Australian-ECN-Brokers-snippet-imageBest ECN Brokers Australia 2020 List

The Compare Forex Brokers team have evaluated the top brokers to determine the best Australian ECN forex brokers.

  • IC Markets has the lowest ECN spreads
  • Pepperstone is the best MetaTrader 4 ECN forex broker
  • GO Markets is the best MetaTrader 5 ECN forex broker
  • AxiTrader has the lowest ECN broker minimum deposit
  • Global Prime has the best customer support

Broker Reviewed

Pepperstone
IC Markets
Global Prime
AxiTrader
Go Markets
Our Rating
9.17
8.83
7.17
7.33
6.83
Most Awarded Broker
Best Spread Broker
Good for MetaTrader 4 traders
68.3% of retail CFD accounts lose money

Regulations and Licenses

Feature
Pepperstone
IC Markets
Global Prime
AxiTrader
Go Markets
ASIC (Australia)

Brokerage

Feature
Pepperstone
IC Markets
Global Prime
AxiTrader
Go Markets
EUR/USD Avg. Raw Spread
0.13
0.10 Raw Account
0.0
0.44
0.2
GBP/USD Avg. Raw Spread
0.51
0.40 Raw Account
N/A
0.85
0.5
AUD/USD Avg. Raw Spread
0.18
0.20 Raw Account
N/A
0.42
0.2
EUR/USD Standard Spread
1.13
1.10
1.2
EUR/USD Fixed Spreads
N/A
Commissions (USD Base)
AUD $3.50
$3.50
$3.50
USD
AUD$3.0 (side)
Commission Rebates
No
Minimum Deposit
$200
$200
$200
$0
AUD$200
Swap Free Account
No
No Inactivity Fees
Funding Methods
16
15
4
12
8
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
Global Prime
AxiTrader
Go Markets
Currency Pairs
66+
65+
46+
80+
50+
Cryptocurrency CFDs
4+
10+
5+
6+
5+
Index CFDs
2+
16+
13+
31+
14+
Share CFDs
5+
100+
2000+
Commodities CFD
4+
19+
8+
28+
4+
Stockbroking
Retail Max. Leverage
500:1
500:1
100:1
400:1 (ASIC)
500:1
Professional Leverage
500:1
500:1
200:1
400:1 (ASIC)
500:1

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
Global Prime
AxiTrader
Go Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
ESMA regulated territories only
Guaranteed Neg Protection
ESMA regulated territories only
ESMA regulated territories only
ESMA regulated territories only
Demo Account
Unique Feature 1
Smart Trader Tools
ECN pricing
Wide range of CFDs
MetaTrader 4 specialist
Low commission fees
Unique Feature 2
Fast Execution Speed
Range of fee free funding options
30bn+ Average monthly volume traded
Award-winning customer service
Tight spreads

Overall