Broker Reviewed

Pepperstone
IC Markets
Interactive Brokers
AxiTrader
Hugosway
Our Rating
9.17
8.83
8.17
7.33
3.86
Most Awarded Broker
Best Spread Broker
66% of retail investor accounts lose money when trading CFDs
Good for MetaTrader 4 traders
Hugosway Is Not regulated

Regulations and Licenses

Feature
Pepperstone
IC Markets
Interactive Brokers
AxiTrader
Hugosway
ASIC (Australia)
FCA (UK)
MAS (Singapore)
CFTC (U.S.A)
FSCA (South Africa)
Pending
IIROC (Canada)
FMA (New Zealand)

Brokerage

Feature
Pepperstone
IC Markets
Interactive Brokers
AxiTrader
Hugosway
EUR/USD Avg. Raw Spread
0.13
0.10
0.44
0.7 pips
GBP/USD Avg. Raw Spread
0.51
0.40
0.85
N/A
AUD/USD Avg. Raw Spread
0.18
0.20
0.42
N/A
EUR/USD Standard Spread
1.13
1.10
1.2
EUR/USD Fixed Spreads
N/A
Commissions (USD Base)
AUD $3.50
USD $3.50
USD $1mil = 0.20% (IBKR)
USD $2mil = 0.20% (IBKR)
USD $5mil = 0.10% (IBKR)
Over USD $5mil = 0.08% (IBKR)
USD
$5 USD side-ways
$10 Round-Turn
Commission Rebates
Minimum Deposit
$200
USD $200
$0
$0
$100 USD
Has Islamic Account
No Inactivity Fees
$15 per month
Funding Methods
16
15
4
12
4
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
Interactive Brokers
AxiTrader
Hugosway
Currency Pairs
66+
65+
115+
80+
55
Cryptocurrency CFDs
4+
10+
6+
31
Index CFDs
2+
16+
26+
31+
11
Share CFDs
5+
100+
1000+
104
Commodities CFD
4+
19+
28+
6 Metals
3 Energies
Stockbroking
50,000+
Retail Max. Leverage
500:1
500:1
33:1
400:1 (ASIC)
500:1
Professional Leverage
500:1
500:1
400:1 (ASIC)
500:1

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
Interactive Brokers
AxiTrader
Hugosway
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
ESMA regulated territories only
ESMA regulated territories only
ESMA regulated territories only
Demo Account
Unique Feature 1
Smart Trader Tools
ECN pricing
125 Markets, 31 Countries, 22 Currencies
MetaTrader 4 specialist
Funding with Bitcoin, VLoad
Unique Feature 2
Fast Execution Speed
Range of fee free funding options
Earn interest on idle cash balances automatically
Award-winning customer service
Two Factor Authentication

Overall

Pepperstone
IC Markets
Interactive Brokers
AxiTrader
Hugosway