Best MT4 ECN Platforms

Here is our list of the best MT4 ECN forex brokers



Pepperstone
IC Markets
FP Markets
AxiTrader
FxPro
Our Rating
9.17
8.83
8
4.83
7.46
Most Awarded Broker
Lowest Spreads
FP Markets don't provide % of clients who lose money
Good for MetaTrader 4 traders
80.59% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider

Regulations and Licenses

Feature
Pepperstone
IC Markets
FP Markets
AxiTrader
FxPro
ASIC (Australia)
FCA (UK)
FSCA (South Africa)
Pending
CYSEC (Cypus)
Dubai (DFSA)

Brokerage

Feature
Pepperstone
IC Markets
FP Markets
AxiTrader
FxPro
EUR/USD Avg. Raw Spread
0.16
0.10
0.01
0.44
0.37
EUR/USD Standard Spread
1.16
1.10
1.2
1.2
1.58
Commissions (USD Base)
$3.50
$3.50
USD $3.00
USD
USD$0.45 (cTrader)
Commission Rebates
Minimum Deposit
$200
$200
$100
$0
$500 Recommended
Swap Free Account
No Inactivity Fees
Funding Methods
16
15
8
12
4
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
FP Markets
AxiTrader
FxPro
Currency Pairs
66
65
61+
80+
70+
Cryptocurrency CFDs
6
10
5+
6+
Index CFDs
15
16
14+
31+
24+
Share CFDs
64
100
12,986+
150+
Commodities CFD
22
19
4+
28+
10+
Retail Max. Leverage
500:1
500:1
500:1 ASIC
30:1 CySEC
400:1 (ASIC)
30:1 FXProGLobal Markets
500:1 FXPro Financial Services
Professional Leverage
500:1
500:1
500:1
400:1 (ASIC)
500:1

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
FP Markets
AxiTrader
FxPro
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
ESMA regulated territories only
(CySEC only)
ESMA regulated territories only
ESMA regulated territories only
Demo Account
Unique Feature 1
Best Customer Service
ECN pricing
Fastest Limit Order Execution Speed
MetaTrader 4 specialist
1,300,000 client accounts
Unique Feature 2
Fast Execution Speed
Range of fee free funding options
IRESS Trading Platform
Award-winning customer service
Avg execution time 11.06 ms

Overall