RCG Raw Account Meaning

@chaka_muanzi - 8 months ago - Forex Brokers

Somebody help explain the difference between RCG Markets Raw Account and RCG Markets ECN Account. I thought raw accounts come with commission charges but the RCG Raw Account does not seem to have any commissions. Thanks

@quentin_ubuma - 8 months ago

The RCG Markets Raw Account type offers spread as low as 0.0 pips on certain popular instruments only while the other instruments are charged a spread from 1 pip.

Whenever RCG Raw Account charges you raw spreads from 0.0 pips, they will require you pay a commission in return, so I will say the RCG Raw Account is a hybrid between a Standard Account and an ECN Account.

Unlike the Standard Account, the RCG Raw Account requires your account balance is up to a certain amount before you can open a trade.

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@asamoah_the_great - 8 months ago

The Raw Account on RCG Markets is a trading account type that offers competitive spreads starting from 0 pips, with no markups or commissions, and is suitable for experienced traders who want direct market access and tight spreads

An ECN (Electronic Communication Network) Account is a type of trading account that connects traders directly to the market, allowing them to interact with other traders and liquidity providers.

Key Features:

- Variable spreads

- Commission fees apply ($7)

- Direct market access (DMA) execution model