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
- Regulator: FSC
- Platforms: R StocksTrader, MT4, MT5, TradingView
-
- Demo account
- Regulator: ASIC, CySEC, FSA, SCB, CMA-Kenya
- Min. deposit: $200
-
- Demo account
- Min. deposit: $0
- Min. trade: 0.01 Lots
73-89% of retail investor accounts lose money when trading CFDs
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.
- RoboForex 4.5/5 RoboForex is an online broker, established in 2009 and registered with the FSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.
- IC 4.8/5 IC Markets (now IC) is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 200,000 clients from over 200 countries.
- 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.
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 | ||||
| RoboForex | 773 | ||||
| IC | 2 | ||||
| Pepperstone | 3666 |
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’s Zero account is ideal for day trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, and no requotes or rejections.
- XM has rolled out platform upgrades with integrated TradingView charts and an XM AI assistant, delivering faster execution, smarter analysis, and a sleeker, more intuitive trading experience.
- 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.
Cons
- 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.
- Although trusted and generally well-regulated in some regions, XM also has global entities registered with the weak regulators like FSC (Belize) and FSA (Seychelles), whilst UK clients are no longer accepted, reducing its market reach.
- 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.
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.
- Support at AvaTrade performed excellently during testing, with response times of 3 minutes and localized support in major trading jurisdictions, including the UK, Europe and the Middle East.
Cons
- 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.
- 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.
- 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 broker expanded into Europe with regulated online trading services after securing authorization from Portugal's CVMV, boosting its safety protections for European residents.
Cons
- 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.
- The 2–20% rebate scheme is closed to FCA, CMVM, and ASIC clients, meaning active day traders in these regions who would benefit from transaction rebates cannot claim them.
- 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.
RoboForex
RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists.
Christian Harris, Reviewer
RoboForex quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Crypto
- Regulator
- FSC
- Platforms
- R StocksTrader, MT4, MT5, TradingView
- Minimum Deposit
- $10
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR
RoboForex Awards
RoboForex has won 9 awards:
- Best Forex Broker 2025 - DayTrading.com Awards
- Best Multi Asset Trading Platform 2023 - Global Brands Magazine Awards
- Best Trading Conditions 2023 - International Business Magazine Awards
- Best Mobile Trading App 2022 - GF Awards B2B
- Most Trusted Broker 2022 - International Business Magazine Awards
- Best Investment Products 2021 - Global Brands Magazine Awards
- Best Global Mobile Trading App 2020 - Global Forex Awards B2B
- Best Broker of the CIS 2019 - IAFT Awards
- Best Investment Products 2019 - Global Brands Magazine
Pros
- The R Stocks Trader platform rivals leading solutions like MT4, with netting and hedging capabilities, comprehensive backtesting, Level II pricing, and a flexible workspace.
- RoboForex secured the 'Best Forex Broker 2025' title in DayTrading.com's Awards after broadening their FX offering, cutting spreads and opening up services in various countries.
- The broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping day traders to minimize transaction costs.
Cons
- Despite offering a range of platforms, RoboForex still doesn't support the increasingly popular cTrader. This might deter traders who prefer this specific platform for their day trading activities and is available at firms like Fusion Markets.
- RoboForex now restricts base currency options to USD and EUR. This limitation may inconvenience day traders preferring to manage their accounts in other currencies, while potentially leading to conversion fees.
- RoboForex provides a variety of account types, which, while offering flexibility, can be overwhelming for newer traders trying to choose the most suitable option for their trading style. Alternatives, notably eToro, provide a smoother entry into online trading with one retail account.
IC
IC (formerly IC Markets) offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.
Christian Harris, Reviewer
IC quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
- Regulator
- ASIC, CySEC, FSA, SCB, CMA-Kenya
- Platforms
- MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower
- Minimum Deposit
- $200
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
IC Awards
IC has won 5 awards:
- Best MT4/MT5 Broker 2025 - DayTrading.com
- Best MT4/MT5 Broker 2023 - DayTrading.com
- Best Forex Broker 2022 - DayTrading.com
- Best Overall Broker 2020 - DayTrading.com
- Best Trading App 2020 - DayTrading.com
Pros
- You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
- IC secured DayTrading.com's 'Best MT4/MT5 Broker' in 2025 for its seamless, industry-leading MetaTrader integration, refined over years to maximize the platform experience.
- IC offers fast and dependable 24/7 support based on firsthand experience, particularly when it comes to accounts and funding issues.
Cons
- There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
- Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
- Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
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
- 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.
- Offers a dedicated CopyTrading app for traders who want a less active approach to trading, available in some countries.
- Pepperstone has greatly improved the deposit and withdrawal experience in recent years, adding Apple Pay and Google Pay in 2025, as well as PIX and SPEI for clients in Brazil and Mexico in 2024.
Cons
- 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).
- 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.
- Despite improvements to its range of markets, crypto CFD offerings are still fairly limited compared to other brokers who focus on this area, such as Eightcap, and there's no option to invest in real coins.