FxPro, the London-based broker that describes itself as the world's number-one global broker, announced on July 1, 2026 a complete overhaul of its trading conditions — eliminating spreads entirely on major cryptocurrency and index contracts for difference. The firm said the zero-spread policy covers Bitcoin, Ethereum, and additional instruments in both categories, collapsing a cost that has historically been embedded in every trade executed on its platform.
What Zero Spread Actually Removes
In CFD markets, the spread — the gap between the bid price and the ask price — is typically the primary mechanism through which a broker recovers transaction costs. It is invisible on the order ticket in one sense, but it registers immediately as slippage against any position opened and closed at the same quoted price. Removing it entirely on instruments like Bitcoin and Ethereum means the cost of entering and exiting a trade no longer includes that built-in margin. Traders who turn over positions frequently, or who operate across multiple instruments simultaneously, feel the compression of that cost most directly.
Scope of the Revision
FxPro characterized the change as a comprehensive revision of trading conditions rather than a promotional window or trial rate. Bitcoin and Ethereum were named explicitly in the announcement. The company indicated the policy extends to other major cryptocurrency CFDs and to index CFDs as well, though the announcement did not enumerate every instrument affected. The framing — "complete revision" rather than "new promotion" — suggests the firm intends this as a structural reset of how its products are priced, not a campaign with an expiration date.
The Competitive Arithmetic
Zero-spread positioning has appeared in CFD brokerage before, and it tends to function as a price-anchor signal as much as a cost-saving mechanism: it tells competing platforms where the floor is. FxPro's decision to apply this across cryptocurrency and index CFDs simultaneously, rather than isolating one asset class, broadens the pressure across product lines. The practical question for traders is whether eliminating the spread shifts costs elsewhere in the fee structure — overnight financing, conversion margins, or withdrawal terms — or whether the revision is as clean as it appears at the headline level. The announcement addressed the spread directly; it did not speak to those adjacent lines.