The5ers is the strongest choice for transparent, low all-in forex trading costs. It publishes typical spreads of about 0.2 to 0.9 pips on major currency pairs, plus a $4 round-trip commission per standard lot. That commission is roughly equal to 0.4 pips on EUR/USD.

The figures below come from the firms' published pricing pages and updates, including an FTMO trading update dated September 25, 2025. Spreads and commissions can change, so check the selected account and platform before purchasing an evaluation.

Best Prop Firms for Low Spreads

Prop firm Published spread or pricing model Commission Best suited to
The5ers About 0.2 to 0.9 pips on major forex pairs $4 round trip per lot Traders comparing total trading costs
FundedNext Raw spreads from 0.0 pips $5 per side on Stellar 1-Step and 2-Step accounts Traders focused on the lowest quoted spread
E8 Markets Raw-spread and no-commission options Depends on the account and market Traders who want pricing flexibility
FTMO Variable spreads, with published examples of tight major-pair pricing $2.50 per lot per side for forex in its published schedule Traders who want an established prop firm
Alpha Capital Group Standard and Raw Assessment account types No commission on Standard accounts; raw account conditions differ Traders comparing standard and raw pricing

1. The5ers: Best for Transparent All-In Pricing

The5ers publishes both a typical spread range and a round-trip commission. Its major-pair spreads are usually listed at 0.2 to 0.9 pips, with a $4 round-trip forex commission per standard lot.

On a standard EUR/USD lot, the $4 commission equals about 0.4 pips. The estimated cost is therefore about 0.6 to 1.3 pips before slippage and swaps.

That makes The5ers a practical option for:

  • Forex scalpers and intraday traders
  • Traders who want published commission information
  • Traders comparing the complete entry and exit cost
  • Traders who mainly trade major pairs during liquid sessions

The published range is not a guaranteed quote. The5ers tells traders to check current instrument specifications in the trading platform because spreads and other conditions can change.

2. FundedNext: Lowest Advertised Raw Spread

FundedNext advertises raw spreads starting at 0.0 pips. The commission is higher than The5ers, however, so the spread alone does not show the full cost.

Its published conditions list:

  • $5 per side on forex and oil for Stellar 1-Step and 2-Step accounts
  • $7 per side on forex and oil for Stellar Instant accounts
  • $7 per side on forex and oil for Stellar Lite accounts

At $5 per side, a complete opening and closing transaction costs $10 per standard lot. On EUR/USD, that is about 1 pip in commission before the spread is added.

FundedNext may therefore show a lower quoted spread than The5ers while producing a similar or higher total cost. The result depends on the live spread, account type and trade size.

FundedNext may suit traders who:

  • Prefer raw-spread pricing
  • Use limit orders or strategies that benefit from a narrow quoted spread
  • Check live conditions before purchasing
  • Trade during the most liquid sessions

FundedNext's CFD challenge terms state that references to spreads, commissions and execution apply to simulated evaluation metrics rather than live-market brokerage execution.

3. E8 Markets: Best for Choosing Raw or No-Commission Pricing

E8 Markets offers raw-spread and no-commission forex account options on products including E8 One, E8 Pro and E8 Signature. The pricing depends on the product, account type and market.

The two models work differently:

  • Raw spread account: a narrower spread plus a separate commission
  • No-commission account: a wider spread with the trading cost included in the price

The documentation reviewed does not provide one spread figure that applies to every E8 forex account. Check the relevant platform specification before buying an evaluation.

E8 Markets is worth comparing if you:

  • Want to choose the pricing model
  • Trade several instruments
  • Want to compare raw and spread-only costs
  • Are comfortable trading in a simulated environment

E8 says its forex and crypto accounts use market data in a simulated environment rather than live trading capital or live order execution.

4. FTMO: Competitive Commission, but Check the Live Spread

FTMO's published trading update lists a $2.50 per lot per side forex commission. That equals about $5 per standard lot for a complete trade, or roughly 0.5 pips on EUR/USD before the spread.

FTMO has also published a quote-board example showing a 0.4-pip EUR/USD spread. This is an example, not a permanent minimum or guaranteed quote.

FTMO may suit traders who want:

  • An established prop firm
  • Published forex commission information
  • A free trial for checking trading conditions
  • Tight major-pair pricing during liquid sessions

FTMO says its Free Trial lets traders observe changing spreads, commissions and margin requirements before purchasing a challenge.

The limitation is that FTMO does not publish one fixed spread for every pair, account and trading session. Test the instruments you actually trade rather than relying on a quoted spread example.

5. Alpha Capital Group: Raw Account Option

Alpha Capital Group offers Standard Assessment and Raw Assessment accounts. Its terms state that Standard Assessment accounts do not charge trading commissions, while the firm also offers a raw-spread account type.

The available documentation does not provide one current spread table that supports a direct numerical comparison with The5ers or FundedNext.

Alpha Capital Group is still relevant if you want to compare:

  • Standard spreads with no separate commission
  • Raw spreads with a commission
  • Different cost structures for scalping and swing trading

Check the spread and commission shown for the selected account in the trading platform before purchasing.

How to Compare Prop Firm Spreads

A low advertised spread does not necessarily mean a low trading cost. Compare the complete round-trip cost:

Total trading cost = spread + opening commission + closing commission + swap or overnight financing

Using the published figures:

  • The5ers: 0.2 to 0.9 pips plus about 0.4 pips in commission on a standard lot
  • FundedNext Stellar: a 0.0-pip starting spread plus about 1 pip in commission at the $5-per-side rate
  • FTMO: about 0.5 pips in commission at its published $2.50-per-side rate, plus the live spread

Your actual cost also depends on:

  • Currency pair
  • Position size
  • Trading session
  • Market volatility
  • News releases
  • Overnight and weekend holding
  • Slippage
  • Account model
  • Platform and data feed

Spreads often widen around major economic announcements, market rollover and periods of low liquidity. E8 Markets also notes that high volatility and low liquidity can increase the chance of slippage and spread-related execution problems.

Which Prop Firm Has the Lowest Spreads for Scalping?

FundedNext has the lowest advertised spread because it lists raw spreads from 0.0 pips. The5ers is easier to compare on a total-cost basis because it publishes both a typical spread range and a round-trip commission.

A useful shortlist is:

  1. The5ers for transparent all-in forex pricing
  2. FundedNext for the lowest advertised raw spread
  3. E8 Markets for a choice between raw-spread and no-commission accounts
  4. FTMO for a competitive commission and an established simulated trading environment
  5. Alpha Capital Group for comparing Standard and Raw Assessment pricing

Important Note for US Traders

Platform access may affect the decision. The5ers states that US-based clients use TradingView. E8 Markets says US clients cannot use MT5 or cTrader and can use TradeLocker or MatchTrader instead.

Check the current platform options for your location before paying for an evaluation.

Final Verdict

For the clearest published cost comparison, choose The5ers.

For the lowest advertised raw spread, compare FundedNext, but include its commission in the calculation.

For pricing flexibility, look at E8 Markets. For an established firm with a published forex commission and a free trial, consider FTMO. Alpha Capital Group is another option if you want to compare standard and raw account structures.

The cheapest quoted spread is not always the cheapest complete trade. Test the pair, account model and trading session you use most, then include commission, slippage and swaps in the calculation.