Zero (close to zero) Spread Account
Trading accounts with zero spreads have no difference between the bid and ask prices, or spreads that are close to zero. As long as there are no additional commissions or fees, zero-spread accounts make it easy to enter and exit trades without incurring trading costs.
However, there is still the risk of spreads widening and there may still be added trading costs if you choose the wrong broker or account.
Here are some solid brokers that offer zero-spread accounts or spreads close to zero.
IC Markets 8.90/10
The spreads on the original spread account (cTrader) start from 0.0 pips, and the commission is €3/ per 100K traded. The spreads on the original spread account start from 0.0 pips, and the commission is €3.50/100K volume. Standard accounts have spread from 1.0 pips and no commission.
FP Markets 8.49/10
The lowest spread of the standard account in the forex account type is 1.0 pips, and no handling fee is charged. The minimum spread in the ECN account is 0.0 pips, and a handling fee of US$3.5 per trade is charged. The lowest spread of precious metals for standard accounts is 0.14 points, and the lowest spread for ECN accounts is 0.01 points. The lowest indices spread for standard accounts is 0.5 points, and the lowest index spread for ECN accounts is 0.5. The lowest spread of commodities for standard accounts and ECN accounts is 0.03.
IG 8.20/10
The minimum spread is around 0.6 pips on the EURUSD pair, 0.6 pips for AUDUSD, 0.9 pips for GBPUSD, 0.9 pips for EURGBP, 0.3 pips for spot gold, 2 pips for spot silver, 0.5 pips for emerging market indices, 2.8 pips for Brent crude oil and 2.8 pips for US light crude oil. Stock CFDs commissions: The minimum commission for US stocks is 2 cents per share per side(minimum $15), 0.18% for Hong Kong stocks (minimum HKD15), 0.10% for UK stocks (minimum £10), and 0.08% for Australian stocks (minimum AUD$7).
Interactive Brokers 8.15/10
Interactive Brokers Group, Inc.'s founding member has completed its 43rd year, conducting its broker/dealer business on over 135 market destinations worldwide. Interactive Brokers is headquartered in Greenwich, Connecticut, and has 2,400+ employees in its offices in the USA, Switzerland, Canada, Hong Kong, the UK, and many other places in the world.
Tickmill 8.15/10
Spreads on Classic accounts start from 1.6 pips, and no commission is charged for trading. The minimum spread for Professional accounts starts from 0.0 pips, and the commission is $2 per lot (per side), while the minimum spread for VIP accounts starts from 0.0 pips, and the commission is $1 per lot.
Conclusion
Zero spread account or low spread account looks very attractive. But sometimes, it can be marketing gimmicks that lure you to invest. Many scam brokers also use “zero spread accounts” to lure traders and eventually take traders money away fraudulently. You need to be aware of the risks. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. If you want to know more information about the reliability of certain brokers, you can open the WikiFX website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself. If you have any problems with this broker, please do not hesitate to contact WikiFX. The global customer service of WikiFX is +234-706 777 7762 on WhatsApp. Or you can call +65-31290538. We are willing and ready to help you out.
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