When you use a zero-spread account, there will be little to no difference between the bid and ask prices of interbank quotes. In this article, we review the 15 Best Zero-Spread Forex Brokers and give you an honest review of their features and the pros and cons of trading with them.
Most brokers who offer spreads from 0 pips will either charge a fixed commission fee to give you the lowest possible spreads, or they will require a higher minimum deposit to use their zero-spread account(s).
Zero-spread accounts are not necessarily beginner-friendly, so we recommend opening an account with one of these brokers if you are an active or high-volume trader, a Scalper or if you trade with Expert Advisors.
We do not recommend using zero-spread accounts if you are a beginner because the trading costs may be higher on these account types, so these accounts are more suitable for experienced traders with more trading capital.
When the spreads stay low, it is easier to make predictions and develop strategies to make profits because the spreads are not changing all the time.
In most cases, you will find zero-spread accounts either with STP and ECN brokers, or with brokers who offer STP and ECN accounts.
HFM (HotForex)
Overall Rating USD 5 FCA, FSA, FSCA, DFSA, CySEC, FSC 📱 Platfoms MT4, MT5 ₿ Crypto No 💵 Account Currency USD, ZAR, USD, NGN Yes 1:1000 🛒 Instruments Forex, Metals, Energies, Indices, Shares, Commodities, Bonds, Stocks, ETFs 🏛️ Visit Broker
4.2/5
Minimum Deposit
Regulators
Islamic Account
Leverage
HFM is a highly credible STP and ECN Forex broker that is regulated by FSA, FSCA, DFSA and FCA.
HFM is a great option for traders on a budget as no account fees are charged and withdrawals and deposits are free.
HFM clients can use 38 customizable indicators on the web trading platform, along with 100 charts and access to accurate historical trading data.
HFM also provides updated market news and insights and supports Copy trading.
HFM Pros and Cons:
| ✔️Pros | ❌Cons |
| 5 account types offered | Trading fees are high |
| Highly regulated | Penalty fees for inactivity |
| 18 trading tools provided | |
| Negative Balance Protection |
BDSwiss
USD 200 CySec, FSC, FSA, BaFin, NFA 📱 Platforms MT4, MT5, BDSwiss app Yes 💵 Account Currency EUR, USD, GBP, PLN, CHF, SEK, DKK, NOK Yes 1:500 🛒 Instruments Forex, Commodities, Shares, Indices, CryptocurrenciesMinimum Deposit Regulators Islamic Account Leverage
BDSwiss was founded in 2012 and is a trusted, award-winning ECN and STP Forex broker that is regulated by CySEC, FSC and FSA.
BDSwiss gives its clients access to high liquidity markets and more than 250 tradable instruments, and has reported a monthly trading volume exceeding $84 billion.
BDSwiss provides educational content through the special trading academy that was design specifically for beginners, and experienced traders have access to a variety of research and analysis tools.
BDSwiss Pros and Cons:
| ✔️Pros | ❌Cons |
| Zero-commission accounts | No fixed spreads |
| AutoChartist on all accounts | Not available to US citizens |
| Instant withdrawals | |
| Trading alerts provided daily |
FXTM
Overall Rating USD 10 CySEC, FCA, FSC 📱 Platforms MT4, MT5, FXTM Trader ₿ Crypto No 💵 Account Currency USD, EUR, GBP, NGN Yes 1:2000 🛒 Instruments Metals, Stocks, CFDs, Indices, Forex, Commodities 🏛️ Visit Broker
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
FXTM is a regulated and licensed broker that has been in the online trading industry since 2011, earning the trust of over 2 million traders since its inception.
FXTM offers three account types, tailored to the needs of different trading requirements, along with flexible leverage and tight spreads on all accounts.
FXTM provides trading solutions to clients in more than 100 countries and facilitates Copy Trading, with over 5,000 strategies to choose from.
FXTM provides a variety of trading and research tools, along with a comprehensive library of educational content for new traders or experienced traders who would like to refine their skills.
FXTM Pros and Cons:
| ✔️Pros | ❌Cons |
| Tight spreads | No US clients allowed |
| Fast trade execution | Penalty fees for inactive users |
| Option to start trading with $10 |
Axiory
USD 0 IFSC, MFSC, FCA 📱 Platforms MT4, MT5, cTrader, Axiory CopyTrade App ₿ Crypto No 💵 Account Currency EUR, USD Yes 1:777 🛒 Instruments Forex, Gold, Metals, Energies, Oil, CFD indices, CFD stocks, ETFs 🏛️ Visit BrokerMinimum Deposit Regulators Islamic Account Leverage
In 2011, Axiory established itself as an STP and ECN Forex broker that offers an exceptional variety of trading and risk management tools, along with statistical and analytical market data.
Axiory provides access to Autochartist, which enables the customization of indicators and facilitates trading with Expert Advisors.
Axiory traders can choose from 5 types of accounts that can be used on 3 popular platforms.
Each account type offers tight spreads, low minimum deposit requirements and the option to convert to an Islamic account.
Axiory Pros and Cons:
| ✔️Pros | ❌Cons |
| Negative balance protection | Onl 2 base currencies |
| Low minimum deposit | Not available to US clients |
| Multiple account types | No crypto trading |
| Hedging allowed | |
| No inactivity fees |
Eightcap
Overall Rating USD 100 ASIC, SCB 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency AUD, USD, EUR, GBP, NZD, CAD, SGD No 1:500 (ASIC) 🛒 Instruments Forex, Commodities, Indices, Shares, Crypto 🏛️ Visit Broker
3.2/5
Minimum Deposit Regulators Islamic Account Leverage
1:30 (SCB)
Eightcap was established in 2009 as an Australian broker that is regulated by VFSC and ASIC.
Eightcap offers 2 account types that support Expert Advisors and Scalping, and there is also a zero-commission account.
Customer support is provided in multiple international languages and new traders have access to a variety of educational content, including trading strategies, platform guides and analysis tools.
Eightcap Pros and Cons:
| ✔️Pros | ❌Cons |
| Tight spreads | Only 2 account types |
| 7 account currencies supported | Limited product offering |
| Fast trade execution |
Avatrade
USD 100 MiFID, FSA, ASIC, BVI, FFAJ, FSCA, ADMG, FRSA 📱 Platforms MetaTrader 4, MetaTrader 5 ₿ Crypto Yes 💵 Account Currency AUD, EUR, USD, GBP, CHF Yes 1:400 🛒 Instruments Forex, Bonds, Stocks, Commodities, ETFs, Indices, Crypto 🏛️ Visit BrokerMinimum Deposit Regulators Islamic Account Leverage
Since 2006, AvaTrade has accumulated over 200,000 active traders from around the world and has recorded a monthly trading transaction volume of 2 million.
AvaTrade provides a user-friendly mobile trading platform and a great selection of educational content, including videos, tutorials and eBooks.
AvaTrade offers a variety of proprietary platforms, along with AvaSocial and AvaOptions.
AvaTrade is regulated in more than 5 jurisdictions by 7 internationally recognised financial bodies.
AvaTrade Pros and Cons:
| ✔️Pros | ❌Cons |
| Quick and easy to open an account | Service not offered to US |
| Deposits and withdrawals are free | Telephonic customer support seems lacking |
| Great educational materials | US citizens cannot use AvaTrade |
| Highly regulated |
Blackbull Markets
Overall Rating USD 0 FMA 📱 Platforms MT4, MT5 ₿ Crypto No 💵 Account Currency USD, EUR, GBP, AUD, NZD, SGD, CAD, JPY, ZAR Yes 1:500 🛒 Instruments 26,000+ Forex, Indices, Commodities, Metals, Energy 🏛️ Visit Broker Blackbull markets
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
Blackbull Markets was launched in 2014 as an STP and ECN Forex broker, with its headquarters in New Zealand.
Blackbull Markets offers flexible account types, including an Islamic ECN account, and all accounts have tight spreads.
There is also an account for active, high-volume traders, as well as an institutional account for corporate traders.
Blackbull Markets accommodates clients who prefer algorithmic trading methods and offers reliable, secure VPS servers.
Blackbull Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| Zero-commission accounts provided | Not available to US clients |
| Tight spreads | No accounts have fixed spreads |
| Variety of tradable instruments | |
| Multiple account types |
IC Markets
Overall Rating USD 200 FSA, CySEC, ASIC 📱 Platforms MT4, MT5, cTrader ₿ Crypto Yes 💵 Account Currency AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF Yes 1:500 🛒 Instruments Stocks, Commodities, Indices, Forex, Bonds, Crypto, Futures 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account Leverage
IC Markets was founded in 2007 and has established itself as one of the most popular ECN brokers in the world.
IC Markets is regulated by FSA, CySEC and ASIC, and offers 3 account types with tight spreads.
The accounts offered by IC Markets can be used as Islamic accounts and are suitable for all styles of trading, including Day trading, Scalping, Expert Advisors and retail trading.
IC Markets provides a variety of trading tools, such as alarm managers, stealth orders, trading terminals, and session matrices and maps.
IC Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| Multiple accounts offered | Not available to US citizens |
| Secure VPS server | No investor protection for non-EU clients |
| 10 base currencies supported |
Blueberry Markets
Overall Rating USD 100 ASIC, SCB 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency AUD, EUR, USD, GBP, CHF No 1:500 🛒 Instruments 300+ Forex, Shares, Crypto, Commodities, Indices 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
Blueberry Markets was founded in 2016 by Dean Hyde, the former executive of AxiTrader, and is regulated by the ASIC and SCB.
Blueberry Markets offers 2 account types with tight spreads and more than 300 tradable instruments.
The Blueberry Markets referral program rewards existing clients with $100 for every friend that joins and provides a free Forex VPS to improve user experience.
Blueberry Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| Free VPS | |
| 6 base currencies | No Islamic account |
| No withdrawal fees |
FxPro
Overall Rating USD 100 FCA, CySEC, FSCA 📱 Platforms FxPro platform, cTrader, MT4, MT5 Yes 💵 Account Currency EUR, USD, GBP, CHF, PLN, AUD, JPY, ZAR Yes 📊 Leverage 1:200 🛒 Instruments Forex, Metals, Indices, Shares, Energies
4.6/5
Minimum Deposit Regulators Islamic Account
FxPro is amongst the leaders in the Forex industry, with nearly 2 million trading accounts opened since its inception in 2006.
FxPro is regulated by CySEC, FCA, FCA and SCB, and its headquarters are based in the UK.
FxPro offers a single account that supports multiple base currencies and which can be used as a swap-free account, a demo account or a micro account.
FxPro provides a platform where more than 260 instruments across 6 asset classes can be traded, and a live account can be activated with only $100.
FxPro Pros and Cons:
| ✔️Pros | ❌Cons |
| Highly regulated | Only 1 account type offered |
| 8 Base currencies | Inactivity fee charged |
| Supports Copy trading and Social trading |
LiteFinance
Overall Rating USD 50 CySEC 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency USD, EUR, MBT, USD, EUR, MBT Yes 1:1000 🛒 Instruments Forex, Metals, Oil, Stocks, NASDAQ CFDs, NYSE CFDs, Crypto 🏛️ Visit Broker
4.2/5
Minimum Deposit Regulators Islamic Account Leverage
LiteFinance was established in 2005 as a Forex and ECN broker and has earned the trust of nearly half a million traders.
LiteFinance is regulated by CySEC and MIBS, and all trading accounts are designed according to the needs of beginners, retail traders, investors and partners.
Traders can choose from 2 Forex trading accounts, namely the ECN account and the Classic account, and both accounts offer tight, variable spreads.
LiteFinance provides a comprehensive library of educational content and the website is available in 15 languages.
LiteFinance offers a welcome bonus for new clients, along with 100% Forex deposit bonuses.
LiteFinance Pros and Cons:
| ✔️Pros | ❌Cons |
| Facilitates Social trading | No fixed spreads on Forex accounts |
| Provides expert analyses | Lacking regulation |
| Reasonably low minimum deposit | |
| Beginner-friendly |
TIO Markets
Overall Rating USD 50 FCA 📱 Platforms MT4, MT5 ₿ Crypto No 💵 Account Currency USD, GBP, EUR, CAD, AUD, CZK, ZAR, BTC, ETH, UST Yes 1:500 🛒 Instruments Forex, Stocks, Energies, Indices, Metals 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
TIO Markets is an FCA-regulated Forex broker that was founded in 2019 and registered in the UK.
TIO Markets offers a multilingual website with a responsive customer services team that can be reached via email, telephone and live chat.
TIO Markets offers 3 types of trading accounts include risk-free demo accounts and access to more than 120 tradable instruments.
TIO Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| No fees on deposits and withdrawals | No Islamic accounts |
| Allows EA and automated trading | Not available to US citizens |
| 120 currency pairs | |
| Fixed spreads |
Just2Trade
Overall Rating USD 100 CySEC 📱 Platforms MT4, MT5, CQG, Sterling Trader Pro ₿ Crypto No 💵 Account Currency USD, EUR Yes 1:30 🛒 Instruments 30,000+ Forex, Stocks, Futures, CFDs, Bonds 🏛️ Visit Broker
4.0/5
Minimum Deposit Regulators Islamic Account Leverage
Just2Trade was founded in 2007 and has more than 155,000 clients who have access to over 30,000 tradable instruments across 5 asset classes in 20 global markets.
Just2Trade is regulated by CySEC with its headquarters based in Cyprus and was recently awarded for having the best partnership program and for being the best multi-asset broker.
Just2Trade is compatible with several platforms, including MetaTrader 4 and 5, CQG, ROX and Sterling Trader Pro.
Just2Trade provides traders with a variety of trading tools, such as Trading Central, economic calendars, market news and subscriptions to research notes.
Just2Trade has an incredible product portfolio that greatly exceeds that of any other broker, offering more than 30,000 stocks, over 90,000 options and approximately 5,000 futures.
Just2Trade Pros and Cons:
| ✔️Pros | ❌Cons |
| Great product offering | Only 2 base currencies |
| Tight spreads | No US clients |
| Available to 130 countries | No fixed spreads |
| Negative Balance Protection |
OctaFX
Overall Rating USD 100 FSA, SVGFSA 📱 Platforms MT4, MT5, OctaFX app ₿ Crypto Yes 💵 Account Currency EUR, USD Yes 1:500 🛒 Instruments Forex, CFDs, Stocks, Commodities, Cryptocurrencies 🏛️ Visit Broker
3.7/5
Minimum Deposit Regulators Islamic Account Leverage
OctaFX is a beginner-friendly Forex broker that is compatible with the MetaTrader platforms and cTrader, and is trusted by more than 300,000 traders worldwide.
OctaFX is regulated by FSA and offers swap-free accounts and demo accounts, as well as 3 flexible trading accounts that have tight spreads.
OctaFX allows scalping and hedging and traders can use Expert Advisors and Autochartists.
OctaFX Pros and Cons:
| ✔️Pros | ❌Cons |
| Low minimum deposit | Limited product offering |
| Tight spreads | Only 2 base currencies accepted |
| CopyTrader-friendly | |
| Compatible with popular platforms |
GO Markets
Overall Rating USD 200 FSC, ASIC, AFSL 📱 Platforms MT4, MT5, GO Webtrader Yes 💵 Account Currency AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD No 1:500 🛒 Instruments Forex, Shares, Indices, Metals, Commodities
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
GO Markets is a highly regulated CFD and Forex broker that was founded in 2006 in Australia.
GO Markets has been awarded several times for exceptional customer services, high-quality educational content and for the accounts offered to its clients.
GO Markets offers more than 600 tradable assets and clients can choose from two account types that allow scalping and hedging, and offer low spreads.
GO Markets is an excellent option for investors seeking partnership opportunities and beginners will find a comprehensive library of educational material on the website.
GO Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| Great educational content | No Islamic account |
| Beginner-friendly | Penalty fee for inactivity after 3 months |
| More than 5 base currencies supported |
Conclusion
Brokers that offer zero-spread accounts are usually the best option for active traders and Scalpers. If you trade in high volumes, some brokers will reduce your trading costs or give you the lowest spreads and if you are a Scalper then it will be much easier to refine your strategies if spreads stay the same.
Most brokers will usually charge a fixed commission fee to let you use their zero-spread account(s) or a higher minimum deposit will be required. In some cases, these account types are only available on VIP accounts.
The broker you choose will depend on your trading style, your strategy and your trading capital.
If you’ll be leveraging your trades, we recommend checking out our lowest leverage brokers and highest leverage brokers because trading with 0 pips will be the safest way to leverage your trades.
We hope that this review of the 15 Best Zero-Spread Forex Brokers will help you find a trader that aligns with your trading goals.
Good luck with your trading!
Disclaimer
Remember, 75% of retail investors lose money when trading CFDs and there is a high risk of losing your capital in the forex markets.
The information on this website is in no way intended to be used as financial advice and opening an account with any broker is done at your own discretion and risk.
