ECN-style forex brokers that sell tight raw spreads plus a per-lot commission to active and algorithmic traders.
Razor pricing pairs raw spreads with $3.50 per lot per side. We priced a round trip on EUR/USD and gold, checked the regulators, and looked at where the low-cost pitch runs out.
Best for Active EUR/USD and gold traders who value low all-in cost
Fusion Markets charges $2.25 per side per lot with no minimum deposit and no withdrawal fees. We worked out the round-trip maths against IC Markets and Pepperstone and checked who regulates it.
Best for Cost-focused scalpers and day traders outside Australia who already use MT4, MT5 or cTrader
FP Markets charges $3 a side on its Raw account and offers MetaTrader, cTrader and Iress from a low deposit. We compare its cost and platform spread with the big raw brokers, and flag the regulatory split that matters.
Best for Traders who want raw spreads and a choice of MetaTrader, cTrader or Iress
ThinkMarkets sells three accounts: Standard, ThinkTrader from $10, and ThinkZero at $3.50 a side. We checked the pricing pages, the regulator list and independent spread tests to see when ThinkTrader is worth the detour.
Best for Manual forex traders who want raw spreads plus a proprietary app and tier-one licences
Tickmill's Raw account promises spreads from 0.0 pips, $3 a lot per side and FCA and CySEC oversight, all from $100. We checked the account page, the licences and independent cost tests to find the catch.
Best for Cost-conscious forex traders who want FCA or CySEC regulation and MT4, MT5 or TradingView
Vantage's Raw ECN account starts at $50 and tests at about 0.72 pips all-in on EUR/USD, yet the broker operates through several regulated entities. We compared the costs and checked what each licence means for you.
Best for Cost-aware forex traders under a UK or Australian licence who want MT4, MT5 or TradingView
Axi's Pro account quotes EUR/USD from 0 pips with a $4.50 round-turn commission, and Axi Select promises up to $1 million of funding with no challenge fee. We read the rules to find where that ladder gets steep.
Best for Patient swing traders who want a raw account with a free funded-trader ladder
