When trading Forex or scalping, it is very important to choose a Low Spread Forex Broker or a Zero Spread Account. Over time, if you pay less, your trading costs will decrease, especially if you trade a lot. We made this list of the best brokers with no spread to make things easier for you. We found licensed, reputable brokers who we could trust.
Who Has the Lowest Spread in 2022?
Based on the research, here are the best forex brokers with lowest spreads.
- AvaTrade
- Low Spreads That Are Fixed Pepperstone is the forex broker with the lowest spreads overall. IC Markets is the forex broker with the lowest raw spreads.
- Forex Broker FP Markets
- Low Spreads that are very competitive Broker FXTM
- High Leverage, Narrow Spreads Forex.com – Best Execution Low Spread Forex Broker
- Great Forex Copy Trading Broker eToro Broker
- IG Broker No Commission, Broker
- Fusion Markets is a forex broker with low fees.
- FxPro lets you trade Forex without a spread.
The Pros And Cons Of Swissquote
Swissquote gives you access to a lot of different markets all over the world. There is no fee for not using it. As a Swiss public broker with a background in banking, Swissquote has a good safety record.
The fees at Swissquote are high. It has a lot of different trading platforms, and some of the tools you can use to make research cost money.
Pros:
- You can access a wide range of markets and products
- There’s no charge for inactivity,
- The company has a solid history.
Cons:
- Trading fees are high, and
- Choosing a trading platform can be hard.
- Some tools for research are not free.
What Do Brokers Who Have Low Spreads Or None At All Do?
The forex brokers with the lowest spreads or no spreads offer their services. As forex brokers compete for new clients, trading costs have decreased lately. As an added benefit, many companies offer zero spreads, but it’s important to read the fine print before choosing a broker. Read on, and our guide with Swissquote review will tell you everything you need to know.
What Are The Lowest Spread?
The lowest spread for the EURUSD pair is between 0.1 and 0.9 pip. There are no fees for this spread. But it would help if you double-checked all costs, like overnight, commissions, non-trading, deposit or withdrawal fees, and inactivity fees.
Pepperstone: Accounts With The Lowest Spreads And The Best Overall
Overall, we think Pepperstone is the best Forex broker because it has the tightest spreads and doesn’t charge any fees. Their Standard Account has low average spreads that start at 0.6 pip for the EUR/USD pair and no trading fees. Spreads on their Razor account range from 0 to 0.3 pips, plus EUR 5.23 per round turn for every 100k traded.
Fast Information About Pepperstone
Pepperstone is a safe and reliable FX trading platform that many worldwide traders use. Pipestone has fast execution times on the well-known Metatrader 4, Metatrader 5, and cTrader platforms. Their customer service is some of the best in the business.
Pepperstone gives you two different kinds of accounts. The Razor account and the Standard account. The Standard account is great if you only trade sometimes and don’t want to pay commissions. Pepperstone stands out from its competitors because it offers competitive spreads for traditional and ECN accounts.
If you trade often and want to take advantage of competitive spreads, their Razor account is a great choice.
AvaTrade
AvaTrade is a great broker for people who trade often. They offer fixed spreads of 0.9 pips that are competitive and don’t charge fees. AvaTrade requires a $100 minimum deposit to start an account. They offer access to the MT4 and MT5 platforms and their platforms. The problem is that they cost more than usual to do nothing.
Finally, FP Markets
First Prudential (FP) Markets is also a great choice. They are a reliable forex broker with good rules. They always offer reasonable spreads ranging from 0 pip to 0.45 pip on average. It provides you access to a wide range of third-party platforms and many learning materials.
US citizens can’t use FP Markets, which is a shame.
IC Markets
With an average spread of 0.1 pip, IC Markets has one of the best spreads on our list. Scalpers and traders who trade automatically use IC Markets because it quickly executes orders. There are not any fees for making deposits or withdrawals on IC Markets. Customers can also use platforms like cTrader and MetaTrader, which are very good. The IC Markets Raw Spread Account has neither spread nor commissions.
A downside is that you must spend a lot of money to open an account.
