The 10 best Forex Broker with Zero (no) Spread accounts

Do you want to pay less 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 detailed information about zero spread trading.

Broker:Review:Spreads and Fees:Regulation:Advantages:Open account:
1. IQ Option
IQ Option logo
5 out of 5 stars (5 / 5)
➜ Read the review
Starting 0.0 pips + NO COMMISSION ($ 10 deposit) – Only on main market hoursCySEC (EU)+ Leverage up to 1:1000
+ Personal service
+ Best platform

2. IC Markets
IC Markets logo
5 out of 5 stars (5 / 5)
➜ Read the review
Starting 0.0 pips + $ 3.0 commission per 1 lot ($ 200 deposit)ASIC (AU), CySEC (EU), FSA (SE)+ Good conditions
+ ECN Broker
+ High liquidity

3. Tickmill
Tickmill logo
5 out of 5 stars (5 / 5)
➜ Read the review
Starting 0.0 pips + $ 2.0 commission per 1 lot ($ 100 deposit)FCA (UK), CySEC (EU), FSA (SE)+ Best conditions
+ Best execution
+ Personal service

4. XTB
XTB Logo
5 out of 5 stars (5 / 5)
➜ Read the review
Starting 0.0 pips + $ 3.5 commission per 1 lot ($ 0 deposit)FCA (UK), IFSC (BE), BaFIN (DE)+ Best for beginners
+ Good education
+ Low fees
+ Min. deposit $ 0

5. BDSwiss
BDSwiss logo
5 out of 5 stars (5 / 5)
➜ Read the review
Starting 0.0 pips + $ 2 – $ 5 commission per 1 lot ($ 5,000 deposit)CySEC (EU), FSC (MAU)+ Individual offers
+ Trading signals
+ Raw Spreads
+ Leverage 1:500

6. XM Forex
XM logo
5 out of 5 stars (5 / 5)
➜ Read the review
Starting 0.0 pips + $ 3.5 commission per 1 lot ($ 100 deposit)FCA (UK), CySEC (EU), ASIC (AU)+ Huge varierity
+ Micro accounts
+ Daily webinars

7. RoboForex
RoboForex logo
5 out of 5 stars (5 / 5)
➜ Read the review
Starting 0.0 pips + $ 4.0 commission per 1 lot ($ 10 deposit)IFSC (BE)+ Huge varierity
+ Micro accounts
+ Bonus program
+ Leverage 1:2000

8. Vantage FX
Vantage FX logo
5 out of 5 stars (5 / 5)
➜ Read the review
Starting 0.0 pips + $ 3.0 commission per 1 lot ($ 200 deposit)ASIC (AU), CIMA (CAY)+ Leverage 1:500
+ ECN Broker
+ Personal service

9. Admiral Markets
Admiral Markets logo
5 out of 5 stars (5 / 5)
➜ Read the review
Starting 0.0 pips + $ 3.0 commission per 1 lot ($ 100 deposit)FCA, ASIC, CySEC, EFSA+ Multi-regulated
+ Huge variety
+ Special offers

10. Blackbull Markets
Blackbull Markets logo
5 out of 5 stars (5 / 5)
➜ Read the review
Starting 0.0 pips + $ 6.0 commission per 1 lot ($ 200 deposit)FSP (NZ)+ Real ECN
+ Account types
+ Deep liquidity

Save trading fees by using a low spread Forex Broker

Overall, we tested more than 50 Forex Brokers in 7 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.

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 the 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.

Advantage 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, the trading with a 0.0 pip account is more transparent.

  • Payless trading fees
  • Better trade execution
  • Real market prices
  • Transparent trading
  • Best for scalping

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.

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 Forex 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

How does the no spread account really work?

In the following, we will show you exactly how it works behind the scenes. The most Forex Brokers getting liquidity by a “market maker” called “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 very millisecond. We do not recommend trade with order book strategies in the forex market because the numbers are changing too fast.

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 winning trades. The broker earns only money by 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 on 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 to trade 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 Tickmill because the commissions are the lowest.

Our reviews: 

  1. IQ Option
  2. IC Markets
  3. Tickmill
  4. XTB
  5. BDSwiss
  6. XM
  7. RoboForex
  8. Vantage FX
  9. Admiral Markets
  10. Blackbull markets

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