Best Zero Spread Broker

Best Zero Spread Broker

Zero Spread Brokers - Factors Associated With Zero Spreads

Some brokers offer spreads from 0. These are typically for the most liquid Forex pairs, in particular EUR/USD. What this typically means is that the variable spread for EUR/USD can go as low as zero, but can range higher as well. However generally brokers which offer spreads from zero also charge a commission charge in addition to the spread, for example .35 pips per lot per side. Thus even a zero spread trade would cost 0 + 0.35 pips per side, thus .7 pips from open to close of the trade (per side means open and close considered separately), in this example trade. However this can still be very competitive, if the spread is zero.

However if the spread increases from zero, then the cost can be higher. This is why trading with a zero spread broker with a commission charge is not necessarily cheaper that trading with a broker which does not charge commissions but can also offer low spreads. This is also why a trader may wish to consider a broker which offers fixed spreads, with no commission charge. There are some brokers which offer fixed spreads from 0, without a commission charge, but in general these tend to require a high account balance.

Best Zero Spread Broker

The pick is IronFX. This is because IronFX provides a Zero Fixed Spread Account, which offers Fixed spreads from 0 (which can widen after hours) plus a commission charge. The minimum deposit for this account is $500. IronFX is an MT4 (MetaTrader 4) broker, which supports social and copy trading via Myfxbook autoTrade as well as trading with robots. It offers 200+ markets to trade covering Forex, Indices, Energy, Metals, Soft Commodities, Stocks and Cryptocurrency CFDs. Maximum leverage for this account is 500:1 (increasing leverage increases risk). IronFX also has Micro, Premium and VIP accounts, which can offer leverage up to 1000:1 and STP/ECN accounts with leverage up to 200:1. The trader may sign up below for a trading account at IronFX Bermuda.

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