under 5ms.

Lower latency = less slippage = better fill prices.

Here’s a real-world case study:

• Trader A (home connection in New York): 75ms latency, cumulative slippage of -1.50 pips over 120 trades.
• Trader B (VPS in London near broker server): <1ms latency, cumulative slippage of +0.20 pips over 120 trades.

The difference: 1.70 pips per trade. On a standard lot, that’s $17 per trade—$2,040 over 120 trades.

If you’re trading 50+ lots per month or running EAs that require fast execution, a forex VPS isn’t optional—it’s part of your cost structure.

We run ultra-low latency VPS nodes in Equinix NY4, LD4, and TY3 data centers with 1ms or less latency to most major brokers. Plans start at $25/month—less than the slippage cost on 2 trades.

Should You Choose a Commission Account or Zero Commission Account?

It depends on your trading frequency and style.

Choose a raw commission account if you:

• Trade more than 10 lots per month
• Scalp or use high-frequency strategies
• Run EAs or algorithmic systems
• Want the tightest possible spreads

Choose a zero commission account if you:

• Trade fewer than 10 lots per month
• Prefer simplicity (no separate commission charge)
• Swing trade or hold positions for days/weeks

For most active traders, raw commission accounts offer lower total cost. Even at $7 round turn, you’re paying less than the spread markup on commission-free accounts.

Final Verdict: Which Broker Has the Lowest Commission in 2026?

Fusion Markets offers the absolute lowest commission at $2.25 per side ($4.50 round turn)—35% below the industry average. Combined with raw spreads from 0.0 pips and fast execution, it’s the top choice for cost-conscious traders.

IC Markets is the best option for cTrader users and algorithmic traders who can benefit from volume rebates. Commission starts at $3 per side on cTrader and drops further with high monthly volume.

FP Markets and Tickmill both offer $3 per side ($6 round turn) with excellent execution speeds and tight spreads—solid middle-ground options.

Exness and Global Prime sit at the industry average of $3.50 per side but offer other advantages like instant withdrawals (Exness) or no minimum deposit (Global Prime).

If you’re trading serious volume, the difference between $4.50 and $7.00 per lot is thousands of dollars per year. Choose based on total cost, not marketing.

And if you’re running EAs or scalping, pair your low-commission broker with a low-latency forex VPS—the combination of tight commissions and sub-5ms execution is where real cost savings happen.

Frequently Asked Questions

What’s the difference between round turn and per side commission?

Per side (also called one-way) commission is charged once when you open a trade and again when you close it. Round turn commission is the total cost for both opening and closing—it’s simply per side × 2. For example, $3 per side equals $6 round turn.

Which broker has the absolute lowest commission in 2026?

Fusion Markets offers the lowest commission at $2.25 per side ($4.50 round turn), which is 35% lower than the industry average of $3.50 per side. This applies to their Zero account on forex and metals trading.

Do low commission brokers have higher spreads?

No—ECN raw spread accounts typically offer spreads from 0.0 pips plus a commission. Total trading cost (spread + commission) on raw accounts is usually lower than commission-free accounts with wider spreads.

Should I choose a commission account or zero commission account?

Active traders, scalpers, and algo traders benefit from raw commission accounts because total costs are lower. Casual traders making fewer than 10 trades per month might prefer zero-commission accounts for simplicity, though costs per trade will be higher.

How does a forex VPS reduce my total trading costs?

A VPS positioned near your broker’s server reduces latency from 500-800ms to under 5ms, cutting slippage significantly. Lower slippage means you get filled at better prices, which can save more than commission costs—especially on high-frequency strategies. We offer forex VPS hosting in major financial hubs with 1ms or less latency to most brokers.

Are there hidden fees I should watch for with low commission brokers?

Check for withdrawal fees, inactivity fees, currency conversion fees, and swap rates. Some brokers advertise low commissions but charge high financing costs for overnight positions or fees for withdrawals via certain methods.

What commission rate should I expect in 2026?

The industry average is $3.50 per side ($7 round turn) for raw spread accounts. Anything below $3 per side is considered very competitive. The lowest rates range from $2.25 to $3.00 per side.