ECN Forex Brokers: Raw-Spread Accounts Compared
ECN and raw-spread forex accounts compared: commission per lot, minimum deposit and platforms at Vantage, VT Markets, PU Prime, Exness, Tickmill and Global.
Reviewed by Hà Ngọc Lộc· Senior SEO Editor
Reviewed using our forex & CFD broker review methodology
An ECN or raw-spread account charges a separate commission in exchange for spreads that start from about 0.0 pips. Across the brokers we cover, round-turn commission per standard lot ranges from $6 (Vantage Raw ECN, VT Markets RAW ECN, Tickmill Raw, JustMarkets Raw Spread) to $7 (Global Prime Raw, Tickmill TradingView Raw), up to $7 at Exness Raw Spread at its published maximum. Minimum deposits run from $0 (Global Prime) to $200 (Exness, JustMarkets). Most "ECN" retail accounts are really STP/ECN-style routing with raw pricing from liquidity providers. What matters is the all-in cost per lot: spread plus commission.
Raw-Spread Accounts Side by Side
| Broker | Account | Commission (round turn / lot) | Min. deposit | Platforms |
|---|---|---|---|---|
| Vantage | Raw ECN | $6 | $50 | MT4, MT5, TradingView, app |
| VT Markets | RAW ECN | $6 | $100 | MT4, MT5, app |
| Tickmill | Raw | $6 | $100 | MT4, MT5 |
| Tickmill | TradingView Raw | $7 | $100 | TradingView, Tickmill Trader |
| Global Prime | Raw | $7 | $0 | MT4, MT5 |
| JustMarkets | Raw Spread | $6 | $200 | MT4, MT5 |
| Exness | Raw Spread | up to $7 | $200 | MT4, MT5, Exness Terminal |
| PU Prime | ECN | See PU Prime review | $10,000 | MT4, MT5, app |
From each broker's official pages or our dated reviews. VT Markets, Tickmill and Global Prime were checked on 2026-10-01; others come from the dated reviews linked. Commission and minimums vary by entity.
Compare All-In Cost
All-in cost per lot = (average spread in pips × pip value) + round-turn commission.
Example on EURUSD, where 1 pip = $10 per standard lot: a 0.2-pip average raw spread plus $6 commission costs $8 per lot. A standard account at 1.2 pips with no commission costs $12 per lot. Measure average spreads on demo at your trading hours, not the advertised "from" figure.
Who Needs an ECN Account
- Scalpers and high-volume day traders, where small cost differences add up
- EA users who need low spreads and allow scalping
- Not necessary for occasional swing trades, where the swap matters more
Picking One
- Want tier-1 regulation plus TradingView: Vantage
- Want copy trading in the same app: VT Markets
- Want the lowest entry: Global Prime ($0) or Vantage ($50)
Related: ECN vs STP explained · Forex broker fees · Lowest spread brokers
Official sources: JustMarkets official site (justmarkets.com) · Exness regulation page (exness.com) · VT Markets official site (vtmarkets.com) · Vantage official site (vantagemarkets.com).
ECN Forex Brokers: Your Questions Answered
What is an ECN broker?
A broker that passes raw prices from liquidity providers and charges a separate commission, rather than widening the spread.
Which ECN broker has the lowest commission?
Among those we cover, $6 round turn per lot at Vantage, VT Markets, Tickmill Raw and JustMarkets. The average spread then decides the total cost.
Is an ECN account good for beginners?
It can be. The pricing is clearer, but you have to add commission to every trade. A standard account is simpler to read.
Sources checked 2026-10-01: tickmill.com/accounts; globalprime.com account types; vtmarkets.com/raw-ecn; dated reviews for Vantage, JustMarkets, Exness, PU Prime.
More: Best raw spread brokers · Vantage vs IC Markets
Related Guides
Best cTrader Brokers (2026): Raw Spreads, Commissions & Alternatives
Sources & verification
- Last checked
- Written by
- HNL Growth Team
- Reviewed by
- Hà Ngọc Lộc
- Length
- 2 min read · 553 words
Rules, prices and payout terms on this page were checked against the official websites, help-centre articles and published terms of the firms mentioned, on the date above. Prop firms and brokers change conditions often — confirm the current version on the official site before you buy or deposit. Read our broker review methodology and affiliate disclosure.
Official sources & documentation verified
- JustMarkets official site(justmarkets.com)
- Exness regulation page(exness.com)
- VT Markets official site(vtmarkets.com)
- Vantage official site(vantagemarkets.com)
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Check Each Broker for Your Country
Listed in no particular order. Each broker onboards you through a different legal entity depending on where you live — confirm the entity, its regulator, leverage cap and withdrawal terms before funding.
Vantage
$50 Standard/Raw · MT4/MT5 + TradingView · FCA/ASIC & offshore entities
VT Markets
STP or RAW ECN from $100 · MT4/MT5 + app copy trading · FSC Mauritius entity
Exness
Standard from $10 · MT4/MT5 + Exness Terminal · entity varies by country
JustMarkets
$10 Standard/Cent · MT4/MT5 · offshore + CySEC entities
Risk disclaimer: CFDs and leveraged forex are complex instruments and carry a high risk of losing money rapidly. Protections, leverage and available products depend on the entity that holds your account. Affiliate disclosure: HNL Growth may earn a commission when you open an account through broker links on this page.