Most “best broker” lists are paid placements dressed up as research. We funded real accounts at 7 brokers, logged the EUR/USD spread every session, and added the round-turn commission. Below is the cost, broker by broker.
Live FX rates, spot metals, this week's economic calendar and the latest forex headlines — sourced from the ECB, ForexFactory and FXStreet. No third-party trackers, no blocked widgets.
Ranked by all-in cost per standard lot on EUR/USD. Raw spread plus round-turn commission — the only number that matters when choosing an ECN broker.
| # | Broker | All-in cost/lot | Raw spread | Commission | Min. deposit | Regulation | |
|---|---|---|---|---|---|---|---|
| 1 |  IC IC Markets ASIC · CySEC regulated | $7.00 per standard lot | 0.0 pips (typical) | $7/lot | $200 | ASIC, CySEC | Open account → |
| 2 |  Pe Pepperstone FCA · ASIC regulated | $7.70 per standard lot | 0.07 pips (typical) | $7/lot | $0 | FCA, ASIC | Open account → |
| 3 |  Ex Exness CySEC · FSCA regulated | $7.50 per standard lot | 0.0 pips (typical) | $7.50/lot | $10 | CySEC, FSCA | Open account → |
| 4 |  FX FXTM FSC · FSCA regulated | $8.00 per standard lot | 0.0 pips (typical) | $8/lot | $10 | FSC, FSCA | Open account → |
| 5 |  HF HFM FCA · CySEC regulated | $8.00 per standard lot | 0.0 pips (typical) | $8/lot | $0 | FCA, CySEC | Open account → |
| 6 |  XM XM Group ASIC · CySEC regulated | $14.00 per standard lot | 0.6 pips (typical) | $8/lot | $5 | ASIC, CySEC | Open account → |
| 7 |  AV AvaTrade CBI · ASIC regulated | $17.00 per standard lot | 0.9 pips (fixed) | $8/lot | $100 | CBI, ASIC | Open account → |
All-in cost = raw spread (pips × $10) + round-turn commission. EUR/USD typical figures, sampled June 2026. Not financial advice. Spreads vary by session and market conditions.
Enter your lot size and account type to see exactly what each broker charges you — spread plus commission.
Based on typical EUR/USD pricing, June 2026. Commission-only account costs calculated as raw spread + round-turn fee.
We log 150+ data points per broker — live spreads, execution speed and real withdrawal timings — then weight them into one honest score.
Every review dissects the all-in cost: raw spread, commission, hidden fees and real withdrawal timings.
ICThe lowest all-in cost per lot in our dataset. Raw EUR/USD averages 0.02 pips during peak hours — no other retail broker matches it consistently.
PeThe best combination of raw spreads and UK regulatory coverage. FSCS protection plus TradingView integration — a marginal cost premium over IC Markets, justified by FCA safety.
ExThe hidden cost winner for standard-account traders. EUR/USD averages 0.3-0.7 pips on the commission-free Standard — cheaper than most brokers' ECN accounts.
Cost is 35% of the grade — more than any other factor. We open funded accounts, sample the spread across London and New York sessions, add the commission, and sort by what a standard lot really costs you.
Live-sampled spread + commission across London and NY.
Fill speed and slippage under real conditions.
Licences verified on regulator public registers.
MT4, MT5, cTrader, TradingView tested hands-on.
Actual payout timings on real withdrawals.
Response times and quality, scored anonymously.
Cost changes, new ECN accounts and the brokers overcharging — straight to your inbox, once a month.
