Page Summary
In this guide, we will break down the best zero spread forex brokers in the UAE for 2023. All zero spread forex brokers are different as they offer different features and have different pricing models in place. It is crucial to trade with a zero spread forex broker that fits your personal trading style to save on costs and ease trading in general.
After analyzing and evaluating 174 top forex brokers available to UAE traders in 8 different categories, these brokers ended up as our top choices:
Best Zero Spread Forex Brokers in United Arab Emirates
- IC Markets – Best Zero Spread Forex Broker for Trading Platforms
- Pepperstone – Best Zero Spread Broker For Professionals
- XM – Best Zero Spread Broker for Beginners
- FP Markets – Best Spreads Overall
- Eightcap – Best Zero Spread Broker for Automated Trading
Key Features of The Top Zero Spread Forex Brokers Compared
Broker | Commissions Charged | Nr. of Forex Pairs | Min. Deposit | Best For |
IC Markets | $3,50 per standard lot turn | 61 | $200 | Day Traders and Scalpers |
Pepperstone | $/€/base currency 6,00 per round-trip | 60 | $500 | Professionals |
XM | $6 per round-trip | 57 | $5 | Beginners |
FP Markets | $3 per lot per side | 71 | $100 | Advanced Traders |
Eight Cap | $3,50 per lot per side | 40 | $100 | Algorithmic Traders |
5 Top Zero Spread Forex Brokers in UAE Reviewed
This section breaks down the Best Zero Spread Forex Brokers in UAE including their pros, cons, and key takeaways.
1. IC Markets – Best Zero Spread Broker For Trading Platforms

Min Deposit: $200
Fees: 4.7
Assets available: 3.6
Total Fees:
IC Markets MetaTrader 4, 5, and cTrader Raw Spread accounts offer zero spreads on EUR/USD, USD/JPY, GBP/USD, and AUD/USD. Other forex pairs at IC Markets are available at low spreads from 0,1 pips plus a fixed commission of $3,50 per lot.
IC Markets zero spread account also offers up to 500:1 leverage, micro lot trading, and order execution speeds under 40ms. Users have access to external platforms and tools, such as ZuluTrade and Myfxbook Autotrade, to automate their trades.
IC Markets Zero Spread Accounts
IC Markets’ offers 3 zero spread accounts: Raw Spread MetaTrader 4, 5, and Ctrader.
All accounts charge zero spreads on EUR/USD, USD/JPY, GBP/USD, and AUD/USD with a fixed commission of $3,50 per lot (MetaTrader Raw Spread accounts) and a commission of $3,00 on the cTrader Raw Spread account.
All zero spread accounts come with a free demo paper trading account and can be converted to an Islamic swap-free account. They offer access to 61 forex pairs and 4,500 financial instruments overall.
The minimum deposit at IC Markets is $200. Users can fund their trading account by credit/debit card, bank wire transfers, or e-wallets like PayPal, Neteller, and Skrill.
IC Markets Trading Platforms
IC Markets’ list of trading platforms includes a proprietary WebTrader, mobile forex trading apps, third-party platforms like MetaTrader4, MetaTrader 5, and cTrader, and automated trading extensions, such as Myfxbook AutoTrade and ZuluTrade.
IC Markets Key Features for Forex Traders:
- Nr. of available forex pairs: 61 forex pairs
- Average spread on EUR/USD: 0,0 pips
- Trading Platforms: Proprietary, MetaTrader 4, MetaTrader 5, cTrader, ZuluTrade, Myfxbook AutoTrade
- Maximum Leverage: 500:1
- Regulators: FCA, FSA, ASIC, CySEC
- Islamic swap-free account: YES
- Micro lot trading: YES
- Recommended experience level: Average traders
- Supported trading strategies: day trading, scalping, swing trading, algorithmic trading
2. Pepperstone – Best for Professionals

Min Deposit: $200
Fees: 4.9
Assets available: 4.8
Total Fees:
Pepperstone offers zero spreads (EUR/USD and AUD/USD) on their Razor MetaTrader 4, MetaTrader 5, cTrader, and TradingView accounts. Other forex currency pairs are available on competitive spreads, starting at 0,1 pips.
cTrader account holders pay a commission of $3,50 per lot per side, while MT4, MT5, and TradingView account holders are charged with a fixed commission of $3,00 per lot. Pepperstone doesn’t charge any other trading fees, withdrawal fees, or administration fees.
Apart from competitive spreads, Pepperstone offers many advanced trading tools, such as technical indicators powered by Autochartist, a free VPS server, and free access to Capitalise.ai, which can be used to automate their trades with the Pepperstone API.
Pepperstone Zero Spread Accounts
Pepperstones Razor account is the only account type that offers zero spreads on selected forex currency pairs. The account can be converted to an Islamic swap-free account and also comes with a free demo paper trading account option.
The zero spread account charges overnight funding on forex pairs based on LIBOR or the equivalent interbank rate. Traders have access to over 1,200 financial instruments, including 60 forex pairs.
Pepperstone Trading Platforms
Pepperstone’s list of trading platforms include a proprietary WebTrader with TradingView integration, MetaTrader 4, MetaTrader 5, cTrader, social trading platform DupliTrade, and algorithmic trading extensions like Capitalise.ai, and cTrader Automate.
Pepperstone Key Features for Forex Traders:
- Nr. of available forex pairs: 60 forex pairs
- Average spread on EUR/USD: 0,0 pips
- Trading Platforms: Proprietary, MetaTrader 4, MetaTrader 5, cTrader, TradingView, AutoChartist, Capitalise.ai, DupliTrade, cTrader Automate
- Maximum Leverage: 500:1
- Regulators: FCA, FSA, ASIC, CySEC
- Islamic swap-free account: YES
- Micro lot trading: YES
- Recommended experience level: Average traders
- Supported trading strategies: day trading, scalping, swing trading, algorithmic trading
3. XM – Best Zero Spread Broker for Beginners

Min Deposit: $5
Fees: 4.1
Assets available: 2.8
Total Fees:
XM Zero account offers zero spreads on EUR/USD and USD/JPY forex pairs. Spreads on other major currency pairs are below 0,1 pips due to its fractional pip pricing. Note that average spreads during peak trading hours are 0,7 points.
The XM Zero account offers up to 1,000:1 leverage, micro lot trading, and access to over 10 different trading platforms. Users also have access to an extensive research and education center that includes market overviews, technical summaries, economic calendars, trading podcasts and educational videos. Additionally users can make use of free trading signals, forex calculators, a free VPS server, and advanced trading tools like exclusive technical indicators, and algorithmic technical analysis through AutoChartist.
XM Zero Spread Accounts
XM offers users zero spreads on EUR/USD and USD/JPY currency pairs on its XM Zero Account. This account comes with a free demo paper trading option to backtest strategies and can be converted to an Islamic swap-free account for Muslim traders.
The minimum trade volume on these accounts is 0,01 lots, and the lot restriction is 50 lots. Additionally, the account offers fractional pip pricing that enables access to the best prices from various liquidity providers.
Apart from low spreads, XM charges overnight fees and applies swaps on non-Islamic accounts. Users can trade on over 57 forex pairs.
XM Trading Platforms
XM’s list of trading platforms include MetaTrader 4 for PC, Mac, Android, and iOS, MetaTrader 4 WebTrader, MetaTrader 5 WebTrader, and MetaTrader 5 for Mac, PC, Android, and iOS.
XM Key Features for Forex Traders:
- Nr. of available forex pairs: 57 forex pairs
- Average spread on EUR/USD: 0,0 pips
- Trading Platforms: MetaTrader 4, MetaTrader 5, WebTrader, MetaTrader apps
- Maximum Leverage: 1,000:1
- Regulators: FCA, FSA, ASIC, CySEC
- Islamic swap-free account: YES
- Micro lot trading: YES
- Recommended experience level: Average traders
- Best for trading strategies: day trading, scalping, swing trading, algorithmic trading
4. FP Markets – Best Spreads Overall

Min Deposit: 0
Fees: 5.0
Assets available: 3.1
Total Fees:
FP Markets offers traders access to zero spreads on EUR/USD, USD/JPY, GBP/USD, AUD/USD, and EUR/GBP on their Raw MetaTrader 4,5 accounts. Spreads on the other 66 major, minor, and exotic currency pairs start from as low as 0,1 pips. Traders pay a fixed commission of $3 per round-traded lot, can trade with up to 500:1 leverage and are allowed to deploy Expert Advisors and other forms of automated trading software.
FP Markets offers users a free VPS, forex calculator, trading ideas provided by Autochartist and Trading Central, and an extensive MetaTrader 4 tool kit. Additionally, the broker allows traders to copy trades with Myfxbook Autotrade and Signal Start.
FP Markets Zero Spread Accounts
FP Market offers two zero spread accounts: Raw Spread MetaTrader 4 and 5 accounts.
Both zero spread accounts require a minimum deposit of $100 which can be deposited
by credit/debit card, bank transfer, e-wallets like Neteller and Skrill, and cryptocurrencies, such as Bitcoin, Litecoin, and Ethereum. The minimum lot size per trade is 0,01 lot, without any trade size limits.
FP Markets charges users forex rollover rates and swaps based on the European Central Bank (ECB) rate and MT4 and MT5 live swap rates on both accounts.
Available Assets at FP Markets
FP Markets offers access to 10,000 tradable instruments, including 71 major minor and exotic forex pairs.
FP Markets Trading Platforms
FP Markets’ list of trading platforms includes its proprietary WebTrader, MetaTrader 4 and 5, the IRESS Essential desktop trading software, and mobile trading apps. Additional trading tools and third-party extensions include Autochartist, Myfxbook AutoTrade, and Traders Toolbox.
FP Markets Key Features for Forex Traders:
- Nr. of available forex pairs: 71 forex pairs
- Average spread on EUR/USD: 0,0 pips
- Trading Platforms: MetaTrader 4, MetaTrader 5, WebTrader, IRESS, mobile trading apps
- Maximum Leverage: 500:1
- Regulators: FCA, FSA, ASIC, CySEC
- Islamic swap-free account: YES
- Micro lot trading: YES
- Recommended experience level: Average traders
- Best for trading strategies: day trading, scalping, swing trading, algorithmic trading
5. Eightcap – Best Zero Spread Broker for Automated Trading

Min Deposit: $100
Fees: 4.9
Assets available: 2.8
Total Fees:
The Eight Cap Raw MetaTrader 4 and 5 account offers zero spreads on EUR/USD and low spreads from 0,0 pips on most other currency pairs. Users also have access to a free VPS, an AI-powered economic calendar, Capitalise, ai, and Cryptocrusher.
The Eight Cap zero account charges a fixed commission of $3,50 per lot and offers leverage of up to 500:1. Additionally, users can integrate TradingView with MetaTrader 4 and 5 and watch live forex news and webinars.
Eight Cap Zero Spread Accounts
Eight Cap offers zero spreads on EUR/USD on their Raw MetaTrader 4 and 5 accounts. The accounts can be opened from a minimum deposit of $100 and funded by credit/debit cards, bank wire transfers, and e-wallets like PayPal, Neteller, and Skrill.
The zero spread accounts feature a free demo paper trading account, but don’t offer a Islamic swap-free option. The minimum lot size is 0,01 with a max. trade size of 100 lots. The margin call and stop-out levels on the Raw account are 80 and 50 percent, respectively.
Eight Cap charges and pays its users competitive swap rates based on Market Watch’s latest pricing. Users can log into their MetaTrader 4 or MetaTrader 5 trading terminal and click on ‘’Specification’’ behind any forex pair to see its actual long and short swap rates.
Available Assets at Eight Cap
Eight Cap offers its users access to over 800 financial instruments, including 40+ forex pairs.
Eight Cap Trading Platforms
Eight Cap’s list of trading platforms includes its proprietary WebTrader, MetaTrader 4 and 5 with TradingView integration, and external tools like Capitalise.ai and Cryptocrusher.
Eight Cap Key Features for Forex Traders:
- Nr. of available forex pairs: 40 forex pairs
- Average spread on EUR/USD: 0,0 pips
- Trading Platforms: MetaTrader 4, MetaTrader 5, WebTrader
- Maximum Leverage: 500:1
- Regulators: FCA, FSA, ASIC, CySEC
- Islamic swap-free account: YES
- Micro lot trading: YES
- Recommended experience level: Advanced traders
- Best for trading strategies: day trading, scalping, swing trading, algorithmic trading, Expert Advisors
How Business24-7 Selected the Top UAE Forex Broker With Zero Spread
To compile our list of the best zero spread forex brokers in UAE, we have analyzed and compared 107 online brokers across 8 different categories. Apart from checking for zero spreads, we have also considered:
- Spreads and Commissions on non-zero spread forex pairs
- Trade execution speeds and reliability
- Support for algorithmic trading (expert advisors, scripts, etc.)
- Amount of available forex currency pairs
- Quality of customer support
- UAE and Islamic account opening availability
What is a Zero Spread Account
Zero Spread accounts are forex trading accounts with no difference between the bid and ask prices. For this reason, these accounts have spreads that average close to zero. Note that other trading costs such as commissions, fixed fees, overnight fees, currency conversion fees, and transfer fees may still apply depending on the broker and account type.
What is the difference between zero spread and low spread accounts?
Zero spread accounts refer to forex trading accounts with close to zero difference between bid and ask prices, resulting in no spread premiums. Low spread accounts charge low spreads but higher than zero spreads and don’t come with additional fixed per-trade commissions.
What is the difference between a zero spread and a standard forex account?
Whilst a zero spread account allows traders to trade exactly at the current bid and ask prices without mark-ups, brokers usually add a premium within the spread on standard accounts. Standard refers to a trade size of 100,000 units of currency, also called a standard lot size. Note that users usually pay an additional per-trade commission on zero spread trading accounts to make up for the difference in spreads charged.
What Is The Difference Between Zero Spread and Raw Spread Accounts?
With a raw spread account, the broker doesn’t add any fees on top of the original bid and ask prices quoted by their liquidity providers, whilst with a zero spread account, the bid and ask prices are almost identical, resulting in no spread at all.
Does Zero Spread Means That There are No Fees Charged
Although a zero spread account doesn’t include any spreads, it may come with per-trade commissions, overnight fees, currency conversion fees, inactivity fees, and transaction fees. Depending on your personal trading style, a zero spread account may still cost you money.
What Is The Difference Between Zero Spread Accounts?
Zero spread accounts vary based on margin requirements, different products (spot forex CFDs or non-deliverable rolling contracts), and different fixed per-trade commissions.
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