Raw spread brokers can offer you the best price in the market in exchange for a commission fee. cTrader is often regarded as the right platform to facilitate it.
Ever wonder why brokers' prices are different than the market price? That's because most brokers are making money by marking up the prices of the assets through the spread. If you don't like this idea, perhaps using a broker that offers raw spread is the best. This account allows you to access the actual prices in the market without any markup from the broker. There is a lot of raw spread brokers nowadays, some of them use cTrader to better ensure their raw spread offering.
Why Choose cTrader?
Some of you might have heard about cTrader before. This platform is not a new player in the industry. Developed by the Spotware System, cTrader is a great platform is the transparent price quote transmitted by DoM (Depth of Market) within its system. There are three DoM modes to pick, VWAP DoM, Standard DoM, and Price DoM. Each gives you different market insights and precisions to small detail such as different price quotes for different volume sizes and availability of liquidity for each level or price quotes. The DoM mode in cTrader allows users to get a different spread according to the amount of traded lots. This is why cTrader is favored by scalpers and traders with big trading sizes.
All live data feed in cTrader is sent directly from the interbank, so it's unlikely to be faked. Meanwhile, within the MT4 platform, the data clarity solely depends on the broker's honesty. Another reason why you should consider cTrader is because this platform integrated itself with many liquidity aggregators to make sure there are no requotes. That way the spread is relatively guaranteed to reflect the market's actual conditions.
cTrader is also packed with helpful indicators as well as plenty of trading tools to give its users the best trading experiences. Fundamental traders can benefit from in-app news and event updates within this platform.
The Best Raw Spread Broker
Nowadays there are plenty of brokers offering raw spread accounts. Aside from providing cTrader in their platform setlist, these brokers also have tons of unique features that you can gain benefits from.
1. IC Markets
IC Markets is one of the best raw spread brokers providing cTrader and raw spread. In fact, they are the pioneer who popularized the "raw spread" term. Their raw account offers a competitive spread starting from 0 pips. The commission fee is not too expensive, starting from $3.00 per standard lot. IC Markets pricing connector aggregates up to 25 different prices providers, to make sure clients will get the best price available, and to keep the spread tight even during high volatility.
If you are looking for a broker with low to no slippage, IC Markets is also a good place to start with. They utilize the LD5 IBX Equinix Data Centre in London to ensure the lowest latency and fastest possible executions for clients.
There are no trading restrictions on IC Market's cTrader platform, which means they allow scalping and high-frequency trading globally. This includes placing stop orders as close to the market price as you like. You can also hedge positions as there are no first in first out rules as well.
Another reason why you should consider this ASIC-regulated broker is their market depth that shows the full range of executable prices directly from their price aggregator. You can also benefit from the Smart Stop Out logic in cTrader, that is designed to provide maximum protection to traders' account. IC Markets make sure to give the best possible customer service and support should you encounter any problem with your trading experience.
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.
Pepperstone is one of the largest raw spread brokers with more than 300,000 traders around the world. Their raw spread account is also known as Razor account with spread as low as 0 pips. Their trading commission fee is quite competitive, starting from $0.02 per round turn. But, for the cTrader users, the commission is adjusted to 0.0035% of the base currency that's being traded. For example, if you are trading 100,000 in GBP/USD, the commission charge will be GBP3.50 to open the contract and GBP3.50 to close it.
Another unique feature to consider is social trading. You can copy trades from popular traders using third-party services while learning how to improve your own skill. Pepperstone partnered with a range of social trading platforms such as Myfxbook and DupliTrade to help you access strategies from the world's best traders.
FXCM (Forex Capital Markets) is a brand name of a retail broker for trading on the financial market, especially the foreign exchange market. The broker was founded in 1999 and was originally headquartered in the United States. After a series of lawsuits from customers and case settlements by the US regulator (CFTC), FXCM moved from the US and became a UK-based broker, authorized and regulated by the Financial Conduct Authority (registration number 217689).
During 20 years of experience in the forex industry, there are about 2 million traders choosing Alpari as the broker to trade with. Alpari has a head office on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. The company is regulated in St.Vincent and the Grenadines (the licensed number is 20389 IBC 2012), IFSC Belize (the licensed number is IFSC/60/301/TS/18).
This broker uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools, and an easy-to-use interface. For higher volumes, the company also provides the Alpari International Direct platform which offers enhanced features for advanced investors.
The company offers an array of live trading accounts to choose from. Each one offers different opportunities and allows traders to trade in different ways. All of their accounts use USD, EUR, GBP, and NGN as the options for base currency. But, NGN accounts are only available to clients in Nigeria.
Each kind of account has a different spread. At Standard Account provides spreads from 1.2, the spread of Micro Accounts is from 1.7, and ECN Account and Pro Account have spread from 0.4. A trader can open an account in Alpari and opt to trade currencies (FX majors, FX minors, FX exotics, and FX RUB), spot metals, spot commodities, stock trading, spot indices, and crypto-currencies.
A trader can find out what the minimum spreads, pip value, swaps, and trading session times are for each instrument before start trading. If the trader is still not sure where to begin, they can found the answer in a guide provided by Alpari on their official website.
Their guide to trading is designed to break down the terminologies and answer the most frequently asked questions by traders. A trader will be trading more quickly and with more confidence in no time.
Besides, Alpari offers PAMM (Percent Allocation Management Module) which allows a trader to choose their desirable Account Manager. This allows traders to have a chance in gaining more profit without advanced knowledge of forex trading. These managers usually have a wealth of experience in the markets, with tried-and-tested strategic trading decisions.
This program also gives opportunities for well-seasoned traders to become Strategy Managers. As Strategy Managers, they can use their trading experience and earn more from profitable trades. They have privileged access to Alpari's advanced programs and all the tools they need to cultivate a massive following of investors. The investors then will help Strategy Managers to earn more through commission fees up to 40%.
Their website also provides various Forex Trading Strategies. Because to increase the chance to profit, it's important to know as much about the markets and the trading strategies behind them as possible. Alpari believes that strategies provide traders with a roadmap for trading, reducing panicked decision-making that can occur in the heat of the moment. In other words, trading in Alpari allows traders to learn about any kind of forex trading strategy.
For educational purposes, the company provides Trading Webinars, one of the variants of technology that allows users to hold seminars, talk shows, and discussions online, without having to communicate face to face.
Alpari creates a very convenient funding and withdrawal experience for each trader. A trader can transfer with any kind of methods, such as e-payment (example: FasaPay, Local Transfer, TC Payment, etc), credit cards (Visa, Mastercard, and Maestro), E-Wallet (Neteller, Skrill, VLOAD, TC Pay Wallet, WebMoney, Perfectmoney, Bitcoin), and bank transfer. If there's been no trading activity on the trader account for at least 6 months, an inactivity fee of 5 EUR/USD/GBP will be applied.
All Back office transfers are processed during standard business hours, 03:00-19:00 GMT+2 (GMT+3 during DST), Monday-Friday. If traders still feel confused, they can contact Alpari's team by any method, such as Live Chat, Telegram, or email.
RoboForex is a raw spread broker as well as a seasoned player in the forex market, as the company was established in 2009. They also offer ECN account marketed to professional who wishes to trade with the best trading condition available. This account offers a floating spread starting from 0 pips, with access to more than 36 currency pairs, metals, CFDs on US stocks, indices, and oil. This type of account is available for mobile traders as well, especially on Android and iOS.
Using cTrader with RoboForex means you gain access to 9 types of interactive charts with an opportunity to manage positions and organize your working area. Besides mobile trading, RoboForex's cTrader is also available for PC traders. Besides the ECN account, you can gain access to the Pro and demo account within cTrader in RoboForex.
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.
Tradeview is a raw spread broker that was established in 2004 and promises to provide unmatched online trading solutions to all kinds of traders and investors around the world. In order to do that, Tradeview claims there is no mark-up on their raw spread account, which means clients can get the best price with spreads starting from 0 pips. This broker is fully regulated and authorized by the CIMA.
Besides MT4 and MT5, Tradeview also offers cTrader as a trusted trading platform for their clients. You can gain access to the extensive indicator library already advertised on their website, or build your own custom indicators in C# to help you create a personal view on the market. Tradeview's cTrader is also applicable for trading on the go with their mobile versions (available for Android and iOS). It combines In-app notifications, fluid charting functionalities, trading history, and a wealth of important account information.
TopFX is a fairly new raw spread broker, but they have been providing service as a liquidity solution to over 180 forex brokers since 2010. They make sure there is no dealing desk intervention because clients' orders are executed automatically at the best available price, without human intervention. In order to facilitate smooth and fast transactions, they partnered with Equinix, the world's largest electronic trading ecosystem, ensuring optimized execution quality and minimal latency.
There are two account types that you can choose, raw accounts with spreads as low as 0.0 pips, and zero accounts with spreads starting from 0.5 pips. Both are available in cTrader and MT4. Using cTrader with TopFX grants you access to copy trading as well. The best part is you can easily control your trading and adjust the setups with a few simple clicks.
Sometimes a broker might offer a different ask and bid price compared to what the market offers. New traders might be taken aback by the price difference, and think that they are being scammed. But what actually happens is they are being charged a markup (or spread) on the price of the instrument being traded.
Meanwhile, a raw spread account enables traders to access the real market price of each instrument, giving them the best deal possible. In exchange, the broker will charge them a commission fee. Generally, this is one of the best account types for scalpers or traders who are looking for a cheaper price. To ensure the quality, brokers offering raw spread also provide cTrader as an optional platform.
Here is a side-by-side comparison to help you decide the best cTrader broker offering raw spread:
|Feature||Go to IC Markets||Go to Pepperstone||Go to RoboForex|
rated by 23094 users
rated by 1367 users
rated by 202 users
|Office(s)||Australia, Hong Kong and Viet Nam||Australia, UK, Kenya, The Bahamas, Cyprus, Dubai and Germany||Belize|
|Regulation|| ASIC ACN 123 289 109 |
Securities Commission of The Bahamas, SIA-F214
The Financial Commission, 25.11.2021
|ASIC, 414530 |
Capital Markets Authority of Kenya, 128
DFSA (Dubai), F004356
| IFSC (Belize) 000138/333 |
The Financial Commission, 14.01.2014
|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||Credit/debit cards, PayPal, UnionPay and Wire transfer||AdvCash, AstroPay, Boleto Bancário, Credit/debit cards, Local bank transfer, Neteller, Perfect Money, Skrill, UnionPay and Western Union|
|Official Website||Visit IC Markets||Visit Pepperstone||Visit RoboForex|
|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||Chinese, English, Russian||Arabic, Chinese, Croatian, Czech, English, Estonian, German, Hungarian, Indonesian, Italian, Latvian/Lettish, Malay, Polish, Portuguese, Russian, Spanish, Thai, Ukrainian, Vietnamese|
|Traders Reviews|| |
Aleida SalmonAug 8 2022
Now, I know that IC Markets is an Australian broker and I happen to understand that they offer Indices as well. I wonder if they also provide Australian indices for trading? I would be particularly interested in trading this. However, I also hope that IC Markets have a low spread for this as well. Another broker tends to have ridiculous spreads and I don't want that for sure.
Catarina ChristieAug 8 2022
Does the Islamic account have the same features as other account types (aside from the overnight fees)? For example, how much leverage can I get with the Islamic account? Also, does this account also offers low or raw spread as well? As a side note, while I am not a Muslim, is it possible for me to apply for this account? I feel like most brokers provide an Islamic account to cater to Muslims, and I am not sure if I am allowed to apply.
AlannahMay 9 2022
I've just opened a live account with this broker. Very happy so far, tight spreads and great service. I am trading a standard account.
Love Cinninati LoveMay 9 2022
I've been with Pepperstone for one year. They've had their ups and downs but currently they are the best broker I use.
HukiesJul 17 2022
So i am chosing the lot size which is dot 1 but when i place order it says insufficnet balance
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.
|Open Real Account||Open IC Markets Real Account||Open Pepperstone Real Account||Open RoboForex Real Account|