Best Low Slippage Forex Brokers
Written by Marcus Taylor
What is Slippage?
Slippage is the difference between the price a trader places their trade at and the price at which the trade is executed. This can either be to the trader’s advantage (positive slippage) or disadvantage (negative slippage).
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Best Low Slippage Forex Brokers
Here are the best forex brokers for low slippage.
- Tickmill - 7.9/10 Overall
- CMC Markets - 9.6/10 Overall
- Interactive Brokers - 9.7/10 Overall
- Capital.com - 8.4/10 Overall
- IC Markets - 8.2/10 Overall
- FP Markets - 8.3/10 Overall
-
IG
- 9.9/10 Overall
- Saxo Bank - 9.7/10 Overall
- Trade Nation - 7.5/10 Overall
| Average Spread EUR/USD - Standard | 0.51 (August 2022) |
| All-in Cost EUR/USD - Active | 0.31 (August 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2014 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 1 |
| Tier-2 Licenses | 2 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 295 |
| Forex Pairs (Total) | 62 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | No |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 30 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
| Average Spread EUR/USD - Standard | 0.51 (August 2022) |
| All-in Cost EUR/USD - Active | 0.51 (August 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1989 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 5 |
| Tier-2 Licenses | 1 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 12377 |
| Forex Pairs (Total) | 158 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 84 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
| Average Spread EUR/USD - Standard | 0.6 (Aug 2022) |
| All-in Cost EUR/USD - Active | 0.6 (Aug 2022) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | No |
| Year Founded | 1977 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 8 |
| Tier-2 Licenses | 1 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 8500 |
| Forex Pairs (Total) | 90 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 128 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
| Average Spread EUR/USD - Standard | 0.6 (July 2021) |
| All-in Cost EUR/USD - Active | 0.6 (July 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2016 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 1 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 6000 |
| Forex Pairs (Total) | 138 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 75 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | No |
| Economic Calendar | Yes |
| Average Spread EUR/USD - Standard | 0.62 (August 2022) |
| All-in Cost EUR/USD - Active | 0.62 (August 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2007 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 1 |
| Tier-2 Licenses | 1 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 3583 |
| Forex Pairs (Total) | 61 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | No |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 30 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
| Average Spread EUR/USD - Standard | 1.2 (August 2022) |
| All-in Cost EUR/USD - Active | 0.7 (August 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2005 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 1 |
| Tier-2 Licenses | 2 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 10000 |
| Forex Pairs (Total) | 71 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 30 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
| Average Spread EUR/USD - Standard | 0.86 (September 2022) |
| All-in Cost EUR/USD - Active | 0.5957 (September 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1974 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Tier-1 Licenses | 7 |
| Tier-2 Licenses | 2 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 19537 |
| Forex Pairs (Total) | 100 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 33 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
| Average Spread EUR/USD - Standard | 0.9 (September 2022) |
| All-in Cost EUR/USD - Active | 0.7 (September 2022) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1992 |
| Publicly Traded (Listed) | No |
| Bank | Yes |
| Tier-1 Licenses | 6 |
| Tier-2 Licenses | 1 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 60000 |
| Forex Pairs (Total) | 190 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 62 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
| Average Spread EUR/USD - Standard | 0.6 |
| All-in Cost EUR/USD - Active | 0.6 |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2014 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 1 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 601 |
| Forex Pairs (Total) | 33 |
| Bitcoin | No |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 35 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | No |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | No |
Slippage can occur both when a trader enters a market or exits the market. When a market order is placed via a no dealing desk broker, the trader is provided with a bid/ask price on their trading platform and uses this to place the trade. If, however, this price is not available for their order at the time it is executed, it will be filled at the next available price in the market; or part of the trade may be filled at their requested price, but the remainder filled at the next best available price.
Slippage can be a symptom of high market volatility, which can occur immediately after a news opening, for example; or low market liquidity, which can occur when trading currency pairs that are rarely traded. Execution speeds play a major role in slippage. Any delays between the initiation of the order and the execution of the order can result in a price change. Delays can be caused by the trader using a poor internet connection or by placing the trade through a broker that does not offer the most advanced technology, affecting the speed at which they are capable of executing orders.
A trader will want to maximise positive slippage and reduce or avoid negative slippage where possible.
Minimising Negative Slippage
Slippage can be avoided by using brokers who offer instant execution rather than market execution. This is because the trade is guaranteed to be executed at a specific price. The issue here, however, is that if the price that the trader requests becomes unavailable due to the time lag between the placement of the order and its execution, a requote from the broker will be necessary, causing further delays. Successive requotes, particularly during fast-moving markets, can mean that a good trading opportunity is lost; whereas a market execution order would have been filled at the next best available price.
One way of controlling the price at which the order is executed is to set a market range. This will allow a trader to limit slippage as the order will cancel rather than be filled at a price that has slipped outside of their specified range. Where a trader authorises partial fills, only part of the order will cancel if the remainder can be filled at a price within the trader’s market range.
Another way to mitigate the risk of negative slippage is to use a broker with proven low slippage rates. Brokers using advanced technology who can offer fast execution speeds are preferable for traders wanting to reduce the impact of slippage on their trades. ECN (Electronic Communication Network)< / STP (Straight Through Processing) brokers offer automatic rather than manual execution, which means trades can be processed at very high speeds.
Avoiding trading in highly volatile markets is another way to reduce slippage, however, this will also limit the trader’s opportunity to benefit from positive slippage when the market moves in their favour.
Maximising Positive Slippage
If a broker offers price improvements, this means that when an order is to be filled at the best available price in the market, if a better price becomes available at the time the order executes, this will be the price that the trader receives.
When limit orders and limit entry orders are used by a trader, this means that the trade can only be affected by positive slippage as the requested price or a better price is guaranteed.
Finding a Low Slippage Broker
Choosing a no dealing desk, ECN / STP broker, with up-to-date systems and fast execution speeds, is the best way to reduce the impact of slippage on an order.
Brokers with fast execution speeds such as XM publically state on their website regarding the execution policy and speed.
It is also beneficial to look for a broker that offers price improvements as this means that the trader can receive positive slippage on their order if the price rises sharply past a set limit. Brokers such as FXCM offer clients positive slippage.
Using a regulated broker is always recommended, as it will mean that the broker is working to standards that assure a clients interests are protected.
BrokerNotes.co 2023 Overall Rankings
To recap, here are our top forex brokers for 2023, sorted by Overall ranking.
| Company | Overall Rating | Minimum Initial Deposit | Average Spread EUR/USD - Standard | Trust Score | Trust Score | Tradeable Symbols (Total) | Visit Site |
|
Tickmill
|
7.9 | $100 | 0.51 (August 2022) | 82 | Trusted | 295 | |
|
CMC Markets
|
9.6 | $0 | 0.51 (August 2022) | 99 | Highly Trusted | 12377 | |
|
Interactive Brokers
|
9.7 | $0 | 0.6 (Aug 2022) | 99 | Highly Trusted | 8500 | |
|
Capital.com
|
8.4 | $20 | 0.6 (July 2021) | 77 | Average Risk | 6000 | |
|
IC Markets
|
8.2 | $200 | 0.62 (August 2022) | 86 | Trusted | 3583 | |
|
FP Markets
|
8.3 | $100 AUD | 1.2 (August 2022) | 86 | Trusted | 10000 | |
 IG
|
9.9 | £250.00 | 0.86 (September 2022) | 99 | Highly Trusted | 19537 |
Visit Site
|
|
Saxo Bank
|
9.7 | €2,000 | 0.9 (September 2022) | 99 | Highly Trusted | 60000 | |
|
Trade Nation
|
7.5 | $0 | 0.6 | 83 | Trusted | 601 | |
 Pepperstone
|
8.4 | $200 | 0.77 (September 2022) | 93 | Highly Trusted | 1200 | |
 Plus500
|
8.5 | €100 | 0.6 (as of Aug 2018) | 98 | Highly Trusted | 2800 | |
 FOREX.com
|
9.3 | $100 | 1.0 (July 2022) | 99 | Highly Trusted | 5500 |
Visit Site
|
 City Index
|
9.2 | £100.00 | 1.0 (July 2022) | 99 | Highly Trusted | 13500 | |
 AvaTrade
|
8.6 | $100 | 0.91 (Aug 2020) | 93 | Highly Trusted | 1260 | |
 XTB
|
9 | $0 | 1.07 (Q3 2022) | 95 | Highly Trusted | 12000 | |
 Vantage
|
7.7 | $50 | 1.22 (August 2021) | 83 | Trusted | 1000 | |
 Moneta Markets
|
7.5 | $50 | 1.27 (September 2022) | 71 | Average Risk | 965 | |
 HYCM (Henyep)
|
7.7 | $100 | 0.6 (Sept 2021) | 86 | Trusted | 245 | |
 Admiral Markets
|
8.3 | $100 | 0.8 (July 2021) | 87 | Trusted | 8425 | |
 VT Markets
|
7.4 | $200 | 1.2 (September 2021) | 71 | Average Risk | 168 | |
 BlackBull Markets
|
7.9 | $0 | 0.827 (August 2022) | 74 | Average Risk | 26000 | |
 ACY Securities
|
7.4 | $50 | 1.2 (Sept 2021) | 75 | Average Risk | 1600 | |
 eToro
|
8.8 | $10-$10,000 | 1 (August 2021) | 93 | Highly Trusted | 3458 | |
 FXCM
|
8.5 | Starts from $50 | 1.38 (Q2 2022) | 96 | Highly Trusted | 441 | |
 TD Ameritrade
|
9.5 | $0 | 1.25 pips (September 2022) | 99 | Highly Trusted | 0 | |
 Eightcap
|
7.6 | $100 | 1.0 (Aug 2022) | 87 | Trusted | 326 | |
 OctaFX
|
7 | $25 | 0.6 (August 2021) | 67 | High Risk | 80 | |
 BDSwiss
|
7.8 | $100-$5000 (depending on account type) | 1.6 (08/10/22) | 83 | Trusted | 1081 | |
 HFM
|
7.7 | $5 | 1.2 (August 2021) | 85 | Trusted | 3500 | |
 XM Group
|
8.4 | $5 | 1.6 (Aug 2020) | 90 | Trusted | 1372 | |
 FxPro
|
8.1 | $100 | 1.51 (August 2020) | 90 | Highly Trusted | 2249 | |
 OANDA
|
8.4 | $0 | 1.26 (5/22-5/27/22) | 92 | Highly Trusted | 124 | |
 TMGM
|
7.8 | $100 | 0.96 (July 2021) | 79 | Average Risk | 12000 | |
 GBE brokers
|
6.8 | $500 | -1 | 69 | High Risk | 500 | |
 FlowBank
|
7.7 | $0.00 | N/A | 77 | Average Risk | 408600 | |
 Alpari
|
6.8 | $20 | N/A | 67 | High Risk | 105 | |
 FXPrimus
|
6.9 | $100 | N/A | 69 | High Risk | 140 |
Visit Site
|
 Trading 212
|
7.6 | EUR 10 | N/A | 77 | Average Risk | 1785 | |
 AxiTrader
|
7.1 | 0 | N/A | 83 | Trusted | 175 |
Visit Site
|
 Spreadex
|
7.2 | $0 | -1 | 70 | Average Risk | 2000 | |
 GKFX
|
7.1 | $0 | N/A | 66 | High Risk | 354 | |
 FXOpen
|
7 | $100 | N/A | 80 | Trusted | 87 | |
 TeleTrade
|
7 | $100 | -1 | 67 | High Risk | 500 | |
 IronFX
|
7.2 | $50 | 1.2 | 84 | Trusted | 340 | |
 Exness
|
7.2 | $1 | 0.9 (as of May 19) | 74 | Average Risk | 112 | |
 TopFX
|
6.7 | Depends on payment method | N/A | 67 | High Risk | 655 | |
 Swissquote
|
8.7 | $1000 | N/A | 99 | Highly Trusted | 466 | |
 Markets.com
|
8.2 | $100 | 1.9 (as of Oct 2019) | 98 | Highly Trusted | 2179 | |
 Fineco Bank
|
7.9 | $0 | N/A | 92 | Highly Trusted | 126 | |
 ThinkMarkets
|
7.4 | $250.00 | N/A | 86 | Trusted | 1674 | |
 easyMarkets
|
7.3 | $100 | 0.9 (as of Mar 2020) | 84 | Trusted | 199 | |
 Tradeo
|
6.4 | $200 | -1 | 67 | High Risk | 256 | |
 Forex4you
|
6.9 | $0 | -1 | 62 | High Risk | 150 | |
 RoboForex (RoboMarkets)
|
7.3 | $100 | 1.4 (Jan 2022) | 69 | High Risk | 12000 | |
 LegacyFX
|
6.9 | $500 | 0 | 75 | Average Risk | 425 | |
 Trade360
|
7.1 | $250 | N/A | 75 | Average Risk | 1062 | |
 DooPrime
|
7.8 | $100 | -1 | 84 | Trusted | 10000 | |
 ATFX
|
6.6 | $500 | -1 | 70 | Average Risk | 150 | |
 Vestle
|
7.1 | -1 | -1 | 79 | Average Risk | 750 | |
 Libertex (Forex Club)
|
6.7 | $10 | -1 | 72 | Average Risk | 300 | |
 UFX
|
6.6 | $100 | 3 (Jan 2021) | 67 | High Risk | 619 | |
 Xtrade
|
6.5 | $250 | -1 | 80 | Trusted | 142 |
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Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.