Discover the most reliable commission-free forex brokers for safe trading. These brokerage platforms make FX trading globally accessible. In fact, no-commission FX brokers offers a more cost-effective approach to engage in forex markets. Of course, these forex brokers reviews state that they still charge other fees to execute your trades.
Typically, low cost firms earn revenues through alternative streams – including inactivity fees, spreads, and overnight fees. As an FX trader, carefully evaluate the terms and conditions of no-commission models to avoid potential losses in the future. Keep reading to learn about the most reliable commission free forex brokers for safe trading.
Interactive Brokers Commission-Free Account
Compare Interactive Brokers as a trusted FX broker for low-cost opportunities. Choose IBKR Lite accounts for unlimited free transactions on US exchange-listed stocks & ETFs. For options trades, you’ll be charged a $0.65 per-contract fee – similar to many other reputable & trusted brokers.
In addition to unlimited zero-fee solutions, IBKR Lite stands out with:
- No Account Inactivity Fees
- Competitive Interest Rates
- Powerful Online Platforms Suite
- Yield Enhancement Programs
- $0 Account Minimums
> The IBKR Lite service tier is ideal for beginners and casual users. For advanced strategies, utilize IBKR Prop – which charges variable fees ranging from $0.0005 and $0.0035 per share. Open an Interactive Brokers account for beginners, offering secure, low-cost, and innovative FX trading opportunities.
CMC Markets Commissions
CMC Markets is among the top lowest spread brokers for forex trading. The platform offers less commissions and fees in the forex industry. You can enjoy a spread close to the minimum average spread across various platforms. Their zero-spread account, such as MT4, Next Generation and FX Active, offers minimum spreads of 0 pips. While the broker charges $2.50 commission, you can lower overall costs with competitive spreads. You can take advantage of FX Active commission-based pricing for lower charges.
With FX Active you can trade on forex from 0.0 pips. Moreover, the platform has a spread-only pricing model that offers you competitive spreads. The active trader also gets a rebate when they surpass certain volume thresholds per month. Surely, CMC Markets offers commission-free trading for forex and CFD trade
Plus500 Commission-Free Broker
Pluss500 is a regulated forex broker that offers commission-free dealing on multiple trading instruments. To compensate for direct trading fee, a variable spread is applied to currency pair. You get access to 2,800 financial trading instruments with a spread reaching as low as 0.8 pips during some market conditions. The company provides an in-house trading platform available on mobile and desktop devices. On platforms such as American exchange, the commission charged is 0.006$ per share. Closing fee would be $30 on shares transferred to an OTC market.
As a CFTC regulated broker, Plus500 covers payment fee for withdrawal and deposit transactions; on rare occasions, your issuer or bank charges a certain transfer fee. For instance, transacting using a non-supported currency might incur some charges. The conversion charges are about 0.3% per transaction or trading activity.
Forex.com Fees
Forex.com is one of the most reliable commission-free brokers for safe trading. As an FX trader, Forex.com primarily earns revenue through spreads. You can select Forex.com’s Standard account to leverage a free pricing model. Of course, you’ll need to pay a higher average forex brokers fees for a spread of 1-2 pips for major currency pairs.
With your live account, you can access multiple tradable markets for increased profit potential. High-volume traders may consider Forex.com’s zero fee-based accounts for more low spreads crypto pairs on all FX account.
IC Markets Commission Free Accounts
IC Markets is a recommended platform for commission-free trading. The platform offers low commission and zero spreads account. The commission costs on the raw account are AUD 4.50 and USD 3.50 per lot. You can choose from various account types, such as cTrader, Raw Spread and Standard with varying charges. With competitive prices, traders can enjoy low FX and CFD fees with no inactivity charges. Checkout IC Market bonus offers and various forex fees:
| IC Markets | Fees |
| Commission per lot | 3.5 |
| EURUSD spread | 0.0 |
| GBPUSD spread | 0.0 |
| AUDUSD spread | 0.0 |
| EURCHF spread | 0.2 |
| EURGBP spread | 0.2 |
Open a standard account with IC Markets to take advantage of the lowest $0.0 commission rate. Moreover, you can also lower costs with no additional deposit and withdrawal charges. Definitely, choose low-commission brokers for forex trading.
AvaTrade
AvaTrade is another reliable commission-free forex broker for safe trading in 2024. This broker is well-known for fixed or floating spreads with no commission charges. In the AvaTrade review, the company holds strict and strong regulations in countries like Japan, Ireland, and South Africa.
Apart from the European Union, AvaTrade offers 400:1 maximum leverage on their accounts. Moreover, you can trade over 55 forex currency pairs, 20 equity indices, 17 commodities, and more. With a no-commission pricing model, AvaTrade and Exness offers varying spreads for different currency pairs. For instance, you can trade EURUSD with a starting spread of 0.9 pips. Meanwhile, you need to pay a 0.13% minimum spread for equity trading.
Read AvaTrade vs Interactive Brokers fees.
Oanda Low Commission Trading
Oanda is global exchange offering low commission trading with 60+ currency pairs. Oanda entities have spread-only pricing model or you can opt for core pricing + trading fee model. The former has trading costs built inside the spread. The average price gap is 1.4 pips on major currency pairs as EUR/USD, which translates to $14 on a standard 1.0 lot size. The charges per lot on this model is $0. On core pricing, you are charged $5 as a fixed price per each side. This translates to $9 per trade on a standard lot size, making it a reasonable option for low cost trading. Alongside, you get standard, premium, and premium plus as trading account types. Only premium plus traders can leverage the fixed charges methods. Occasional traders are recommended to consider the inactivity fee of 10 currency units monthly after 12 inactive months.
FXTM
FXTM is another one of the reliable no-spread forex brokers with lowest commission charges. Founded in 2011, this reputable broker offers competitive spreads for different accounts. FXTM offers three types of commissions with unique features- Cent, Shares, and Standard. For Cent accounts, you can start trading with a minimum amount of $10.
Whereas, standard accounts require a minimum deposit of $100. With these commission-free FX accounts, you can access different trading instruments like stocks, forex, cryptocurrencies, and commodities. Additionally, you get access to an advanced, secure, and user-friendly trading platform to analyze the latest technical indicators. Experience a safe trading experience with secure payment options to submit your first deposit.
Capex
Capex is another reputed commission free forex broker for safe trading. Plus, Capex.com supports competitive 0.01 pips spreads for major currency pairs like GBPUSD and EURUSD. When paired with a no-fee model, you can leverage ultra-light spreads to maximize your profit earnings and enjoy a favorable trading experience. Follow Capex’s advanced educational resources, blogs, and videos to carefully manage your trading accounts. Ultimately, these latest market trends, updates, and news will help make the right trading decisions in all positions.
Pepperstone
Explore Pepperstone for safe trading with a commission free broker. The Pepperstone review states that you can also access a live account with a minimum FX spread of 0.70 pips and an average trading cost of $8 per lot. Additionally, more experienced traders can also access commission-based accounts with spreads starting from 0.1 pips. Of course, the higher commission of $7.0 per lot increases the trading costs to match a regular trading account. As a result, you can choose an account type best suited for your experience, strategies, and trading style.
Follow the points above to find the most reliable commission free forex brokers.
