Forex Trading accounts are leveraged products and can result in losses that exceed your deposits. They may not be suitable for everyone. Please ensure you fully understand the risks and seek independent advice. Our tables are suitable for experienced investors only.

If you are only charged commission, you pay a fixed amount regardless of the amount you make in your trade.

Forex providers can charge you differently, for example:

  • Some charge commission only

  • Some charge commission and a spread

  • Some charge a spread only

Use this comparison to check the commission charged per trade, and include the spread to find the cheapest forex platform.

Finding the right account

When looking for the best commission forex account from our range of providers, you should consider:

  • The currency pairs available to trade on

  • The spreads for each currency pair

  • The commission fees and spreads

  • Any extra fees like annual charges or inactivity fees

  • Who the provider is regulated by

Remember that forex markets can be very volatile, and you could lose more than the money you deposit in an account.

Commission forex FAQs

Q

Does a 0 spread forex account exist?

A

It would be rare to find if at all possible, with most commission forex accounts offering a spread marginally higher, for example 0.0003 pips.

Q

Can I lose my money through commission forex?

A

Yes, you could lose all your deposited money and more if your trades lose. Only trade with money that you can afford to lose.

Q

Is forex trading regulated?

A

Yes, all UK based forex trading companies are regulated by the Financial Conduct Authority.

Q

Do I pay tax when forex trading?

A

No, any profits you make are not subject to Income Tax, Capital Gains Tax or Stamp Duty.

Q

Why am I charged a commission to make a forex trade?

A

It is charged by the broker to cover the cost of administering your trade.

About our commission forex comparison

Q

Who do we include in this comparison?

A

We include commission based forex trading platforms from our panel. They are either authorised and regulated by the Financial Conduct Authority (FCA), or a European regulator and listed on the FCA register as EEA authorised.

Here is more information about how our website works.

Q

How do we make money from our comparison?

A

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.

Q

How do we select our top forex providers?

A

We display a range of providers that have completed due diligence and passed our compliance checks.