A forex broker with no spread and no commission offers a unique pricing model where traders see zero bid/ask difference and incur no per-trade fees. While rare and typically limited to specific accounts or promotional structures, these brokers attract traders looking for maximum transparency and fixed-cost trading environments. In 2025, such models are offered either via subscription-based access, markup-free liquidity routing, or by absorbing cost structures into broader business models.
What does “no spread, no commission” really mean?
- No spread: Bid and ask prices are equal or nearly identical
- No commission: The broker does not charge a per-lot trading fee
- Typically applied to specific account types, during promotions, or with volume quotas
⚠️ Important: Always check for hidden fees, slippage, or widened swaps, as brokers must still cover costs.
How can brokers offer zero spread and zero commission?
- Subscription or fixed-fee accounts (e.g. $50/month flat fee)
- Widened swap fees or admin charges over time
- Tighter risk controls and limited asset availability
- Low-liquidity conditions may trigger temporary spread widening
Top forex brokers offering no spread and no commission (2025)
Broker | Regulation | Account Type | Spread From | Commission | Notes |
---|---|---|---|---|---|
TibiGlobe | EU-compliant | Zero+ Subscription | 0.0 pips | None | No spread or commission with monthly fee |
Exness | FCA, FSCA, CySEC | Zero | 0.0 pips | None | On select pairs, for limited volumes |
JustMarkets | CySEC, FSA | Raw+Bonus Campaign | 0.0 pips | None | Short-term promo account with restrictions |
FBS | IFSC, CySEC | Zero Spread | 0.0 pips | None | Only on major pairs; swaps may apply |
InstaForex | BVI, FSC | Eurica | 0.0 pips | None | Spread replaced by swap-based model |
Tickmill | FSA, FCA | Pro Custom Plan | 0.0 pips | None | Custom structures for institutional clients |
RoboForex | IFSC | Prime Subscription | 0.0 pips | None | Requires fixed monthly plan or rebate volume |
Octa | CySEC | MT5 Raw | 0.0 pips | None | No markup trading with volume lock |
AvaTrade | DFSA, ASIC | Spread-Free Promo | 0.0 pips | None | Time-limited promotions |
Intertrader | UK-based | Pro Spread Lock | 0.0 pips | None | Requires qualifying balance or margin usage |
FXTM | FSCA, CySEC | Loyalty FX Zero | 0.0 pips | None | Loyalty tier unlocks no-cost trades |
FXOpen | FCA, ASIC | Zero ECN Tier | 0.0 pips | None | Requires monthly trading volume commitment |
Vantage | FCA, VFSC | Raw+ Bonus Deal | 0.0 pips | None | Offered under rebate programs |
Eightcap | ASIC, SCB | SmartSpread Account | 0.0 pips | None | Conditional on deposit and frequency |
Pepperstone | FCA, ASIC | Custom B2B Plan | 0.0 pips | None | For business and white-label clients |
Caution: potential hidden costs
- Wider swap rates or overnight charges
- Administrative fees (monthly access, inactivity, etc.)
- Execution delays or slippage in volatile sessions
- Restricted instrument access (major pairs only)
- Minimum deposit or volume requirements
Who should consider zero spread + zero commission brokers?
- High-frequency traders seeking precise entry/exit control
- Algo traders optimising cost structure
- Beginners wanting to understand execution without fee variables
- Institutions with custom broker plans or white-label setups
Key takeaways
- TibiGlobe, Exness, JustMarkets, and FBS offer no-spread, no-commission trading on select accounts
- True “zero cost” models are rare and often come with volume, platform, or time-based conditions
- Always read account terms, including swaps and execution policies, before trading
- No-spread trading does not eliminate risk, especially during volatile sessions
- Subscription models may be cost-effective for active traders, but not passive users
Frequently Asked Questions
Are there real forex brokers with no spread and no commission?
Yes, but these accounts are rare and usually involve subscription models or promotional conditions.
What’s the catch with zero-spread brokers?
They may charge in other areas: swaps, withdrawal fees, monthly subscriptions, or limited trade sizes.
Is it safe to use a zero-spread broker?
Yes, if the broker is regulated and discloses all terms transparently. Avoid unregulated entities with vague pricing.
Do zero-spread accounts work for scalping?
Yes. Many scalpers prefer them for tighter execution, but only if slippage and latency are minimal.
Can beginners use zero-spread brokers?
Yes, but they should start with demo accounts first and understand the full pricing model.
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