Forex
GBP/USD Spread Comparison
GBP/USD (Cable) is the third most traded forex pair globally and the most volatile of the majors. Spreads are typically 1.5-2x wider than EUR/USD due to lower liquidity. UK-regulated brokers tend to offer the tightest cable spreads.
Brokers tracked
27
Cheapest spread
0.04 pips
Most expensive
2.4 pips
Cost gap
60x
GBP/USD Spreads by Broker
Data: Nov 1, 2026| # | Broker | Market | Account | Spread (pips) | Type |
|---|---|---|---|---|---|
| 1 | IC Markets | Australia | Raw | 0.04pips | variable |
| 2 | IC Markets | Worldwide | Raw Spread | 0.04pips | variable |
| 3 | BlackBull Markets | Worldwide | Standard | 0.1pips | variable |
| 4 | Axi | Australia | Pro | 0.5pips | variable |
| 5 | ThinkMarkets | Australia | ThinkTrader | 0.8pips | variable |
| 6 | Saxo Bank | Worldwide | VIP | 0.8pips | variable |
| 7 | ThinkMarkets | Worldwide | ThinkTrader | 0.8pips | variable |
| 8 | easyMarkets | Australia | MT5 Pro | From0.9pips | variable |
| 9 | IG Markets | Australia | Standard | 0.9pips | variable |
| 10 | IG Markets | UK | Standard | 0.9pips | variable |
| 11 | CMC Markets | UK | Standard | 0.9pips | variable |
| 12 | XTB | UK | Standard | 0.9pips | variable |
| 13 | Spreadex | UK | Spread Bet | 0.9pts | variable |
| 14 | IG Group | Worldwide | Standard | 0.9pips | variable |
| 15 | Pepperstone | Australia | Standard | From1pips | variable |
| 16 | Pepperstone | UK | Standard | From1pips | variable |
| 17 | FXTM | Worldwide | Standard | 1pips | variable |
| 18 | Pepperstone | Worldwide | Standard | From1pips | variable |
| 19 | StoneX | UK | Standard | From1.1pips | variable |
| 20 | FXCM | UK | Standard | 1.1pips | variable |
| 21 | Capital.com | UK | Standard | 1.3pips | variable |
| 22 | easyMarkets | Worldwide | Standard | 1.4pips | fixed |
| 23 | OANDA | Australia | Standard | 1.47pips | variable |
| 24 | OANDA | Worldwide | Standard | 1.47pips | variable |
| 25 | Vantage | Australia | Standard | From1.6pips | variable |
| 26 | Swissquote | Worldwide | Prime | 2.3pips | variable |
| 27 | XM | Worldwide | Standard | 2.4pips | variable |
Spreads are indicative and updated daily from broker pricing pages. Raw/ECN accounts include commission. Standard accounts are commission-free.
Why the GBP/USD spread matters
Cable moves fast during London session opens and UK data releases. A tight spread is especially valuable on GBP/USD because the volatility cuts both ways. Wider spreads wipe out small moves before a position even starts running.
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