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Best Zero Spread Forex Brokers 2022

For this list, we have searched and tested several forex brokers offering zero spread accounts.

We opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. We placed real trades in each popular market to get the real spreads.

We also reached out to customer support to solve issues that we hd encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.

We handpick the best forex brokers offering zero spreads based on our trading data and experience as a trader.

What does Spread mean in Forex Trading?

Spread is the difference between the bid and ask price on a brokerage platform. It is one of the primary ways for brokers to make money.

But, with the rising competition in the brokerage business trading costs went down significantly. Many brokers are offering even zero spreads, meaning there is no difference between the bid and ask price, to win over clients.

Zero spreads decrease the trading costs in one way, but it does not mean the overall trading costs will decrease as well.

What is a Zero Spread Account?

Many forex brokers are offering specific zero spread accounts to traders. Traders signed up for these accounts do not have to pay any fees as spreads, but usually have to pay commission for executing trades.

Low Spread Forex Brokers

While some brokers do not offer zero spread accounts, they still provide very low or zero spreads to traders.

However, traders have to be careful as many brokers falsely market offering zero spreads, but in reality, they charge wide spreads to new brokers.

Advantages of zero spreads accounts:

  • Easy calculation of trading costs
  • Easier to enter and exit trades without worrying about overhead costs
  • Eliminates the chances of sudden widening of spreads on trades

Some of the key highlights of trading with zero spread account:

🏦 SpreadFrom zero
📊 CommissionYes
🛡️ Trading StrategyDepends on the broker

Best 0 pip Spread Forex Brokers

To select the best zero spread forex brokers, we tested and reviewed several forex brokers. We opened live accounts and depositing real money with each broker. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.

  • Tickmill – Best Overall Zero Spread Broker
  • XM – Best Zero Spread Broker for Beginners
  • Vantage FX – Best MT4 Zero Spread Forex Broker
  • Libertex – Best Zero Spread Forex Trading Platform
  • FBS – Best High Leverage Zero Spread Forex Broker

Best Overall Zero Spread Broker

We have picked Tickmill as the best overall zero spread broker.

Tickmill is headquartered in London and offers the best trading services when it comes to low and zero spreads. The broker offers three types of accounts – classic, pro, and VIP – and two of them are zero-spread accounts. It also offers transparent pricing and charges commissions on trades executed from pro and VIP accounts, which offer zero spreads.

Tickmill offers trading with forex, indices, commodities, and cryptocurrencies and lists a total of 85 trading instruments. The broker also has minimum non-trading fees and does not charge for deposits and withdrawals.

Best Zero Spread Broker for Beginners

We have picked XM as the best zero spread broker for beginners.

XM is a well-regulated broker holding licenses in the UK, Cyprus, Australia, UAE, and Belize. It is one of the few brokerages offering zero spread accounts and offers trading services with forex and CFDs of indices, stocks, and commodities.

XM is the perfect platform for beginners because of its vast educational resources and offering of two industry-standard trading platforms: MT4 and MT5. It also offers a demo account to beginner traders to execute trades without risking real money.

Best MT4 Zero Spread Forex Broker

We have picked Vantage FX as the best MT4 zero spread broker.

Vantage FX, an Australia-headquartered broker, offers zero spreads under its raw ECN account. It is one of the few brokers offering true ECN account.

Vantage offers trading services with forex and CFDs of indices, stocks, commodities, and cryptocurrencies. It offers two trading platforms: MT4 and MT5. Most of the traders use the MT4 forex trading platform for executing trades, and the broker is also very focused on updating its indicators and market research tools on the legacy platform.

Best Zero Spread Forex Trading Platform

We have picked Libertex as the best zero spread forex trading platform.

Cyprus-headquartered Libertex was established in 1997 and has a solid reputation in the forex trading market. The broker aces as one of the best forex trading platforms with 51 currency pair offerings, along with trading instruments of indices, stocks, commodities, and cryptocurrencies.

Libertex allows traders to run all trading strategies, including hedging and scalping, and the availability of zero spread further sweetens its offerings.

Best High Leverage Zero Spread Forex Broker

We have picked FBS as the best high-leverage zero spread broker.

Leverage levels offered by any brokerage depend on the regulatory restrictions. FBS, which is regulated in Australia, Belize, and Cyprus, is one of the few brokers that offer high leverage on zero spread accounts.

Though both Cypriot and the Australian regulators limit maximum leverage at 30:1, FBS offers leverage up to 888:1 on major currency pairs under its Belize-regulated entity. FBS is also a true ECN broker and offers ECN and zero-spread accounts separately.

Zero-Spread Forex Brokers List

Apart from the shortlisted zero spread brokers, here is a complete list of forex brokers offering zero spread accounts, which we have tested and reviewed.

Forex BrokerZero Spread AccountZero SpreadCommission Per SideVisit Broker
TickmillYesYes$2Visit Tickmill
XMYesYes$3.5Visit XM
FBSYesYes$10Visit FBS
Admiral MarketsYesNo$1.8-$3.0 per lotVisit Admiral Markets
ThinkMarketsYesNo$3.5Visit ThinkMarkets
GKFXYesNo$10 per lotVisit GKFX
ICM CapitalYesNo$7/Round lot for FX and Metal only – No commission is charged for all other productsVisit ICM Capital
Fusion MarketsYesNoFrom $4.50 per round turnVisit Fusion Markets
HotForexYesNo$3Visit HotForex
Vantage FXNoYes$3Visit Vantage FX
LibertexNoYesFrom 0.03%Visit Libertex
EightcapNoYes$3.5Visit Eightcap
BDSwissNoYes$5Visit BDSwiss

FAQ and More on Zero Spread Forex Brokers

Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to forex offering zero spreads.

How to Verify a Zero Spread Broker?

Many forex brokers claim that they are offering zero spread accounts. However, in reality, they charge spread even on the dedicated zero spread accounts, along with the usual commission.

But it is possible to verify if a broker is offering zero spread services or not. Traders need to open multiple small trading positions and check if there is any difference between the bid and ask price. If the zero spread trend continues for the multiple trades and on multiple instruments, then it is likely that the broker is indeed offering zero spreads.

Zero Spread Forex Broker in India

To operate locally as a forex broker in India, brokers need to be registered and authorized with the Securities and Exchange Board of India (SEBI). But the country does not have any strict forex brokerage regulatory framework like the United States or the United Kingdom, thus allowing overseas brokers to offer services to Indians.

Some zero-spread forex brokers in India are:

Zero Spread Forex Broker in South Africa

To operate in South Africa, Zero Spread forex brokers need to be licensed by the Financial Sector Conduct Authority (FSCA).

Some of the zero spread forex brokers in South Africa are:

MT4 Zero Spread Brokers

MT4, developed by MetaQuotes Software, is the top trading platform for the forex and CFDs. Some of the zero spread forex brokers offering trading services on MT4 are:

  • ICM Capital
  • BDSwiss
  • HotForex 

No Spread No Commission Forex Brokers

Though zero spread forex brokers are desirable, they usually charge commission on each trade. But some brokers are now offering low spreads and also not charging any commission on trade executions.

Some of the low spread no commission forex brokers are:

  • ActivTrades
  • Plus500
  • OANDA
  • Admiral Markets
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Best Forex Copy Trading Platform 2022

For this list, we have searched and tested several forex brokers offering copy trading services.

We opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. We placed real trades in each popular market to get the real spreads.

We also reached out to customer support to solve issues that we hd encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.

We handpick the best copy trading brokers based on our trading data and experience as a trader.

What is Copy Trading?

Copy trading allows one trader to copy the broadcasted positions of another trader, who usually has a proven track record in trading. The copied parameters include opening and closing of positions, assigning Stop Loss and Take Profit orders.

Forex social trading

It evolved from the so-called social trading where expert traders share their trading strategies in chatrooms with fellow traders. Though copy trading can be executed manually, most of the activities are automated.

Copy Trading strategies

The popularity of copy trading skyrocketed over the past few years. This technique of trading usually lures rookie traders to copy the trading strategy and positions of other expert traders to earn from the trading activity.

Traders always have the option to opt out from coping strateies at any time by closing all positions or takkng control over the trading activities.

Copied traders also get benefits as their techniques are copied. Different brokers have different strategies rewarding the copied traders. Mostly, they earn a percentage of the capital assigned by the trader who signed up for copy trading.

What is Copy Trading Account?

A copy trading account is a specialized account offered by forex brokers that enable traders to copy the trading strategies of other traders. Usually, copy trading is just another feature available to the traders when they open an account with the brokerage.

Traders usually have to allocate a minimum capital to participate in copy trading. Though not usual, some brokers also have a maximum limit on the capital that can be allocated for copy trading.

For copied traders, they can participate in the program and can extra money from their trading activities being copied only after trading a certain amount of capital with the brokers and passing some other minimum requirements.

Some of the key highlights of trading with a copy trading account:

🏦 SpreadUsual spreads offered by the broker
📊 CommissionYes, with an extra percentage paid to the copied trader
🛡️ Trading StrategyDepends on the broker
🔒 RejectionNA
💰 Re-QuotesNA
💰 SlippageNA

Best Copy Trading Forex Brokers

To select the best copy trading brokers, we tested and reviewed several forex brokers. We opened live accounts and depositing real money with each broker. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.

  • eToro – Best Overall Copy Trading Broker
  • FXTM – Best Copy Trading Broker with Low Deposit
  • Pepperstone – Best Copy Trading Broker with MT4
  • NAGA – Best Copy Trading Broker for Beginners
  • AvaTrade – Best Copy Trading Broker with Third-Party Integration

Best Overall Copy Trading Broker

We have picked eToro as the best overall copy trading broker.

eToro has made its name in the industry by offering copy trading services. The Israeli broker was founded in 2006 and is regulated in multiple jurisdictions like the UK, the USA, Australia, and Cyprus.

eToro started out as an independent social trading platform and then turned into a full-fledged brokerage. It now offers trading services with forex, indices, commodities, stocks, and cryptocurrencies. It offers a very easy-to-use trading platform and its copy trading services are backed by a vast community.

Best Copy Trading Broker with Low Deposit

We have picked FXTM as the best copy trading broker with low deposit.

Traders need to deposit a minimum amount to start trading with a broker. This minimum allocation of funds is also needed to opt for copy trading.

FXTM helms as the broker with low deposit requirements as the broker only needs traders to deposit $10 to start trading on its platform. For copy trading services traders need to allocate at least $100. It offers copy trading services under the FXTM Invest and has a popular platform.

Best Copy Trading Broker with MT4

We have picked Pepperstone as the best copy trading broker with MT4.

MetaTrader 4, which is one of the popular trading platforms, also has an in-built social trading Broker and allows traders to share trading strategies. Pepperstone offers MT4 trading signals and is one of the best brokers to offer copy trading services on the platform.

Apart from MT4, it also offers account mirroring services with Myfxbook and Duplitrade, two other popular platforms. Traders on Pepperstone can trade forex, indices, stocks, commodities, and cryptocurrencies.

Best Copy Trade Broker for Beginners

We have picked NAGA as the best copy trading broker for beginners.

NAGA is a German broker, known for offering copy trading services. It offers a simple, yet powerful, copy trading platform that is easy to use. New traders can pick expert trades from a leaderboard and can also share analysis on messenger.

It also offers a wide range of educational materials to new traders that covers in-depth articles, ebooks, video tutorials, and webinars.

Best Copy Trading Broker with Third-Party Integration

We have picked AvaTrade as the best copy trading broker with third-party integrations.

AvaTrade is an Ireland-headquartered broker holding operational licenses in Ireland, Australia, the UAE, Japan, South Africa, and the British Virgin Islands. It offers almost 800 trading instruments of forex, indices, commodities, bonds, cryptocurrencies, stocks, and ETFs.

When it comes to copy trading, AvaTrade offers services with DupliTrade and ZuluTrade, two popular third-party copy trading platforms with massive networks of traders. AvaTrade also offers MQL5 signals services.

Copy Trading Forex Brokers List

Apart from the shortlisted copy trading platforms and apps, here is a complete list of forex brokers offering copy trading services, which we have tested and reviewed.

Forex BrokerCopy Trading AccountAbout Our TestOur Review
eToroYesDeposit Amount: Over $6,000
Total Trade: 18 trades
eToro Review
AvaTradeYesDeposit Amount: Over €4,000
Total Trade: 21 trades
AvaTrade Review
AXI (AxiTrader)YesDeposit Amount: Over €6,000
Total Trade: 12 trades
AXI Review
XMYesDeposit Amount: Over €5,000
Total Trade: 12 trades
XM Review
Admiral MarketsYesDeposit Amount: Over €4,500
Total Trade: 12 trades
Admiral Markets Review
FP MarketsYesDeposit Amount: Over €6,000
Total Trade: 12 trades
FP Markets Review
FxProYesDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
PepperstoneYesDeposit Amount: Over €6,000
Total Trade: 12 trades
Pepperstone Review
CMC MarketsYesDeposit Amount: Over €5,000
Total Trade: 12 trades
CMC Markets Review
IC MarketsYesDeposit Amount: Over €5,000
Total Trade: 12 trades
IC Markets Review
Vantage FXYesDeposit Amount: Over €5,000
Total Trade: 15 trades
Vantage FX Review
ThinkMarketsYesDeposit Amount: Over €5,000
Total Trade: 15 trades
ThinkMarkets Review
GO MarketsYesDeposit Amount: Over €4,500
Total Trade: 12 trades
GO Markets Review

FAQ and More on Copy Trading Brokers

Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to copy trading platforms and apps.

Copy Trading Platform in the US

Any forex trading platform in the United States must be registered with the Commodity Futures Trading Commission (CFTC) and be a member of the National Futures Association (NFA). Unfortunately, none of the copy trading platforms are operating in the country.

Though some of the overseas copy trading platforms are offering services to US residents, we highly recommend traders not invest through those platforms as they are operating illegally.

Best Forex Copy Trading App in the UK

To operate in the United Kingdom, any investment platform or trading App needs to be authorized by the Financial Conduct Authority (FCA), a well-reputed financial markets regulator. Many forex and CFDs copy trading platforms are offering services to UK traders.

Some of the copy trading platforms in the UK are:

  • eToro
  • AvaTrade
  • Pepperstone
  • FXTM 

Copy Trading Platform in Malaysia

Labuan Financial Services Authority (LFSA) is the regulator responsible in Malaysia to regulate forex brokers and copy trading platforms. Some of the regulated copy trading platforms operating in the country are:

Copy trading is legal in most countries around the world, with only a few exceptions. We highly recommend traders check if the broker or platform offering copy trading services is well regulated.

Is Copy Safe?

Retail trading is risky, and all those risks apply to copy trading as well. Though copy trading usually involves expert traders, we highly recommend rookie traders not to be influenced by the advertised high returns and understand the risks before investing.