Finding reliable forex brokers with no spread and no commission can be challenging, as most brokers depend on spreads or commission fees to earn revenue.

 However, some brokers offer zero-spread accounts with very low commissions or unique account structures that minimize trading costs. 

These brokers provide zero-spread accounts with low commission rates or innovative account structures that offer affordable ways to trade, making it easier for traders to manage expenses. I will help you find some of the top forex brokers that balance affordability with quality service, helping you find the best option for cost-effective trading.

Forex Brokers with No Spread and No Commission

1. FBS

Zero Spread Account: FBS offers a zero-spread account where the spread is kept at 0 pips, although a fixed commission applies.

Commission: FBS charges a small commission per trade on zero-spread accounts to cover costs.

Pros: Suitable for scalpers who need precise entry points; offers a range of trading platforms (MT4, MT5).

Cons: Higher commissions may apply on zero-spread accounts compared to standard accounts.

Best For: Active traders and scalpers who need low spreads to enter and exit trades at precise price points.

2. Exness

• Zero Spread Account: Exness offers a zero-spread account on some major pairs with fixed commissions, making it easy to calculate costs.
• Commission: Commissions are low and depend on the specific account type.
• Pros: Offers excellent trading conditions and quick execution speeds with low commissions for a zero-spread account.
• Cons: Not all pairs or assets may have zero spreads.
• Best For: Traders looking for transparent pricing and low-cost trading on major pairs.

3. Tickmill

• Pro Account with Low Spreads: While Tickmill doesn’t offer a strict zero-spread account, it provides extremely low spreads (starting at 0 pips) with competitive commissions.
• Commission: Low commission rates apply, making overall trading costs very affordable.
• Pros: Regulated by top authorities (FCA, CySEC); offers excellent order execution and reliability.
• Cons: Small commission applies per trade, though it’s generally lower than most brokers.
• Best For: Experienced traders who prioritize tight spreads and low commissions for an overall low-cost trading experience.

4. RoboForex

• Prime Account: RoboForex’s Prime Account has very low spreads, starting from 0 pips, with a small commission per lot.
• Commission: The commission is relatively low, making it cost-effective for active traders.
• Pros: Known for its customer support and competitive conditions for frequent traders.
• Cons: Small commission applies per lot, though spreads remain consistently low.
• Best For: Scalpers and high-frequency traders who need tight spreads and low costs.

5. XM

• Zero Account: XM offers a Zero Account with very low spreads starting at 0 pips on major pairs with a low commission.
• Commission: XM charges a small commission per trade, which is lower than industry standards for zero-spread accounts.
• Pros: Reputable broker with fast execution speeds and various educational resources.
• Cons: Small commission fee is applied to cover costs.
• Best For: New traders or those with smaller accounts who need reliable, low-cost trading options.

6. IC Markets

• Raw Spread Account: IC Markets provides a raw spread account with spreads starting at 0 pips and low commission rates.
• Commission: Commissions are competitive and vary by account type.
• Pros: Known for ultra-fast execution speeds, regulated by ASIC, and favored by scalpers and high-frequency traders.
• Cons: Commission is charged on each trade, although it remains minimal.
• Best For: High-frequency traders and scalpers who benefit from low-cost, fast execution.

7. FXTM (ForexTime)

• Advantage Account: FXTM’s Advantage Account offers spreads starting from 0 pips with competitive commission fees.
• Commission: Commissions are low and vary based on the trading volume.
• Pros: Provides a variety of account types, excellent educational resources, and responsive customer support.
• Cons: The commission rate may increase with higher trade volumes.
• Best For: Traders who want flexible, low-cost options with excellent customer service and educational support.

8. Pepperstone

• Razor Account: Pepperstone’s Razor Account offers very low spreads starting from 0 pips with low commission fees.
• Commission: Commissions are among the most competitive in the industry.
• Pros: Regulated by FCA and ASIC, excellent execution speeds, suitable for scalping and algorithmic trading.
• Cons: Commission per trade, but overall trading costs are very low.
• Best For: Serious traders who prioritize regulatory compliance and need low-cost trading.

Things to Note Before Choosing  a Low-Cost Forex Broker

1. Compare Total Costs

When it comes to low-cost trading, make sure to look beyond the surface. Some brokers might advertise “zero spreads” to catch your attention, but they could make up for it with higher commissions on each trade.

It’s always worth doing a little math to see what each trade will actually cost you in the end. This way, you can find a broker that’s genuinely affordable and fits your budget.

2. Consider Regulation and Reputation

Choosing a regulated broker is a smart way to protect your money. Look for brokers overseen by respected authorities like the FCA (Financial Conduct Authority), ASIC (Australian Securities and Investments Commission), or CySEC (Cyprus Securities and Exchange Commission).

These regulators hold brokers to high standards, offering an extra layer of safety and ensuring your funds are well-handled.

3. Check Platform Features

A broker’s platform is your main tool, so make sure it suits your trading style. Look for features like fast order execution, responsive customer support, and a good range of tools for analysis and strategy.

These can make a real difference in your experience and help you get the most out of your trades, whether you’re just starting out or trading actively every day.

4. Demo Test First

Before putting real money on the line, take advantage of the broker’s demo account. This allows you to get a feel for how the platform works testing its pricing accuracy, stability, and how quickly your orders are executed.

Using the demo account gives you a hands-on way to see if the platform meets your needs without any financial risk. It’s a great first step to ensure you’re comfortable and confident with the broker’s services before fully diving in.

Frequently Asked Questions

1. What are the benefits of using a zero-spread account for forex trading?

Zero-spread accounts allow traders to enter and exit positions at exact price levels, which is particularly useful for scalpers and high-frequency traders who need precision.

They also make it easier to calculate trading costs upfront, as there is no variability in spread.

However, these accounts usually come with a fixed commission to cover broker costs, so it’s essential to factor that into the overall expense.

2. How do zero-spread accounts compare to standard accounts in terms of overall cost?

While zero-spread accounts eliminate the spread, they usually have a fixed commission per trade, whereas standard accounts might have variable spreads without additional commissions.

Zero-spread accounts can be more cost-effective for active traders or those who trade in high volumes, as they provide more predictable costs.

For infrequent traders, a standard account might be more cost-effective, as commissions on each trade can add up.

3. Are zero-spread and no-commission accounts suitable for beginner traders?

Zero-spread accounts can benefit beginners by offering clear and predictable costs.

However, beginners should be cautious with no-spread accounts, as the commission fees per trade could still add up if they aren’t managing their trades carefully.

Many new traders prefer starting with standard accounts to focus on learning and strategy before moving to a zero-spread account for cost optimization.