In this article, we will look at 5 Forex Brokers with Zero Spreads that you can trade with today. We will also look at other advantages of trading with these 5 brokers.
Broker | Review | Min Deposit | Zero Spread Account | Regulations | Account |
1. Fusion Markets  | $0 | ASIC, VFSC | |||
2. TickMill  | $100 | FCA, FSA, CySEC, FSCA | |||
3. IC Markets  | $200 | ASIC, CySEC, FSA | |||
4. Pepperstone  | $0 | FCA, ASIC, SCB, CMA, CySEC, BaFin, DFSA | |||
5. CMC  | $0 | FCA, ASIC, DFSA, CySEC, CMA, SCB, BaFin |
What is a Zero Spread Forex Broker?
A zero spread forex broker provides traders with spreads that starts from 0.0 pips but they make money from traders in other ways like charging for commissions. Brokers who charge high spreads can eat into your profit margins, that’s why a lot of traders look into brokers with zero spreads.
Even though there is a benefit to trading with brokers with zero spreads, it is important to note that they charge traders commissions on trades, depending on the amount of lots traded.
Is it safe to trade with Zero Spread Forex Broker?
Yes, it is safe to trade with a zero spreads forex broker depending on certain factors. The following are the factors that are considered when choosing the best forex brokers with zero spreads.
- Regulations – This is very important, the brokers we recommend are regulated by tier 1 regulators like ASIC.
- Reputation – Brokers should have a good reputation among traders in the forex industry.
- Commissions Charged – Low spreads are great, but it might come with high commissions. We need to make sure that the low spread brokers do not charge very high commissions.
- Other factors – other factors like trading platforms, financial instruments provides are also considered when choosing the right zero spread broker.
The following are the top 5 forex brokers that offer accounts that starts with Zero Spreads.
1. Fusion Markets
The Fusion Markets is one of the best zero spread brokers in the industry providing traders with very tight spreads. The Fusion markets broker was founded in 2017, and is headquartered in Melbourne, Australia.
The Fusion Markets broker is regulated by 2 regulators including a top tier regulator. These regulators are the Australian Securities and Investment Commission (ASIC) and Vanuatu Financial Services Commission (VFSC).
The Fusion Markets broker provides traders with 4 different account types. The zero spread account is called the Zero Account. For this account type the spreads starts from 0.0 pips and the commissions charged is $2.25 per side.
The Fusion Markets broker provides traders with 4 main trading platforms. These are TradingView, MetaTrader 4, MetaTrader 5, and cTrader trading platform.
The Fusion markets provide traders with 24/7 customer service. Traders can contact the Fusion markets customer support through email, phone and live chat.
The Fusion markets broker provides a leverage of up to 1:500 depending on the country and the financial instrument you are trading.
To get started trading with the Fusion Markets broker, you don’t require a minimum deposit. If you are interested click the button below.
2. TickMill
The TickMill broker is another great broker that provides traders with zero spreads. The TickMill broker was founded in Seychelles, in 2014.
TickMill broker is regulated by several financial regulators including the Cyprus Securities and Investment Commission (CySEC).
The TickMill broker provides traders with several type of accounts. The zero spread account is called the Raw Account. For this account type the spreads starts from 0.0 pips and the commission from $3 per lot per side.
The TickMill broker provides traders with a range trading platforms, these include, MetaTrader 4, MetaTrader 5 and TickMill mobile application
When it comes to customer support, the TickMill broker provides traders with 24/5 customer support. Traders can contact the TickMill broker customer support through email, phone and live chat.
This broker provides a maximum leverage of up to 1:1000 depending on the instrument being traded. To start trading with the TickMill broker you need a minimum deposit of $100.
3. IC Markets
The IC Markets broker is also another great broker the provide traders with zero spreads. The IC Markets broker was founded in, Sydney Australia in 2007.
The IC Markets broker is regulated by several financial authorities, including the top tier Australian Securities and Investment Commission (ASIC).
The IC Markets broker provides traders with a range of account types. The zero spread account type is called the raw spread account. There are two types of raw spread accounts provided by the IC Markets broker.
These are the Raw Spread cTrader/TradingView account and the raw spread MetaTrader account. For both these accounts, the spreads starts from 0.0 pips. But the commission is a bit different. The commissions charged for the meta trader raw spread account is $3.5 per lot per side and the commission charge for the cTrader/TradingView raw spread account is $3.0 per lot per side.
This broker offers traders with a range of trading platforms. These are, MetaTrader 4, MetaTrader 5, cTrader and TradingView trading platform.
The IC markets broker provides traders with 24/7 customer support. Similar to the previous brokers, you can contact the IC markets support through phone, email and live chat.
This broker provides a maximum leverage of up to 1:500 depending on the instrument traded and the country you are trading from. To start trading with the IC Markets broker, traders require a minimum deposit of $200.
4. Pepperstone
The Pepperstone broker is also one of the best broker that offers traders with zero spreads. This broker was founded in Melbourne, Australia in 2010.
The Pepperstone broker is regulated by several financial authorities including the top tier Australian Securities and Investment Commission (ASIC).
This broker offers traders with a several account types. The zero spread account type is called the Razor account. For this account, the spreads starts from 0.0 pips and the commission from $3 per lot per side.
The Pepperstone broker provides traders with a range of trading platforms. These are MetaTrader 4, MetaTrader 5, TradingView, cTrader and the Pepperstone trading platform.
This broker provides traders with 24/7 customer support. Traders can contact the Pepperstone broker through email, phone, WhatsApp and live chat.
For retail clients the maximum leverage provided by this broker is up to 1:30. For professional clients, the maximum leverage provided is up to 1:500.
To start trading with the Pepperstone broker, you do not require a minimum deposit but the Pepperstone broker recommends a deposit of $200.
5. CMC Markets
CMC markets is another great broker the offers traders with zero spread accounts. The CMC markets was founded in the United Kingdom in 1989.
The CMC markets broker is regulated by several financial regulators including the top tier regulator the Financial Markets Authority (FMA) in New Zealand.
The CMC markets broker provides traders with a range of account types. The zero spread account type is called the FX Active account.
This broker provides traders with several trading platforms. These include the popular MetaTrader 4 platform and NGEN which is CMC’s flagship trading platform.
This broker provides customer support to traders only between 7.30 am – 7 pm Sydney time unlike the other brokers in this list. You can contact CMC markets broker through live chat, phone and email. They also provide traders with a contact form for non-critical enquiries.
For retail clients, the CMC markets broker provides a leverage of up to 1:30. To start trading with the CMC markets broker you do not require a minimum deposit.
Conclusion
In this article, we talked about 5 great brokers that provide traders with zero spread accounts. These brokers are also highly regulated brokers who provide other great features as well.
