Best Zero Spread Brokers 2025

Minimum Deposit	Leverage	MT4	MT5
10$	1:2000	✅	✅
100$	1:500	❌	❌
10$	1:1000	✅	✅
5$	1:500	✅	✅
1$	1:3000	✅	✅
1$	1:3000	✅	✅
100$	1:500	❌	❌
1$	1:2000	✅	✅
200$	1:500	✅	✅
100$	1:300	✅	✅
5$	1:1000	✅	✅
100$	1:1000	✅	✅
200$	1:500	✅	✅
50$	1:500	✅	✅
5$	1:1000	✅	✅
50$	1:500	✅	✅
100$	1:500	✅	✅
1$	1:500	✅	✅
1$	1:2000	✅	✅
10$	1:1000	✅	✅
25$	1:1000	✅	✅
10$	1:2000	✅	✅
100$	1:30	✅	✅
100$	1:500	✅	✅
10$	1:1000	❌	❌
250$	1:30	✅	✅
25$	1:400	✅	✅
25$	1:400	✅	✅
5$	1:500	✅	✅
100$	1:1000	✅	❌
10$	1:100	❌	❌
100$	1:30	✅	✅
1$	1:1000	✅	✅
100$	1:30	✅	✅
10$	1:500	✅	✅
10$	1:500	✅	❌
1 USDT	1:125	❌	❌
50$	1:500	✅	❌
0.001₿	1:500	✅	✅
0$	1:500	✅	✅
20$	1:1000	✅	✅
10$	1:200	✅	✅
1$	1:500	✅	❌
20$	1:30	✅	✅
50$	1:1000	✅	✅
10$	1:500	✅	✅
10$	1:1000	✅	❌
1$	1:400	❌	❌
100$	1:500	✅	✅
5$	1:1000	✅	✅
1$	1:200	✅	✅
1$	1:500	✅	✅
100$	1:500	✅	✅
25$	1:1	❌	❌
100$	1:500	✅	✅
1$	1:100	✅	✅
1$	1:400	✅	✅
1$	1:1000	✅	✅
100$	1:500	✅	✅
10$	1:1000	✅	✅
100$	1:500	✅	✅
1$	1:1000	✅	✅
10$	1:1000	✅	✅
100$	1:500	✅	✅
100$	1:500	✅	✅
200$	1:500	✅	✅
100$	1:500	✅	✅
50$	1:500	✅	✅
100$	1:1000	✅	✅
200$	1:400	❌	❌
100$	1:500	✅	✅
200$	1:500	✅	✅
100$	1:500	✅	✅
100$	1:200	✅	❌
100$	1:500	✅	✅
50$	1:500	✅	✅
200$	1:500	✅	✅
200$	1:500	✅	❌
200$	1:500	✅	✅
200$	1:30	✅	✅
200$	1:500	✅	✅
100$	1:500	✅	❌
200$	1:500	✅	✅
100$	1:300	✅	❌
100$	1:200	✅	❌
100GBP	1:30	❌	❌
100$	1:500	✅	✅
50$	1:200	✅	✅
0$	1:500	✅	✅
100$	1:500	✅	✅
100$	1:100	✅	✅
100$	1:500	✅	❌
10$	1:500	✅	❌
10$	1:500	❌	❌
10$	1:1000	✅	❌
50$	1:500	✅	❌
10$	1:500	❌	❌
10$	1:500	❌	❌
10$	1:1000	❌	❌
10$	1:500	❌	❌
100$	1:500	✅	❌
100$	1:500	✅	✅
100$	1:500	✅	✅
10$	1:500	✅	✅
100$	1:500	✅	✅
100$	1:500	✅	✅
100$	1:500	✅	✅
100$	1:500	✅	✅
100$	1:500	✅	✅
100$	1:500	✅	✅
500$	1:500	✅	❌
50$	1:500	✅	✅
100$	1:500	✅	✅
200$	1:200	✅	✅
1$	1:1000	✅	✅
10$	1:500	✅	❌
100$	1:500	✅	✅
10$	1:200	✅	✅
100$	1:400	✅	✅
50$	1:400	✅	❌

Article Overview show

Pros and Cons

Pros

Lower trading costs: Zero spread brokers offer competitive pricing that minimizes trading costs, allowing market participants to maximize their profit potential.
Ideal for scalping and day trading: These brokers are perfect for scalpers and day traders who execute multiple trades in a short period, as spreads do not eat into their profits.
Transparent pricing: With zero spreads, traders get more transparency in pricing, knowing that the cost is in the commission rather than hidden in spreads.
Suitable for all trading strategies: Whether you’re using a high-frequency trading strategy or longer-term investing, zero spread brokers can provide a flexible trading environment.
Advanced trading platforms: Many minimal spread brokers offer sophisticated platforms with advanced charting tools, technical analysis, and fast execution speeds.

Cons

Commission fees: While spreads are zero, these brokers typically charge a commission per trade, which can add up for high-frequency traders.
Not always zero spreads: In volatile market conditions, some brokers may still have variable spreads.
Limited broker choices: The number of brokers offering genuine zero spread accounts is limited, and finding a reputable one can be challenging.
Potential conflicts of interest: Some brokers may engage in practices that could potentially disadvantage traders to compensate for the absence of spreads.

Introduction to zero spread brokers

In the world of online trading, choosing the right broker can make a significant difference in a trader’s profitability.

Among the various types of brokers available, zero spread brokers have gained considerable attention.

These brokers offer trading accounts where the spread, or the difference between the bid and ask price of a trading instrument, is essentially zero.

Instead of earning revenue from the spread, these brokers charge a fixed commission per trade, providing a more transparent cost structure.

Minimal spread brokers are particularly popular among scalpers, high-frequency traders, and day traders who execute numerous trades in a short period.

For these individuals, even a small spread can significantly impact profitability.

By eliminating the spread, tight spread brokers allow anybody to see the actual market price without any hidden costs, making it easier to calculate profits and losses.

However, zero spread accounts are not without their challenges and considerations.

This comprehensive guide explores the world of raw spread brokers, their benefits, and drawbacks, the key factors to consider when choosing one, and a detailed comparison of some of the most popular brokers available today.

Whether you’re a seasoned trader or just starting, understanding the ins and outs can help you make an informed decision that aligns with your trading goals.

best-Zero-Spread-Brokers

How do zero spread brokers operate?

To fully appreciate the value of zero spread firms, it’s essential to understand how they differ from traditional brokers.

In a conventional brokerage setup, the spread covers the broker’s operational expenses and provides a primary source of income.

By eliminating this spread, minimal spread brokers shift their revenue model to a commission-based structure.

Key operational features

No spread costs: The most significant advantage is the absence of spread costs, which makes it easier to determine the exact entry and exit points.
Commission-based revenue: Zero spread brokers typically charge a fixed commission for every trade. The commission structure can vary widely between companies, so traders need to evaluate this cost carefully.
Execution speed and quality: These brokers often offer high-speed execution and better price transparency. However, the speed and quality of execution may depend on the broker’s infrastructure and technology.

Zero spread accounts are particularly beneficial for scalpers and high-frequency traders who make numerous trades in a short period.

Benefits of zero spread brokers

Choosing a zero spread broker comes with several advantages that cater to different types of users:

Transparent pricing

With zero spread accounts, the transparency in pricing helps clients understand their costs upfront.

There are no hidden markups, and traders pay a flat fee per trade, which can be particularly advantageous in volatile markets where spreads can widen unexpectedly.

Lower trading costs

For users executing numerous transactions, such as scalpers or day traders, no spread accounts can result in significant cost savings.

Without the spread cost, even the smallest price movement can be profitable, provided it covers the commission charged.

Enhanced control over trades

Zero spread accounts provide a more accurate representation of market conditions, as the prices reflect the actual bid and ask rates.

This can give investors more control over their trading strategies, allowing for tighter stop-loss and take-profit margins.

Suitable for all trading strategies

While they are ideal for scalping and high-frequency trading, they can also benefit swing traders and position traders.

The absence of spread costs means that market participants retain more control over their trades and can minimize costs, even when holding positions for longer periods.

Challenges of zero spread brokerages

Despite their many benefits, they are not without drawbacks:

Cons

Commission fees: While there are no spreads, the commission per trade can add up, especially for high-frequency traders.
Not always zero spreads: In volatile market conditions, some zero spread brokers may still have variable spreads.
Limited broker choices: The number of firms offering genuine tight spread accounts is limited, and finding a reputable one can be challenging.
Potential conflicts of interest: Some companies may engage in practices that could potentially disadvantage traders to compensate for the absence of spreads.

Top firms brokers to consider

There are several firms that provide zero spread accounts, each with unique features, regulations, and trading conditions.

Here is an overview of some well-known tight spread brokers:

IC Markets

IC Markets is a reputable broker known for its low spreads and high execution speed.

It offers no spread accounts, with commissions as low as $3.50 per lot per side.

The broker provides access to a range of financial instruments, including forex, commodities, indices, and cryptocurrencies.

Regulated by the Australian Securities and Investments Commission (ASIC), IC Markets has a solid reputation for reliability and transparency.

Exness

Exness is another well-known broker offering raw spread accounts.

It provides flexible leverage options and supports a wide range of trading platforms, including MetaTrader 4 and MetaTrader 5.

Exness is regulated by multiple authorities, including the Financial Conduct Authority (FCA) in the UK, ensuring a secure trading environment for its clients.

Pepperstone

Pepperstone offers razor-sharp pricing with no spread accounts.

It has a robust infrastructure that provides fast execution speeds, which is crucial for scalpers and day traders.

The broker is regulated by the FCA and the Australian Securities and Investments Commission (ASIC), ensuring a high level of safety and transparency.

FBS

FBS is a popular broker offering zero spread accounts, especially favored by beginners due to its user-friendly platform and extensive educational resources.

It provides competitive commission rates and allows for trading a wide range of assets, including forex, commodities, and stocks.

FBS is regulated by the International Financial Services Commission (IFSC) and the Cyprus Securities and Exchange Commission (CySEC).

Tickmill

Tickmill is known for its low-cost trading environment, offering zero spread accounts with a commission of just $2 per side per lot.

The broker supports both MetaTrader 4 and 5 and is regulated by the FCA, CySEC, and the Seychelles Financial Services Authority (FSA).

How to choose the best zero spread broker

Selecting the right zero spread broker involves considering several factors:

Regulatory compliance

Ensure the broker is regulated by a reputable authority such as the FCA, CySEC, ASIC, or other respected regulatory bodies.

This provides a layer of security and protection for clients.

Commission structure

Review the commission rates charged by the broker.

While zero spreads can save on costs, high commission rates can offset these savings, particularly for frequent traders.

Trading platform

Evaluate the trading platform offered by the broker.

Look for platforms that provide a user-friendly interface, fast execution speeds, and a range of technical analysis tools.

Popular options include MetaTrader 4, MetaTrader 5, and cTrader.

Range of instruments

Consider the variety of financial instruments available for trading.

A broker that offers a wide range of assets, such as forex, stocks, indices, commodities, and cryptocurrencies, provides more opportunities for diversification.

Customer support

Good support is vital for a seamless trading experience.

Inquire about companies with responsive customer service available through multiple channels like live chat, email, and phone.

Comparing brokers: A detailed overview

To help readers make informed decisions, here’s a comparison of some top zero spread brokers based on various factors:

Broker	Minimum Deposit	Regulation	Platform	Commission per Lot
IC Markets	$200	ASIC, CySEC	MetaTrader 4/5, cTrader	$3.50 per side
Exness	$1	FCA, CySEC	MetaTrader 4/5	$3.50 per side
Pepperstone	$200	FCA, ASIC	MT4 & MT5, cTrader	$3.50 per side
FBS	$1	IFSC, CySEC	MT4 & MT5	$6 per side
Tickmill	$100	FCA, CySEC, FSA	MT4 & MT5	$2 per side

Understanding the commission structures

The commission is a crucial factor when choosing a zero spread broker.

Commissions can vary widely between brokerages and depend on factors like the trading volume, account type, and the instruments being traded.

Flat commission per lot

Some brokers, like IC Markets and Pepperstone, charge a flat commission per lot traded.

This is straightforward and easy to calculate, which is beneficial for those who value predictability in their trading costs.

Tiered commission structure

Other firms may offer a tiered commission structure, where the rate decreases with higher trading volumes.

This can be advantageous for institutional or high-volume traders looking to reduce costs.

Feature 1Feature 2Feature 3

Flat commission rates offer transparency and predictability in trading costs, helping clients plan their strategies more effectively.

Tiered commission structures reward high-volume trading, which can be beneficial for institutional players or those employing high-frequency strategies.

Understanding the commission structure is vital to managing overall trading costs, particularly for those who trade frequently or in large volumes.

Factors influencing spread costs and commissions

While no spread accounts eliminate the spread, there are still costs to consider:

Market volatility

During periods of high volatility, spreads may still appear even with zero spread accounts.

Investors should be prepared for potential changes in market conditions.

Account type and trading volume

Some brokers offer different account types with varying commission structures.

For example, a VIP account may offer lower commissions than a standard account but require a higher minimum deposit or trading volume.

Using raw spread accounts for different trading styles

Zero spread accounts are particularly suited for specific trading styles:

Scalping

Scalping involves making numerous trades in a short period to take advantage of small price movements.

Zero spread accounts are ideal for scalpers as they minimize trading costs.

Day trading

Day traders, who open and close trades within a single day, also benefit from raw spread accounts.

These investors can reduce their costs by not paying spreads, allowing them to make profits on even the smallest price movements.

Swing trading

While swing traders hold positions longer than scalpers or day traders, they can still benefit from zero spread accounts by avoiding wide spreads that could erode potential profits.

Best practices for trading

To maximize the benefits of trading with zero spread brokers, people should consider the following best practices:

Monitoring commission costs

Keep a close eye on commission fees and ensure they do not outweigh the savings from zero spreads.

Evaluate if the trading volume justifies the cost.

Staying updated on market conditions

Zero spreads are most beneficial when the market is stable.

Investors should be aware of news events or economic releases that could cause volatility and impact trading conditions.

Using stop-loss orders

Implementing stop-loss orders can help protect against unexpected market movements, especially in a zero spread trading environment where price changes can be swift.

Regularly reviewing broker terms

Broker terms and conditions, including commission rates and trading conditions, can change.

Regularly reviewing these terms ensures that users are always aware of any updates that might affect their trading strategy.

Comparison of market-leading zero spread brokers

The table below can be scrolled horizontally with your finger to view more details about each broker.

Broker	Commission per Lot	Execution Speed	Regulation	Account Types	Spreads	Additional Features
IC Markets	$3.50 per side	Very Fast	ASIC, CySEC	Standard, Raw Spread	From 0.0 pips	Advanced Trading Tools, Low Latency
Exness	$3.50 per side	Fast	FCA, CySEC	Standard, Professional	From 0.0 pips	Free VPS, Multi-currency Accounts
Pepperstone	$3.50 per side	Very Fast	FCA, ASIC	Standard, Razor	From 0.0 pips	Smart Trader Tools, Social Trading
Tickmill	$2 per side	Fast	FCA, CySEC, FSA	Classic, Pro, VIP	From 0.0 pips	Risk-Free Demo Account, Fixed Spreads
FBS	$6 per side	Fast	IFSC, CySEC	Standard, Cent, Zero Spread	From 0.0 pips	Promotions, Educational Resources
XM	$5 per side	Fast	CySEC, ASIC	Micro, Standard, Ultra Low	From 0.0 pips	Research Tools, Free Seminars
RoboForex	$4 per side	Moderate	IFSC	Pro, ProCent, ECN	From 0.0 pips	Copy Trading, Contests
FXOpen	$3.50 per side	Moderate	ASIC, FCA	STP, ECN, Crypto	From 0.0 pips	Crypto Accounts, PAMM Services
LiteFinance	$5 per side	Fast	IFSC	Classic, ECN	From 0.0 pips	Forex Analytics, Social Trading
eToro	No Commission	Moderate	FCA, CySEC, ASIC	Retail, Professional	Variable	Copy Trader, Crypto Wallet
Axi	$3.50 per side	Fast	ASIC, FCA	Standard, Pro	From 0.0 pips	PsyQuation, Autochartist
XTB	No Commission	Fast	FCA, CySEC	Basic, Standard, Pro	Variable	Trading Academy, Market Analysis
OctaFX	No Commission	Moderate	SVGFSA	Micro, ECN	Variable	Autochartist, Promotions
FXTM	$4 per side	Fast	FCA, CySEC	Standard, ECN, FXTM Pro	From 0.0 pips	Market Insights, Local Deposits
HYCM	$4 per side	Fast	FCA, CySEC, CIMA	Fixed, Classic, Raw	From 0.0 pips	Market Analysis, Webinars
FXCC	$2.50 per side	Fast	CySEC	Standard, ECN XL	From 0.0 pips	ECN Spreads, Free VPS
Naga	No Commission	Moderate	CySEC	Starter, Advanced, VIP	Variable	Social Trading, Free Academy
EasyMarkets	No Commission	Moderate	CySEC, ASIC	Standard, Premium, VIP	Fixed	Deal Cancellation, Free Guaranteed Stops
Admirals	$3 per side	Fast	FCA, ASIC, CySEC	Trade.MT4, Zero.MT4	From 0.0 pips	Volatility Protection, Market Analysis
GMI Markets	$3 per side	Fast	FCA, VFSCA	Standard, ECN	From 0.0 pips	Multi-Asset Trading, Tight Spreads

Conclusion

Zero spread brokers offer a unique trading environment that can be highly advantageous for certain types of users, particularly those looking to reduce trading costs and gain more transparency in their trades.

However, it’s essential to carefully evaluate each broker based on regulatory compliance, commission structures, trading platforms, and customer support.

By understanding the intricacies of zero spread accounts and selecting the right broker, traders can create a cost-effective and strategic trading plan tailored to their individual needs.

Whether one is a scalper, day trader, or swing trader, tight spread brokers provide opportunities for a more transparent and potentially more profitable trading experience.

Frequently Asked Questions

What is a zero spread broker?

A zero spread broker offers trading accounts where the spread, which is the difference between the bid and ask price, is essentially zero. These firms typically charge a commission per trade instead.

Are they better for scalping?

Yes, zero spread brokers are generally better for scalping because they reduce the cost of entering and exiting trades frequently.

How do raw spread brokers make money?

They make money by charging a commission on each trade rather than earning from the spread.

Is there any hidden cost?

While there are no hidden costs related to spreads, traders should be aware of other charges like commissions, withdrawal fees, and overnight swap fees.

Can beginners use zero spread brokers?

Yes, beginners can use them. However, they should consider the commission fees and ensure that their trading volume justifies the costs.

Are they regulated?

Reputable raw spread firms are regulated by financial authorities like the FCA, ASIC, or CySEC. Always check a broker's regulatory status before trading.

Do raw spread accounts have restrictions?

Some raw spread accounts may have restrictions, such as minimum deposit requirements or specific trading volume conditions.

User Reviews

“I’ve been using a zero spread broker for the past year, and the experience has been quite smooth. The transparency in pricing is great, and I can see exactly what I’m paying in commissions. However, the commissions can add up if you’re not careful, especially if you’re a high-frequency trader like me. But overall, it’s a great option for anyone looking to minimize costs!”

Alaric N.

“I switched to a zero spread broker a few months ago, and I couldn’t be happier. The trading platform is advanced, with all the tools I need for my technical analysis. The zero spreads are perfect for my scalping strategy. Just remember, there’s still a commission fee, but it’s a fair trade-off for the transparency and the fast execution speeds.”

Thalassa K.

“Zero spread accounts have been a game changer for me. Before, I used to get frustrated with variable spreads, especially during high volatility. Now, I know exactly what I’m dealing with. The only downside is the commission fees, but I think it’s worth it for the consistency and reliability in pricing.”

Osiris V.

“I’ve tried a couple of zero spread brokers, and while I love the idea of not worrying about spreads, you do need to pay attention to the commission fees. Some firms have lower commissions than others, so it’s worth shopping around. But overall, if you’re a trader looking for predictable costs, raw spread accounts are a good way to go.”

Eowyn L.

“As a beginner, I found these brokers quite user-friendly. The transparent pricing helps me understand my costs better, but I did notice that not all trades were exactly at zero spread during high volatility times. Still, I think it’s a good starting point for anyone new to trading.”

Caspian Y.

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Last updated: September 8, 2025

Article written, edited and reviewed by

Feng Zhou

Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

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Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

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