Best MT4 ECN Platforms

Here is our list of the best MT4 ECN forex brokers


Pepperstone
IC Markets
FP Markets
AxiTrader
FxPro
Our Rating
9.33
8.50
8
4.83
7.46
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
The vast majority of retail investor accounts lose money when trading CFDs.
73.9% of retail investor accounts lose money when trading CFDs with this provider
76.14% 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)
CYSEC (Cypus)
DFSA (Dubai)
BaFin (Germany)
SCB (Bahamas)

Brokerage

Feature
Pepperstone
IC Markets
FP Markets
AxiTrader
FxPro
EUR/USD Avg. Raw Spread
0.17
0.02
0.20
-
0.34
GBP/USD Avg. Raw Spread
0.59
0.23
0.40
-
0.43
AUD/USD Avg. Raw Spread
0.24
0.17
0.30
-
0.81
EUR/USD Standard Spread
0.75
0.62
1.30
1.2
1.52
EUR/USD Fixed Spreads
-
-
1.79
Commissions (USD Base)
$3.50
$3.50
$3.00
$3.50
$4.50
Minimum Deposit
$0
$0
$100
$0
$0
Swap Free Account
No Inactivity Fees
Funding Methods
16+
15+
10+
12+
4+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
FP Markets
AxiTrader
FxPro
Currency Pairs
62+
61+
63+
72+
69+
Cryptocurrency CFDs*
12+
18+
4+
11+
30+
Index CFDs
14+
16+
14+
31+
24+
Share CFDs
300+
100+
12,986+
-
150+
Commodities CFD
9+
26+
7+
16+
21+
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 200:1
Pro. Max Leverage (Australia)
500:1
500:1
500:1
400:1
-
Retail Max. Leverage (The United Kingdom)
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 (The United Kingdom)
500:1
-
500:1
400:1
200:1
Retail Max. Leverage (Europe)
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 (Europe)
500:1
500:1
500:1
400:1
200:1
Retail Max. Leverage (UAE)
Major Pairs 30:1
Minor Pairs 20:1
-
-
Major Pairs 30:1
Minor Pairs 20:1
-
Pro. Max. Leverage (UAE)
500:1
-
-
400:1
-
Pro. Max. Leverage (Kenya)
-
-
-
-
-
Pro. Max. Leverage (South Africa)
-
-
-
-
200:1
Retail Max. Leverage (With offshore regulators)
200:1
500:1
500:1
500:1
200:1

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

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
FP Markets
AxiTrader
FxPro
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
Fastest Limit Order Execution Speed
MetaTrader 4 specialist
1,300,000 client accounts

Overall

Pepperstone
IC Markets
FP Markets
AxiTrader
FxPro