Getting a good forex broker is crucial. as you know to start trading forex. for those new to forex trading, a broker is your connection to the foreign exchange market, and they will provide you with the essential coverage to trade with margins. if you read this article, it is looking for a good zero spread forex broker.
Zero spreads accounts are trading accounts offered by forex brokers that have no difference between the price offered and the price asked. Zero spreads accounts allow traders to know in advance what their entry and exit levels are when they open positions.
Here is a reading of the best zero spread forex broker, to trade one in a good trading environment:
- XM – 0.0 spreads as low a 0 pips.
- Hotforex – Wide choice of platforms, Great trading conditions.
- FXTM– The wide range of tradable instruments, the multiple online trading platforms
- Exness – Multiple account types and execution methods
- XTB – Low min deposit
1. XM
XM is a forex broker that gives traders the opportunity to trade forex, precious metals, energies, stock market indices. founded in 2009 it is well known for its trading conditions, commercial transparency and customer service.
they provide two trading platforms, Metatrader 4 and Metatrader 5, which open, close, trade and manage positions in the foreign exchange market.
their main platform Metatraders 4 offers traders the possibility to trade without re-listing, without rejection and with a flexible leverage ratio ranging from 1:1 to 888 depending on your country. they also offer single connection access to 8 platforms, the availability of a micro-lot account, offers 0 pips to spread and have the ability to trade more than 700 instruments.
Regulated: FCA, CySEC, IFSC, ASIC,
Platforms: MT4, MT5
Spreads: As Low as 0.6 Pips
Max leverage: 1:888
Min deposit: $50
Minimum trade size: 0.01 lots
Headquarters: Cyprus
2. Hotforex
Hotforex is an online zero spread forex broker that provides good trading tools, efficient trading accounts and a trading platform to facilitate trading in instruments such as commodities, precious metals, energy, equities, indices, CFDs, crypto currencies, bonds and forex. the company offers comfortable trading conditions with a wide range of spreads, zero accounts are very popular among the latest with only a minimum deposit of $100 of zero pips press spreads, and offers a leverage of 1:1000 depending on your trading accounts and countries. global hotforex can be considered an ideal good choice for beginner and advanced traders opening VIP accounts.
Regulated: FCA, CySEC, DFSA, FSCA, FSA
Platforms: MT4, MT5
Spreads: From 0 on Forex
Max leverage: 1:50
Min deposit: $200
Minimum trade size: 0.01 lots
Headquarters: Mauritius
3. Exness
Exness is a popular forex broker that has been offering trading services since 2008. exness offers 4 types of trading accounts: mini, cent, classic and ecn. there is no minimum spot requirement to open an account with exness.
they offer two trading platforms that are the most used platforms in the industry Metatrader 4 and Metatrader 5, which are available on the desktop, mobile and also offers a web trading platform. Traders who want to use a VPS forex service can also use this feature with exness.
like most forex brokers, exness offers low spreads, which makes it popular among traders. however, ecn exchanges involve a minimum excess commission of $25 per 100 lots.
Regulated: ASIC, CySEC,
Platforms: MT4, MT5
Spreads: As Low as 0.3 Pips
Max leverage: 1:2000
Min deposit:$1
Minimum trade size: 0.01 lots
Headquarters: CYPRUS
4. FXTM
FXTM is a broker that has built a reputation in the industry quickly and won many awards. Founded in 2011 they offer an intuitive trading platform based on Metatrader 4 and Metatrader 5, they offer a wider range of trading instruments, such as forex, crypto-currencies, CFDs for indices and commodities, spot metals and equity CFDs.
FXTM is known in the industry for offering competitive spreads, fast execution and availability of micro and mini lots, a floating leverage effect that can reach 1:1000 depending on your trading account and country. Spreads can reach 0.1 pips depending on market conditions and account type.
Regulated: FCA, FSCA, Commission des Services Financiers (FSC)
Platforms: MT4, MT5
Spreads:
Max leverage: 1:1000
Min deposit:$200
Minimum trade size: 0.01 lots
Headquarters: Cyprus
5. XTB
Xtb is a broker that offers to trade several trading instruments such as: currency pairs, commodities, CFDs on equities, indices,…
they offer several trading platforms and like the standard trading platform 4. spreads are low 0.9 pips for standard accounts and 0.28 pips for pro accounts with per batch traded.
when to trading accounts they offer two types of trading account, with minimum deposit $10. leverage can reach 1:200 and the minimum transaction size is 0.01.
the broker offers a large customer support team, with more than 14 offices around the world, you can reach support in several. support is available 24/5 by email, phone, and direct chat.
Regulated: FCA, CySEC, KNF, IFSC, CMB
Platforms: MT4, xStation 5
Spreads: Low spreads from 0.1 pips
Max leverage:1: 200
Min deposit:$250
Minimum trade size: 0.01 lots
Headquarters: Poland
Here are some of the best forex brokers in Singapore available today: