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Best ECN Raw Spread Forex Brokers 2026
Last updated October 9, 2026
Compare top brokers offering true ECN execution with raw institutional spreads — from 0.0 pips + commission.
How We Ranked
Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.
Regulated brokersLow spreadsFast withdrawals
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Personalized broker matching
Need a faster shortlist than reading every broker page?
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for ECN Raw Spread
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best for ECN Raw Spread
Vantage
Min. deposit $50
- Raw ECN spreads from 0.0 pips
- ASIC and FCA regulated
- ProTrader with TradingView built in
ASIC (Australia), FCA (UK), CIMA (Cayman)
#2 · Best alternative
VT Markets
Min. deposit $50
- 100% deposit bonus on first deposit (minimum deposit $50)
- Raw ECN account with 0.0 pip spread potential
- MT4 and MT5 available across desktop and mobile
ASIC (Australia), FSCA (South Africa), FSC (Mauritius)
Why these two
Both brokers are shortlisted specifically for ECN Raw Spread, are regulated, and accept clients for this use case — we gate on regulation and safety first, then rotate the headline across the brokers that genuinely qualify so the same two names don't lead every page. Everything below is the fuller comparison.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.
What are the best ECN Raw Spread Forex Brokers?
Vantage ranks #1 among 26 brokers tested for Best ECN Raw Spread Forex Brokers. Rankings are based on spread data, regulation tier, and platform testing published in our methodology.
Top ECN Raw Spread Brokers
ECN raw spread accounts connect you directly to interbank liquidity providers — spreads from 0.0 pips on major pairs with a transparent per-lot commission. Our current ranking starts with Vantage where it is available, followed by VT Markets, RoboForex, and FP Markets. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.
Cost-Focused Offers
Browse All PromotionsVerified rebates and cost-focused offers
For low-spread and ECN-style pages, we prioritize cashback, rebate, and commission-offset style promotions over louder bonus messaging.
Cashback / Rebate
HFM
FCA (UK)100% Supercharged Bonus + Daily Rebates
100% SuperCharged bonus credit plus daily rebates on qualifying Forex and Gold volume.
Verified Sep 15, 2026
Vantage
ASIC (Australia)50% + 10% Deposit Bonus
50% first-deposit credit up to $500 plus 10% on subsequent deposits. Total cap $30,000.
Verified Oct 8, 2026
Quick Rankings
Get your personalized toplist:
FIND MY BROKER| Broker | Withdrawal | Regulation & funding | Action | ||
|---|---|---|---|---|---|
| From 0.0 pips | — | 1-2 business days | No tier-1 licence listed | ||
| From 0.0 pips | — | 1-2 business days | No tier-1 licence listed | ||
| From 0.0 pips | — | Instant for most electronic methods | No tier-1 licence listed | ||
| From 0.0 pips | — | Same day to 1 business day | No tier-1 licence listed | ||
 | 0.0 pips (ECN) | $50 | 1-2 business days | FCA (UK)ASIC (Australia)FSCA (South Africa) | |
| From 0.0 pips | — | 24 hours | No tier-1 licence listed | ||
 | 1.3 pips (Standard) | $50 | 1-2 business days | FCA (UK)ASIC (Australia)CySEC (Cyprus) | |
 | 1.3 pips (Standard) | 0.0 pips + commission (Prime/ECN) | $20 | 1-3 business days | FSCA (South Africa)FSC (Mauritius)FSA (Seychelles) | |
 | 0.0 pips (ECN Prime) | $0 | 1 business day | FMA (New Zealand)FSA (Seychelles) | |
 | 0.0 pips (Raw ECN) | 1.2 pips (Standard) | $10 | 1-2 business days | FCA (UK)FSC (Mauritius) | |
| From 0.0 pips | — | 24-48 hours | No tier-1 licence listed | ||
 | 0.0 pips (ECN) | 1.5 pips (Standard) | $10 | 24 hours | FCA (UK)CySEC (Cyprus)FSCA (South Africa) | |
| From 0.0 pips | — | 1 business day | No tier-1 licence listed | ||
 | 0.0 pips (Pro) | $0 | 1-2 business days | ASIC (Australia)FCA (UK)FMA (New Zealand) | |
| From 0.0 pips | — | 1-2 business days | No tier-1 licence listed | ||
| From 0.0 pips | — | 1 business day | No tier-1 licence listed | ||
 | 0.0 pips (Zero) | $0 | Same day | ASIC (Australia)VFSC (Vanuatu) | |
 | 0.0 pips (Raw) | $0 | Same day | ASIC (Australia)VFSC (Vanuatu) | |
| From 0.0 pips | — | 1-2 business days | No tier-1 licence listed | ||
| From 0.0 pips | — | 1-2 business days | No tier-1 licence listed | ||
 | 0.8 pips (Standard) | $0 | Usually same day (free for >$50) | FCA (UK)KNF (Poland)CySEC (Cyprus) | |
 | 0.0 pips (ThinkZero) | $0 | 1-2 business days | ASIC (Australia)FCA (UK)FSCA (South Africa) | |
 | 1.5 pips (Standard) | 0.0 pips + $3/lot (ECN) | $50 | 24 hours | SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia) | |
 | 0.2 pips (Raw) | $100 | 1-2 business days | FCA (UK)CySEC (Cyprus)CIMA (Cayman Islands) | |
 | 0.0 pips (GO Plus+) | 1.1 pips (Standard) | $0 | 1-2 business days | ASIC (Australia)CySEC (Cyprus)FSC (Mauritius) | |
 | 0.0 pips (Raw) | 1.0 pips (Standard) | $100 | 1-2 business days | ASIC (Australia) |
Rank 01 · best overall
Rank 02
Rank 03
Spread
From 0.0 pips
Min dep.
—
Withdrawal
Instant for most electronic methods
Rank 04
Spread
From 0.0 pips
Min dep.
—
Withdrawal
Same day to 1 business day
Rank 05
Spread
0.0 pips (ECN)
Min dep.
$50
Withdrawal
1-2 business days
FCA (UK)ASIC (Australia)FSCA (South Africa)
Visit Moneta Markets Read reviewRank 06
Rank 07
Spread
1.3 pips (Standard)
Min dep.
$50
Withdrawal
1-2 business days
FCA (UK)ASIC (Australia)CySEC (Cyprus)
Visit FXCM Read reviewRank 08
Spread
1.3 pips (Standard) | 0.0 pips + commission (Prime/ECN)
Min dep.
$20
Withdrawal
1-3 business days
FSCA (South Africa)FSC (Mauritius)FSA (Seychelles)
Visit PU Prime Read reviewRank 09
Spread
0.0 pips (ECN Prime)
Min dep.
$0
Withdrawal
1 business day
FMA (New Zealand)FSA (Seychelles)
Visit BlackBull Markets Read reviewRank 10
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard)
Min dep.
$10
Withdrawal
1-2 business days
FCA (UK)FSC (Mauritius)
Visit Hantec Markets Read reviewRank 11
Rank 12
Spread
0.0 pips (ECN) | 1.5 pips (Standard)
Min dep.
$10
Withdrawal
24 hours
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit FXTM Read reviewRank 13
Rank 14
Spread
0.0 pips (Pro)
Min dep.
$0
Withdrawal
1-2 business days
ASIC (Australia)FCA (UK)FMA (New Zealand)
Visit Axi Read reviewRank 15
Rank 16
Rank 17
Spread
0.0 pips (Zero)
Min dep.
$0
Withdrawal
Same day
ASIC (Australia)VFSC (Vanuatu)
Visit Fusion Markets Read reviewRank 18
Spread
0.0 pips (Raw)
Min dep.
$0
Withdrawal
Same day
ASIC (Australia)VFSC (Vanuatu)
Visit Global Prime Read reviewRank 19
Spread
From 0.0 pips
Min dep.
—
Withdrawal
1-2 business days
74-89% of retail investor accounts lose money when trading CFDs
Rank 20
Spread
From 0.0 pips
Min dep.
—
Withdrawal
1-2 business days
Rank 21
Spread
0.8 pips (Standard)
Min dep.
$0
Withdrawal
Usually same day (free for >$50)
FCA (UK)KNF (Poland)CySEC (Cyprus)
Visit XTB Read reviewRank 22
Spread
0.0 pips (ThinkZero)
Min dep.
$0
Withdrawal
1-2 business days
ASIC (Australia)FCA (UK)FSCA (South Africa)
Visit ThinkMarkets Read reviewRank 23
Spread
1.5 pips (Standard) | 0.0 pips + $3/lot (ECN)
Min dep.
$50
Withdrawal
24 hours
SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia)
Visit MultiBank Read reviewRank 24
Spread
0.2 pips (Raw)
Min dep.
$100
Withdrawal
1-2 business days
FCA (UK)CySEC (Cyprus)CIMA (Cayman Islands)
Visit HYCM Read reviewRank 25
Spread
0.0 pips (GO Plus+) | 1.1 pips (Standard)
Min dep.
$0
Withdrawal
1-2 business days
ASIC (Australia)CySEC (Cyprus)FSC (Mauritius)
Visit GO Markets Read reviewRank 26
Spread
0.0 pips (Raw) | 1.0 pips (Standard)
Min dep.
$100
Withdrawal
1-2 business days
ASIC (Australia)
Visit Blueberry Markets Read reviewWe earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology.Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.
Our Rating
4.5/5.0
Best ForBest for raw spread traders & australian forex enthusiasts.
Min Deposit$50
Vantage Review Summary
Vantage is a multi-regulated broker with MT4, MT5, Vantage App, TradingView access, 0.0 pips (Raw ECN) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $50
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw or ultra-low spread account available — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for traders who want free signals, 100% deposit bonus, copy trading support, and raw ecn pricing.
Min Deposit$50
VT Markets Review Summary
VT Markets is a multi-regulated broker with MT4, MT5, VT Markets App, WebTrader access, 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $50
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw or ultra-low spread account available — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for high-leverage traders, automated trading & varied account types.
Min Deposit$10
RoboForex Review Summary
RoboForex is a multi-regulated broker with MT4, MT5, cTrader, R StocksTrader access, 0.0 pips (Prime) | 1.4 pips (Pro) on EUR/USD, and $10 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $10
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw or ultra-low spread account available — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for ecn traders, scalpers & australian clients.
Min Deposit$100
FP Markets Review Summary
FP Markets is a multi-regulated broker with MT4, MT5, cTrader, IRESS access, 0.0 pips (Raw) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw or ultra-low spread account available — compare account types before opening
Our Rating
4.1/5.0
Best ForECN traders & copy-trading followers across Asia-Pacific
Min Deposit$50
Moneta Markets Review Summary
Moneta Markets is a multi-regulated broker with MT4, MT5, AppTrader, ProTrader access, 0.0 pips (ECN) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- FCA and ASIC regulated
- ECN spreads from 0.0 pips
- Native CopyTrader + DupliTrade copy trading
- Low $50 minimum deposit
Cons
- Relatively newer brand vs. legacy competitors
- Ultra ECN tier needs $20,000
Our Rating
4.5/5.0
Best ForBest for bonus hunters, high leverage users & versatile traders.
Min Deposit$0
HFM Review Summary
HFM is a multi-regulated broker with MT4, MT5, HFM App access, 1.0 pips (Premium) | 0.0 pips (Zero) on EUR/USD, and $0 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw or ultra-low spread account available — compare account types before opening
Our Rating
4.3/5.0
Best ForAlgorithmic traders & historical data enthusiasts
Min Deposit$50
FXCM Review Summary
FXCM is a multi-regulated broker with Trading Station, MT4, TradingView access, 1.3 pips (Standard) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- 25+ years in business
- No dealing desk execution
- Strong API for algo trading
- Extensive historical data
Cons
- Spreads wider than ECN competitors
- Limited product range
- No MT5 support
Our Rating
3.5/5.0
Best ForSmall-balance traders in South Africa and Latin America; 24/7 gold traders
Min Deposit$20
PU Prime Review Summary
PU Prime is a multi-regulated broker with MT4, MT5, PU WebTrader, PU Prime App access, 1.3 pips (Standard) | 0.0 pips + commission (Prime/ECN) on EUR/USD, and $20 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- $20 Cent and $50 Standard accounts
- FSCA-authorised entity for South Africa
- 24/7 gold trading (XAUUSD247)
- PU Copy Trading app
Cons
- Most international clients sign with offshore entities
- FCA, Philippine SEC, OSC and Japan FSA warnings
- Trustpilot score suspended; withdrawal complaints
Our Rating
4.3/5.0
Best ForECN traders & New Zealand-based clients
Min Deposit$0
BlackBull Markets Review Summary
BlackBull Markets is a multi-regulated broker with MT4, MT5, cTrader, TradingView, BlackBull App access, 0.0 pips (ECN Prime) on EUR/USD, and $0 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- True ECN with 0.0 pip spreads
- No minimum deposit
- cTrader and TradingView supported
- Equinix data centers for speed
Cons
- Limited Tier-1 regulation
- No proprietary web platform
- Smaller brand recognition
Our Rating
4.4/5.0
Best ForExperienced traders, institutional clients & multi-asset investors
Min Deposit$10
Hantec Markets Review Summary
Hantec Markets is a multi-regulated broker with MT4, MT5, Hantec App access, 0.0 pips (Raw ECN) | 1.2 pips (Standard) on EUR/USD, and $10 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- 35+ years of market experience (Est. 1990)
- FCA (UK) Tier-1 regulated with FSCS protection
- Raw ECN spreads from 0.0 pips
- Excellent institutional-grade execution
Cons
- Brand less well-known to retail traders
- No proprietary web trading platform
- Limited educational content compared to larger brokers
Free community platform
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- 1,513
- Signals tracked
- 78%
- Hit take-profit
- +86,455
- Pips, net
- 5.28
- Profit factor
Six signal rooms5-day free trial
VIP scalps, risk-to-reward setups, forex swings, high-frequency ATM calls, London/New York sessions and a 24/5 algo.
Accurate AIAI
Ask for a market read on any timeframe. Informational — never a trade call.
Gamified Academy
50 video lessons and 14 written courses, stage by stage from zero.
Scalper Pro indicator
A chart indicator that marks levels, entry and stops right on the price.
July–August 2026, all Accurate signal groups combined, last platform audit 19 August 2026. Self-reported by Accurate Signals (shown in the member dashboard under Track Record) and not independently audited. Pips are not account profit. Past results do not guarantee future performance.
The 5-day VIP trial is free and needs no deposit. Ongoing access is funded through our VT Markets partnership — the registration link is pinned inside the channel for when you are ready. Forex and CFD trading carries significant risk and can result in the loss of your capital. Never deposit money you cannot afford to lose. Past results do not guarantee future performance. This is general education, not financial advice.
All materials are prepared by the Introducer and VT bears no responsibility for the information and/or materials provided. All claims should be directed to the Introducer. All rights of VT and any affiliated entities trading under the "VT" trademark, brand or logo are reserved.
Sources & References
- Vantage Account Types— Vantage
- HFM Trading Accounts— HFM
- Hantec Markets Trading Accounts— Hantec Markets
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Not Financial Advice:
Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
Affiliate Disclosure:
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.
Regional Availability Notice
Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.