Compare the best 0 pip forex brokers

Using a 0 pip forex broker can lower costs while trading. This page compares some of the best brokers around offering 0 pip spreads.
By: Prash Raval
Prash Raval
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or… read more.
Updated: Jan 19, 2022
Tip: our preferred broker is, eToro: visit & create account

This beginner friendly guide helps you choose the best 0 pip forex broker. We explain what 0 pip brokers are, what to look out for when choosing one, and compare the best platforms available. Continue scrolling to learn more about 0 pip forex brokers. 

What are the best 0 pip forex brokers?

If you’re ready to start trading forex straight away check out the brokers in the table below. These are some of the best rated brokers around offering 0 pip spreads. Simply click the links to sign up in just a few minutes.

1
Min. Deposit
$10
Promotion
User Score
10
Join the Social Trading revolution. Connect with other traders, discuss trading strategies, and use our patented CopyTrader
eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets
Largest number of currency pairs to trade
Start Trading
Description:
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro offers a wide range of currency pairs and other trading instruments. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
2
Min. Deposit
$10
Promotion
User Score
9.3
55+ currency pairs available
Trade on a trusted platform
24/7 support via live chats, email or phone call
Start Trading
Description:
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.
Payment Methods
Bitcoin, Credit Card, Debit Card, Visa
Full regulations list:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.
3
Min. Deposit
$10
Promotion
User Score
8.7
Can fund with BTC
64 global companies including Netflix and Amazon
Free deposits and withdrawals
Start Trading
Description:
EagleFX is an online digital asset, Forex and CFD broker providing traders across the globe with cutting edge technology to trade the world’s markets. Our focus has been to change the way people trade Digital Assets and Forex. We are driven to provide traders with incredibly low-cost pricing across all Digital assets, FX, stocks, indices, commodities and futures along with industry-leading 24/7 live customer support.
Payment Methods
Bitcoin, Credit Card, Debit Card, Wire Transfer
Full regulations list:
EagleFX offers leveraged trading on a range of assets within its platform. CFD and Spot Forex trading do carry a degree of risk which may result in you losing more than your initial investment. Please ensure you fully understand the risks involved with leveraged trading and ensure this is not detrimental to your personal or institution's financial well being.

What is a 0 pip forex broker?

It is an online company that allows you to trade the forex market while having zero pip, or close to zero pip spreads. Not all brokers will have zero pip spread all the time and it can vary throughout the day. Brokers offering this service often make money through commissions and fees. 

What is a 0 pip spread?

A pip is a unit of measure used by traders to define the smallest change in value between two currencies. Spread is the difference between the buy and sell price of two currencies. Zero pip forex brokers offer trading accounts that have no difference between the buy and sell price, or have spreads that average close to zero. 

How do 0 pip FX brokers work?

Most brokers work in a similar way and act as a ‘middleman’ between a trader and the exchange. However, there are typically two ways in which they usually operate; dealing desk trading and no dealing desk trading. Both types let traders participate in the forex market, although they differ slightly in their models. Below we have briefly explained each. 

  • Dealing desk trading. This is when a broker acts as a dealer and takes the opposing side of a trade. Brokers working in this way usually have bigger spreads and are able to control prices.  
  • No dealing-desk trading. Using this type of broker gives traders direct access to the interbank market (where banks trade currencies with each other). This is the preferred method for most brokers and traders. Forex brokers using this model act as a ‘middleman’ to facilitate trades.

For a zero pip broker to make money, they will likely charge fees or commissions. Although there are other ways in which they make money which you can learn about below. 

  1. Rebates. If a broker is offering traders no spreads, they may earn a rebate on your position to make money for themselves. They do this by routing your order to a third-party market-maker who will pay them a commission. 
  2. Act as a dealer. As we’ve mentioned in the section above, brokers can operate as dealers. This means that they take the opposite side to your trade to manage their risk. Brokers also know that most retail traders lose money, so by using this method they are able to generate profits while offering zero pip spreads. 
  3. Charge a fee. The most common way for 0 pip brokers to earn money from traders is by charging a fee or commission. This is added as a separate charge when a trader opens and closes a position. 

The best 0 pip forex brokers for beginners and experienced traders

Some 0 pip forex brokers cater to beginner traders, while others are more suitable for experienced traders. Below we’ve selected the best brokers for all levels of experience. 

The top 0 pip broker for beginners

For novice traders an easy to use and simple platform is a key requirement. Additionally a broker that offers low fees and commissions is important. Click the button below to sign up to our top rated broker for beginners.

The top platform for experienced traders

For more experienced traders the list of requirements will be longer. A wide range of currency pairs, more technical tools together with low fees and commissions will be top of the list. The broker below offers all of that and is our top rated platform for experienced traders. Click the button to sign up in just minutes.

What should I look for in a 0 pip trading platform?

There are a few things to look out for when choosing the best 0 pip trading platform and in the section below we’ve highlighted the main ones. 

Reliable platform

For all traders, reliability is key. The best platforms are consistently online, don’t suffer much downtime, or crash frequently. A safe, secure, and most importantly reliable platform can save traders lots of time and money. One of the best ways to learn if a broker is reliable is by reading customer reviews. 

Low fees

If you’re planning on using a zero pip forex broker, you’ll most likely be subjected to trading fees and commissions on every transaction. The best brokers not only have low spreads but their other charges are low too. Checking a brokers trading terms and conditions is the best way to find out their fee and commission structure. 

Large choice of currency pairs

Most traders opting for a 0 pip forex broker will likely be day traders or scalpers. Finding a broker with a large choice of currency pairs to trade is helpful as you’re able to spread your money across a range of pairs. Most brokers will offer the major pairs, but if you’re interested in trading the exotics, then make sure to check before joining that the broker offers them. 

Technical tools 

The best platforms have a broad range of technical tools which can be easily overlaid onto price charts. Technical analysis is a popular trading method and for many traders, the use of indicators and other tools is an important aspect of trading. Before joining a zero pip broker it’s a good idea to check what tools they offer. Most brokers offer this service for free. 

Regulation

Choosing a regulated broker is important because it protects your money incase anything happens. All regions and countries will have their own regulation so its important to check what applies to you. In the United Kingdom, picking a broker who is FCA regulated is important. 

Quick answers to key questions

Do I have to download any software to use a 0 pip broker?

Not always, although most brokers have specialised trading software available for all of their users. The most common among retail forex traders are MT4 and Tradingview. If you decide you don’t want to download anything, then all brokers offer an option to place trades directly from their websites. 

Can I trade from my phone?

Yes you almost certainly can. While every broker will vary in what they offer, most have apps which can be downloaded to your mobile device. Using mobile apps is an excellent way to keep track of your open trades while on the go. Although, conducting technical analysis from a phone can be tricky and its best to use a device with a larger screen. 

Do 0 pip forex brokers offer other markets?

Most of the time they do, although you’ll need to check if the zero pip spread still applies to other assets. Many of the top brokers let you trade a range of financial instruments including stocks, indices, commodities, and crypto currencies. Having different assets to trade is a great way to diversify your trading portfolio. 

How much are fees and commissions?

It’s difficult to give an exact figure as it will range from broker to broker. So it’s worthwhile checking the trading terms and fee structure prior to joining. When using a 0 pip forex broker it’s highly likely that you’ll be paying fees or commissions. Checking before joining is the best way to find out how much you will pay each time you trade. 

Should I use a 0 pip broker to trade forex?

Using a broker is the easiest and most times only way to trade the forex market. Using a 0 pip broker is a good idea, especially for anyone who uses daytrading or scalping strategies. Zero pip brokers may not always offer no spreads, however on average their spreads will be zero, or close to zero. 

Forex trading requires some experience because it’s often fast-paced and requires a bit of technical knowledge. There is a lot to learn before you get started and reading online courses is a great place to get ahead. You can go to our forex trading page where our courses are and learn how to read forex charts.

Still undecided?

This guide has already covered a lot of information on 0 pip forex brokers, but if you’re still undecided we’ve included a pros and cons list below.

Pros

  • Zero pip brokers have no spread between the buy and sell price meaning your costs of trading will be lower. 
  • Brokers who have 0 pip spreads are ideal for day traders or scalpers who make many trades throughout the day. 
  • Most 0 pip forex brokers offer leverage, meaning you can profit from very small moves in the market. 
  • It is possible to use a mobile device when trading forex so you’re able to keep track of your positions while on the go. 
  • The top brokers all offer a broad range of technical tools making market analysis a much easier process. 
  • Some 0 pip brokers offer trading signals or copy trading functions so you’re able to use the expertise of an experienced trader while learning.

Cons

Should I trade forex now?

If you think you are ready to trade then yes, you should start now. The first thing you will need to do is register with an online 0 pip forex broker, which you can do by clicking through to the links we’ve provided on this page. It’s also helpful to keep up to date with the latest forex news and market analysis by clicking the links below.

Latest forex news

The U.S. dollar slipped on Thursday on reports of soft U.S. inflation data for January, as well as the Fed’s decision to maintain accommodative policy stance. Fundamental analysis: Inflation continues to trend lower Core inflation in the States was reported at 0% in January, compared to the expected 0.2%. Head…
Treasury pick and the former Fed chief Janet Yellen is due to testify on Capitol Hill today. She is expected to reaffirm that the Biden-led US administration won’t pursue a path of weaker dollar. Fundamental analysis: Change in policy compared to Trump Janet Yellen, U.S. Treasury nominee picked by U.S.
The dollar is likely to start a bearish cycle in case the Democratic candidate Joe Biden wins in the next month’s elections, analysts believe.  Fundamental analysis: Dollar remains vulnerable The U.S. dollar remains vulnerable to “substantial devaluation” as the fundamental aspect of the market points towards a deeper pullback,…

Where can I learn more about forex trading?

Right here on Invezz. You can check out our forex learning hub where we have free online courses on how to trade the currency market. We also have pages on technical and fundamental analysis and many other FX-related educational material. Click on any of the links below to learn more.

Forex trading courses

Forex Courses
In an interview with Francesco Bianchi, Professor of Economics at Duke and Cornell universities, Invezz asked: what is quantitative easing, and how does it affect the economy? Invezz: Would you explain quantitative easing to our readers in the simplest possible terms? Professor Bianchi: Basically, quantitative easing is a particular form of monetary…
Forex Courses
A PAMM (Percent Allocation Management Module) account is a forex account managed by a professional trader – managed and invested in by multiple investors. It is a type of trust management that provides profit for all the participants: investors as well as managers and partners. Advantages of PAMM account An investor earns money…
Forex Courses
Anyone new to trading forex will almost certainly have come across different offers for ‘forex signals‘. Even those who have been trading for some time and have never used signals will likely still have the open question as to whether they really bring value and how to go about choosing…
Do 0 pip forex brokers offer bonuses?
Is it better to join a 0 pip broker or go for low fees?
What is the best 0 pip forex broker?
What are the benefits of having a 0 pip spread?
What is the best time to trade forex?


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.