What is a Raw Spread Account
What is a Raw Spread Account?
A raw spread account, also known as an ECN (Electronic Communication Network) account, provides access to interbank liquidity with minimal markup. Instead of the broker adding a spread markup (e.g., 1-2 pips), you pay a small fixed commission per lot traded. This structure is ideal for traders who prioritize low spreads and transparency.
How Does It Work for Armenia Traders?
When you open a raw spread account, your trades are matched directly with liquidity providers. The spread you see is the raw market spread, often 0.0 pips for major pairs like EUR/USD. The broker earns through a commission, typically $3.50 per standard lot per side. For example, if you trade 1 lot of USD/JPY, you pay $3.50 when opening and $3.50 when closing, totaling $7. This is significantly cheaper than a standard account where the spread might be 1.5 pips, costing $15 per lot.
Why Choose a Raw Spread Account in Armenia?
Armenia traders often face high spreads on standard accounts, eating into profits. With USD as the base currency for many trades, a raw spread account reduces costs by up to 50% for frequent traders. Additionally, brokers accepting Armenia clients often support local payment methods like Bank Transfer, Skrill, and USDT, making deposits and withdrawals seamless. Scalpers and day traders benefit the most, as every pip saved adds to the bottom line.
Key Features for Armenia Traders
- Low Spreads: As low as 0.0 pips on major pairs like EUR/USD, GBP/USD.
- Fixed Commission: Typically $3-$7 per lot per side, transparent and predictable.
- ECN Execution: Faster order execution with no requotes, ideal for volatile markets.
- USD Denomination: Most raw spread accounts are denominated in USD, matching Armenia traders' preferred currency.