How do we rank brokers?

Our rankings use a weighted algorithm covering regulation (25%), fees (20%), platform quality (15%), market variety (10%), trust/longevity (15%), and user experience (15%). Scores are recalculated every 24 hours.

How often are rankings updated?

Rankings are refreshed every 24 hours using live broker data and our AI-powered content pipeline.

Are these rankings paid placements?

No. Positions are determined solely by our scoring algorithm. We may earn affiliate commissions when you click through to a broker, but this does not influence rankings.

Which is the top-rated broker in this list for 2026?

Based on our scoring algorithm, Pepperstone currently ranks #1 with a score of 4.1/5. Scores are recalculated every 24 hours as broker data changes.

Best Raw Spread Brokers 2026 — Expert Rankings

What to Look For in Raw Spread Brokers

When choosing a raw spread broker, the first factor to consider is the spread costs. A broker offering raw spreads typically provides near-zero spreads but charges a commission per trade. This structure can be more cost-effective for high-volume traders. It's essential to analyse the total trading cost by considering both the spreads and commission fees. Brokers like Vantage are known for competitive pricing that benefits traders seeking to minimise costs.

Regulation and trust are crucial when selecting a raw spread broker. A broker regulated by top-tier authorities such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC) ensures your funds are secure and protected under stringent regulatory standards. Pepperstone, for instance, is renowned for its robust regulatory standing, providing peace of mind to traders.

Lastly, the choice of trading platforms and tools is vital. A broker should offer a range of platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), with advanced charting tools and automated trading capabilities. BlackBull Markets excels in this area, offering a suite of platforms that cater to both beginner and advanced traders, enhancing the overall trading experience.

How We Rank Raw Spread Brokers

Our ranking methodology for raw spread brokers is designed to provide a comprehensive overview, focusing on six critical factors. Regulation accounts for 25% of the score, emphasising the importance of trading with a broker under the oversight of reputable authorities. Fees make up 20% of the score, assessing both commission and spread costs to evaluate overall affordability. The trading platforms offered are given a 15% weight, highlighting the need for a robust and user-friendly trading environment.

We also consider the range of markets available, which contributes 10% to the score, ensuring traders have access to diverse trading instruments. Trust is another 15%, measured through user reviews and the broker's operational history. Finally, user experience (UX) is weighted at 15%, reflecting the importance of an intuitive and efficient trading interface. This structured approach ensures that our rankings represent a balanced evaluation of what traders should look for in top-tier raw spread brokers.

Top Picks at a Glance

Vantage: Known for its ultra-low spreads and competitive commission structure, Vantage is ideal for cost-conscious traders.
Pepperstone: Offers strong regulatory compliance across multiple jurisdictions, making it a trusted choice among global traders.
BlackBull Markets: Provides a comprehensive suite of trading platforms, catering to both novice and experienced traders alike.
ThinkMarkets: Stands out with its advanced trading tools and exceptional customer support, enhancing the overall trading experience.
FBS: Offers flexible account types and trading conditions, making it a versatile option for traders of various levels.

Best Raw Spread Brokers 2026

Pepperstone

BlackBull Markets

ThinkMarkets

FBS

IC Markets

Vantage Markets

FP Markets

XTB

TradeStation

HFM

Admiral Markets

Exness

Phillip Capital

IronFX

Dukascopy

Libertex

FxOpen

Exante

Axi

Eightcap

MultiBank Group

InstaForex

FXTM

Webull

tastytrade

Fusion Markets

Charles Schwab

Moneta Markets

Fineco Bank

TMGM

Aetos Capital

GMO Click Securities

Rakuten Securities

Monex

LiteFinance

PrimeXBT

LYNX Broker

Binance

Just2Trade

VT Markets

Freedom Finance

Tickmill

Questrade

GO Markets

UOB Kay Hian

OCBC Securities

KGI Securities

CIMB Securities

Tradeview

RoboForex

mBank

Blueberry Markets

ACY Securities

Capital Index

Windsor Brokers

Pacific Union

Weltrade

FXGT

Directa SIM

Renta 4

Valutrades

JustMarkets

SEB Investor

Samsung Securities

KB Securities

İş Yatırım

Kiwoom Securities

Garanti Yatırım

Hantec Markets

Yuanta Securities

NH Investment Securities

Yapı Kredi Yatırım

Startrader

Coinexx

FXChoice

SuperForex

Erste Bank Securities

Hugo's Way

Global Prime