In the fast-paced world of Forex trading, every pip counts. For traders in India, finding a broker that offers tight spreads without the burden of commissions can significantly impact their bottom line. Enter the realm of Zero Spread Forex brokers, where the allure lies in the absence of spread costs and commission fees. In this guide, we delve into the best options available to Indian traders, dissecting their offerings, regulatory standings, and the unparalleled advantages they bring to the trading table.
Top 5 Best Forex trading brokers in the World
✅#1 Exness Link Open Account or Visit site
✅#2 XM Link Open Account or Visit site
✅#3 OctaFx Link Open Account Here
✅#4 HF Market Link Open Account or Visit site
✅#5 Avatrade Link Open Account or Visit site
Compare the latest spreads and fees for forex trading in India
Here's a comparison of the spreads and commissions you provided:
Exness:
XM:
IC Markets:
Saxobank:
IG:
FXTM:
What is Zero Spread?
Zero spread refers to a trading condition in which the bid and ask prices for a financial instrument are identical or have a difference of zero pips. In other words, there is no spread or cost associated with executing trades in this particular scenario.
Spreads are typically the difference between the bid price (the price at which buyers are willing to purchase an asset) and the ask price (the price at which sellers are willing to sell the asset). Spreads exist to compensate brokers for their services and to cover transaction costs.
However, in a zero spread environment, traders can execute trades at the same price they see on the trading platform without any additional cost. This means there is no spread markup applied by the broker, and traders can enter and exit positions at the exact market price without incurring spread-related expenses.
Advantages and limitations of Forex Zero Spread account
Forex zero spread accounts can offer several advantages and limitations that traders should consider before opting for this type of account. Let's explore them:
Advantages of Forex Zero Spread Accounts:
Limitations of Forex Zero Spread Accounts:
10 Best Zero Spread Forex Brokers in India and no commission
Exness
Exness is a Forex (foreign exchange) broker that provides online trading services to traders around the world. The company was founded in 2008 and has gained popularity for its user-friendly platform, competitive spreads, and a variety of trading instruments
Exness is known for offering low spreads, and while they may not have a specific "zero spread" account, they provide tight spreads on various currency pairs. Traders can choose from different account types to suit their preferences.
Zero spread accounts and standard accounts are two different types of trading accounts offered by Forex brokers, including brokers like Exness. Let's briefly discuss the differences between them:
IC Markets
IC Markets is an Australian-based Forex broker that was founded in 2007. It has gained a reputation for providing traders with low spreads, fast execution, and a wide range of trading instruments. IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), ensuring compliance with strict regulatory standards.
IC Markets is a leading forex broker that offers a variety of trading accounts, including a Zero Spread Forex account. The Zero Spread Forex account is designed for traders who want to trade with the tightest spreads possible.
The Zero Spread Forex account has a minimum deposit of $200 and a minimum trade size of 0.01 lots. The spreads on the Zero Spread Forex account start at 0 pips, and there are no commissions charged on trades.
The Zero Spread Forex account is available on the MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are both popular among forex traders and offer a variety of features and tools.
Pepperstone
Founded in 2010, Pepperstone is an Australian Forex broker known for its competitive spreads and cutting-edge trading technology. The broker is regulated by ASIC, the Financial Conduct Authority (FCA) in the UK, and the Dubai Financial Services Authority (DFSA), demonstrating its commitment to regulatory compliance.
Pepperstone is a leading forex broker that offers a variety of trading accounts, including a Zero Spread Forex account. The Zero Spread Forex account is designed for traders who want to trade with the tightest spreads possible.
The Zero Spread Forex account has a minimum deposit of $200 and a minimum trade size of 0.01 lots. The spreads on the Zero Spread Forex account start at 0 pips, and there are no commissions charged on trades.
The Zero Spread Forex account is available on the MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are both popular among forex traders and offer a variety of features and tools.
FXTM
ForexTime, commonly known as FXTM, was established in 2011. It is an international Forex broker with a strong presence in India. FXTM is regulated by multiple authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission of Mauritius (FSC), ensuring a secure and transparent trading environment.
FXTM offers a variety of Zero Spread Forex accounts, designed to meet the needs of different traders. All FXTM Zero Spread Forex accounts offer spreads from 0.0 pips, with no commissions charged on trades.
The FXTM Standard Zero Spread account is a popular choice for traders who are looking for a low-cost way to trade forex. This account has a minimum deposit of $100 and offers spreads from 0.0 pips on major currency pairs.
The FXTM ECN Zero Spread account is designed for more experienced traders who want access to the interbank market. This account has a minimum deposit of $500 and offers spreads from 0.0 pips on major currency pairs.
OANDA
OANDA is one of the oldest and most well-established forex brokers in India, having been founded in 1996. The broker is known for its innovative trading platforms and reliable market data. OANDA is regulated by several authorities, including the Commodity Futures Trading Commission (CFTC) in the United States and the Financial Conduct Authority (FCA) in the UK.
OANDA does not offer zero spread forex accounts. OANDA's standard account has spreads that start at 0.2 pips for major currency pairs, and its Elite Trader account has spreads that start at 0.1 pips for major currency pairs.
OANDA's pricing is transparent, meaning that you know exactly how much you will pay to trade before you place a trade. OANDA's spreads are also variable, meaning that they can change depending on market conditions.
XM
Founded in 2009, XM is a globally recognized Forex broker with a strong presence in India. The broker offers a wide range of trading instruments and provides a user-friendly trading experience. XM is regulated by several authorities, including CySEC and the International Financial Services Commission (IFSC) in Belize.
XM's Zero Spread account offers spreads as low as 0 pips on over 50 currency pairs, as well as gold and silver. However, the Zero Spread account has a commission of $3.5 per $100,000 traded. This means that the overall cost of trading on a Zero Spread account will depend on the volume of trades that you place.
AvaTrade
AvaTrade, established in 2006, is an Irish-based Forex broker with a global presence. The broker is known for its comprehensive educational resources and user-friendly platforms. AvaTrade is regulated by multiple authorities, including the Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC).
AvaTrade offers a Zero Spread Forex account that allows traders to trade with spreads as low as 0.0 pips. This account is available on the MetaTrader 4 and MetaTrader 5 trading platforms.
The AvaTrade Zero Spread Forex account has a minimum deposit of $100 and a minimum trade size of 0.01 lots. There is no commission charged on trades made with this account.
The AvaTrade Zero Spread Forex account is a good choice for traders who want to trade with the tightest spreads possible. This account is also a good choice for traders who want to trade with a low minimum deposit.
eToro
eToro, founded in 2007, is a social trading platform that has gained popularity for its unique approach to trading. It allows traders to follow and copy the trades of experienced investors. eToro is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK.
eToro offers a Zero Spread account for trading forex and CFDs. The Zero Spread account has a minimum deposit of $500 and spreads starting from 0 pips. There are no commissions charged on trades made with the Zero Spread account.
The Zero Spread account is available on the eToro trading platform, which is a web-based platform that can be accessed from any device with an internet connection. The platform offers a variety of features, including technical analysis tools, charting tools, and social trading features.
Plus500
Established in 2008, Plus500 is an Israel-based Forex and CFD broker known for its intuitive trading platform. The broker is regulated by several authorities, including the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC).
Plus500 offers zero spread forex accounts on all major currency pairs. This means that you can trade currencies without paying any spreads. However, Plus500 charges a commission on all trades. The commission rate varies depending on the instrument being traded, but it is typically around 0.05% for major currency pairs.
Here are some of the benefits of using a zero spread forex account with Plus500:
IG
IG, founded in 1974, is one of the oldest and most well-established Forex and CFD brokers in the world. The broker is known for its comprehensive range of trading instruments and powerful trading platforms. IG is regulated by various authorities, including the Financial Conduct Authority (FCA) in the UK and the Commodity Futures Trading Commission (CFTC) in the US.
IG offers a variety of account types to suit the needs of different traders. These include:
Saxo Bank
Saxo Bank, established in 1992, is a Danish investment bank and Forex broker with a strong global presence. The broker is known for its advanced trading technology and comprehensive research tools. Saxo Bank is regulated by multiple authorities, including the Financial Supervisory Authority (FSA) in Denmark and the Financial Conduct Authority (FCA) in the UK.
Saxo Bank offers a variety of account types to suit the needs of different traders. These include:
Fusion Markets - Lowest spread forex broker in India
Fusion Markets is a renowned Forex broker known for offering some of the lowest spreads in the industry. Founded with a focus on providing traders with competitive pricing and excellent execution, Fusion Markets has gained popularity for its commitment to transparency and cost-effective trading solutions. While Fusion Markets does not have specific offices in India, its global reach makes it accessible to Indian traders looking for a broker with tight spreads.
Fusion Markets offers a range of account types, including a standard account, an ECN account, and an Islamic account. The standard account has a minimum deposit of $100 and offers spreads from 1.0 pip. The ECN account has a minimum deposit of $500 and offers spreads from 0.0 pip. The Islamic account is a swap-free account that is compliant with Sharia law.
CMC Markets
Established in 1989, CMC Markets is a well-established Forex and CFD broker with a strong global presence. The broker is known for its comprehensive range of trading instruments, advanced trading technology, and educational resources. CMC Markets provides traders with access to a user-friendly trading platform and is regulated by reputable authorities, including the Financial Conduct Authority (FCA) in the UK.
CMC Markets offers a variety of account types to suit the needs of different traders. These include:
Tickmill
Tickmill is a prominent Forex and CFD broker known for its competitive trading conditions, including tight spreads and low commissions. With a focus on providing traders with a transparent and efficient trading environment, Tickmill has gained recognition for its fast execution speeds and reliable order execution. The broker is regulated by various authorities, ensuring a secure trading experience.
Tickmill offers three types of trading accounts:
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FP Markets
FP Markets, also known as First Prudential Markets, is a well-established Forex and CFD broker known for its reliability, competitive trading conditions, and extensive range of trading instruments. The broker is regulated by the Australian Securities and Investments Commission (ASIC), providing traders with a high level of security and ensuring compliance with strict regulatory standards.
FP Markets offers three main types of trading accounts:
Top Best Forex Brokers no commission in India
Here are the top 5 best forex brokers with no commission in India:
IC Markets
IC Markets is a global forex broker that offers a wide range of trading instruments, including forex, CFDs, and commodities. The company is headquartered in Sydney, Australia, and is regulated by the Australian Securities and Investments Commission (ASIC). IC Markets offers a variety of account types, including a standard account with no commissions and a spread-only account with commissions starting at 0.0 pips.
Pepperstone
Pepperstone is a forex and CFD broker that is headquartered in Melbourne, Australia. The company is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA). Pepperstone offers a variety of account types, including a standard account with no commissions and a spread-only account with commissions starting at 0.0 pips.
FXTM
FXTM is a global forex broker that offers a wide range of trading instruments, including forex, CFDs, and commodities. The company is headquartered in Limassol, Cyprus, and is regulated by the Cyprus Securities and Exchange Commission (CySEC). FXTM offers a variety of account types, including a standard account with no commissions and a spread-only account with commissions starting at 0.0 pips.
OctaFX
OctaFX is a global forex broker that offers a wide range of trading instruments, including forex, CFDs, and commodities. The company is headquartered in Kingstown, St. Vincent and the Grenadines, and is regulated by the Financial Services Authority (FSA). OctaFX offers a variety of account types, including a standard account with no commissions and a spread-only account with commissions starting at 0.0 pips.
HotForex
HotForex is a global forex broker that offers a wide range of trading instruments, including forex, CFDs, and commodities. The company is headquartered in Limassol, Cyprus, and is regulated by the Cyprus Securities and Exchange Commission (CySEC). HotForex offers a variety of account types, including a standard account with no commissions and a spread-only account with commissions starting at 0.0 pips.
Zero Spread Forex Broker is not a scam
Zero spread forex brokers are not inherently scams. While there are scam brokers in the forex industry, it's important to understand that zero spread brokers can be legitimate and reputable as well. The key is to conduct thorough research and due diligence before choosing a broker.
Here are some factors to consider when evaluating the legitimacy of a zero spread forex broker:
How to open a Zero Spread account in India
To open a Zero Spread account with a Forex broker in India, you'll need to follow these general steps. Keep in mind that the specific process may vary slightly depending on the broker:
FAQs
How does a zero spread forex broker earn money?
A zero spread forex broker earns money through various means other than spreads. While they may advertise zero spreads, they typically generate revenue through alternative methods. Here are a few ways zero spread brokers can earn money:
Which broker has the best spread?
The broker with the best spread can vary depending on various factors such as market conditions, currency pairs, and trading platforms. Additionally, spreads can change frequently, so it's essential to check the latest information directly from the broker. Here are a few brokers renowned for competitive spreads:
What's the difference between raw spread and a standard account?
The difference between a raw spread account and a standard account primarily lies in the pricing model and the spreads offered. Here's a breakdown of the key distinctions:
Raw Spread Account:
Standard Account:
Is there a 0 spread broker?
While some brokers may advertise "zero spread" or "tight spread" conditions, it's important to understand that spreads are a fundamental aspect of forex trading. Spreads are the difference between the bid and ask prices of a currency pair, and they reflect the cost of executing a trade.
In reality, it is highly unlikely to find a broker that consistently offers a true zero spread on all currency pairs and market conditions. Brokers incur costs in accessing liquidity and providing trading services, and they need to generate revenue to operate sustainably.
What is the best broker without spread?
Finding a broker without any spread is extremely rare in the forex market. Spreads are an inherent part of forex trading, representing the difference between the bid and ask prices of a currency pair. Brokers typically incorporate spreads into their pricing structure to cover their costs and generate revenue.
What currency pairs have the tightest spreads?
The tightness of spreads can vary depending on market conditions, liquidity, and the broker you are trading with. Generally, major currency pairs tend to have tighter spreads compared to exotic or less frequently traded currency pairs. Here are some currency pairs that are known for having relatively tight spreads:
Which forex broker has no commission low spread?
Is zero spread account good?
Whether or not a zero spread account is good for you depends on your individual trading style and needs. There are both pros and cons to consider.
Pros of zero spread accounts:
Cons of zero spread accounts:
In the pursuit of profitable Forex trading, minimizing costs is paramount. This is where Zero Spread Forex brokers in India truly shine. By eliminating spread costs and commission fees, these brokers empower traders to maximize their potential returns. Remember, the best broker for you depends on your specific trading needs and preferences. We've covered some of the top options, but always conduct thorough research and consider factors like regulation, trading platforms, and additional services before making your final choice.