Understanding Raw Spread Pricing

Raw Spread pricing passes on interbank rates directly to the trader, with costs made transparent through a separate per-lot commission rather than a hidden markup baked into the spread.

For high-frequency and volume traders, this transparency compounds — small differences in spread and commission structure can materially affect net returns over hundreds of trades.

Understanding your true cost per trade, including commission and any overnight swap, is a foundational step before scaling position size or trading frequency.