Trading with a raw spread account has a number of advantages, especially when you add a low deposit on top of that. Here are the best raw spread brokers with low deposits.
It is a common misconception that you need to invest a lot of money in order to trade in forex. With the forex industry growing every day, there are always improvements to the system which allows for more people to start trading much easier. Today, there are quite a few brokers offering a low minimum deposit in order to attract more clients who are unable to invest too much. On top of that, many of them offer low deposits for their raw spread accounts to win people as clients.
Although you have found numerous brokers out there offering raw spreads, of the many, which one provides low deposit? Below are some of the best brokers which offer a raw spread account on a low deposit.
ICMarkets is a CFD-focused international broker. It was founded in 2007 and is therefore relatively experienced in the industry. In order to compete with other trusted several brokers, they decided to offer their raw spread account on a minimum deposit of $200. This significantly increased their popularity, especially among traders who weren't ready to make a big investment in this industry yet. In addition, this account allows you to trade on the tightest spreads and minimal commissions.
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.
RoboForex was founded in 2009 and is one of the most trusted brokers in the industry. They are offshore-based so they offer some really great assets at market competitive rates. They have a raw spread account which they offer at a minimum deposit of $10.
Through this raw spread account, you'll have access to 36 currency pairs, Metals, CFDs, and Cryptocurrencies. Despite being located offshores, they have pretty great reviews and have built a trusted name for themselves over the years in the forex space.
Well-known as one of the most committed brokers in trading technology advancements, RoboForex reaches out to a wide range of traders, from beginners to the more experienced ones who seek sophisticated trading environments with ECN-like spread and execution. The company is established in 2009 and holds a head office in Belize. Registered under the IFSC Belize, RoboForex manages to attract clients with fantastic leverage as high as 1:2000.
As for the service for European-based traders, RoboForex specifically operates a different brand called RoboMarkets that is still a member of the head company (Robo Holding Company) and has an office in Cyprus. The operation is licensed under Cyprus Securities and Exchange Commission (CySEC).
Following its commitment to be the forefront in terms of a high technology forex broker, RoboForex provides various trading platform choices including MetaTrader 4, MetaTrader 5, cTrader, Social Platform, and its proprietary platform.
Trading instruments range from Currencies to Metals, Indices, Energies, Stocks, ETFs, and Cryptocurrencies. Aside from basic service, trading in RoboForex also presents a collection of distinctive features such as the PAMM system and Social Trading network developed with their own brand of CopyFX, ETFs, and stocks that reaches up to thousands as the available trading assets, tight spreads, and payment method via Bitcoin and Ethereum.
RoboForex also accepts payment through a surprising online gateway besides wire transfer and credit card. The alternative methods are Skrill, Neteller, FasaPay, UnionPay, WebMoney, Perfect Money, Qiwi, and other similar online payments.
After opening an account, traders can start with a minimum deposit as low as $10 in Pro Accounts. To specify, here is a short description of each type of accounts that traders can choose from in RoboForex:
- Minimum Deposit: $10
- Spread: from 1.3 points
- Minimum order volume: 0.01
- Leverage: up to 1:2000
- Minimum Deposit: $10
- Spread: from 0 points
- Minimum order volume: 0.01
- Leverage: up to 1:300
- Minimum Deposit: $5,000
- Spread: from 0 points
- Minimum order volume: 0.01
- Leverage: up to 1:100
- Minimum Deposit: $10
- Spread: from 1.3 points
- Minimum order volume: 0.1
- Leverage: up to 1:2000
- Minimum Deposit: $100
- Spread: from $0.01
- Minimum order volume: 1 stock
- Leverage: up to 1:200 (during the trading session) and up to 1:4 (after the trading session)
The R Trader account signifies RoboForex's attempt to distinguish forex and stock trading condition. It appears that the platform used in that particular account is RoboForex's in-house product that is specifically designed for stock online trading.
The overall description above depicts RoboForex as a distinguished broker despite its status as an offshore-regulated entity. Not only successful in providing various trading technology, but RoboForex also focuses on stock trading for more conservative traders. However, it is also important to note that RoboForex is one of the few brokers that boldly offer an extremely high perimeter of leverage at 1:2000.
LiteFinance, also previously known as LiteForex, is a forex broker that is well known for its social trading platform and raw spread accounts. They were founded in 2005 and are offshore-based. They offer their raw spread account on a minimum deposit of $50. Note that this account charges a commission of about $0.5 per lot which is actually one of the best rates in the industry. You even get free access to their social trading platform with this account.
Regulated by the Cyprus Securities and Exchange Commission (CySEC), LiteForex is also subjected to the European Securities and Markets Authority (ESMA). However, aside from basing its operation on Cyprus, LiteForex also branched to the Marshall Islands. Here, LiteForex hasn't been regulated by any financial regulator yet and conducts its operation under the name of LiteForex Investments Limited (different from LiteForex European Limited which is regulated under CySEC).
Based on some traders' experience registering in LiteForex, the company doesn't strictly limit EU-based traders to LiteForex European Limited. Such traders can openly register under LiteForex Investments Limited that is not subjected to higher leverage restrictions issued by ESMA.
Trading assets in LiteForex range from Currency, Metals, Oil, Stock in CFD, Global Indice, as well as Cryptocurrency. More importantly, the broker provides traders with the chance of trading more than 40 large American companies' Stocks in CFDs.
With the support of both MetaTrader 4 and 5 platforms, LiteForex traders are given the freedom of trading various instruments with the most well-known technologies in trading. It is also the gateway to access an extremely wide selection of custom indicators and Expert Advisors that everyone can discuss and download in MQL4 and MQL5 sites.
ECN and Classic are the only account types offered by LiteForex. Although relatively limited, the account choices have managed to accommodate the majority of traders' needs, particularly those with early to intermediate levels of trading experience.
Interestingly, LiteForex boasts its capability of giving an annual interest for ECN traders which amounts to 2.5% of the accumulated daily free margin. As a complimentary, LiteForex also built a Social Trading system that manages to completely resemble a social media platform with special features solely based on usual trading necessities. The said platform is also easily integrated with traders' Member Area.
On the payment methods' front, LiteForex provides a lot of choices ranging from standard Bank Transfer to electronic payments like Skrill and Neteller. This broker is also known for its ongoing Zero Fees program that relieves traders from the attached fees from each method payment.
More than its commitment to ease traders' experience in terms of payment and trading, Liteforex used to be recognized as one of the first brokers initiating the innovation of Cent Account for small traders, thus the name "Lite". However, the company's focus seems to change over the years so they now choose to limit their service only to ECN and Classic traders.
Furthermore, LiteForex has been serving global retail traders since 2005, an accomplishment not many forex companies can achieve. Therefore, it can be concluded that even though LiteForex is operating as an offshore forex broker, its durability for more than 10 years serves as a reminder of retail traders' trust.
Another thing to note from this broker may come from its expansion to Asian countries and their passionate effort to penetrate the markets profoundly. Not only the language support in the official website, but LiteForex also goes beyond to maximize its commitment by providing local payments and other means specifically tailored for each country's traders.
To keep their traders engaged in more trading activities, LiteForex also holds seasonal trading contests and various kinds of promotional bonuses. Their profile in numerous review sites also indicates a relatively safe broker for retail traders.
Yet, it is important to note that LiteForex offers its service globally as LiteForex Investments Limited which hasn't been registered to any financial regulations. This may subject traders to difficulties in filing complaints and compensation claims should there be unfortunate incidents in the future.
But if we take a look at its long-standing as a comparatively experienced broker since 2005, it is quite safe to say that trading in LiteForex can be considered quite reliable, especially considering its status as an offshore brokerage.
Axiory is a global forex and CFD broker. It was established in 2011 and is relatively new to the industry. Due to being located offshores, they're able to offer a lot more financial assets for trading to their clients. This has made them extremely popular among traders worldwide.
They're also well-known for having $10 minimum deposit requirements on some of their account types. This includes their Alpha account which is a raw spread account. This account has spreads starting from 0 pips and they charge a commission of about $1.5/lot.
Blackwell Global is an international company that provides all sorts of financial services. They were founded in 2010 and have offices all around the globe with their headquarters in the UK. In order to promote their services, they're offering all their account types on a $1 minimum deposit. This includes their raw spread account which offers the tightest spreads on a commission of about $9 per round lot. This is a highly trusted broker as it is regulated by some of the best regulatory bodies including the top-tier Financial Conduct Authority UK (FCA).
Forex4You is an offshore forex broker. Despite being established in 2007, they have yet to gain the trust of traders worldwide. In order to promote their services, they've offered their accounts for $1 minimum deposit requirements. This includes their raw spread account which has spreads starting at 0 pips with a commission of $8 per lot. This broker is not regulated by any trusted regulatory broker and therefore should be traded with caution.
Providing services since 2007, Forex4you is mostly out of the spotlight even though their trading conditions can be regarded as one of the most flexible among other forex brokerages. Setting headquarters in the British Virgin Islands, this broker is currently under the regulation of local financial regulatory called the BVI Financial Services Commission (BVIFSC).
After opening an account with Forex4you, traders can choose leverage as high as 1:1000, thanks to the relatively loose policy from BVIFSC. Forex4you divide their account types by execution. Between the 4 accounts available, two adopt instant execution (Cent & Classic) while the remaining two call for market execution (Cent NDD & Pro STP). For traders choosing accounts with instant execution, there will be no trading commissions charged, but the spread is a bit high as it settles on 2 pips range (at the minimum). On the other hand, account types with market execution can give a floating spread from 0.1 pip despite charging a commission starting from $8 per lot.
Forex4you provides no Swap-Free feature, so this broker is not Sharia-compliant. Still, it is quite interesting to note that this broker provides an alternative on platform trading, so traders can try to trade on another platform with a new interface should they feel restricted by MetaTrader4 limits. The said platform is uniquely Forex4you's trading technology, which is available on WebTrader and Mobile App.
Forex4you also highlights their own Social Trading platform hailed as Share4you, which allows all traders to play as either Leaders or Followers. Both sides have mutual advantages, as Leaders are granted additional fees from their Followers while the Followers can copy trades which makes their transactions a lot easier and reliable as the signals come from more experienced traders.
Beyond their innovations on trading platforms as well as Social Trading facilities, Forex4you is quite transparent on their forex pairs' liquidity providers. However, they don't have a certain page dedicated to their Contract Specifications for other class assets.
Payment methods in Forex4you are quite limited, only available in Bank Transfer, Neteller, Skrill, WebMoney, and Credit Cards (Visa and Master Cards). This broker claims to have more than a million accounts all over the world, so it is believed that Forex4you is one of those forex brokers who perform steadily even if their popularity doesn't soar extremely high because of intense marketing schemes.
What makes trading in Forex4you stands out from is the remaining Cent Account which allows traders to trade with a contract size as low as 1000 units per lot. The ultra-small trading volume has been infamous for traders who want to trade in a real account with very minimal risk. However, the numbers of broker offering Cent features are gradually lessening as retail traders seem to keen on taking more risks. Yet, Forex4you maintains their Cent Account offering, not only in one type but in two types of execution so beginners can make their own choice on spread over commission or otherwise.
All in all, Forex4you is one of the preferred choices for a forex broker if you look for flexibility in trading conditions and an advanced platform in Social Trading. Also, the remaining Cent Account offers an interesting option even for experienced traders who look for spare accounts to try out new strategies. Nevertheless, it is not highly recommended for trading with big money as the company is registered in an offshore jurisdiction. Forex4you also tends to fly under the radar as the broker rarely generates buzz in the brokerage industry.
Forex Chief is an offshore broker that offers about 35 financial assets for trading which include forex pairs, CFDs, and other derivatives. They were founded in 2018 and are relatively new to the industry.
They offer a raw spread account on a minimum deposit of $10. Through this account, you'll have access to the tightest spreads at a commission of $15 per lot. The commission is pretty high compared to other brokers. They aren't regulated by any top-tier broker which is why the high commissions don't even make sense.
Some of the low deposit raw spread account offerings you find out there could be a marketing trick to lure you in. Therefore, it is important to understand the background and reputation before deciding which broker to choose, especially if you are a beginner. For more information, see the comparison table between some of the brokers above:
|Feature||Go to IC Markets||Go to RoboForex||Go to LiteFinance|
rated by 22604 users
rated by 184 users
rated by 95 users
|Office(s)||Australia, Hong Kong and Viet Nam||Belize||Bulgaria, India, Indonesia, Malaysia, Pakistan, Poland, Russian Federation and Thailand|
|Regulation|| ASIC ACN 123 289 109 |
Securities Commission of The Bahamas, SIA-F214
The Financial Commission, 25.11.2021
| IFSC (Belize) 000138/333 |
The Financial Commission, 14.01.2014
| CySEC 093/08 (only LiteForex (Europe) Limited www.liteforex.eu) |
|Minimum Position||0.01 lot||0.01 lot||0.01 lot|
|Payment||Bitcoin, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer||AdvCash, AstroPay, Boleto Bancário, Credit/debit cards, Local bank transfer, Neteller, Perfect Money, Skrill, UnionPay and Western Union||AdvCash, AliPay, Bitcoin, Bitcoin Cash, Credit/debit cards, Ethereum, Litecoin, Monero, Neteller, Perfect Money, QIWI, Ripple, Skrill, Wallet One, WebMoney, Wire transfer and YooMoney|
|Official Website||Visit IC Markets||Visit RoboForex||Visit LiteFinance|
|Forex Demo Account|
|US traders are welcome|
|Requires sending documents via postal mail|
|Overnight interest rates (swaps)|
|Trading by telephone|
|Interest rate on funds|
Trading Platforms and Complements
|Trading via API|
|One-Cancels-Other (OCO) orders|
|Gold & silver|
|Website Languages||Chinese, English, Japanese, Russian||Arabic, Chinese, Croatian, Czech, English, Estonian, German, Hungarian, Indonesian, Italian, Latvian/Lettish, Malay, Polish, Portuguese, Russian, Spanish, Thai, Ukrainian, Vietnamese||Arabic, Chinese, English, French, German, Greek, Indonesian, Italian, Malay, Polish, Portuguese, Russian, Spanish, Thai|
|Traders Reviews|| |
Wilford FaustJun 24 2022
Can I trade cryptocurrency in the IC Markets using the same leverage as any other assets there? For example, I know that IC Markets offers 1:500 leverage for most of their instruments (ex: forex pairs). So, I wonder if I can get the same amount for cryptocurrency trading as well? Or will there be a different amount of leverage I can get?
Issac SturgillJun 24 2022
Does the ZuluTrade trading platform still available in IC Markets automatic trading features? I had my eyes on it for a while but at the time I wasn't sure to check it out. As you can see, automatic trading can have a bad reputation among some traders. But, lately, there are a lot of my friends starting to use it. Then I remember that IC Markets offered these features, so I was thinking to try it.
Wilfred NelsonNov 30 -0001
I don't understand, earlier this week I got a margin call. I was trading gold and I am pretty sure I was in a profitable position. When I realize I got a margin call I was so surprised. So I checked what was going on and I realize that the price is not the standard price as other brokers. Why is the price not the same as another broker's? Also, I did place a pending order and a stop-loss order but it did not trigger. Was it my fault? I am pretty sure I placed it, I always did every time I open a position.
Leonard MaldonadoDec 4 2021
I think they are a really good broker. So far I think they have one of the best spreads in the markets. All deposits and withdrawals also go very smoothly here, so I never actually have any problems. There are several things I'd like to ask tho.
1. Why does the commission fees so high?
2. Will there be any trading contest? Because if there is, I would like to know how and when to apply
3. What is the maximum amount to withdraw?
AlexanderJan 6 2022
Invest with a well-known company where you will have access to create and fund your account yourself, have full access to be monitoring your trading, how your profit goes, and at the end of every successful trading, you can place your withdrawal requests to your bank account or bitcoin wallet with no stress.
AB321Jan 2 2022
I have tried alot but website is not working please make sure don't they have make any scam?? I am worry
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