Raw Spread Account Guide — May 2026
JustMarkets Raw Spread Account — 0.0 Pip EUR/USD, $3/Lot Commission — Who It Is Really For 2026
The JustMarkets Raw Spread account offers direct liquidity provider pricing — spreads from 0.0 pip on EUR/USD — with a fixed $3 per lot per side commission. It is the lowest-spread option at JustMarkets but not the cheapest for most retail traders. This guide covers exact commission costs, when Raw Spread beats Pro, when it does not, who this account is genuinely designed for, and the one important exclusion: no deposit bonus on any Raw Spread account.
- 1 What is the Raw Spread account — how it actually works
- 2 Full account specifications
- 3 True cost calculation — Raw Spread vs Pro vs Standard
- 4 When Raw Spread is actually cheaper than Pro
- 5 When Pro is cheaper — the majority of retail cases
- 6 Raw Spread on gold — XAU/USD cost breakdown
- 7 No deposit bonus — what this means
- 8 Who the Raw Spread account is genuinely for
- 9 How to open a Raw Spread account
- 10 FAQ — JustMarkets Raw Spread Account
What Is the Raw Spread Account — How It Actually Works
The JustMarkets Raw Spread account sources prices directly from liquidity providers without adding a spread markup. This means EUR/USD spreads are typically 0.0–0.2 pip during active sessions — the raw interbank bid-ask quote. However, to generate revenue on commission-free spread accounts, JustMarkets charges a fixed commission of $3 per lot per side on every trade.
This $3/side structure means: open 1 standard lot EUR/USD = pay $3 commission immediately. Close that position = pay another $3 commission. Total round-trip commission: $6. This cost is fixed regardless of how long the position is held or how far price moves.
JustMarkets Raw Spread Account — Full Specifications
True Cost Calculation — Raw Spread vs Pro vs Standard
EUR/USD round-trip cost per standard lot by account type
| Account | Spread cost (1 lot) | Commission (RT) | Total round-trip | Break-even pips |
|---|---|---|---|---|
| Standard (~0.4 pip) | ~$8.00 | None | ~$8.00 | 8 pips |
| Pro (~0.1 pip) | ~$2.00 | None | ~$2.00 | 2 pips |
| Raw Spread (~0.0 pip) | ~$0.00 | $6.00 | ~$6.00 | 6 pips |
Monthly trading cost — 100 standard lots per month
| Account | Cost per round-trip | 100-lot monthly cost | vs Pro saving |
|---|---|---|---|
| Standard | ~$8.00 | ~$800 | -$600 vs Pro |
| Pro | ~$2.00 | ~$200 | — |
| Raw Spread | ~$6.00 | ~$600 | -$400 vs Pro |
When Raw Spread Is Actually Cheaper Than Pro
Raw Spread beats Pro in one specific scenario: when the spread savings per pip accumulate to more than $4 per lot round-trip. This happens when:
- ✓You trade instruments where Raw Spread's absolute spread is 0.4+ pip tighter than Pro
- ✓You execute 20+ standard lots per session — at very high volume, the per-pip saving multiplies significantly
- ✓You hold positions for very short durations (1–10 pips target) where entry cost is a disproportionate share of total trade economics
- ✓You have a systematic EA that generates 500+ trades per month at 1+ lot — the cumulative spread saving at scale outweighs the commission difference
When Pro Is Cheaper — The Majority of Retail Scenarios
Pro beats Raw Spread in these common situations:
- ✓Any position under 20 standard lots per day — commission dominates over spread savings
- ✓Gold (XAU/USD) swing trading — Pro gold total cost ≈ Raw Spread gold total cost at most retail sizes
- ✓Traders using the 120% deposit bonus — bonus provides $240 extra capital on $200 deposit, which Pro receives and Raw Spread does not
- ✓Overnight position holding — Pro has no commission; Raw Spread commission is $6 per lot regardless of hold time
- ✓Any instrument where Raw Spread spreads are less than 0.4 pip tighter than Pro
Raw Spread on Gold (XAU/USD) — The Detailed Cost Breakdown
| Account | XAU/USD spread (active session) | Commission | Total per 1 lot (100 oz) | Per 0.01 lot (1 oz) |
|---|---|---|---|---|
| Standard | ~$0.25 | None | ~$25.00 | ~$0.25 |
| Pro | ~$0.12 | None | ~$12.00 | ~$0.12 |
| Raw Spread | ~$0.05 | $6 RT | ~$11.00 | ~$6.05 |
No Deposit Bonus on Raw Spread — What This Means
The Raw Spread account is excluded from all JustMarkets promotional programmes, including the 120% deposit bonus and the $30 no-deposit welcome credit. This is a structural distinction — Raw Spread is positioned as a professional ECN-style account, and bonus programmes are not applied to this account type.
The practical impact: a Standard or Pro account holder depositing $200 with the 120% bonus active receives $240 in bonus trading capital, for $440 total. A Raw Spread holder depositing $200 receives exactly $200 — no bonus. Over a year of trading, this $240 bonus represents real extra margin that Standard and Pro account holders benefit from and Raw Spread holders do not.
Who the Raw Spread Account Is Genuinely Designed For
- High-frequency scalpers executing 20+ standard lots per day consistently
- Algorithmic EA traders whose backtests are based on raw spread pricing and commission costs are already factored into the strategy P&L model
- Professional traders who specifically require ECN-style direct liquidity provider pricing for strategy transparency
- Traders who have verified — through live testing — that their specific strategy profits from sub-0.1-pip spreads at high volume
- Retail traders under 20 standard lots per day — Pro will be significantly cheaper
- Traders who want the 120% deposit bonus — excluded on Raw Spread
- Beginners — Standard Cent or Standard is more appropriate
- Gold swing traders — Pro and Raw Spread are nearly identical on gold at retail sizes; Pro wins for smaller positions
- Anyone who has not first tested on Standard or Pro to confirm their strategy generates sufficient volume to justify commission costs
How to Open a JustMarkets Raw Spread Account
You will be directed to the JustMarkets registration form.
Your country determines your regulated entity.
Choose Raw Spread from the account type dropdown. Select MT4 or MT5.
Click the verification link sent by JustMarkets.
Upload government-issued photo ID and proof of address dated within 3 months.
Skip the Promotions tab — no bonus applies to Raw Spread accounts.
Funds → Deposit → minimum $200. Spreads from 0.0 pip + $3/lot commission from first trade.
Open a JustMarkets Raw Spread Account — From $200
0.0 pip EUR/USD · $3/lot commission · 1:3,000 leverage · MT4 & MT5 · No bonus programmes