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Best Forex Brokers with Raw Spread / ECN Accounts in 2026
Raw spread accounts give you direct access to interbank pricing — often from 0.0 pips on EUR/USD — with a transparent per-lot commission instead of inflated spreads. These accounts are preferred by scalpers, day traders, and algorithmic systems that need the tightest possible entry and exit prices. Compare raw spread brokers by commission per lot, average raw spreads, and execution quality. Updated April 2026.
Trustpilot Reviews
10,088
+13
(7d)
+50
(30d)
HQ
Australia Regulation
Platforms
MetaTrader 4 
MetaTrader 5 
cTrader 
TradingView 
IRESS 
Trustpilot Reviews
53,279
+148
(7d)
HQ
Australia Regulation
Platforms
MetaTrader 4 MetaTrader 5 cTrader TradingView 
Trustpilot Reviews
28,971
+299
(7d)
+2,295
(30d)
HQ
Cyprus Regulation
Platforms
MetaTrader 4 MetaTrader 5 
Trustpilot Reviews
865
+0
(7d)
HQ
Australia Regulation
VFSC (Vanuatu) FSA (St. Vincent and the Grenadines)
Platforms
MetaTrader 4 MetaTrader 5 
Trustpilot Reviews
438
+3
(7d)
HQ
Australia Regulation
ASIC (Australia) VFSC (Vanuatu) FSA (Seychelles)
Platforms
MetaTrader 4 MetaTrader 5 
Trustpilot Reviews
3,215
+1
(7d)
HQ
Australia Regulation
ASIC (Australia) FSC (Mauritius)
Platforms
MetaTrader 4 MetaTrader 5 cTrader TradingView 
Trustpilot Reviews
706
+0
(7d)
HQ
Australia Regulation
Platforms
MetaTrader 4 MetaTrader 5 TradingView cTrader 
Trustpilot Rating
Trustpilot Reviews
0
HQ
United Kingdom Regulation
FCA (UK) CySEC (Cyprus) SCB (Bahamas) FSCA (South Africa)
Platforms
MetaTrader 4 MetaTrader 5 cTrader 
Trustpilot Rating
Trustpilot Reviews
0
HQ
United Kingdom Regulation
FCA (UK) CySEC (Cyprus) FSCA (South Africa) FSA (Seychelles)
Platforms
MetaTrader 4 MetaTrader 5 TradingView 
Trustpilot Rating
Trustpilot Reviews
0
HQ
Australia Regulation
Platforms
MetaTrader 4 MetaTrader 5 TradingView FP Markets vs IC Markets - Comparison of Top Firms in This Guide
FP Markets vs IC Markets - Broker Comparison April 2026
Head-to-head comparison of FP Markets and IC Markets. Check max funding, profit splits, daily and overall drawdown rules, leverage, tradable assets, payout frequency, payment and payout methods, trading permissions and KYC restrictions before you buy a challenge. Data refreshed April 2026.
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FP Markets
Australian ECN Forex & CFD Broker
|
IC Markets
True ECN Forex & CFD Broker — Raw Spreads from 0.0 Pips
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|
|---|---|---|
| Overview | ||
| Trustpilot Rating | 4.8 | 4.8 |
| Trustpilot Reviews | 10,088 | 53,279 |
| Headquarters | Australia | Australia |
| Founded | 2005 | 2007 |
| Best For | Low Spreads ECN Trading Scalping Algo Trading Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional | Low Spreads ECN Trading Scalping Algo Trading High-Volume Copy Trading Day Trading High Leverage Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Trust & Safety | ||
| Regulation | ASIC (Australia) CySEC (Cyprus) FSCA (South Africa) FSA (Seychelles) CMA (Kenya) | ASIC (Australia) CySEC (Cyprus) FSA (Seychelles) SCB (Bahamas) CMA (Kenya) FSCA (South Africa) |
| Fund Segregation | ✅ Yes | ✅ Yes |
| Negative Balance Protection | ✅ Yes | ✅ Yes |
| Compensation Scheme | Up to €20,000 under CySEC ICF | Up to €20,000 under CySEC ICF for EU clients |
| Trading Costs | ||
| Min Spread | From 0.0 pips (Raw), From 1.0 pips (Standard) | From 0.0 pips (Raw Spread), From 0.8 pips (Standard) |
| Commission | $3/lot/side (Raw), None (Standard) | $3.50/lot/side (Raw Spread MT), $3/100K (cTrader Raw), None (Standard) |
| Swap-Free (Islamic) | ✅ Yes | ✅ Yes |
| Inactivity Fee | None | None |
| Deposit/Withdrawal Fees | No deposit fees. Bank withdrawal A$10 international. E-wallets free | No deposit or withdrawal fees. Bank wire may incur intermediary charges |
| Trading Conditions | ||
| Max Leverage | 1:500 (Global), 1:30 (EU/AU retail) | 1:1000 (Global), 1:500 (Bahamas), 1:30 (EU/AU retail) |
| Min Deposit | $100 | $200 |
| Execution Type | ECN | ECN |
| Stop Out Level | 50% | 50% |
| Margin Call Level | 100% | 100% |
| Instruments | 70+ Forex 10000+ Stocks 12 Indices 3 Commodities 4 Metals 2 Energies 5 Crypto ETFs Bonds | 61 Forex 2100+ Stocks 25 Indices 19 Commodities 6 Metals 3 Energies 21 Crypto 9 Bonds 5 Futures |
| Currency Pairs | 70 | 61 |
| Min Lot Size | 0.01 | 0.01 |
| Platforms & Tools | ||
| Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView IRESS | MetaTrader 4 MetaTrader 5 cTrader TradingView |
| Mobile App | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ✅ Yes |
| Expert Advisors (EA) | ✅ Yes | ✅ Yes |
| VPS Hosting | ✅ Yes | ✅ Yes |
| API Access | ✅ Yes | ✅ Yes |
| Education | Webinars Video Tutorials Forex 101 Articles Trading Guides Podcast | Webinars Video Tutorials Trading Guides Market Analysis IC Your Trade Podcast |
| Account & Support | ||
| Account Types | Standard Raw Islamic IRESS Demo | Standard Raw Spread cTrader Raw Islamic Demo |
| Payment Methods | Credit/Debit Cards Bank Wire PayPal Skrill Neteller UnionPay Crypto Apple Pay Google Pay | Credit/Debit Cards Bank Wire PayPal Skrill Neteller UnionPay FasaPay Crypto (BTC) |
| Withdrawal Speed | Same day (e-wallets), 1-2 days (cards), 3-5 days (bank wire) | Same day (e-wallets), 1-3 days (cards), 3-5 days (bank wire) |
| Support Hours | 24/7 Live Chat, Email, Phone | 24/7 Live Chat, Email, Phone |
FP Markets
IC Markets
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