12 Best Zero Spreads Forex Brokers

  12 Best Zero Spread Forex Brokers offer accounts where the bid and ask prices are equal, meaning the spread is 0.0 pips. This lowers trading costs, making it ideal for scalpers, but usually comes with a fixed commission per trade instead.  

Rank	Broker	Broker Review	Regulators	Minimum Deposit	Visit Broker
🥇		Read Review	ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA	$100	Visit Now
🥈		Read Review	FSCA, FCA, DFSA, FSA, CMA	$0	Visit Now
🥉		Read Review	CySEC, IFSC, DFSA, FCA	$5	Visit Now
4		Read Review	ASIC, CySEC, FSA, SCB	$0	Visit Now
5		Read Review	FSA, FSCA	$250	Visit Now
6		Read Review	FSA, FSC, FSCA, ASIC, CMA	$20	Visit Now
7		Read Review	FSC, FSCA	$50	Visit Now
8		Read Review	ASIC, CySEC, FSCA, FSA, FSC, CMA	$100	Visit Now
9		Read Review	CySEC, MWALI, FSCA	$25	Visit Now
10		Read Review	FSA, CySEC, FSCA, FSC	$10	Visit Now

12 Best Zero Spread Forex Brokers in South Africa (2026) – A Comparison

📊 Broker	📏Pip	📝Sign up	💰 Commission / Notes	💡 Key Note
	0.0	👉 Open Account	$2 / ZAR 37 per side	Low commission, FSCA regulated
	0.0	👉 Open Account	$3.50 / ZAR 65 per lot	Strong global presence, fast execution
	0.0	👉 Open Account	$6 / ZAR 111 round trip	High commission but low minimum deposit
	0.0	👉 Open Account	$3 / ZAR 56 per side	Supports MT4, MT5, cTrader, TradingView
	0.0	👉 Open Account	$1.50 / ZAR 28 per lot	One of the lowest commission costs
	0.0	👉 Open Account	$3.50 / ZAR 65 per lot	FSCA regulated, ZAR accounts available
	0.0	👉 Open Account	$3.50 / ZAR 65 per side	Popular for scalping and high-frequency trading
	0.0	👉 Open Account	$0 / ZAR 0 min deposit	FSCA regulated, ideal for beginners
	0.0	👉 Open Account	$2.25 / ZAR 42 per side	Very low commission, ASIC regulated
	0.0	👉 Open Account	$3.50 / ZAR 65 per lot	Strong crypto offering
	0.0	👉 Open Account	$3 / ZAR 56 per side	Long-standing, competitive pricing
	0.0	👉 Open Account	US$2 / ZAR 37 per side	Higher risk, wider instrument range

What is Zero Spreads - a Definition

Zero spread pips means there is no difference between the bid price (what a broker pays you when you sell) and the ask price (what you pay when you buy) for a currency pair; the spread is 0.0 pips. Normally, brokers earn from the spread (e.g., 1–2 pips difference). With zero spread accounts, that markup is removed, so trades open exactly at the market price. However, instead of paying through the spread, you’ll usually pay a fixed commission per trade, like $3 per side per standard lot.   Example: EUR/USD bid = 1.10000 EUR/USD ask = 1.10000 Spread = 0.0 pips (zero spread) It’s popular with scalpers and high-frequency traders because trading costs are more transparent and often lower.  

12 Best Zero Spread Forex Brokers in South Africa (2026)

1. ☑️Tickmill – Low-cost, regulated broker with competitive spreads.
2. ☑️XM – Global broker, fast execution, multiple platforms.
3. ☑️FBS – High leverage, small deposits, beginner-friendly tools.
4. ☑️FP Markets – Multi-platform, tight spreads, global market access.
5. ☑️VantageFX – Low commissions, ECN pricing, fast execution.
6. ☑️Exness – FSCA-regulated, ZAR accounts, flexible trading options.
7. ☑️ICMarkets – Popular for scalping, ultra-low trading spreads.
8. ☑️HFM – Beginner-friendly, FSCA licensed, multiple account types.
9. ☑️Fusion Markets – Lowest commissions, ASIC regulated, multiple platforms.
10. ☑️Eightcap – Strong crypto offerings, competitive forex spreads.
11. ☑️GoMarkets – Reliable, regulated, competitive pricing, good support.
12. ☑️Roboforex – Offshore broker, high leverage, diverse instruments.

1. Tickmill

★ ★ ★ ★ ★

💰 Min Deposit: $100

📈 Leverage: Up to 1:1000

🏦 Regulators: CySEC, FCA, FSA, FSCA

Start Trading Read Review

  Tickmill’s Raw and VIP accounts feature zero spreads on major pairs, charging instead a fixed commission per lot. This model appeals to scalpers and professional traders seeking ultra-tight pricing, fast execution, and transparent costs without hidden markups.  

Features

Pros and Cons

Our Findings

Tickmill’s Zero Account delivers 0.0 pips on EUR/USD during peak liquidity hours with a $2 per side commission, making it one of the cheapest institutional-style pricing models in SA. FSCA regulation adds strong trust. However, the limited asset range beyond forex and occasional gold spread widening may affect versatility for multi-asset traders.  

What is the minimum deposit for a Raw Account?

The minimum deposit for Tickmill Raw Account is $100 (ZAR 1,800), providing access to 0.0 pip spreads. Standard and Micro accounts start lower, making it flexible for smaller traders.  

Are there commissions on zero-spread accounts?

Yes, the Raw Account charges $6 per lot round-trip ($3 per side), which is competitive. Meanwhile, the Micro and Standard accounts are commission-free, but have slightly higher spreads.  

2. XM

★ ★ ★ ★ ★

💰 Min Deposit: $5

📈 Leverage: Up to 1:1000

🏦 Regulators: CySEC, IFSC, DFSA, FCA

Start Trading Read Review

  XM offers zero-spread accounts where traders access interbank pricing with no markup, paying a small commission per lot. This setup benefits high-volume traders who require precision entries, minimal slippage, and transparent cost structures for active forex trading.  

Features

Pros and Cons

Our Findings

XM’s Ultra Low and Zero accounts offer tight spreads, sometimes 0.0 pips on majors, but commissions can be slightly higher than competitors. FSCA regulation is a plus for South Africans. The downside is a higher minimum deposit for zero-spread trading and reduced promotional offers for SA clients due to local compliance.  

What is the minimum deposit for a Zero Spread account?

XM Zero Spread accounts typically require a minimum deposit of $100 (ZAR 1,800). Micro and Standard accounts allow lower deposits, around $5 (ZAR 90), giving flexibility for new traders.  

How is liquidity on zero-spread accounts?

XM’s Zero accounts provide deep liquidity via ECN/STP routing, ensuring minimal slippage during peak hours. Low spreads and fast execution help active traders optimize cost efficiency in volatile markets.  

3. FBS

★ ★ ★ ★ ★

💰 Min Deposit: $5

📈 Leverage: Up to 1:3000

🏦 Regulators: FSC, ASIC, CySEC

Start Trading Read Review

  FBS’s Zero Spread account lets traders open positions at true market prices without bid-ask differences, charging a fixed commission instead. Designed for scalpers and short-term strategies, it provides tighter cost control and clear fee visibility compared to spread-based models.  

Features

Pros and Cons

Our Findings

FBS provides Zero Spread accounts with fixed 0.0 pips on majors, but they charge a per-trade commission that varies by account type. While they offer attractive bonuses and low deposits, the absence of FSCA regulation and occasional spread widening in volatile markets can limit appeal for risk-conscious SA traders.  

What is the minimum deposit for a Zero Spread account?

FBS allows zero-spread trading on major pairs with ECN or Zero Spread accounts. Minimum deposits start from $5 (ZAR 90) for Cent and Standard accounts, but higher tiers may require $100+.  

Are there commissions on zero-spread accounts?

Yes, FBS Zero Spread accounts charge a commission starting from $6 per lot. Standard and Cent accounts are commission-free but feature slightly higher spreads, making them suitable for casual traders.  

4. FP Markets

★ ★ ★ ★ ★

💰 Min Deposit: $100

📈 Leverage: Up to 1:500

🏦 Regulators: ASIC, CySEC, FSCA, CMA

Start Trading Read Review

  FP Markets provides zero-spread trading via its Raw ECN account, connecting directly to liquidity providers. Instead of spreads, traders pay a low commission, making it ideal for those needing high-speed execution and institutional-grade pricing for intraday and scalping trades.  

Features

Pros and Cons

Our Findings

FP Markets’ Raw account features 0.0 pips on majors plus low commission ($6 round trip per lot) and a broad asset selection. Although not FSCA-regulated, they remain a global favourite for scalpers due to consistent spreads and execution speed. No ZAR accounts mean currency conversion costs for SA traders.  

What is the minimum deposit for a Raw account?

FP Markets’ Raw ECN account requires a minimum deposit of $100 (ZAR 1,800). This grants access to 0.0 pip spreads on majors, deep liquidity, and low commission trading, making it suitable for active South African traders.  

What leverage is available?

Leverage depends on the regulatory entity. FSCA-regulated South African clients can access up to 1:200, while global accounts may use up to 1:500, allowing traders to scale positions according to risk management strategies.  

5. VantageFX

★ ★ ★ ★ ★

💰 Min Deposit: $50

📈 Leverage: Up to 1:500

🏦 Regulators: FCA, FSCA and ASIC

Start Trading Read Review

  VantageFX’s Raw ECN account delivers zero-spread forex pricing, offset by a small commission per lot. With direct market access and deep liquidity, it’s particularly suited for traders who rely on low-cost, rapid execution in volatile or high-frequency trading environments.

Features

Pros and Cons

Our Findings

Vantage’s Raw account delivers 0.0 pips on EUR/USD with $6 round-trip commission and strong liquidity. While FSCA regulation isn’t in place, its fast execution, rich toolset, and competitive pricing appeal to South African scalpers. However, limited ZAR deposit options mean possible currency conversion charges.  

What is the minimum deposit for Zero Spread accounts?

accounts typically require $200 (ZAR 3,600), although Standard accounts allow lower deposits. This ensures access to tight spreads starting from 0.0 pips, suitable for active trading strategies.  

What platforms are available?

Vantage provides MetaTrader 4, MetaTrader 5, and cTrader. These platforms support automated trading, advanced charting, and deep liquidity execution, making them suitable for zero-spread trading strategies.  

6. Exness

★ ★ ★ ★ ★

💰 Min Deposit: $10

📈 Leverage: Up to 1:2000

🏦 Regulators: CBCS, FSA, FSCA, CMA

Start Trading Read Review

  Exness offers zero-spread trading during most active market hours, especially on major currency pairs. This model combines competitive commissions with real-time liquidity, offering a cost-effective option for both novice and experienced traders seeking precision in fast-moving markets.  

Features

Category
🏛️ Regulation	FSCA FCA CySEC FSA
💰 Minimum Deposit	$10 / ZAR 180
📊 Average Spreads From	Standard / Standard Cent: from 0.3–0.7 pips Raw Spread: fixed 0.0 pips + commission Zero Account: from 0.0 pips on 30+ pairs most of the day Pro: from 0.1 pips
💹 Commissions From	Standard / Cent / Pro: No commission Raw Spread: $3.50 per side ($7 round trip) per lot Zero Account: from $0.20 per lot per side (varies by instrument)
💳 Deposit/Withdrawal Fees	Zero fees
📊 Maximum Leverage	Up to unlimited (conditions apply for balances under $5,000)
🔥 Bonus	Occasional promotions
☎️ Customer Support	24/7 multilingual support Live chat Email Phone
👥 Account Types	Standard Standard Cent Raw Spread Zero Pro
📈 Leverage	Flexible Tiered up to unlimited
🔘 Products Offered	Forex Metals Crypto Energies Indices Stocks
👍 Demo/Practice Account	Yes
💰 Spreads	Standard: ~0.3–0.7 pips, no commission Raw Spread: fixed 0.0 pips + $7/lot round trip Zero Account: 0.0 pips most of the day, low commission Pro: from 0.1 pips, no commission
🚀 Bonus	No Traditional Bonuses
💵 Account Currencies	USD ZAR EUR GBP
📙 Education	Webinars Market news Analysis Trading tools
💳 Withdrawal & Deposit Options	Instant local bank transfer Cards E-wallets Crypto Regional methods
🇿🇦 ZAR Accounts	Yes, ZAR accounts available
☎️ South African Telephone Number	+35725030959
📝Sign up	👉 Open Account

Pros and Cons

Our Findings

Exness offers 0.0 pips on majors with extremely low commissions, plus local ZAR deposits via EFT and instant withdrawals, a big advantage for SA clients. FSCA regulation and unlimited leverage (outside ESMA regions) make it stand out, though high leverage carries higher risk.  

What is the minimum deposit for Zero/Raw accounts?

Exness allows zero-spread trading with minimum deposits as low as $1–$10 (ZAR 18–180) depending on account type, making it highly accessible for South African traders starting with small capital.  

Are there commissions on zero-spread accounts?

Exness Pro and Raw accounts offer minimal commissions starting from $0.2 per lot, depending on the instrument. Standard accounts are commission-free but have slightly wider spreads, suitable for casual trading.  

7. IC Markets

★ ★ ★ ★ ★

💰 Min Deposit: $0

📈 Leverage: 1:5000

🏦 Regulators: FSA

Start Trading Read Review

  IC Markets’ Raw Spread account gives traders access to true ECN pricing with spreads starting from 0.0 pips. Instead of spreads, a fixed commission applies, ensuring consistent, transparent costs for scalpers and algorithmic strategies dependent on tight execution.  

Features

Pros and Cons

Our findings

IC Markets’ Raw Spread account features some of the tightest zero-spread pricing in the industry with $6 round-trip commissions and deep liquidity. While not FSCA-regulated, their consistency in spread control and broad asset offering make them a top choice for high-frequency traders in SA.  

What is the minimum deposit for Raw Spread accounts?

IC Markets Raw Spread accounts require a minimum deposit of $200 (ZAR 3,600). This provides access to 0.0–0.1 pip spreads on majors, ideal for scalpers and high-frequency traders in South Africa.  

Are ZAR deposits possible?

Yes, IC Markets accepts ZAR via instant bank transfer. E-wallets and cards are also available, ensuring convenient local funding for South African traders.  

8. HFM

★ ★ ★ ★ ★

💰 Min Deposit: $0

📈 Leverage: Up to 1:2000

🏦 Regulators: FSCA, FSC, CMA, and FCA

Start Trading Read Review

  HFM’s Zero Spread account allows orders at the exact bid-ask market price, replacing the spread with a per-lot commission. This approach supports strategies where small price differences matter, such as high-frequency or large-volume trading sessions in liquid markets.  

Features

Pros and Cons

Our Findings

HFM’s Zero Spread account offers 0.0 pips during active trading sessions with FSCA regulation and ZAR deposits. Commission is slightly higher than some competitors, and spreads can widen in volatile conditions. Still, its local presence and payment options make it one of the most accessible choices for SA traders.  

What is the minimum deposit for Zero Spread accounts?

HFM Zero Spread accounts have a minimum deposit of $5 (ZAR 90). This allows access to 0.0 pip spreads on majors and tight pricing for active traders in South Africa.  

Are there commissions on zero-spread accounts?

Zero Spread accounts incur commissions of $6–$8 per round-trip lot, while other account types may be commission-free with slightly higher spreads. This is competitive for scalpers in South Africa.  

9. Fusion Markets

★ ★ ★ ★ ★

💰 Min Deposit: $0

📈 Leverage: Up to 1:500

🏦 Regulators: ASIC, VFSC

Start Trading Read Review

  Fusion Markets’ Zero Spread account pairs tight interbank pricing with one of the lowest commissions in the industry. This cost-efficient setup is perfect for frequent traders seeking maximum transparency and minimal trade execution costs on forex pairs.  

Features

Pros and Cons

Our Findings

Fusion Markets delivers 0.0 pips with some of the lowest commissions in the industry ($4.50 round trip). While spreads are stable, the lack of FSCA regulation and no ZAR accounts may add currency conversion costs for SA clients. Ideal for cost-sensitive scalpers who don’t require local oversight.  

What is the minimum deposit for Zero accounts?

Fusion Markets offers zero-spread trading with a minimum deposit of $0, depending on the account. This provides low-cost trading opportunities for South African scalpers and high-frequency traders.  

What commission is charged?

Fusion Markets Zero accounts charge $4.50 per lot round-trip, one of the lowest in the industry. This keeps trading costs minimal for active South African traders.  

10. Eightcap

★ ★ ★ ★ ★

💰 Min Deposit: $100

📈 Leverage: Up to 1:500

🏦 Regulators: ASIC, FCA, CySEC, SCB

Start Trading Read Review

  Eightcap provides zero-spread forex and crypto trading through its Raw account, charging a small commission per lot. Its strong cryptocurrency offering makes it a go-to choice for cost-conscious traders operating in both traditional and digital asset markets.  

Features

Pros and Cons

Our findings

Eightcap offers Zero accounts with 0.0 pips plus crypto CFD access, which is rare in this segment. While pricing is competitive, no FSCA regulation and ZAR-based account support makes it less cost-efficient for SA traders. A good fit for crypto + forex traders seeking low spreads.  

What is the minimum deposit for Zero accounts?

Eightcap’s Zero account requires a $100 (ZAR 1,800) minimum deposit, providing 0.0 pip spreads and access to MetaTrader 4/5 platforms suitable for South African traders.  

What commission is charged on Zero accounts?

Commission is approximately $7 per lot round-trip, while Standard accounts remain commission-free but with slightly higher spreads. This makes Zero accounts better for high-frequency traders.  

11. GoMarkets

★ ★ ★ ★ ★

💰 Min Deposit: $200

📈 Leverage: Up to 1:500

🏦 Regulators: ASIC, CySEC, FSC, FSA, SCA

Start Trading Read Review

  GoMarkets’ ECN account delivers 0.0-pip spreads during liquid market hours, replacing the spread with a per-lot commission. With strong regulatory oversight, it offers transparent pricing and execution speed for traders requiring precision and low transaction costs.  

Features

Pros and Cons

Our Findings

Go Markets’ Raw account provides 0.0 pips on major pairs and is well-suited for traders seeking multiple platform choices. No FSCA regulation and no ZAR accounts mean potential conversion fees. Still, competitive pricing and platform variety make it a solid option for global-style traders in SA.  

What platforms are available?

Go Markets supports MT4, MT5, and WebTrader, offering advanced charting, automated trading, and zero-spread execution, ideal for South African traders seeking flexible platform options.  

What is the minimum deposit for Raw/Zero accounts?

Go Markets’ Raw account requires $200 (ZAR 3,600) minimum deposit for zero-spread trading on majors. Standard accounts allow lower deposits but with wider spreads.  

12. Roboforex

★ ★ ★ ★ ★

💰 Min Deposit: $10

📈 Leverage: Up to 1:2000

🏦 Regulators: FSC

Start Trading Read Review

  RoboForex’s Prime account gives traders access to zero spreads on top currency pairs, with a fixed commission per trade. This structure caters to experienced traders wanting ultra-tight pricing across forex, metals, and CFDs under flexible, high-leverage conditions.  

Features

Pros and Cons

Our Findings

RoboForex offers Prime accounts with 0.0 pips plus a low $4 commission, a broad asset range, and multiple bonus incentives. The main drawback is the absence of FSCA regulation and strict bonus withdrawal rules. For SA traders, this broker is attractive for aggressive growth strategies but carries higher regulatory risk.  

What is the minimum deposit for Prime accounts?

RoboForex Prime accounts start from $10 (ZAR 180), granting access to 0.0 pip spreads on major pairs. Other accounts have varying minimum deposits and commission structures.  

What commission is charged on zero-spread accounts?

Prime accounts have a $4 per lot round-trip commission, among the lowest in the industry. Standard accounts are commission-free with slightly wider spreads.  

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Frequently Asked Questions

How are pips calculated in zero-spread accounts?

Pips are measured as the smallest price increment for a currency pair, usually 0.0001 for majors. Zero-spread accounts show true market pricing, with costs shifted to fixed commissions rather than widened spreads.  

What are the hidden costs in zero-spread trading?

Hidden costs include commissions, overnight swaps, and funding fees. Even with 0.0 pips, traders must account for per-lot commissions, currency conversion charges, and occasional slippage during volatile market conditions.  

What types of spreads exist?

Spreads can be fixed, variable, or zero. Fixed spreads stay constant, variable spreads fluctuate with liquidity, and zero spreads offer 0.0 pips on select instruments, usually during peak trading hours, with a small commission applied.  

Which trading platforms are compatible with zero spreads?

Most zero-spread accounts support MetaTrader 4, MetaTrader 5, cTrader, and proprietary platforms. These platforms allow automated trading, charting, and deep liquidity access, ensuring fast execution and compatibility with scalping or high-frequency strategies.  

How do commissions work on zero-spread accounts?

Instead of earning from spreads, brokers charge a fixed commission per lot, often $3–$6 per side. This structure provides transparent costs, allowing traders to calculate exact expenses for scalping, day trading, or intraday strategies.  

How do zero spreads impact different trading strategies?

Scalpers benefit most due to precise entries and minimal transaction costs. Day traders also gain low costs, while long-term investors may find the difference negligible. Strategy efficiency depends on execution speed, commission levels, and liquidity.  

How is liquidity and execution speed managed?

Zero-spread accounts typically use ECN or STP routing, connecting traders directly to interbank liquidity providers. This ensures rapid execution, minimal slippage, and consistent pricing during peak market hours, which is crucial for high-frequency trading.  

Why is regulation and broker trust important?

Regulated brokers like FSCA, FCA, or ASIC protect traders against fraud, ensuring transparent operations, fair pricing, and fund safety. Offshore or unregulated brokers may offer low spreads but carry higher risk for South African clients.  

How does risk management work with zero spreads?

Traders must manage leverage, stop-loss placement, and position sizing carefully. Zero spreads reduce transaction costs, but high leverage or volatile markets can amplify losses, so risk management tools and strategies remain essential.  

How do market conditions affect zero-spread trading?

Spreads may widen or commissions increase during low liquidity or high volatility events, such as news releases. Zero-spread accounts perform best during major sessions with deep liquidity, ensuring predictable costs and minimal slippage.  

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