10 Forex Brokers with ZERO (no) Spreads | Comparison 2024 (2024)

Do you want to pay fewer trading fees when investing in currency pairs? – Then you should choose zero or no spread ForexBroker.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 recommendedForex Brokersyou 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:

Safe trading fees by using a low spread forex broker

Overall, we tested more than 50 Forex Brokersin 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.

• Paylesstrading 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. SomeForex Brokersgot 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, theonline brokeralways 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:

(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.

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.

See the market liquidity

The most no-spread brokers areECNorNo 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).

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.