IC Markets Standard Vs Raw Spread, Which One is Better?

Yamin: Hi, Yasmin. The Standard account is considered more suitable for beginners because it's free of commissions, whereas the Raw Spread account may offer lower spreads, but it charges commission per trade, which can be quite burdensome after a while. On the other hand, scalpers would prefer Raw Spread accounts to get the tightest spreads possible as it can increase their chance of getting profit. To answer your second question, I think in the long run, the total trading cost depends on the strategy that you use and how you manage your trades. Since each broker offers different account types, you can compare them yourself to see which one works best for you. Hope it helps!

I agree with Tiffany! The standard account does not offer any commission and the spread will be 1 pip. In my opinion, if you are a beginner and want to learn more about scalping, it is best to learn on a demo account a little longer than day trading. I mean scalping trading takes a lot of experience and is difficult to trade with it while day trading is more comfortable and about trading itself we can use many indicators to assist us in transaction. There are several trading styles that you can read about in this article: 4 styles of forex trading. Hopefully this can be a reflection of your trading and account styles you may be used to. Remember that when using day trading you only open certain positions and target more pips, while in scalping you have to trade more often and sometimes you can open hundreds of positions in one day with fewer targeted pips. The fees that will happen also vary, the more positions you have, the more commissions will be whereas, the fewer positions you open, the less commission you will be charged.

In my opinion, there is no better account to trade with EA. It really depends on your EA settings. If your EA needs automated trading with multiple inputs such as EA Trading to scale, I recommend using a raw spread account. If you have small losses and higher spread losses, you can follow my suggestion. But if your loss is due to some other factor, such as your EA not being able to accurately determine the SL or your EA's price action is not accurate, then you need to review your EA. Which is best for Standard account and Raw account for EA depends on your EA settings. Be sure to update your EA too!

As far as I know, round-trip commission works like this. So, the commission on IC Market's ECN account is $3.5 per side. So, when you open an entry position, you will pay $3.50, and if you close the position, you will pay an additional $3.50. The total commission you have to pay is $7, and these commissions are called round-trip/round-trip commissions! Which is the most expensive? It depends on the account type and transaction size. Remember that round-trip commissions do not see your trade size. So if you enter with a lot of 0.01 you will be charged $3.50, while you enter with $1 as well. Whereas when you trade with lot commission, you will get commission after your trade reaches one lot. And note: most ECN accounts already use this type of commission, but with an ECN account, you can dig deeper into the market. Find the best Raw Brokers with the low commissions at here raw spread brokers with low commision

I agree with your statement about the high/ expensive fees. Obviously, as traders, we look for brokers that offer the lowest spreads, and where possible, we, as traders and clients, also need the lowest commissions. But we must know that the broker also does not make a profit to exist so that they can give you the best service for traders. Don't confuse trading with a lot of fees because, without a broker, you cannot enter the forex market quickly with low equity. How can we overcome the fees by knowing the trading styles? And choose the best account type that suits your trading style.

Arden Kevin: Agree with your opinion. But the problem is, the standard account is usually the initial capital is high and the minimum lot that must be opened is not flexible for a scalper.

So if you say the standard account is the best, not really. This all comes back to our individual needs. That's why there are people who prefer low spreads, there are those who choose no commission.

I myself am currently comfortable trading on a micro account, because I need an account that allows us to trade in small lots.

@Nahid Khan: When it comes to IC Markets, mate, their Standard and Raw Spread accounts have some noteworthy differences beyond just pricing. Let's break it down.

First up, the trading instruments. Both account types offer a wide range of trading instruments, including forex pairs, indices, commodities, and more. So, no worries there.

Now, platform options. The Standard account hooks you up with the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. They're user-friendly and packed with tools and indicators to enhance your trading experience. On the other hand, the Raw Spread account takes it a step further and gives you access to cTrader as well. cTrader is known for its advanced features and lightning-fast order execution, which can be a game-changer for certain traders.

Let's talk features. The Raw Spread account gets an edge with their raw spread pricing model, which means you'll have access to ultra-tight spreads directly from liquidity providers. It's all about that transparent pricing, my friend. Plus, the Raw Spread account holders get free Virtual Private Server (VPS) hosting, which can keep your trading platform running smoothly without interruptions. That's handy if you rely on automated trading strategies or want to minimize latency.

Now, choosing between the two account types depends on your experience level and trading style. If you're a beginner or prefer a more straightforward approach, the Standard account with MT4 or MT5 might suit you just fine. But if you're an experienced trader or want more advanced features and direct market access, the Raw Spread account with cTrader and those tight spreads could be a better fit.

@Martin Clark:  Hey! cTrader is a platform offered by IC Markets that is designed specifically for ECN trading. It's known for its user-friendly interface and advanced charting tools, making it a popular choice among traders who are looking for an alternative to the traditional MetaTrader platforms. Compared to MetaTrader 4, cTrader offers more advanced charting capabilities and a wider range of order types, including market, limit, and stop orders. It also has a built-in depth of market feature, which allows traders to see the current bid and ask prices for a particular currency pair.

Overall, both platforms are well-suited for ECN trading, but cTrader may be a better choice if you're looking for more advanced charting and order management tools. However, the best platform for you will depend on your individual trading needs and preferences.

Hello there! So, IC Markets' Raw Spread account pricing structure can have a significant impact on traders' overall costs. With the Raw Spread account, traders typically face lower spreads but might encounter commissions on each trade instead. On the flip side, the Standard account usually comes with higher spreads but without additional commissions.

Now, the benefit of the Raw Spread account is that lower spreads can potentially save traders money, especially if they're making frequent trades. However, the drawback is those commissions can add up, so traders need to consider their trading volume and frequency. As for different trading styles, like scalping or swing trading, it's essential to understand how these pricing differences affect them. Scalpers, who make lots of quick trades, might prefer the Raw Spread account because lower spreads mean less cost per trade. On the other hand, swing traders, who hold onto positions for longer, might not be as bothered by slightly higher spreads in the Standard account since they're not trading as frequently. So, it really depends on the trader's strategy and preferences. (additional information, about Raw Spread, you can read in this article : Raw Spread Pros and Cons in Forex Trading)