- Who is the Raw Spread account best suited for?
- Top features of the Raw Spread account
- Account Details
- How is trading commission calculated for Raw Spread accounts?
Who is the Raw Spread account best suited for?
The Raw Spread account is an account type suited for experienced traders who want ultra-low, stable spreads. It stands in contrast to other market-maker accounts with its approach to fixed commission.
Top features of the Raw Spread account
- Ultra-low spreads.
- Fixed trading commission per lot (specific to the trading instrument).
- No limit on how many positions can be open at any given time.
- Orders will be executed with market execution (no requotes).
Here is a comprehensive list of details for the Raw Spread account:
|Minimum Initial Deposit||Starting from USD 200*|
|Execution type||Market execution|
Real and Demo:
AED ARS AUD AZN BDT BHD BND BRL CAD CHF CNY EGP EUR GBP GHS HKD HUF IDR INR JOD JPY KES KRW KWD KZT MAD MXN MYR NGN NZD OMR PHP PKR QAR SAR SGD THB UAH UGX USD UZS VND XOF ZAR
|Trading instruments||Forex, Metals, Cryptocurrencies, Energies, Indices, Stocks|
Maximum number of positions
MT4 Demo: 1000
MT4 Real: 1000
|Trading Platforms||MT4 and MT5|
|Trading Commission||Up to USD 3.50 per lot (depending on the instrument traded) and for both directions of an order.|
Note: Trading accounts created by clients registered with our Kenyan entity have fewer account currency options, maximum available leverage is 1:400, and trading on cryptocurrencies is unavailable.
*The minimum initial deposit depends on geographic region.
How is trading commission calculated for Raw Spread accounts?
A trading commission is applied to specific account types and is mainly based on the trading volume in both directions, such as opening and closing an order. Commission will be charged together when a position is opened.
For Raw Spread accounts, the trading commission has a rate of up to USD 3.5 per lot per direction for the vast majority of instruments. Follow this link to check the Contract Specifications of an instrument and its commission rate.
Here’s an example:
A trader opens a 1 lot position with GBPUSD. The commission charged will be USD 7 as USD 3.5 is the commission rate per lot and direction for Raw Spread accounts. No further commission is charged when closing the 1 lot position, as the full amount of USD 7 would’ve occurred at opening the position.
For more information on trading commission, click here.