The leading zero spread forex brokers are Tickmill, FP Markets, CMC Markets, Saxo Bank, IG, IC Markets, and AvaTrade. New traders prefer the user-friendly platforms at Tickmill. Professionals choose the premium services at Saxo Bank. IC Markets is the best overall MetaTrader broker with competitive prices.
Each forex broker has strengths and weaknesses. This article discusses the best zero-spread forex brokers.
7 Best Zero Spread Forex Brokers in UAE
We use a Trust Score Ranking system. The brokers listed below have the best zero spread forex trading services:
- Tickmill is an excellent MT4 broker with low costs.
- FP Markets is a leading broker with versatile platforms and a full MetaTrader suite.
- CMC Markets has the best web trading platform for zero-spread forex trading.
- Saxo Bank has a premium mobile app, SaxoTraderGo.
- IG is the most trusted broker with excellent education tools.
- IC Markets is the best overall MetaTrader forex broker.
- AvaTrade is the best beginner-friendly forex broker with valuable resources.
|RANK||BROKER||GENERAL||PLATFORM SCORE||BEST FOR||WEBSITE|
|#1||Saxo Bank||Trading services||4.9/5||Premium mobile app||Official website|
|#2||Ava Trade||Low spreads and trading fees||4.8/5||Best for beginners||Official website|
|#3||CMC Markets||Zero-spread forex trading||5/5||Best web trading platform||Official website|
|#4||Tickmill||Reliable learning center||4/5||Excellent MT4 broker||Official website|
|#5||FP Markets||Versatile platforms||4/5||Full MetaTrader suite||Official website|
|#6||IC Markets||Valuable educational materials||4/5||Best overall MetaTrader||Official website|
|#7||IG||Excellent education tools||5/5||Most trusted broker||Official website|
TOP 7 Zero Spread Forex Brokers in Overview:
01. Saxo Bank: Premium Forex Trading Services
Professional traders choose Saxo Bank because of its premium trading platforms and tools. It has a transparent fee policy and top-tier trading tools. Saxo Bank is a registered bank and has licenses from the ASIC, FSA, MAS, SFC, FINMA, and FCA.
Saxo Bank has a high minimum initial deposit fee of US$10,000. The average EUR/USD spread at Saxo Bank is 0.8, and it offers an active trader discount. Saxo Bank provides exclusive services to its clients that other brokers do not. Saxo Bank has 170 forex currency pairs and 9000 CFDs.
02. AvaTrade: Beginner-friendly Forex Broker
AvaTrade has an excellent offer with low spreads and trading fees. It has a comprehensive educational and research site with free courses and videos. AvaTrade has top-tier licenses from the ASIC, IIROC, and FSA.
AvaTrade has an initial deposit of US$100 and offers an active trader discount. It offers cryptocurrencies, options, and 55 forex pairs. The average EUR/USD spread at AvaTrade is 0.91.
03. CMC Markets: Best Web Trading Platform And Learning Tools
CMC Markets is an online broker with a proprietary platform, Next Generation, and MetaTrader 4. Its platforms are safe and user-friendly. CMC Markets offers valuable learning tools, including forex education and beginner tutorials.
CMC Markets has 158 forex currency pairs and 9852 CFDs. It doesn’t charge a minimum deposit fee, and it offers an average EUR/USD spread of 0.74.
04. Tickmill: Low-Cost MT4 Forex Broker
Tickmill is a leading MetaTrader broker with competitive fees and an FCA license. It offers copy trading services and valuable market insights. This broker has a reliable learning center, better than the industry average.
This broker offers a minimal selection of tradable securities. It has commission-based pricing for professionals and a minimum deposit fee of $100. Tickmill provides access to 62 forex currency pairs and 13 CFDs.
05. FP Markets: Versatile Forex Broker With Full MetaTrader Suite
FP Markets is a MetaTrader broker with competitive pricing with an ASIC license. It provides access to many educational materials, including beginner trading videos.
FP Markets has a minimum deposit fee of AUD 100. The average EUR/USD spread at FP Markets is 1.14. It offers 61 forex currency pairs and 899 CFDs. It is a good choice for active traders and professional investors.
06. IC Markets: Best Overall MetaTrader Broker
IC Markets is a leading forex broker with access to the full MetaTrader suite. It offers a comprehensive portfolio and auto-trading services. IC Markets has licenses from the FSA, CySEC, and ASIC. This broker has valuable educational materials, including webinars and investor dictionaries.
The minimum initial deposit at IC Markets is $200. The average EUR/USD spread is 0.8. IC Markets offers access to 61 forex currency pairs and 9000 CFDs.
07. IG: Safe Broker With Impressive Learning Tools
IG is a trustworthy forex broker with impressive tools and platforms. It has top-tier licenses from BaFin and the FCA. This broker offers forex education, webinars, and beginner trading videos. IG organizes weekly webinars and offers social sentiment.
The minimum initial deposit at IG is £250. The average EUR/USD spread is 0.74, and it has an active trader discount. IG offers 104 forex currency pairs and 19537 CFDs.
Tickmill, FP Markets, CMC Markets, Saxo Bank, IG, IC Markets, and AvaTrade are the best zero spread forex brokers. Our top choice is Tickmill because of its industry-leading learning center. FP Markets has a versatile portfolio and trading tools. Saxo Bank offers excellent online trading services, but its fees are higher than with other brokers.
Frequently Asked Questions
We review each online forex broker with real accounts and money. Our results depend on 105 criteria, like safety, fees, and assets.
What Is A Zero Spread Account?
Zero spread accounts have no difference between the bid and ask price. These are spreads that average close to zero. There is the possibility of the spread widening or hidden trading costs depending on the broker and the account tier you choose.
Which Are The Pros And Cons Of A Zero Spread Account?
A zero-spread account is a good solution if you follow a spread-sensitive strategy. It helps in reducing trading costs, but it has downsides. There might be an added commission for variable or fixed spreads, especially during volatile market conditions.
Zero spread pricing has a significant advantage. A scalping strategy based on latency or price delays might leads to profitable results thanks to the lower costs of a zero spread account.
Is Forex Trading Possible Without A Broker?
Yes, but trading without a broker is unsafe as it provides no investor protections and leaves you vulnerable to scams and theft. Safe forex trading is possible within a brokerage account that offers specific leverage. Choosing a trustworthy broker helps avoid scams. Read our in-depth reviews to learn more about forex trading regulations.
Is There A Recommended Forex Broker For Scalping?
IC Markets is the leading forex broker for scalping. It is a top choice among algorithmic traders, as it offers both MetaTrader and cTrader. IC Markets has a raw spread account with zero spreads and added commission.
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.
Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.
Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
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All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
- 1 7 Best Zero Spread Forex Brokers in UAE
- 2 TOP 7 Zero Spread Forex Brokers in Overview:
- 2.1 01. Saxo Bank: Premium Forex Trading Services
- 2.2 02. AvaTrade: Beginner-friendly Forex Broker
- 2.3 03. CMC Markets: Best Web Trading Platform And Learning Tools
- 2.4 04. Tickmill: Low-Cost MT4 Forex Broker
- 2.5 05. FP Markets: Versatile Forex Broker With Full MetaTrader Suite
- 2.6 06. IC Markets: Best Overall MetaTrader Broker
- 2.7 07. IG: Safe Broker With Impressive Learning Tools
- 2.8 Final Verdict
- 2.9 Frequently Asked Questions
- 2.10 What Is A Zero Spread Account?
- 2.11 Which Are The Pros And Cons Of A Zero Spread Account?
- 2.12 Is Forex Trading Possible Without A Broker?
- 2.13 Is There A Recommended Forex Broker For Scalping?