• ic markets logo IC Markets – Best MT5 forex broker overall
  • pepperstone logo Pepperstone – Top MT5 broker with great spreads
  • FxPro Logo FxPro – Good broker for MT5 execution speed
  • fpmarkets logo FP Markets – Best broker with MT5 Islamic account
  • thinkmarkets logo Thinkmarkets – Top broker for range of markets for MT5
  • AvaTrade Logo Avatrade – Good broker with MT5 crypto trading

IC Markets
Pepperstone
FP Markets
ThinkMarkets
AvaTrade
Our Rating
8.83
9.17
8
7.67
5
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
79.8% of retail investor accounts lose money when trading spread bets and CFDs with this provider
The vast majority of retail investor accounts lose money when trading CFDs.
78.94% of retail investor accounts lose money when trading CFDs with this provider
79% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
IC Markets
Pepperstone
FP Markets
ThinkMarkets
AvaTrade
ASIC (Australia)
FCA (UK)
Central Bank of Ireland
MAS (Singapore)
CYSEC (Cypus)

Brokerage

Feature
IC Markets
Pepperstone
FP Markets
ThinkMarkets
AvaTrade
EUR/USD Avg. Raw Spread
0.1
0.09
0.01
0.1
GBP/USD Avg. Raw Spread
0.4
0.59
0.2
AUD/USD Avg. Raw Spread
0.2
0.17
0.2
EUR/USD Standard Spread
1.1
1.09
1.2
1.30 Retail
0.90 Professional
EUR/USD Fixed Spreads
1.2
0.9
Commissions (USD Base)
$3.50
SGD 4.50
$3.50
SGD 4.55
USD $3.00
$3.5 per side
Commission Rebates
Minimum Deposit
USD $200
USD $200
$0
USD $100
Swap Free Account
No Inactivity Fees
Funding Methods
15
16
6
7
No Funding Fees

Markets and Instruments

Feature
IC Markets
Pepperstone
FP Markets
ThinkMarkets
AvaTrade
Currency Pairs
65+
66+
61+
38+
60+
Cryptocurrency CFDs
10+
4+
5+
5+
11+
Index CFDs
16+
14+
14+
21+
15+
Share CFDs
100+
63+
12,986+
1200+
99+
Commodities CFD
19+
4+
4+
10+
16+
Stockbroking
Retail Max. Leverage
30:1 (Cysec)
500:1 (ASIC/International)
30:1 (FCA)
500:1 (ASIC)
50:1 (DFSA)
500:1
500:1
400:1 (Intl)
30:1 (UK/Europe)
Professional Leverage
500:1
500:1
500:1
500:1
400:1

Trading Platforms + Tools

Feature
IC Markets
Pepperstone
FP Markets
ThinkMarkets
AvaTrade
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss

(available only where European regulation applies)
Guaranteed Neg Protection
Cysec Regulation Only

only with FCA regulation
Europe only

(available only where European regulation applies)
Demo Account
Unique Feature 1
ECN pricing
Smart Trader Tools
Fastest Limit Order Execution Speed
STP Order Execution
Choice of social trading tools
Unique Feature 2
No funding fees
Fast Execution Speed
low spreads
Uptime record of 99.99%
Sign on bonus available

Overall