According to research in South Africa, Zero spreads accounts allow Forex traders to know in advance what their entry and exit levels are when they open positions. Here you will find the 17 Best Forex brokers with 0 pip / zero spreads from which to choose in South Africa.
Getting a good Forex broker is crucial 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.
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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.
Since the spread is the main revenue for a broker, you also need to be aware of any other types of commissions or fees that may apply to low spread, or zero spread trading.
This list below is not ranked in any particular order but is rather a comprehensive list of great brokers to choose from.
FXTM
Min Deposit
USD 200
Regulators
FCA, FSC, FSCA
Trading Platform
MT4, MT5, FXTM Trader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FXTM is a licensed and well-regulated broker worldwide, from the UK, South Africa, Belize, Cyprus and Mauritius as examples. They also boast an impressive list of awards.
FXTM was founded in 2012 with offices in major cities like London, Germany, Poland, France, Spain, Italy, Turkey, China, Thailand, South Korea, Malaysia, India and Nigeria.
All central operations are directed from FXTM’s five story tower located in Cyprus.
FXTM offers tight spreads, trading in all currency pairs as well as a wide range of other financial products and derivatives.
Features
- Hedging is allowed
- Quick and easy account opening
- Low minimum deposit
- Great selection of educational tools
- Low stock index CFD fees
- spreads as low as 0.1 pip for a standard account and 0 pips for ECN based trading accounts
Pros and Cons
| Pros | Cons |
| Low minimum deposit | Inactivity and withdrawal fees |
| Fantastic Customer Service | High CFD fees |
| Fast and easy account opening | Limited product portfolio |
| Well regulated Broker | |
| Very competitive Forex fees |
XM
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
XM Global, founded in 2017, and offers more than 1000 financial instruments which includes Forex Trading, Commodities CFDs, Stocks CFDs, Equity Indices CFDs, Energies CFDs and Precious Metals CFDs.
They also offer over 55 currency pairs for Forex trading.
XM offers 2 trading platforms which are accessible from both real and demo accounts; both MetaTrader 4 and MetaTrader 5, the most widely used platforms in trading.
XM is highly regulated by the International Financial Services Commission.
They are an award winning firm with some of their recent awards being: Best FX Service Provider for 2025 awarded by City of Wealth Management Awards 2025, Best Customer Service Global 2019 awarded by Capital Finance International Magazine, Best Market Research and Education Global 2019 awarded by Capital Finance International Magazine, and Best FX Service Provider awarded by City of London Wealth Management Awards 2019.
Features
- Allows scalping
- Offers negative balance protection
- Low min deposit
- Used by over 70,000 traders
- Offers Negative Balance Protection
- Allows Hedging
Pros and Cons
| Pros | Cons |
| Low withdrawal fees | Inactivity fee |
| Easy and fast account opening | Average Forex fees |
| No withdrawal fee | |
| Great educational tools and resources | |
GO Markets
Min Deposit
USD 200
Regulators
ASIC, CySEC, FSC, FSA, SCA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
50+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
With offices in Melbourne, London, Taipei and Hong Kong, GO Markets is one of the leading and trusted Australian regulated brokers.
GO Markets was founded in 2006 and currently offers more than 350 tradeable CFD instruments including Forex, Shares, Indices, Commodities and Cryptocurrencies.
Features
- Allows hedging
- Allows scalping
- Offers STP
- Regulated by ASIC
- Offers Negative Balance Protection
- Used by over 10,000 traders
Pros and Cons
| Pros and Cons | |
| Pros | Cons |
| Ultra-fast trade executions | Only two account types available |
| Innovative technology | Clients from many jurisdictions not accepted |
| Great trading and analysis tools | Not available in the US |
| Highly regulated broker | Limited range of instruments |
AvaTrade
Founded in 2006, AvaTrade offers more than 250 instruments which include more than 60 currency pairs, major stock indices, cryptocurrencies, commodities, bonds, individual shares and ETFs.
AvaTrade is highly regulated in Europe, the British Virgin Islands, Australia, Japan, and South Africa.
They have offices around the world, located in Japan, Australia, Ireland, and the British Virgin Islands with sales offices also in Paris, Milan, Madrid, Mongolia, Beijing, Nigeria, Santiago, and Johannesburg with their headquarters is Dublin, Ireland.
Features
- A range of automated trading platforms and EA compatibility
- Client funds are held in segregated accounts for increased security
- MetaTrader 4, MetaTrader 5 and AvaTradeGO on desktop, tablet, mobile and web
- Competitive spreads offering
- Trading websites in more than 20 languages
Pros and Cons
| Pros | Cons |
| Easy and fast account opening | Limited research tools |
| Great educational tools | Poor support telephonically |
| No withdrawal fee | Administration fee |
| Free deposit and withdrawal options | Inactivity fee |
| Low trading fees | Offers only CFD’s, Forex and Cryptocurrencies |
Alpari
Min Deposit
USD 5
Regulators
FSC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Alpari was established in 1998, relaunched in 2014 and is based in and regulated by the Financial Services Commission (FSC) of the Republic of Mauritius.
Alpari offer both the MetaTrader 4 and MetaTrader 5 platforms on Desktop, Web and Mobile formats and gives their traders access to more than 250 markets in Forex, Stocks, Indices, Metals and Cryptocurrencies.
Features
- Maximum leverage as high as 1000 to 1
- Over 60 Forex currency pairs and crosses available for trading
- Low min deposit
- Choice between ECN and market-maker execution models
- Regulated by an offshore industry center (FSC Mauritius)
Pros and Cons
| Pros | Cons |
| Demo Accounts and Social Trading | Limited educational resources |
| Great copy trading broker | Lack of resource tools |
| Diverse selection of tradeable assets | High fees |
| Good support in over 30 languages | Withdrawal fees |
| Low minimum deposit |
FP Markets
Min Deposit
USD 100
Regulators
ASIC, CySEC, FSCA, CMA
Trading Platform
MT4, MT5, Iress Trader, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FP Markets is an Australian CFD and Forex broker that was founded in 2005.
They are regulated by the Australian ASIC and the Cypriot CySEC and offer MT4, MT5 platforms.
FP Markets offer over 50 currency pairs, gold, silver, CFDs, Indices, stocks and cryptos to trade with.
Features
- Leverage is 500:1 when trading currency.
- Offer Direct Markets Access (DMA)
- ASIC & CySEC Regulated broker
- Demo Account for beginning traders
- 50 plus currency pairings to trade
Pros and Cons
| Pros | Cons |
| Easy and fast account opening | Limited product portfolio |
| Low trading fees | High CFD fees |
| Fast execution of trades | High minimum deposit |
| Low Forex fees | High fee for international bank withdrawal |
| Good platform options |
Exness
Min Deposit
USD 10
Regulators
FSCA, FSC, FSA, MISA
Trading Platform
MT4, MT5, WebTrader, BDSwiss app
Crypto
Yes
Total Pairs
53
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
The Exness Group was founded in 2008 in St. Petersburg, Russia and have licences from the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles.
The Exness Group offers access to more than 120 financial instruments to trade across which include Forex, Crypto, Stocks and Indices. In Forex they offer 120 currency pairs to choose from.
Exness has a monthly trading volume of more than $180 billion, as well as 15,000 new accounts opened each month, with more than 80,000 active traders.
They have over 23 different languages including English, Chinese, Russian, Vietnamese, Farsi, Hindi, Urdu, Tamil, Thai, Bengali, Indonesian, and Malay on their website and their customer service team offers 24/5 customer support in 13 languages.
Features
- Tight spreads from 0.1 pips
- No hidden commissions or fees
- Instant withdrawal of funds
- Client funds kept in segregated accounts
- Tight spreads
- Copy trading system
Pros and Cons
| Pros | Cons |
| Customer support in many languages | Inactivity and withdrawal fees |
| Commission free trading | High CFD fees |
| Access to Forex ECN trading | Not available in the US |
| 120 Currency pairs to trade from | |
| Offshore regulation |
HotForex
Min Deposit
USD 0 / ZAR 0
Regulators
FSCA, DFSA, FSC, CMA. FCA
Trading Platform
MT4, MT5, HFM Platform
Crypto
Yes
HotForex provides access to over 150 trading instruments in Forex, Commodities, Indices, Shares, Bonds and Cryptocurrency CFDs.
They have 6 core trading accounts to choose from and every account type offers commission-free trading for Forex pairs.
HotForex was founded in 2010 and has its headquarters in Cyprus with several global satellite offices in Dubai, and South Africa.
The company was listed as on the Top 100 Companies by World Finance Magazine and the received the award for Business Excellence in 2015.
Features
- Tech innovations
- Numerous industry awards garnered
- Great range of markets
- Offers Negative Balance Protection
- Additional Civil Liability Insurance
- Lots of premium MetaTrader tools offered
Pros and Cons
| Pros | Cons |
| Fast, easy, fully digital account opening | Only Forex and CFD products |
| Low minimum deposit | Two of their entities are unregulated |
| Commission free accounts available | Only 56 shares available |
| Low Forex fees | |
| Competitive spreads |
IC Markets
Min Deposit
USD 200
Regulators
ASIC, CySEC, FSA, SCB
Trading Platform
MT4, MT5, WebTrader
Crypto
Yes
Total Pairs
61
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
IC Markets was founded in 2007 and is based in Sydney, Australia. They have licenses with the Australian Financial Services License (AFSL) and the Australian Securities and Investment Commission (ASI) in 2009
They offer tight spreads in its offering of 63 Forex pairs and 41 CFDs on indices, metals, cryptocurrencies and futures.
IC Markets are also an ECN broker, which means that there is a no-dealing-desk.
IC Markets makes use of their own high-level web security on all their platforms which include MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as cTrader.
Features
- Great variety of Educational materials
- Selection of sophisticated trading platforms
- Low min deposit
- True ECN broker with institutional grade liquidity
- Wide range of tradeable products
- Good customer service with 24/7 Support
Pros and Cons
| Pros | Cons |
| Easy and fast account opening | No investor protection |
| Low Forex fees | Only Forex, CFD, and crypto trading |
| Free deposit and withdrawal | Lack of research tools |
| Low Forex fees | |
OctaFx
Min Deposit
USD 25
Regulators
CySEC, MISA, FSCA and FSC
Trading Platform
MT4, MT5, OctaTrader
Crypto
Yes
Total Pairs
52
Islamic Account
Yes
Trading Fees
No
Account Activation
24 Hours
OctaFx, established in 2011, is a part of Octa Markets and has a subsidiary in Cyprus by the name of Octa Markets Cyprus Ltd. They are based Jakarta, Indonesia with offices in St. Vincent and the Grenadines.
OctaFx are an ECN Forex broker that offers both the MetaTrader and cTrader platforms They also offer all major currency pairs and commodities with a leverage of 1:500.
OctaFx has a presence in over 100 countries worldwide.
Features
- First time deposit bonus
- Unlimited demo account
- Spread offerings among the most competitive in the Forex industry.
- Great advanced technology
- Extensive research and educational resources
- Over 300,000+ traders worldwide
Pros and Cons
| Pros | Cons |
| No commission deposits or withdrawals | Limited range of instruments |
| Free and easy deposit and withdrawal | No Forex educational tools |
| Multiple platforms to choose from | Doesn’t offer VPS |
| Enhanced licensing with the addition of CySEC regulation | |
| Low Forex and stock index CFD fees |
FxPro
Min Deposit
USD 100
Regulators
FCA, SCB
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
70
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FxPro UK, founded in 2006, is a subsidiary of FxPro Group Limited and boast over 870,000 client accounts. They are in 173 countries and are regulated by the FCA and CySEC, and FSB (FSCA).
FxPro offer incredible execution speeds, with an average execution time of less than 11.06 milliseconds and it processes approximately 7 000 orders per second.
They also boast over 70 international and UK awards in total to date which include:
Most Reliable Broker of the Year 2019, “International Investor” Magazine
Best FX provider of the Year 2019, Online Personal Wealth Awards
Best Tablet Application 2019, Online Personal Wealth Awards
Best European Value Broker of the Year 2019, Global Forex Awards
Best Global Forex Introducing Broker Programme 2019, Global Forex Awards
Best European Forex Trading Platform 2019, Global Forex Awards
Best MetaTrader Broker 2019, ForexBrokers com
Best in Class of Commissions & Fees, ForexBrokers com
5-stars MetaTrader Broker 2019, ForexBrokers com
Features
- No dealing desk and very fast execution of trade speeds
- Company capital in excess of 1 million British Pounds
- Incredibly fast execution speeds
- No dealing desk
- Winner of Multiple awards
- Good customer service with 24/7 Support
Pros and Cons
| Pros | Cons |
| Wide selection of market instruments | No investor protection |
| Segregated accounts | Doesn’t offer its services in all countries |
| Highly regulated | |
| Range of account types | |
| Little to zero commissions charged |
FBS
Min Deposit
USD $5
Regulators
FSC, ASIC, CySEC
Trading Platform
MT4, MT5, FBS App
Crypto
Yes
Over 27 000 000+ Traders
FBS was founded in 2009 and serves clients from over 190 countries with its headquarters in Cyprus.
They are under strict regulation from the CySEC and the IFSC.
FBS offers a great selection of account types and some of the lowest capital requirements. They also provide a wide selection of trading education videos and articles to help skill up any level trader.
FBS shows its excellence by winning over 40 prestigious awards, with some of the recent ones being:
Best broker in the Middle East, 2018
Most Transparent Forex Broker, 2018
Best Forex Trading Account, 2018
Best Copy Trading Application Global, 2018
Best Forex Broker Asia, 2018
Most Progressive Forex Broker Europe, 2019
Best Forex Broker Vietnam, 2019
Features
- Over 14 000 000 traders and 370 000 partners
- Commissions covered by FBS
- Leverage of up to 1:3000
- Offers bonuses to new traders
- Low Spreads and comms (from 0 pips)
Pros and Cons
| Pros | Cons |
| Low Deposit for account opening | Higher than normal spreads |
| Super-fast trade execution | Fees on both deposits and withdrawals |
| Free demo account | |
| Highly responsive customer service | |
RoboForex
Min Deposit
USD 10
Regulators
IFSC
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
36
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
RoboForex Group was founded in 2009. They are headquartered in Cyprus and serves around 800 000 traders, from 170 countries.
RoboForex offers more than 12 000 instruments for trading and 8 asset types.
A fun unique fact is that RoboForex currently serves as an Official Sponsor of “Starikovich-Heskes” team at the Dakar and Official Sponsor of Muay Thai fighter Andrei Kulebin.
Features
- Allows hedging
- 5 Account currencies
- Allows scalping
- Tight spreads from 0 pips
- Micro accounts with the minimum lot size of 0.01
- Offers STP
Pros and Cons
| Pros | Cons |
| Fast order execution | No FCA regulated |
| Fully digital account opening | No fix spread accounts |
| Affiliate program with 50% profit sharing | |
| Used by over 10,000 traders | |
| 8 asset classes |
Pepperstone
Min Deposit
USD 0
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Platform
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pepperstone, founded in 2010, is an Australian Forex broker that also established a London office in 2015.
Pepperstone offers over 57,000 trading clients and an average daily transaction size of $12.55 billion.
They are regulated by two top-tier financial authorities, the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
Features
- Offers a range of online trading platforms
- Regulated by the Financial Conduct Authority (FCA)
- Low min deposit
- Top Tier regulation
- Award winning customer support
Pros and Cons
| Pros | Cons |
| Low fees in spreads and comms | Limited range of instruments |
| Good offering of trading platforms | Limited risk management tools |
| Free deposit and withdrawal | No stockbroking. Only Forex and CFDs |
| Low minimum deposit | Basic news flow, no fundamental data |
ThinkMarkets
Min Deposit
USD 0
Regulators
FCA, FSCA, ASIC, CySEC, JFSA
Trading Platform
MT4, MT5, ThinkTrader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Derivative products are leveraged products and can result in losses that exceed initial deposits.
ThinkMarkets, an online Forex and CFD brokerage firm, was founded in 2010 and is based in London. They also have offices in the Asia-Pacific, Middle East, North Africa, Europe and in South America.
ThinkMarkets keeps the funds of clients in segregated accounts with top-tier banks such as Barclays, National Australia Bank as well as the Commonwealth Bank of Australia which prohibits the use of client funds for any reason.
ThinkMarkets is heavily regulated and authorized by two of the strictest and most demanding regulatory and authorization entities within the UK and in Australia, namely the FCA and the ASIC as well as the FSCS (FSB) in South Africa, providing a good layer of protection.
Features
- Segregates client funds
- Highly regulated
- Diverse technical research tools
- Over 10,000 traders
- Tightest possible spreads
Pros and Cons
| Pros | Cons |
| Low minimum deposit | No fixed spread accounts |
| Advanced trading programs | No web-based trading platform |
| Commission free accounts | Commission charged for two account types |
| VPS service | |
Interactive Brokers
Min Deposit
USD 0
Regulators
CFTC, NFA, IIROC, FCA, CBI, ASIC, SFC, MNB, CSSF
Trading Platform
Proprietary Platforms
Crypto
Yes
Total Pairs
91
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Interactive Brokers is one of the biggest US-based discount brokers and one of the oldest considering it was founded in 1978.
They offer trading in stocks, options, futures, Forex and bonds in over 125 markets in 31 countries and is regulated by several financial authorities globally, including the US Securities and Exchange Commission (SEC) and UK’s Financial Conduct Authority (FCA).
Features
- Over 4,300 no-transaction fee mutual funds
- Strong research and tools
- NerdWallet users who sign up for IBKR Pro get a 0.25 percentage point discount on margin rates.
- Advanced and smart order router
- Mutual Fund Replicator which finds lower-cost exchange traded funds
Pros and Cons
| Pros | Cons |
| Wide range of products | Website difficult to navigate |
| Extremely smart order router | Inactivity fees |
| Great research tools | Substantial fees with small or inactive accounts |
| Low trading fees | Complicated account opening |
| Highly regulated |
InstaForex
Min Deposit
USD 1
Regulators
CySEC, FSC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
107+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
InstaForex boasts more than 7 million traders and are a great brokerage especially for beginner traders.
They are known to offer great bonus and promo campaigns. They also offer a 40% bonus for every deposit and up to 100% for the initial deposit.
InstaForex offers a variety of platforms which are backed up by a good, user friendly mobile app as well as ForexCopy, the InstaForex social trading platform.
On ForexCopy traders can earn commissions for providing their trades for copying while followers can copy deals of successful and experienced traders.
InstaForex also offers a wide range of trading tools and in-house MT4 plugins such as Pattern Graphix and Superior Forex Desk. boasts more seven million traders and
Features
- More than 300 instruments
- PAMM system
- Free VPS
- Pattern Graphix
- Provides a financial calendar
- Trading Central charting and signals
Pros and Cons
| Pros | Cons |
| Strict regulation | Not operate in the US |
| No commissions | Is a market maker broker |
| Copy trading system | Restricted leverage in the EU |
| Wide variety of instruments | |
| Free VPS | |
| Excellent training materials
|
RECOMMENDED JSE BROKER
🛡️ Trust Score
97%
Avatrade - #1 JSE Trading Platform
- Time to open Account - Only 12 Hours
- Low Commissions
- Invest in any JSE Top 40 Share
RECOMMENDED JSE BROKER
🛡️ Trust Score
97%
Avatrade - #1 JSE Trading Platform
- Time to open Account - Only 12 Hours
- Low Commissions
- Invest in any JSE Top 40 Share
In conclusion
As you start trading Forex you need to be aware that getting a good Forex broker that suits you is absolutely critical. Your broker is your access point to the Forex market, and they will provide you with the essential coverage to trade with margins.
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.
A zero spread Forex broker offers its traders zero spread accounts which means that you don’t have to pay anything to make currency trades.
This means that you the trader knows your entry and exit stages in advance which could be a great advantage.
Zero spread Forex Brokers are typically NDD, STP or ECN brokers that provide direct access to the market and deep liquidity as well.
You need to be careful, however, because there are a lot of brokers who offer 0 spread trading, but they are not regulated, or are not a reputable broker.
Only well regulated brokers with a good track record can really provide true zero spread trading. So, do your homework and make sure you have your account with a good, solid broker.
In other cases, a broker offers a spread that STARTS at 0 pips and the spread may increase depending on the market’s volatility or demand, so just be aware of this.
Since the spread is the main way a broker earns revenue, be aware of any commissions or fees that are hidden or tied to your zero spread trading account.
According to research in South Africa these 17 best Forex brokers with zero pip spreads in 2025 should provide a good foundation to get you started on your journey to finding a fruitful broker/trader relationship.
