5 Best Zero Spread Forex Brokers for Beginners and Professionals

When talking about forex trading, one of the costs often considered is the spread. Spread is the difference between the bid price (buy) and the ask price (sell).

Before understanding the benefits of zero spread, it’s important to know the basics of trading, such as spreads and pips. The article “What is Spread? What is Pip? Beginner Traders Must Know!” explains these in detail, especially for beginner traders.

Zero spread forex brokers offer additional advantages, particularly for those aiming to reduce trading costs.

If you’re interested in finding the best zero spread brokers, there are several recommendations and essential tips that can help you make smarter decisions.

List of the Best and Most Trusted Zero Spread Forex Brokers

1. IC Markets

This broker is often a top choice for professional traders. It offers raw spread accounts with low commissions and excellent execution speed. IC Markets is also regulated by trusted authorities such as ASIC (Australia) and FCA (UK), ensuring a sense of security for traders.

With account options like Standard, Raw Spread, and Islamic Account, IC Markets is flexible for various trading needs. It is often a top choice for professional traders, offering raw spread accounts with low commissions and excellent execution speed, making it suitable for those focused on cost efficiency.

If you are interested in scalping strategies, the article “5 Best Stock Scalping Brokers for Fast and Effective Trading” provides a list of other brokers that can be useful.

2. RoboForex

RoboForex provides ECN and Pro accounts with zero spread options. This broker is also known for its flexibility with various account types that can be tailored to traders’ needs. Additionally, RoboForex offers attractive promotions, such as cashback and deposit bonuses, and is backed by IFSC Belize regulation, which provides additional protection for traders.

3. FBS

FBS offers accounts with zero spreads, though a fixed commission applies. It is ideal for those seeking transparency in trading costs without additional surprises. The broker also has various account types, such as Cent, Standard, and Zero Spread Accounts, which are flexible for both beginner and professional traders. Additionally, FBS frequently runs promotions, such as no-deposit bonuses and loyalty programs, to enhance the trading experience.

For traders just starting and wanting to try with a small capital, FBS Cent Accounts are a good choice. The article “FBS Cent Account: Low Capital Trading, Controlled Risk” details the benefits and strategies to maximize these accounts.

4. Exness

This broker features a user-friendly platform and low spread options, including zero spread accounts. Exness is popular among both beginner and experienced traders. Additionally, Exness provides 24/7 technical support and innovative trading tools, such as free VPS services for traders who require speed and stability in order execution.

5. Tickmill

Tickmill is known for focusing on the needs of professional traders with low spreads, fast execution, and transparent fees. Its Pro Account is often favored by active traders. Additionally, Tickmill offers advanced technical analysis tools, educational webinars, and multilingual support to help traders improve their skills and trading experience.

Tips for Choosing a Zero Spread Forex Broker

1. Check Broker Regulation: Regulation is the first thing to check. Choose brokers regulated by trusted authorities, such as FCA (UK), ASIC (Australia), or CySEC (Cyprus). This ensures the broker operates with high security standards and transparency in its services. The article “How to Choose a Trusted Broker for Beginners Who Know Nothing” provides a step-by-step guide for beginners to understand the importance of regulation.
2. Watch Out for Additional Costs: Even with zero spreads, there is often a per-lot commission or other administrative fees. Compare the total trading costs (spread + commission) across brokers to ensure genuinely low costs.
3. Order Execution Speed: 
   Zero spreads are often sought by fast traders like scalpers. However, if execution is slow, profits can be disrupted. Choose brokers with technology that supports fast and stable order execution. If you are a scalper or day trader, check out the article “How much money do day traders with $10,000 accounts make per day on average?” to understand potential profits and challenges.
4. Use Demo Accounts: Before opening a live account, use a demo account to test the broker’s services. This helps you understand how zero spreads work and identify any technical issues, such as slippage.
5. Evaluate Trading Platforms: The trading platform used should be convenient and easy to operate. Choose brokers that support popular platforms, such as MetaTrader 4/5 or cTrader, to simplify analysis and trade execution. User-friendly trading platforms are key to efficiency. You can find free and popular trading apps in the article “8 Best Free Stock Trading Apps: Start Investing Without Fees!” to choose one that suits your needs.
6. Responsive Customer Service: Responsive customer service is essential, especially if there are technical issues or other problems during trading. Choose brokers offering 24/7 live chat, email support, and services in various languages to ensure ease of communication in any situation.
7. Understand the Risks of Zero Spread: Zero spreads are often available only when the market is calm. During high volatility, spreads can widen significantly. Make sure to understand the best times to take advantage of zero spread accounts. Trading requires high planning and discipline. For inspiration, read how a trader can earn up to $1,000 per day in the article “Can I Make $1,000 Per Day from Trading? Yes! Here’s How I Do It.”

Conclusion

The recommended zero spread forex brokers can be a starting point to begin trading with low costs. However, choosing a broker is not just about popularity but also about compatibility with each trader’s needs.

Try these zero spread brokers now and experience the benefits! Use the tips explained to evaluate brokers comprehensively. With thorough research and the right strategy, trading in zero spread accounts can become a profitable experience.

In addition to forex, many stock brokers offer free trading services. More information can be found in the article “10 Free Stock Trading Brokers You Must Try” which reviews the best options for stock traders.