Options among brokers we list
- Hantec Markets Pro ECN — from 0.1 pips + commission, MT4
- Pepperstone Razor — from 0.0 pips + commission, MT4/MT5/cTrader/TradingView
- CMC Markets FX Active — 0.0 on six majors + 0.0025%, Next Generation/MT4
Comparison
| Hantec Pro ECN | Pepperstone Razor | CMC FX Active | |
|---|---|---|---|
| FCA FRN | 502635 | 684312 | 173730 |
| EUR/USD spread | From 0.1 | From 0.0 | From 0.0 |
| Commission | Per lot confirm | Per lot, by platform | 0.0025% of notional |
| Platforms | MT4 | MT4, MT5, cTrader, TradingView | Next Generation, MT4 |
| Min. deposit | $100 | None | None |
Is it worth switching from a standard account?
Rule of thumb: if you trade more than a few lots a month, run the numbers. On EUR/USD, the saving is roughly (standard spread − raw spread) × $10 − commission per lot. If that's positive, multiply by your monthly lots.
What else to check
- Execution policy and slippage handling
- Minimum trade size and commission minimums
- Whether scalping and EAs are permitted
Frequently asked questions
Is a raw-spread account the same as an ECN account?
Not exactly. 'ECN' describes an execution model; 'raw spread' describes pricing. Many brokers use the terms loosely — read the order execution policy.
Who should use a raw-spread account?
Traders who trade frequently or in larger sizes, where tighter spreads outweigh the commission.
CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading these products. You should consider whether you understand how they work and whether you can afford to take the high risk of losing your money.