The 10 best Forex Broker with zero (no) spread accounts

Do you want to pay fewer trading fees when investing in currency pairs? – Then you should choose zero or no spread Forex Broker. On this page, we will show you the top 10 companies which are offering trading with starting pips at 0.1. Trading fees can be very expensive when you are doing scalping or high-volume trading. By choosing one of our recommended Forex Brokers you can save a lot of money. In addition, we will provide you with detailed information about zero-spread trading.

See the list of the 10 best zero spread brokers here:

Broker:
Review:
Spreads and Fees:
Regulation:
Advantages:
Open account:
1. RoboForex
RoboForex logo
Starting 0.0 pips + $ 10 commission per 1 lot
IFSC (BE)
# ECN accounts
# Maximum 1:2000 leverage
# Micro accounts
# Free bonus
# MT4/5, cTrader
# Crypto payments
Zero spread account from
$ 10
(Risk Warning: You capital can be at risk)
2. Blackbull Markets
Blackbull Markets logo
Starting 0.0 pips + negotiable commission per 1 lot
FSP (NZ)
# Real ECN
# Account types
# Deep liquidity
# High leverage 1:500
# Personal support
# MT4/MT5
Zero spread account from
$ 2,000
(Risk Warning: Your capital can be at risk)
3. Vantage Markets
Starting 0.0 pips + $ 3 commission per 1 lot
ASIC (AU). VFSC (VANUATU), CIMA (CAY)
# ECN accounts
# High leverage 1:500
# Raw spreads
# MT4/MT5
# Bonus
Zero spread account from
$ 500
(Risk Warning: You capital can be at risk)
4. Pepperstone
Starting 0.0 pips + $ 3 commission per 1 lot
FCA (UK), ASIC (AU), DFSA (UAE), SCB, CMA, CySEC, BaFin
# Fast execution
# NDD FX Broker
# High liquidity
# No slippage
Zero spread account from
$ 200
(Risk warning: 74-89 % of retail investor accounts lose money when trading CFDs)
5. Thunder Forex
Starting 0.0 pips + $ 3.5 commission per 1 lot
FSC (SEY)
# ECN accounts
# High leverage
# Deep liquidity
# MT4
Zero spread account from
$ 500
(Risk Warning: Your capital can be at risk)
6. IC Markets
IC Markets logo
Starting 0.0 pips + $ 3.0 commission per 1 lot
ASIC (AU), CySEC (EU), FSA (SE)
# Good conditions
# ECN Broker
# High liquidity
Zero spread account from
$ 200
(Risk Warning: Your capital can be at risk)
7. Tickmill
Tickmill logo
Starting 0.0 pips + $ 2.0 commission per 1 lot ($ 100 deposit)
FCA (UK), CySEC (EU), FSA (SE)
# Best conditions
# Best execution
# Personal service
Zero spread account from
$ 100
(Risk warning: 70% of retail CFD accounts lose)
8. XTB
XTB Logo
Starting 0.0 pips + $ 3.5 commission per 1 lot
FCA (UK), IFSC (BE), BaFIN (DE)
# Best for beginners
# Good education
# Low fees
# Min. deposit $ 0
Zero spread account from
$ 0
(Risk warning: 72% of retail CFD accounts lose money)
9. XM Forex
Starting 0.0 pips + $ 3.5 commission per 1 lot
FCA (UK), CySEC (EU), ASIC (AU)
# Huge varierity
# Micro accounts
# Daily webinars
Zero spread account from
$ 100
(Risk warning: 75.59% of retail CFD accounts lose)
10. FBS
Starting 0.0 pips + $ 6 commission per 1 lot
IFSC (BE)
# ECN account
# Webinars
# Personal support
Zero spread account from
$ 500
(Risk Warning: Your capital is at risk)

Safe trading fees by using a low spread forex broker

Overall, we tested more than  50 Forex Brokers in 9 years of trading time and trading fees are very important to check. Most brokers are offering spread-based account types and a few are offering a zero spread account in addition. Sometimes you can switch between a spread or a zero spread account. If you do a calculation between these two account types you will always see that the zero (no) spread account is cheaper for you. Less trading fees will bring you a higher profit.

See my video review:

Comparison between a spread and zero (no) spread account:

For example, you want to trade 1 lot with the EUR/USD asset. On the spread account, you got a 1.0 pip spread. The pip value is $10. That means you are paying a fee of $10 by opening and closing the trade. The value of the fees is depending on the asset.

Spread account: 1 lot EUR/USD with 1.0 pip spread = $10 spread fee

On a zero (no) spread account you are paying most of the time $3.5 per 1 lot trading (commission)

Zero spread account: 1 lot EUR/USD with 0.0 pip spread = $3.5 spread fee

In conclusion, the zero spread account is 65% – 50% cheaper than a normal spread account. So you should definitely use a zero spread account to pay fewer fees.

Advantages of a 0.0 pip account:

The calculation above shows us that a zero spread account is cheaper than other accounts. That is the main reason why you should use it. In addition, it is better for certain strategies like scalping where traders only trade small trading movements. The real market prices are traded by the broker. Overall, trading with a 0.0 pip account is more transparent.

Disadvantages of a 0.0 pip account:

There is only one disadvantage of a 0.0 pip account. Some Forex Brokers got no negative balance protection. Forex Trading is leveraged trading which implies high risk. There are some market situations where the broker can not close your position (big news event overnight). If you got bad luck and you are trading with a too big trading volume your account balance can become negative. But this is nearly impossible.

(Risk warning: Your capital can be at risk)

Our values to find a good online partner

For traders, it is hard to find a reliable and trusted online forex broker. As experienced traders, we know how to check a partner by certain criteria. Before signing up with a forex broker you should check the homepage to find important information to avoid fraud. There are some fake brokers who are scamming clients all over the world. That should not happen to you so definitely check the regulation of the company. A regulated forex broker is showing the license and regulation on the webpage.

In the following list and video, you will find our full criteria and comparison to find a reliable partner to trade forex. Regulation, the security of funds, and trade execution are very important to us and these are the key factors to trade like a professional.

Criteria for a good forex broker: 

  • Official regulation
  • Official dealer license
  • Free demo account
  • Low minimum deposit
  • Professional support
  • Reliable trading platform
  • Fast execution
  • Low trading fees

How does a 0.0 pip forex spread broker earn money?

In the zero spread account, an additional spread is not charged but the broker will charge a fixed commission. This is depending on the trading volume of the position. Most brokers will show you a commission per 1 lot (100.000) trade. If the commission is $6 per 1 lot trade you will pay a commission of $0.06 if you are trading 0.01 lot.

In conclusion, the online broker always earns money because of the additional spread or commission. If you are a high-volume trader the broker will earn more money and sometimes the company will give you a rebate so that you pay fewer fees because of the high trading volume.

See the picture of 0.0 pips spread in EUR/USD trading here:

Zero spread forex
Zero spread forex

(Risk warning: Your capital can be at risk)

How does the no spread account really work?

In the following, we will show you exactly how it works behind the scenes. Most Forex Brokers get liquidity from a “market maker” called a “liquidity provider” and some companies are making it by themself. Around the world, there are big liquidity providers like banks (Goldman Sachs, Barclays, Citibank, and more). These banks are giving direct market liquidity to the Forex Brokers.

Forex Broker liquidity providers
Forex Broker liquidity providers

The orders are matched by the “Spot Market” and not traded on a real stock exchange like stocks or futures.

Get direct market spreads

With a zero spread account, you get direct market access and real original prices. Most Forex Brokers show you the liquidity in the trading platform. You can see the market depth and how much liquidity is there. In our opinion, no spread accounts are more transparent than spread accounts.

Direct spreads from liquidity providers
Direct spreads from liquidity providers

See the market liquidity

The most no-spread brokers are ECN or No Dealing Desk Brokers. You can see the market liquidity in your trading platform. The most popular platform is MetaTrader. If you click on “Depth on Market” you will see the order book (picture below).

Orderbook for for no spread accounts
Orderbook for no spread accounts

On the prices, you see the lots based on the liquidity. Liquidity can change every millisecond. We do not recommend trade with order book strategies in the forex market because the numbers are changing too fast.

(Risk warning: Your capital can be at risk)

No conflict of interest

There is no conflict of interest between the Forex Broker and the trader. It does not matter if you make a loss or win trades. The broker earns only money from the commissions. Successful traders are welcome because the broker will earn more money in the long run. You can be sure that your funds and investments are safe when the broker got an official dealer license.

Be careful: Slippage can happen during market events

Always be careful by trading forex. The 0.0 pip spreads are not fixed. On market events, there can be slippage and you get a bad execution. This also applies to normal spread accounts. It means the market is too fast and there is low liquidity. A lot of traders are closing their limit orders when a market news event happens. So the liquidity is small.

We do not recommend trading on market news because of the high risk. The volatility can be very high and the movements are not predictable. So be careful when you trade forex. It is not without risk. On the economic calendar, you can see the market events for your forex pairs.

Conclusion: You should use a 0.0 pip forex trading account

On this page, we showed you detailed information about the zero spread account for forex trading. Nowadays, a lot of brokers are offering this account type. The minimum deposit is different from broker to broker. Sometimes you have to invest more than $1,000 into your account to get 0.0 pips spread.

The forex broker is earning money by an additional trading commission fee which you are paying each trade. BDSwiss is an exception with the monthly fee account. The commission is depending on your trading platform and trading asset. As you saw in our calculation you can save more than 60% of trading fees if you are switching to a no-spread account.

With a regulated broker, you can be sure that there is no scam or fraud. The companies which we present on this page are tested with real money. To get a closer look at a Forex Broker you can read the full and detailed reviews. The winner is clearly Pepperstone because the commissions are the lowest.

See our reviews of the 10 best zero spread accounts: 

  1. Blackbull Markets
  2. Vantage Markets
  3. RoboForex
  4. Pepperstone
  5. Thunder Forex
  6. IC Markets
  7. Tickmill
  8. XTB
  9. XM
  10. FBS

The zero (no) spread account is the best way for traders to save trading fees. It is cheap trading with direct market liquidity.

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Trusted Broker Reviews

Professional investors

(Risk warning: Your capital can be at risk)

FAQ – The most asked questions about Forex Broker Zero Spread : 

What does a forex zero spread account mean?

To put it simply, a zero-spread forex broker is one where the spread, or the differential between the bid and ask prices, usually begins at 0 pip for interbank rates. Predetermined charges specified by the broker are considered transaction fees for the transaction.

Is spread significant in forex?

Each broker has the option to add on the spread in the transaction, which helps to earn more profit on each deal. In simple words, each forex broker’s spread might vary considerably, which may raise the price of currency transactions. 

Does FXTM provide accounts with zero spread?

On popular FX pairings, spreads are generally zero. The most used account is Advantage, which is not surprising. It offers excellent pricing, with spreads on some of the most prominent FX pairings, often 0, and on Gold/USD as low as zero (XAUUSD). Additionally, MT5 offers zero commission US stock trading.

What forex currency pairs have zero spreads?

USD/EUR pair: Spread starts at 0.1 pip. One of the most popular currency pairings on the forex market, EUR/USD is also ideal for newbies because of its extremely low spread. As a result, traders may use this pair to start with little cash and yet turn a profit.

See other articles about online brokers:

Last Updated on January 27, 2023 by Arkady Müller