traderpublic Ratings · Raw-spread brokers
Brokers with raw-spread accounts
A raw-spread account strips the broker's markup out of the quote and charges a commission instead, so "from 0.0 pips" is only half a price. The comparable number is the all-in cost: raw spread plus commission, on the same account, over the same window.
Checked: the licence trail per published record, read from each regulator's own register on the date shown, plus the perk and desk-score rows from our research desk. The spread, commission, account and deposit values are written in per broker and labelled wherever they appear — placeholders for fields our research hub does not publish yet, not checked facts about those firms.
Broker records we publish
Ordered by the traderpublic desk score on each record. Records our desk has not scored are not ranked here.
Use it to compare at a glance, then read the licence trail under each broker below — that is the part our desk checked against the regulator's register.
| FxPro Global Markets Limited4.7 out of 5 | Capital.com4.3 out of 5 | HF Markets (SV) Ltd4.3 out of 5 | TF Global Markets (STL) Limited4.3 out of 5 | Admirals4 out of 5 | |
|---|---|---|---|---|---|
| Made upECN account | Yes | No | No | Yes | Yes |
| Made upMin. deposit | $25 | $500 | $500 | $10 | $10 |
| Made upSpread, EUR/USD | 0.8 pips | 1.3 pips | 1.3 pips | 1.3 pips | 0.1 pips |
| Made upCommission per lot | $3.50 | $6.00 | $6.00 | $6.00 | $2.00 |
| Made upDemo account | Yes | Yes | Yes | Yes | Yes |
| Licences we verified | 2 | 3 | 3 | 1 | 1 |
| Open the record | View record | View record | View record | View record | View record |
This order is our published desk score across the whole broker, tie-broken by verified licences. It is NOT a ranking by cost: no all-in cost on this page has been measured by us.
- 1
FxPro Global Markets Limited
2 verified licences · 2 Sept 2026
4.7 out of 5Open record- Execution model
- Made upMarket maker
- Spread from
- Made upfrom 0.8 pips (EUR/USD, standard account)
- Commission
- Made up$3.50 per lot per side
- Minimum deposit
- Made up$25
- Raw / ECN account
- Made upRaw / ECN account available
What the desk checked
- Swap-free accountofferedOffered on request via the Back Office; fees may apply once positions on certain instruments stay open a set number of days.source · read on 16 Sept 2026
- Islamic accountnot checked
- Negative balance protectionofferedStated in the Client Agreement; clients may never lose more than their total deposits.source · read on 16 Sept 2026
- Segregated client fundsofferedHeld in separate bank accounts with named custodian banks.source · read on 16 Sept 2026
- No deposit feeofferedThird-party or bank fees may still apply.source · read on 16 Sept 2026
- No withdrawal feeofferedE-wallet withdrawals can carry a fee if no trading took place.source · read on 16 Sept 2026
- Cent accountnot checked
- 24/7 supportnot offeredFxPro publishes 24/5 weekday support hours, not 24/7.source · read on 16 Sept 2026
- Thai-language supportnot checked
- 2
Capital.com
3 verified licences · 2 Sept 2026
4.3 out of 5Open record- Execution model
- Made upHybrid ECN / market maker
- Spread from
- Made upfrom 1.3 pips (EUR/USD, standard account)
- Commission
- Made up$6.00 per lot round turn
- Minimum deposit
- Made up$500
- Raw / ECN account
- Made upRaw / ECN account available
What the desk checked
- Swap-free accountofferedCountry-restricted; requires contacting support with no open trades.source · read on 16 Sept 2026
- Islamic accountnot checked
- Negative balance protectionofferedRetail clients only; balance is reinstated to zero.source · read on 16 Sept 2026
- Segregated client fundsofferedHeld at regulated banks, separate from company funds.source · read on 16 Sept 2026
- No deposit feeofferedYour own bank may still charge for the transfer.source · read on 16 Sept 2026
- No withdrawal feeofferedMinimum card withdrawal 20 USD/EUR/GBP.source · read on 16 Sept 2026
- Cent accountnot checked
- 24/7 supportofferedStated on the broker's own contact page.source · read on 16 Sept 2026
- Thai-language supportnot checked
- 3
HF Markets (SV) Ltd
3 verified licences · 2 Sept 2026
4.3 out of 5Open record- Execution model
- Made upHybrid ECN / market maker
- Spread from
- Made upfrom 1.3 pips (EUR/USD, standard account)
- Commission
- Made up$6.00 per lot round turn
- Minimum deposit
- Made up$500
- Raw / ECN account
- Made upRaw / ECN account available
What the desk checked
- Swap-free accountofferedApplies to selected accounts and instruments under HFM's rollover policy.source · read on 16 Sept 2026
- Islamic accountofferedSharia-compliant swap-free conditions on the Cent and Zero accounts.source · read on 16 Sept 2026
- Negative balance protectionofferedA negative balance is automatically reset to zero.source · read on 16 Sept 2026
- Segregated client fundsofferedClient funds cannot be used to repay company creditors.source · read on 16 Sept 2026
- No deposit feeofferedBank transfers are free above $100; third-party charges may apply.source · read on 16 Sept 2026
- No withdrawal feeofferedSending, correspondent and receiving banks may charge their own fees.source · read on 16 Sept 2026
- Cent accountofferedCent lots (0.01 of a standard lot); account currency USC.source · read on 16 Sept 2026
- 24/7 supportofferedHFM's own FAQ states 24/7 live support for all clients.source · read on 16 Sept 2026
- Thai-language supportofferedThai-language contact page with a Thailand support line and Thai support mailbox.source · read on 16 Sept 2026
- 4
TF Global Markets (STL) Limited
1 verified licences · 2 Sept 2026
4.3 out of 5Open record- Execution model
- Made upHybrid ECN / market maker
- Spread from
- Made upfrom 1.3 pips (EUR/USD, standard account)
- Commission
- Made up$6.00 per lot round turn
- Minimum deposit
- Made up$10
- Raw / ECN account
- Made upRaw / ECN account available
What the desk checked
- Swap-free accountofferedAn administration fee applies to positions held longer than four days.source · read on 16 Sept 2026
- Islamic accountofferedFor traders complying with Sharia law; admin fees waived for the first six days.source · read on 16 Sept 2026
- Negative balance protectionofferedStated for FCA-regulated retail clients of the UK entity, in line with FCA rules.source · read on 16 Sept 2026
- Segregated client fundsofferedClient capital is never used for the company's business interests.source · read on 16 Sept 2026
- No deposit feeofferedThird-party provider charges may still apply.source · read on 16 Sept 2026
- No withdrawal feeofferedInternational bank wires typically cost about USD 25, charged by the banks.source · read on 16 Sept 2026
- Cent accountnot checked
- 24/7 supportofferedMultilingual client support by live chat, email or phone.source · read on 16 Sept 2026
- Thai-language supportnot checked
- 5
Admirals
1 verified licences · 2 Sept 2026
4 out of 5Open record- Execution model
- Made upECN / STP
- Spread from
- Made upfrom 0.1 pips (EUR/USD, raw account)
- Commission
- Made up$2.00 per lot per side
- Minimum deposit
- Made up$10
- Raw / ECN account
- Made upRaw / ECN account available
What the desk checked
- Swap-free accountofferedSwap-free option on Trade.MT5; excludes exotic pairs and digital currencies.source · read on 16 Sept 2026
- Islamic accountofferedOpened as a Trade.MT5 account with the swap-free option.source · read on 16 Sept 2026
- Negative balance protectionofferedRetail clients: unlimited per-account cover. Professional clients: up to EUR 50,000.source · read on 16 Sept 2026
- Segregated client fundsofferedSegregated under CySEC rules at a regulated EU credit institution.source · read on 16 Sept 2026
- No deposit feenot checked
- No withdrawal feenot offeredOne free withdrawal request per month per method; a fee applies after that.source · read on 16 Sept 2026
- Cent accountnot checked
- 24/7 supportnot checked
- Thai-language supportnot checked
Raw spread plus commission — and what we have not measured
The licence rows are verified against the register. The cost rows are written-in examples of the columns we will print when the hub sends both halves of the price.
- Licences we verified against the register✓
- Raw spread floorMade upexample shape: from 0.0 pips (EUR/USD, raw account) plus commission
- All-in cost (spread + commission)Made upexample shape: 0.7 pips all-in (raw spread plus commission)
- Raw account minimumnot published
- Raw account namenot published
Licences we checked ourselves
This is the part of the page that rests on evidence: each licence number was read from the regulator's own public register on the date shown.
Frequently asked questions
Is 0.0 pips really zero cost?
No — a raw account moves the cost into a commission per lot. Comparing a raw spread against a standard account's all-in spread makes the raw account look cheaper than it is.
Are the commissions on this page real?
No, and they are labelled. Our hub publishes no commission field yet; every figure here is written in to show the shape of the column we will fill.