ConceptBeginner
Raw Spread
The unmodified bid-ask spread as received directly from liquidity providers, before any broker markup is applied.
Last updated: February 10, 2026
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Liquidity providers stream their best bid and ask prices to the broker.
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The raw spread is the difference between the best available bid and ask across all LPs.
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This spread represents the actual market cost with zero broker markup.
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In a raw spread account, the broker charges a separate commission instead of embedding profit in the spread.
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The client sees the same prices the broker receives from LPs.