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Zero spread brokers

  • #1
  • First Post: Apr 13, 2020 7:30pm Apr 13, 2020 7:30pm
Hey guys, i have been looking at zero spread brokers in order to make more gains. Has anyone used any or could recommend some?

If anyome has tried these, let me know what you thought of it

Xm.com
Spreadco.com

I have read a few old threads about this, didnt know if it was best to make a new thread or to post in them as they are quite old threads.
  • #2
  • Apr 14, 2020 4:16am Apr 14, 2020 4:16am
Hello, I am looking for the same

Will let you know after I will have tried a dozen
  • #3
  • Apr 16, 2020 10:36am Apr 16, 2020 10:36am
Quoting akamrp
Hey guys, i have been looking at zero spread brokers in order to make more gains. Has anyone used any or could recommend some? If anyome has tried these, let me know what you thought of it Xm.com Spreadco.com I have read a few old threads about this, didnt know if it was best to make a new thread or to post in them as they are quite old threads.
Please note that most FX brokers that offer Zero spread will charge you a flat commission based on your trade size.

For example if you trade 1 lot of EURUSD, you would be paying around 6$ or 7$ commission per round lot depending on the broker.

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  • #4
  • Apr 16, 2020 12:23pm Apr 16, 2020 12:23pm
Quoting Jlrobert
{quote} Please note that most FX brokers that offer Zero spread will charge you a flat commission based on your trade size. For example if you trade 1 lot of EURUSD, you would be paying around 6$ or 7$ commission per round lot depending on the broker. {image} d

Thanks, That would work out better depending on how much you are trading with in some cases?

On your example, it says 3$ so how comes I would be paying 6$ commision?
  • #5
  • Apr 17, 2020 5:43am Apr 17, 2020 5:43am
spread zero is very ridiculous, because it is ridiculous right on the liquidity
  • #6
  • May 5, 2020 10:29am May 5, 2020 10:29am
You know the biggest of the differences?

A-book brokers vs. B-book brokers.

If your broker is a B-book broker, then they don't care about the spread, the commission or whatever. You close trades in loss and they reflect it as gain in their book. You close trades in gain and they reflect it as loss in their book.
So they welcome all the clients who are likely to lose most of their deposits. They hate scalpers, arb, news traders, etc. They will adjust their conditions for turning those 'toxic' traders' trading into ineffective.
This kind of broker offer fixed spread and generally offer appetizing features (0 spread, low commissions, very high leverage, etc.).
Please notice that regulation or not regulation doesn't matter. A multiregulated broker can be most of the time a B-book broker, they will be taking the whole risk = they will be your counterpart.


If your broker is an A-book (ECN, STP), then all they earn is just the spread mark-up or commission. So they look for longlasting clients, high-frequency traders, scalpers, etc. Their spread is realistic, their spread is always variable, etc.
  • #7
  • May 8, 2020 1:36am May 8, 2020 1:36am
with zero spread, I find Exness offering this account. however, commission fee will be higher than ecn account. Everything, is needed to feel first
  • #8
  • May 9, 2020 1:41am May 9, 2020 1:41am
try fusionmarkets Australia. they are the best broker today....
  • #9
  • May 9, 2020 12:26pm May 9, 2020 12:26pm
This is a con, 0 spread brokers is a joke.So they can manipulate the pricing you see, along with playing with slippage.There are of course other cost elements they can play with as welll.
  • #10
  • May 10, 2020 2:03pm May 10, 2020 2:03pm
Quoting akamrp
Hey guys, i have been looking at zero spread brokers in order to make more gains. Has anyone used any or could recommend some? If anyome has tried these, let me know what you thought of it Xm.com Spreadco.com I have read a few old threads about this, didnt know if it was best to make a new thread or to post in them as they are quite old threads.
I'm trading with XM and IC Markets. IC Markets offer 0 spread accounts, but charge a flat commission of around $8 for every 1 lot. BUT, their spread is not 0 for all pairs and there's a lot of times where the spreads get shitty, especially for gold, it can go like the normal 30-50 spread to 200-300 at times like the standard account, and they will charge you the commission. For me, this was very unfair, nevermind for gold, but also some other pairs. 0 accounts arebare only if you trade majors and nothing else....

Xm offer a low spread account which for me personally is very decent and good compared to a normal or 0 spread accounts. There's no commission and decent low spreads. Majors are like 10-25 and gold is like 30-80 or maybe more depending on the volatility. And the best part is they don't charge withdrawal fees. IC charges a minimum of $20 AUD for withdrawals.

If you really want a 0 spread it's not worth it, cos the commission is sometimes more than your profit when you're looking for a fast trade. XM low spread will be best and my preferred.
  • #11
  • May 10, 2020 3:05pm May 10, 2020 3:05pm
Quoting pilotboi
{quote} I'm trading with XM and IC Markets. IC Markets offer 0 spread accounts, but charge a flat commission of around $8 for every 1 lot. BUT, their spread is not 0 for all pairs and there's a lot of times where the spreads get shitty, especially for gold, it can go like the normal 30-50 spread to 200-300 at times like the standard account, and they will charge you the commission. For me, this was very unfair, nevermind for gold, but also some other pairs. 0 accounts arebare only if you trade majors and nothing else.... Xm offer a low spread account...

I am no longer looking for zero spread brokers.

You get 10-25 pips spread on a major? or is 1.0-2.5? as 10-25 spread on majors is really high
  • #12
  • May 11, 2020 6:30am May 11, 2020 6:30am
All zero spread brokers have some conditions through which they make money. Therefore, it’s recommended to find a zero spread broker that has minimum conditions.
  • #13
  • May 13, 2020 2:12am May 13, 2020 2:12am
There are no "zero spread brokers" present out there. The spreads keep fluctuating. We need to look for a broker which offers a combination of tight spreads and low commission.
  • #14
  • May 15, 2020 9:37am May 15, 2020 9:37am
True, most brokers that offer a zero spread charge a high commission on every trade. Some brokers even give access to exclusive currencies with zero spreads alongside the same typical currencies with included spreads. Therefore the commissions are then charged only on the zero spreads trades in that account.
  • #15
  • May 16, 2020 12:09pm May 16, 2020 12:09pm
0 spread (of course variable but let’s say 0.1 pips as average!) is ok

commission added to this is normal (this is where the broker gets the revenue from)

$8, $7, $6 / Lot are not ok, they are too expensive and they creates barriers to many trading techniques. I look for $5 commission or less.
  • #16
  • Jun 1, 2020 7:20am Jun 1, 2020 7:20am
in order to get zero spread, the mandatory commission fee will be increased more than the broker's ecn account and will also have higher commission than usual depending on the pair. I find EXNESS and FXTM with zero spread
  • #17
  • Jun 1, 2020 9:33am Jun 1, 2020 9:33am
Quoting kavanto
in order to get zero spread, the mandatory commission fee will be increased more than the broker's ecn account and will also have higher commission than usual depending on the pair. I find EXNESS and FXTM with zero spread
Not true, I find zero spread brokers with $5 commission on raw spread, which is a good deal (Royal Capital Markets, IC Markets, FX Primus are some examples)
  • #18
  • Jun 2, 2020 3:40am Jun 2, 2020 3:40am
Quoting DavideCash
{quote} Not true, I find zero spread brokers with $5 commission on raw spread, which is a good deal (Royal Capital Markets, IC Markets, FX Primus are some examples)
The spread zero account type is different from the traditional ECN account type. He means that the account has zero spread, not the traditional ECN account.
Traditional ecn accounts with true spreads are very low, almost zero but floating spread.
Zero spread accounts are spreads that will be fixed at zero. At EXNESS, they agree the zero spread accounts for 95% of the day. FXTM also has zero spreads but I'm sorry I don't know how they will agree to that.
  • #19
  • Jun 2, 2020 9:22am Jun 2, 2020 9:22am
Quoting kavanto
{quote} The spread zero account type is different from the traditional ECN account type. He means that the account has zero spread, not the traditional ECN account. Traditional ecn accounts with true spreads are very low, almost zero but floating spread. Zero spread accounts are spreads that will be fixed at zero. At EXNESS, they agree the zero spread accounts for 95% of the day. FXTM also has zero spreads but I'm sorry I don't know how they will agree...
I don't consider fixed spread brokers as brokers
they are casinos.

When we want to talk about broker, I talk about floating spreads only, averagely on 0 on majors.
  • #20
  • Jun 4, 2020 11:04am Jun 4, 2020 11:04am
Quoting DavideCash
{quote} I don't consider fixed spread brokers as brokers they are casinos. When we want to talk about broker, I talk about floating spreads only, averagely on 0 on majors.
I agree with you, but considering the overnight spreads, even the cheapest brokers with access to the most depth will never average 0.
A good approach to rating the spread is to take the median spread at the hours you are actively trading, and keep an eye on the spread distribution kurtosis (leptokurtic distribution with median close to 0 is what we all look for).
Personally I unfortunately never came across a broker filling this spread criteria AND good execution (low slippage / low latency) AND deep liquidity.
You'll always miss 100% of the shots you don't take.
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