Raw Spread & ECN Brokers

Commission-based raw spread accounts for scalpers, algo traders and anyone who counts cost per lot.

11 reviews

IC Markets Global

Raw Spread & ECN Brokers · Best for high-volume MT4, MT5 and cTrader traders who can do the pip-versus-commission maths themselves

EUR/USD average spread: 0.1 pips (Raw Spread and cTrader Raw)
Minimum deposit: $200 (Raw Spread and cTrader Raw)
Retail leverage (ASIC/CySEC): 30:1 on major currency pairs
Regulators: ASICCySECFSA

8.4/10

Review

Fusion Markets

Raw Spread & ECN Brokers · Best for cost-focused traders comfortable with offshore regulation who want the lowest verified all-in spread plus commission

Zero account EUR/USD spread: 0.0 pips floor, 0.05 pips average in independent testing
Minimum deposit: $0
Regulators: ASICVFSCFSA
Zero account commission: $2.25 per side, $4.50 round turn per standard lot

8.2/10

Review

Tickmill Group

Raw Spread & ECN Brokers · Best for volume traders on MT4 or MT5 who want FCA-level regulation alongside genuinely low raw-spread pricing

Raw account EUR/USD spread: 0.0 pips floor, 0.10 pips typical average
Minimum deposit: $100 (Raw account)
UK entity leverage: Up to 1:30 (FCA licence 717270)
Regulators: FCACySECFSCAFSA

8.2/10

Review

Pepperstone Group

Raw Spread & ECN Brokers · Best for active traders who want MT5, cTrader and TradingView on the same raw-spread account

EUR/USD spread (Razor): From 0.0, averaging near 0.1 pips
Minimum deposit: No set minimum
Regulators: FCAASICCySECDFSA
Account tested: Razor

8.1/10

Review

First Prudential Markets

Raw Spread & ECN Brokers · Best for traders who want raw forex pricing and direct market access to shares on one login

Raw EUR/USD spread: Averaging 0.05 to 0.1 pips in independent tests
Minimum deposit (Raw): $100
Regulators: ASICCySEC (37118)FSCA
Account tested: Raw

8.0/10

Review

Global Prime

Raw Spread & ECN Brokers · Best for cost-conscious traders who want to verify execution quality themselves rather than trust a broker's marketing

Raw account EUR/USD spread: Averages around 0.10 pips
Minimum deposit: $0 (a few hundred dollars recommended to trade)
Regulators: ASICVFSC
Raw account commission: $7 round turn per standard lot

8.0/10

Review

Eightcap

Raw Spread & ECN Brokers · Best for tradingView chartists who want to place orders without switching to a separate execution platform

Standard EUR/USD spread: Around 1.0 pip, commission-free
Minimum deposit: $100 (or EUR/GBP equivalent)
Regulators: ASICFCACySECplus tier-four entities
Account types: Standard, Raw

7.4/10

Review

Axi

Raw Spread & ECN Brokers · Best for mT4 traders who want a shot at trading Axi's own capital through Axi Select without an upfront challenge fee

Standard account EUR/USD spread: 1.45 pips, no commission
Minimum deposit: $0, $200 recommended
Regulators: ASICFCACySECDFSA
Founded: 2007, Sydney, Australia

7.4/10

Review

Trademax Global

Raw Spread & ECN Brokers · Best for cost-focused ECN traders who confirm their entity first and accept VFSC oversight if it is not ASIC

Edge account spread: From 0.0 pips plus $7 FX / $5 metals commission per round-turn lot
Minimum deposit: $100 (Edge or Classic)
Leverage: Up to 1:30 (ASIC retail), up to 1:1000 (VFSC entity)
Regulators: ASICVFSC VanuatuFSA SeychellesFSC Mauritius

7.3/10

Review

BlackBull Group

Raw Spread & ECN Brokers · Best for cost-focused ECN traders comfortable with tier-two New Zealand regulation instead of a tier-one licence

ECN Standard EUR/USD spread: 1.1 pips, no commission
Minimum deposit: $0 on both ECN Standard and ECN Prime
Maximum leverage: Up to 500:1 on forex
Regulators: FMA (New Zealandtier two)FSA (Seychellestier three)

7.2/10

Review

ThinkMarkets

Raw Spread & ECN Brokers · Best for discretionary traders who want ThinkTrader's charting tools and are not running Expert Advisors

ThinkZero EUR/USD spread: From 0.0 pips, averaging around 0.11 pips
Standard/ThinkTrader minimum deposit: $0
Regulators: FCAASICCySECJFSA
ThinkZero minimum deposit: $500

7.1/10

Review