Best Australian ECN Forex Brokers

Our best ECN broker Australia list in July 2022 is the following.


Pepperstone
IC Markets
AxiTrader
IG
ThinkMarkets
Our Rating
9.33
8.50
4.83
6.67
7.67
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
73.9% of retail investor accounts lose money when trading CFDs with this provider
71% of retail investor accounts lose money when
trading spread bets and CFDs with this provider
75.5% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
Pepperstone
IC Markets
AxiTrader
IG
ThinkMarkets
ASIC (Australia)

Brokerage

Feature
Pepperstone
IC Markets
AxiTrader
IG
ThinkMarkets
EUR/USD Avg. Raw Spread
0.17
0.02
-
0.17
0.1
GBP/USD Avg. Raw Spread
0.59
0.23
-
0.59
-
AUD/USD Avg. Raw Spread
0.24
0.17
-
0.3
-
EUR/USD Standard Spread
0.75
0.62
1.2
0.86
-
EUR/USD Fixed Spreads
-
-
Commissions (USD Base)
$3.50
$3.50
$3.50
-
$3.50
Minimum Deposit
$0
$0
$0
$450
$0
Swap Free Account
No Inactivity Fees
Funding Methods
16+
15+
12+
4+
6+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
AxiTrader
IG
ThinkMarkets
Currency Pairs
62+
61+
72+
100+
46+
Cryptocurrency CFDs*
12+
18+
11+
12+
21+
Index CFDs
14+
16+
31+
34+
21+
Share CFDs
300+
100+
-
12000+
1200+
Commodities CFD
9+
26+
16+
35+
15+
Stockbroking
-
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs: 30:1
Minor Pairs: 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
400:1
Pro 1: 100:1
Pro 2: 250:1
500:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
AxiTrader
IG
ThinkMarkets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Smart Trader Tools
ECN pricing
MetaTrader 4 specialist
Guaranteed stop loss orders
STP Order Execution

Overall