Finance & Capital Markets · GSC keyword page
Zero spread brokers
What “zero spread” usually means (raw spread + commission). Framework for comparing without vanity scores.
GSC legacy query impressions (comparebroker.io export): 1,991. Page updated 2026-09-29. Motus ingest remains paused.
Direct answer
Are zero spread brokers actually free?
Usually no. “Zero spread” or “raw spread” accounts typically charge a commission per lot while showing near-zero bid/ask spreads that still widen in volatile markets. Compare all-in cost (spread + commission + financing) on your pairs, and verify the broker’s license. Examples of brands marketing raw/zero accounts include Fusion Markets Zero and Pepperstone Razor — still not endorsements.
All-in cost math
Convert commission to pip-equivalent for your pair and lot size, then add average spread. Classic/standard accounts may be cheaper for tiny infrequent trades — measure, don’t assume.
Related pages
/fusion-markets-trading/, /pepperstone/, /forex-broker-comparison/
Verify before you send funds
- Read the legal entity on the account agreement (not just the brand logo).
- Look up that entity on the issuing regulator’s public register.
- Read the local PDS / FSG / Key Information Document for client-money and product rules.
- Test a small withdrawal before scaling size.
- Ignore star ratings, paid testimonials, and “trust indexes”.
Guides: Due diligence checklist · Verify a broker · Broker red flags · Cross-border broker check.
A listing or keyword page is an index/education record. It is not a license confirmation, a rating, or an endorsement by the regulator or by BrokerMafia. Indexed ≠ licensed ≠ recommended.
Questions this page answers
Best zero spread broker?
We do not rank.
Fusion Zero?
Marketing claim — confirm schedule; see /fusion-markets-trading/.