5 Digit brokers | 5 Decimal pricing Forex brokers

Forex brokers who offer 5 digit (5 decimal) pricing

95% of all Forex brokers offer 5 digits pricing nowadays.
The trend from Dealing desk to No-Dealing desk trading has clearly dictated the outcome.
Now 4 digits brokers are a visible minority, with 5 digit pricing brokers dominating the market.

Looking for 4 & 5 digits Forex Brokers? Try our Forex Broker Comparison and select the field called “decimal pricing”.

5 digit vs 4 digit broker

Not so long ago the 5th digit in Forex pricing was rare, now it is a normal fact – a result of growing competition for clients among Forex brokers. Quotes with 5 decimal places allow better transparency and better fills for investors. Banks have been using the system of fractional quotes for centuries. When large money is involved, the smallest variation in quotes makes a significant impact.

For traders the 5th digit means better transparency and ability to catch better deals. Forex brokers call it “precision pricing”.
For example, instead of 2 pips spread (1.5030 Bid 1.5032 Ask), a trader can get a 1.7 pip spread (1.50301 Bid 1.50318 Ask)

5 decimal fractional pips Forex

Trading with 5 decimal pricing

Adding 5th decimal to the price quotes requires traders to adjust own pip calculations, such as profit and stop values, trailing stops, limit orders etc.

For example, when trading with 4 decimal quotes, if a trader wants to capture 30 pips of Profit, he sets a Profit target value to 30.
With 5 digit quotes a trader would need to input 300 to be able to exit with 30 pips Profit. The last digit “0” is a fractional pip.

Expert Advisors trading with 5 digit brokers

Be sure to check if your Expert Advisor supports 5 decimal pricing. Not every EA does this, and you can get in trouble, or most likely will be unable to take any trades with such EA.
A simple demo test of your robot with 5 digit broker will tell if any adjustments are needed.

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Do you know another Forex broker with 5 decimal pricing?
Please suggest by adding a comment below.

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57 Comments

Thank you. Added.

JFD is a 5digit broker too

Thank you!

ThreeTrades – 5 digit spread.

Thank you!
Now added + created the reviews page: http://www.100forexbrokers.com/reviews-ratings/mocaz

dear addmin.. how about MOCAZfx?? is it this broker also in your list??

5 digit fix spread broker needed

Thank you, will be added.

http://www.fxvv.com 5 digits on ECN.
* Low spread
* No trading commission
* Leverage 1:2000
* ECN forex broker
* Market execution
* No dealing desk
* Deep pricing from multi bank
* Price transparency
* No trade against traders
* No restrictions on trading style (such as scalping, hedging, expert advisor, trading on news time, no FIFO rules)

Thank you!
will be added.

http://www.fxcast.com offers 5 digit (5 decimal) pricing.

I have been trading with United World Capital since 2 years now. In the starting when i joined i was not having much knowledge about the Forex and i started my journey into Forex with them.

Since then i have tried many brokers but i did not find anyone close to UWCFX.

When trading i usually watch the Bloom Berg channel and see the Live news. The rates that i see in the Bloom Berg US were the same that i see in UWC Trader.

I can see all my accounts in their cabinet and never had any problems with regards to withdrawal of Profits.

Their Customer Service is Excellent and always on Time.

They have all the answers.

Sorry, we don’t rate brokers or provide any recommendations/suggestions about choosing any particular broker. Our website policy requires to remain 100% neutral & unbiased towards all Forex brokers.

I am working as a Senior Manager – Operation & Compliance with a Forex trding company named eToro, but i want to know who is the best /top forex broker/company of world ?

Added. Thank you!

Grand Capital offers 5 digit pricing.
http://www.grandcapital.net

GC team. Thank you and Regards.

Please try our broker search, where you can input all those criteria to find matching brokers.

Cash withdrawals, as a rule, aren’t widely available with brokers, instead you can request a wire to be sent to your bank account in India.

Hi there,
I am an Indian and a live fx trader since a year,
wish to open a live a/c that allows scalping,hedging.local india cash withdrawl and leverage of 1:400 with the MT4 platform …

-thx

Thank you! Listed.

I am trading with ironFX, with 5 decimal pricing.
Website: http://www.ironfx.com
Year since: 2010
Headquarters: Cyprus
Company registration: IronFX Financial Services Limited, Cyprus
Regulation: CySEC (license #125/10)

Reuben

4XP has 5 digits on ECN, other accounts – 4 digits.

4xp have 4 no 5 decimal pricing!!!!!

Right.
Thank you!

aaafx ?

I agree with BrokerGuru. You have to make a decision based on a few criteria.

Concrete Regulation (Europe, USA, Japan have stronger Trading regulation)
Years in operation
Transparency
Segregated accounts
Support
Market Makers vs. ECN is basically not an argument once the broker proves to be solid. Its a matter of what makes you feel better. Market Makers usually offer more personal support while ECN brokers offer more technical tools.

http://www.tfifx.com

Thank you!

Real Trade Group (http://www.realtrader.org):
Effective Monday, January 17, 2011, the 5th decimal place was implemented on real accounts.

forinvest has 5-digits with 0.50 pip spread
its available in their MT4 platform
http://www.forinvest.net/
thank you!

Yes. Thank you!

Maybe FinFX should be added to your lists?

Thank you!

cmc markets

mrc markets is worst among all . first they give 0.5 pip spread later they increase to 5.5 spread.worst worst

Yes, thank you!

FXDD has 5 decimals

Depends on your needs and amount your want to deposit.
Look for a regulated no dealing desk broker with positive reviews from traders.
I’m not in the position to recommend brokers (it’s against the website policy).

hi. please tell me wivh one is the best 5 digit broket on the market

thanks

Unfortunately, I don’t have such detailed information related to Indian banks, I’m sorry.

hi
i am indian, i want broker with high leaverage & deposit from direct Net Banking indian banks. spreads less. plz give name.

Our Advanced Search would certainly help you with that:
Forex brokers comparison

hi i need 5digit broker,deposit with lr and allow scalping, i already test at exness but their server to bad

Thank you!

Hi BG

ActivTrades (Interbank account) also got 5 digit.

Thank You!

Hi Hany,

Every ECN has a 5 digit platform, but a non-ECN can also have 5 digit pricing.
For an ECN it is a standard, while for a non-ECN it is an option.

With a true ECN you’ll have 1, 2, 3s an so on in the 5th decimal, while with other brokers it can be anything: always zeros or halfs, since their 5 digit platform is not connected to the true market environment.

Hi,
Thank you for that very helpful information.
If a broker has 5 digits price but the last digit is only zero or 5 ( half ) and not 1,2,3,…., why? is this broker not a true ECN?
Thanks
Hany

non-NFA condition is understandable, while non-ECN conditions is probably there due to commissions.

If so, get a regulated STP broker, with MT4 platform (I’d assume the EA is for MT4).
Does the EA has requirements about spreads being fixed or variable?

You can settle as well with a market maker, if the broker is regulated and has been around for several solid years.

I can’t choose a broker for you or recommend a broker, because it’ll be against our website policy and will definitely not be liked by other brokers whose names won’t be mentioned.

what’s the best broker to use that’s non ECN and no NFA rules? The EA I just purchased to try for 60 days says it will not work with new NFA rules and ECN brokers.

STPs may put restrictions when they streamline orders to their liquidity providers who have restrictions on scalping.

Hi BG

I wonder how come STP broker like UWC – United World Capital not allow scalping?

STP broker should have restrictions on trading seen there’s no conflict of interest?

Thank You!

Hi JT,

yes, but I think you can simply assume that if a broker is not on the list, it most likely has a 4 digit platform.
Some brokers have both 4 & 5 digit platforms available, in this case – the above list won’t help, I agree.
In such case, you can use our Advanced broker Search to filter out 4 digit or 5 digit brokers (this option can be found under “Decimal pricing”).

Great website. Any chance of creating a list of brokers that still use 4 decimal pricing since some of the software I use is doesn’t work well with 5 decimal pricing? Thank you.
JT

Thank you, MIG BANK is now listed!

Here is MIG Bank …they have 5 digit pricing and just turned a Bank. They are in Switzerland. They have Mini accounts.

Thank you for a really useful feedback and review.
I’ll check the Client agreement and update the listing accordingly.
Happy holidays!

I am currently with United World Capital broker. UWC – United World Capital only offers 5-digit pricing and they do not allow scalping. They previously indicated that they do allow scalping on their website http://www.uwcfx.com which indicates “accept all scalping EAs” but they removed that feature second or third week of December, 2009. Their client agreement also indicates that “sniping” or scalping is against company policy. I would say that’s a subtle way of false advertising. They indicate that they do allow scalping from their website but their client agreement says otherwise. Also, they mentioned they have “no requotes” but once you get profitable in a short time especially for such small capital (micro or mini account), they bombard you with delays and requotes the next day.

Thank you, Roma!

the broker has been added.

Hi all, we have another 5 digit ecn broker- http://www.real-forex.com

Roma