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Based on my review and experience analyzing IndiaNivesh, I found that there is no available evidence of commission structures specifically for ECN or raw spread account types. In fact, IndiaNivesh does not appear to offer these account models at all. According to publicly accessible information, IndiaNivesh operates as an unregulated brokerage focusing primarily on Indian market assets such as equities, derivatives, and currencies, but there is no mention of standard forex ECN or raw-spread accounts—features one would expect with direct-market-access and transparent commission schedules per lot. As an active trader, the lack of transparency on fundamental details like commissions or account types is a major concern. In my experience, regulated brokers with ECN offerings typically outline commission rates clearly to help traders assess total trading costs. Here, the absence of both recognized regulation and detailed fee disclosures increases my hesitation. More importantly, IndiaNivesh’s “no valid regulation” status means I would not feel secure trading larger volumes, especially in forex, where fee structures and client protections matter greatly. In summary, based on the current information, I cannot determine any commission per lot, nor can I confirm the presence of ECN or raw spread accounts with IndiaNivesh. For my trading, I require clear cost structures and regulatory oversight—which are both notably lacking here. I would advise anyone to proceed very cautiously and prioritize safety and transparency above all when selecting a broker.