Is a Raw Spread Account Cheaper Than a Standard Account?
IC Markets' own schedule, converted to pips: the $0-tier raw account costs 0.80 all in, exactly Standard's 0.8 floor. The break-even rule, worked.
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IC Markets' own schedule, converted to pips: the $0-tier raw account costs 0.80 all in, exactly Standard's 0.8 floor. The break-even rule, worked.
Both raw accounts charge $3.50 a side on forex: $7.00 round turn, 0.70 pips a lot. Both schedules, plus the 0.30-pip Raw vs Standard crossover.
Two broker-facing platforms' bills, one published and one reported, get converted to a common unit. One published price card works out at $5.00 per live account per month, the other's reported entry tier at $3.93 — and then the two definitions of an active account turn out not to match.
Two low-cost schedules converted into the only unit that permits comparison — pips per standard lot, round turn. One raw account prices at 0.45 before spread, the other at 0.60, and neither figure is an average.
A London-listed parent, a British Virgin Islands onboarding entity, and a published cost page with no numbers on it. The disclosure is the story, and the August guidance cut is where the red pen lands.
The raw-spread specialist, audited on its own published numbers. The pricing story holds up under conversion; the entity structure and the support desk are where the red pen goes.
Two account types, a published commission schedule, and a serious regulatory footprint — audited to the pip. The pricing adds up; the platform catalogue is where the costs hide.