Trading Forex without spreads offers an opportunity to know your entry and exit levels precisely. It also allows calculating the non-loss expenses of trading beforehand. Spreadless accounts can be critical for execution of some strategies that require the same Ask and Bid prices in the quote. Not many brokers offer accounts without spreads, but those who do can usually be compared by commission (or fee) they charge per execution of 1 standard lot. Traders should favor brokers with lowest commission. Unfortunately, such brokers also have high minimum account size associated with no-spread accounts. Also, some brokers provide access to special currency pairs without spreads alongside the same traditional currency pairs with spread. The commission is then charged only on non-spread trading in that account. The following is the list of brokers that offer zero spread trading. You will find 22 brokers listed in the table below.
|Forex Broker||Min. Account Size||Broker Rating||Min. Position Size||Payment||Max. Leverage||Serious Regulation||Commission||US|
|Gerchik & Co||$1,000||-||0.1||1:100||$7|
Although paying commission might not look like a great idea, there some good reasons to trade Forex without spreads: