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Based on my careful review of M&G as a forex broker, I cannot confirm any details about commission charges per lot on ECN or raw spread accounts. From my experience, this lack of transparency is a major concern when evaluating a broker. M&G primarily presents itself as an asset management and investment provider, not as a specialized forex or CFD broker offering ECN-style trading. The platform documentation indicates that fees are calculated annually and based on the value of investments, rather than on a per-lot basis typically seen with ECN or raw spread forex accounts. Furthermore, the absence of precise fee structures, particularly those directly tied to lot sizes or raw spreads, is problematic for anyone seeking clarity before committing funds. I always look for detailed, upfront information about all trading costs, as these can significantly impact profitability. With M&G’s exceeded FCA regulatory status and various user reports of problems with withdrawals, it’s prudent to approach with significant caution. I would not engage in trading with any broker unless I could independently verify their commission model, trading conditions, and regulatory standing. In this case, I have found no concrete evidence that M&G charges or even offers ECN or raw spread accounts—and this uncertainty itself is reason enough for me to look elsewhere.