Forex brokers offering 0 spread accounts attract traders seeking the tightest possible pricing, especially scalpers and high-frequency traders. However, these accounts typically charge a commission per trade to compensate for the zero or near-zero spreads.
This article highlights some of the best forex brokers providing 0 spread accounts, key features, and important considerations.
What Does 0 Spread Mean?
- The difference between the bid and ask price is zero or very close to zero
- Brokers charge commissions per trade instead of widening the spread
- Allows traders to minimize transaction costs, especially for scalping strategies
Top Forex Brokers Offering 0 Spread Accounts
1. IC Markets
- Spreads: From 0.0 pips (Raw Spread Account)
- Commission: $3.5 per 100k traded (round turn)
- Features: True ECN broker, deep liquidity, fast execution
2. Pepperstone
- Spreads: From 0.0 pips (Razor Account)
- Commission: $3.5 per 100k traded (round turn)
- Features: Multiple platforms, low latency execution
3. HotForex (HFM)
- Spreads: 0 pips (Zero Spread Account)
- Commission: No commission; spreads included in pricing
- Features: Multiple account types, bonuses
4. Tickmill
- Spreads: From 0.0 pips (Pro Account)
- Commission: $2 per 100k traded (round turn)
- Features: ECN pricing, low fees
5. FBS
- Spreads: From 0.0 pips on ECN account
- Commission: Varies
- Features: Bonus offers, cent accounts
Important Considerations
- Zero spread accounts generally involve commissions; calculate total cost (spread + commission)
- Spreads may widen during volatile market conditions
- Check broker regulation and reputation for reliable execution
- Understand the terms for 0 spread accounts, as some have minimum volume requirements
Key Takeaways
- Brokers like IC Markets and Pepperstone lead with true zero spread offerings
- Commission fees usually apply to compensate for zero spreads
- Zero spread accounts are ideal for scalping and high-frequency trading
- Verify broker transparency and regulatory status before trading
Frequently Asked Questions
Are zero spread forex accounts really free?
No, brokers charge commissions even if the spread is zero.
Can spreads widen during news events on zero spread accounts?
Yes, spreads can widen due to volatility.
Which brokers offer true zero spreads?
IC Markets, Pepperstone, and Tickmill are among the top providers.
Is a zero spread account good for beginners?
It can be beneficial but beginners should be cautious of commissions and market volatility.
How do I calculate trading costs on zero spread accounts?
Add the commission fees to the spread to find the total cost per trade.
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