DAX Spread Comparison UK: 10 Brokers Tested (2026)

Which broker has the lowest Dax spread?

Last updated: 31st July 2026 

As of 31st July 2026, the tightest DAX spread across the 10 UK brokers we checked was 0.9pts, from Pepperstone.

Month Checked Tightest broker(s) DAX Spread
July 2026 Pepperstone 0.9pts
June 2026 Pepperstone 0.9pts
May 2026 Pepperstone 0.9pts

Between 61-89% of retail investor accounts lose money when trading CFDs and spread bets. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk.

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 decided to take live DAX prices from 10 Spread Betting and CFD brokers

  1. Capital.com
  2. CMC Markets
  3. IG
  4. City Index
  5. FXCM
  6. Pepperstone
  7. SpreadEx
  8. FxPro
  9. Oanda
  10. Plus 500

On Monday 27th July at 4.02 pm UK time, I checked the DAX spreads. A regular cash session for the DAX, trading hours session, and limited volatility, so it was a fair fight.  

(Also, so I could grab the screenshots in time… very scientific…)

Here’s what I found for the DAX at that time

In no particular order:

  • Capital.com = 1.5pts
  • Pepperstone = 0.9pts
  • CMC Markets = 1.2pts
  • IG = 2.0pts
  • FXCM = 1.3pts 
  • City Index = 1.2pts
  • SpreadEx = 1.4pts
  • Oanda = 2.2pts 
  • Plus 500 = 3.0pts
  • FxPro = 1.75pts
That’s a big difference if you’re an active trader… I plugged the potential savings into my spread saver calculator to see what you’d save per month doing a couple of trades per day.
Spread Saver - Potential saving £563 pm!

Alright, the results are what they are…

Let’s rank all the brokers in order from best DAX spread to worst:

  1. Pepperstone 0.9pts
  2. City Index and CMC 1.2pts
  3. FXCM 1.3pts
  4. SpreadEx 1.4pts
  5. Capital.com 1.5pts
  6. FXPro 1.75pts
  7. IG 2.0pts
  8. Oanda 2.2pts
  9. Plus 500 3.0pts

By the way, these spreads were taken at one point in time on a random Monday afternoon. I tried to be as fair as possible (and even double-checked after the US open), but markets can get wild, and maybe the spreads change.

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

These are the spreads for both spread betting and CFD accounts.

I also did exactly the same test on ten 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.