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
- Regulator: FMA, FSA
- Min. deposit: $0
-
- Demo account
- Platforms: MT4, MT5, TradingCentral
- Min. deposit: $5
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- Demo account
- Min. deposit: $100
- Min. trade: 0.01 Lots
-
- Demo account
- Regulator: FSC
- Platforms: R StocksTrader, MT4, MT5, TradingView
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- Demo account
- Regulator: ASIC, CySEC, FSA, SCB, CMA-Kenya
- Min. deposit: $200
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- Demo account
- Platforms: eToro Web, CopyTrader, TradingCentral
- Min. deposit: $1000
61% of retail CFD accounts lose money. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- BlackBull 4.5/5 BlackBull is a New Zealand-based CFD broker providing diverse trading opportunities on over 2,180 instruments. After undergoing a rebrand in 2023, it now sports a modern look and feel complete with professional-grade trading tools and ultra-fast execution speeds averaging 20ms.
- 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.
- 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.
- eToro 4.0/5 eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Crypto investments are risky and may not suit retail investors. You could lose your entire investment. Understand the risks here. 61% of retail CFD accounts lose money.
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 |
|---|---|---|---|---|---|
| BlackBull | 3515 | ||||
| XM | 3130 | ||||
| AvaTrade | 13545 | ||||
| RoboForex | 773 | ||||
| IC | 2 | ||||
| eToro | 32195 |
BlackBull
After improving its trading infrastructure with Equinix servers in London, reducing latency for traders, BlackBull is an obvious choice if you want to day trade stock CFDs with ECN pricing. With competitive spreads and no commission on a growing roster of digital tokens paired with USD, BlackBull also works for active crypto traders.
Christian Harris, Reviewer
BlackBull quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Stocks, Indices, Commodities, Futures, Crypto
- Regulator
- FMA, FSA
- Platforms
- BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD
BlackBull Awards
BlackBull has won 3 awards:
- Fast 50 Index (multiple years) - Deloitte
- Best Global FX Broker 2022 - Forex Expo Dubai
- Fastest Growing Exporter for Auckland 2018 - Westpac Auckland Business Awards
Pros
- BlackBulls’s research is superb, especially the daily ‘Trading Opportunities’ articles that break down complex market movements into easy-to-understand insights, making it simpler to capitalize on emerging trends.
- BlackBull offers every ingredient for day traders; fast execution speeds of <100ms and tight spreads from 0.0 pips.
- BlackBull is a much greater fit for aspiring traders following the overhaul of its ECN Prime account, now featuring improved spreads averaging 0.16 on EUR/USD and a more accessible minimum deposit of $0 compared to the old $2,000.
Cons
- Unlike most top brokers, BlackBull charges an irritating $5 withdrawal fee, which can detract from the overall cost-effectiveness, especially for active traders who frequently move funds.
- Although the Education Hub now features improvements like webinars and tutorials, the courses we’ve explored need more focus on explaining the wider economic factors influencing prices.
- Despite a growing selection of 2,180+ assets, including additions to its Asia Pacific indices, they are mainly stocks with an average selection of currency pairs and indices.
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 secured a category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates in late 2025, strengthening its regulatory credentials and making it a strong option for traders in the Middle East.
- 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
- 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.
- 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.
- 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.
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
- 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.
- 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.
- 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.
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 broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping day traders to minimize transaction costs.
- In July MobileTrader Telegram Mini App was released - bringing out one of the first solutions we've seen that lets users execute trades and manage positions without leaving the Telegram messaging app.
- 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.
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.
- While RoboForex offers competitive spreads, some of its account types come with high trading commissions up to $20 per lot, trailing the cheapest brokers, such as IC 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.
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
- As a tightly regulated and widely respected broker, IC prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
- 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.
Cons
- The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
- While IC offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
- There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
eToro
eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers.
Christian Harris, Reviewer
eToro quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs
- Regulator
- FCA, CySEC, MiCA, MFSA, FSRA, ASIC, FSAS, MAS, GFSC
- Platforms
- eToro Web, CopyTrader, TradingCentral
- Minimum Deposit
- $1000
- Minimum Trade
- $10
- Account Currencies
- USD, EUR, GBP, AUD, DKK
eToro Awards
eToro has won 7 awards:
- Best Crypto Broker Runner Up 2025 - DayTrading.com
- Best Cryptocurrency Trading Platform 2022 - Finder
- Education Materials/Program 2022 - Investment Trends
- Best Copy Trading Platform 2021 - Ultimate Fintech Awards
- Best Multi-Asset Trading Platform 2021 - Ultimate Fintech Awards
- Best Stockbroker 2021 - Ultimate Fintech Awards
- Best Social Trading Platform 2019 - ADVFN International Financial Awards
Pros
- eToro introduced EUR and GBP accounts, and more recently BTC and ETH payments, cutting conversion fees and providing a localized trading experience.
- eToro introduced automated crypto staking (except for Ethereum which requires opt-in) providing a route to passive income.
- The copy trading app facilitates a best-in-class social environment, with an engaging social feed and community chat that we love using.
Cons
- There are limited contact methods aside from the in-platform live chat.
- There are no guaranteed stop loss orders which would be a useful risk management feature for beginners.
- There is a $30 minimum withdrawal amount and a $5 fee, which will affect novices with low capital.