Is CySEC raw spread broker truly worth the money? If so, which one has the best trading conditions for you?
Raw spread has been a traders' favorite for quite a long time due to its benefits. Technically, a raw spread account offers a very low or zero spread. This means traders can reduce their trading costs since there is no difference between the market price and what the broker offers. Some brokers might call their raw spread a different name such as Razor Spread or ECN.
That being said, a raw spread account normally comes with commission fees. The commission is different according to the broker's policy. That is why it's best for traders to look for a raw spread broker with low commission fees. Apart from commission fees, regulations are just as important when it comes to choose the best raw spread brokers. One of the most known regulators to consider is CySEC.
Contents
Is CySEC Broker Safe?
Before digging deeper into raw spread CySEC brokerages, let's address the elephant in the room. Is CySEC safe? There are many debates about this topic, but what is the truth?
Let's start from the basics. CySEC is a Cyprus securities commission. This institution operates under the European jurisdiction that allows them to associates with MiFID and MiFIR, European regulations pertaining to financial instruments.
CySEC provides two exams for brokers which are the Basic Exam and the Advanced Exam. Both are intended to assess the participant's understanding of the investment environment in Cyprus and anti-money laundering regulations. Brokers that are subjected to CySEC regulations are allowed to accept customers from countries outside of Europe, thus allowing them to expand anywhere they aim to be. All brokers must contribute to CySEC's Investor Protection Fund and maintain operational capital of at least €750,000 to cover individual losses.
IC Markets
IC Markets is a well-known raw spread who holds CySEC license as one of their proofs of credibility. Their raw spread starts from 0.0 pips and claims to stay tight despite high volatility. Their raw spread is not only applied in MetaTrader but also cTrader as well. That means traders can still enjoy the 0.0 pip spreads no matter what trading platforms they choose. The raw spread is available in all of IC Markets trading instruments which includes Forex, Crypto, Indices, and many more. The commission fee for the MetaTrader raw spread account is $3.5 per side, while the cTrader charges $3 per side.
In order to make the client's raw spread trading experience much better, IC Markets equipped themselves with great execution speeds. The broker claims that its average execution speed is under 40ms. This has been made possible due to low latency fiber optic and Equinix NY4 server. Traders can also get free VPS which allows them to run automated trading strategies 24 hours a day and 7 days a week.
IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC).
On the other hand, non-Australian traders who open an account in this broker are registered under IC Markets SEY that is based in Seychelles, and regulated under the Seychelles Financial Services Authority (SFSA). The dual operation is a result of the relatively new rules from ASIC that prohibit their regulated broker to offer trading services outside Australia.
Classified as an ECN broker, IC Markets provide clients with MetaTrader 4, MetaTrader 5, cTrader as platform trading options. This broker also follows market trends to include Cryptocurrencies as one of its products, enriching its already wide selection of trading assets that include Currencies, Indices, Metals, Energies, Softs, Stocks, as well as Bonds.
The minimum deposit in IC Markets is in the middle range compared to other ASIC-regulated brokers, as it reaches $200 for every client. Market analysis materials are also prepared regularly for trading insights on IC Markets's official website, proving their competence to serve their traders with important contents created by market experts that work specifically for them.
For payment methods, IC Markets allows funding and withdrawal via wire transfer, credit card, PayPal, Skrill, Neteller, FasaPay, UnionPay, as well as Bitcoin via BitPay. The more interesting aspect from this broker is its multi-base currencies that include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.
As the trading technology in IC Markets is highly equipped with co-located servers and extremely low latency (especially on cTrader), the broker is widely known for its capability in hosting traders with the special needs for high-frequency trading as well as scalping.
To sum up, IC Markets is a fitting destination for active traders looking for a well-regulated broker. IC Markets is also flexible in terms of base currency and payment methods, signaling their commitment to welcome traders beyond their home country. As of late 2019, IC Markets provided their website in 18 international languages including English, Korean, Indonesian, French, Spanish, Italian, Malay, German, and Chinese.
Admirals
Another raw spread CySEC brokerage to consider is Admiral Markets or Admirals. In general, this broker offers two trading platforms, MT4 and MT5. Both trading platforms support raw spreads. The commission fees for Forex and Metal like gold, silver, and copper, start from $1.8 to $2 per 1.0 lot. While the commissions for Cash Indices and Energies are $0.05 and $1 per 1.0 lot respectively. Hedging is allowed, but unfortunately, there is no Islamic account available for this account type. This might be a deal breaker for some traders.
BDSwiss
For those who are looking for a raw spread CySEC broker, BDSwiss can be a good option too. Their raw spread starts from 0.3 pips on the EUR/USD pair. This might seems higher compared to other brokerages in this list, but it is still considerably tight especially considering their relatively low commission fees of $5 per round lot on all Forex pairs. The BDSwiss raw account is available across various trading platforms, which include WebTrader, Mobile App, MetaTrader 4, and MetaTrader 5.
Blueberry Markets
Blueberry Markets offers two trading account types, one of which is the Blueberry Direct Account which comes with a built-in raw spread starting from 0.0 pips. This account charges a commission fee of $7 per round turn. It's available in all Blueberry Markets' trading platforms (MT4, MT5, and WebTrader). With only $100 minimum deposits, traders can enjoy all the benefits of a raw spread account, including a maximum leverage of 1:500.
www.blueberrymarkets.com
1:500
$100
2016
Go Markets
Go Markets allows traders to enjoy raw spread as low as 0.0 pips through their GO Plus+ trading account. There are also different benefits that come with this account. To start with, Go Plus+ has pretty low commission fees of $3 per side on the standard lot. Next, traders can take advantage of the $200 minimum deposit. Leverage is very flexible with a maximum amount of 1:500. What's unique is that this account comes with a dedicated account manager to make sure traders have the best experience.
Go Markets is a broker established in Australia in 2006. Go Markets has also been licensed by the Australia Securities and Investment Commission (ASIC), identified by its AFSL 254963. Go Markets has some partnerships with various specialists in global securities and derivatives, thus it can provide better service to their customers by bringing this expertise on board. Go Markets is well known for having some branches in the UK, Taiwan, and Hongkong.
Go Markets commits to give the best to their clients, by refining their technology and improving their service and clients' education. Furthermore, Go Markets is also willing to continuously provide the best trading experience to the clients through reliable customer service, transparent pricing, low-latency trade execution, and platform stability.
When it comes to trading, the right platform is needed to carry out your trades perfectly. GO Markets offers both the powerful MetaTrader 4 and MetaTrader 5 as desktop and mobile trading platforms for traders. Since Go Markets has been acknowledged as the first MT4 broker in Australia, they do some improvement by adding MT5 and a web-based trading platform to fulfill their clients' needs for suitable platforms.
MT4 for mobile allows new and seasoned traders to trade anywhere and any time, analyze markets and easily access all Expert Advisors. The main difference between MetaTrader 4 and MetaTrader 5 and their associated mobile trading platforms is that MT4 is predominantly a Forex trading platform, while MT5 is a multi-asset CFD trading platform. Moreover, the internationally trusted Go Markets Metatrader 4 Platform has these advantages among many others:
- No dealing desk involvement
- Spreads from 0.5 pips
- Leverage up to 500:1
- No hedge restrictions
By opening an account in GO Markets, traders will be provided with some of the most advanced and powerful trading tools in a range of markets when it comes to online CFDs Trading. For traders who just start, honing skills in GO Markets' demo account can familiarize themselves with the broker's trading platforms and tools.
While for those who want to start real trading, GO Markets allow for flexible trading on a range of Forex and CFDs including Shares, Commodities, Indices, and Cryptocurrencies through MetaTrader 4 and MetaTrader 5 platforms.
Go Markets is very pleased to announce that they will be soon using Currenex technology, a born of Currenex interbank liquidity, to provide more liquidity to their clients.
GO Markets ease their clients' money transfer through Client Portal. They can open accounts and deposit funds in 9 currencies (USD, GBP, EUR, NZD, SGD, CHF, CAD, HKD, AUD). Whereas, deposit and withdrawal can be done either by bank transfer or e-payment (FasaPay, Neteller, and Skrill). Clients do not need to worry about deposit and withdrawal fees, because GO Markets does not charge any internal deposit fees using Visa/Mastercard, Skrill, Neteller, and Bank Transfer.
Last but not least, Go Markets also guarantees the clients' funds by protecting their privacy and financial information with maximum care. Go Markets employs leading security systems and has strict procedures in place to protect clients' information.
If you want to start trading in Go Markets with a little cash and low risk, Go Markets offers special accounts where clients can start trading with a few dollars and the ability to trade from one cent per pip only. There is a $500 deposit limit in these accounts and Expert Advisors use is allowed.
Pepperstone
Pepperstone Razor spread account is well known among many traders. This account comes with a raw spread of 0.0 pips on all currency pairs. It is also available for other instruments as well, including Indices, Commodities, Cryptocurrencies, and Shares. This CySEC broker charges commission fees from $0.08 round turn per 0.01 lots on MetaTrader (MT5 and MT4). Meanwhile, the cTrader razor spread commission fees are $6 round trip. The raw spread is also available on Tradingview with a commission fee of $6 per round trip.
Pepperstone was founded in 2010 by a team of experienced traders with a shared commitment to improve the world of online trading. Based in Melbourne, Australia, they grew to become one of the largest forex brokers in the world. If traders want to find a broker that provides low spreads, fast execution, and award-winning support, then the answer is Pepperstone.
Pepperstone has a strong legality guarantee because it has been licensed by the Australian regulator ASIC and FCA. Traders' funds can be deposited in segregated accounts at top Australian banks, one of which is the National Australia Bank (NAB). Therefore, the safety of funds is not a concern if a trader chooses to open an account in Pepperstone.
They succeeded in collaborating with 23 top banks to bring Bid to investors instantly via optical fiber. This allows all orders to be executed 100 percent automatically with low latency up to 0.05 milliseconds, without dealing desk intervention and requotes, as well as with super low trading costs.
Trusted by over 73,000 traders around the world, Pepperstone processes an average of USD12.55 billion of trading volumes every day. Because of that, they have many awards such as:
- The Best Global Forex ECN Broker 2019 and Best Forex Trading Support-Europe
- Best Australian Broker and Best Trading Platform 2018 by Compareforexbrokers.com
- Best Forex ECN Broker, Best Forex Trading Support, and Best Forex Trading Conditions by UK Forex Awards 2018
With the many rewards gained, Pepperstone hopes to attract more and more traders from all over the world. The rising performance of Pepperstone is not only due to the super-tight spreads and fast execution that it provides, but also because many traders are interested in trading with deposits in currencies other than US Dollars.
For this reason, Pepperstone is one of the most market-responsive brokers because it is willing to accept deposits in 10 currencies, which include AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, SGD, and HKD.
Trading in Pepperstone would allow traders to choose between 11 trading platforms: MT4 for desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad/Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo, and cTrader Mobile. The choice of trading platforms may seem confusing to novice traders, but actually, it is very useful because it has fast execution.
When trading forex, traders can enjoy raw spreads from 0.0 pips on Razor accounts, over 61 currency pairs, and commission-free account funding on a wide range of deposit options. In addition to currency pairs, Pepperstone provides many types of trading instruments, including CFDs for indices and shares, commodities, and cryptocurrencies.
Instruments in commodity trading are pretty much diversified. Not only metal, gold, and silver, but traders can also trade with soft commodities such as cotton, sugar, coffee, cocoa, and orange juice. Pepperstone also provides trading on energy (oil and gas).
There are two types of accounts provided by Pepperstone, namely Razor accounts, and Standard accounts. If you area beginner, it is recommended to choose a Standard account with an average EUR/USD spread of 1.0-1.3 pips and free commission.
Those with particular trading styles such as scalpers and algorithmic traders may enjoy the lower cost setup traditionally seen in a Razor account, with a commission from AUD7 round turn of 100k traded. You can start trading with a minimum lot of 0.01 (micro) and 1:400 leverage.
As a Pepperstone client, a trader can fund and withdraw with alternative methods including Visa, Mastercard, POLi internet banking, bank transfer, BPay, PayPal, Neteller, Skrill, and Union Pay.
If you are new to trading or looking to practice your trading strategies in a risk-free environment, you can create Demo Account in Pepperstone. But if you are an experienced trader or prefer to learn by doing, Pepperstone provides a Live Account that allows you to trade with live executions and pricing.
Traders can also follow and copy strategies from popular traders using third-party services while learning how to improve their trading abilities. Pepperstone has partnered with a range of social trading platforms that traders can choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader signals, and Duplitrade.
CySEC Brokers, Yes or No?
The debate about which regulator is best might not reach an end any time soon. Each trader has their own reasons to believe which regulator can be trusted. CySEC is a popular regulator among many traders across the globe and it's not hard to see why. All CySEC-regulated businesses are required to protect their client's safety, and the rules and activities are always aligned with the regulatory standards set by the European financial regulatory framework.
By now, CySEC has regulated many brokers all around the world. All financial service providers under CySEC are allowed to provide a raw spread for their clients, making it easier to find brokers with the best pricing under the commission.
19 Comments
Oct 30 2022
In the article, it is mentioned that brokers like Blueberry and Admiral S are not only regulated and originally from Australia but have also obtained regulation from CYSEC (Cyprus Securities and Exchange Commission). I find this intriguing, as it raises questions about how brokers can acquire regulation from multiple jurisdictions simultaneously. Could you shed some light on the process that allows brokers to obtain regulatory approval from both Australia and CYSEC? Are there specific requirements or agreements in place that facilitate this dual regulation?
Furthermore, the fact that these brokers have obtained regulation from both Australia and CYSEC may lead one to assume that they possess enhanced safety and reliability. Does the fact that they hold multiple regulatory approvals provide an additional layer of assurance for traders? In other words, can traders consider them to be more trustworthy and secure due to their compliance with regulations from multiple jurisdictions?
Oct 31 2022
@Aston:So, you're probably wondering how they manage to get approval from multiple jurisdictions at the same time.
Well, here's the deal: each regulatory authority has its own set of rules and requirements. These brokers would have gone through the process of getting regulated by the Australian authorities like ASIC first, to make sure they comply with Aussie regulations.
Then, to get the CYSEC approval, they'd have to go through a separate application process specifically for Cyprus. CYSEC has its own standards and framework that brokers must meet.
Getting regulatory approval from multiple jurisdictions is no joke. Brokers have to pass background checks, prove their financial stability, and show that they have proper compliance procedures and risk management practices in place.
Now, here's the interesting part: when brokers have approvals from both Australia and CYSEC, it actually gives traders an extra sense of security. It shows that these brokers are serious about following regulations from different jurisdictions and maintaining high standards.
hope it can clarify your thought about multiple regulation in one broker!
May 9 2023
Hey there! I just wanted to say that your article on CySEC regulation was fantastic! It really opened my eyes to the effectiveness and strictness of their terms and conditions. I used to hear some traders saying that trading with CySEC-regulated brokers wasn't safe, but now I have a different perspective.
Speaking of CySEC being a European jurisdiction, I have a question. Let's say I'm a trader from Italy or Spain, can I actually join and trade with brokers regulated by CySEC? I ask because I've come across some brokers under CySEC regulation that seem to offer great opportunities for beginners like me. It would be awesome if you could clarify this for me!
May 24 2023
@Lionel: Absolutely! Traders from Italy, Spain, and many other European countries can join and trade with brokers regulated by CySEC. CySEC is a European regulatory authority, and its regulations apply to brokers operating within the European Economic Area (EEA). This means that traders from EEA countries, including Italy and Spain, can access and trade with brokers under CySEC regulation.
It's great to hear that you've found some promising brokers regulated by CySEC that cater to beginners. Just make sure to verify that the broker accepts clients from your specific country and offers the services and features you're looking for.
Happy trading!
May 27 2023
I'm fascinated by the regulations imposed by CySEC and the impact they have on brokers operating under their oversight. I recently learned that brokers subject to CySEC regulations have the advantage of being able to accept customers from countries outside of Europe, granting them the opportunity to expand their services worldwide. One aspect that caught my attention is the requirement for brokers to contribute to CySEC's Investor Protection Fund, which seems to emphasize the importance of safeguarding investor interests.
In addition to the Investor Protection Fund, I'm curious about the other financial obligations that brokers regulated by CySEC must fulfill. Could you provide more information on the fees and requirements that these brokers are expected to meet? For instance, I read that brokers are required to maintain operational capital of at least €750,000 to cover potential individual losses. It would be helpful to understand how these financial obligations contribute to investor protection and ensure the overall stability of the regulated brokers.
Furthermore, I'm interested to know how the fees and requirements imposed by CySEC compare to those in other regulatory frameworks. Are there any notable differences or unique aspects that set CySEC apart?
May 28 2023
@Raiko:
CySEC has a comprehensive framework for overseeing investment firms and financial markets in Cyprus. They make sure companies comply with regulations and protect investors. Here are some key points that I get from their website:
As for fees, CySEC charges various fees like application fees, annual fees, and fees for specific services. The exact fees depend on the firm's activities and size.
Jun 9 2023
It said that Pepperstone's Razor spread account is renowned for its attractive features, offering a raw spread of 0.0 pips on all currency pairs and availability for various instruments. Interestingly, this CySEC-regulated broker charges commission fees starting from $0.08 round turn per 0.01 lots on both MetaTrader platforms, MT4 and MT5.
Now, let's dig deeper into this. Why do you think there are different fees charged for MT4 and MT5, even though they are both offered by Pepperstone for their Razor spread account? What factors could be influencing the variation in commission fees between the two platforms? Share your insights and let's discuss!
Jul 15 2023
@Tally: In my opinion, different commission fees for MT4 and MT5 on Pepperstone's Razor spread account could be attributed to various factors. One possible reason is the technological disparities between the two platforms. MT5, being a newer and more advanced platform, may require additional resources and maintenance, leading to slightly higher commission fees compared to MT4.
Another factor could be the popularity and demand for each platform. If MT4 has a larger user base and higher trading volume, Pepperstone may offer slightly lower commission fees to attract more traders to that platform. Conversely, if MT5 is gaining momentum and has an increasing number of users, commission fees for that platform may be set slightly higher to reflect its growing demand.
Additionally, the cost structure associated with providing services on each platform, such as licensing fees or technology development costs, can influence the commission fee differentiation.
Jul 16 2023
I'm really interested in BDSwiss as a broker due to their wide range of trading platforms available. What particularly caught my attention is their offering of a 'raw spread.' Could you explain the significance of a raw spread in BDSwiss' services, how they provide it, and the advantages it offers to traders? Additionally, I'm curious about how the tightness of BDSwiss' raw spread and their relatively low commission fees contribute to the overall trading experience compared to other brokers. Furthermore, I would like to know which trading platforms BDSwiss' raw account is available on and how this availability enhances flexibility for traders. Any insights on these aspects would be greatly appreciated
Aug 4 2023
Security is a major concern when depositing funds with a broker, and I'm interested in IC Markets' security measures. Since the KYC process exposes our personal identity, it's essential for brokers to ensure strong security measures to prevent any data breaches. Furthermore, we also need assurance of security during the withdrawal process. Can you provide information on IC Markets' security measures for both deposits and withdrawals?
Aug 5 2023
IC Markets is known for its high level of security when it comes to the safety of its clients' funds. The broker uses advanced encryption technologies to protect client information and has implemented strict security protocols to ensure that all transactions are secure. Additionally, IC Markets is regulated by multiple reputable regulatory bodies, including ASIC in Australia and CySEC in Europe, which require the broker to adhere to strict rules and regulations related to client fund safety and security.
Regarding the withdrawal process, IC Markets also has measures in place to ensure the security of client funds. For instance, the broker requires that all withdrawals be processed through the same payment method used for depositing funds, which helps prevent fraudulent activity. However, in IC Markets, they may request additional verification documents from clients to enhance the security of their accounts and funds, as you can choose other payment options for withdrawals.
Overall, IC Markets takes security very seriously and has implemented various measures to safeguard its clients' funds and personal information.
Read more: Is IC Markets Good for Beginners?
Aug 6 2023
As you may know, CySEC (Cyprus Securities and Exchange Commission) is a reputable regulatory body in the financial industry. They are responsible for overseeing the financial activities of companies operating in Cyprus and ensuring their compliance with relevant laws and regulations. While there is no perfect regulatory body, CySEC is generally regarded as one of the more reliable and trustworthy regulators in the industry. Their regulations aim to protect investors and maintain the integrity of the financial markets, much like ASIC. Overall, brokers regulated by CySEC can be considered safe, both in their activities and their security measures.
Read more: CySEC Regulated Brokers for Beginners
Aug 17 2023
I am really interested in Forex, but I don't have much time to monitor the market consistently. I only have a few minutes to look at the charts, especially during lunchtime and my commute back home. I work full-time and am eager to learn Forex. As you may know, I've been exploring additional income sources because I'm concerned about job security.
From what I understand, Forex appears to be one of the best solutions. So, I'd like to inquire about some features of Admiral Markets. Which is the best trading account for me to choose if I decide to trade with Admiral Markets? Do you have any suggestions on which trading style might be suitable for me?
Aug 18 2023
I recommend opening both Trade MT4 and Trade MT5 accounts because these accounts do not charge any commissions. Even though the spreads are greater than zero, at least you won't have to deal with complex commissions that are incurred with Zero MT5 accounts. Additionally, you should consider which account suits your needs. If you plan to trade a variety of instruments, specific timeframes, or other specialized assets, you may opt for Trade MT5. However, if you exclusively trade Forex and prefer a simpler interface, then Trade MT4 is the way to go.
If you have a full-time job, I suggest learning more about swing trading. Alternatively, if you have the time to monitor the market, analyze it, and make decisions, you can explore day trading. You can read the article here to help you determine your preferred trading style: Swing Trading VS Day Trading
Aug 20 2023
Pardon me, if my questions seem basic; I haven't had the time to go through all the article's details. Could someone please provide a straightforward answer to my query:
What are the various types of accounts available at Blueberry Markets for deposits and withdrawals, and what are the minimum deposit requirements for each account type?
Aug 21 2023
Blueberry Markets is an Australian-based forex broker that offers three types of trading accounts, each with different deposit requirements. These accounts are as follows:
In terms of deposit and withdrawal methods, Blueberry Markets offers a range of options, including bank wire transfers, credit/debit cards, and online payment systems such as Skrill and Neteller. Traders can choose the method that is most convenient for them.
Read more: Guide to Blueberry Markets Deposits and Withdrawals
Aug 30 2023
I am pleased to have explored the security of trading on Admirals and to have read this article. I found valuable information regarding the security services offered by this broker.
If you are a trader using Admirals, you are indeed fortunate. Admirals ensures that its clients are protected from fraud. In the event of fraud, clients can directly contact this broker using the contact form or reach out to us directly from Monday to Friday, 24 hours a day, or by sending an email.
Furthermore, I have also discovered other positive aspects that may be of interest to Admirals' clients or traders considering this broker. This month, Admirals has introduced an update to enhance the trading experience, known as the Trader Room.
The Trader's Room is exclusively provided by Admirals and serves as your trading portal. It's essentially a one-stop shop for managing your trading portfolio, offering ease of use, advanced security, and a range of other useful tools that provide peace of mind.
Read more: Admiral Markets Global: All You Need to Know
You gain access to five account types, allowing you to trade over 4,000+ financial instruments, with options for both commission-free and commission-based trading, along with access to raw spreads.
Nov 22 2023
Nov 26 2023
The answers are yes! Regulatory bodies like CySEC play a key role in overseeing brokers globally, giving the green light for financial service providers under their jurisdiction to offer cool features like Raw Spread to clients. Now, here's the scoop: regulators are the big bosses who generally set the ground rules for brokers, covering things like leverage, spread, commission, and swap conditions. They aim to keep things fair and transparent while also managing risk.
When it comes to services like Raw Spread, regulators usually lay down the guidelines, but brokers might still have a bit of wiggle room within those rules. So, it's like regulators are the guardians making sure everyone plays by the book.
As for the assets you can trade, regulators often have a say in defining the menu. They want to make sure you have a decent variety of options—currencies, commodities, indices, you name it—while keeping everything within a regulated and secure framework.