Exness Raw Spread account: how the spread and commission work

What the Raw Spread account is

The Raw Spread account is one of the Exness professional account types, alongside the Pro and Zero accounts. Its pricing has two parts:

• Spread: the difference between the buy (ask) and sell (bid) price. On Raw Spread it is quoted from 0 pips.
• Commission: a fixed charge per lot, up to 3.50 USD each side per lot.

A lot is the standard unit of trade size. A pip is the small price step that spreads and price moves are measured in.

Exness describes the account as "Lowest spreads with fixed commission per lot. Market execution." Market execution means your order fills at the price available when it reaches the server. You do not get a requote, but the fill price can differ from the price on your screen.

The conditions below are taken from the Exness website and Help Center as they read when we checked them. They can change. Always confirm the current values in your Exness Personal Area or on the official site before you trade.

Key conditions

Some notes on the table:

• Spreads move. "From" is the lowest quoted value, not a guarantee. Spreads can widen during news, at session opens and in thin markets.
• Stop out on stocks. Exness sets stop out higher during the daily break hours of stocks. Exness also notes that 0% stop out not supported in some countries; may vary.
• Leverage. Unlimited leverage is not given by default. It requires the following on real accounts: equity below 5,000 USD and at least 10 closed orders totalling 5 lots or more across real accounts. Leverage limits can also be tighter around news. See Leverage for details.
• Margin terms. Margin call is the warning level of margin. Stop out is the level at which positions are closed automatically. Both are explained on Margin call and stop out.

How the commission is charged

The commission is quoted each side per lot. You pay it when the position opens and again when it closes. A full trade, open plus close, therefore costs the per-side commission on both sides, multiplied by your lot size.

The commission depends on the instrument. For example:

• XAUUSD (gold): Raw Spread 3.5 USD, Zero 5.5 USD per lot per side
• USTEC (Nasdaq-100): Raw Spread: 0.3125 USD per lot per side, Zero: 0.625 USD per lot per side

Check the commission for your specific symbol in the contract specifications in the Personal Area or the platform before you trade. Also check that the instrument is offered on this account type. For general background, see Commissions and All fees.

Cost example: how to add up one trade

On a Raw Spread account, the cost of a round trip is made of three parts:

• Spread cost: the spread in pips × pip value × lot size.
• Opening commission: the per-side commission × lot size.
• Closing commission: the per-side commission × lot size.

Take a gold trade. The spread on XAUUSD may be close to the raw level at that moment. Gold's contract size is 100 troy ounces, so the pip value per lot is large. On top of the spread, you pay the per-side commission from Raw Spread 3.5 USD, Zero 5.5 USD per lot per side when you open and again when you close.

Swaps (overnight financing) are separate from this. See Swap fees. Accounts registered from Pakistan are on Exness's list of countries that get swap-free status automatically. Confirm the status on your own account in the Personal Area; see Swap-free accounts.

To see the result in money and pips for your own lot size and prices, use the calculator:

Enter the entry and exit prices, then subtract the commission for both sides. You then see what the price has to move just to cover costs.

Who this cost structure suits

This section is about mechanics, not a recommendation.

Many trades, small targets. Scalpers and other high-frequency traders aim for a few pips per trade. For them, the spread is a large share of each target. A low raw spread plus a known commission makes the cost per trade predictable, and that matters more the more trades you place.

Automated trading. Expert advisors that trade often benefit from a fixed, countable commission when you test them and keep records.

Fewer trades, wider targets. If you hold positions for many pips, the spread is a small share of the move. The difference between commission-free and commission accounts then shrinks.

Very small lot sizes. At small sizes the commission and the spread are both small in money terms. The account comparison then matters less than the minimum deposit.

The only way to know which account is cheaper for you is to compare the total cost per trade. On commission-free accounts, that is the spread alone. On Raw Spread, it is the spread plus commission on both sides. Make the comparison on the instruments and at the hours you actually trade.

Comparison with other account types

Other differences between these accounts:

• Pro uses instant execution on most instruments, which can involve requotes.
• Raw Spread and Zero use market execution.
• Zero aims for zero spread on its main instruments for most of the day, with a commission that varies by instrument.

For full details, see Account types, Pro account, Zero account and Standard account.

Opening and testing the account

Registration creates a real Standard MT5 account and a demo Standard MT5 account. A Raw Spread account is added separately from the Personal Area. See Additional accounts.

Demo accounts are available for the Raw Spread type. A demo lets you watch real spreads and commissions without risking money. See Demo account.

Risk and the legal position in Pakistan

Leveraged CFD and forex trading can lose money fast. A low spread does not reduce market risk. High leverage multiplies both gains and losses.

Exness says that when a stop out would leave a negative balance, the balance reset to 0 after stop out. That limits losses to the deposit; it does not prevent them. See Risk management.

Note also that per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). Read Is Exness legal before you open any account.

Frequent questions

What is the Exness Raw Spread commission?

Exness lists it as up to 3.50 USD each side per lot. It is charged when a trade opens and again when it closes. The amount depends on the instrument, so check the specification for your symbol.

Is the spread always zero?

No. It is quoted from 0 pips. That is the lowest level, and it can widen in volatile or thin markets.

What is the minimum deposit?

Exness states from 200 USD, depending on geographic region. Check the amount shown for your region in the Personal Area. See Minimum deposit.

Is Raw Spread cheaper than Standard?

It depends on how you trade. Compare the spread plus commission on both sides with the Standard spread on your instruments, using the profit calculator on this page.

Does Raw Spread use requotes?

It uses market execution, so orders fill at the available market price. The fill price can differ from the price on your screen.

Can I try it on a demo?

Yes. Exness offers demo accounts for all types except Standard Cent.