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A “5 digit forex broker” refers to a forex (Foreign Exchange) brokerage firm that offers pricing with five decimal places on currency pairs, excluding the Japanese Yen pairs (which would be three decimal places). This is also called “fractional pip pricing.”

For example, a 4-digit broker might quote EUR/USD as 1.1234, while a 5-digit broker would quote it as 1.12345.

This additional decimal point is a reflection of a tighter spread and more accurate pricing. The fractional pip, or the fifth decimal, is often called a “pipette.”

In this post, we have featured some of the top ten best 5-figure forex brokers.

In this post, we have featured some of the top ten best 5-figure forex brokers.

We have taken the following factors into consideration to provide you with the most reliable list possible

  • Platforms available with 5-digit forex trading
  • Spreads
  • Number of forex pairs
  • Minimum deposit
Table of Content



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Brokers Five digits available? Avg EUR/USD spread
Pepperstone Yes 0.000009 pips
IC Markets Yes 0.00002 pips
AvaTrade Yes 0.00009 pips
XM Yes 0.00016 pips Yes 0.00012 pips
FxPro Yes 0.00012 pips
Plus500 Yes 0.00008 pips
Oanda Yes 0.00010 pips
IG Markets Yes 0.00014 pips
Saxo Bank Yes 0.00009 pips

What are the best 5 digit forex brokers?

Below is our handpicked selection of the top 5-digit forex brokers, outlining their key features and attributes.

  • Pepperstone provides the platforms MT4, MT5, and cTrader and all of them allow five-digit forex trading.
  • Pepperstone clients will find spreads starting from 0 pips, with an average spread on EUR/USD of 0.09 pips.
  • 60 five-digit forex pairs are provided by Pepperstone combined with a no minimum requirement, even though the broker recommends a minimum deposit of $200.
74-89% of retail investor accounts lose money when trading CFDs
  • IC Markets is a broker that offers five-digit forex trading on cTrader, MT4, and MT5.
  • Spreads with IC Markets start from 0 pips, with an average of 0.00002 pips on the EUR/USD forex pair.
  • On IC Markets you can trade over 60 five-digit forex pairs with a $200 minimum deposit.
74-89% of retail CFD accounts lose money
  • AvaTrade offers five-digit forex trading on an array of platforms including MT4, MT5, AvaOptions, and its proprietary platform.
  • AvaTrade charges fixed spreads with an average of 0.00009 pips on the EUR/USD forex pair.
  • $100 is the minimum deposit an AvaTrade client needs to make in order to start trading over 60 five-digit currency pairs.
79% of retail investor accounts lose money
  • XM enables five-digit forex trading on their MetaTrader platforms, MT4 and MT5.
  • XM spreads start from 0.1 pips with an average of 0.00016 pips on EUR/USD.
  • Clients can trade among 55+ XM five-digit forex pairs, with a minimum deposit starting from $5 depending on your account choice.
77,37% of retail investor accounts lose money
  • MT4, MT5, and a proprietary platform are what offers their clients to engage in five-digit trading.
  • has some of the lowest spreads in the industry starting at 0.5 pips, with an average spread of 0.00012 pips on EUR/USD.
  • Over 80 five-digit forex currency pairs are available with a minimum deposit of $100 to start.
73% of retail investor accounts lose money
  • Several platforms such as MT5, MT4, and cTrader are made available to be used by FxPro, with the possibility to have access to five-digit forex trading.
  • Spreads at FxPro can be as low as 0 pips, with an average spread of 0.00012 pips on the pair EUR/USD.
  • Remember that FxPro also charges fixed five-digit spreads on the 7 major pairs on the MT4 account.
  • FxPro provides 70+ five-digit forex pairs to be traded after opening an account with a minimum deposit of just $100.
72.87% of retail investor accounts lose money
  • The proprietary platform provided by Plus500 allows for five-digit forex trading.
  • The spreads charged by Plus500 start from 0.6 pips, with an average of 0.00008 pips on EUR/USD.
  • Plus500 clients can trade among 60+ five-digit forex pairs with a minimum deposit which needs to be met of $100.
77% of retail investor accounts lose money
  • There is no minimum deposit requirement from Oanda to open an account.
  • Oanda provides a proprietary platform, as well as the MT4 platform for their clients.
  • Oanda has spreads that start at 0.6 pips or lower depending on your location, with an average spread of 0.00010 pips on the forex pair EUR/USD.
  • There are 70+ five-digit Oanda currency forex pairs to choose from with no minimum deposit requirement.
CFDs are not available to residents in the United States
  • IG Markets offers several platforms which enable the five-digit forex trading: MT4, L2 Dealer, ProRealTime, and proprietary platforms.
  • Spreads at IG start from 0.6 pips, with an average spread of 0.00014 on EUR/USD.
  • 80+ five-digit forex pairs can be traded at IG Markets from a minimum deposit of $250.
70% of retail CFD accounts lose money
  • Saxo Bank provides two top-notch proprietary platforms, SaxoTraderGO and SaxoTraderPro, where you can engage in five-digit forex trading.
  • Spreads at Saxo start competitively, with an average spread of 0.00009 pips on EUR/USD.
  • Saxo Bank offers 190+ five-digit forex pairs which can be traded after a minimum deposit of $2000.
72% of retail investor accounts lose money

Why are 5 digits important with forex brokers?

5-digits give forex traders more accuracy on their trading decisions, and there is a lot more information with the extra digit as prices can be broken down further. The addition of this extra digit allows traders who don’t have large accounts to trade half pips instead of full pips.

For scalpers, this is great news as the extra digit can give them pin-point accuracy. Another important reason for the importance of a 5-digit pricing system is that it has reduced the cost to trade making it cheaper for traders to execute trades.

Before 5 digits became the norm with forex brokers, many if not all brokers were using a 4-digit price system. However, most forex brokers have started using a 5-digit price system on their platforms now.

Price movements: 5-digit vs 4-digit Broker

Here is an example of the old 4-digit spread vs the new and improved 5-digit spread. For example, say we had a 4-digit price on the EUR/USD of 1.5840 bid/1.5842ask (2 pips).

And now let’s examine what a 5-digit spread would be like in comparison to the 4-digit one; EUR/USD of 1.58401 bid/1.58428 ask (2.8 pips).

You can see the difference between the two, where you get 0.8 extra pips of information with 5 digits which is more accurate when compared to the 2 pips with the 4 digits.

Here’s another example; let’s say we have a bid/ask price on GBP/USD of 1.4123 bid/1.4123 ask. You can see that there is a spread of 0 pips when using a 4-digit price system.

However, when we consider a 5-digit price system we get more information leading to more accuracy. 1.41230 bid/ 1.41234 ask, which is a spread of 0.4 pips. Again we can see here that we have more information to work with because with 4-digits you can’t detect spreads lower than 1 as it always appears to be 0 without the decimals.

The accuracy given by the 5th digit means better transparency for traders, which forex brokers call precision pricing.

What are the Forex Trading platforms with 5-digit pricing?

More and more trading platforms are conforming to the 5-digit pricing system, such as the following:

Expert Advisors Trading with 5-digit brokers

Some expert advisors that have been built on the basis of 5-digit pricing systems are not compatible with forex brokers who offer 4-digit prices. So keep this in mind when you are looking for a forex broker, as you will need to find out if they can handle expert advisors that have been calibrated using 5-digits.

Furthermore, in the case that they are compatible they run the risk of being less efficient, which in turn will have a negative impact on your trading results. The reason for this is due to the fact that 5-digit robots are more precise and efficient, but only when they have the relevant data to work with.

What are the benefits of a 5-Decimal Pricing System?

There are some pros when dealing with a 5-decimal pricing system, which include the likes of lower spreads. It also incentivizes higher trading volume by reducing overall trading costs, and this will entice traders to join a platform, so they aren’t paying as much to be able to trade.

One of the most attractive things about a 5-decimal pricing system is its level of accuracy and precision when it comes to filling orders. Accuracy is everything when it comes to trading, as it could mean the difference between being filled and missing a profitable trade.

It also promotes high-frequency trading, which is a method of trading that includes the use of high-level programs to compute large amounts of orders in a fraction of a second. It also uses powerful algorithms that are capable of analyzing multiple markets at once.

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About The Author

Filippo Ucchino
Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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