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Risk warning: CFDs and spot forex are complex instruments and come with a high risk of losing money rapidly due to leverage. A large share of retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to lose your money. Lotsight publishes independent reviews, not personal financial advice.

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Home / Rankings / Raw Spread & ECN Brokers

Raw Spread & ECN Brokers

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

Highest scoreNewest
11 reviews
1

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 IC Markets Global rating
Review
2

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 Fusion Markets rating
Review
3

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 Tickmill Group rating
Review
4

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 Pepperstone Group rating
Review
5

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 First Prudential Markets rating
Review
6

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 Global Prime rating
Review
7

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 Eightcap rating
Review
8

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 Axi rating
Review
9

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 Trademax Global rating
Review
10

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 BlackBull Group rating
Review
11

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 ThinkMarkets rating
Review