10 Forex Brokers with ZERO (no) Spreads | Comparison 2022
The 10 best Forex Broker with Zero (no) Spread accounts.
Do you want to pay fewer trading fees when investing in currency pairs? – Then you should choose zero or forex.pm no spread Forex Broker. On this page, we will show you the top 10 companies which are offering trading with starting pips at 0.1. Trading fees can be very expensive when you are doing scalping or high-volume trading. By choosing one of our recommended Forex Brokers you can save a lot of money. In addition, we will provide you detailed information about zero spread trading.
See the list of the 10 best zero spread brokers here:
Save trading fees by using a low spread Forex Broker.
Overall, we tested more than 50 Forex Brokers in 9 years of trading time and trading fees are very important to check. Most brokers are offering spread-based account types and a few are offering a zero spread account in addition. Sometimes you can switch between a spread or a zero spread account. If you do a calculation between these two account types you will always see that the zero (no) spread account is cheaper for you. Less trading fees will bring you a higher profit.
Comparison between a spread and zero (no) spread account:
For example, you want to trade 1 lot with the EUR/USD asset. On the spread account, you got a 1.0 pip spread. The pip value is $10. That means you are paying a fee of $10 by opening and closing the trade. The value of the fees is depending on the asset.
Spread account: 1 lot EUR/USD with 1.0 pip spread = $10 spread fee.
On a zero (no) spread account you are paying most of the time $3.5 per 1 lot trading (commission)
Zero spread account: 1 lot EUR/USD with 0.0 pip spread = $3.5 spread fee.
In conclusion, the zero spread account is 65% – 50% cheaper than a normal spread account. So you should definitely use a zero spread account to pay fewer fees.
Advantage of a 0.0 pip account:
The calculation above shows us that a zero spread account is cheaper than other accounts. That is the main reason why you should use it. In addition, it is better for certain strategies like scalping where traders only trade small trading movements. The real market prices are traded by the broker. Overall, trading with a 0.0 pip account is more transparent.
Payless trading fees Better trade execution Real market prices Transparent trading Best for scalping.
Disadvantages of a 0.0 pip account:
There is only one disadvantage of a 0.0 pip account. Some Forex Brokers got no negative balance protection. Forex Trading is leveraged trading which implies high risk. There are some market situations where the broker can not close your position (big news event overnight). If you got bad luck and you are trading with a too big trading volume your account balance can become negative. But this is nearly impossible.
Our values to find a good online partner.
For traders, it is hard to find a reliable and trusted online forex broker. As experienced traders, we know how to check a partner by certain criteria. Before signing up with a forex broker you should check the homepage to find important information to avoid fraud. There are some fake brokers who are scamming clients all over the world. That should not happen to you so definitely check the regulation of the company. A regulated forex broker is showing the license and regulation on the webpage.
In the following list and video, you will find our full criteria and comparison to find a reliable partner to trade forex. Regulation, the security of funds, and trade execution are very important to us and these are the key factors to trade like a professional.
