10 Best Forex Brokers With Raw Spreads in Comparison 2025

In this article, we compare the 10 best Forex brokers that offer raw spreads. Raw spreads provide direct access to market liquidity with no markup, resulting in tighter spreads. We have thoroughly tested and reviewed these brokers to offer you accurate and reliable information. Whether you’re a beginner or an experienced trader, this guide will help you choose the best broker for your trading needs.

Here is a quick list of the brokers we will be discussing, each known for their raw spread offerings and unique benefits:

List of the Best Raw Spread Forex Brokers:

This section presents a detailed comparison of the top ten Forex brokers offering raw spreads. Each broker has been tested and reviewed to provide insights into their unique features, trading conditions, and overall performance. This list will help you identify the broker best suits your trading style and requirements.

See our complete RAW Spreads Forex Brokers comparison in this helpful video:

1. BlackBull Markets

BlackBull Markets is a standout broker known for its exceptional trading conditions and competitive raw spreads. When we tested it, we were impressed by its offering of raw spreads starting from 0.0 pips. This makes it our winner for traders looking to minimise trading costs. 

Regarding trading platforms, BlackBull Markets offers MetaTrader 4, MetaTrader 5, and BlackBull Trade, which are highly regarded in the industry for their features and user-friendly interfaces. Additionally, traders can access various educational resources and excellent customer support, making navigating the Forex market easier for beginners and experienced traders. With these comprehensive features, BlackBull Markets ensures a seamless trading experience combining low costs and high efficiency.

Feature	Information
Raw Spreads	Yes, from 0.0 pips
Liquidity Providers	ABN-AMRO, ANZ, Bank of America, Barclays, BNP Paribas, Citibank, CommerzBank, Credit Suisse, Deutsche Bank, HSBC, JPMorgan, Chase, Standard Chartered, RBS, and UBS
Trading Platforms	MetaTrader 4, MetaTrader 5, MetaTrader Web Trader, cTrader, TradingView, and BlackBull Trade
Tradable Assets	Forex, commodities, indices, cryptocurrencies, futures, and stock
Customer Support	Email, live chat, and phone support
Demo Account	Yes
Educational Content	Webinars, tutorials, education hub
Regulation	Financial Services Authority in Seychelles

2. IC Trading

IC Trading is well-known for its raw spreads and trading infrastructure. Our testing revealed that IC Trading offers raw spreads starting from 0.0 pips, making it a cost-effective choice for traders aiming to reduce their expenses. This broker is particularly popular among automated traders due to its ultra-fast execution speeds and low slippage, ensuring precise trade execution.

One of IC Trading’s strengths is its wide range of account types, including Standard and Raw Spread accounts, allowing traders to select the account that best fits their trading needs. The broker supports multiple trading platforms, such as MetaTrader 4, MetaTrader 5, and cTrader, offering robust features and a customizable trading experience. The broker provides extensive educational resources and strong customer support, making it an appealing option for traders looking for a reliable and efficient trading environment.

Feature	Information
Raw Spreads	Yes, from 0.0 pips
Liquidity Providers	NY4
Trading Platforms	MetaTrader 4, MetaTrader 5, and cTrader
Tradable Assets	Forex, commodities, indices, stocks, bonds, and cryptocurrency
Customer Support	Email, live chat, and phone support
Demo Account	Yes
Educational Content	Tutorials and blogs
Regulation	Financial Services Commission of Mauritius

3. RoboForex

RoboForex distinguishes itself with its wide range of account options and competitive trading conditions. When we tested RoboForex, we found their raw spreads starting from 0.0 pips attractive to those looking to minimise trading costs. The broker’s execution speeds are notably fast, making it suitable for traders who rely on quick transactions.

In addition to competitive spreads, RoboForex offers unique features such as the CopyFX platform, which allows traders to copy the strategies of successful traders. This can be a great advantage for beginners learning from experienced traders. RoboForex supports automated trading with their proprietary R Trader platform, which includes a built-in strategy builder. This flexibility, combined with its strong educational resources and responsive customer support, makes RoboForex a well-rounded choice for traders seeking low costs and innovative trading tools.

Feature	Information
Raw Spreads	Yes, from 0.0 pips
Liquidity Providers	TOP FX, Citi FX, CMSFX UK Ltd, SAXO and Sucden Financial
Trading Platforms	MetaTrader 4, MetaTrader 5, and R Stocks Trader
Tradable Assets	Stocks, indices, futures, ETFs, commodities, and forex
Customer Support	Email, live chat, and phone support
Demo Account	Yes
Educational Content	None
Regulation	Financial Services Commission (FSC) of Belize

4. FP Markets

FP Markets is a broker that stands out for its low trading costs and excellent customer service. Our review revealed that FP Markets offers raw spreads starting from 0.0 pips and fast execution speeds, essential for traders engaging in high-frequency trading or scalping.

FP Markets is known for its comprehensive range of trading tools and resources. One unique feature is their advanced IRESS trading platform, which provides access to various markets and detailed market analysis tools. This platform is beneficial for professional traders looking for sophisticated trading options.

Moreover, FP Markets offers 24/7 customer support and a rich library of educational materials, including webinars and tutorials, that cater to traders at all levels. This combination of low-cost trading, advanced tools, and strong support makes FP Markets a top choice for many traders.

Feature	Information
Raw Spreads	Yes, from 0.0 pips
Liquidity Providers	First Prudential Markets PTY Ltd
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader, TradingView, and WebTrader
Tradable Assets	Forex, stocks, indices, commodities, cryptocurrency, and ETFs
Customer Support	Email, live chat, and phone support
Demo Account	Yes
Educational Content	Video tutorials and trading glossary
Regulation	Australian Securities and Investment Commission

5. Vantage Markets

Vantage Markets offers traders access to institutional-grade liquidity, resulting in raw spreads that start from 0.0 pips. This makes Vantage Markets a prime choice for those looking to reduce their trading costs. Moreover, Vantage Markets provides some of the fastest execution speeds, ideal for traders looking to open positions frequently. 

One of Vantage Markets’ unique features is its support for the Pro Trader Tools suite, which includes advanced charting, trading signals, and market insights. This is useful for traders who rely on technical analysis. Vantage Markets offers a social trading feature, allowing users to follow and copy the trades of experienced traders. This is great for beginners looking to learn from more expert traders. 

Feature	Information
Raw Spreads	Yes, from 0.0 pips
Liquidity Providers	J.P.Morgan, HSBC, RBS, Citibank, Nomura, and Goldman Sachs
Trading Platforms	Vantage App, MetaTrader 4, MetaTrader 5, and ProTrader
Tradable Assets	Forex, stocks, indices, commodities, bonds, and ETFs
Customer Support	Email, live chat, and phone support
Demo Account	Yes
Educational Content	Courses, webinars, and ebooks
Regulation	Australian Securities and Investments Commission

6. StarTrader

StarTrader’s ECN account is built for traders who want the tightest possible pricing on forex pairs, offering raw spreads from 0.0 pips and a commission of $3.50 per side per lot. The account supports over 50 currency pairs, covering all major and minor markets along with select exotics, giving traders flexibility to focus on the pairs that best suit their strategies. 

Execution is market-based with no dealing desk intervention, allowing orders to be filled directly against liquidity providers for greater transparency and speed. The minimum trade size is just 0.01 lots, making the account suitable for high-volume traders and those starting with smaller positions who still want institutional-grade pricing. 

Also, there are multiple base currency options, including USD, EUR, GBP, AUD, CAD, and NZD, which help reduce conversion costs, while at the same time offering fast and secure funding methods. The combination of ultra-low spreads, competitive commissions, and reliable order execution makes StarTrader one of our top choices at WR Trading. Consider creating an account if you prioritize cost efficiency and performance in the forex market.

Feature	Information
MetaTrader 4/5 Available?	Yes
Spreads and Commission	Varies based on account: Spread – from 1.3 pips Commission – from no commission to $6 per lot
Trading Platforms	MT4, MT5, and WebTrader
Asset Types	Crypto, forex, commodities, indices, stocks, and ETFs
Tradable Assets	Over 1,000
Customer Support	Live chat and email support
Demo Account	Yes
Educational Content	Knowledge center, news room, and webinars
Regulation	Financial Sector Conduct Authority (FSCA)

7. Pepperstone

Pepperstone stands out for its diverse range of trading platforms and tools, providing raw spreads starting from 0.0 pips. This broker is ideal for traders who value low-cost trading and require various platform options to suit their strategies. Pepperstone offers a unique feature in its Smart Trader Tools, an advanced suite of trading tools designed to enhance trading performance. These include sophisticated alarms, trade terminals, and market manager applications that provide a competitive edge. 

Furthermore, Pepperstone supports social trading through platforms like Myfxbook and DupliTrade, allowing traders to follow and copy the strategies of successful traders. With educational resources and dedicated customer support, Pepperstone is well-equipped to meet the needs of traders looking for raw spreads.

Feature	Information
Raw Spreads	Yes, from 0.0 pips.
Liquidity Providers	NY4
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader, and TradingView
Tradable Assets	Forex, commodities, indices, cryptocurrency, stocks, and ETFs
Customer Support	Email and phone support
Demo Account	Yes
Educational Content	Webinars, educational videos, and trading guides
Regulation	FCA, ASIC, and DFSA

8. Moneta Markets

Moneta Markets is recognised for its user-friendly interface and accessibility, making it an excellent choice for beginners. Offering raw spreads from 0.0 pips, Moneta Markets is designed to keep trading costs low. A standout feature of Moneta Markets is its proprietary trading platform, Pro Trader. This platform is intuitive and easy to navigate, featuring advanced charting tools, integrated market news, and a seamless trading experience. 

Moneta Markets offers a unique Trade Guardian feature that helps manage risk by automatically notifying of potential trading issues. Coupled with extensive educational content, including video tutorials and market analysis, Moneta Markets provides a supportive environment for traders.

Feature	Information
Raw Spreads	Yes, from 0.0 pips
Liquidity Providers	Equinix and oneZero
Trading Platforms	MetaTrader 4, MetaTrader 5, Pro Trader, and MT4 WebTrader
Tradable Assets	Forex, commodities, indices, ETFs, bonds, and stocks
Customer Support	Email, live chat, and phone support
Demo Account	Yes
Educational Content	Blogs and guides
Regulation	Cayman Islands Monetary Authority and Financial Sector Conduct Authority

9. PU Prime

PU Prime provides traders with direct market pricing through its Prime and ECN accounts, both offering raw spreads from 0.0 pips on major forex pairs. The Prime account charges $3.50 per side per lot, while the ECN account reduces commission to $1 per side per lot, making it one of the most competitive pricing structures for high-volume forex trading. 

Traders can access over 40 forex pairs, covering major, minor, and exotic currencies, with liquidity sourced from top-tier providers to maintain consistent pricing even during volatile market conditions. The broker supports advanced trade management tools, including one-click order execution and customizable chart layouts, which can help streamline decision-making during active market sessions. 

Those who rely on automated strategies can benefit from compatibility with VPS hosting, ensuring uninterrupted operation of expert advisors and trading bots. PU Prime also offers negative balance protection, which safeguards traders from owing more than their account balance during extreme volatility.

Feature	Information
Raw Spreads	Yes, from 0.0 pips
Spreads and Commission	Varies based on account: Spread – from 0.0 pips Commission – From no commission to $3.50 per lot
Trading Platforms	PU Prime App, MT4, MT5, and WebTrader
Asset Types	Crypto, forex, commodities, shares, bonds, indices, and ETFs
Tradable Assets	Over 1,000
Customer Support	Live chat, email, phone call, and help center
Demo Account	Yes
Educational Content	Pu Prime Trading Education Hub
Regulation	FSA, FSC, and FSCA

10. FBS

FBS offers a zero-spread account option to reduce its users’ trading expenses. In our review, the Zero Spread account stood out, providing spreads from 0.0 pips on major currency pairs, which can significantly boost cost efficiency. This account structure allows traders to take advantage of tight pricing without hidden costs, making it an excellent choice for optimising their trading costs. 

Furthermore, FBS supports multiple trading platforms, including MetaTrader 4 and 5, and its proprietary FBS Trader app. The broker is known for its extensive educational resources and the trading community it has built. With fast execution speeds and 24/7 responsive customer support, FBS ensures a seamless and supportive trading experience.

Feature	Information
Raw Spreads	Yes, from 0.0 pips
Liquidity Providers	NY4
Trading Platforms	FBS app, MetaTrader 4, and MetaTrader 5
Tradable Assets	Forex, stocks, indices, and commodities.
Customer Support	Email, live chat, and phone support
Demo Account	Yes
Educational Content	FBS Academy
Regulation	CySEC

What Are Raw Spreads in Forex Trading?

Raw spreads in forex trading refer to brokers offering direct market access with no markup on the spread. Instead of adding a markup to the spread, brokers charge a separate commission for each trade. This means traders get the exact bid and ask prices quoted by the liquidity providers, leading to tighter spreads, often starting from 0.0 pips. This type of pricing is beneficial for traders who require precision and low-cost trading. So Raw Spread Forex Brokers can offer you the lowest spreads possible.

Role of Liquidity Providers for Raw Spreads

Liquidity providers play an essential role in offering raw spreads. Large financial institutions, banks, or market makers typically supply bids and ask prices. Brokers with access to multiple liquidity providers can aggregate prices, ensuring traders receive the best spreads. This direct access to market liquidity results in more accurate and competitive pricing for traders.

Brokers Charge an Additional Commission Instead of Spreads

To compensate for the absence of a spread markup, brokers who offer raw spreads charge a commission on each trade. This commission is a fixed amount per lot traded and specified, providing transparency in trading costs. While this might seem like an additional cost, overall trading expenses are often lower because traders benefit from the narrower spreads, especially in high-volume trading environments. This model aligns the broker’s interests with the trader’s need for low-cost and precise trading.

Pros / Cons of Raw Spreads

How We Tested Raw Spreads Forex Brokers

We conducted a thorough testing process to provide you with the most accurate and comprehensive comparison of Forex brokers offering raw spreads on WR Trading. Here’s a detailed look at our methodology:

1. Account Setup: We opened live trading accounts with each broker to ensure we experienced their services as an actual trader would. This included verifying the ease of account opening, the initial deposit process, and the availability of account types.
2. Spreads and Commissions: We recorded the raw spreads offered by each broker across different currency pairs during various market conditions. Additionally, we calculated the total trading cost by factoring in the commissions charged on these trades.
3. Execution Speed: We measured the time for trades to be executed, from when a trade was placed to its actual execution. This is crucial for traders who rely on fast trade execution.
4. Trading Platforms: We evaluated the functionality and user-friendliness of each broker’s trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and proprietary platforms. This involved assessing the availability of advanced trading tools, charting features, and overall platform stability.
5. Customer Support: We tested the responsiveness and helpfulness of each broker’s customer support team by contacting them with various queries via live chat, email, and phone. Fast and effective customer support is vital for resolving issues quickly and maintaining a smooth trading experience.
6. Educational Resources: We reviewed the educational materials provided by each broker, such as webinars, tutorials, articles, and market analysis. Quality educational resources are essential for beginner and experienced traders to improve their skills and knowledge.
7. Regulatory Compliance: We checked each broker’s regulatory status to ensure compliance with industry standards and a secure trading environment. This included verifying their licenses with relevant financial authorities.
8. Additional Features: We explored any extra features the brokers offer, such as social trading, copy trading, and risk management tools, to see how these could benefit traders.
9. Overall User Experience: Finally, we considered the overall user experience, including the ease of navigating the broker’s website, the clarity of information provided, and the general usability of their trading platforms and services.

Are Raw Spread Forex Accounts Cheaper Than Standard Forex Accounts?

Yes, in many cases raw spread accounts can be cheaper than standard accounts but the actual cost depends on the broker’s commission and the number of trades placed. In a standard account, spreads might start from 1.0 to 1.5 pips with no commission, while raw spread accounts can start from 0.0 pips but charge a commission per trade.

Example calculation:

If you trade 1 standard lot (100,000 units) on EUR/USD:

• Standard account with a 1.2 pip spread: 1.2 pips × $10 per pip = $12 cost per trade.
• Raw spread account with 0.0 pips and $7 commission round trip: $7 cost per trade.

For high-frequency or high-volume traders, this difference can lead to significant savings. However, for very small trade volumes or infrequent trading, the difference might be minimal.

Are Raw Spread Forex Brokers Suitable For Beginners?

Yes, beginners can use raw spread forex brokers, but they need to know how the pricing works. In a raw spread account, the broker shows you the actual market spread, which can be as low as 0.0 pips, and then adds a small commission on each trade. Standard accounts, on the other hand, usually build the cost into the spread without charging commission. For someone new to trading, this difference might be confusing at first, but once understood, raw spread accounts can give a clearer picture of the real market conditions.

The main benefit for beginners is that they can see very tight spreads, which makes it easier to calculate costs and track performance. However, because commissions are charged separately, new traders who only place small trades may find that the savings are not as noticeable compared to standard accounts. Raw spread brokers are still suitable for beginners, but they work best for those who want to start with a transparent pricing model and eventually trade larger volumes.

Should You Use Raw Spread Forex Accounts For Scalping?

Yes, raw spread forex accounts are highly suitable for scalping because they keep transaction costs low on frequent trades. Scalping depends on capturing small market movements, so even a fraction of a pip can decide whether a trade is profitable. A standard account with spreads of 1 to 2 pips would eat into those small gains, but raw spread accounts that start at 0.0 pips give traders a clear cost advantage. 

Scalpers also need fast execution and reliable pricing to avoid slippage. Raw spread accounts usually connect to deep liquidity pools, which means orders are matched quickly and filled at prices closer to what is quoted on the screen. That level of consistency helps scalpers open and close positions within seconds without losing their edge to delays or widened spreads. 

Raw Spread Forex Brokers vs Zero Spread Forex Brokers

There are no differences between raw spread and zero spread accounts, as both follow the same commission based model. Traders are given access to market spreads that can reach as low as 0.0 pips, and the broker charges a commission per lot rather than widening the spread to generate revenue. 

The difference comes down to how brokers market the accounts rather than how they actually work. When brokers label “raw spread” the focus is on showing traders that prices come straight from liquidity providers without a markup. When the term “zero spread” is advertised, the emphasis is on the fact that spreads can fall to 0.0 pips during liquid trading hours. Both account types are the same setup, and for traders the experience is identical in terms of pricing and costs.

Conclusion

Raw spread forex brokers give traders the chance to trade with the lowest possible costs, creating a trading environment where every pip gained has more impact on overall results. Instead of paying wider spreads that can eat into profits, traders work with direct market pricing and a simple commission model where every trade has a fixed cost. This setup is valuable for anyone who trades actively, manages multiple positions, or uses strategies that depend on small market movements.

The brokers highlighted in our guide, StarTrader, IC Trading, RoboForex, and others, were selected because they combine raw spread accounts with strong execution speeds, reliable regulation, and solid customer support. 

Each one offers a slightly different approach, like lower commissions, a larger selection of forex pairs, and tools that support advanced trading strategies. Picking the right broker comes down to matching these features with your own trading style, so consider testing out their demo accounts until you find the right match.

Frequently Asked Questions on Forex Brokers with Raw Spreads