Zero-spread brokers may be the best way to reduce transaction costs。However, traders should also consider other factors such as initial deposit cost。By combining these two aspects, you can start trading with less money。

Spreads are one of the most important factors when choosing the right brokerage firm。Most traders believe that by choosing the lowest spreads available, transaction costs can be suppressed。There are many brokers offering low spreads today and traders have unlimited options。In fact, there are many brokers that offer zero spreads, and there are many benefits to opening a zero spread account。

Why recommend a zero spread account？

Some brokers may refer to their zero spread accounts as original or zero accounts, offering traders the lowest prices for all instruments involved, and the broker will not have any mark-ups, with extremely low or even zero spreads.。

For example, a trader wants to trade EUR / USD, the current price of the currency pair is 1.3404。Through a zero spread broker, traders will get exactly the same price without any mark-up, and the price of a standard account is often more expensive than the market offers。

In exchange for the zero spread, the broker will charge a commission for each trade executed by the trader。Some charge a fee for each open and close trade (per side), while others may charge a fee after a full round of trades。

Zero spread brokers are best for traders who want to reduce transaction costs, scalpers and new traders with small capital.。However, traders should be careful about other hidden costs of trading that they are most likely to overlook。In addition to commissions, they need to consider what the initial deposit cost is。

Why Deposits Are Important？

If you want to start trading with a broker, you must provide an initial deposit。However, not all brokers have the same requirements。Some set up large initial deposits to open accounts, while others did not。Brokers with low minimum deposits are ideal for traders just starting out。They can start financial markets quickly and easily, but won't charge traders huge start-up capital。After all, new traders are likely to make small transactions, so they are less keen to spend a lot of money on the market。

In addition to new traders, low deposit brokers are also ideal for traders who want to test multiple markets。They can spread their money across multiple assets, such as currencies, commodities, indices, etc.。Also, brokers with lower deposits usually accept smaller order sizes, which is useful for traders who don't want to spend too much cash。However, choosing a good low deposit broker may not be as easy as it sounds。Some of them may have hidden fees or may be scams。Therefore, it is very important to check its regulatory authority and legality。

Low Deposit Spread Broker

In order to get the best trading price, traders can apply to a low spread broker with a low initial deposit.。The combination of the two functions can help traders reduce transaction costs。This way, even if they don't have a lot of money at first, they can enter the market。There are many brokerage firms that offer original accounts and low deposit services, but not all are trustworthy。Here are some of the best zero spread brokers that offer affordable deposits and are very reliable。

1. IC Markets

IC Markets is an ASIC regulated broker known for having the best trading prices。The broker has two MetaTrader account types, the standard account and the original spread account。The original spread account means that traders can enjoy 0..A spread of 0 points, but each hand pays 3.$5 commission。IC Markets also offers a raw spread account in cTrader with a fee of only $3 per $100,000 of trading commission。

The initial deposit for the original account in IC Markets is $200, which is much cheaper than other zero-spread brokers.。Traders can also enjoy up to 1: 500 leverage to have more weight in the market。Traders who want to further reduce transaction costs can also use Islamic accounts。IC Markets allows all trading methods, and traders can scalp, hedge and diversify without any restrictions.。

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IC Markets International Capital Markets Pty Ltd.) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。

On the other hand, non-Australian traders who open accounts with the broker are registered under the Seychelles-based IC Markets SEY and are regulated by the Seychelles Financial Services Authority (SFSA).。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。

IC MarketsClassified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。

IC Markets "minimum deposits are at a moderate level compared to other ASIC-regulated brokers, as each customer has a deposit of $200.。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。

For payment methods, IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。

Due to the trading technology of IC Markets equipped with highly centralized servers and extremely low latency (especially on cTrader), the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。

In summary, IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。

2. Tickmill

Tickmill has three account types。The first is a classic account, or what most brokers call a standard account; the second type is a zero spread account, called a professional account, with a spread from 0.From 0 o'clock, with a minimum deposit of $100, traders will be able to obtain leverage up to 1: 500; the third is a VIP account with a maximum leverage of 1: 500 and a spread of 0.0。However, to open a VIP account, the trader should have a minimum balance of $50,000。

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Tickmill is an award-winning global ECN broker licensed and regulated by the Financial Conduct Authority (FCA), Cyprus CySEC and the Seychelles FSA。Founded in 2014, the company offers a variety of trading services to retail and institutional clients with a focus on foreign exchange, equities, commodities, CFDs and metals.。

For traders who prioritize spread value in broker selection, Tickmill offers premium services with low spreads, from 0.From 0 o'clock。

The London-based company's mission is to provide clients with the best possible trading environment so that they can focus on trading and become successful traders, such as offering 0.15 seconds of quick execution。With this setup, Tickmill gets CFI.Best Forex Executive Broker Award 2019 from co Awards。In addition, Tickmill has been awarded "Best CFD Broker in Asia 2019" by International Business Magazine, "Best Forex Broker in Asia" by Forex Awards and "Most Transparent Broker in 2019."。

After registering with Tickmill, traders can choose the most desirable asset among the 60 currency pairs available for trading。If the trader is not yet sure whether to open a real account, Tickmill recommends learning to trade through a demo account。

There are also educational features such as webinars, seminars, e-books and video tutorials。Traders can use all these facilities to increase their knowledge about trading and the financial markets in general。If traders already have enough knowledge, they have a greater chance of consistently earning profits。

For traders who sign up for a real account, they can choose to offer three types of accounts, including professional accounts, classic accounts and VIP accounts。Traders can take 0.01 minimum order opening。This applies to all types of accounts。

The company offers advice to traders who are still confused when choosing an account。For example, for novice traders, Tickmill encourages customers to opt for classic accounts。It provides the best conditions for fast order execution while enabling traders to use almost any trading strategy。In addition, the account does not charge a trading commission, so the trader only pays the buy / sell spread。In addition to the above three main accounts, Tickmill also offers Islamic accounts (free of overnight interest).。

At Tickmill, however, traders can only use MetaTrader 4 as their trading platform.。Although not much compared to other brokers, the Tickmill platform provides a user-friendly and highly customizable interface with sophisticated order management tools to help traders control positions quickly and effectively。

One-click EA integrated on MT4 enhances the convenience of Tickmill trading。Traders will automatically receive stop loss and take profit calculations; most importantly, Tickmill provides VPS hosting for automatic traders who do not need to worry about technical issues such as Internet connection。

They offer a variety of third-party research solutions, including Autochartist, a popular pattern recognition software that uses automated technical analysis to make predictions and generate trading signals.。Autochartist is available in the portal of Tickmill and as a platform plug-in for MetaTrader 4。

As a Tickmill customer, traders can deposit and withdraw money using multiple payment methods including Visa, Mastercard, Bank Transfer and Skrill。Tickmill accepts deposits and withdrawals in 4 currencies, including USD, EUR, GBP and Polish Zloty。

Overall, Tickmill is a competitive spread broker and offers a safe trading environment with its regulated entities located in three different jurisdictions.。Although the trading platform is not great, the analytical tools they provide to meet the needs of traders meet the standards of retail brokers。

3. FP Markets

FP Markets' zero spread account gives traders 0.Spread from 0 o'clock, the minimum account balance for this account is A $100。The broker uses ECN pricing for its execution type and charges a commission of $3 per lot per party。Traders can choose between MT4 and MT5 accounts and gain access to more than 60 forex pairs, metals, indices and commodities。FP Markets Original Account also offers EA for traders who prefer automated trading。The broker does not charge any deposit fees and pays internal banking fees for all international deposits。

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Maintaining an overnight position will not result in overnight / rollover fees reducing your income, so you don't have to worry about。FP Markets offers the most competitive swap rates in the industry by introducing swap points in the form of real-time swap rate listings on the MT4 and MT5 platforms。For example:

• ACWI: long position is -5.00, the short position is -2.50。
  ADAUSD: long position at -20.00, with a short position of -20.00。
  AGG: long position is -5.00, the short position is -2.50。

4. HYCM

HYCM zero spread account allows traders to 0..01 of the lowest trading volume enjoy 0.1 point spread with a minimum deposit of $200。In addition, when you are ready to open an account with HYCM, there are other factors that need to be considered。Traders can use credit or debit card deposits as well as bank transfers and e-wallets from brokers。No deposit fee will be charged for trading with HYCM。However, some traders may find it inconvenient to deposit money with this broker。

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HYCM, formerly known as HY Markets, is a London-based forex broker。Founded in 1977, the broker has been under the supervision of the UK's trusted and reputable regulator, the Financial Conduct Authority (FCA), for more than 20 years.。In addition, HYCM is regulated by well-known institutions such as CIMA (Cayman Islands Monetary Authority), CySEC (Cyprus Securities and Exchange Commission) and DFSA (Dubai Financial Services Authority).。

Regulated by world-renowned financial regulators and with representative offices in the UK, Hong Kong, Cyprus and Dubai, customers who open an account with HYCM can rest assured that they are a reliable and safe company that specializes in providing the best trading solutions。

As part of the Societe Generale Group, HYCM has chosen to provide access to a wide range of trading markets, including currencies, equities and commodities.。In addition, HYCM has accumulated numerous awards since its inception, including Best Mobile Trading Platform in World Finance (2017) and Best Forex Broker in UAE (2017) in Global Banking & Finance Review.。

Its recognition as an industry leader has helped HYCM to be known as the world's best broker, and HYCM has a long history of delivering superior and trusted trading experiences, providing clients with everything they need to make informed trading decisions.。

HYCM offers its clients some excellent trading conditions, including good liquidity and low spreads, as well as providing ultra-efficient services。These services are in line with their commitment to focus on fast execution and low-cost transactions。The trading conditions offered by HYCM vary by trading instrument:

Foreign Exchange

• Spread: 0.From 2 o'clock
• Maximum leverage: 1: 30

Stock

• Spread: from 18: 00
• Maximum leverage: 1: 5

Index

• Spread: 2.From 0 o'clock
• Maximum leverage: 1: 20

Commodities

• Spread: 3.From 0 o'clock
• Maximum leverage: 1: 20

Since HYCM aims to be a broker of the latest technology, they strive to meet the changing needs of customers by adopting the latest technology, thereby maintaining a leading position in industry trends。HYCM offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms to help traders of all skill levels and offers advanced technical analysis, flexible trading systems, EA trading and mobile trading applications。

For novices in the foreign exchange field, HYCM has prepared a large number of educational resources and comprehensive products, which provide them with great help, such as some foreign exchange tutorials, trading strategies, foreign exchange e-books and beginner courses。HYCM Trading also offers a number of useful tools including calculators, economic calendars, news and market outlooks, all of which are good options for all types of investors, from beginners to professionals。

Finally, HYCM also offers a variety of convenient deposit and withdrawal methods through bank transfers, credit cards and electronic payments (Neteller, Skrill).。Although bank transfers can take up to 5 days to appear in a trading account, all other methods are processed immediately for instant transactions。A variety of currencies are accepted as base currencies, including US dollar and euro, as well as KWD (Kuwaiti Dinar), AED (UAE Dirham), RMB (Chinese Yuan) and SAR (Saudi Riyal)。

If you are looking for a reputable and trusted broker to start trading and invest your funds, then HYCM is a good choice。As they are fully licensed and regulated, the security of investors' financial and personal information is guaranteed。The choice of user-friendly trading platform makes HYCM a wise choice for both novice and experienced traders。

5. Admiral Markets

Admiral Markets offers a zero spread account with a spread from 0 for MT4 and MT5 with a minimum deposit of $250。Traders can use different trading instruments, including forex currency pairs, metal CFDs, cash index CFDs and energy CFDs。Commissions for each instrument vary, with Forex and metals commissions starting at 1 per lot..From $8。

6. Exness

Exness is a trusted and excellent original account broker。The broker offers the lowest original spread, starting at 0, no mark-up, and the commission remains at 3.$5 low and promised not to re-quote due to fast trade execution。Traders can use more than 160 tools including Forex, Cryptocurrencies, Energy and more。Simply deposit at least $200 and traders can enjoy the unlimited leverage that Exness offers。Best of all, the broker also offers 24 / 7 instant withdrawals, and 98% of withdrawals are processed automatically.。

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The choice of broker is adjusted according to the needs of each trader. If you only need the basic platform and trading functions with the best attributes, then Exness may be your best choice。

Exness with its 0 only.Advantages such as the low spread from 1 o'clock make up for the lack of changes in its functions, which is very suitable for traders using scalping strategies (Scalper)。Spreads for major currency pairs in some account types can also be as low as 0.0 point, depending on market conditions。

Not only that, traders can also enjoy other advantages such as automatic withdrawals。Exness will process most customer withdrawals immediately without manual inspection; however, depending on the payment provider or method selected, withdrawals may be restricted。

Exness is one of the STP / ECN brokers in Europe, and the safety of traders' funds is also guaranteed。Exness became the official partner of Real Madrid football team for 3 years from July 2017, which also proves that the company has a high degree of stability.。

Exness supports deposits and withdrawals 24 hours a day, 7 days a week。However, it should be noted that the Company does not assume any responsibility if there is a problem with the deposit or withdrawal due to the payment system.。

Traders don't need to worry about transaction fees when making deposits and withdrawals.。Exness does not charge traders any transaction fees, and the chosen payment provider may incur some fees。Exness offers traders a variety of payment methods, including wire transfers, bank cards, Neteller, Skrill and more。

Financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the world's top four accounting firms。

In addition, Exness is one of the most transparent brokers in the online trading industry, and traders can find all the information about the company on the website, such as trading volume, number of active customers, customer deposits, company funds, etc.。

Exness offers different platforms, including MetaTrader 4, MetaTrader 5, web and mobile platforms。This makes it easier for traders to trade on Exness because they can also access the Exness platform anytime, anywhere.。

Over the years, Exness has developed into a broker that attracts traders, who comply with financial regulations such as FCA and CySEC, further strengthening their trust.。

One measure of customer confidence is the volume of transactions。As of December 2018, the monthly trading volume of its clients reached $348.4 billion, with more than 50,342 active traders worldwide.。

With the programs offered by Exness, traders also have the opportunity to earn extra income by becoming their partner。By introducing the Broker (IB) program, partners can earn up to 33% spread commission from each new customer who registers。

Additional income from Exness Partners。Traders who register through the member link can earn up to 25% spread commission per trade.。

Customers can also use their free VPS hosting service when trading at Exness。VPS (Virtual Private Server) provides traders with greater reliability and stability because they can maintain their trading and expert advisors without interruption in the event of unexpected technical problems (such as Internet or power outages)。

In summary, Exness is a trader's favorite broker due to its low spreads and flexible account type, ideal for traders with limited funds but need more opportunities to maximize profits。The broker is also known for its maximum support for new and old partners.。

Conclusion

The use of zero-point spread accounts can reduce transaction costs, but this does not mean that other aspects can be ignored.。After all, trading has many hidden costs, such as initial deposits Some brokers may require large deposits, which may be wasteful if traders only want to make small transactions。Therefore, finding brokers with lower deposits is also a good way to reduce costs。Spreads and deposits are both important factors in controlling transaction expenses。