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Zero Spread Showdown: JustMarkets vs IC Markets
Zero Spread: Familiarity and Overview
Zero spread accounts are in high demand among Forex traders as they open up opportunities for traders to open high volume trades by reducing commission costs for the Forex broker. This type of account ensures the difference between the bid and ask price is zero or very close to zero, which significantly reduces the trader’s commission costs and allows more capital to be allocated to open a higher volume sell or buy position. It also means that you trade by the side of forex broker with lowest fixed spread and can rely on services of forex broker with lowest spread. Zero spread accounts are particularly popular among scalpers and traders who open many trades throughout the day and benefit from tight spreads.
Impact of Zero Spread Performance on Broker Rating
The performance of zero spread accounts is one of the key factors in the attractiveness and overall ranking of a forex broker. Brokers that offer competitive zero spread accounts are, for the most part, much more competitive and attract more traders. Their reputation in the industry is also much higher for providing such an important service to their clients. Speed of order execution, reliability and stability of spreads during periods of increased volatility are also key components of the great popularity of zero spread accounts.
JustMarkets Zero Spread
Description of JustMarkets Zero Spread
JustMarkets provides zero spread accounts, which attracts a large number of traders who pursue different economic goals from trading. These account categories are ideal for traders with limited financial resources and who prefer trading strategies that minimize transaction costs. JustMarkets provides an account type that guarantees support for narrow spreads for a wide range of instruments, including major forex currencies (EUR/USD, USD/JPY), commodities (XAUUSD, XAGUSD) and indices (SPX, NDX).
Advantages and Features of This Offer
- Narrow spreads: JustMarkets spreads can be ultra-narrow even during volatility spikes in the financial markets.
- High execution speed: high speed means minimal slippage.
- Variety of instruments: trade with zero spread forex currencies (EUR/USD, USD/JPY), commodities (XAUUSD, XAGUSD) and indices (SPX, NDX).
- No hidden commissions: helps you build a stable, effective trading strategy.
IC Markets Zero Spread
Description of IC Markets Zero Spread
IC Markets is renowned for its zero spread accounts, catering to traders looking for the lowest trading costs. IC Markets offers competitive spreads, especially on major forex pairs and commodities like gold. Their zero spread accounts are popular among scalpers and high-frequency traders who require precise execution and minimal costs.
Comparison with Similar Offers of Other Brokers
IC Markets zero spread accounts are very popular due to the symbiosis of two key factors: tight spreads and low commissions. Compared to other brokers, IC Markets is one of forex broker with lowest spread in industry, especially when it comes to lowest spread Forex Broker for gold and currency pairs. On some trading instruments, the broker’s spreads tend to zero, thus gaining the attention and interest of traders who pay special attention to planning trading costs.
Comparative Analysis
In this comparison table you can familiarize yourself with the services offered by IC Markets and JustMarkets, especially spread IC Markets and JustMarkets spread to find out lowest spread forex broker. Special attention should be paid to the difference in leverage, as well as the variety of trading instruments of each platform:
Feature | JustMarkets | IC Markets |
Spreads | from 0.0 pips | from 0.0 pips |
Leverage | up to 1:3000 | up to 1:500 |
Execution Speed | from 0.01 sec | from 0.04 sec |
Trading instruments | 260+ | 2250+ |
Commission | transparent, no hidden fees | Low commissions |
Account Types | multiple options available | Specialized zero spread account |
As we can see from the data in this table, each broker has its own key competitive advantages that distinguish it from other companies. JustMarkets puts a great emphasis on efficiency and speed of order execution, as well as on narrow spreads and shrewdness with regard to commissions. At the same time, IC Markets, as a best forex broker lowest spread, is inferior in these parameters, but compensates for it with a wide list of available trading instruments.
Assessing the Competitive Advantages of Each Broker
- JustMarkets: Offers a wide range of instruments and provides open data on price formation and commission structure on the platform. The zero spread account type is used by a large number of traders due to the wide range of trading strategies that the zero spread account type makes much more effective.
- IC Markets: The combination of high speed of order execution and tight spreads makes this broker popular among different categories of traders. A significant percentage of IC Markets clients use a zero spread account and for scalping and high-frequency trading and take advantage of IC Markets gold spread.
How to Choose the Best Zero Spreads
Factors to Consider When Choosing Between JustMarkets and IC Markets
- Trading Style: Determine your trading type. You vitally need an account type with zero spread and high execution speed if you trade intraday (scalping, high frequency trading).
- Range of Instruments: Research specific financial market trading instruments, spreads and profitability per pip to select the most efficient assets in terms of profit potential and cost.
- Commissions and Fees: Based on your strategy and financial instruments, find out how much you spend on commission costs.
- Execution speed: For high-frequency traders and scalpers, as well as those who trade on the news, high execution speed is key to minimizing slippage.
- Customer Support: Customer support can be an important addition for a trader while shaping their trading goals and strategy through additional advice.
Tips for Choosing the Most Suitable Zero Spread Broker
- Research and Compare: Thoroughly research and compare different brokers’ zero spread offerings.
- Test with a Demo Account: Use a demo account to test the broker’s trading platform and execution speed.
- Read Reviews: Check reviews and testimonials from other traders to gauge the broker’s reputation.
- Evaluate Trading Conditions: Consider trading conditions such as leverage, margin requirements, and available trading platforms.
Factor | JustMarkets | IC Markets |
Trading Style | Best for scalping | Versatile |
Instrument Range | Focus on stocks and forex | Broad |
Commission and Fees | Transparent structure | Transparent structure |
Advanced Charting | + | + |
Customer Support | 24/7 | 24/7 |
By carefully considering these factors, you can choose the zero spread broker that best fits your trading needs and preferences. Both JustMarkets and IC Markets offer competitive zero spread accounts, each with unique advantages to suit different trading styles and strategies.
In conclusion, both JustMarkets and IC Markets provide excellent zero spread accounts, catering to traders seeking the lowest trading costs. While JustMarkets offers a broader range of instruments and transparent pricing, IC Markets stands out for its extremely tight spreads and high execution speed. Depending on your trading style and preferences, either broker could be the right choice for you.
FAQ
At JustMarkets, the minimum deposit requirement to access a zero spread account is typically $100. This allows traders to start trading with zero spreads while maintaining a relatively low initial investment. However, this amount can vary based on specific promotions or account types, so it’s always a good idea to check the latest details on their website or contact their customer support.
For IC Markets, the minimum deposit requirement to access a zero spread account is $200. IC Markets emphasizes providing competitive trading conditions with this deposit level, ensuring traders can benefit from their tight spreads and efficient execution.
JustMarkets:
- Forex (major, minor, and exotic currency pairs);
- Commodities (including gold and silver);
- Indices (various global indices);
IC Markets:
- Forex (major and minor currency pairs);
- Commodities (including gold, silver, and other metals);
- Indices (global indices);
- Cryptocurrencies (Bitcoin, Ethereum, and others);
- Bonds;
JustMarkets:
- Major currency pairs (e.g., EUR/USD, GBP/USD, USD/JPY);
- Minor currency pairs (e.g., EUR/GBP, AUD/USD, NZD/JPY);
- Exotic currency pairs (e.g., USD/TRY, EUR/ZAR, GBP/SGD);
IC Markets:
- Major currency pairs (e.g., EUR/USD, GBP/USD, USD/JPY);
- Minor currency pairs (e.g., EUR/GBP, AUD/USD, NZD/JPY);
- Exotic currency pairs (e.g., USD/TRY, USD/MXN, EUR/NOK);