In Forex trading, the spread is the difference between the bid (buy) and ask (sell) prices of a currency pair. For traders, especially scalpers and day traders, lower spreads mean lower transaction costs and a better chance to profit from short-term price movements. Zero spread accounts eliminate this gap, allowing traders to open and close positions without paying spread fees. Instead, traders typically pay a small commission per trade.
As we enter 2024, several brokers offer zero spread accounts to attract cost-conscious traders. In this article, we’ll explore the seven best zero spread Forex brokers for 2024, based on factors such as reliability, regulation, trading conditions, and user feedback.
RoboForex is a well-established broker offering a zero spread account with competitive commissions. Known for its advanced trading platforms and flexible account types, RoboForex provides traders with fast order execution and transparency.
Zero spread account: Spreads start from 0.0 pips, with a low commission of $20 per million traded.
Execution speed: RoboForex boasts fast trade execution with minimal slippage, making it ideal for scalpers.
Regulation: Regulated by IFSC, providing a safe trading environment for clients.
Trading platforms: Offers MT4, MT5, cTrader, and proprietary platforms.
In 2023, RoboForex reported a 30% increase in active traders using their zero spread accounts, largely driven by its transparent fee structure and reliable performance .
FBS is another popular broker offering zero spread accounts. It caters to a wide range of traders, from beginners to experienced professionals, and is known for its easy-to-use platform and favorable trading conditions.
Zero spread account: Offers 0.0 pips on major currency pairs with a fixed commission starting from $20 per lot.
User-friendly platform: FBS offers both MT4 and MT5 platforms, with intuitive interfaces for new traders.
Leverage: FBS provides leverage up to 1:3000, which can be customized based on account type.
Regulation: Regulated by CySEC and IFSC, ensuring safety and compliance.
According to 2023 reports, FBS has over 21 million active traders, with a significant portion using zero spread accounts to reduce trading costs and enhance profitability .
Exness is a global leader in Forex trading, offering zero spread accounts tailored for traders who prioritize cost efficiency. Exness is known for its low commissions and robust trading infrastructure, which is essential for fast-paced trading environments.
Zero spread account: Features spreads starting at 0.0 pips on major pairs, with competitive commissions of $3.50 per lot.
Regulation: Regulated by top-tier authorities such as the FCA (UK) and CySEC (Cyprus).
Trading platforms: Offers MT4, MT5, and a proprietary platform with advanced charting and analysis tools.
Flexible leverage: Provides leverage up to 1:2000, depending on the region and account type.
Exness continues to gain popularity due to its consistent trading environment and transparent zero spread options. In 2023, the broker reported a 25% increase in zero spread account users .
IC Markets is well-known for its ultra-low spreads, including a true zero spread account designed for high-frequency traders. The broker’s reputation for transparency and fast execution has made it a popular choice among scalpers and day traders.
True ECN model: IC Markets provides direct market access with spreads starting from 0.0 pips.
Low commissions: Charges a competitive commission of $3.50 per lot, making it one of the most cost-effective brokers.
Fast execution: With servers located in top financial hubs, IC Markets ensures fast trade execution with minimal latency.
Regulation: Regulated by ASIC (Australia), ensuring a safe and trustworthy trading environment.
With a strong presence in Asia and Europe, IC Markets saw a 40% growth in zero spread account registrations in 2023, highlighting its appeal to cost-sensitive traders .
Tickmill is a reliable broker offering competitive zero spread accounts for Forex traders. Known for its low-cost structure and excellent customer service, Tickmill is particularly popular among traders seeking consistent and transparent trading conditions.
Zero spread account: Spreads start from 0.0 pips, with a low commission of $4 per round turn lot.
Low minimum deposit: Traders can open a zero spread account with as little as $100.
Educational resources: Tickmill provides a wealth of educational content, making it ideal for beginners looking to understand zero spread trading.
Regulation: Regulated by the FCA, CySEC, and FSCA.
In 2023, Tickmill was voted as one of the top brokers for customer satisfaction, with many users praising its low-cost zero spread account and educational support .
XM is a global broker that provides a zero spread account with attractive trading conditions. With over 5 million clients worldwide, XM has earned a reputation for offering flexible account options and competitive spreads.
Zero spread account: Spreads start at 0.0 pips, with commissions as low as $3.50 per lot depending on the account type.
Fast execution: XM is known for its 99.35% execution rate within one second, ideal for fast-moving markets.
Regulation: Regulated by the FCA, ASIC, and CySEC, ensuring a secure trading environment.
Comprehensive education: Offers webinars, tutorials, and market analysis, helping traders make informed decisions.
XM reported a 20% increase in zero spread account users in 2023, particularly in Europe and Asia, where traders seek cost-effective trading solutions .
Pepperstone is a leading broker offering zero spread accounts with some of the most competitive trading conditions available. The broker’s ECN execution model and low commissions make it a top choice for traders looking for tight spreads and fast execution.
Zero spread account: Offers spreads starting from 0.0 pips, with commissions starting at $3.50 per lot.
Regulation: Regulated by ASIC, the FCA, and DFSA, providing traders with a safe and secure environment.
Advanced trading platforms: Supports MT4, MT5, and cTrader, offering flexibility for all types of traders.
Low latency: Known for its fast execution speeds, Pepperstone is ideal for traders using scalping strategies.
With over 3 million users globally, Pepperstone’s zero spread account remains a favorite among professional traders, particularly those employing high-frequency strategies .
Zero spread Forex brokers offer traders the chance to minimize their trading costs by eliminating the bid-ask spread. This is especially valuable for scalpers and day traders who make frequent trades and need the lowest possible transaction costs. The seven brokers highlighted in this article—RoboForex, FBS, Exness, IC Markets, Tickmill, XM, and Pepperstone—offer reliable zero spread accounts with competitive commissions, fast execution, and strong regulatory oversight.
As you consider your options in 2024, selecting a broker with a transparent fee structure and robust trading platform is essential for maximizing your profitability. Whether you're a beginner or an advanced trader, these brokers provide the tools you need to trade efficiently with minimal costs.