Forex Brokers with Zero Spreads
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 6 brokers listed in the table below.
Although paying commission might not look like a great idea, there some good reasons to trade Forex without spreads:
- Unlike low spread brokers, zero spread brokers completely eliminate the factor of Ask/Bid difference from trading. It means that you will not encounter any spread widening.
- Going with a low-fee zero spread broker can be much cheaper than trading with spreads, especially if the said broker offers a regressive commission scale based on the volume.
- The concept of commission-based trading is closer to your mindset than that of the spread-based trading.
- You want your charts to display all the correct price levels no matter if you buy or sell.