ECN Forex Brokers

  1. What are ECN Brokers Forex?
  2. Best ECN Brokers
  3. What is ECN fee?
  4. What is True ECN Broker?
  5. ECN vs Standard Account
  6. ECN Forex Brokers List

What are ECN Brokers Forex?

ECN Brokers are Brokers who automatically match trading orders to sell or buy via ECN or Electronic Communication Network which is a technology bridge that links retail Forex market participants or traders to liquidity providers. So ECN is a non dealing desk bridge with straight through processing execution that enables execution in a direct connection between the parties. Read more about ECN through Wikipedia.

ECN brokers usually match order at the best available price from available market participants or liquidity providers (Learn about NASDAQ market participants), while at some time EUR USD spread maybe even 0 pips.

  • Apart from the competitive trading costs and due to its functions ECN technology results in extended trading time, along with high efficiency for automated trading and a variety of strategies suitable for both retail or institutional traders.
  • ECN execution does not cause any misunderstanding between the trader and the broker due to interbank connectivity with transparent trading conditions.
  • Depending on the strategy ECN spreads from 0 pips does not necessarily mean lower trading costs, as for particular strategies fixed or variable spread as a trading fee is a much better option. ECN Brokers and technology indeed more suitable for experienced traders, professionals or those that operate bigger sizes. While the Standard account and market maker execution model might be a good option for beginning traders, for some strategies and regular size traders.

🏦 SpreadLow spread from 0 pips
📊 CommissionYes
🔒 RejectionNo
💰 Re-QuotesNo

Best ECN Forex Brokers

Here are the selection of Best ECN Brokers by category that are Regulated Brokers with some of the best ECN trading conditions, trustable standards of operation and transparent conditions.

  • GO Markets– Best Overall ECN Broker 2021
  • FP Markets – Lowest Spread ECN Broker 2021
  • Exness– Best MT4 ECN Broker 2021
  • XM – Best ECN Broker for Beginners 2021
  • Pepperstone– Best for Scalping and EA ECN 2021

What is ECN fee?

The trading Brokers offering ECN Account and connection usually offer an interbank spread from 0.0 pips and charge a fixed commission per lot as a trading cost or fee.

What is a true ECN?

With its popularity and a trend of ECN trading there are many brokers stating its Brokers ECN Forex status. However, the only true ECN Brokers are brokers with the confirmed regulatory status and strong legit obligations. Learn about different type of brokers through SEC website.

ECN vs Standard Account

Standard Account and ECN account fee structure is the main difference, Standard Accounts is no commission account with fixed or variable spread basis. While the ECN working with commission fee model, while ECN costs split between the interbank spread from 0 pip and commission charge per lot.

ECN Forex Brokers List

These are the regulated brokers that offer ECN trading:

Broker Detail
BDSwiss Review BDSwiss
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App
Regulation: CySEC, FSC, FSA
1
BDSwiss Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 200 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
2
BlackBull Markets Review
FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5
Regulation: ASIC, CySEC
3
FP Markets Review
Pepperstone review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, cTrader
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
4
Pepperstone Review
HotForex Review HotForex
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: CySEC, FCA, DFSA, FSCA
5
HotForex Review
Axiory logo Axiory
Min. Deposit: 10 US$
Max. Leverage: 1:777
Trading Platforms: MT4, MT5, cTrader
Regulation: IFSC
Axiory Review
Eightcap
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: ASIC
Eightcap Review
FXCC Review FXCC
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, VFSC
FXCC Review
Blueberry Markets logo Blueberry Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: ASIC, SCB
Blueberry Markets Review
IC Markets
Min. Deposit: 200 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: cTrader, MT4, MT5
Regulation: ASIC, CySEC
IC Markets Review