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Best Zero Spread Forex Brokers

Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

If you're too busy to read the entire article and want a quick answer, the best Forex broker without spread is Trading.com USA. Why? Here are its key advantages:

  • Is legit in your country (Identified as United States Nationalflagg United States)
  • Has a good user satisfaction score 8.8 out of 10
  • Transparent fees
  • High speed of order execution
Below, we'll explain in more detail why we believe this and how brokers were evaluated.

The best Forex brokers without spread are:

  • Trading.com USA - A broker registered with the CFTC and NFA that focuses on spot Forex trading through MT5 and proprietary platforms.
  • ZForex - High transaction speeds, automatic tracking system of clients’ risks..
  • Plus500 - Best premium client support (personal manager, exclusive analysis, webinars)
  • OANDA - Best for trading with advanced technical analysis tools (TradingView charts support)
  • FOREX.com - Diverse range of tradable assets (80+ currency pairs)

Choosing a Forex broker with zero spread allows traders to minimize costs and improve the profitability of trading operations. This article reviews the best brokers that offer trading without spread, which is especially attractive for active traders working with large volumes. To shortlist the final lot, we compared the key conditions of such brokers, including commissions, order execution speed and platform reliability. This will help you choose the right partner for effective trading.

Best Forex brokers without spread (or with low spread)

We have compiled a list of the top zero spread brokers (or with low spread). These companies have been carefully selected based on their features, rules and benefits for traders.

Best Forex brokers without spread or with low spread
Trading.com USA ZForex Plus500 OANDA FOREX.com

Demo

Yes Yes Yes Yes Yes

Min. deposit, $

50 10 100 No 100

Max. leverage

1:50 1:1000 1:300 1:200 1:50

ECN

No Yes No Yes Yes

ECN Spread EUR/USD

No 0.1 No 0.15 0.2

Max. Regulation Level

Tier-1 Not regulated Tier-1 Tier-1 Tier-1

Open an account

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Study review

How to choose a zero spread Forex account?

When choosing a zero spread account, look for brokers that are reputable. Consider the terms and conditions of the broker, as the level of support may vary. Do your research and compare brokers with low spreads.

Key criteria when choosing a zero spread account:

  • Regulation. Look for brokers that are regulated in major jurisdictions. Ideally, the broker should be licensed in your country.

  • Trading platform. The broker should offer a user-friendly platform with technical analysis features, alerts, and the ability to trade from charts. MetaTrader 4 or MetaTrader 5 support is desirable.

  • Commission per trade. Zero spread accounts usually include a commission for each trade, especially on ECN accounts.

  • Currency pairs. Brokers with more liquid pairs provide tight spreads, which is attractive to most traders.

What is a zero/raw spread Forex account?

A spread is the difference between the buy and sell price of a financial instrument, such as a currency pair. This amount is the commission a trader pays to the broker for each trade. A zero spread account eliminates the broker's fee for the spread, leaving the trader with only the spread of the instrument itself. Such an account reduces trading costs, which is especially beneficial for frequent trades.

Raw spread accounts typically start at 0.1 pips for EUR/USD and USD/JPY pairs, with the broker earning income from a fixed commission rather than a markup on the spread. Such accounts are suitable for traders with high trading activity and scalpers, as they allow you to minimize the costs of transactions.

Raw spread vs standard account

Forex brokers offer several account types, including raw spread accounts and standard accounts. Raw spread accounts are available from ECN brokers, which use an electronic communications network to directly connect traders to liquidity providers. This allows traders to receive tight spreads and better prices.

Standard accounts offer a wider spread than raw spreads, usually a few pips higher. This type of account is available from most brokers and does not require a direct connection to liquidity providers.

What currency pairs have the tightest spreads?

The currency pairs with the tightest spreads include:

  • EUR/USD. This is the most traded pair in the market that also favors beginners due to their low spreads. EUR/USD spread starts from 0.1 pips.

  • GBP/USD. This pair offers spreads that shift from time to time and are about 0.3 to 2.7 pips, plus commissions.

  • USD/JPY. The USD/JPY is second after EUR/USD when offering the tightest spreads. This currency pair offers a variable spread of 0.2 to 2 pips which can yield good profits to the traders.

Should I use a zero spread account?

Zero spread accounts are indeed profitable because they offer faster trade execution and lower trading costs. However, they may not be suitable for everyone. You should first compare the pros and cons before using a zero spread account.

  • Pros
  • Cons
  • Faster execution. Zero spread accounts offer faster execution because you do not need to add spreads to the market price. High-frequency traders and scalpers are more likely to benefit from this.

  • Lower trading costs. With zero spread, traders do not need to pay for spreads when opening and closing trades. Lower costs also mean higher profits.

  • Transparency. Without additional spreads, traders can see the exact market price. This will help them make more informed decisions and avoid risks.

  • High commissions. Traders have to pay high commissions to compensate for the lack of spreads.

  • Limited currency pairs. Zero spreads mean limited currency pairs, as some pairs require higher spreads.

Pay attention to all trading conditions and the stability of trade execution

Anastasiia Chabaniuk Educational Content Editor

When choosing a zero spread broker, pay attention to other trading conditions, not just the absence of a spread. For example, brokers may periodically change commissions or add additional fees, which affects the overall costs. Also consider the average spread during unstable market periods: even with zero spread brokers, it can increase significantly.

In addition, it is worth paying attention to the stability of trade execution. In conditions of high volatility, some zero spread brokers may encounter slippage - this is an additional unforeseen cost. To minimize risks, it is useful to check the reviews and evaluate the reliability of the broker in real conditions.

Finally, I recommend testing the conditions of the chosen broker on a demo account or with minimal volumes on a real account to understand how much their zero spread model really corresponds to the declared parameters. This will help to avoid hidden costs and optimize costs in the long term.

Methodology for compiling our ratings of Forex brokers

Traders Union applies a rigorous methodology to evaluate brokers using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.

Key aspects of the assessment include:

  • Regulation and safety. Brokers are evaluated based on the level/reputation of licenses and regulations they operate under.

  • User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.

  • Trading instruments. Brokers are evaluated on the range of assets offered, as well as the breadth and depth of available markets.

  • Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.

  • Trading platforms. Brokers are assessed based on the variety, quality, and features of platforms offered to clients.

  • Other factors like brand popularity, client support, and educational resources are also evaluated.

Find out more about the unique broker assessment methodology developed by Traders Union specialists.

Conclusion

Selecting a zero spread Forex broker can significantly reduce trading costs, but it’s essential to look beyond just the spread. The article demonstrates that top brokers not only offer tight spreads but also provide competitive commission structures and feature-rich accounts tailored to different trading styles. For instance, some brokers attract active traders with robust platforms and transparent pricing, while others focus on beginner-friendly conditions. Ultimately, the best choice pairs zero spreads with reliable execution and low overall fees, empowering traders to maximize profitability. Remember, true value lies in the synergy of cost-efficiency and trustworthy service, not spread alone.

FAQs

How do market conditions affect zero spread accounts?

During periods of high market volatility, even zero spread accounts can experience spread widening and potential slippage, which may increase trading costs unexpectedly. Traders should be aware that the advertised zero spread may change in unstable market conditions.

What are the typical risks associated with zero spread accounts?

Risks with zero spread accounts include high commissions per trade, limited choice of currency pairs, the possibility of hidden fees, and slippage during volatile periods. It's essential to review all terms and test execution stability to avoid unforeseen expenses.

Is it recommended to test a zero spread broker with a demo account?

Yes, using a demo account or trading with minimal real funds allows traders to evaluate a broker's trading conditions, execution quality, and cost structure before committing significant capital to a zero spread account.

How does platform reliability impact zero spread trading strategies?

Reliable trading platforms are crucial for zero spread strategies, as quick order execution and minimal downtime are needed to capitalize on tight spreads. A stable and user-friendly platform helps ensure that strategies like scalping and high-frequency trading can be executed effectively.

Editors' Top Picks and Insights

Team that worked on the article

Aleksandra Chaikina
Aleksandra Chaikina
Author and financial analyst at Traders Union

Aleksandra Chaikina has been a contributor to Traders Union since 2021. With over 15 years of experience in copywriting and more than 5 years focused on financial content, she specializes in producing detailed guides, analytics, and comparative reviews across various sectors, including cryptocurrencies, Forex, investment strategies, and financial technologies.

Dan Blystone
Senior English Editor

Dan Blystone began his trading career in 1998 as an arbitrage clerk on the floor of the Chicago Mercantile Exchange (CME). He later traded bond and Eurex futures at proprietary firms such as Altea Trading, gaining valuable experience in high-frequency trading and risk management.

Chinmay Soni
Head of Fact-Checking Department

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.

Glossary for novice traders
ECN

An ECN, or Electronic Communication Network, is a technology that connects traders directly to market participants, facilitating transparent and direct access to financial markets.

Risk Management

Risk management is a risk management model that involves controlling potential losses while maximizing profits. The main risk management tools are stop loss, take profit, calculation of position volume taking into account leverage and pip value.

Index

Index in trading is the measure of the performance of a group of stocks, which can include the assets and securities in it.

Day trading

Day trading involves buying and selling financial assets within the same trading day, with the goal of profiting from short-term price fluctuations, and positions are typically not held overnight.

Leverage

Forex leverage is a tool enabling traders to control larger positions with a relatively small amount of capital, amplifying potential profits and losses based on the chosen leverage ratio.