Best No-Commission Brokers

The FX world is split into two general types of broker, market makers ECNs, and each has a different pricing structure. The former will make money from traders based on spreads, while the latter will charge small amounts of commission. For many people market makers are a much savvier trading option which is why has compiled a list of the best non-commission brokers.

In general a market maker will make money through spreads which are based on the bid price and the asking price of a particular currency pair. Essentially, these brokers will set an exchange rate on the market and allow traders to purchase that currency at a slightly different rate. This gap between the market price and the buy price is known as the spread and measured in pips.

In contrast, an ECN broker will draw its prices from a range of sources and because they aren’t in charge of setting the prices they don’t need to rely as heavily on spreads. Instead an ECN broker will charge a small amount of commission on each trade in order to generate a profit. Typical commission charges usually range from $2-$3 per round lot traded and are collected at the point of sale.

At we realise that both market makers and ECN brokers offer different benefits and that traders have different preferences when it comes to investing their money. For this reason we’ve divided our database of more than 200 sites into commission and no commission Forex brokers.

Collating them into one easy-to-read platform, our list of non-commission FX brokers allows users to see exactly how many pips a site will charge on each trade, as well all the other trading conditions they offer. Indeed, while some traders will desire low leverage and tight spreads, others will be more focused on small deposit limits and the amount of currency pairs on offer.

No matter what your preferences are, has got every angle covered when it comes to no commission Forex brokers. Regardless of whether someone is an expert or a novice, our objective reviews will ensure they find the most profitable virtual platform for their needs.

Best No-Commission Brokers
Rank #1 #2 #3 #4 #5 #6 #7 #8 #9 #10
Broker eToro logo Forex Broker Inc. logo iFOREX logo AC-markets logo FXCM logo XEMarkets logo OctaFX logo Easy-Forex logo Saxo Bank logo LiteForex logo
Name eToro Forex Broker Inc. iFOREX AC-markets FXCM XEMarkets OctaFX Easy-Forex Saxo Bank LiteForex
Editorial Review Read Read Read Read Read Read Read Read Read Read
Visit Site Sign Up Sign Up Sign Up Sign Up Sign Up Sign Up Sign Up Sign Up Sign Up Sign Up
Editorial Rating 4.34 4.33 4.16 4.15 4.02 4.00 3.99 3.96 3.96 3.94
Account Details
Commission/Service Fee No No No No No No No No No No
Minimum Deposit $50 $5 $100 $1,000 $50 $5 $5 - $10,000 $1
Maximum Leverage 400:1 500:1 400:1 100:1 200:1 888:1 500:1 200:1 200:1 1,000:1
Position Size 10,000 - 2,500 - 1,000 1,000 - 5,000 5,000 1,000
Spread - EUR/USD 3.00 0.70 3.00 2.00 2.70 1.90 0.60 4.00 2.00 3.00
Spread - GBP/USD 4.00 0.70 4.00 2.50 2.80 2.60 0.60 5.00 3.00 3.00
Accept US Traders No Yes No No Yes No No No No No
Market Maker Yes Yes Yes No No Yes No Yes Yes No
ECN Broker No No No No No No Yes No No Yes
Demo Account Yes Yes Yes No Yes Yes No Yes Yes Yes
MetaTrader 4 No Yes No Yes Yes Yes Yes Yes Yes Yes
MetaTrader 5 No No No No No No No No No Yes
Hedging Yes No No Yes Yes Yes Yes Yes Yes Yes
Scalping No No No Yes Yes Yes Yes No Yes Yes
Bonus Yes Yes Yes No No Yes Yes Yes No Yes
Rebate Yes No No No No No Yes Yes No Yes
Payment Options
Credit/debit Yes Yes Yes Yes Yes Yes No Yes Yes No
Moneybookers Yes No Yes No No Yes No Yes No Yes
WebMoney Yes No Yes No No Yes No No No Yes
Wire Yes Yes Yes Yes Yes Yes No Yes Yes Yes
PayPal Yes No No No No No No No No No
Company information
Name eToro (Europe) Ltd Noble Services Formula Investment House Limited Swissquote Bank SA Forex Capital Markets, LLC Trading Point of Financial Instruments Ltd. Octa Markets Incorporated Easy-forex Saxo Bank LiteForex
Found in 2007 2012 1996 1999 1999 2008 2011 2003 1992 2005
Regulation Authority CySEC (Cyprus) - - - NFA (US), CFTC (US) SFC (Hong Kong), ASIC (Australia) CONSOB (Italy), FCA (UK) DGCX (Dubai), BaFIN (Germany) ACP (France), AMF (France) CySEC (Cyprus) - ASIC (Australia), CySEC (Cyprus) SFC (Hong Kong), FCA (UK) FSA (Japan), FSA (Denmark) FINMA (Switzerland), CNMV (Spain) ACP (France) SIBA
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Risk Disclosure: will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs. does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by for the purposes of trading.

Based on these conditions, will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.