Trading Academy
Forex Glossary
Trading Guides
Blog10 Best Forex Brokers With Raw Spreads
Last updated January 20, 2026
Access institutional-grade pricing with our top selection of raw spread forex brokers. Trade with 0.0 pip spreads and transparent commissions.
Written by
Marcus Thompson
Fact Checked by
Sarah Chen
What Are Raw Spreads in Forex Trading?
Raw spreads in forex trading refer to brokers offering direct market access with no markup on the spread. Instead of adding a markup to the spread, brokers charge a separate commission for each trade. If you are asking **what are the best raw spread forex brokers for expert traders**, this means traders get the exact bid and ask prices quoted by the liquidity providers, leading to tighter spreads, often starting from 0.0 pips. This type of pricing is beneficial for traders who require precision and low-cost trading, such as scalpers and algorithmic traders. Raw Spread Forex Brokers offer the lowest spreads possible, often averaging closer to zero on major pairs than standard accounts.
Why Trust BrokerAnalysis?
We test brokers with real money. Our reviews are based on data, not payments. Learn more
Do All Brokers Offer Raw Spreads?
No, not all brokers offer raw spreads. Only certain brokers provide this pricing model (typically ECN/STP brokers). Choosing a broker specialising in raw spread accounts is essential if this is a priority for your strategy.
Quick Picks
Raw Spread Metrics
Pricing and entry requirements.
| Broker | Action | ||
|---|---|---|---|
Exness#1 Choice | 0.0 pips | $3.50/lot | Open Exness Account |
| 0.6 pips | $3.50/lot | Open XM Account | |
| 0.0 pips | $3.50/lot | Open Axi Account | |
| 0.0 pips | $3.00/lot | Open Vantage Markets Account | |
| 0.0 pips | $3.00/lot | Open BlackBull Markets Account | |
| 0.0 pips | $20/mil | Open RoboForex Account | |
| 0.0 pips | $2.00/lot | Open FXTM Account | |
| 0.9 pips | None | Open AvaTrade Account | |
| 0.0 pips | $3.00/lot | Open HFM Account | |
| 0.1 pips | $4.00/lot | Open HYCM Account |
Not sure which broker is right for you?
Answer a few quick questions and get a personalised broker recommendation based on your trading style and location.
Detailed Broker Analysis
Exceptional Raw Spreads
BlackBull Markets is a standout broker known for its exceptional trading conditions. Our tests revealed raw spreads starting from 0.0 pips, making it a winner for low-cost trading. They offer MT4, MT5, and BlackBull Trade.
Pros
- FMA Tier-1 regulation (New Zealand)
- 26,000+ instruments via BlackBull Shares
- Excellent ECN execution (<75ms latency)
- Direct TradingView integration
Cons
- $5 flat withdrawal fee on all methods
- ECN Institutional requires $20,000 minimum
- Limited cryptocurrency selection
- No FSCS or ICF investor compensation
Pro-Level ECN Conditions
Vantage Markets provides professional-grade ECN conditions with spreads from 0.0 pips. Known for high transparency and speed, it is a top choice for serious traders.
Pros
- Strong ASIC & FCA regulation
- Competitive Raw ECN pricing
- Excellent social trading options
- Free VPS for active traders
Cons
- High minimum deposit for Pro account
- Limited crypto selection
Innovative Trading Tools
RoboForex distinguishes itself with a wide range of account options. We found their raw spreads starting from 0.0 pips attractive. The broker features unique tools like CopyFX and R StocksTrader.
Pros
- Low $10 minimum deposit
- High leverage up to 1:2000
- Excellent CopyFX copy trading
- Powerful R StocksTrader platform
Cons
- Offshore regulation (FSC Belize - Tier-3)
- Not available in USA/EU/UK/Australia
- Mixed customer reviews on withdrawals
Raw Spread 0.0
Exness offers raw spreads from 0.0 pips with a low fixed commission. Their stable spreads are ideal for raw pricing strategies and automated trading.
Pros
- Industry-leading withdrawal speed (instant/seconds)
- Exceptional transparency with public financial reports
- Massive liquidity - $4.5+ trillion monthly volume
- No inactivity, deposit, or withdrawal fees
Cons
- Not available to EU retail clients, US, UK, Canada, Australia
- Retail clients routed to offshore entities for leverage
- Customer support can be busy during peak times
- Limited stock CFD selection compared to competitors
Zero Spread Account
HFM's Zero Spread account offers super-tight raw spreads from 0.0 pips on major pairs with competitive commissions. It's a great entry point for raw spread trading.
Pros
- Strong multi-regulator oversight (FCA, CySEC, FSCA)
- Excellent account variety for all trader levels
- Outstanding local payment methods (Africa/Asia)
- Low minimum deposit ($0-$5 on most accounts)
Cons
- US clients not accepted
- Inactivity fee after 6 months ($5/month)
- Leverage caps apply in EU/UK jurisdictions
- Some features limited by regulatory entity
Frequently Asked Questions About 10 Forex Brokers With Raw Spreads
Our #1 pick is Exness
Start with the broker we rank highest for safety, pricing, and overall trading experience.
Sources & References
- Exness Accounts— Exness
- XM Account Types— XM
- Vantage Account Types— Vantage
Top 10 Forex Brokers With Raw Spreads
Get your personalized toplist:
FIND MY BROKERReady to start trading with Exness?
Join thousands of traders worldwide. Open your account today and experience their premium trading conditions.
Related Broker Categories
View All CategoriesInformation on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers →
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology.
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 country acceptance status. Please verify availability with the broker directly before proceeding.
Rankings based on verified data and hands-on testing. See our methodology →
January 2026