Forex raw spreads refer to direct access to the interbank market without any spread addition。Top forex brokers usually offer many types of accounts, but the original spread account is just one of them。

The prices offered by all original spread accounts are the true cost of executing the transaction, based on the interbank offered rate in the financial markets。Traders can trade with very small market spreads because the original spread broker will not mark up the spreads on such trading accounts - the broker will charge a higher commission fee。

Here's a comparison of the three top original spread brokers in the UK。

	Pepperstone	Exness	Tickmill
Licence	UK FCA, Australia ASIC, Bahamas SCB	UK FCA, Cyprus CySEC, Seychelles FSA, etc	UK FCA, Cyprus CySEC, Dubai DFSA, etc
Account Currency	AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD	AUD, CAD, CHF, CNY, EUR, GBP, GHS, HKD, SGD, USD, etc	USD, EUR, GBP, ZAR
Customer Service	+ 44 (800) 0465473 (UK toll-free hotline)	08001503223	Request a call back through the Tickmill website
Payment method	Bank Transfer, Visa, Mastercard, PayPal, Neteller, Skrill and Union Pay	Bank Transfer, VISA, Mastercard, JCB, Skrill and Neteller	Bank transfers, Visa, Mastercard, PayPal, Neteller, Skrill, cryptocurrency payments, and more
Minimum deposit	0	200美元	100 USD
Trading Commission	$3 per hand per side	Maximum 3 per hand per side.50美元	$2 per hand per side
Maximum Leverage (UK entity)	1:30	1:30	1:30
Maximum leverage (non-UK entities)	1: 200 (retail customers) 1: 500 (professional customers)	1: Unlimited	1:500

Pepperstone

Pepperstone offers two types of accounts: Razor accounts and Standard accounts。You should choose Razor account when looking for forex raw spread, standard account offers raw spread plus 1 point mark up。

Here are the detailed conditions for the Pepperstone Razor account:

• Trading platform:MT4, MT5, cTrader & TradingView

• Commissions: Forex only, from $3 (per lot, per side)

• Spread: Original spread (from 0 o'clock)

• Minimum deposit: $0 (minimum deposit of $200 recommended)

• Maximum leverage: 1: 200 for retail customers and 1: 500 for professional customers

• Account Currency: US Dollar, Euro, British Pound Sterling, Australian Dollar, Canadian Dollar, Swiss Franc, Japanese Yen, New Zealand Dollar, Singapore Dollar, Hong Kong Dollar

• Trading tools: Forex, Commodities, Indices, Cryptocurrencies, Stocks, ETFs

• Stop loss level: retail 50%, professional 20

Pepperstone's Razor account has fairly low commission fees and a minimum deposit, ideal for beginners and experienced traders。However, it is important to note that if you wish to use more leverage than the limits set by the Financial Conduct Authority, Pepperstone may downgrade you to a non-UK entity under its brand。

Exness

Exness has three professional account options: Professional Account, Zero Account, and Original Spread Account。The Pro version is an instant execution account, while the zero spread and the original spread are market execution accounts。

There is a similar "0-point" spread policy for zero spreads and raw spreads, however, Zero's spread policy applies only to the 30 top instruments during trading hours.。Therefore, you should select the original spread account。

Here are the detailed conditions for the Exness original spread account:

• Trading platform: MT4 and MT5
• Commission: up to 3 per hand per side.50美元
• Spread: Original spread (from 0 o'clock)
• Minimum deposit: $200
• Maximum leverage: 1: unlimited, 1: 000
• Account currency: more than 20 kinds, including Australian dollar, Canadian dollar, Swiss franc, RMB, euro, British pound, Singapore dollar, Hong Kong dollar, Singapore dollar, US dollar
• Trading tools: Forex, Metals, Cryptocurrencies, Energy, Stocks, Indices
• Stop Loss Level:0

Exness's unlimited leverage offer is available for original spread accounts, but may not be available to UK traders。If you need more leverage than the Financial Conduct Authority limits, Exness will assign you non-UK businesses under its brand。

Tickmill

Tickmill does not directly advertise raw spread accounts, but offers professional accounts, again without real-time market spreads。

The following are the detailed conditions for a Ticmill Professional Account:

• Trading Platforms: MT4, MT5, Tickmill Mobile App
• Commission: $2 per hand per side
• Spread: Original spread (from 0 o'clock)
• Minimum deposit: $100
• Maximum leverage: 1: 500 (non-UK accounts)
• Account Currency: USD, EUR, GBP, South African Rand
• Trading instruments: Forex, Commodities, Indices, Bonds, Equity CFDs and Cryptocurrencies
• Stop Loss Level:30

Tickmill also offers an additional offer for Pro account holders: stop loss and limit levels for Pro account users are zero。This means that Tickmill PRO traders can place stop and limit orders as they approach market prices, an advantage that most CFD brokers do not have.。

Choosing a Real Original Spread Broker

Original spread accounts are less suitable for novices because they are more likely to suffer losses due to market volatility。However, experienced scalping traders and day traders prefer forex raw spreads because they understand the impact of market dynamics, order types and market volatility on trading and know how to face these situations。

First, the company should be properly regulated by a reputable institution。The original spread broker in the UK should have an FCA license, and the FCA will ensure that the broker fulfills its commitment to provide real market prices without any mark-ups.。

Finally, you can trade with a small amount of money on their real account to ensure the original spread。Do not easily believe the good reviews of any so-called original spread broker on various online forums, because more than half are fabricated。