Best Low Spread Forex Brokers 2026: Raw Pricing Compared
Broker Desk, 2026
By Ken Chigbo, Founder, KenMacro, UK macro desk. Updated 2026-06-04.
The short answer
Free macro framework
Reading the macro? Get the framework behind it.
The free regime-first framework the desk uses to read every session. Sent straight to your inbox.
Blueberry Markets leads our 2026 ranking of low spread forex brokers offering raw ECN pricing, on the basis of an all-in cost that is competitive with the tightest desks in the market without the entry friction. The Direct account quotes raw spreads from 0.0 pips with roughly $7 round-turn commission, the minimum sits at $100 rather than $200, and you get MT4, MT5, TradingView and cTrader under one roof. For pure spread depth on majors, IC Markets remains the benchmark on the Raw Spread account, but the $200 minimum and offshore onboarding for most retail traders narrow the audience. FP Markets matches the raw pricing logic on cTrader at a $100 minimum, while VT Markets covers the same 0.0 pip raw structure with a multi-asset macro bias. Each broker here is ASIC-regulated at the top entity, though most retail clients are onboarded under offshore licences, so the deciding factor is fit: account size, platform preference and what you actually trade.
The desk verdict
Top pick: Blueberry Markets. Blueberry Markets wins on the balance of raw 0.0 pip pricing, a $100 minimum and a platform stack that covers MT4, MT5, TradingView and cTrader in one account.
Who this is for
This page is built for traders who care about the real cost of doing business: raw spread plus commission, not the headline marketing number. We focused on brokers running genuine ECN or raw pricing books, cross-checked the account minimums, platform stack and regulatory entity you are likely to be onboarded under, and weighted the ranking toward all-in cost rather than promotional spreads. The KenMacro desk routes order flow daily and sees where pricing actually holds up during London and New York overlap, so the verdicts below reflect execution reality, not affiliate gloss. If you are scalping majors, running EAs, copy trading or building a macro book across FX and indices, the routing section tells you which broker fits which seat.
The comparison
How the desk scores brokers
No paid placement decides these rankings. The desk weighs regulation and client-fund protection, the true all-in trading cost, the withdrawal and support record, platform and execution quality, and fit by trader type. Affiliate relationships are disclosed: KenMacro may earn a commission if you open an account through a link, at no cost to you, and that never changes the order. Every broker listed has been checked against its public regulator record.
The brokers, ranked
Blueberry Markets
Blueberry Markets delivers raw spreads from 0.0 pips on the Direct account with around $7 round-turn commission, which puts the all-in cost in the same bracket as the tightest ECN desks. The $100 minimum and the full platform set (MT4, MT5, TradingView, cTrader) make it the most flexible entry point on this list. Just note that tier-1 ASIC protection only applies under the Australian entity; most retail clients onboard offshore.
Best for: all-round trading, copy trading and TradingView users. Regulation: ASIC for Australia; offshore (Mauritius FSC, Vanuatu VFSC) for most retail clients. Platforms: MT4, MT5, TradingView, cTrader. Watch-out: tier-1 protection only under the ASIC entity; most retail clients are onboarded offshore.
IC Markets
IC Markets is still the reference point for the tightest raw spreads on majors, with the Raw Spread account quoting from 0.0 pips on MT4, MT5 and cTrader. It is the obvious choice for scalpers and high-frequency EAs that live or die on a fraction of a pip. The $200 minimum is higher than peers, and most retail traders are onboarded under the Seychelles entity rather than ASIC or CySEC.
Best for: the tightest raw spreads, scalping and cTrader. Regulation: ASIC and CySEC for those regions; Seychelles offshore for most retail. Platforms: MT4, MT5, cTrader. Watch-out: the $200 minimum is higher than some, and the regulation is offshore for most retail.
VT Markets
VT Markets offers the same raw-from-0.0-pips structure plus a standard account from around 1.1 pips, and the platform stack covers MT4, MT5, TradingView and WebTrader+. It earns its place when you are trading a macro book across FX, metals, oil and indices rather than scalping a single pair. UK residents are not accepted, and most retail clients onboard offshore, so confirm the entity for your region.
Best for: multi-asset macro trading across FX, metals, oil and indices, and the desk bundle. Regulation: ASIC and FSCA for those regions; offshore for most retail clients. Platforms: MT4, MT5, TradingView, WebTrader+. Watch-out: UK residents are not accepted; confirm the entity for your region.
FP Markets
FP Markets matches the raw ECN logic with spreads from 0.0 pips on the Raw account, a $100 minimum and cTrader alongside MT4, MT5 and TradingView. It is a strong pick if you specifically want cTrader pricing without the higher IC Markets minimum. Support can lag during peak sessions, which is worth knowing if you rely on fast resolution around news.
Best for: cTrader and raw ECN pricing. Regulation: ASIC and CySEC, plus offshore for some regions. Platforms: MT4, MT5, cTrader, TradingView. Watch-out: support can be slower at peak times.
Quick routing
If you want the cleanest all-round raw pricing with a low entry point and every major platform in one place, start with Blueberry Markets. If you are a pure scalper or EA operator chasing the tightest possible spread on majors and the $200 minimum is not an issue, route to IC Markets. If you are building a macro book across FX, metals, oil and indices and want the desk bundle, VT Markets fits, provided you are not UK-resident. If cTrader is your platform of choice but you want a $100 minimum rather than $200, FP Markets is the natural call. Match the seat to the trader, not the marketing.
Not sure which fits you? Get matched.
Answer three questions and the desk routes you to the broker that fits your country, platform and trading style, with the honest watch-out for each.
Frequently asked
What is the best low spread forex broker in 2026?
Blueberry Markets leads our 2026 list for low spread forex trading on raw ECN pricing. The Direct account quotes raw spreads from 0.0 pips with around $7 round-turn commission, the minimum is $100, and you get MT4, MT5, TradingView and cTrader in one account. IC Markets is the closest competitor on pure spread tightness, but Blueberry wins on the balance of cost, minimum deposit and platform flexibility.
Which broker has the tightest raw ECN spreads?
IC Markets is generally regarded as the benchmark for the tightest true ECN raw spreads, quoting from 0.0 pips on the Raw Spread account across MT4, MT5 and cTrader. It is built around scalpers and high-frequency strategies where fractions of a pip matter. The trade-off is a $200 minimum and offshore onboarding under the Seychelles FSA for most retail clients.
How do I calculate the true all-in cost of a raw spread account?
Add the raw spread in pips to the commission converted back into pips per round turn. On Blueberry Markets, for example, raw spreads start at 0.0 pips with roughly $7 round-turn commission per standard lot, so on a typical major your all-in cost is the live spread plus that commission expressed in pip terms. Comparing brokers on headline spread alone is misleading; always include commission.
Are low spread forex brokers safe and regulated?
The brokers on this list all hold tier-1 regulation at the top entity: Blueberry Markets and IC Markets under ASIC, VT Markets under ASIC and FSCA, and FP Markets under ASIC and CySEC. However, most retail clients are onboarded under offshore entities (Mauritius, Vanuatu, Seychelles), which changes the level of protection. Always check which entity you are signing up under before funding the account.
What is the minimum deposit for a raw spread forex account?
Minimums vary across the brokers here. Blueberry Markets, VT Markets and FP Markets all start at $100 on their raw or standard accounts, which is the lowest entry point on this list. IC Markets requires $200 to open the Raw Spread account. Leverage on offshore entities goes up to 1:500 across all four, so position sizing rather than minimum deposit is usually the real constraint.
Educational and general information only, not financial advice. CFDs and forex are complex, leveraged instruments and a high percentage of retail accounts lose money. Check a broker’s regulation and the exact entity you are onboarded under before depositing. KenMacro has commercial partnerships with some brokers referenced and may earn a commission if you open an account, at no cost to you.
From the desk, free
Get the macro framework the desk actually trades
The same regime-first framework behind every call on this site, plus the weekly macro brief. Free. No spam, unsubscribe anytime.
Continue reading