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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 are a lot of raw spread brokers nowadays, and some of them use cTrader to ensure their raw spread offering better. Including:
- IC Markets: Offers a competitive spread starting from 0 pips on the cTrader platform.
- Pepperstone: Offering spread as low as 0 pips for the cTrader platform.
- Roboforex: Their cTrader comes with a floating spread starting from 0 pips.
- Axiory: Average spread of 0.00003 on Nano account.
- FP Markets: Tight spreads from 0.0 pips on Raw spread account.
Each of the brokers above has different conditions regarding their cTrader spreads. Here are brief explanations of each of those cTrader brokers.
1. IC Markets
IC Markets is one of the best raw spread brokers. In fact, they are the pioneer who popularized the "raw spread" term. Their cTrader 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 price providers, to make sure clients will get the best price available, and to keep the spread tight even during high volatility. Some deposit methods for this broker including WebMoney, FasaPay, and Qiwi.
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 your market price. You can also hedge positions as there are no first in first out rules.
Another reason why you should consider this ASIC-regulated broker is their market depth which 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' accounts. IC Markets gives 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.
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 the Razor account with spreads as low as 0 pips and is available in cTrader. Their trading commission fee is quite competitive, starting from $0.02 per round turn.
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 social trading platforms such as Myfxbook and DupliTrade to help you access strategies from the world's best traders.
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.
3. RoboForex
RoboForex is a raw spread broker and a seasoned player in the forex market, as the company was established in 2009. They also offer ECN account marketed to the professional who wishes to trade with the best trading condition available.
This account is available on cTrader and 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 also available for mobile traders, especially on Android and iOS.
Using cTrader with RoboForex means you can access 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 access 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.
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, Social Platform, and its proprietary platform.
Trading instruments range from Currencies to Metals, Indices, Energies, Stocks, and ETFs. 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, and tight spreads.
RoboForex also accepts payment through a surprising online gateway besides wire transfer and credit card. The alternative methods are Skrill, Neteller, UnionPay, Perfect Money, 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. Axiory
The Axiory Nano account offered by Axiory is designed for traders who prefer smaller initial deposits. With a minimum deposit requirement of only 10 USD, it provides access to the cTrader platform, known for its advanced features and user-friendly interface.
The account offers tight spreads, with an average spread of 0.00003 for the EUR/USD currency pair, and charges a fixed commission of 6 USD per lot traded. This makes it an attractive choice for traders seeking a low-cost entry point into the financial markets while benefiting from competitive pricing and efficient trading tools.
5. FP Markets
The FP Markets Raw Spread account available on cTrader is a popular choice for traders seeking competitive conditions. With a minimum balance of 50 USD, EUR, and GBP, it offers access to 70+ instruments, including FX pairs, metals, indices, commodities, cryptocurrencies, and shares.
It boasts tight spreads from 0.0 pips, a maximum leverage of 1:30, and charges a transparent commission of USD $3 per side per lot traded. This account provides traders a diverse range of assets, tight spreads, and competitive commissions, making it an attractive option for accessing financial markets with a trusted broker.
Keeping positions open overnight won't result in the overnight/rollover fee reducing your earnings, so you don't have to worry about it. FP Markets offers the most competitive swap rates in the industry by introducing Swaps Points in the form of a live swap rates list on the MT4 and MT5 platforms. Here are some examples:
- ACWI: -5.00 for long positions and -2.50 for short positions.
- ADAUSD: -20.00 for long positions and -20.00 for short positions.
- AGG: -5.00 for long positions and -2.50 for short positions.
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 from, 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 quote. 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 you should consider cTrader is that this platform integrated itself with many liquidity aggregators to ensure 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 and 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.
For more cTrader brokers with different specifications, see 5 Brokers with Lowest cTrader Deposits.
15 Comments
NotYourUsuall-Trader
Dec 1 2021
I love cTrader, I have been using them for a while. It's great that there are a lot of brokers with raw spread for this platform nowadays.
Lionell
Feb 22 2023
NotYourUsuall-Trader: Hey, may I ask how good cTrader is? I don't know any trading platform other than his Metatrader. I also heard that Metatrader was banned or removed on iOS phones due to the embargo on Russian products, affected by the war between Ukraine and Russia. I don't even know that Metatrader is made in Russia, but now I'm afraid Playstore like Android will ban his Metatrader too.
So I started looking for other trading platforms. I also suggested trading with a broker that has its own trading platform, but I really doubt it because of the limited trading tools and a lot of indicator tools that aren't available there either. thank you very much!
Rendy
Feb 22 2023
Lionell: I don't know what other traders have to say about cTrader, but cTrader clearly had more advanced trading tools than Metatrader. What I love most about cTrader is that the platform is interbank connected by default. All data feeds and slippage are displayed in real time according to global market data. Additionally, cTrader has a Depth of Market feature that allows users to get different spreads depending on the amount of lots traded. This highly accurate trade is preferred by scalpers and traders with large trade sizes. Also, the interface used by cTrader can be switched from light mode to dark mode and vice versa, depending on the user's preference. It also dynamically arranges layout options to make the user feel comfortable while using this platform for a long period of time.
HugesG
Dec 3 2021
I am a MetaTrader fan, but I have been thinking of trying cTrader these days. Maybe I should try one of these raw accounts.
Tristan
Feb 22 2023
HugesG: I think you can stick with MetaTrader as the difference that can occur between MetaTrader and cTrader is the commission fees. Some brokers may charge higher fees for his Metatrader Raw account than for cTrader account. However, since the difference is only $1, I don't think it matters much to affect trading, but I don't really like cTrader because it offers so many tools that it's hard to learn. But if you want a more advanced trading platform, cTrader is your best bet.
So, if you want to simplify your trading with a simple trading platform, choose his Metatrader instead of cTrader. Whether you agree or not, that's my opinion. thank you very much!
tradecheesem3
Dec 7 2021
Is better to use a raw account? Or should I stick with the low spread?
Andy
Feb 22 2023
tradecheesem3: It depends on your trading volume I guess.Of course, if you want to trade like scalping with a lot of open entries, the smaller the spread the better. I also recommend choosing a RAW account over a low spread account as RAW spreads can be very low.
However, if you want to trade with lower commissions, enter with higher lots when you start trading. Example 0.5 lots; it is recommended to use low spreads. We also highly recommend using a standard account as higher spreads mean lower commissions.
Also, you need to check the commission on your RAW account. Prices are typically high due to round turn based pricing. On the other hand, low spread commissions are charged as normal commissions
chocomint04
Dec 10 2021
I think that raw account is better since it means no mark-up, right? But, you might be subjected to commission fee, so there is that.
Theo
Feb 22 2023
chocomint04: Regarding the markup price a broker can have, I do not agree that the raw spread is not the markup price. I don't know if it's true but I've heard that ECN and STP brokers can offer RAW accounts You may. Some raw accounts offered by ECN Brokers may not have a markup spread price, while raw accounts offered by SPT Brokers may have a lower markup price than low spread accounts.
Whether it's an ECN or STP Brokers RAW account, the commissions are actually higher than other accounts. I don't know why, but at least the spread is very good for scalpers.
pathsofglory
Dec 13 2021
I think whichever account you pick, the question is always whether it fits your trading style or not. I'm a scalper so a standard account never works in my favor.
lina1111
Mar 23 2023
I heard different trading platforms will have different raw spreads. I don't know if this is true, but if so, which trading platform will offer better raw spreads?
And I also don't know cTrader, I mean it's okay, according to the article, it offers very good DoM which can support ECN accounts very well. But believe it or not, I think MetaTrade still has a lot of people using the standard account or the Raw Spread account. But for the speculators, many will choose cTrader over MetaTrader. Ok, what makes cTrader able to support DoM so much in its system?
Stone
Mar 23 2023
First of all, you are right! Different trading platforms can offer different raw spreads, which is like the difference in prices you see when shopping for the same product in different stores. Some factors can affect the raw spreads, such as how many people are buying and selling, fees, and where the platform gets its prices.
When it comes to cTrader and MetaTrader, they both have their pros and cons. As the article said, cTrader is known for its cool feature called DoM, which helps traders see the best prices available in real-time. This feature is perfect for those who want to make fast trades and get the best price. It's because cTrader connects traders directly to the people who are selling and buying, which means they can get a good deal.
On the other hand, MetaTrader has two types of accounts: standard and raw spread. These accounts rely on market makers to provide liquidity, which can mean slightly higher prices and slower execution speeds. However, MetaTrader also has an ECN account that works like cTrader's model, which can provide better pricing and faster execution.
Aida
Mar 23 2023
So, if you are looking for a platform that can deliver the best DoM, you can choose cTrader because it provides more transparency of the market and its system is very supportive of scalpers. Moreover, the trading platform is integrated with many liquidity providers, resulting in tighter spreads and a guarantee of no requotes. Due to these features, cTrader is considered more advanced than other platforms, such as MetaTrader. Therefore, if you want to use the scalping method with one of the brokers listed in the article, I suggest choosing cTrader over other trading platforms
Brooklyn
Mar 23 2023
Since cTrader provides a very good DoM feature and it's one of its main features, and the article mentions it is good for scalping due to its ability to offer tight spreads with no requotes. Additionally, DoM can only be found at ECN brokers, right? This combination of ECN and scalping can be very unfriendly to beginners, which makes me doubt whether to use cTrader despite its many advanced features. Would it be worth using cTrader as a beginner trading platform other than TradingView and MetaTrader? And is it suitable for standard trading?
David
Mar 23 2023
It should be noted that while both platforms offer ECN trading, cTrader is generally preferred by traders due to its enhanced depth of market (DoM) functionality, fast execution speed, and pricing model. transparent prices. These features can be especially useful for scalping and high frequency trading strategies. However, it is important to remember that cTrader and MetaTrader both have their own strengths and weaknesses and the best platform for you will depend on your individual trading needs and preferences.
Regarding your statement about cTrader and its relevance to beginners, it is true that cTrader may not be the most beginner-friendly platform due to its focus on ECN and scaling. However, if you want to use its advanced features, such as DoM, then it might be worth exploring as a beginner. It should also be noted that cTrader offers a demo account, which can be a great way for beginners to practice trading on the platform without risking real money. Ultimately, whether cTrader is suitable for standard trading will depend on your personal needs and preferences, so you should try the platform out to see if it's right for you.