Updated 2026
Raw-spread (or 'razor') accounts pass interbank pricing directly to clients, with EUR/USD spreads regularly touching 0.0 pips, and charge a per-lot commission instead. This model is almost always cheaper than a spread-markup account for active traders executing more than a few lots per day. Compare the all-in cost - spread plus commission - rather than headline spread alone.
6 brokers
IC Markets offers Shares CFDs on 2,000+ global stocks via MT5 and IRESS, combining its benchmark ECN infrastructure with direct equity access - a strong complement to its core forex offering for active traders who also need equity exposure.
Read ReviewFP Markets offers direct-access share CFD trading via IRESS alongside standard MT4/MT5/cTrader share CFDs - a differentiated dual-model approach under ASIC and CySEC regulation that suits both ECN forex traders and equity-focused clients.
Read ReviewPepperstone offers share CFDs on 1,000+ global stocks across MT4, MT5, cTrader, and TradingView under FCA and ASIC regulation - a convenient route to equity CFD exposure for existing Pepperstone traders without switching brokers.
Read ReviewThinkMarkets offers share CFDs on 3,000+ global stocks via MT4, MT5, and ThinkTrader under FCA and ASIC regulation - a well-regulated mobile-first broker with competitive share CFD pricing for active equity traders.
Read ReviewBlackBull Markets offers share CFDs on 23,000+ global stocks via MT4, MT5, cTrader, TradingView, and IRESS under FMA and FSA regulation - one of the widest stock CFD ranges among ECN-adjacent brokers, with genuine DMA access via IRESS.
Read ReviewAxi offers share CFDs on 700+ global stocks via MT4 and Axi One under ASIC and FCA regulation - a straightforward ECN-adjacent broker for existing Axi clients who want to add equity CFD exposure to their multi-asset account.
Read ReviewWhen comparing Raw Spreads brokers, prioritise regulatory standing, pricing, platform reliability, and customer support. Our list ranks brokers by overall rating across all these criteria.
We currently list 6 stock brokers with Raw Spreads. The full list above is sortable by rating, commissions, and minimum deposit.
Raw Spreads can be appropriate for beginners depending on your goals. We recommend opening a demo account first so you can explore the feature risk-free before committing real capital.
Regulation varies by broker. All brokers in our list display their primary regulatory authority. Always verify a broker's licence directly with the regulator's official register before depositing funds.
Choose a broker from the list above, click through to their full profile, and compare pricing, platforms, and regulation. Most brokers offer a free demo account, so you can test the platform before depositing.
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