Raw vs standard accounts: what's the difference in plain language?

A standard account usually charges no commission but has a wider spread. A raw account shows near-zero spreads but charges commission per lot. The total cost can be lower or higher depending on how you trade.

How did you choose?

• your account type and why
• whether you compared the total cost per trade on both
• which is cheaper for your trade size and frequency

Worked cost comparisons are exactly what this thread is for. The trading costs guide has the formula.