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 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 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 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 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 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 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
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
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
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:
-
- Demo account
- Platforms: MT4, MT5, TradingCentral
- Min. deposit: $5
-
- Demo account
- Min. deposit: $100
- Min. trade: 0.01 Lots
-
- Demo account
- Regulator: FCA, ASIC, CMVM , FSCA, SCB, FSA
- Platforms: TN Trader, MT4, TradingView
-
- Demo account
- Min. deposit: $0
- Min. trade: 0.01 Lots
73-89% of retail investor accounts lose money when trading CFDs -
- Demo account
- Regulator: FCA, ASIC, CySEC, FSC, SCB, FSA
- Platforms: MT4, MT5, TradingView, TradeLocker
71.28% of retail traders lose money when trading CFDs -
- Demo account
- Regulator: ASIC, VFSC, FSA
- Platforms: MT4, MT5, cTrader, TradingView, DupliTrade
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- XM 4.8/5 XM is a globally recognized forex and CFD broker with 20+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It also offers a comprehensive MetaTrader experience that we've observed firsthand placing test trades.
- AvaTrade 4.9/5 Established in 2006, AvaTrade is a leading forex and CFD broker trusted by over 400,000 traders. Operating under regulation in 9 jurisdictions, AvaTrade processes an impressive 2+ million trades each month. Through like MT4, MT5, and its proprietary WebTrader, the broker provides a growing selection of 1,250+ instruments. Whether it’s CFDs, AvaOptions, or the more recent AvaFutures, short-term traders at all levels will find opportunities. With terrific education and 24/5 multilingual customer support, AvaTrade delivers the complete trading experience.
- Trade Nation 4.4/5 Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas.
- Pepperstone 4.8/5 Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 830,000 clients worldwide. It offers access to 1,400+ 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, helping to ensure a secure environment for day traders at all levels.
- Eightcap 4.6/5 Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 800+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.
- Fusion Markets 4.6/5 Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| XM | 3130 | ||||
| AvaTrade | 13545 | ||||
| Trade Nation | 2142 | ||||
| Pepperstone | 3666 | ||||
| Eightcap | 3908 | ||||
| Fusion Markets | 9999 |
XM
With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years.
Christian Harris, Reviewer
XM quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies
- Regulator
- CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE
- Platforms
- MT4, MT5, TradingCentral
- Minimum Deposit
- $5
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, JPY, ZAR
XM Awards
XM has won 6 awards:
- Best Gold Broker 2026 - Capital Finance International
- Best Customer Service 2026 - Capital Finance International
- Outstanding Customer Service Global 2024 - Capital Finance International
- Best FX Service Provider 2024 - City of London Wealth Management Awards
- Best FX Broker, Europe 2023 - World Finance Forex Awards
- Best CFD Provider 2023 - City of London Wealth Management Awards
Pros
- XM stands out for its commitment to trader education, with a wealth of well-presented resources, including webinars, tutorials, and even real-time trading sessions through XM Live.
- XM’s growing roster of 1,400+ instruments provides diverse short-term trading opportunities, with unique turbo stocks, fractional shares, and more recently thematic indices.
- XM’s customer support has delivered over years of testing, with 24/7 assistance in 30 languages, response times of under 2 minutes and a growing Telegram channel.
Cons
- While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.
- XM is falling behind the curve by not offering cTrader, which is favored over MetaTrader by some serious traders for its smoother user experience and superior charting package.
- XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable solution for a more beginner-friendly user experience with unique features.
AvaTrade
AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets.
Jemma Grist, Reviewer
AvaTrade quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
- Regulator
- ASIC, CySEC, FSCA, ISA, CBI, JFSA, BVI, FSRA/ADGM, AFM, CMA-Kenya, CIRO (via Friedberg Direct)
- Platforms
- WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, ZAR
AvaTrade Awards
AvaTrade has won 8 awards:
- Most Trusted Broker 2025 - International Investor Magazine
- Best Futures Trading Platform 2024 - International Investor Magazine
- Most Trusted Trading Platform in UAE 2024 - International Business Magazine
- Best Mobile Trading Platform 2023 - Finance Derivative
- Best Educational 2023 - Global Business Magazine
- Best Overall Broker 2022 - DayTrading.com
- Best Trading App 2021 - DayTrading.com
- Best Forex Broker 2019 - DayTrading.com
Pros
- The WebTrader excelled in our hands-on tests, sporting a user-friendly interface for beginners, complete with robust charting tools like 6 chart layouts and 60+ technical indicators.
- Years on, AvaTrade remains one of the few brokers offering a bespoke risk management tool, AvaProtect, that insures losses up to $1M for a fee and is easy to activate on the platform.
- AvaTrade launched AvaFutures to offer low-margin access to global markets, then expanded in 2025 as one of the first brokers to add CME’s Micro Grain Futures, and then later in the year went further by integrating with TradingView.
Cons
- While signing up is a breeze, AvaTrade lacks an ECN account like Pepperstone or IC Markets, which provides the raw spreads and ultra-fast execution many day traders are looking for.
- The AvaSocial app is good but not great – the look and feel, plus the navigation between finding strategy providers and account management needs upgrading to rival category leaders like eToro.
- AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
Trade Nation
Trade Nation suits discretionary traders who want to speculate on major indices like the US 500 or liquid FX pairs, and want the predictable all-in costs of fixed spreads. In tests, we found the fixed-spread TN Trader environment particularly useful for trading around scheduled economic releases owing to its reliable charting environment and because published spreads stayed capped.
Christian Harris, Reviewer
Trade Nation quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Indices, Shares, Commodities, Futures, Bonds, Spread Betting (UK and Ireland only), Cryptos (Bahamas entity only)
- Regulator
- FCA, ASIC, CMVM , FSCA, SCB, FSA
- Platforms
- TN Trader, MT4, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.1 Lots
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK
Trade Nation Awards
Trade Nation has won 2 awards:
- Best Spread Betting Provider 2026 - Online Money Awards
- Best Forex and CFD Broker in the UK 2025 - TradingView Broker Awards
Pros
- Trade Nation accounts can now be linked with TradingView, providing advanced multi-charts and the ability to execute trades directly.
- Trade Nation's 2026 partnership with Volt has sped up payments for Australian traders, who can now make instant deposits and withdrawals using PayID, with the faster payout capabilities planned for clients in the UK and EU.
- The demo comes with a $5,000 practice account and you can request a one-on-one platform walkthrough by callback - this level of personal help is rare.
Cons
- Withdrawals can take up to five business days, which is around the industry average but slower than the 1-3 days we’re increasingly seeing brokers offer in an attempt to quash withdrawal complaints from retail investors.
- There is no raw or ECN pricing tier, which are often prefered by day traders. No matter how much you deposit or trade, you use the same fixed (or variable on MT4) pricing as beginners, making it unsuitable for scalpers especially.
- Offshore SCB and FSA entities allow retail clients up to 1:200 and 1:500 leverage compared to 1:30 in regions like the UK, Europe and Australia, so an FSA client can have 16 times the exposure of a UK retail client on the same trade, but with less oversight and no compensation scheme.
Pepperstone
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 24/5 support (18h a day on weekends).
Christian Harris, Reviewer
Pepperstone quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs, Spread Betting
- Regulator
- FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya
- Platforms
- Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pepperstone Awards
Pepperstone has won 9 awards:
- Best Overall Broker - DayTrading.com 2025
- Best Forex Broker Runner Up - DayTrading.com 2025
- Best Trading App Runner Up - DayTrading.com 2025
- Best MT4/MT5 Broker Runner Up - DayTrading.com 2025
- Best TradingView Broker Runner Up - DayTrading.com 2025
- Best Forex Broker - DayTrading.com 2024
- Best Overall Broker - DayTrading.com 2023
- Best Trading App - DayTrading.com 2022
- Best Forex Broker - DayTrading.com 2021
Pros
- Pepperstone has started providing trading in pre-IPO perpetual futures like SpaceX (SPCX.US-PERP) in select regions, such as the UAE.
- There’s support for a range of industry-leading charting platforms including MT4, MT5, TradingView, and cTrader, catering to various short-term trading styles, including algo trading.
- After adding spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools for financial spread bettors in supported countries.
Cons
- Execution may not feel as reliable in fast markets as headline speeds suggest. In our own testing, execution was fast at desired prices, but some community complaints focus on slippage, stop-loss fills and spread-sensitive order triggers during volatile conditions.
- Overnight holding fees are higher than that found with some Market Maker brokers (usually Benchmark + 2.5%). This makes pepperstone an ideal broker for day traders and forex scalpers but less suitable for swing traders who often keep position open overnight.
- Pepperstone has removed support for several tools that elevated the trading experience for active retail traders, notably Autochartist, Capitalise.ai and a free VPS for qualifying traders (now only pro traders in some countries).
Eightcap
Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row.
Christian Harris, Reviewer
Eightcap quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs in Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- FCA, ASIC, CySEC, FSC, SCB, FSA
- Platforms
- MT4, MT5, TradingView, TradeLocker
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, SGD
Eightcap Awards
Eightcap has won 7 awards:
- Best TradingView Broker 2025 - DayTrading.com
- Best Cryptocurrency Broker 2025 - DayTrading.com
- Best Overall Broker 2024 - DayTrading.com
- Best Cryptocurrency Broker 2024 - DayTrading.com
- Best Forex Broker 2023 - DayTrading.com
- Best Cryptocurrency Broker 2023 - DayTrading.com
- Best MT4/MT5 Broker 2022 - DayTrading.com
Pros
- Having excelled across all key areas for day traders, Eightcap outperformed every competitor to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title for 2025 and 'Best TradingView Broker' for 2025.
- Eightcap Challenges, the broker's prop trading firm, is multi-regulated, removing the third-party risks we commonly see with white-label prop firms, and its tailoring its funded accounts to crypto traders with around 150 crypto pairs, plus it's integrated into the TradingView interface.
- Eightcap has brought in GOLD247 for 24/7 trading opportunities on a gold/USD CFD with leverage up to 1:20, minimum trade size of 0.01 lots, and no commission, appealing to weekend traders interested in the precious metal.
Cons
- Despite a useful library of educational guides and e-books in Labs, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
- Eightcap needs to continue bolstering its suite of 800+ instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
- The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
Fusion Markets
Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero, industry-low commissions and recently TradingView integration. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC.
Jemma Grist, Reviewer
Fusion Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- ASIC, VFSC, FSA
- Platforms
- MT4, MT5, cTrader, TradingView, DupliTrade
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Fusion Markets Awards
Fusion Markets has won one award:
- Best Aus Broker Runner Up 2025 - DayTrading.com
Pros
- Fusion Markets is set up to support algo traders with a sponsored VPS solution and a 25% discount if you opt for the NYC Servers VPS for MT4 or cTrader.
- Average execution speeds of around 37 milliseconds are noticeably faster than many rivals and can help day traders secure optimal prices in fast-moving markets.
- Fusion Markets continues to impress with its pricing that provides tight spreads with below-average commissions that will appeal to active day traders.
Cons
- Fusion Market trails alternatives, notably IG, in the education department with limited guides and live video sessions to upskill new traders.
- The demo account expires after 30 days, limiting its potential as a useful trading tool alongside a real-money account.
- Traders outside of Australia must sign up with weakly regulated global entities with limited safeguards, though in August 2026 they made negative balance protection available to all eligible accounts.