Looking for the best raw spreads brokers to level up your trading in 2024? You’re in the right place! At Asia Forex Mentor, we know that choosing the right broker can make all the difference in your trading journey. That’s why we’ve put together a list of the top 5 raw spreads brokers for 2024 to help you find the perfect match for your trading needs.
Raw spreads give you the tightest spreads possible, with no hidden markups—just direct market pricing, which means lower costs and more profits in your pocket! Whether you’re an experienced trader or just getting started, having a broker with raw spreads can help you keep your trading costs low and your potential for profit high.
What Are Raw Spreads and Why Are They Important?
So, what exactly are raw spreads in trading, and why should you care? Simply put, raw spreads are the actual difference between the buying and selling price of an asset, without any extra markup added by the broker. Think of it like buying a product at its wholesale price rather than the retail price — you’re getting the best deal available!
Now, you might be wondering, how do raw spreads differ from standard spreads? Well, with standard spreads, brokers add a little extra to the spread as their fee, so you end up paying slightly more. With raw spreads, you pay a commission instead, but you usually get a much tighter spread — which means lower costs for you overall!
Why does this matter? Choosing a broker with raw spreads can save you money, especially if you’re an active trader who makes a lot of trades. Lower trading costs mean more money stays in your pocket, which can make a big difference over time!
Who benefits the most from raw spreads? Raw spreads are great for traders who need to keep costs low, like scalpers who make lots of quick trades or day traders who are in and out of the market frequently. If you’re serious about getting the best prices and maximizing your profits, raw spreads could be a game-changer for you.
Criteria for Selecting the Best Raw Spreads Brokers in 2024
When choosing the best forex brokers for raw spreads in 2024, there are a few key factors to keep in mind to ensure you’re getting the most out of your trading experience.
- Regulation and trustworthiness: Ensure the forex broker is regulated by reputable authorities like the FCA or ASIC. This provides a level of security and trustworthiness essential for safe trading.
- Lowest spread forex brokers: Look for brokers that offer zero spread accounts or zero spread trading accounts with spreads starting from 0.0 pips. These brokers usually provide the best conditions for traders aiming to minimize costs.
- Trading costs and commissions: Even with zero spread forex brokers, there may be commission fees. Compare the fees across different brokers to find the ones with the lowest overall costs.
- Trading platforms and tools offered: Choose a broker with user-friendly platforms, such as MetaTrader 4 or 5, which support efficient forex trading. Make sure the platform includes tools that match your trading style.
- Execution speed and slippage: Fast trade execution is crucial, especially with zero spread accounts, where even small price changes can impact your profits. Look for brokers known for high-speed execution with minimal slippage.
- Customer service and support: Strong customer support is essential for any issues or questions that arise. Prioritize brokers with multiple support channels, like live chat and phone support, to ensure you have help when you need it.
Why do these factors matter? They all play a part in your overall trading experience. A regulated broker ensures your funds are secure, low trading costs help you keep more of your profits, fast execution minimizes missed opportunities, great platforms and tools help you trade efficiently, and solid customer support gives you peace of mind.
The 5 Best Raw Spreads Brokers in 2024
#1. RoboForex
What is RoboForex?
RoboForex is a popular online trading platform that has earned a reputation for being a great choice for traders seeking raw spreads. It offers tight spreads starting from 0 pips on major currency pairs, allowing traders to access real market conditions without hidden markups. RoboForex provides several account types, including ECN accounts, that cater specifically to traders who prefer raw spread pricing, ensuring more transparent and cost-effective trading. With its competitive trading conditions, fast execution speeds, and a variety of platforms to choose from, RoboForex is an excellent option for traders looking to minimize costs and maximize their trading potential.
Advantages and Disadvantages of RoboForex
Advantages
DisadvantageRoboForex Commissions and Fees
When it comes to commissions and fees, RoboForex is known for its low-cost trading environment. For ECN accounts, RoboForex charges a commission of $20 per $1 million traded, which is relatively low compared to many other brokers. There are no hidden fees, and the broker offers transparent pricing, so you always know what you’re paying for. Additionally, RoboForex often runs promotions and cashback programs that can further reduce overall trading costs, making it a highly attractive option for cost-conscious traders.
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#2. Exness
What is Exness?
Exness is a well-regarded online trading broker known for offering raw spreads that are ideal for traders looking for the best pricing conditions. With spreads starting from 0.0 pips on key trading pairs and multiple account types, Exness provides a transparent, cost-efficient trading experience. The broker features advanced trading platforms like MetaTrader 4 and 5, coupled with high-speed execution, ensuring that traders can access real market prices with minimal slippage. Exness is also highly regulated, adding an extra layer of trust, making it a solid choice for those seeking a broker that combines raw spreads with reliability and flexibility.
Advantages and Disadvantages of Exness
Exness Commissions and Fees
Exness offers competitive pricing, particularly on its Raw Spread and Zero accounts. The Raw Spread account typically charges a commission starting from $3.50 per lot, per side, which is one of the lowest in the market. Meanwhile, the Zero account offers a commission that can start as low as $0.2 per lot, per side on select instruments, providing traders with a highly cost-effective solution. This clear and straightforward fee structure, combined with low commissions, makes Exness an attractive option for traders looking to minimize costs while accessing real market conditions.
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#3. Admirals
What is Admirals?
Admirals (formerly known as Admiral Markets) is a globally recognized broker that stands out as an excellent choice for traders seeking raw spreads. With its Raw Spread account, Admirals offers access to spreads starting from 0.0 pips on popular trading pairs, providing direct market pricing and a transparent trading environment. The broker is well-regulated by multiple authorities, including the FCA, ASIC, and CySEC, ensuring a high level of security and reliability. Admirals also offers advanced trading platforms like MetaTrader 4 and 5, and a wide range of tools and educational resources, making it an ideal choice for both new and experienced traders who prioritize low-cost trading with raw spreads.
Advantages and Disadvantages of Admirals
Admirals Commissions and Fees
Admirals maintains a competitive edge by offering a low commission structure on its Raw Spread account, with fees starting from $1.8 per lot, per side. This makes it one of the more affordable options for traders who need a cost-efficient trading solution. Additionally, Admirals is transparent about its pricing, with no hidden charges, and offers free access to various educational tools and market analysis, helping traders to further optimize their strategies while keeping costs low.
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#4. Tickmill
What is Tickmill?
Tickmill is a well-respected broker known for its commitment to providing raw spreads that appeal to traders looking for tight, cost-effective pricing. With its Pro and VIP accounts, Tickmill offers spreads starting from 0.0 pips on major currency pairs, giving traders access to some of the most competitive spreads in the market. The broker is regulated by top-tier authorities such as the FCA, CySEC, and FSCA, ensuring a safe and secure trading environment. Additionally, Tickmill is known for its fast execution speeds and excellent customer service, making it a great choice for traders who prioritize low costs and reliability.
Advantages and Disadvantages of Tickmill
Tickmill Commissions and Fees
When it comes to commissions and fees, Tickmill provides a transparent and low-cost trading environment. For its Pro account, Tickmill charges a commission of $2 per side, per lot, making it one of the lowest in the industry. The VIP account offers even more competitive rates with a commission of $1 per side, per lot, ideal for high-volume traders. With no hidden fees and clear pricing, Tickmill allows traders to benefit from low trading costs while accessing high-quality market execution, making it an attractive choice for cost-conscious traders.
OPEN AN ACCOUNT NOW WITH TICKMILL AND GET YOUR WELCOME BONUS
#5. Pepperstone
What is Pepperstone?
Pepperstone is a leading online forex and CFD broker recognized for its raw spreads offering, making it an excellent choice for traders who want to minimize costs. With its Razor account, Pepperstone provides spreads starting from 0.0 pips on major currency pairs, which means traders benefit from direct market pricing with no additional markups. The broker is highly regulated by reputable authorities such as the FCA, ASIC, and CySEC, ensuring a secure and transparent trading environment. Coupled with advanced trading platforms like MetaTrader 4, MetaTrader 5, and cTrader, and a reputation for fast execution speeds, Pepperstone is a top pick for traders who prioritize low spreads and high performance.
Advantages and Disadvantages of Pepperstone
Pepperstone Commissions and Fees
Pepperstone maintains a highly competitive pricing model, especially with its Razor account. The account charges a commission of $3.50 per side, per standard lot on MetaTrader platforms, which is relatively low compared to other brokers. On the cTrader platform, the commission is even lower, at $3 per side, per standard lot. This straightforward and cost-effective fee structure, combined with ultra-tight spreads, makes Pepperstone an attractive option for traders looking for low-cost, high-quality trading conditions.
OPEN AN ACCOUNT NOW WITH PEPPERSTONE AND GET YOUR WELCOME BONUS
How to Choose the Right Raw Spreads Broker for You in 2024
Picking the best raw spreads broker can feel like a big decision, but breaking it down into a few simple steps can help.
- Assess your trading goals and style: Start by assessing your trading goals and style. Are you a day trader looking for quick profits, or do you prefer longer-term investments? Your trading style will guide what features are most important in a broker.
- Understand your risk tolerance and budget: Next, think about your risk tolerance and budget. How much are you willing to risk, and what can you afford to lose? Knowing this will help you find a broker that offers the right leverage and account types for you.
- Match broker features to your specific needs: Make sure the broker’s features match your specific needs—look for things like platform usability, customer support, and any special tools they offer.
- Test with demo accounts: Don’t forget the importance of testing with demo accounts. A demo account lets you try out the broker’s platform and see if it suits you without risking any real money.
Tips for Trading Successfully with Raw Spreads Brokers
To make the most of trading with a raw spreads broker, it’s important to follow some best practices.
- Monitor market conditions closely, as they can affect the size of the spreads.
- Use tools like stop-loss orders and set limits on how much you’re willing to lose on a trade.
- Take advantage of any available tools, guides, or webinars to help you make smarter trading decisions.
- Stay updated on market changes and always look for ways to improve your strategies over time.
Conclusion
Choosing the right raw spreads broker is crucial for your trading success in 2024. Whether you’re a beginner or a seasoned trader, understanding the benefits of raw spreads, knowing what to look for in a broker, and making an informed decision will help you save on costs and maximize your profits. Explore our top picks, compare their features, and choose the broker that best aligns with your trading goals. Ready to make your choice? Start trading with the best raw spreads broker today!
Also Read: The 5 Best Spread Betting Brokers in 2024: Is AvaTrade the Best Spread Betting Broker?
