Best Raw Spread Forex Brokers Compared (2025)

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Go to broker’s website Plus500 Overview

If you're too busy to read the entire article and want a quick answer, the best Forex raw spread broker is Plus500. Why? Here are its key advantages:

Is legit in your country (Identified as United States )
Has a good user satisfaction score 6.83 out of 10
Low commissions. Fixed commission per trade often ranges from $1 to $5 per standard lot.
High execution speed. Orders are processed instantly thanks to ECN/STP technologies.

Go to broker’s website Plus500 Overview

Below, we'll explain in more detail why we believe this and how brokers were evaluated.

The best Forex raw spreads brokers in 2025 are:

Plus500 - Best premium client support (personal manager, exclusive analysis, webinars)
Pepperstone - Best for scalping strategies (spread from 0 pips)
OANDA - Best for trading with advanced technical analysis tools (TradingView charts support)
FOREX.com - Diverse range of tradable assets (80+ currency pairs)
Interactive Brokers - Best broker for international investors (assets from 33 countries, 150+ markets)

Raw spread accounts offer the lowest trading fees, making them the most popular among both new and experienced traders. This article provides a comparative review of the best Forex brokers with minimal spreads in 2025, including their key features, trading conditions, and reliability. We will consider brokers with low spreads, transparent pricing, and modern trading platforms to help you increase your profitability. Read on to choose the best partner for successful trading.

Raw spread accounts comparison

Best Forex brokers with raw spread accounts
	Min. deposit, $	Max. leverage	Raw Commission	Investor protection	Open an account
Plus500	100	1:300		€20,000 £85,000 SGD 75,000	Open an account Your capital is at risk.
Pepperstone		1:500		£85,000 €20,000 €100,000 (DE)	Open an account Your capital is at risk.
OANDA		1:200		£85,000 SGD 75,000 $500,000	Open an account Your capital is at risk.
FOREX.com	100	1:50	2,5	£85,000	Study review
Interactive Brokers		1:30		$500,000 £85,000	Open an account Your capital is at risk.

Top 3 brokers with the tightest spreads

The size of the spread directly affects the efficiency of trading for active traders and users of trading bots. STP/ECN brokers offer minimal spreads for EUR/USD, with an average value of about 0.1 pips. Commissions for a standard lot are usually between $1.5 and $3.5. To further narrow down the choice for you, we have highlighted three brokers with the lowest spreads on EUR/USD and GBP/USD pairs available in your region.

	Raw Spread EUR/USD	Raw Spread GBP/USD
FOREX.com	0,1	0,3
Plus500
Pepperstone
OANDA
Interactive Brokers

What is a raw spread and raw spread Forex account?

A raw spread account is a type of trading account that provides direct access to the market without spread markups. Traders pay only a commission per trade, which reduces overall costs. Such accounts are usually offered by brokers with ECN (Electronic Communication Network) technology, which provides access to full market depth and fast execution of trades.

ECN brokers provide minimal spreads and better trading conditions due to high transparency and the absence of hidden commissions. Narrow spreads make such accounts profitable for active trading and the use of complex strategies. Reduced commissions and high execution speed provide greater trading efficiency, which makes raw spread accounts an optimal choice for experienced traders.

On raw spread or ECN accounts, the spread for liquid currency pairs such as EUR/USD can start from 0.1 pips. The size of the spread depends on the liquidity providers the broker works with, so there may be slight differences between brokers. Higher liquidity helps reduce spread fluctuations even in highly volatile markets.

How do Forex brokers make money on raw spread accounts?

Raw spread brokers make money in several ways:

Trade fees. Typically $1-5 per lot, which can generate significant income with large volumes of transactions.
Swaps. Income from swap rates on positions held after the market closes is based on the difference in interest rates between currencies.
Paid services. These can be VPS, analytical tools, signals or account management.

Brokers receive their main income from a large client base and large trading volumes, compensating for the low margin per transaction.

Should you choose a raw spread account?

Raw spread accounts are suitable for traders who want to minimize costs and improve the accuracy of their trades. They offer tight spreads and reduced commissions, making them beneficial for active strategies and trading in high volatility conditions.

These accounts provide fast order execution, allowing you to quickly respond to market movements. Brokers that provide raw spread accounts often offer additional tools, including analytical services and educational materials.

For traders focused on cost-effectiveness and transparency of trading, this type of account is the optimal solution due to its favorable conditions and high speed of operation.

Combine spreads, commission and swap data

Raw spread accounts are often chosen by traders who work with active strategies or high-frequency algorithms. However, when choosing a broker with this type of account, you should also consider the quality of order execution. Even minimal delays with high volatility can negate the benefits of a low spread. To do this, check with the broker which liquidity providers are used and how your trades are processed - via ECN, STP or a hybrid model.

Particular attention should be paid to the commission structure. The declared tight spread may be accompanied by a high fixed commission per lot, which will increase the overall costs with a high trading turnover. For long-term trading or positions that are held for several days, you should also consider swaps - they can vary significantly between brokers. Combining data on spreads, commissions and swaps, you can more accurately calculate the real cost of trading.

If you are just starting to work with the raw spread model, test accounts on a demo version or with a minimum deposit. This will allow you to evaluate the execution speed, connection stability and working conditions in real time. This approach will save you from unwanted expenses and help you choose a broker that really meets your expectations.

Methodology for compiling our ratings of Forex brokers

Traders Union applies a rigorous methodology to evaluate brokers using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.

Key aspects of the assessment include:

Regulation and safety. Brokers are evaluated based on the level/reputation of licenses and regulations they operate under.
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Brokers are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Brokers are assessed based on the variety, quality, and features of platforms offered to clients.
Other factors like brand popularity, client support, and educational resources are also evaluated.

Find out more about the unique broker assessment methodology developed by Traders Union specialists.

Conclusion

Raw spread accounts offer traders favorable conditions due to minimal spreads and a transparent commission structure. They are especially suitable for active strategies and those who are looking for precise execution of trades at low costs. When choosing a broker, pay special attention to the size of the spread and the quality of order execution, as well as additional commissions and swaps. Our comparison of the best brokers of 2025 allows you to choose the optimal trading partner that suits your goals. This will help minimize trading costs. Remember that testing the conditions on a demo account will help you assess their applicability to your strategy.

FAQs

Can raw spread accounts be used for scalping?

Yes, Raw spread accounts are great for scalping due to their tight spreads and fast order execution. However, make sure your broker allows such strategies, as some companies impose restrictions on high-frequency trading.

What are the risks of using raw spread accounts?

The main risk is high volatility, which can cause the real spread to increase during sharp market movements. Traders should also consider the trading fees that can accumulate with large trading volumes.

Are raw spread accounts good for beginners?

Raw spread accounts are more suitable for experienced traders, as they require a clear understanding of the cost structure. Beginners should start with a demo account or try a standard account to learn the basics of trading.

How to evaluate the quality of order execution on a raw spread account?

To evaluate, use a demo account or trade with a minimum volume. Pay attention to the speed of opening/closing orders, the presence of requotes and slippage. This will help you understand how suitable the broker's conditions are for your strategy.

Team that worked on the article

Maxim Nechiporenko has been a contributor to Traders Union since 2023. He started his professional career in the media in 2006. He has expertise in finance and investment, and his field of interest covers all aspects of geoeconomics. Maxim provides up-to-date information on trading, cryptocurrencies and other financial instruments. He regularly updates his knowledge to keep abreast of the latest innovations and trends in the market.

Learn about our editorial policies

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

ECN

An ECN, or Electronic Communication Network, is a technology that connects traders directly to market participants, facilitating transparent and direct access to financial markets.

Cryptocurrency

Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.

Leverage

Forex leverage is a tool enabling traders to control larger positions with a relatively small amount of capital, amplifying potential profits and losses based on the chosen leverage ratio.

Forex Trading

Forex trading, short for foreign exchange trading, is the practice of buying and selling currencies in the global foreign exchange market with the aim of profiting from fluctuations in exchange rates. Traders speculate on whether one currency will rise or fall in value relative to another currency and make trading decisions accordingly. However, beware that trading carries risks, and you can lose your whole capital.

CFD

CFD is a contract between an investor/trader and seller that demonstrates that the trader will need to pay the price difference between the current value of the asset and its value at the time of contract to the seller.

Top 5 companies for you

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