We found 11 online brokers that are appropriate for Trading 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 spread trading.
Spread brokers offer spread accounts that have no variation in the bid and ask price.
Some trading experts in the Forex industry believe that it is better to go for Forex brokers offering Zero Spread accounts, in case the trader is dealing in day trading and high-frequency scalping.
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 prices are the same.
Let's 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 Forex 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 to calculate the non-trading losses. One of the important non-trading losses is 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 better trading Forex prices. Many Forex brokers adopted Zero Spread accounts to allow them to remain competitive against other brokerages.
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 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.
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 spread trading Forex 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 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.
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?
In Forex, the spread is caused by 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 the 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 spread trading against yourself and other investors, losing money rapidly, 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 a low-risk tolerance.
Zero spread accounts offer low commission fees and low spreads. A Zero Spread account is suitable for day trading as well as high-frequency scalping trading.
Zero spread accounts allow traders to gain access to the live market spreads without any additional markup 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 trading 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.
Be aware that spread Forex 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 smaller or higher leverage when trading. Zero spread accounts often have higher minimum deposits required by the broker before trading can commence. Some Forex brokers may not apply for negative balance protection 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.
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 Forex brokers who may not charge any commission. In such a condition, your position may not be sent to the market maker.
Zero Spread accounts are gaining popularity lately due to the many features which are suited for beginners. Forex brokers offering zero spread are drawing in 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 data points and written a guide to help you find the best Zero Spread Accounts for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best zero spread accounts below.
We have conducted extensive research and analysis on over multiple data points on Zero Spread Accounts to present you with a comprehensive guide that can help you find the most suitable Zero Spread Accounts. Below we shortlist what we think are the best zero spread accounts after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Zero Spread Accounts.
Selecting a reliable and reputable online Zero Spread Accounts trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Zero Spread Accounts more confidently.
Selecting the right online Zero Spread Accounts trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for zero spread accounts trading, it's essential to compare the different options available to you. Our zero spread accounts brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a zero spread accounts broker that best suits your needs and preferences for zero spread accounts. Our zero spread accounts broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Zero Spread Accounts.
Compare zero spread accounts brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a zero spread accounts broker, it's crucial to compare several factors to choose the right one for your zero spread accounts needs. Our comparison tool allows you to compare the essential features 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.
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IC Markets
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Roboforex
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XM
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Pepperstone
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NordFX
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Eightcap
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teletrade
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varengoldbankag
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ninjatraderbrokerage
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amscotstockbroking
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ActivTrades
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Unregulated | Unregulated | Ministry of Economic Affairs and Communications (Estonia) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 10 | 5 | 200 | 1 | 100 | 100 | 250 | 1000 | 500 | 100 |
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Used By | 180,000+ | 1,000,000+ | 3,500,000+ | 400,000+ | 10,000+ | 10,000+ | 50,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android) | Desktop,Android,iPhone,Mac | MT4 | IRESSTrader,IRESSInvestor,netIRESS,XPLAN | MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps |
Support |
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Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with nordfx |
Sign
Up with eightcap |
Sign
Up with teletrade |
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Up with varengoldbankag |
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Up with ninjatraderbrokerage |
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Up with amscotstockbroking |
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Up with activtrades |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 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 |
Pepperstone Demo |
NordFX Demo |
Eightcap Demo |
TeleTrade Demo |
VarenGold Bank AG Demo |
NinjaTrader Brokerage Demo |
Amscot Stockbroking Demo |
ActivTrades Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, ES, YE, ZW, ET | US, CA, EU, RU, SY, KP, CU | US | KR,IR | US | US |
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 2023 article further below. You can see it now by clicking here
We have listed top Zero spread accounts below.