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 Zero Spread Forex Brokers
Ranked by typical raw EUR/USD spread plus commission converted to pips. Lower combined cost ranks higher.
Fusion Markets
Fusion Markets is a ASIC-regulated broker launched in 2017. With no minimum deposit and tight raw pricing with transparent commissions, it suits traders who prioritise minimizing spread costs at the execution level.
FP Markets
Headquartered in Sydney, Australia, FP Markets offers a raw-spread account with near-zero pricing on major pairs. Expect typical raw spread of 0.1 pips plus $6.0 round-turn commission — competitive for this category.
MultiBank
MultiBank offers a raw-spread account with near-zero pricing on major pairs. The broker is notable for operating since 2005 (21 years), regulated by ASIC and BaFin — factors that matter to traders looking at minimizing spread costs at the execution level.
Vantage
Founded in 2009 and regulated by ASIC and FCA, Vantage provides a raw-spread account option. The broker offers typical raw spread of 0.0 pips plus $6.0 round-turn commission, placing it among the more competitively-priced options on this list.
IC Markets
IC Markets is a ASIC and CySEC-regulated broker founded in 2007. With a $200.0 minimum deposit and tight raw pricing with transparent commissions, it suits traders who prioritise minimizing spread costs at the execution level.
Pepperstone
Headquartered in Melbourne, Australia, Pepperstone offers a raw-spread account with near-zero pricing on major pairs. Expect typical raw spread of 0.1 pips plus $7.0 round-turn commission — competitive for this category.
AAAFX
AAAFX offers a raw-spread account with near-zero pricing on major pairs. The broker is notable for founded in 2007, regulated by HCMC — factors that matter to traders looking at minimizing spread costs at the execution level.
Ultima Markets
Founded in 2016 and regulated by FSC (Mauritius), Ultima Markets provides a raw-spread account option. The broker offers typical raw spread of 0.0 pips plus $5.0 round-turn commission, placing it among the more competitively-priced options on this list.
Tickmill
Tickmill is a FCA and CySEC-regulated broker founded in 2014. With a $100.0 minimum deposit and tight raw pricing with transparent commissions, it suits traders who prioritise minimizing spread costs at the execution level.
Eightcap
Headquartered in Melbourne, Australia, Eightcap offers a raw-spread account with near-zero pricing on major pairs. Expect typical raw spread of 0.0 pips plus $7.0 round-turn commission — competitive for this category.
Compare Brokers Head-to-Head
Want to compare any two brokers side-by-side across spreads, regulation, platforms, and fees? Use the full broker comparison tool — all 217 brokers, sortable and filterable.
Compare All BrokersSkip the Research — Let AI Find Your Perfect Broker
Our matching engine analyses 217 forex brokers across 30+ data points to recommend brokers that fit your specific style, capital, and jurisdiction.
Try AI Matching — FreeFrequently Asked Questions
Common questions about choosing a zero spread forex broker