DAX Spread Comparison UK: 10 Brokers Tested (2026)

Last updated: 30th October 2026.

The tightest DAX spread across the 10 UK brokers we checked was 0.9pts from Pepperstone, followed by Capital.com, CMC Markets and FOREX.com at 1.2pts.

DAX spreads from different brokers

Pepperstone told me they've been cutting spreads recently. Yeah yeah…

"You mean matching competitor spreads? Yawn…"

So I decided to take a look for myself. Do some market research. I like trading the DAX, and so do a lot of you.

Anyway, I've been comparing live DAX prices from different spread betting and CFD brokers to see who's actually offering the tightest spreads.

For October, I've checked ten brokers:

1. Capital.com
2. CMC Markets
3. IG
4. StoneX
5. FXCM
6. Pepperstone
7. FOREX.com
8. Oanda
9. Plus500
10. XTB

The idea is simple. Compare the actual quoted spreads rather than relying on the headline "spreads from..." figures brokers like to advertise.

Because what matters is the spread you're actually paying when you put a trade on.

Here's what I found in the October comparison.

October 2026 DAX spread results

These are the observed DAX spreads, ranked from tightest to widest:

1. Pepperstone 0.9pts
2. Capital.com , CMC Markets and FOREX.com 1.2pts
3. StoneX and FXCM 1.3pts
4. IG 1.5pts
5. XTB 1.9pts
6. Plus500 2.13pts
7. Oanda 3.2pts

So, who's cheapest for trading the DAX?

Alright, the results are what they are…

Pepperstone came out on top again, with a 0.9pt spread on the DAX.

That's now six consecutive monthly checks where Pepperstone has had the tightest DAX spread in my comparisons.

Not bad, considering how competitive this market has become.

Capital.com, CMC Markets and FOREX.com were next at 1.2pts, with StoneX and FXCM not far behind at 1.3pts.

At the other end, Oanda came in at 3.2pts, with Plus500 at 2.13pts.

And that's quite a difference if you're trading the DAX regularly.

Take Oanda's 3.2pt spread versus Pepperstone's 0.9pts.

That's a difference of 2.3 points per trade.

Trading at £10 per point, that's an additional £23 in spread cost for every comparable round-trip trade.

Do that a few times a day and it starts to add up.

I've built a Spread Saver calculator that lets you enter your typical spread, trade size and number of trades per week.

It'll show you what the difference could cost over a month or a year.

Of course, don't choose a broker on spread alone. Execution, slippage, commissions, platform reliability and overnight funding costs all matter too.

By the way, these spreads were taken at one point in time. I tried to be as fair as possible, but markets can get wild and spreads can change.

Do your own due diligence and all that… Pepperstone is here if you want to check it out for yourself.

The comparison uses quoted spreads; where a separate dealing commission applies, that would need to be considered in the total trading cost.

Compare spreads on other markets

I also did the same test on nine other markets:

Indices: Dow, Nasdaq, S&P 500, FTSE

Commodities: Gold, Oil

Forex: USD/JPY, EUR/USD, GBP/USD

Or see the whole lot in my Spread Checker table.

As always, spreads change, markets move, and the tightest broker today might not be the tightest tomorrow.

But based on my October comparison, Pepperstone remains the one to beat for DAX spreads.