| Updated: December 9, 2024- Jump to:
- Main Features
- Compared By Leverage and Commission per Lot
- Forex Brokers with Raw Spread Accounts by Spread
- What Are Raw Spread Accounts?
- Benefits of Raw Spread Accounts
- Costs Associated with Raw Spread Accounts
- Features to Look For
- Popular Forex Brokers Offering Raw Spread Accounts
- Who Should Use Raw Spread Accounts?
- Common Misconceptions
- Raw Spread Accounts vs Standard Accounts
- Final Thoughts
Choosing the right Forex broker is tedious, especially when you see plenty of them offering the same thing or promoting any unique selling point. Raw spread accounts have found immense popularity due to transparency and low cost. But what exactly are they? What are their benefits and how to find the right broker with raw spread accounts? The article answers all of these questions popping into your mind.
Fusion Markets74-89% of retail CFD accounts lose money- Global Prime74-89% of retail CFD accounts lose money
- FP Markets73.85% of retail investor accounts lose money
- Pepperstone75.5% of retail investor accounts lose money
- IC Markets 70.64% of retail investor accounts lose money
- BlackBull Markets
- Exness
- HFM
- Eightcap76.09% of retail investor accounts lose money
- Vantage FX
Main Features of the Best Forex Brokers with Raw Spread Accounts
- Min Deposit$0Trading InstrumentsForex, Commodities, Indices, Crypto, US StocksRegulatorsASIC, FSA (Seychelles), VFSC (Vanuatu)Trading PlatformsMetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy Trade, TradingViewSpread0.9 pips Classic; 0.0 pips ZeroLeverage1:30 (1:500 for forex and metals via VFSC)Deposit MethodsVisa, Mastercard, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, Bitcoin, Ethereum, Litecoin, USDT, Tether, Ripple, bank wire, ZotaPay, VNPay, DuitNow, XPay, DragonPay, VAPay, FasaPay, AstroPay, PayID, Jetonbank, Sticpay, Interac, LuqaPay, Zotapay, MiFinityWithdrawal MethodsVisa, Mastercard, Bank Wire, Skrill, Neteller,Bitcoin, Ethereum, Litecoin, Tether, Ripple, MiFinity, Interac, PayPal, AstroPay, Jetonbank, DragonPay74-89% of retail CFD accounts lose money
Founded in 2017, Fusion Markets is a forex broker of international renown. The company operates through licenses from the financial regulators in Australia and Vanuatu and boasts a strong selection of major, minor, and exotic forex pairs. Forex traders looking for 0.0 spreads and competitive commissions should check out what this broker has in store.
The Zero Account type offers a favorable combination of zero spreads and a $4.5 commission per lot, enabling traders to maximize their profitability and enjoy complete visibility of their trading costs. Besides Zero Accounts, the broker offers also a Classic Account, a Demo account, and an option for a Swap-Free Account. As the company states, the Zero Account is the most popular account type with its customers. It perfectly aligns with the trading style of day traders and scalpers.
- Min Deposit$50 (AU$100)Trading InstrumentsForex CFDs, Shares CFDs, Metals CFDs, Commodities CFDs, Indices CFDs, Crypto CFDs, ETF CFDsRegulatorsASIC, CySEC, FSA (Seychelles), FSCA, FSA (St. Vincent and the Grenadines)Trading PlatformsMetaTrader4, MetaTrader5, WebTrader, IRESS, cTrader, TradingViewSpread1.0 pips Standard; 0.0 pips RawLeverage1:30Deposit MethodsVisa, Mastercard, Neteller, Bank Transfer, Skill, Sticpay, Fasapay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, Crypto, Apple Pay, Google Pay, Online Banking, Broker to Broker, PayPal, XPay, RapydWithdrawal MethodsVisa, Mastercard, Bank Wire, Neteller, Skrill, Paytrust88, PayPal73.85% of retail investor accounts lose money
FP Markets has been catering to the needs of traders since 2005, offering 10,000+ tradable instruments, including 70+ forex pairs. Against a minimum deposit of $100, the brand offers a commission-based Raw Account, available for the MT4 and MT5 platforms. It features a competitive cost structure of spreads as low as 0.0 pips and a $3 per side commission.
FP Markets’ Raw account stands out with deep liquidity and ultrafast execution speed. It is typically preferred by short-term forex traders such as day traders and scalpers, prioritizing tighter spreads. Alternatively, the broker offers Standard accounts that would cater to the needs of long-term forex traders or ones trading less frequently.
- Min Deposit$0Trading InstrumentsForex, Indices, Commodities, Cryptocurrencies, Share CFDs, ETFsRegulatorsUK FCA (No.684312), CySEC (No. 388/20), ASIC (No. 414530), BaFin (No.151148), DFSA, CMA, SCB (Bahamas)Trading PlatformsTradingView, MT5, MT4, cTraderSpreadFrom 0.0 pips (Razor Accounts), 1 pip (Standard Accounts)Leverage1:30Deposit MethodsVisa, Mastercard, PayPal, Bank Transfer, BPay, Neteller, SkrillWithdrawal MethodsVisa, Mastercard, PayPal, Bank Transfer, BPay, Neteller, Skrill75.5% of retail investor accounts lose money
Pepperstone is a multiregulated forex and CFDs broker, renowned for offering favorable trading conditions to customers. The broker supports two main account types accommodating the needs of traders of all levels. Among these, the Razor Accounts emerge as a popular choice for experienced traders looking for low trading costs and lightning-fast execution. They unlock access to raw spreads from liquidity providers, without intervention from a dealing desk.
Spreads start from as low as 0.0 pips for major forex pairs. Razor account holders pay a commission fee that varies based on the selected trading platform. Traders who have picked the MT4 and MT5 platforms pay a commission of $3.5 per side per lot, or €2.6 per side per lot for EUR accounts. Those who have opted for the TradingView platform are charged a commission of $3.5 per side per lot. The cTrader platform entails a lower rate of $3 per side per lot.
- Min Deposit$0Trading InstrumentsForex, Cryptocurrencies, Indices, Commodities, BondsRegulatorsASIC (No. 385620), VFSC (No. 40256)Trading PlatformsMT4 Desktop, MT4 Webtrader, MT4 AndroidSpread0.9 pips Standard, 0.0 pips RawLeverage1:500 (1:30 for ASIC entity)Deposit MethodsVisa, Mastercard, PayPal, Skrill, Neteller, Gate8, Dragonpay, Fasapay, VNPay, Pagsmile, BPay, POLi, AstroPay, Bank Transfer, Interac, Perfect Money, PayID, Jeton, MiFinity, XPay, CryptoWithdrawal Methods
Mastercard, Visa, Local Bank Transfer, Bank Wire Transfer, Skrill, Neteller, AstroPay, PayPal, Dragonpay, Perfect Money, Jeton, Interac, Cryptocurrencies
74-89% of retail CFD accounts lose moneyGlobal Prime is among the top-rated brokers offering a competitive pricing structure. The company’s Raw Account holders benefit from 0.0 pip spreads and a commission of $7 per round trip. Minimum trade size starts from 0..01 lot and maximums reach 1,000 lots. The account has a stop-out level of 20%. Scalping, hedging, and Expert Advisors are allowed. Traders can pick from seven options for a base account currency, including EUR, USD, and AUD.
A minimum deposit of $200 is required to open an account with this broker. The FX trading portfolio includes 50+ major, minor, and exotic pairs. As for the maximum allowable leverage ratio, it varies based on the Global Prime entity traders have registered under. The ASIC-regulated entity offers a maximum leverage of 1:30 on Forex majors.
- Min Deposit$50Trading InstrumentsForex, Indices, Commodities, Shares CFD, ETFs, BondsRegulatorsFCA (license no. FRN: 590299), VFSC (reg. No. 700271), ASIC (license no. no. 428901), FSCA (license no. 51268), CIMA (no. 1383491)Trading PlatformsMetaTrader 4, MetaTrader 5, ProTrader, TradingView, Copy TradingSpread1.1 pips on Standard Account; 0.0 pips on Raw, Cent, and Pro AccountsLeverage1:30Deposit MethodsVisa, Mastercard, Union Pay, Boleto, Bank Wire, Skrill, Neteller, Crypto, POLi, FasaPay, Perfect Money, BPay, Pagsmile, AstroPay, JCBWithdrawal MethodsVisa, Mastercard, Union Pay, Bank Wire, Skrill, Neteller, Crypto, AstroPay, Perfect Money, JCB
Vantage is a properly regulated CFD trading platform providing access to more than 1,000 financial instruments across six asset classes, including forex. The broker’s Raw ECN Account account responds to the trading preferences of customers looking for razor-sharp spreads, high-speed execution, and deep liquidity. In addition to the raw spreads, the brokerage charges a commission of $3 per standard lot, per side.
Opening a Raw ECN account with Vantage is a simple three-step process, involving registering, funding, and trading. The minimum deposit threshold stands at just $50. Vantage’s extensive selection of currency pairs includes 60+ major, minor, and exotic pairs, with some of the most popular options being EUR/USD, GBP/USD, and USD/JPY.
- Min Deposit$200Trading InstrumentsCFDs on Forex, Commodities, Index, Bond, Cryptocurrencies, Stock, FuturesRegulatorsFSA (Seychelles), CySEC, ASICTrading PlatformsMetaTrader4, MetaTrader5, cTrader, ZuluTradeSpread0.8 pips Standard, 0.0 pips Raw AccountsLeverage1:30Deposit MethodsBank transfer, Visa, Mastercard, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna, NuveiWithdrawal MethodsBank transfer, Visa, Mastercard, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, FasaPay, Poli, RapidPay, Klarna70.64% of retail investor accounts lose money
IC Markets brings the global financial markets at your fingertips, with a portfolio of 2,200+ tradable instruments, including 61 forex CFDs. A brief look at the broker’s supported account types shows the Raw Spread Account as the most popular choice among scalpers and traders using EAs. Available for the MT4 and MT5 platforms, its pricing structure includes spreads from 0.0 pips and a commission of $3.5 per lot per side. The cTrader platform also supports a Raw Spread account featuring 0.0 pips spreads and a commission of $3 per $100,000 traded. It is best suited to the trading needs of day traders and scalpers.
The starting deposit for both types of Raw Spread accounts stands at $200 and the maximum allowable leverage for major forex pairs is 1:30. They both have a stop-out level of 50%. Traders can explore their functionalities with a free Demo account without risking real money.
- Min Deposit$0 (Standard)$2,000 (Prime)$20,000 (Institutional)Trading InstrumentsForex, Commodities, Futures, Indices, Stocks, CryptocurrenciesRegulatorsSFSA (No. SD045), FMA (No. FSP403326), FSATrading PlatformsMT4, MT5, TradingView, cTrader, MT WebTrader, BlackBull Shares, BlackBull CopyTrader, BlackBull Trade, BlackBull Invest, ZuluTradeSpread0.8 pips Standard; 0.1 pips Prime; 0.0 pips InstitutionalLeverage1:500Deposit MethodsVisa, Mastercard, Neteller, Airtm, Skrill, Bank Transfer, HexoPay, American Express, POLi, Payment Asia, Help2Pay, FXPay, Fasapay, China Union Pay, Boleto, AstroPay, Beeteller, Bitcoin, Ethereum, Tether, Ripple, Litecoin, Bitcoin Cash, Chainlink, USD Coin, StellarWithdrawal MethodsVisa, Mastercard, Bank Transfer, Airtm, Skrill, Neteller, American Express, POLi, HexoPay, Payment Asia, Help2Pay, FXPay, China Union Pay, Boleto, Fasapay, Beeteller, AstroPay, Bitcoin, Litecoin, Bitcoin Cash, Tether, Ripple, Stellar, Chainlink, Ethereum, USD Coin
BlackBull Markets has an impressive lineup of 26,000 financial instruments across several advanced trading platforms, including MT4, MT5, TradingView, and cTrader. Said platforms are available with any account type supported by the broker. BlackBull Markets’ ECN Prime account is a perfect fit for traders with experience. They will benefit from spreads as low as 0.1 pip and a commission of $6 per lot. The minimum deposit required to start trading under these conditions is $2,000.
The broker allows switching between the different account types, providing its customers with great flexibility. There is also a swap-free account option for customers who cannot pay or receive interest due to their religious beliefs.
- Min Deposit$100Trading InstrumentsForex CFDs, Commodity CFDs, Shares CFD's, Index CFDs, Crypto CFD'sRegulatorsSCB (No. SIA-F220), ASIC (No.391441), CySEC (No. 246/14), FCA (No. 921296)Trading PlatformsMT4, MT5, WebTrader, TradingView, Capitalise.ai, FlashTraderSpread0.1 pips on Standard and TradingView Accounts; 0.0 pips Raw AccountsLeverage1:30Deposit MethodsVisa, PayPal, Mastercard, Wire Transfer, Neteller, Skrill, Tether, Bitcoin, BPAY, Dragonpay, Fasapay, Interac, Pix, UnionPayWithdrawal MethodsMastercard, Visa, PayPal, Skrill, Neteller, Bitcoin, Tether, Wire Transfers, BPAY, Fasapay, Pix, Interac, UnionPay76.09% of retail investor accounts lose money
Eightcap is a global financial services company, regulated by several prominent institutions, including ASIC, FCA, and CySEC. The broker provides three account types, enabling its customers to pick a pricing model that best suits their trading style and strategy.
Raw Spread accounts cater to the needs of experienced traders and those who trade primarily in the forex markets. They will benefit from favorable trading conditions, with spreads as low as 0.0 pips and a commission of $3.5 per side (or currency equivalent). Minimum deposits start from $100 and the minimum trade size is 0.01 lot. The account is compatible with Expert Advisors and has a Stop-Out level of 50%.
- Min Deposit$0 (Zero, Premium), $5,000 (Premium Pro)Trading InstrumentsRegulatorsCySEC, FCA, FSCA, CMA, DFSA, FSA (Seychelles)Trading PlatformsMT4, MT5, ProprietarySpread0.0 pips (Zero), 1.0 pip (Premium Pro), 1.4 pips (Premium)LeverageDeposit MethodsWithdrawal Methods
HF Markets is a trustworthy broker, renowned for offering excellent trading conditions and spotless regulatory status. The broker has three account types, Zero, Premium, and Premium Pro. They are available on all trading platforms, including MT4, MT5, and the proprietary HFM platform.
The Zero Trading Account features variable spreads from 0.0 pips on forex plus a commission as low as $0.03 per 1k lot. The broker does not impose limitations on the minimum traders can deposit to their accounts. HF Markets offers 50 major and minor pairs, with a maximum allowable leverage of 1:30 for the former and 1: 20 for the latter.
- Min DepositVaries based on methodTrading InstrumentsForex, CFD's on Stock, CFD's on IndicesRegulatorsCySEC, FCA, FSC (Mauritius), FSA (Seychelles), CBCS (Curacao), FSC (BVI)Trading PlatformsMT4, MT5, Exness Terminal (Proprietary)SpreadFrom 0.2 pips (Standard), 0.0 pips (Zero, Raw)Leverage1:2000Deposit MethodsBank Wire, Visa, MasterCardWithdrawal MethodsBank Wire, Visa, MasterCard
Established in 2008, Exness is among the leaders in the CFD trading industry, with more than 800,000 registered active trading accounts. Customers of the brand can benefit from price fluctuations in forex major pairs such as AUDUSD, EURUSD, and GBPUSD or explore forex minors such as AUDCAD, CADCHF, and EURAUD. The broker does not impose overnight charges on most FX minor pairs.
The Raw Spread Account has a minimum deposit requirement of $200. Spreads start from 0.0 pips and commissions are up to $3.50 on each side per lot. There are no limitations on leverage, but as it can be a “double-edged sword”, traders must manage it cautiously and employ risk management tools.
Forex Brokers with Raw Spread Accounts Compared By Leverage and Commission per Lot
| Broker | Min Deposit | Max Leverage | Commission per Lot | Trustpilot Rating |
|---|---|---|---|---|
| 1. Fusion Markets | $0 | 1:30 for ASIC Entity (1:500 for VFSC Entity) | $0 Classic Account, $4.50 round turn on Zero Account | 4.9 |
| 2. Global Prime | $0 | 1:30 (Retail)1:500 (Professional) | $0 Standard Accounts; $7 round turn on Raw Accounts | 4.8 |
| 3. FP Markets | $50 (AU$100) | 1:30 (Retail)1:500 (Professional) | $0 Standard Account; $6 round turn on Pro Account | 4.7 |
| 4. Pepperstone | $0 | 1:30 (Retail ASIC, CySEC, FCA); 1:500 (Professional); 1:400 (CMA) | $0 (Standard Account), $7 round-turn (Razor Account) | 4.6 |
| 5. IC Markets | $200 | 1:30 (European and Australian Retail Accounts); 1:500 (Pro); 1:1000 (FSA Clients) | $0 Standard MT; $6 round turn on Raw cTrader; $7 round turn on Raw MT | 4.5 |
| 6. BlackBull Markets | $0 (Standard)$2,000 (Prime)$20,000 (Institutional) | 1:30 (Retail)1:500 (Professional) | $0 Standard; $6 per lot Prime; $4 per lot Institutional | 4.5 |
| 7. Exness | Varies based on method | $7 round-turn (Raw), $0.10 (Zero) | 4.5 | |
| 8. HFM | $0 (Zero, Premium), $5,000 (Premium Pro) | 1:30 (CySEC, FCA)1:1000 (FSA) | $6 to $8 round-turn (Zero) | 4.3 |
| 9. Eightcap | $100 | 1:30 (ASIC, CySEC)1:500 (FSA) | $0 on Standard and TradingView Accounts; $7 round turn on Raw Accounts | 4.2 |
| 10. Vantage FX | $50 | 1:30 (Retail)1:500 (Professional) | $3 per side on Raw; $1.50 per side on Pro | 3.5 |
Forex Brokers with Raw Spread Accounts by Spread
| Broker | EUR/USD | USD/JPY | GBP/USD | USD/CHF | AUD/USD | EUR/GBP | USD/CAD |
|---|---|---|---|---|---|---|---|
| 1. HFM | |||||||
| 2. Fusion Markets | 0.07 | 0.13 | 1.01 | 0.37 | 0.90 | 0.23 | 0.14 |
| 3. BlackBull Markets | 0.1 | 0.2 | 0.4 | 0.9 | 0.4 | 0.7 | 0.5 |
| 4. Global Prime | 0.13 | 0.28 | 1.11 | 0.34 | 0.07 | 0.28 | 0.26 |
| 5. Vantage FX | 0.2 | 0.5 | 0.4 | 0.6 | 0.5 | 0.3 | 0.3 |
| 6. Exness | 0.6 | 0.7 | 0.7 | 0.9 | 0.6 | 1.0 | 1.1 |
| 7. IC Markets | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 |
| 0.8 |
| 8. Pepperstone | 1.00 (min) | 1.0 | 1.00 (min) | 1.1 | 1.2 | 1.2 | 1.42 |
| 9. Eightcap | 1.00 (min) | 1.1 | 1 | 1.4 | 1.2 | 1 | 1.2 |
| 10. FP Markets | 1.1 | 0.30 | 1.2 | 1.8 | 1.2 | 0.20 | 1.5 |
What Are Raw Spread Accounts?
Raw spread accounts provide traders with direct access to the market. Unlike standard accounts, there is no markup added to the spreads. Hence, these accounts have the lowest spreads. For major pairs, the spread is as low as 0.0 pips because your orders are filled at interbank prices. However, brokers charge a fixed commission to earn their revenue.
Benefits of Raw Spread Accounts
As a trader, you must be aware of the key benefits of the raw spread accounts. Let’s explore them.
Lower Trading Costs
Since raw spread accounts give you direct market access, the spreads remain at the lowest levels. Major pairs like GBPUSD, EURUSD, and USDJPY can be traded at 0.0 pip spread as well. Paying fixed commissions instead of inflated spreads makes it cost-effective for traders.
Market Transparency
Traders can see the exact prices offered by the liquidity providers in raw spread accounts. It builds trust between the broker and the traders due to transparency.
Ideal for Scalping and Day Trading
Scalpers and day traders trade several times in a session. Hence, saving a small cost in spreads may mean a significant sum for them. Also, tight spreads increase the odds of profitability when your profit targets are a few pips in a position.
Costs Associated with Raw Spread Accounts
Brokers usually do not add any markup in the spreads but they charge a fixed commission per lot which may vary from $2 to $8. Hence, you must be aware of the overall costs while trading with raw spread accounts.
Moreover, interbank spreads may widen during news releases or low liquidity. Thus, raw spreads don’t mean guaranteed lowest spreads all the time.
Features to Look for in a Raw Spread Forex Broker
Though raw spread accounts are desirable, there are some factors to consider while choosing one.
Regulation
Regulation is a vital thing for the brokers. Unregulated brokers are a risk for your trading, no matter how good conditions they offer. So, always choose a broker that is highly regulated.
Payment Methods
A broker that offers multiple payment methods is desirable. These include e-wallets, bank transfers, debit/credit cards, and crypto. Also, pay attention to the payment processing time.
Latency
Raw spreads become useless if a broker doesn’t assure low latency and fast execution. Always test the latency on the demo or a real account with a small deposit.
Customer Support
Some brokers have all the great things except good customer support which pours water on all of their goodwill and branding. So, look for the one that has responsive support available through multiple channels.
Popular Forex Brokers Offering Raw Spread Accounts
Let’s find out some of the great Forex brokers that offer raw spreads.
Fusion Markets is a highly regulated broker that offers raw spreads with a $5 commission. It offers great analytics for your trading account and also provides market analysis tools.
This is another ASIC-regulated broker that charges up to $7 commission per standard lot. It provides access to the TradingView platform as well.
FP Markets holds multiple regulations. Its zero spread account charges around $6 commission per standard lot. It gives traders access to premium trade signals through the FP Markets mobile app.
Who Should Use Raw Spread Accounts?
Usually, raw spread accounts are suitable for all types of traders. However, cost-conscious traders, scalpers, day traders, high-frequency traders, and high-volume traders could reap more benefits from the raw spread accounts.
On the other hand, beginners or casual traders may prefer a standard account due to the simpler cost structure.
Common Misconceptions About Raw Spread Accounts
The biggest misconception about the raw spread accounts is that the spreads remain nearly zero all the time. These spreads are variable and they keep changing every moment with the change in price and market conditions.
Another misconception is that raw spread accounts have slower order execution while reputed brokers with tier 1 liquidity providers offer fast execution.
Raw Spread Accounts vs Standard Accounts
Raw spread accounts significantly differ from the standard accounts. The table below shows some prominent ones.
| Raw Spread Account | Standard Account | |
|---|---|---|
| Spread Markup | None | Minimum 1 pip |
| Commission | Up to $8 | None |
| Execution | Fast | Relatively fast |
| Scalping and Day Trading | Suitable | Not suitable |
| Transparency | Maximum | Relative |
The choice between raw spread and standard account depends on your trading style and objectives. You can assess the key differences and figure out what suits you well.
Final Thoughts
Raw spread accounts are quite popular among traders due to transparency, direct market access, low cost, and fast execution. You can opt for a broker that is regulated, offers multiple payment methods, and has robust customer support. Though raw spreads are variable and they may widen at times, the overall cost efficacy gives an edge to the scalpers and day traders. The final choice between standard and raw spread accounts is based on the needs and goals of a trader.