Best Raw Spread Forex Brokers 2023

For this list, we have searched and tested several Raw spread forex brokers.

We opened real accounts and deposited between $4,000 and $8,000 with each broker respectively. Then we placed real trades in each popular market to get the real spreads. We also reached out to customer support to solve issues we had encountered. Finally, we withdrew our funds to see if there are any issues with the withdrawal process.

We handpick the best Raw spread forex brokers based on our trading data and experience as a trader.

What is Raw Spread in Forex?

Raw spreads are similar to zero/interbank spreads. Those are special account types offering ultra-low spreads from 0.0 pips based on the interbank rates. Where Brokers offering this account type typically charge fixed commissions instead of spreads as a trading cost. Both Raw and Zero spreads are typically classified for professional traders.

Also, read our article about Zero spread.

Both Zero and Raw spreads are similar but there is an important difference in commissions charged for each account type. The commissions charged for the Zero account start from USD 0.2/lot per side, whereas for the Raw account spreads start from USD 3.5/lot per side.

Raw Spread vs Standard Account

The main difference between Standard account and Raw spreads accounts is that Standard offers no commissions and fees are built into spreads, whereas Raw spreads account offers low spreads starting from 0.0 pips, however, the brokers charge their fees by commissions.

Best Raw Spread Brokers

To come up with this list, we have searched and tested several Raw spreads forex brokers. We opened live accounts, deposited money with each broker. Then we placed real trades to get the full picture of trading conditions and offerings.

• FP Markets – Best Overall Raw Spreads Forex Broker
• IG Markets – Best Raw Spreads Forex Broker for beginners
• IC Markets – Best cTrader Raw Spreads Forex Broker
• HYCM – Best MT4 Raw Spreads Forex Broker

Best Overall Forex Broker with Raw Spread

We chose FP Markets as the best Raw spreads forex broker overall.

FP Markets, also known as First Prudential Markets, is founded in Australi in 2005. Since then, the broker has significantly extended and gained a 12,000 client base over these years. The broker is regulated in Cyprus and Australia and offers trading in forex, indices, commodities, metals, cryptocurrencies, equity CFDs.

FP Markets offers over 10,000 CFD products with raw spreads starting from 0.0 pips with $6 commission fee for forex trading. Those trading shares will pay only 0.1% commissions.

Best Raw Spread Forex Brokers for Beginners

We chose XM as the best Raw spread forex broker for beginners.

XM is a global Forex and CFD brokerage company that operates under regulators in Australia, the United Kingdom, Cyprus, the UAE and Belize. XM offers trading with Forex pairs, indices, stocks, and commodities.

XM offers Raw spreads with low commissions. The broker is best suit for beginner traders since it offers comprehensive educational resources, market research tools, as well as a Demo account that enables users to test-trade various strategies before risking their money.

Best cTrader Raw Spread Account

We picked IC Markets as the best cTrader Raw spread forex broker.

Founded in 2007, IC Markets is an Australian Forex and CFD broker which holds licences in Australia, Cyprus, Seychelles and The Bahamas. IC Markets offers hundreds of tradable instruments in the following categories, Forex pairs, indices, stocks, commodities and cryptocurrencies.

IC Markets offers Raw spreads starting from 0.0 pips per lot and leverage up to 500:1 on cTrader platform. The cTrader platform offers advanced algorithmic trading with high speed trading performance and deep liquidity.

Best Raw Spread Forex Brokers MT4 Platform

We picked HYCM as t he best MT4 Raw spread forex broker.

Established in 1977, HYCM is a global CFD provider headquartered in London, Uk. The broker is highly regulated in UK, Cyprus, Dubai, and Cayman islands. The markets offerings include forex, metals, gold and silver, energy products oil and gas, commodities, indices, and stocks.

HYCM offers the full suit of Metatrader offering Fixed, Classic, and Raw account types on MT4 with 0.1 pips of raw spreads and only $4 commissions.

Raw Spread Forex Brokers List

Apart from the list of Raw spread forex brokers mentioned above, here’s the list of top forex brokers offering raw spreads.

Forex Broker	Raw Spread Account	Test Details	Broker Review
FP Markets	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	FP Markets Review
Xm	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	XM Review
FBS	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	FBS Review
Admiral Markets	Yes	Deposit Amount: Over €4,000 Total Trade: 12 trades	Admiral Markets Review
IC Markets	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	IC Markets Review
GKFX	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	GKFX Review
ICM Capital	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	ICM Markets Review
Fusion Markets	Yes	–	Visit Fusion Markets
IG	Yes	–	Visit IG
OctaFX	Yes	–	Visit OctaFX

FAQ and More on Raw Spread Trading

Many traders have a lot questions related to trading. We tried some of the most frequent questions related to Raw spread forex brokers and give comprehensive answers to them.

Raw Spread ECN Brokers

Electronic Communication Network (ECN) is an automated system that matches buy and sell in the market. It eliminates the need of third-parties to match the orders. ECN is especially useful for traders and investors in different geographic areas.

Here some of the best ECN brokers with Raw Spreads:

• Pepperstone
• Vantage FX
• RoboForex

USA Forex Broker with Raw Spread

All regulated forex brokers in the US must be registered with the Commodity Futures Trading Commission (CFTC) and be a member of the National Futures Association (NFA) to legally operate in the United States. Majority of US brokers are commission-based.

Here are some of the US brokers with Raw spreads:

• IG
• Interactive Brokers