In this post, I will highlight the Best Raw Spread Brokers—the most reputable brokers with spreads from 0.0 pips and very low trading fees.
These brokers are optimal for scalpers and day traders as well as automated trading systems which require low cost, quick execution, and clear pricing.
No matter if you’re new to trading or a seasoned professional, it’s very important that you choose the right raw spread broker.
Key Points & Best Raw Spread Brokers List
| Broker | Key Points |
|---|---|
| IC Markets | ECN broker, ultra-low spreads, fast execution, supports MT4, MT5, cTrader, suitable for scalping and algorithmic trading. |
| Pepperstone | Regulated in multiple jurisdictions, fast execution, low spreads, supports MT4/MT5/cTrader, strong customer support, good for active traders. |
| FP Markets | ECN pricing model, MT4/MT5 platforms, low latency, competitive spreads, offers both CFD and Forex trading. |
| RoboForex | Offers cent accounts, supports MT4/MT5 and cTrader, wide asset range, high leverage, bonuses/promotions available, suitable for beginners. |
| BlackBull Markets | ECN execution, deep liquidity, MT4/MT5 platforms, strong for Forex and CFD trading, regulated in New Zealand. |
| Tickmill | Tight spreads, low commissions, high leverage, MT4/MT5 support, known for fast execution and professional trading conditions. |
| Moneta Markets | STP broker, user-friendly web platform, offers copy trading, regulated by VFSC, good for beginners and intermediate traders. |
| FOREX.com | Strong global regulation (CFTC, FCA, etc.), proprietary platform and MT4/MT5, broad asset offering, established and reputable broker. |
| Plus500 | CFD-focused platform, user-friendly interface, fixed spreads, regulated in many countries, no MT4/MT5 support, not ideal for advanced strategies. |
| Interactive Brokers | Best for professional and institutional traders, extremely low spreads/commissions, huge range of markets, sophisticated platform, regulated globally. |
10 Best Raw Spread Brokers For 2025
1.IC Markets
IC Markets is considered one of the best brokers in the industry. Starting with ultra tight spreads of 0 pips on major currency pairs, they offer some of the best raw spreads globally.
As an ECN broker, IC Markets gives traders direct access to liquidity providers with no dealing desk intervention, fully automating trade execution IC Markets supports trading platforms
MetaTrader 4, MetaTrader 5, and cTrader which are popular among scalpers and algorithmic traders. Professional traders around the world appreciate low commissions offered by this broker amidst high transparency.
Because of their competitive pricing and top-tier regulation, IC Markets stands out as a choice for serious Forex traders.
| Feature | Details |
|---|---|
| Spread Type | Raw spreads from 0.0 pips |
| Commission | $3.5 per side ($7 round-turn) |
| Platforms | MT4, MT5, cTrader |
| Regulation | ASIC, CySEC, FSA |
| Execution Model | ECN (True ECN) |
| Best For | Scalping, algorithmic trading |
2.Pepperstone
Pepperstone has established itself as one of the best brokers with raw spreads, offering institutional-grade spreads starting from 0.0 pips on major Forex pairs.
Fast execution and low latency makes Pepperstone a go-to broker for scalpers, day traders, and algorithmic traders. The broker provides advanced trading platforms like MetaTrader 4, MetaTrader 5, and cTrader.
With strong regulations from FCA, ASIC and others, the broker guarantees high client protection alongside transparency.
Razor accounts are tailored for raw spread trading which combines tight spreads and low commissions making it a favourite among traders who desire cost-friendly efficient trading.
| Feature | Details |
|---|---|
| Spread Type | Raw spreads from 0.0 pips |
| Commission | $3.5 per side ($7 round-turn) |
| Platforms | MT4, MT5, cTrader |
| Regulation | FCA, ASIC, DFSA, BaFin |
| Execution Model | ECN-like (Razor account) |
| Best For | Scalpers, high-frequency traders |
3.FP Markets
FP Markets is a below average raw spread broker, providing lower-end institutional pricing with spreads starting at 0.0 pips on major currency pairs such as EUR/USD and USD/JPY on its Raw ECN account.
There is a commission charge of $3 per side per 100k lot which means, all-in costs are around 0.7-0.8 pips.
FP Markets supports MT4, MT5 , cTraders and holds ASIC and CySEC licenses,and has a low deposit requirement of $100 AUD making it perfect for scalpers, algo traders and high-frequency traders.
In addition to this, FP Markets is well-known for their industry-leading accuracy in trade execution award-winning support provided 24 hours a day.
| Feature | Details |
|---|---|
| Spread Type | Raw ECN spreads from 0.0 pips |
| Commission | $3 per side ($6 round-turn) |
| Platforms | MT4, MT5, cTrader |
| Regulation | ASIC, CySEC |
| Execution Model | ECN |
| Best For | Low-cost trading, advanced traders |
4.RoboForex
RoboForex is a noteworthy raw-spread broker with ECN account spreads starting at 0.0 pips on major forex pairs and competitive commissions of $20-$10 per lot depending on the account type .
RoboForex is regulated by CySEC and IFSC which allows it to offer high leverage up to 1:2000, making it favorable for both scalpers and long duration traders.
Available trading platforms are MT4, MT5, cTrader, R Trader (their own platform), as well as social trading through CopyFX.
| Feature | Details |
|---|---|
| Spread Type | ECN spreads from 0.0 pips |
| Commission | From $4–$20 per lot |
| Platforms | MT4, MT5, cTrader, R Trader |
| Regulation | IFSC, CySEC |
| Execution Model | ECN, STP |
| Best For | Beginners, copy trading, automation |
5.BlackBull Markets
BlackBull Markets is an ECN broker that has acquired quite the reputation in the industry. With its institutional account, customers can access major FX pairs with spreads starting from 0.0 pips and commission as low as US $4 per round lot .
The Prime account also impresses with 0.1 pip spreads and a US $6 round-turn commission per lot . Utilasng Equinix servers in New York, London, and Tokyo alongside MT4, MT5, and cTrader provide low-latency execution.
BlackBull Markets is under NZ FMA and Seychelles FSA which means it offers unmatched pricing, deep liquidity alongside market-leading execution speed making it optimal for scalpers or pros looking to trade professionally.
| Feature | Details |
|---|---|
| Spread Type | Raw spreads from 0.0 pips |
| Commission | $3 per side ($6 round-turn) |
| Platforms | MT4, MT5, TradingView |
| Regulation | FMA (NZ), FSA Seychelles |
| Execution Model | ECN |
| Best For | Institutional-style execution |
6.Tickmill
Tickmill Raw account offers major currency pairs with spreads starting from 0.0 pips and a commission fee of $3 per lot per side (≈ $6 for round-trips). Users can benefit from ECN-style execution and tight pricing with a low minimum deposit of $100.
Tickmill has high-regulatory FCA, CySEC, FSCA, and offer MetaTrader 4/5 platforms with high leverage, no deposit, or withdrawal fees.
Traders have quick execution speeds while maintaining transparent all in costing—around 0.7 pips on EUR/USD which sharpens Tickmill’s popularity among scalpers and high-frequency traders .
| Feature | Details |
|---|---|
| Spread Type | Raw spreads from 0.0 pips |
| Commission | $2 per side ($4 round-turn) |
| Platforms | MT4, MT5 |
| Regulation | FCA, CySEC, FSCA, FSA |
| Execution Model | ECN |
| Best For | Low-cost scalping, EAs |
7.Moneta Markets
Moneta Markets stands out as one of the most competitive raw spread brokers. They offer ECN-style spreads from 0.0 pips on more than a thousand instruments.
Moneta Markets imposes only $3 per round lot side (about $6 round turn) for their Prime ECN account, while Ultra ECN account offers it for only $1, making it extremely cost-effective.
Traders can use MT4, MT5, or Pro Trader, Verex’s proprietary platform with sub-millisecond execution through Equinix servers.
Moneta users enjoy no deposit and withdrawal fees, no inactivity fees adn are regualted under VFSC Vanuatu which provides ver low-cost trading with raw spreads makes Moneta suitable for both retail and professional traders.
| Feature | Details |
|---|---|
| Spread Type | Raw spreads from 0.0 pips |
| Commission | From $1–$3 per lot |
| Platforms | MT4, MT5, ProTrader |
| Regulation | VFSC, FSCA |
| Execution Model | ECN/STP |
| Best For | Budget traders, platform variety |
8.FOREX.com
Forex.com is noted as one of the leading brokers offering untight raw spreads, ideal for professional traders looking for ultra-competitive pricing. Their Raw Spread account features variable spreads starting at 0.0 pips on major pairs, alongside a $5 commission per $100k traded per side.
Execution quality is exceptional as well; all trades experience a sub-second execution rate with an average of 0.81 pip limit order price improvement. Supported platforms: FOREX.com proprietary platform and MT5 work quite well too.
A full-featured account is opened with only $100 which coupled with effective trading tools, active trader rebates, scalper friendly regulations from FCA/CFTC make it attractive to algorithmic trading systems users. One user said “for a us trader… great option… especially on major pairs”
| Feature | Details |
|---|---|
| Spread Type | Raw spreads from 0.0 pips |
| Commission | $5 per side ($10 round-turn) |
| Platforms | MT4, MT5, Proprietary |
| Regulation | CFTC, FCA, ASIC, IIROC |
| Execution Model | ECN (Raw Account), STP |
| Best For | US traders, institutional-style access |
9.Plus500
Plus500’s WebTrader platform is self-developed and comes with essential features such as risk management tools and a guaranteed stop-loss, making it perfect for novice traders. With more than 2000 CFDs and heavy regulation under the FCA, CySEC, and ASIC, Plus500 is a trusted broker.
However, the absence of MT4/5 support, along with its scalping and high-frequency trading unfriendliness makes it unsuitable for professional traders.
Trade customers benefit from simpler systems that require less attention to detail while most serious raw-spread traders look elsewhere.
| Feature | Details |
|---|---|
| Spread Type | Fixed/floating spreads (no raw) |
| Commission | Zero commission |
| Platforms | Proprietary (Web + App) |
| Regulation | FCA, CySEC, ASIC, MAS |
| Execution Model | Market Maker |
| Best For | Beginners, CFD-only traders |
10.Interactive Brokers
Interactive Brokers collects live quotes from 17 major interbank FX dealers which enables them to provide spreads as low as 0.1 pip with no hidden mark-ups . Instead of inflated spreads, it charges a transparent, low commission of 0.08–0.20 basis points (approximately $2–$4 round-turn) .
Active traders enjoy tiered discounts where their per-order fees reduce with higher volume trade activity. For serious forex traders, IBKR is a dependable and inexpensive option due to its strong regulation, support for over 100 currency pairs and advanced tools like Trader Workstation and FXTrader.
| Feature | Details |
|---|---|
| Spread Type | Institutional raw spreads (as low as 0.1) |
| Commission | $2–$4 per round-turn (volume based) |
| Platforms | Trader Workstation (TWS), IBKR Mobile |
| Regulation | SEC, CFTC, FCA, IIROC, others |
| Execution Model | Direct Market Access (DMA) |
| Best For | Professional traders, global FX access |
Conclusion
To summarize, leading raw spread broker such as IC Markets, Pepperstone, FP Markets, and Tickmill offer exceptional spreads starting from 0.0 pips with minimal commissions and quick execution.
They sustain sharp spreads alongside low commissions which makes them perfect for scalping and algorithmic trading. Strict regulation enhances the reliability of their advanced trading platforms.
These brokers provide a retail-friendly framework for professional traders by ensuring transparent pricing while enforcing very competitive operating conditions.
FAQ
What is a raw spread broker?
A raw spread broker offers the tightest possible spreads directly from liquidity providers, usually starting from 0.0 pips, and charges a small commission per trade instead of marking up the spread.
Why choose a raw spread broker?
Raw spread brokers are ideal for scalpers, high-frequency, and algorithmic traders who require minimal trading costs, fast execution, and pricing transparency.
Are raw spread brokers better than standard spread brokers?
Yes, for active traders. Although raw accounts charge commissions, the overall cost is often lower than standard accounts with wider spreads and no commission.
