Awards – Broker Of The Year Awards 2024

The DayTrading.com Broker Awards for 2024. The trading landscape continues to see big changes and significant challenges – our Awards acknowledge those brands that have adapted best, continued to innovate and maintained a customer focus.

In addition to Best Overall Broker, Best Forex Broker and Best Trading App, we also award a Best US, and Best Aus, Broker Award in what are fairly unique markets.

From depth of markets and investments to customer service, we have tried to include every aspect of what makes a broker stand out. In a hugely competitive arena, spreads and trading costs remain important, as does the trading platform itself.

In addition, post ESMA, we have looked at the overall health of a firm too, and how they are helping customers trade responsibly, and profitably.

With some notable brands taking actions that clearly disregarded the best interests of their customers in recent years, we have awarded firms who treat customers fairly.

Below we detail the winners and explain the basis on which we made each Award decision. We also mention notable runners up where the call was close. Feel free to send us your feedback and contribute to the winners and losers over the next 12 months.

best forex broker award 2024Best Forex Broker Award

Winner: Pepperstone

Runners Up:  Eightcap
Pepperstone offer a superb platform for trading forex, and continue to offer traders unique insight via their market analysts. Reliable and swift trading provide traders with everything they need.

Strong regulation, high user satisfaction and a solid balance sheet back up Pepperstone as a great choice for anyone looking to speculate on foreign exchange.

IC Markets and Eightcap also offer solid all-round offerings, but were pipped by Pepperstone in the forex category.

best binary broker award 2024Best Binary Broker Award

Winner: IQ Cent

Runner Up: Pocket Option

IQ Cent continue to expand their offering. With binary and digital options coming under further scrutiny, IQ Cent are still able to offer their services to traders around the world, and boast a solid reputation.

With a slick platform and considerable market depth, traders are able to access most major markets with clear risk management expectations and simplified strategies.

Recent additions of Marketplace rewards illustrate the brands constant push for higher user retention.

Pocket Option – 2022 winners – continue to offer a solid service too, again, available to most nations around the world.

best us broker award 2024Best US Broker Award

Winner: Forex.com

Runner Up: Nadex

Forex.com continue to offer a wide reaching service to US traders. Regulatory oversight varies considerably in the US, compared to other regions, and many brands offer very slimmed down offerings for traders.

Forex.com however, ensure they provide as many options as possible, for those looking to invest from the US.

In a fast changing environment, Forex.com continue to deliver for US clients and score highly in user satisfaction.

In an era of gamification and controversy with certain brands – Forex.com remain admirably professional.

best australian broker award 2024Best Aus Broker Award

Winner: Vantage

Runner Up: Pepperstone

A new regional award – this one focusing on Australia.

Given the changing regulatory picture around the world, regional awards reflect the different pressures brands face, while enabling us to compare like-for-like offerings.

The inaugural winners of the “Best Aus Broker” are Vantage. ASIC regulated, the brand do operate globally, but deliver an award winning service for Australians.

With a broad asset range, excellent reliability and low fees, Vantage came out on top in a very competitive region, pipping Pepperstone to take this year’s award.

best crypto broker award 2024Best Crypto Award

Winner: Eightcap

Runner Up: eToro

After the collapse of FTX, and issues at Binance, many traders hold fears about the viability of crypto exchanges.

Traditional brokers such as Eightcap however, can offer confidence and peace of mind to potential traders via regulatory oversight and a proven track record.

Eightcap have been adding new crypto pairs when required, and offering levels of customer support that crypto exchanges simply do not attempt to match.

With risk management a more straight forward process with CFDs, getting exposure to crypto price fluctuation via a traditional broker, now makes more sense than trying to find a reliable exchange. Eightcap offer the best route for traders looking to take up this option.

best trading app 2024 awardBest Trading App Award

Winner: Avatrade

Runners Up: Pepperstone

Though more of an issue in the US, the gamification of many trading apps remains the current trend, this means that traders are not treated with the respect they deserve by many application developers.

Avatrade have gone done a different route, and continue to develop a robust, reliable application that delivers excellent functionality alongside a simplified design to better suit mobile devices.

User ratings are high, up-time is excellent (and consistent) and the focus remains on the end user, rather than the bottom line.

Pepperstone have been previous winners of this award, and they continue to provide an excellent alternative, with a superb, well-rounded mobile app.

best metatrader broker award 2024Best MT4/MT5 Broker

Winner: Pepperstone

Runners Up: IC Markets

Pepperstone won this year’s “Best MT4 Broker”.

The globally regulated brand have been prolific winners of our awards down the years, and their current MetaTrader integration gives traders everything they would want when trading directly from the Meta Quotes platforms.

Pepperstone have often tried to deliver multiple options for traders, while not compromising on the trading experience and reliability of the platform. The addition on MT4 and MT5 in recent years is further evidence.

best broker award 2024Best Overall Broker

Winner: EightCap

Eightcap have been awarded the “Best Overall Broker” this year.

The Best Overall award generally goes to a brand that delivers across the board, and Eightcap have done that this year.

From the forex CFD trading, to the growth of the crypto offering, the brand continues to excel.

Further regulatory oversight has been added, giving traders from across the globe the confidence of trading with a brand regulated locally. From ASIC to the FCA in the UK, Eightcap are keen to offer their traders peace of mind.

Combine this with expanded platform offerings, greater integration – including Tradingview – and deeper market liquidity and you have a brand improving in almost every metric.

Top Rated Award-Winning Brokers

These are the 5 top rated brokers that have also won awards:

  1. AvaTrade - 5 Awards
  2. OANDA US - 6 Awards
  3. Exness - 5 Awards
  4. Pepperstone - 13 Awards
  5. XM - 8 Awards

#1 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
  • Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail) 1:400 (Pro)

AvaTrade Awards

AvaTrade has won 5 awards:

  1. Best Mobile Trading Platform 2023 - Finance Derivative
  2. Best Educational 2023 - Global Business Magazine
  3. Best Overall Broker 2022 - DayTrading.com
  4. Best Trading App 2021 - DayTrading.com
  5. Best Forex Broker 2019 - DayTrading.com

#2 - OANDA US

Why We Chose OANDA US

OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.

"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."

- DayTrading Review Team
  • Instruments: Forex, Crypto
  • Regulator: NFA, CFTC
  • Platforms: OANDA Trade, MT4, TradingView, AutoChartist
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:50

OANDA US Awards

OANDA US has won 6 awards:

  1. Best US Broker 2023 - DayTrading.com
  2. Best Trading Tools winner 2021 - Online Personal Wealth Awards
  3. Awarded highest overall client satisfaction 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  4. Awarded highest client satisfaction for mobile platform/app 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  5. Voted Most Popular Broker 2021 - TradingView Broker Awards
  6. Voted Best Forex and CFD Broker 2021 - TradingView Broker Awards

#3 - Exness

Why We Chose Exness

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.

"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
  • Regulator: FSA, CySEC, FCA, FSCA, FSC, CBCS
  • Platforms: Exness Trade App, MT4, MT5, TradingCentral
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:2000

Exness Awards

Exness has won 5 awards:

  1. Most People-Centric Broker at Traders Summit 2022
  2. Global Broker of the Year at Traders Summit 2022
  3. Best Customer Support Award at Financial Markets Expo Cairo 2021
  4. Premium Loyalty Program Award at Financial Markets Expo Cairo 2021
  5. Most Innovative Broker at Dubai Expo 2021

#4 - Pepperstone

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
  • Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:500 (Pro)

Pepperstone Awards

Pepperstone has won 13 awards:

  1. Best Forex Broker - DayTrading.com 2024
  2. Best Overall Broker - DayTrading.com 2023
  3. Best Trading App - DayTrading.com 2022
  4. Best Forex Broker - DayTrading.com 2021
  5. Best MT4 Broker - Good Money Guide 2023
  6. #1 Overall Client Satisfaction - UK Investment Trends 2022
  7. #1 Value for Money - UK Investment Trends 2022
  8. #1 Quality of Trade Execution - UK Investment Trends 2022
  9. #1 Ease of Platform Navigation - UK Investment Trends 2022
  10. #1 Charting - UK Investment Trends 2022
  11. Best Forex Broker Overall - Compareforexbrokers.com 2022
  12. Best MT4 Broker - Good Money Guide Best MT4 Broker 2022
  13. Top 5 MetaTrader brokers - Broker Chooser Top 5 MetaTrader Brokers 2022

#5 - XM

Why We Chose XM

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.

"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."

- DayTrading Review Team
  • Instruments: Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
  • Regulator: ASIC, CySEC, DFSA, FSC, FSCA
  • Platforms: MT4, MT5
  • Minimum Deposit: $5
  • Minimum Trade: 0.01 Lots

XM Awards

XM has won 8 awards:

  1. The Best Crypto CFDs 2022 - Financial Expo Egypt
  2. Best FX Service Provider 2022 - City of London Wealth Management Awards
  3. Best MT4/MT5 Broker 2021 - DayTrading.com
  4. Best FX Educational Broker in the MENA region 2021 - Dubai Expo Awards
  5. Best Trading Experience 2021 - Ultimate Fintech
  6. Best FX Service Provider 2021 - City of London Wealth Management Awards
  7. Best Broker in Customer Service 2020 - FX168
  8. Global Forex Broker of the Year 2020 - Global Forex Awards