Direct answer: “no commission” in forex
Some forex brokers advertise “no commission,” meaning they do not charge a separate commission per trade. However, “no commission” does not automatically mean the trading service has no cost. Brokers may still recover expenses through other fee components, most commonly the spread (the difference between the buy and sell price) or a pricing markup.
Because broker fee structures vary by account type and trading conditions, there is no single, universal list of forex brokers that never take commission. Instead, you can determine whether a specific broker takes commission by verifying the broker’s published fee schedule for your account and instrument.
How “commission-free” works (and what it can still hide)
In forex trading, costs usually show up in one or more of these forms:
- Dealing commission: a separate charge linked to each order or trade.
- Spread-based costs: the broker sets a buy/sell difference; you effectively pay that difference when entering and exiting.
- Other account charges: examples can include inactivity fees, deposit/withdrawal fees, or platform-related fees (if applicable).
When a broker says “no commission,” it most often refers only to the dealing commission line item. The spread can still be wider, or the broker may price differently than a “pure interbank” reference. So two accounts can both be “no commission,” yet one can still be more expensive due to spread or other pricing factors.
Checks you can do to verify fee structure
To answer “which brokers don’t take commission” for real-world choices, verify these items in the broker’s own documentation:
- Commission page / fee schedule: look specifically for a “commission per trade” (or per lot) amount and whether it is listed as zero.
- Account type conditions: confirm whether “no commission” applies to the account you plan to use.
- Trading costs breakdown: review whether the documentation replaces commission with spread (for example, references to “raw spreads” plus an added charge, or “fixed spreads” with no commission).
- Instrument scope: confirm whether the same fee model applies across major FX pairs or also to other instruments.
If the documentation does not clearly state the dealing commission for your account type, treat the claim as incomplete. A correct interpretation requires mapping the “no commission” statement to the specific fee components that apply to your trading activity.
Limitations and risks of interpreting “no commission” claims
Even with good verification, there are important limits:
- No cost = no certainty. “No commission” can still leave spread or other pricing costs that are not labeled “commission.”
- Fee definitions vary. Some brokers use different wording for the same cost type; always check what is actually charged and when.
- Execution and market conditions matter. Your real total cost can change with liquidity and volatility, even if the commission itself is fixed.
For these reasons, the most accurate way to answer the original question is not by relying on a generic broker list, but by checking whether the broker charges a separate dealing commission for the specific account and instrument you intend to trade.