Best Australian ECN Forex Brokers

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


Pepperstone
IC Markets
AxiTrader
IG
ThinkMarkets
Our Rating
9.33
8.50
4.83
6.67
7.67
Fast Execution Speed
No Dealing Desk
MetaTrader 4 specialist
Guaranteed stop loss orders
STP Order Execution

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
1.13
-
EUR/USD Fixed Spreads
-
-
-
-
Commissions (USD Base)
$3.50
$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
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

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

Overall

Pepperstone
IC Markets
AxiTrader
IG
ThinkMarkets
Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 9.33 ASIC, FCA
CySEC, DFSA
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 8.50 ASIC, FSA
CySEC
0.02 0.23 0.17 130ms $0 61+ 18+ 30:1 500:1
Visit Broker > 4.83 DFSA, FCA
ASIC
- - - 130ms $0 72+ 11+ 30:1 400:1
Visit Broker > 6.67 ASIC, CySEC
FCA,FMA
0.17 0.59 0.3 140ms $450 100+ 12+ 30:1 200:1
Visit Broker > 7.67 FCA, FSCA
ASIC,FINMA
0.1 - - 140ms $0 46+ 21+ 30:1 500:1