Top Zero Spread Accounts for 2021

We found 11 online brokers that are appropriate for Trading Zero Spread Accounts.

Best Zero Spread Accounts Guide

Updated July 24, 2021

Zero Spread accounts

When trading foreign exchange markets the variation between the ASK and BID price is known as a spread. The spread represents brokerage costs and typically replaces broker commission and fees when trading.

With a zero spread account the broker offers an account that has no deviation in the ask and bid price. They are the same.

It said by some trading experts in the Forex industry that if you are dealing in ‘day-trading’ or ‘high-frequency scalping,’ it is better to opt for brokers that offer for Zero Spread accounts.

Zero spread accounts let you know your entry and exit levels before opening a trading position. Because with Zero Spread accounts the bid and ask price are the same.

What are Zero Spread accounts

Lets understand Zero Spread accounts before discussing the advantages and disadvantages of trading with a zero spread broker account.

Zero Spread accounts are offered by many brokers and are similar to basic trading accounts but without any difference between the 'ask price' and 'bid price.' Zero spread accounts have the same ask and bid price. These accounts are helpful when you want to know calculate the non-trading losses. One of the important non-trading losses is the slippage.

Before the birth of STP brokers and ECN brokers, all brokers claimed to offer low commission rates or low spreads, but with the advent of new technologies, Zero Spread accounts were introduced to offer traders the better trading prices. Many brokers adopted Zero Spread accounts to allow them to remain competitive against other brokerages.

Forex Zero Spread

A lot has been written recently about the zero spread accounts or also known as low-risk accounts in the foreign exchange market. They are considered by many as the best way to trade. But not all people are satisfied with this offering. And there are still those that do not want to deal with spreads at all and look for other ways to earn money. Read on to find out why traders think that the zero spread is a scam and how you can earn with this kind of forex trading account.

Most forex brokers offer traders the opportunity to trade forex zero spreads. These accounts are offered to traders that have an account of at least one hundred thousand dollars worth of assets. To qualify, the trader should also have an account at the same broker with at least ten thousand dollars worth of assets. In addition, the trader should have a minimum of five thousand dollars in raw assets in their hands. These two requirements will ensure that only traders with very large accounts can open this type of account.

Understanding Forex Zero Spread

In trading currencies, it is important to know the meaning of spreads. When a trader purchases one currency with one cent price and sells the same currency with another cent price, he makes a profit. The trader may buy or sell the same currency numerous times in a day and make a profit as per his requirement. In the Forex market, one has to follow the trading system and follow it strictly. Zero spreads mean that in case of opening a trade and making a profit, the trader does not have to pay any commission. He does not have to pay any broker or dealer or give any order to his broker.

In the Forex market, the only way of gaining maximum profit is by increasing the price and reducing the spread. To do so, a trader has to understand the zero spreads. To know the exact concept of zero spreads, we have to first understand how they affect the trading system.

Every trade is done in pairs. A trader enters the market to buy a currency with one currency and sells the same currency with another one. In this case, he gains a profit on every sale. One should be careful about the spreads. If a trader enters the market intending to sell the currency and finds that the spread is high, then he cannot proceed with his deal.

Most of us do not know that in the Forex market, there is also a market called the spot market. This market is different from the zero spreads. Here, the trader buys and sells a currency after determining its actual price. Sometimes, if the trader is lucky, he may find that the spread is low and he can bargain for the price. But if he is not so lucky, then he has no chance of winning anything.

How Do Forex Zero Spread Work

For the uninitiated, the concept of zero spreads means that you will make money even when the market goes against you. In the forex markets, this is known as 'bid to spread' and it is where the bid price is lower than the asking price. This type of spread can be profitable in the short term but in the long term, the bid spread can cost you a lot of money. So how does this apply to Forex trading and how do you profit from it? Let's take a look at this...

How do Forex zero spreads work? If the market price moves against you it is called a spread. If instead, you are buying at the correct price level, you are said to be overbought or overpriced. It is these two terms that make the term zero spreads between currencies.

If for instance, you are trading the EUR/USD pair. On average you would expect the bid price to be two to three percent lower than the asking price. If instead, you buy at the asking price, you would be able to sell the EUR/USD pair for a much higher price, depending on if demand was high or low. You are making money depending on what the market wants. Pretty simple, isn't it?

What Affects The Spread In Forex Trading

In Forex, the spread is caused by the variations in currencies. When you trade currencies, you do not pay for the actual spot price. Instead, you pay for the difference in price between two currencies. In simple terms, you buy one currency at a fixed price and sell another currency at the same price.

There are two types of spreads: fixed and variable spreads. A fixed spread refers to the price that remains unchangeable. In other words, you pay for the spot price and not for the difference between two currencies. Generally speaking, this is the least expensive trade option you can have since it involves fewer trades and more of your capital is concentrated on fewer trades.

Variable spreads on the other hand involve small changes in price between the bid and ask prices. Traders can take advantage of these changes to profit from small price fluctuations in the market. However, there are a lot of risks involved when you use variable spreads in the stock market. These risks include trading against yourself and other investors, losing big amounts of money, and not getting the full profit that you expected. So it is advisable to stick with fixed spreads if you are new in the Forex trading business or if you have low-risk tolerance.

Advantages of Zero Spread Accounts

Zero spread accounts offer low commission fees and low spreads. Zero Spread accounts are suitable for day trading and high frequency scalping trading.

Zero spread accounts allows traders to gain access to the live market spreads without any additional mark up on the spread by your broker.

If you are a small trader and don't like to widen your spreads, zero spread accounts are a good choice. If you place your bid on the wrong side, you can change the trade bias and there will be no more damage to your account by the spread.

With Zero spread accounts pricing is sourced from several liquidity providers. Commencing a trade at the order price is essentially assured.

Disadvantages of Zero Spread Accounts

Be aware that brokers don't make much money from your Zero Spread accounts and so they may try other ways to make money from you.

A broker may require a smaller or higher leverage when trading. Zero spread accounts often have higher minimum deposits required by the broker before trading can commence. Some brokers may not apply negative balance protection on zero spread accounts. Zero spread accounts will often have tighter stop loss levels and margins make sure you check with your broker before making any deposits.

Zero Spread accounts brokers’ comparisons

The first and foremost thing to look at is the commission a Zero spread accounts broker is charging from you. Usually, it may be a nominal fee or commission and added to it would be a small markup.

You may also find some brokers who may not charge any commission. In such a condition, your position may not be sent to the liquidity providers.

Zero Spread Accounts Verdict

Zero Spread accounts are gaining popularity lately due to the many features which are suited towards beginners. Brokers offer zero spread are attracting traders who want to experience Forex trading without taking much risk with low transaction costs.

However, be aware that nothing comes for free in this world even if a broker says the zero spread accounts offered are free of any commission or fee. Traders are urged to examine the fees or commission as well as the tactics employed by the broker to make money from you.

We've collected thousands of datapoints and written a guide to help you find the best Zero Spread Accounts for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best zero spread accounts below.

Reputable Zero Spread Accounts Checklist

There are a number of important factors to consider when picking an online Zero Spread Accounts trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Zero Spread Accounts.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Zero Spread Accounts of 2021 compared

Here are the top Zero Spread Accounts.

Compare Zero Spread Accounts min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are zero spread accounts. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more zero spread accounts that accept zero spread accounts clients

Broker IC Markets Roboforex XM FP Markets NordFX Eightcap LCG teletrade varengoldbankag ninjatraderbrokerage amscotstockbroking
Rating
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA) Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) Unregulated Unregulated Ministry of Economic Affairs and Communications (Estonia)
Min Deposit 200 1 5 100 1 100 100 100 250 1000 500
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 10,000+ 3,500,000+ 10,000+ 10,000+ 10,000+ 10,000+ 50,000+ 10,000+ 10,000+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Offers STP
  • Low min deposit
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • ECN account
  • Micro account
  • Zero spread account
  • ECN account
  • Demo account
  • Micro account
  • Zero spread account
  • Islamic account
  • Zero spread account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps MT4, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android) Desktop,Android,iPhone,Mac MT4 IRESSTrader,IRESSInvestor,netIRESS,XPLAN
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
icmarkets
Sign Up with
roboforex
Sign Up with
xm
Sign Up with
fpmarkets
Sign Up with
nordfx
Sign Up with
eightcap
Sign Up with
londoncapitalgroup
Sign Up with
teletrade
Sign Up with
varengoldbankag
Sign Up with
ninjatraderbrokerage
Sign Up with
amscotstockbroking
Risk Warning Losses can exceed deposits Losses can exceed deposits Your capital is at risk Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk
Demo IC Markets
Demo
Roboforex
Demo
XM
Demo
FP Markets
Demo
NordFX
Demo
Eightcap
Demo
London Capital Group
Demo
TeleTrade
Demo
VarenGold Bank AG
Demo
NinjaTrader Brokerage
Demo
Amscot Stockbroking
Demo
Excluded Countries AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA US, JP US, CA, IL, KR, IR, MM, CU, SD, SY US, JP, NZ No US US, CA, NZ, JP, BE KR,IR US

All Zero spread accounts in more detail

You can compare Zero Spread Accounts ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Zero Spread Accounts for 2021 article further below. You can see it now by clicking here

We have listed top Zero spread accounts below.

Zero Spread Accounts List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 3500000+ traders. Your capital is at risk XM offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
Eightcap
(3/5)
Min deposit : 100
Eightcap was established in 2015 and is used by over 10000+ traders. Losses can exceed deposits Eightcap offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC)
LCG
(3/5)
Min deposit : 100
London Capital Group was established in 1996 and is used by over 10000+ traders. Your capital is at risk London Capital Group offers Forex, CFDs, Spread Betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
teletrade
(2/5)
Min deposit : 100
TeleTrade was established in 2008 and is used by over 50000+ traders. Your capital is at risk TeleTrade offers Forex trading, Spread Betting, Social trading, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
varengoldbankag
(3/5)
Min deposit : 250
VarenGold Bank AG was established in 2008 and is used by over 10000+ traders. Your capital is at risk VarenGold Bank AG offers Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Desktop,Android,iPhone,Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
ninjatraderbrokerage
(3/5)
Min deposit : 1000
NinjaTrader Brokerage was established in 2008 and is used by over 10000+ traders. Your capital is at risk NinjaTrader Brokerage offers Forex trading, CFD trading, Spread Betting, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
amscotstockbroking
(3/5)
Min deposit : 500
Amscot Stockbroking was established in 1853 and is used by over 10000+ traders. Your capital is at risk Amscot Stockbroking offers Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

IRESSTrader,IRESSInvestor,netIRESS,XPLAN

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Ministry of Economic Affairs and Communications (Estonia)

Learn more Learn more about IC Markets.
Losses can exceed deposits