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Awards – Broker Of The Year Awards 2025

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Written By
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Written By
Tobias Robinson
CEO and Head of Broker Testing Panel
Tobias is the CEO of DayTrading.com, an active investor, and a brokerage expert. He has over 30 years of experience in financial services, including supervising the reviews of hundreds of trading brokers, and contributing via CySEC to the regulatory response to digital options and CFD trading in Europe. Tobias' expertise make him a trusted voice in the industry, where he's been quoted in various financial organizations and outlets, including the Nasdaq.
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Fact Checked By
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Fact Checked By
William Berg
Head Legal Analyst & Securities Law Expert
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
Updated

The DayTrading.com Broker Awards for 2025. 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 Broker Award in certain regions where the regulatory framework is unique, or more specific, e.g. the US and Australia.

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, we have looked at the overall health of a firm too. Customer feedback also feeds into our decision making.

With some notable brands taking actions that clearly disregarded the best interests of their customers in recent years, we have rewarded 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 2025Best Forex Broker Award

Winner: Roboforex

Runners Up:  Pepperstone

Roboforex have jumped to the top of the list in 2025, after expanding the forex offering, reducing spreads and opening up services around the globe. Significant investment in customer service has also paid dividends with client approval.

Tight spreads, even in volatile markets, are a clear sign that Roboforex are focussed on offering their traders the best market conditions they can.

Pepperstone remain another leading provider of forex trading, maintaining their strong position throughout the years.

Best Binary Broker 2025Best Binary Broker Award

Winner: Pocket Option

Runner Up: Capitalcore

Pocket Option continue to expand their offering and operate with transparency. In a challenging sector, Pocket Option have maintained positive customer feedback.

Maintaining services to clients in various countries, Pocket Option also deliver a broad range of expiry options and markets, so that clients can take advantage of more opportunities. Payout percentages also remain high across the majority of major markets.

Capitalcore only joined the binary sector in the last 12 months, but appear to be offering a user-friendly service – a brand to watch.

Note binaries are banned or heavily restricted in some major jurisdictions, such as the US, UK, EU and Australia.

Best US Broker 2025Best US Broker Award

Winner: Interactive Brokers

Runner Up: Plus500

Interactive Brokers excel in the US market. A more specific regulatory market means US brands are judged on trading fees and customer service rather than range of markets or similar factors.

Interactive Brokers have a long track record of delivering for US traders, and they continue to do so in 2025. With margin rates way lower than the industry standard, the brand offer a global service at a minimal cost to the trader.

With more brands beginning to offer US clients access to the futures market, the competition is hotting up for new clients and costs should come down as a result. Plus500 are one such brand attracting a lot of interest with their US futures offering.

Best Broker Aus 2025Best Aus Broker Award

Winner: Pepperstone

Runner Up: Fusion

Pepperstone offer a superb all-round package and ASIC regulation makes them a clear choice for operators providing services in Australia.

The region continues to evolve, in terms of trading rules and market access, but Pepperstone have always provided a robust, yet flexible service that can adapt as required.

As noted in our overall award, Pepperstone deliver in almost every metric we measure and offer a superb choice for any trader, but especially those in Australia.

Best Crypto Broker 2025Best Crypto Award

Winner: Eightcap

Runner Up: eToro

Another year, another crypto horror story. After the collapse of FTX, this time it is a huge hack via North Korea at byBit. It all leads back to trying to ensure traders are safe from this type of threat.

More robust, and regulated, trading platforms such as Eightcap and eToro, give traders more confidence. The depth of markets at Eightcap, coupled with low trading fees and a strong track record, mean the 2025 “Best Crypto” title goes to Eightcap for the second year running.

There are also developments coming at Eightcap which will strengthen their position as the “go to” brand for crypto traders and they expand their integrations into existing exchanges. Watch this space.

Best Trading App 2025Best Trading App Award

Winner: Deriv

Runners Up: Pepperstone

Deriv improved their mobile offering over the last 12 months, and now deliver a service that their clients are very happy with.

A well rated, and very functional app, means the broad scope of trading choices at Deriv is fully available on mobile devices. Customer Service via the app, and reliable performance, were two other key factors in Deriv taking the title in 2025.

Pepperstone regularly feature in the “Best App” shortlist, and are worthy of a mention again this year, with more recent improvements keeping their mobile offering among the best out there.

Best MT4 MT5 Broker 2025Best MT4/MT5 Broker

Winner: IC Markets

Runners Up: Pepperstone

IC Markets offer a level of MetaTrader integration that puts them at the top of the pile. While many providers are beginning to add MT4 and MT5 integration, IC Markets have worked with them for many years, refining the services and ensuring all the benefits of the platform are available for their clients.

An ever present in almost every category, Pepperstone also offer well thought out integrations with the MetaTrader platforms and are worthy of a mention here.

Best Tradingview Broker 2025Best TradingView Broker

Winner: Eightcap

Runners Up: Pepperstone

Eightcap have made a huge effort to maximise their partnership with TradingView and this is reflected in their integration.

From the full range of chart types, to integrating the TradingView mobile into their own trading platform, Eightcap have left no stone unturned. Use the lab functionality to develop new skills, access the community or keep up to date with the Trade Zone. Eightcap are the best choice for TradingView integration.

Best Overall Broker 2025Best Overall Broker

Winner: Pepperstone

Pepperstone continue to excel in almost all departments. From regulatory oversight, to customer service, the firm give their clients a huge amount of confidence.

The platform is reliable while maintaining super-fast execution times. The market depth is huge, with expert market analysis offered to traders via regular video and email updates.

The mobile offering is well rated by users, and delivers all the functionality of the full site.

Excelling in every category, Pepperstone are clear winners in 2025.

Top Rated Award-Winning Brokers

These are the 6 top rated brokers that have also won awards:

Your capital is at risk. Trade only with funds you can afford to lose.
Tested with a live trading account
Accept traders from United States

Here is a short summary of why we think each broker belongs in this top list:

  1. Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to over 170 markets across 40 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
  2. Plus500US - Plus500US is a well-established broker that entered the US market in 2021. Authorized by the CFTC and NFA, it provides futures trading on forex, indices, commodities, cryptocurrencies, and interest rates. With a 10-minute sign-up, a manageable $100 minimum deposit ($200 if you use wire transfer), and a straightforward web platform, Plus500 continues to strengthen its offering for traders in the US.
  3. Moomoo - Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong, Singaporean, Australian and US stocks, ETFs and other assets. Margin trading is available and the brand offers a zero-deposit account as well as several bonuses.
  4. CEX.IO - CEX.IO is one-stop-shop for crypto investors where you can buy and sell popular digital tokens, speculate on prices with margin trading and earn rewards through staking. Since it launched in 2013, more than five million traders have deposited over $7.5 billion.
  5. Nexo - Nexo is a centralized crypto exchange founded in 2018 in Bulgaria and today operates across some 200 jurisdictions from its base in Switzerland. It provides services including spot trading, futures trading, peer-to-peer loans, cold wallet storage and fiat-on ramps to buy crypto tokens. The crypto firm is registered with some respected financial authorities, such as the ASIC, and offers some fairly unique additional services including a credit card.
  6. Firstrade - Firstrade is a US-headquartered discount broker-dealer with authorization from the SEC. The company is also a member of FINRA/SIPC. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular and top-tier online brokerage. It is also quick and easy to open a new account.

Interactive Brokers

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."

Christian Harris Christian Harris, Reviewer

Interactive Brokers Quick Facts

Demo AccountYes
InstrumentsStocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies
RegulatorSEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS
PlatformsTrader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower
Minimum Deposit$0
Minimum Trade$100
Account CurrenciesUSD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Interactive Brokers Awards

Interactive Brokers has won one award:

  1. Best US Broker 2025 - DayTrading.com

Pros

  • With low commissions, tight spreads and a transparent fee structure, IBKR delivers a cost-effective environment for short-term traders.
  • While primarily geared towards experienced traders, IBKR has made moves to broaden its appeal in recent years, reducing its minimum deposit from $10,000 to $0.
  • Interactive Brokers was named 'Best US Broker' for 2025 by DayTrading.com, recognizing its long-standing commitment to US traders, ultra-low margin rates, and global market access at minimal cost.

Cons

  • TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
  • IBKR was fined $11.8m by the US OFAC in 2025 for providing services in sanctioned jurisdictions. It was also fined $125k by FINRA in 2025 for municipal bond disclosure failures.
  • Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.

Plus500US

"Plus500US stands out as an excellent choice for beginners, offering a very user-friendly platform and access to the Futures Academy to enhance trading skills. Its powerful tools and reliable service helped it scoop second place in DayTrading.com's annual 'Best US Broker' award."

Michael MacKenzie Michael MacKenzie, Reviewer

Plus500US Quick Facts

Demo AccountYes
InstrumentsFutures on Cryptocurrencies, Metals, Agriculture, Forex, Interest rates, Energy, Equity Index future contracts
RegulatorCFTC, NFA
PlatformsWebTrader, App
Minimum Deposit$100
Minimum TradeVariable
Account CurrenciesUSD

Plus500US Awards

Plus500US has won one award:

  1. Best US Broker Runner Up 2025 - DayTrading.com

Pros

  • Plus500US excels for its low fees with very competitive day trading margins and no inactivity fees, live data fees, routing fees, or platform fees
  • Plus500 added prediction markets to its 'Plus500 Futures' platform in February 2026, with event-based trades covering 10 categories, from financials to politics, including short-term opportunities with intraday contracts that expire after just 15 minutes.
  • Plus500 is a publicly traded company with a good reputation, over 24 million traders, and a sponsor of the Chicago Bulls.

Cons

  • Despite competitive pricing, Plus500US lacks a discount program for high-volume day traders, a scheme found at brokers like Interactive Brokers
  • The proprietary platform is user-friendly but lacks advanced technical analysis tools found in third-party solutions like MetaTrader 4
  • Although support response times were fast during tests, there is no telephone assistance

Moomoo

"Moomoo remains an excellent choice for new and intermediate stock traders who want to build a diverse investment portfolio. What really stands out is the broker's user-friendly app and the low trading fees."

Jemma Grist Jemma Grist, Reviewer

Moomoo Quick Facts

Demo AccountYes
InstrumentsStocks, Options, ETFs, ADRs, OTCs
RegulatorSEC, FINRA, SIPC, MAS, SFC, ASIC, FMA, CIRO, CIPF, JFSA, SC
PlatformsDesktop Platform, Mobile App
Minimum Deposit$0
Minimum Trade$0
Account CurrenciesUSD, HKD, SGD

Moomoo Awards

Moomoo has won 3 awards:

  1. Best Global Investment Platform 2025 - Sensor Tower APAC Awards
  2. #1 Broker for Stocks in North America 2025 - TradingView
  3. Best Trading Platform 2022 - Fintech Breakthrough

Pros

  • The Moomoo AI assistant, found in the desktop software and app, provides genuinely useful market insights to inform active traders
  • Moomoo is a Member of FINRA and the Securities Investor Protection Corporation (SIPC), adding another level of security for prospective clients
  • Moomoo has partnered with Nasdaq to offer new Monday and Wednesday weekly expirations for options on 9 major U.S. stocks

Cons

  • It's a shame that there is no 2 factor authentication (2FA), despite the other security features on offer
  • There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers
  • There is no phone or live chat support - common options at most other brokers

CEX.IO

"CEX.IO continues to serve a range of crypto investors looking to buy, sell, trade, hold and earn with low fees. The tiered pricing structure will appeal to active traders while rookie investors will enjoy the straightforward platform interface and excellent education."

Tobias Robinson Tobias Robinson, Reviewer

CEX.IO Quick Facts

Demo AccountNo
InstrumentsCryptos
RegulatorNMLS, GFSC, Bank of Spain, CySEC, Lithuanian Centre of Registers
PlatformsOwn
Minimum Deposit$20
Minimum Trade$1
Account CurrenciesUSD, EUR, GBP

CEX.IO Awards

CEX.IO has won 3 awards:

  1. Most Secure Bitcoin and Cryptocurrency Exchange Platform 2023, World Business Outlook
  2. Leading Cryptocurrency Exchange Platform 2023, World Business Outlook
  3. Best Cryptocurrency Exchange Platform 2023, Global Brands Magazine

Pros

  • Crypto leverage is available up to 1:3
  • CEX.IO continues to offer competitive pricing with 0.01% taker and 0% maker fees for high-volume traders
  • The broker offers 24/7 support with fast response times during tests

Cons

  • The broker has limited regulatory oversight
  • The Exchange Plus platform delivers a cluttered interface compared to competitor platforms
  • It's a shame that there's no demo account for traders looking to practice strategies

Nexo

"Nexo gives crypto traders the capability to trade, invest, lend and borrow digital assets in one place, and it’s especially good for its credit functions that pay out very high yields to lenders. However, its fees are relatively high and many day traders will prefer a more tightly regulated crypto broker."

Michael MacKenzie Michael MacKenzie, Reviewer

Nexo Quick Facts

Demo AccountNo
InstrumentsCryptos
PlatformsNexo Pro
Minimum Deposit$10
Minimum Trade$30
Account CurrenciesUSD, EUR, GBP

Nexo Awards

Nexo has won 2 awards:

  1. Best Cryptocurrency Wallet – FinTech Breakthrough Awards, 2023
  2. Best Use of Crypto and/or Blockchain in Financial Services – PAY360 Awards, 2022

Pros

  • Value-add tools integrated into the trading platform including social media analysis and newsfeeds by asset
  • Nexo Pro is a user-friendly proprietary platform that suits day trading strategies with great charting features
  • Traders can access perpetual futures to open long or short positions on crypto assets, increasing strategic opportunities

Cons

  • The range of tokens is extensive compared to most crypto brokers but still much smaller than similar crypto exchanges like Kraken
  • High maker/taker fees mean day traders will pay more to trade derivatives than they would at some rival exchanges
  • Although Nexo has registered with some reputable watchdogs, it is riskier to trade with than established crypto brokers like AvaTrade and Vantage

Firstrade

"Firstrade is perfect for beginners looking to trade US stocks with zero commissions. There is a wealth of free education plus premium-quality research, notably through its latest FirstradeGPT tool, plus trading ideas from Morningstar, Briefing.com, Zacks and Benzinga."

William Berg William Berg, Reviewer

Firstrade Quick Facts

Demo AccountNo
InstrumentsStocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed
RegulatorSEC, FINRA
PlatformsFirstrade Invest 3.0, TradingCentral
Minimum Deposit$0
Minimum Trade$1
Account CurrenciesUSD

Firstrade Awards

Firstrade has won one award:

  1. Best for ETF & Active Investor Commission & Fees - 2019

Pros

  • Enhanced stock trading environment with overnight trading and fractional shares added
  • Highly trusted US-regulated brokerage and SIPC member
  • One of the first brokers to add AI-powered analysis through FirstradeGPT

Cons

  • Visa credit/debit card deposits and withdrawals are not accepted
  • Firstrade focuses on stocks at the expense of forex, limiting diversification opportunities
  • Customer support still needs work following testing with no 24/7 assistance