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2026 Annual Reviewv2026.2

2026 annual review

Best ECN / Raw-Spread Forex Brokers (2026)

Raw-pricing accounts are for traders who would rather pay a commission than a spread markup. This list keeps only brokers with a real raw/ECN account tier and a verified EUR/USD spread, then ranks them on cost and overall review score.

Ranked on verified EUR/USD spread and overall review score among brokers with a raw or ECN account tier. · Reviewed by James Cole · Registers checked by Priya Nair · Updated August 2026

Shortlist

The ranking at a glance

6 brokers qualified from 141 tested.

#BrokerEUR/USDOverallTrustAccountAwards won
1Tickmill0.108.070Raw
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Visit
2Eightcap0.107.668RawVisit
3JustMarkets0.307.758Raw Spread
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Visit
4Admirals (Admiral Markets)0.500.063Zero.MT5
—
Visit
5IC Markets0.628.363Raw Spread
—
Visit
6Exness0.708.264Raw SpreadVisit
Notes

Why each broker placed where it did

01

Tickmill

Runs a Raw account with a verified EUR/USD spread of 0.10 pips.

Tickmill provides a credible offering, distinguished by its robust regulatory framework in key jurisdictions and a highly competitive Raw account for cost-sensitive traders, though some operational aspects remain less transparent.

8.0trust 70Full report
02

Eightcap

Runs a Raw account with a verified EUR/USD spread of 0.10 pips.

Eightcap presents as a broker with a strong platform offering and highly competitive Raw account spreads. Its multi-jurisdictional regulatory structure provides choices for traders, though it necessitates careful consideration of the specific entity. The absence of detailed information on customer support, educational resources, and the full product range limits a complete assessment, suggesting a focus on core trading execution for informed participants.

7.6trust 68Full report
03

JustMarkets

Runs a Raw Spread account with a verified EUR/USD spread of 0.30 pips.

JustMarkets presents a proposition with competitive pricing and widely adopted trading platforms. The presence of Tier 2 regulation from CySEC and FSCA offers a degree of confidence, though this is tempered by simultaneous operations under multiple Tier 3 offshore licenses. Traders must consider their preference for regulatory oversight when evaluating this broker, particularly regarding client protection differences across entities. While the core trading conditions appear robust, the absence of verified information in areas such as customer support and educational resources requires consideration.

7.7trust 58Full report
04

Admirals (Admiral Markets)

Runs a Zero.MT5 account with a verified EUR/USD spread of 0.50 pips.

trust 63
05

IC Markets

Runs a Raw Spread account with a verified EUR/USD spread of 0.62 pips.

IC Markets positions itself as a robust ECN broker, particularly appealing to experienced traders seeking low latency and tight spreads. While its regulatory framework is bifurcated, the core offering of advanced platforms and diverse markets remains compelling for those prioritising execution quality.

8.3trust 63Full report
06

Exness

Runs a Raw Spread account with a verified EUR/USD spread of 0.70 pips.

Exness provides a cost-effective trading environment with commendable transaction speeds, though its regulatory profile requires careful consideration.

8.2trust 64Full report

We may earn a commission when a reader opens an account through a link on this page. It has no bearing on the order above, which is produced mechanically from the measurement named at the top of the page. See the methodology and affiliate disclosure.