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
16
Cheapest spread
0 pips
Most expensive
2.4 pips
Cost gap
N/A
GBP/USD Spreads by Broker
Data: Sep 17, 2026| # | Broker | Market | Account | Spread (pips) | Type |
|---|---|---|---|---|---|
| 1 | Pepperstone | Australia | Razor | 0pips | variable |
| 2 | BlackBull Markets | Worldwide | Standard | 0.1pips | variable |
| 3 | Axi | Australia | Pro | 0.5pips | variable |
| 4 | Saxo Bank | Worldwide | VIP | 0.8pips | variable |
| 5 | IG Markets | Australia | Standard | 0.9pips | variable |
| 6 | IG Markets | UK | Standard | 0.9pips | variable |
| 7 | CMC Markets | UK | Standard | 0.9pips | variable |
| 8 | XTB | UK | Standard | 0.9pips | variable |
| 9 | Spreadex | UK | Spread Bet | 0.9pts | variable |
| 10 | IG Group | Worldwide | Standard | 0.9pips | variable |
| 11 | Pepperstone | UK | Standard | 1pips | variable |
| 12 | easyMarkets | Worldwide | Standard | 1pips | fixed |
| 13 | Pepperstone | Worldwide | Standard | 1pips | variable |
| 14 | Swissquote | Worldwide | Prime | 1.5pips | variable |
| 15 | OANDA | Worldwide | Standard | 2pips | variable |
| 16 | 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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