Best Zero Spread Forex Brokers 2022.
For this list, we have searched and tested several forex brokers offering zero spread accounts. We opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. We placed real trades in each popular market to get the real spreads . We also reached out to customer support to solve issues that we hd encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process. We handpick the best forex brokers offering zero spreads based on our trading data and experience as a trader.
What does Spread mean in Forex Trading?
Spread is the difference between the bid and ask price on a brokerage platform. It is one of the primary ways for brokers to make money.
But, with the rising competition in the brokerage business trading costs went down significantly. Many brokers are offering even zero spreads, meaning there is no difference between the bid and ask price, to win over clients.
Zero spreads decrease the trading costs in one way, but it does not mean the overall trading costs will decrease as well.
What is a Zero Spread Account?
Many forex brokers are offering specific zero spread accounts to traders. Traders signed up for these accounts do not have to pay any fees as spreads, but usually have to pay commission for executing trades.
Low Spread Forex Brokers.
While some brokers do not offer zero spread accounts, they still provide very low or zero spreads to traders.
However, traders have to be careful as many brokers falsely market offering zero spreads, but in reality, they charge wide spreads to new brokers.
Advantages of zero spreads accounts:
Easy calculation of trading costs Easier to enter and exit trades without worrying about overhead costs Eliminates the chances of sudden widening of spreads on trades.
Some of the key highlights of trading with zero spread account:
�� Spread From zero �� Commission Yes ��️ Trading Strategy Depends on the broker.
Best 0 pip Spread Forex Brokers.
To select the best zero spread forex brokers, we tested and reviewed several forex brokers. We opened live accounts and depositing real money with each broker. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.
Tickmill – Best Overall Zero Spread Broker XM – Best Zero Spread Broker for Beginners Vantage FX – Best MT4 Zero Spread Forex Broker Libertex – Best Zero Spread Forex Trading Platform FBS – Best High Leverage Zero Spread Forex Broker.
Best Overall Zero Spread Broker.
We have picked Tickmill as the best overall zero spread broker.
Tickmill is headquartered in London and offers the best trading services when it comes to low and zero spreads. The broker offers three types of accounts – classic, pro, and VIP – and two of them are zero-spread accounts. It also offers transparent pricing and charges commissions on trades executed from pro and VIP accounts, which offer zero spreads.
Tickmill offers trading with forex, indices, commodities, and cryptocurrencies and lists a total of 85 trading instruments. The broker also has minimum non-trading fees and does not charge for deposits and withdrawals.
Best Zero Spread Broker for Beginners.
We have picked XM as the best zero spread broker for beginners.
XM is a well-regulated broker holding licenses in the UK, Cyprus, Australia, UAE, and Belize. It is one of the few brokerages offering zero spread accounts and offers trading services with forex and CFDs of indices, stocks, and commodities.
XM is the perfect platform for beginners because of its vast educational resources and offering of two industry-standard trading platforms: MT4 and MT5. It also offers a demo account to beginner traders to execute trades without risking real money.
Best MT4 Zero Spread Forex Broker.
We have picked Vantage FX as the best MT4 zero spread broker .
Vantage FX, an Australia-headquartered broker, offers zero spreads under its raw ECN account. It is one of the few brokers offering true ECN account.
Vantage offers trading services with forex and CFDs of indices, stocks, commodities, and cryptocurrencies. It offers two trading platforms: MT4 and MT5. Most of the traders use the MT4 forex trading platform for executing trades, and the broker is also very focused on updating its indicators and market research tools on the legacy platform.
Best Zero Spread Forex Trading Platform.
We have picked Libertex as the best zero spread forex trading platform.
Cyprus-headquartered Libertex was established in 1997 and has a solid reputation in the forex trading market. The broker aces as one of the best forex trading platforms with 51 currency pair offerings, along with trading instruments of indices, stocks, commodities, and cryptocurrencies.
Libertex allows traders to run all trading strategies, including hedging and scalping, and the availability of zero spread further sweetens its offerings.
Best High Leverage Zero Spread Forex Broker.
We have picked FBS as the best high-leverage zero spread broker.
Leverage levels offered by any brokerage depend on the regulatory restrictions. FBS, which is regulated in Australia, Belize, and Cyprus, is one of the few brokers that offer high leverage on zero spread accounts.
Though both Cypriot and the Australian regulators limit maximum leverage at 30:1, FBS offers leverage up to 888:1 on major currency pairs under its Belize-regulated entity. FBS is also a true ECN broker and offers ECN and zero-spread accounts separately.
Zero-Spread Forex Brokers List.
Apart from the shortlisted zero spread brokers, here is a complete list of forex brokers offering zero spread accounts, which we have tested and reviewed.
Forex Broker Zero Spread Account Zero Spread Commission Per Side Visit Broker Tickmill Yes Yes $2 Visit Tickmill XM Yes Yes $3.5 Visit XM FBS Yes Yes $10 Visit FBS Admiral Markets Yes No $1.8-$3.0 per lot Visit Admiral Markets ThinkMarkets Yes No $3.5 Visit ThinkMarkets GKFX Yes No $10 per lot Visit GKFX ICM Capital Yes No $7/Round lot for FX and Metal only – No commission is charged for all other products Visit ICM Capital Fusion Markets Yes No From $4.50 per round turn Visit Fusion Markets HotForex Yes No $3 Visit HotForex Vantage FX No Yes $3 Visit Vantage FX Libertex No Yes From 0.03% Visit Libertex Eightcap No Yes $3.5 Visit Eightcap BDSwiss No Yes $5 Visit BDSwiss.
FAQ and More on Zero Spread Forex Brokers.
Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to forex offering zero spreads.
How to Verify a Zero Spread Broker?
Many forex brokers claim that they are offering zero spread accounts. However, in reality, they charge spread even on the dedicated zero spread accounts, along with the usual commission.
But it is possible to verify if a broker is offering zero spread services or not. Traders need to open multiple small trading positions and check if there is any difference between the bid and ask price . If the zero spread trend continues for the multiple trades and on multiple instruments, then it is likely that the broker is indeed offering zero spreads.
Zero Spread Forex Broker in India.
To operate locally as a forex broker in India, brokers need to be registered and authorized with the Securities and Exchange Board of India (SEBI). But the country does not have any strict forex brokerage regulatory framework like the United States or the United Kingdom, thus allowing overseas brokers to offer services to Indians.
Zero Spread Forex Broker in South Africa.
To operate in South Africa, Zero Spread forex brokers need to be licensed by the Financial Sector Conduct Authority (FSCA).
Some of the zero spread forex brokers in South Africa are:
MT4 Zero Spread Brokers.
MT4, developed by MetaQuotes Software, is the top trading platform for the forex and CFDs. Some of the zero spread forex brokers offering trading services on MT4 are:
ICM Capital BDSwiss HotForex.
No Spread No Commission Forex Brokers.
Though zero spread forex brokers are desirable, they usually charge commission on each trade. But some brokers are now offering low spreads and also not charging any commission on trade executions.
Some of the low spread no commission forex brokers are:
ActivTrades Plus500 OANDA Admiral Markets.