Forex Account Comparison

Best Raw Spread Forex Brokers

Compare Raw Spread accounts by typical spread, commission, minimum deposit, execution quality, regulation and swap-free availability.

Independent ranking based on account conditions, costs and broker quality.

Top 3 Brokers for This Account Type

These accounts ranked highest after comparing all-in cost, minimum deposit, usability and broker quality.

1
IC Markets logo

IC Markets

Raw Pro+

Best Overall88.2/100

Minimum Deposit

$200

The highest overall score after accounting for spread, commission and broker safety.

Spread

0.05 pips average

Commission

$1 approx.

View Full Comparison

What to Know Before Choosing a Raw Spread Account

A Raw Spread account is designed for active traders who prioritize narrow spreads and more transparent transaction costs. It typically provides pricing close to the broker’s underlying liquidity feeds while charging a separate commission.

Often suitable for scalping, active day trading and automated systems.

Read More+

A spread advertised as “from 0.0 pips” does not reveal the full trading cost. Compare the typical spread plus the round-turn commission, then consider execution, slippage, minimum deposit, regulation and swap-free conditions under the legal entity available in your country.

The true cost is the spread plus the full commission.

Execution and slippage may matter as much as the advertised spread.

What Is a Raw Spread Account?

A Raw Spread account is a forex trading account where the broker offers pricing close to quotes received from liquidity providers and charges a separate commission for executing trades.

Read the Full Explanation+

Spreads may start from 0.0 pips on selected pairs under certain market conditions, but the average spread does not remain at zero. Pricing changes with liquidity, trading session, news and the instrument traded.

This account type is common among scalpers, active day traders and algorithmic traders because narrower spreads can matter when many trades are executed.

Real-Money Account

Real profits and losses rather than demo simulation.

Flexible Risk Management

Flexibility depends on trade size and account terms.

Strategy-Based Choice

Choose based on capital, experience and trading style.

Trading Cost Example

How Do You Calculate Raw Spread Trading Costs?

+

The real cost is not the spread alone. Add the typical spread to the full commission charged for opening and closing the trade, then consider slippage and overnight financing where applicable.

Check whether the advertised commission is quoted per side or as a round-turn amount, because brokers present commission differently.

How Does a Raw Spread Account Work?

The total trading cost is usually divided into two main components:

Low Market-Based Spread

01

The broker displays a bid-ask spread close to available liquidity-provider pricing.

Separate Commission

02

A fixed or variable commission is charged per lot, per side or per round turn.

Trade Execution

03

The final result is influenced by execution speed, slippage and liquidity at the time of the order.

Calculate the Full Cost

04

Add the spread, full commission and any other charges to estimate the real cost of the trade.

How We Choose the Best Raw Spread Accounts

The main factors we review before ranking each account.

Typical Spread

+

Average or typical spreads provide a more realistic view than a minimum spread of 0.0 pips.

Commission Rate

+

We verify whether commission is quoted per side, per lot or for the full round turn.

All-In Trading Cost

+

We compare the combined spread and commission on commonly traded currency pairs.

Execution Quality

+

We review execution model, speed, slippage and any requote policy.

Regulation

+

Low-cost pricing does not compensate for weak oversight or an unclear legal entity.

Minimum Deposit

+

We compare the capital required to access the account against the quality of its pricing.

We do not rank accounts by one metric alone. The final score combines safety, total trading cost, accessibility and execution quality.

Raw Spread vs Standard vs Cent Accounts

Compare Raw Spread, Standard and Cent accounts by pricing model, cost calculation, scalping suitability and expected deposit level.

Cent Account

Smaller position sizes for learning and testing

Best For

Beginners and testing

Pricing Model

Usually spread-only

Cost Calculation

Easy

Scalping Suitability

Useful for testing

Expected Deposit

Usually low

Standard Account

Straightforward spread-based pricing

Best For

Most retail traders

Pricing Model

Cost built into spread

Cost Calculation

Easy

Scalping Suitability

Depends on spread

Expected Deposit

Low to medium

Raw Spread Account

Current Page

Lower spreads with separate commission

Best For

Active and experienced traders

Pricing Model

Low spread plus commission

Cost Calculation

Moderate

Scalping Suitability

Often high

Expected Deposit

Often medium

In-Depth Analysis of the Best Raw Spread Accounts

We explain why each leading account earned its position and which traders it may suit.

1
IC Markets logo

IC Markets

Raw Pro+

+
Best Overall88.2/100

The highest overall score after accounting for spread, commission and broker safety.

Spread

0.05 pips average

Commission

$1 approx.

Minimum Deposit

$200

Execution

Market Execution

Regulation

ASIC, CySEC, FSA, SCB

2
Tickmill logo

Tickmill

Raw

+
Competitive Pricing85.8/100

Competitive all-in trading costs with conditions designed for active traders.

Spread

0.1 pips average

Commission

$3 approx.

Minimum Deposit

$100

Execution

Market Execution

Regulation

FCA, CySEC, FSCA, FSA

3
OneRoyal logo

OneRoyal

ECN

+
Strong Alternative84.6/100

A strong choice for scalping and frequent trading after commission is included.

Spread

0.2 pips average

Commission

$3.5 approx.

Minimum Deposit

$5

Execution

Market Execution

Regulation

ASIC, CySEC, VFSC

4
Admirals logo

Admirals

Zero

+
83.4/100

A strong choice for scalping and frequent trading after commission is included.

Spread

0.1 pips average

Commission

$3.6 approx.

Minimum Deposit

$100

Execution

Market Execution

Regulation

FCA, CySEC, ASIC, FSCA, JSC

5
Ultima Markets logo

Ultima Markets

ECN

+
80.6/100

A strong choice for scalping and frequent trading after commission is included.

Spread

0.1 pips average

Commission

$5 approx.

Minimum Deposit

$50

Execution

Market Execution

Regulation

FSC, FSCA

Advantages of Raw Spread Accounts

Narrower Spreads

Spreads may be lower than on Standard accounts during normal liquidity conditions.

More Transparent Cost Structure

Spread and commission are shown separately, helping traders analyse strategy costs.

Useful for Scalping

Lower spreads can benefit strategies targeting small price movements.

Suitable for Automated Trading

The account can suit expert advisors and algorithms that execute many trades.

Disadvantages of Raw Spread Accounts

Separate Commission

The commission must be added to the spread to calculate the full trading cost.

Higher Minimum Deposit in Some Cases

Some brokers require more capital than they do for a Standard account.

Spreads Remain Variable

Spreads can widen sharply during news events, rollover or low liquidity.

Not Always the Cheapest Option

A high commission can make a Standard account cheaper for certain trading styles.

Who Should Consider a Raw Spread Account?

A Raw Spread account may be a practical choice for:

Scalpers who rely on narrow spreads and fast execution.

Active day traders placing multiple trades during each session.

Expert advisor and algorithmic trading users.

Traders who execute a high number of orders.

Experienced traders who can calculate spread, commission and total cost per trade.

Who Should Avoid a Raw Spread Account?

A Standard or Cent account may be simpler for:

Beginners who do not yet understand commission calculations.

Traders placing only a small number of longer-term trades.

Traders who prefer one simple spread-based trading cost.

Traders starting with a very small deposit.

Long-term traders who do not need ultra-low spreads.

Best Raw Spread Forex Brokers Compared

Compare leading Raw Spread accounts by average spread, commission, minimum deposit, execution, regulation, swap-free availability and account score.

1
IC Markets logo

IC Markets

Raw Pro+

+

Spread

0.05 pips average

Commission

$1 approx.

Minimum Deposit

$200

Score

88.2/100

2
Tickmill logo

Tickmill

Raw

+

Spread

0.1 pips average

Commission

$3 approx.

Minimum Deposit

$100

Score

85.8/100

3
OneRoyal logo

OneRoyal

ECN

+

Spread

0.2 pips average

Commission

$3.5 approx.

Minimum Deposit

$5

Score

84.6/100

4
Admirals logo

Admirals

Zero

+

Spread

0.1 pips average

Commission

$3.6 approx.

Minimum Deposit

$100

Score

83.4/100

5
Ultima Markets logo

Ultima Markets

ECN

+

Spread

0.1 pips average

Commission

$5 approx.

Minimum Deposit

$50

Score

80.6/100

6
Vantage logo

Vantage

Raw ECN

+

Spread

0.1 pips average

Commission

$6 approx.

Minimum Deposit

$50

Score

80.1/100

7
HFM logo

HFM

Zero

+

Spread

0.1 pips average

Commission

$6 approx.

Minimum Deposit

$25

Score

80/100

8
Pepperstone logo

Pepperstone

Razor

+

Spread

0.1 pips average

Commission

$7 approx.

Minimum Deposit

$10

Score

79.9/100

9
Exness logo

Exness

Zero

+

Spread

0.1 pips average

Commission

$6 approx.

Minimum Deposit

$200

Score

79.6/100

10
XM logo

XM

Zero

+

Spread

0.2 pips average

Commission

$7 approx.

Minimum Deposit

$5

Score

79.4/100

How We Rank Raw Spread Accounts

We score the account itself as well as broker quality, giving substantial weight to all-in trading cost, regulation and execution instead of relying on the advertised minimum spread.

Broker Rating — 30%

01

Reflects the broker’s overall quality, platforms, services, support and trading environment.

Typical Spread — 25%

02

We prioritize average spread data where available instead of relying on a minimum quote.

Commission — 20%

03

We assess the commission rate, calculation method and effect on all-in trading cost.

Safety — 15%

04

We review regulation, transparency and the legal entities available to clients.

Minimum Deposit — 10%

05

We compare account accessibility without giving deposit size more weight than pricing and execution quality.

Rankings are based on available data. Spreads, commission and execution can change with market conditions, legal entity and client location. Verify current terms on the broker’s official website.

Frequently Asked Questions

Common Questions About Raw Spread Accounts

Clear answers to common questions before choosing this forex account type.

What is a Raw Spread account?+

It is a forex account that offers pricing close to market spreads and charges a separate commission based on trading volume.

Is the spread always zero on a Raw Spread account?+

No. It may start from 0.0 pips on selected pairs in certain conditions, but spreads are variable and do not remain at zero.

How do I find the cheapest Raw Spread account?+

Compare the typical spread plus the full commission. Do not rank accounts by the minimum advertised spread alone.

Is a Raw Spread account suitable for beginners?+

It can be used by beginners, but the trader must understand commission and total-cost calculations. A Standard account may be easier at the start.

Is Raw Spread the same as ECN?+

Not necessarily. Raw Spread describes a pricing structure, while ECN refers to a specific execution and market-access model. The word “Raw” alone does not prove true ECN execution.

Is a Raw Spread account better for scalping?+

Often yes, because spreads may be lower. However, commission, execution speed, slippage and the broker’s scalping policy must also be considered.

Make an Informed Choice

Do Not Choose a Raw Spread Account by Spread Alone

Compare typical spread, commission, execution and regulation to identify the strongest all-in value.

View Comparison Table