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Blog10 Best Forex Brokers With Raw Spreads
Access institutional-grade pricing with our top selection of raw spread forex brokers. Trade with 0.0 pip spreads and transparent commissions.
Written by
Marcus Thompson
Fact Checked by
Sarah Chen
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. If you are asking **what are the best raw spread forex brokers for expert traders**, 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, such as scalpers and algorithmic traders. Raw Spread Forex Brokers offer the lowest spreads possible, often averaging closer to zero on major pairs than standard accounts.
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Do All Brokers Offer Raw Spreads?
No, not all brokers offer raw spreads. Only certain brokers provide this pricing model (typically ECN/STP brokers). Choosing a broker specialising in raw spread accounts is essential if this is a priority for your strategy.
Quick Picks
Raw Spread Metrics
Pricing and entry requirements.
| Broker | Action | ||
|---|---|---|---|
| Exness | 0.0 pips | $3.50/lot | Open Account |
| XM | 0.6 pips | $3.50/lot | Open Account |
| AvaTrade | 0.9 pips | None | Open Account |
| BlackBull Markets | 0.0 pips | $3.00/lot | Open Account |
| FXTM | 0.0 pips | $2.00/lot | Open Account |
| RoboForex | 0.0 pips | $20/mil | Open Account |
| HFM | 0.0 pips | $3.00/lot | Open Account |
| Axi | 0.0 pips | $3.50/lot | Open Account |
| HYCM | 0.1 pips | $4.00/lot | Open Account |
| Vantage Markets | 0.0 pips | $3.00/lot | Open Account |
Detailed Broker Analysis
Exceptional Raw Spreads
BlackBull Markets is a standout broker known for its exceptional trading conditions. Our tests revealed raw spreads starting from 0.0 pips, making it a winner for low-cost trading. They offer MT4, MT5, and BlackBull Trade.
Pros
- FMA Tier-1 regulation (New Zealand)
- 26,000+ instruments via BlackBull Shares
- Excellent ECN execution (<75ms latency)
- Direct TradingView integration
Cons
- $5 flat withdrawal fee on all methods
- ECN Institutional requires $20,000 minimum
- Limited cryptocurrency selection
- No FSCS or ICF investor compensation
Pro-Level ECN Conditions
Vantage Markets provides professional-grade ECN conditions with spreads from 0.0 pips. Known for high transparency and speed, it is a top choice for serious traders.
Pros
- Strong ASIC & FCA regulation
- Competitive Raw ECN pricing
- Excellent social trading options
- Free VPS for active traders
Cons
- High minimum deposit for Pro account
- Limited crypto selection
Innovative Trading Tools
RoboForex distinguishes itself with a wide range of account options. We found their raw spreads starting from 0.0 pips attractive. The broker features unique tools like CopyFX and R StocksTrader.
Pros
- Low $10 minimum deposit
- High leverage up to 1:2000
- Excellent CopyFX copy trading
- Powerful R StocksTrader platform
Cons
- Offshore regulation (FSC Belize - Tier-3)
- Not available in USA/EU/UK/Australia
- Mixed customer reviews on withdrawals
Raw Spread 0.0
Exness offers raw spreads from 0.0 pips with a low fixed commission. Their stable spreads are ideal for raw pricing strategies and automated trading.
Pros
- Industry-leading withdrawal speed (instant/seconds)
- Exceptional transparency with public financial reports
- Massive liquidity - $4.5+ trillion monthly volume
- No inactivity, deposit, or withdrawal fees
Cons
- Not available to EU retail clients, US, UK, Canada, Australia
- Retail clients routed to offshore entities for leverage
- Customer support can be busy during peak times
- Limited stock CFD selection compared to competitors
Zero Spread Account
HFM's Zero Spread account offers super-tight raw spreads from 0.0 pips on major pairs with competitive commissions. It's a great entry point for raw spread trading.
Pros
- Strong multi-regulator oversight (FCA, CySEC, FSCA)
- Excellent account variety for all trader levels
- Outstanding local payment methods (Africa/Asia)
- Low minimum deposit ($0-$5 on most accounts)
Cons
- US clients not accepted
- Inactivity fee after 6 months ($5/month)
- Leverage caps apply in EU/UK jurisdictions
- Some features limited by regulatory entity
Zero Account
XM's Zero Account features raw spreads starting as low as 0.0 pips, perfect for traders who prefer commission-based trading with a highly regulated broker.
Pros
- Very low $5 minimum deposit
- Multiple account types for all levels
- Excellent educational resources (industry-leading)
- Fast execution with no-requotes policy
Cons
- Not publicly traded - less financial transparency
- No cryptocurrency trading (regulated entities)
- Inactivity fee after 90 days ($15/month then $5/month)
- Standard account spreads wider than competitors
Advantage ECN
FXTM's ECN account delivers raw spreads from 0.0 pips. It is one of the most popular raw spread accounts globally, offering fast execution.
Pro Account
Axi's Pro Account offers raw institutional spreads with no markup, direct from top liquidity providers, ensuring you get the best market price.
Pros
- No minimum deposit on Standard and Pro accounts
- Strong ASIC and FCA regulation
- Competitive raw spreads from 0.0 pips
- Axi Select capital allocation program
Cons
- Inactivity fee after 12 months ($10/month)
- Elite account requires $25,000 minimum
- Limited stock CFD selection compared to competitors
- No ETFs available
Professional Account
While known for fixed spreads, AvaTrade offers professional traders access to tighter spreads closer to raw market pricing on specific account types.
Pros
- One of the most regulated brokers globally (9 licenses)
- Commission-free trading model
- Fixed spreads - predictable costs
- Unique AvaProtect risk management tool
Cons
- Fixed spreads are wider than ECN/Raw spread brokers
- Higher inactivity fee ($50/quarter after 3 months)
- No ECN or raw spread account option
- Cryptocurrency spreads can be high
Raw Account
HYCM's Raw account provides spreads from 0.1 pips with a reasonable commission, combining classic reliability with raw pricing.
Pros
- Decades of stability
- Fixed spreads available
- Good educational webinars
Cons
- High inactivity fee ($10/mo)
- Raw spread commission high ($4/side)
Frequently Asked Questions
Top 10 Forex Brokers With Raw Spreads
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January 2026