Best Zero Spread Forex Brokers 2026

Every broker here offers a raw-spread or zero-spread account with near-zero pricing on majors — but real value comes from the combined all-in cost after commission.

Updated October 2026Every broker in our database Editorially independent
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How We Rank Brokers

No broker offers truly free trading. "Zero spread" means raw interbank pricing plus a separate commission — typically $3–$7 per $100k standard lot round-turn. The all-in cost is what matters.

Raw Spread (40%)

Typical raw spread on EUR/USD during peak liquidity

Commission Structure (30%)

Round-turn commission per standard lot, volume tiers

Execution Quality (15%)

Fill speed and slippage on raw-spread account

Regulation (10%)

Tier-1 licensing and fund segregation

Support & Service (5%)

Customer service responsiveness

Top 10 Forex Brokers

Ranked on the factors above — this order reflects fit for this specific use case, not overall broker quality. The rating shown on each card is our general assessment, which is why a lower-rated broker can rank higher here.

#1

Fusion Markets

4.1
★★★★
ASIC
Overall rating
4.1
EUR/USD
0.91
Min Deposit
$0
Platforms
MetaTrader 4 · MetaTrader 5 · cTrader
Regulation
ASIC, VFSC, FSA (Seychelles)
Founded
2017
Why Fusion Markets ranks here

Holds 1 tier-1 licence (ASIC). Operating since 2017. EUR/USD averages 0.91 pips.

#2

IC Markets

4.3
★★★★½
ASIC
Overall rating
4.3
EUR/USD
0.88
Min Deposit
$200
Platforms
MetaTrader 4 · MetaTrader 5 · cTrader
Regulation
ASIC, CySEC, FSA (Seychelles)
Founded
2007
Why IC Markets ranks here

Holds 1 tier-1 licence (ASIC). Operating since 2007. EUR/USD averages 0.88 pips.

#3

FP Markets

4.3
★★★★½
ASIC
Overall rating
4.3
EUR/USD
1.16
Min Deposit
$100
Platforms
MetaTrader 4 · MetaTrader 5 · cTrader
Regulation
ASIC, CySEC, FSCA
Founded
2005
Why FP Markets ranks here

Holds 1 tier-1 licence (ASIC). Operating since 2005. EUR/USD averages 1.16 pips.

#4

Pepperstone

4.2
★★★★
ASICFCABaFin
Overall rating
4.2
EUR/USD
1.07
Min Deposit
$0
Platforms
MetaTrader 4 · MetaTrader 5 · cTrader
Regulation
ASIC, CySEC, FCA
Founded
2010
Why Pepperstone ranks here

Holds 3 tier-1 licences (ASIC, FCA, BaFin). Operating since 2010. EUR/USD averages 1.07 pips.

#5

Exness

4
★★★★
FCA
Overall rating
4
EUR/USD
0.84
Min Deposit
$10
Platforms
MetaTrader 4 · MetaTrader 5 · Exness Terminal
Regulation
FCA, CySEC, FSCA
Founded
2008
Why Exness ranks here

Holds 1 tier-1 licence (FCA). Operating since 2008. EUR/USD averages 0.84 pips.

#6

HFM

4
★★★★
FCA
Overall rating
4
EUR/USD
0.63
Min Deposit
$0
Platforms
MetaTrader 4 · MetaTrader 5 · HFM Platform
Regulation
FCA, CySEC, DFSA
Founded
2010
Why HFM ranks here

Holds 1 tier-1 licence (FCA). Operating since 2010. EUR/USD averages 0.63 pips.

#7

XM Global

3.1
★★★
ASIC
Overall rating
3.1
EUR/USD
1.1
Min Deposit
$5
Platforms
MetaTrader 4 · MetaTrader 5 · WebTrader
Regulation
CySEC, ASIC
Founded
2009
Why XM Global ranks here

Holds 1 tier-1 licence (ASIC). Operating since 2009. EUR/USD averages 1.1 pips.

#8

FBS

3.5
★★★½
ASIC
Overall rating
3.5
EUR/USD
0.94
Min Deposit
$5
Platforms
MetaTrader 4 · MetaTrader 5 · FBS Trader
Regulation
CySEC, ASIC, IFSC (Belize)
Founded
2009
Why FBS ranks here

Holds 1 tier-1 licence (ASIC). Operating since 2009. EUR/USD averages 0.94 pips.

#9

Tickmill

3.5
★★★½
FCA
Overall rating
3.5
EUR/USD
1.66
Min Deposit
$100
Platforms
MetaTrader 4 · MetaTrader 5 · TradingView
Regulation
FCA, CySEC, FSCA
Founded
2014
Why Tickmill ranks here

Holds 1 tier-1 licence (FCA). Operating since 2014. EUR/USD averages 1.66 pips.

#10

BlackBull Markets

4.2
★★★★
FMA
Overall rating
4.2
EUR/USD
0.82
Min Deposit
$0
Platforms
MetaTrader 4 · MetaTrader 5 · cTrader
Regulation
FMA, FSA (Seychelles)
Founded
2014
Why BlackBull Markets ranks here

Holds 1 tier-1 licence (FMA). Operating since 2014. EUR/USD averages 0.82 pips.

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Frequently Asked Questions

Common questions about choosing a zero spread forex broker

Do 'zero spread' brokers actually offer 0.0 pips on every trade?
Zero or near-zero spread pricing is advertised for specific accounts (usually called 'Raw', 'ECN', or 'Zero') and specific major pairs (typically EUR/USD, GBP/USD, USD/JPY). During deep liquidity periods like London-New York overlap, EUR/USD can indeed print 0.0 pips on these accounts. But raw-spread brokers charge a separate round-turn commission — typically $3–$7 per $100k lot — so the all-in cost is never actually zero.
How do zero-spread brokers make money if spreads are zero?
Three revenue streams: (1) commissions on every trade, (2) overnight swap/rollover charges on positions held past end-of-day, and (3) markup on non-major pairs where the 'zero spread' marketing doesn't apply. Well-run raw-spread brokers also earn a small margin from the flow itself — aggregating order flow to liquidity providers and receiving small rebates.
Is a zero-spread account better than a standard-spread account?
For active traders — day traders, scalpers, algorithmic systems — yes, almost always. The math: if you trade EUR/USD and a standard account charges 1.0 pip spread while a zero-spread account charges 0.2 pip spread plus $6 round-turn commission (= 0.6 pip cost), the zero-spread account saves 0.4 pip per trade. Over 500 trades a month, that's a meaningful sum. For infrequent traders, the difference is negligible.
What's the real 'all-in cost' to compare zero-spread accounts?
Add the typical raw spread to the commission-per-pip-equivalent. A $6 round-turn commission on a standard $100k lot equates to 0.6 pips (since a 1-pip move on $100k = $10). So a broker offering 0.1 pip raw spread + $6 commission has a 0.7-pip all-in cost. Compare that number, not the advertised spread alone.

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