If you trade size or scalp short-term moves, every fraction of a pip matters. We compared raw-spread ECN brokers on real spreads, commission and execution.
Standard accounts bundle the broker's markup into the spread — usually 1.0–1.5 pips on EUR/USD. Raw spread accounts charge near-zero spreads (from 0.0 pips) plus a fixed commission per lot. For active traders, raw spread accounts are almost always cheaper overall.
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Independently reviewed and updated regularly.
Mitrade is a regulated CFD broker built around a clean proprietary platform.
Affiliate link. CFDs carry risk — most retail accounts lose money.
IC Markets routes orders through aggregated institutional liquidity with raw spreads from 0.0 pips.
Affiliate link. CFDs carry risk — most retail accounts lose money.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money. Consider whether you understand how CFDs work and can afford to take the risk.
A direct, feature-by-feature look at how the two featured brokers stack up.
The best raw-spread brokers route orders to aggregated institutional liquidity, meaning you trade against real bank quotes rather than the broker's book.
IC Markets is our top pick for the lowest spreads — raw spreads from 0.0 pips on majors, deep institutional liquidity and MT4/MT5/cTrader support. Beginners not yet ready for a raw spread account should consider Mitrade.
A raw spread account passes the underlying interbank spread through to you (often 0.0–0.3 pips on majors) and charges a fixed commission per lot instead of marking up the spread.
For active traders, almost always yes. A typical raw spread account costs the equivalent of 0.7–1.0 pip all-in on EUR/USD vs 1.0–1.5 pips on a standard account.
The good ones do. IC Markets, for example, allows all trading styles including scalping, hedging and EAs on raw spread accounts.
Most raw spread accounts start from $200 — slightly higher than beginner standard accounts. IC Markets' Raw Spread account starts from $200.
CFDs are complex financial instruments and carry a high risk of losing money rapidly due to leverage. Past performance is not indicative of future results. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money. This site provides general information only and does not constitute financial advice.
Affiliate disclosure: We may earn a commission when you open an account via a link on this site — this does not affect our ratings, rankings or reviews.