ECN Forex Brokers
- What are ECN Brokers Forex?
- Best ECN Brokers
- What is ECN fee?
- What is True ECN Broker?
- ECN vs Standard Account
- ECN Forex Brokers who accept US Clients
- 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 via automated network. Read more about ECN on 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 (Zero Spread Brokers list) does not necessarily mean lower trading costs at times it is even higher than non ECN Brokers offer, 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 (Also check Best Forex Brokers for Beginners), for some strategies and regular size traders.
| 🏦 Spread | Low spread from 0 pips |
| 📊 Commission | Yes |
| 🔒 Rejection | No |
| 💰 Re-Quotes | No |
Best ECN Forex Brokers
Here are the selection of Best ECN Brokers by category that are Regulated Forex Brokers with some of the best ECN trading conditions, trustable standards of operation and transparent conditions.
- BDSwiss – Best Overall ECN Broker 2022
- FP Markets – Lowest Spread ECN Broker 2022
- BlackBull Markets – Best MT4 ECN Broker 2022
- HFM – Best ECN Broker for Beginners 2022
- Pepperstone– Best for Scalping and EA ECN 2022
What is ECN fee?
The trading Brokers offering ECN Accounts 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. Check Exness which offers ECN accounts. Based on our tests there are only 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 works with commission fee model, s ECN costs split between the interbank spread from 0 pip and commission charge per lot.
ECN Forex Brokers who accept US Clients
Traders from United States are able to trade only with Forex brokers registered with CFTC or NFA in US. Some of the regulated ECN brokers for US are Forex.com, IG and ATC Brokers.
ECN Forex Brokers List
These are the regulated brokers that offer ECN trading:
| Broker | Detail | |
|---|---|---|
 BDSwiss
|
Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App Regulation: FSC, FSA |
1
|
 BlackBull Markets
|
Min. Deposit: 50 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: FMA, FSA |
2
|
 FP Markets
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: IRESS, MT4, MT5 Regulation: ASIC, CySEC |
3
|
 Pepperstone
|
Min. Deposit: 200 US$ Max. Leverage: 1:30 to 1:400 Trading Platforms: MT4, MT5, cTrader, TradingView Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN |
4
|
 HFM
|
Min. Deposit: 5 US$ Max. Leverage: 1:30 | 1:1000 Trading Platforms: MT4, MT5 Regulation: CySEC, FCA, DFSA, FSCA, FSA |
5
|
 Axiory
|
Min. Deposit: 10 US$ Max. Leverage: 1:777 Trading Platforms: MT4, MT5, cTrader Regulation: FSC, FSC |
Axiory Review |
 FBS
|
Min. Deposit: 1 USD Max. Leverage: 1:30 Trading Platforms: MT4, MT5, FBS trader, CopyTrade Regulation: CySEC, FSC, FSCA, ASIC |
FBS Review |
 Eightcap
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5 Regulation: ASIC, SCB |
Eightcap Review |
 FXCC
|
Min. Deposit: No minimum deposit Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4 Regulation: CySEC, VFSC |
FXCC Review |
 IC Markets
|
Min. Deposit: 200 US$ Max. Leverage: 1:30 | 1:500 Trading Platforms: cTrader, MT4, MT5 Regulation: ASIC, CySEC |
IC Markets Review |