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.

cTrader brokers with raw spread

 

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.


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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.

Rating


Spread
Variable
Regulation
ASIC, ACN 123 289 109
Min Deposit
$200
Established
2007


Interest rate on funds

Free education

PAMM accounts

MAM accounts

Segregated accounts

Managed accounts

Payment

Bitcoin
BPAY
Credit/debit cards
FasaPay
Neteller
PayPal
Skrill
UnionPay
Wire transfer

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.

 

2. Pepperstone

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.

Rating


Spread
Variable
Regulation
ASIC, 414530
Min Deposit
$200
Established
2010


Free education

Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Credit/debit cards
PayPal
UnionPay
Wire transfer

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. The initial deposit starts at USD200 with a minimum lot of 0.01 (micro) and 1:500 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.

 

3. RoboForex

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.

Rating


Spread
Variable and Fixed
Regulation
IFSC (Belize), 000138/210
Min Deposit
$10
Established
2009


Interest rate on funds

Bonus offers

Trading contests

MAM accounts

Affiliate program

Islamic accounts available

Payment

AdvCash
AstroPay
Boleto Bancário
Credit/debit cards
Local bank transfer
Neteller
Perfect Money
Skrill
UnionPay
Western Union

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:

Pro-Standard

  • Minimum Deposit: $10
  • Spread: from 1.3 points
  • Minimum order volume: 0.01
  • Leverage: up to 1:2000

ECN-Pro

  • Minimum Deposit: $10
  • Spread: from 0 points
  • Minimum order volume: 0.01
  • Leverage: up to 1:300

Prime

  • Minimum Deposit: $5,000
  • Spread: from 0 points
  • Minimum order volume: 0.01
  • Leverage: up to 1:100

Pro-Cent

  • Minimum Deposit: $10
  • Spread: from 1.3 points
  • Minimum order volume: 0.1
  • Leverage: up to 1:2000

R Trader

  • 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.

 

4. Tradeview

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.

Rating


Spread
Variable
Regulation
Cayman Islands Monetary Authority, 585163
Min Deposit
$100
Established
2006


Bonus offers

Trading by telephone

MAM accounts

Segregated accounts

Managed accounts

Payment

bitwallet
Credit/debit cards
FasaPay
Neteller
Skrill
UnionPay
WebMoney
Wire transfer

 

5. TopFX

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.

 

After Thought

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.

Pair Exness IC Markets FXTM ThinkMarkets
EUR/USD 0.0 0.5 0.0 1.8
GBP/USD 0.0 0.9 0.3 3.0
USD/JPY 0.0 0.5 0.1 2.0

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 IC Markets Pepperstone RoboForex

Rating

General Rating 4.23/5
4.43/5
3.65/5
Trustpilot 4.8/5

rated by 18483 users
4.7/5

rated by 1367 users
3.2/5

rated by 136 users

General Information

Office(s) Australia, Hong Kong and Viet Nam Australia, China, Kenya, Ukraine and United States Belize
Regulation ASIC ACN 123 289 109
CySEC, 362/18
Securities Commission of The Bahamas, SIA-F214
The Financial Commission, 25.11.2021
ASIC, 414530
BaFin 151148
Capital Markets Authority of Kenya, 128
CySEC, 388/20
DFSA (Dubai), F004356
IFSC (Belize) 000138/210
Established 2007 2010 2009
Minimum Deposit $200 $200 $10
Maximum Leverage 1:500 1:500 1:2000
Spread Variable Variable Variable
Commissions $3.50 $7 $2
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

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

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
Email Support
Call Support
Chat Support

Reviews

General Review Read IC Markets Review Read Pepperstone Review Read RoboForex Review
User Reviews

cosmicpower333

Jan 18 2022

What kind of forex pair is included in the raw account? Is it only major pairs?

hakuna-matata

Jan 14 2022

How much commission fee does IC Market charge for cTrader Raw Account?

More User Review

Drew Fabrizio

Aug 20 2020

I started with Pepperstone a couple of weeks ago. For the first time, everything seems fine, but it's just that their MT4 platform is really lagging during events. Also, their commissions are relatively expensive. It's not that they're not good, but their calculation with commissions and swaps really not my type.

Harley Cadwell

Aug 20 2020

I place my withdrawal on Saturday, then on Monday, I got the money. It's a relatively fast process. Looking forward to another withdrawal this week. Not much but glad I got the profit.

More User Review

Manager RF

Jan 14 2022

Dear KingofT,

Yes, you should have a fully verified trading profile. If you have any further questions, kindly write back to us through ticket from your Members area or live chat.

Regards,
RoboForex

Manager RF

Jan 14 2022

Dear Potatomatato,

"Swap-Free" service is only available for cent and standard MetaTrader 4 - based accounts, as well as for Pro-Affiliate accounts. Instead of the swap, the owners of Swap-Free accounts are charged a fixed forex commission, which depends only on the type of currency pair and number of open lots, but not on the issuing banks’ interest rates. Swap-free account type was created especially for the clients of Muslim belief, who are not allowed to trade with swaps because of Sharia laws.

If you need more detailed answers or if you want to activate this service, please contact the Customer Support Service by the following ways:
1. Write a ticket from your Personal Account in the "Support Service" section.
2. Write to the 24/7 online Customer Support Shat.

We will be happy to help assist you.

More User Review

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