Trading commissions are quite common in forex brokers. Essentially, commission is a form of fee that traders pay per lot traded. Each forex broker charges different commission fees. Some traders may feel commissions are a normal expense, while quite of them feel that commissions are putting extra weight on their fees as trading positions are already charged spreads. The solution is to open an account with a broker that provides no-commission trading.

Many forex brokers do not charge additional fees to their clients. Here is a list of some commission-free brokers.

FBS

The Standard account in FBS broker offers competitive spreads without commission with leverage up to 1:3000. You can diversify your trading portfolio through various instruments including forex, metals, indices, energy, and shares. Everything can be accessed via the MetaTrader 4 and MetaTrader 5 platforms. For beginners, FBS also provides a demo version for a risk-free trial. Standard accounts only require deposits starting from $5, with floating spreads starting from 0.7 pips, and accommodate up to 500 open positions.

Octa

Octa provides favorable trading conditions on all accounts, starting from no-commission feature that includes trading, deposit, and withdrawal transactions. This broker also does not charge commissions for inactive accounts. Additionally, Octa offers leverage of up to 1:500, allowing clients to increase their opportunities and maximize profits with small capital.

XM

XM broker's Ultra Low account provides one of the best trading experiences in the industry through its popular instruments as well as zero swap and zero commission. With leverage of up to 1000:1, you can maximize your trading potential as high as possible. This account also offers competitive spreads starting from 0.6 pips on major currency pairs.

FXOpen

FXOpen offers a commission-free promotion up to December 31, 2024. By joining the program, you can enjoy 0% fees for deposits via card or WebMoney, as well as no commission in trading shares and index CFDs. This offer is valid for clients with deposits from €/£/$/2000. To activate this promotion, traders need to contact Customer Support after funding their accounts with the specified minimum deposit.

Eightcap

The Standard Account at Eightcap allows traders to benefit from commission-free trading with spreads as low as 1.0 pips. Interested in registering? Just prepare a minimum deposit of $100, and you can start trading with a minimum size of 0.01 lots.

This account type is compatible with Expert Advisors (EA), thereby adding flexibility to the way you manage your trades. To provide traders with a risk-free experience, Eightcap provides a free demo account with a validity period of 30 days or up to 5,000 orders.

FP Markets

FP Markets provides account flexibility tailored to various types of traders. For Standard Accounts available on the MT4 and MT5 platforms, traders can enjoy zero commission because all applicable fees are included in the spread. This feature offers an easy and cost-effective option for traders, especially beginners.

Closing

You can trade forex freely without having to worry about the funds in your account being deducted from additional fees. Apart from the abovementioned brokers, there are many more brokers that exempt you from trading commissions. You only need to check the information beforehand on the forex broker reviews or visit the broker's official website.