Are you looking for some of the best low spread forex brokers with no hidden charges?
Low Spread Forex Brokers are brokers that offer less than 0.5 pip spread for major currency pairs. In that case, the trader can trade, for example, EURUSD, with 0.1 or 0.2 pips spread. Hotforex forex broker, for example, offers tight spreads which in normal conditions are 0.1 pips.
If yes, then finally, your search is over. In the past years, the forex industry has grown a lot, and many low spread brokers are available in the market. The only problem is that only a few of them provide good features and benefits.
So how to find a forex broker with a low spread and no commission?
Basically, they give them platforms to carry out the trade process across the world. Forex brokers are significant because no one can enter into the forex community and start their forex trading journey without signing-up with them. By using these brokers, a person can trade for 5 days in a week. From common people like us to big institutions like banks, everyone can use these brokers to access the FX market.
0 pip spread forex broker
0 pip spread forex broker or the zero spread forex broker offers trading accounts with no difference between the “bid” and “ask” price. Lowest spread forex broker and forex broker with the lowest fixed spread, 0 pip spread is Hotforex. This broker offers zero spread account. However, traders who trade zero spread account need to pay a trading commission such as USD 0.03 per 1K trading size.
In this table below are the forex brokers with low spreads and low deposit :
| Forex broker Review | Visit | Min. trading lot size | Max. leverage | Min. deposit | Tight spreads offer | Rating | Promotions |
|---|---|---|---|---|---|---|---|
Hotforex | Hotforex | 0.01 | 1:1000 | $1 | 0.1 | 99 |  |
FxPro | FxPro | 0.01 | 1:500 | $100 | 0.1 | 96 |  |
| 0.01 | 1:2000 | $10 | 0.1 | 89 |
Few brokers offer zero spread (no spread broker; 0 pip spread forex broker) promotion accounts like Hotforex, and this company is on top in our low spread broker list.
Here is the list of the best scalping broker (low spread):
HotForex Tight Spreads Zero commission.
HotForex was established in 2010, and it is much known for providing quality services to its traders. HF Markets Groups manages it, and its main office is in Cyprus. Along with Cyprus, it has one more office, which is located in Kingston. The Dubai Financial Services Authority controls HotForex, and the Financial Services Authority controls HF Markets (Seychelles)y. It provides support of two trading platforms, MetaTrader 4 or MetaTrader 5.
Hotforex tight spreads offer is:
SUPER TIGHT SPREADS
AS LOW AS 0.0 PIPS
AVERAGE SPREAD ON EUR/USD
STARTS AT 0.1 PIPS
So, very low spread forex brokers offer spread like 1 tick – and this is excellent for scalpers!
Account Statistics:
• Demo A/C: Yes
• Min deposits: $5
• Base currencies: EUR and USD
• Account: Fixed Micro, Raw, Zero, and HF Copy Account
• Payment methods: Maestro and Master Cards, Skrill Bank Transfer, Neteller, SOFORT, a BitPay, China UnionPay Ideal, Bitcoin, FasaPay, and many more
• Bonuses: Supercharged Bonus (100%), Credit Bonus (100%) and Rescue Bonus (30%)
Pros
• You will get different options for making withdrawal and deposits
• You will get the support of automated trading
• Controlled by different regulations
• It provides different types of bonuses
• The trading conditions are flexible
Cons
• US citizens cannot use it
Pepperstone is an Australian based forex broker, which was established in 2010. When it was first opened, its office was in Melbourne, but after 5 years, it opened another one in London. The ASIC and the FCA regulate this forex broker. Pepperstone is not that old in the market; that’s why it doesn’t offer many assets to trade with.
Account Statistics:
• Demo A/C: Yes
• Min deposits: Nothing ($0)
• Base currencies: JPY, AUD, USD, GBP, EUR, CAD, NZD, CHF, HKD, and SGD
• Account types: Razor and Standard
• Payment methods: Credit/debit cards, PayPal, Bank transfer, BPay, Skrill, Neteller, and POLi
• Bonuses: If you deposit $30 during the registration, then it will give a 50% bonus
Pros:
• Require extremely low deposit
• No inactivity fee
• You won’t have to pay commissions if you use the base account
Cons:
• Withdrawal fee is slightly higher
ForexTime is one of those brokers that has gained a lot of popularity in a concise period. It was established in 2011, and its main headquarter is located in Cyprus. CySEC of Cyprus, FSCA of South Africa, FCA of UK regulates it. With this broker, you can choose from different trading platforms.
Account Statistics:
• Demo A/C: Yes
• Min deposits: With ($1)
• Base currencies: GBP, EUR NGN, and USD
• Account: Standard, Shares Account, CENT Account, ECN Account, and many more
• Payment modes: Credit and Debit cards, Skrill, Bank Transfer, Bitcoin (BTC), Neteller, and many more
• Bonuses: It gives a $50 bonus for each referral, and you will also 30% money back for all the amount you deposit in the first month
Pros
• You can start trading with a minimal deposit of ($1)
• It offers useful educational tools
• You will get ECN accounts
• Multiple payment methods
Cons
• Charges inactivity fees
FxPro Group Limited manages FxPro, and it was established in 2006. Its main office is located in the UK, and the Dubai Financial Services Authority controls it, UK’s Financial Conduct Authority, Financial Sector Conduct Authority, Cyprus Securities and Exchange Commission, and the SCB. If you choose this, you can choose from different trading platforms, like FxPro CTrader, FxPro MT5, FxPro MT4, and FxPro Edge.
Account Statistics:
• Demo A/C: Yes
• Min deposits: $500
• Base currencies: EUR, GBP, USD, AUD, JPY, CHF, ZAR, and PLN
• Account: MT4, MT5, cTrader, Edge, VIP, Joint, and Islamic Account.
• Payment methods: Credit cards, Skrill, Bank Transfer, PayPal, Neteller, and UnionPay
Pros:
• No withdrawal and deposit fee is charged
• You can improve your trading skills by using the FxPro Academy
Cons:
• High trading fees
• The minimum deposit is very high
Conclusion
Forex brokers that offer zero spread account and no commission at all (forex broker no spread no commission) do not exist, because the commission represents a source of income for every broker.
Some years back, only a few forex brokers were available with tight spreads, but now you have different options to choose from. If you are a beginner and want to succeed in the trading field, you must choose a broker very carefully. All the brokers mentioned above are genuine, and you can choose one that fits your needs and budget. I hope this article will give you some valuable information, and I hope you will like this low spread forex broker list.
