I’ll go over the Top FXPro Substitutes with Raw Spread Accounts in this post. Brokers like as FP Markets, Tickmill, IC Markets, and ThinkMarkets provide competitive raw ECN accounts for traders looking for ultra-tight spreads, cheap commissions, and quick execution.
For scalpers, algorithmic traders, and serious forex investors, these alternatives offer professional-grade trading environments, strong platforms, and trustworthy regulation.
What is FXPro Alternatives?
Other online forex and CFD brokers that traders may want to look into in place of FXPro are known as FXPro Alternatives.
Similar trading services, including access to international currency pairs, commodities, indexes, and cryptocurrencies, are offered by these substitutes; however, they might also provide further advantages such raw spread accounts, reduced commissions, quicker execution, or superior platform features.
By selecting an FXPro substitute, traders can locate brokers who more closely fit their account preferences, trading style, and legal needs while still preserving a safe and affordable trading environment.
How To Choose FXPro Alternatives with Raw Spread Accounts
Regulation/Safety: Check where the broker is regulated and if it is regulated by the top tier authorities like ASIC, FCA, or CySEC. These regulations mean that the broker adheres to and complies with a set of standards. These standards mean that the broker cannot misuse or misuse your account.
Raw Spread and Commission: Raw spread accounts usually have a spread of 0.0 pips but have a commission charge. It is important to see if the spread and commission combined is less than the spread and commission of the trading strategy.
Trading Platform: Look for brokers that have MetaTrader 4/5, cTrader or proprietary platforms. These platforms have fast execution and good charting. If you are a scalper or are using an EA, then stable platforms are important.
Number of Account Types and Minimum Deposits: Look for brokers that have a variety of account types, like Standard, Raw, and ECN accounts, as well as low minimum deposits. This will allow beginners to start with a low amount, and will allow those at the other extreme to open Raw ECN accounts.
Market Instruments: Choose brokers that have a variety of instruments, such as forex, commodities, indices, and cryptocurrencies. This will give you more opportunities to trade and will allow you to diversify your portfolio.
Assess Execution Speed and Liquidity: For high-frequency trading strategies that rely on fast and precise pricing, slim slippage and spread raw accounts are best combined with brokers who provide rapid execution and extensive liquidity.
Assess Customer Service and Knowledge Base: For beginners using raw spread accounts for the first time, reliable customer service and knowledge bases are essential as they help resolve problems quickly and improve trading skills.
Key Point & Best FXPro Alternatives with Raw Spread Accounts
| Broker | Key Point |
|---|---|
| FP Markets | Offers raw spread accounts with tight spreads and fast execution for both MT4 and MT5 platforms. |
| Tickmill | Known for ultra-low spreads, low commissions, and professional trading environment suitable for scalping. |
| OANDA Australia | Regulated by ASIC, providing transparent pricing, strong research tools, and flexible lot sizes for traders. |
| XM Group | Offers a wide range of account types, strong educational resources, and competitive spreads for all traders. |
| easyMarkets | Provides fixed and floating spreads with risk management tools like dealCancellation for safer trading. |
| ThinkMarkets | Strong global presence with ECN-style accounts, fast execution, and MetaTrader platforms for serious traders. |
| Vantage | Offers raw ECN accounts, high leverage options, and advanced trading tools with low spreads. |
| CMC Markets | Well-regulated, provides excellent charting tools, competitive spreads, and a wide range of instruments. |
| AvaTrade | Known for user-friendly platforms, diverse account types, and strong global regulation support. |
| IC Markets | Raw spread ECN accounts, ultra-low latency, and access to MT4, MT5, and cTrader platforms for professionals. |
1. FP Markets
FP Markets (First Prudential Markets) is a global online forex and CFD broker established in 2005 in Sydney, Australia. It is known for its ECN-style pricing and a competitive trading environment.
Regulated by ASIC in Australia and CySEC in Cyprus, amongst others, the broker provides access to over 10,000 instruments in forex, indices, commodities, cryptocurrencies, and ETFs, offering trading multiple platforms, including MetaTrader 4, MetaTrader 5, and cTrader.
Its Raw ECN account offers institutional-grade spreads from 0.0 pips with low commissions, making it affordable for scalpers and professional traders. Tickmill and IC Markets are best FXPro alternatives with raw spreads and ultra-tight spreads for high-frequency trading strategies.
FP Markets – Key Features
| Feature | Details |
|---|---|
| Founded | 2005 (Sydney, Australia) |
| Regulation | ASIC, CySEC |
| Platforms | MT4, MT5, cTrader |
| Account Types | Standard, Raw ECN |
| Raw Spread? | ✔ Yes (from ~0.0 pips) |
| Commission | On Raw ECN |
| Product Range | Forex, Indices, Shares, Commodities, Crypto |
| Ideal For | Scalpers, Algo traders |
| Special Strength | Tight spreads + institutional liquidity |
FP Markets Pros & Cons
Pros:
- Raw ECN spreads start at ~0.0 pips.
- Fast execution with highly liquid order filling.
- Regulated by ASIC & CySEC.
- Wide variety of trading instruments (~10,000+).
- Compatible with MT4, MT5, cTrader.
Cons:
- Commissions on raw accounts can become substantial.
- Fees for inactivity are applicable.
- Compared to premium competitors, the research tools provided are basic.
- Not suitable for total novices to the trading arena.
- Some underlying assets have overhead CFD fees.
2. Tickmill
Tickmill is a global forex and CFD broker established in 2014. It offers trading services centered around low-cost execution and institutional-grade conditions. Various account types are available, including the Raw Account, which has spreads starting from 0.0 pips, and a commission fee (around $3 per lot per side) in addition to Classic and Islamic options.
With a simple minimum deposit of roughly $100, along with high leverage, Tickmill enables beginners to work with scalpers, high-frequency, as well as algorithmic trading. Tickmill also offers the MT4 and MT5 trading platforms. Also, clients may also want to consider IC Markets and FP Markets as alternatives to Tickmill for more competitive pricing and trading with raw spreads.
Tickmill – Key Features
| Feature | Details |
|---|---|
| Founded | 2014 |
| Regulation | FCA, CySEC, FSA, FSCA |
| Platforms | MT4, MT5 |
| Account Types | Classic, Pro, Raw |
| Raw Spread? | ✔ Yes (from 0.0 pips) |
| Commission | Low |
| Product Range | Forex, Indices, Bonds, Commodities |
| Ideal For | Low‑cost ECN trading |
| Special Strength | Very low commissions + fast execution |
Tickmill Pros & Cons
Pros:
- Raw accounts have ultra‑tight spreads and start at 0.0 pips.
- Commission rates are low compared to most other brokers.
- Excellent speed of order execution.
- Global regulation is strong (FCA, CySEC, FSA).
- Active trading contests & rebates are available.
Cons:
- Limited array of available products (smaller number of stocks).
- No proprietary trading platform—MT is the only option.
- Limited copy‑trading/social functionality.
- The available research tools are average.
- No CFDs for cryptocurrency.
3. OANDA Australia
OANDA Australia (a division of OANDA Global Corporation) is a member of a multinational group of companies realising cross-border forex trading and international financial data services established in OANDA offers simple pricing via spreads and no separate commissions.
Spread pricing is about 1 pip for the major trading pairs and also offers MT4 and other proprietary platforms. OANDA is regulated by ASIC and is transparent with pricing, offers good charting tools, and offers account conditions that cater to beginner to intermediate traders.
OANDA does not offer raw spread accounts and therefore for raw spread accounts, Tickmill and IC Markets are the first FXPro alternatives to offer spreads from 0.0 pips and a small commission which is good for traders conscious of trading costs.
OANDA Australia – Key Features
| Feature | Details |
|---|---|
| Founded | 1996 |
| Regulation | ASIC & global authorities |
| Platforms | OANDA Web, Mobile, MT4 |
| Account Types | Standard |
| Raw Spread? | ✘ No raw spread account |
| Commission | No separate commission |
| Product Range | Forex, CFDs |
| Ideal For | Beginners & intermediate traders |
| Special Strength | Transparent pricing |
OANDA Australia Pros & Cons
Pros:
- No commission charges; the trading is done via spread only.
- Highly trustworthy & pricing is fully transparent.
- Great tools for charting and market analysis.
- There is adequate protection via regulation by the ASIC.
- Excellent tools for education.
Cons
- Model is not raw spread ECN
- High volatility could raw spread
- Limited assests as compared to other brokers
- No cTrader or foregoing ECN interfaces
- Offshore brokers provide higher leaverage
4. XM Group
One of the oldest forex and CFD brokers is the XM Group. Founded in 2009, XM Group has more than 190 clients and is regulated by ASIC, CySEC, DFSA and other regulators.
XM offers various accounts types such as Micro, Standard, and XM Ultra Low accounts which have a flexible minimum deposit as low as $5 and provide access to trading via the MT4 and MT5 platforms.
The broker provides access to fast execution trading on forex, commodities, indices, stocks and other CFDs. Traders looking for raw spread pricing like what FXPro offers can consider alternatives like Tickmill and IC Markets which focus on raw spread accounts starting at 0.0 pips for more competitive pricing for high volume traders.
XM Group – Key Features
| Feature | Details |
|---|---|
| Founded | 2009 |
| Regulation | ASIC, CySEC, others |
| Platforms | MT4, MT5 |
| Account Types | Micro, Standard, Ultra Low |
| Raw Spread? | ✔ Ultra‑Low (not full ECN) |
| Commission | Yes for Ultra Low |
| Product Range | Forex, CFDs, Commodities |
| Ideal For | All skill levels |
| Special Strength | Low minimum deposit |
XM Group Pros & Cons
Pros
- Minimum deposits are very low.
- Different types of accounts available (Micro, Standard, Ultra-Low)
- Ultra-Low accounts have great spreads.
- Good education available.
- Strong global regulation.
Cons
- Ultra-Low account commissions increase costs.
- Spreads are not as good as pure ECN.
- No cTrader offered.
- Research tools are limited.
- Withdrawal fees based on region.
5. easyMarkets
easyMarkets is a privately held online broker established in 2001 and based in Limassol, Cyprus. Formerly called Easy Forex, the firm has since diversified its service offerings to include forex and CFD trading on commodities, stocks, indices and even cryptocurrencies.
easyMarkets is regulated by various bodies including CySEC and ASIC, offers a simple to use trading platform, tools to manage risk (like Freeze Rate and dealCancellation), and educational tools for novice traders.
The broker usually has fixed or variable spreads which are different from raw pricing. best alternatives to FXPro for raw spread accounts are Tickmill and IC Markets which focus on ultra tight raw spreads for more cost efficient trading.
easyMarkets – Key Features
| Feature | Details |
|---|---|
| Founded | 2001 |
| Regulation | ASIC, CySEC, others |
| Platforms | Web, Mobile |
| Account Types | Standard |
| Raw Spread? | ✘ No raw spread account |
| Commission | No |
| Product Range | Forex, CFDs |
| Ideal For | New traders |
| Special Strength | Risk‑management tools (Freeze Rate) |
Easy Markets Pros & Cons
Pros
- Easy, transparent pricing.
- Innovative tools for risk (i.e. Freeze Rate, dealCancellation)
- Many pairs have fixed spreads.
- Costs are clear.
- Good support.
Cons
- No accounts with raw spreads.
- Spreads wider than ECN brokers.
- Limited advanced tools on platforms.
- Fewer instruments than other brokers.
- High-frequency scalpers will not like it.
6. ThinkMarkets
ThinkMarkets is a forex and CFD broker established in 2010, and is regulated globally with offices in Melbourne, Australia and London, UK.
They offer trading on more than 4,000 global instruments via MetaTrader 4, MetaTrader 5, and their own ThinkTrader platform, and they are regulated by a number of entities, including ASIC and FCA.
ThinkMarkets offers different account types, including a raw‑spread account with spreads of 0.0 pips and regulated, low, and competitive commissions, as well as Standard and ThinkTrader accounts that cater to varying needs of traders. Because they have a raw FXPro alternative, Tickmill and IC Markets are also excellent options pricing models.
ThinkMarkets – Key Features
| Feature | Details |
|---|---|
| Founded | 2010 |
| Regulation | ASIC, FCA |
| Platforms | MT4, MT5, ThinkTrader |
| Account Types | Standard, ThinkZero (Raw) |
| Raw Spread? | ✔ Yes (from 0.0 pips) |
| Commission | On ThinkZero |
| Product Range | Forex, Indices, Shares, Crypto |
| Ideal For | ECN traders |
| Special Strength | Proprietary chart tools |
ThinkMarkets Pros & Cons
Pros
- ThinkZero accounts have spreads around 0.0 pips.
- Strong execution.
- Strong global regulation, (ASIC, FCA)
- Research and good tools provided.
- Own ThinkTrader platform and MT support
Cons
- Raw accounts incur commissions.
- Fees due to inactivity.
- Some products unavailable in some regions.
- Some account types have higher minimums.
- Costs for CFDs may differ.
7. Vantage
Vantage Markets (previously Vantage FX) is a global multi-asset brokerage company established in 2010 that provides forex and CFD trading on currency pairs and also offers trading on index, commodity, stock, and cryptocurrency trading.
Vantage has various regulatory licenses and provides different trading platforms for both novice and experienced traders, including MetaTrader, as well as multiple accounts. While Vantage is known for competitive pricing, specific details of raw spread accounts differ by region, and traders often enjoy flexible trading conditions.
For traders like FXPro who are more concentrated on raw, spread trading, great competitors include Tickmill and IC Markets, which offer ultra-tight spreads of 0.0 pips with commission-based execution.
Vantage Markets – Key Features
| Feature | Details |
|---|---|
| Founded | 2010 |
| Regulation | ASIC, FCA, others |
| Platforms | MT4, MT5 |
| Account Types | Standard, Raw |
| Raw Spread? | ✔ Yes |
| Commission | Yes on Raw |
| Product Range | Forex, CFDs |
| Ideal For | Forex & CFD traders |
| Special Strength | Flexible leverage options |
Vantage Pros & Cons
Pros:
- Raw spread options are competitive.
- Advanced platform options (MT4/MT5).
- High speed in execution.
- Multinational regulation.
- Good offering for CFDs & forex.
Cons:
- Raw accounts have commission.
- Regional discrepancy in customer support.
- Tools for research are subpar.
- Instrument availability is comparatively limited with large brokers.
- Options for social/copy trading are limited.
8. CMC Markets
Financial services company CMC Markets is headquartered in the UK and was founded in 1989. Its founder is Peter Cruddas and it is listed on the London Stock Exchange.
It provides a self-developed platform and excellent research tools for comprehensive online trading in forex, CFDs, spread betting, and share dealing. Clients access forex pairs, indices, commodities, shares, and more.
With a competitive but not fully raw ECN pricing, CMC Markets have global reach and is highly regulated. For cheaper trading methods, Tickmill and IC Markets are best FXPro alternatives with raw spreads from 0.0 pips.
CMC Markets – Key Features
| Feature | Details |
|---|---|
| Founded | 1989 |
| Regulation | FCA |
| Platforms | Next‑Gen, MT4 |
| Account Types | Standard |
| Raw Spread? | ✘ No full raw ECN |
| Commission | No (variable spreads) |
| Product Range | Forex, CFDs, Stocks |
| Ideal For | Professional traders |
| Special Strength | Advanced proprietary platform |
CMC Markets Pros & Cons
Pros:
- Deep access to market & varied products.
- Strong proprietary platform.
- Many pairs have low variable spreads.
- Highly regulated broker in UK & listed.
- Charting & research is excellent.
Cons:
- Not a fully raw ECN—spreads widen quickly with volatility.
- Some traders are relatively higher cost.
- Pricing is complex for newbies.
- cTrader is unavailable.
- Inactivity fees on accounts.
9. AvaTrade
AvaTrade, an international forex and CFD broker established in 2006 and headquarterd in Dublin, Ireland, is a CFD and Forex broker. It offers trading on numerous markets, such as currencies, commodities, indices, stocks, options, and cryptocurrencies.
AvaTrade generally offers standard and professional accounts with fixed and floating spreads and does not offer raw ECN accounts, focusing instead on commission-free trading with spreads included in the price.
Those who prefer raw spreads and tighter execution, like FXPro, may find alternatives such as Tickmill and IC Markets, which focus on raw-spread accounts, offer low spread and low commission.
AvaTrade – Key Features
| Feature | Details |
|---|---|
| Founded | 2006 |
| Regulation | ASIC, Central Bank, others |
| Platforms | MT4, MT5, AvaTradeGO |
| Account Types | Standard |
| Raw Spread? | ✘ No |
| Commission | No |
| Product Range | Forex, CFDs |
| Ideal For | Beginners & social traders |
| Special Strength | Copy/social trading |
AvaTrade Pros & Cons
Pros:
- Friendly for beginners with spread types that are fixed & floating.
- Several platform options (MT4/MT5, AvaTradeGO).
- Information for education is decent.
- Major regions have regulation.
- Integration for social/copy trading is offered.
Cons:
- There is no option for raw spread ECN.
- Spreads are moderately wide.
- Model without commission includes costs.
- Competitiveness is lower for scalpers.
- Fees for dormancy and inactivity
10. IC Markets
IC Markets is an Australian forex and CFD broker established in 2007 and is known for its very tight and competitive commission charges on a lot of the Raw Spread accounts with an ultra spread of 0.0 pips.
IC Markets offers access to forex, commodities, indices, and more, and is regulated by ASIC, CySEC, and others. Their cTrader, and TradingView, MetaTrader 4, and MetaTrader 5, offer various functionality that is best suited for specific trading styles.
Their Raw Spread account offers low cost execution which is ideal for scalPing and algorithmic trading. Some brokers that offer competitive raw spreads and fast execution are Tickmill and FP Markets, which are good FXPro alternatives.
IC Markets – Key Features
| Feature | Details |
|---|---|
| Founded | 2007 |
| Regulation | ASIC, CySEC, FSA |
| Platforms | MT4, MT5, cTrader, TradingView |
| Account Types | Standard, Raw Spread |
| Raw Spread? | ✔ Yes (from 0.0 pips) |
| Commission | Low |
| Product Range | Forex, Commodities, Indices |
| Ideal For | Scalpers & EAs |
| Special Strength | Tight raw pricing |
IC Markets Pros & Cons
Pros:
- Exceptional accounts for raw spreads starting at 0.0 pips.
- Raw accounts incur low commission.
- Liquidity and execution speed are excellent.
- Compatible with MT4, MT5, cTrader, and TradingView.
- Supports scalping and EA trading.
Cons:
- Certain regions have higher minimum deposit requirements.
- Fees for inactivity are charged.
- Stock CFDs have worse fees.
- Proprietary research is limited.
- Varying support quality by office.
Conclusion
As an alternative to FXPro, traders looking for raw spread accounts have a number of excellent choices that place a premium on tight spreads, quick execution, and trustworthy regulation. Brokers like as FP Markets, Tickmill, IC Markets, and ThinkMarkets are notable for providing cheap commissions and spreads as low as 0.0 pips, which makes them perfect for algorithmic strategies, scalpers, and high-frequency traders.
Others, such as Vantage, XM Group, and CMC Markets, offer versatile account types and competitive trading conditions that are appropriate for novices and experts alike. In order to ensure a safe and economical trading environment, selecting the best option depends on a number of aspects, including platform preference, regulatory control, trading instruments, and account minimums.