ECN Forex Brokers
ECN or Electronic Communication Network is a technology bridge built with the purpose to links retail Forex market participants or traders to liquidity providers. So eventually 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.
What is ECN Broker?
So ECN Brokers automatically match requested trading orders to sell or buy at the best available price from available market participants (Learn about NASDAQ market participants), while at some time EUR USD spread maybe even 0 pip.
Apart from the competitive trading costs and due to its functions ECN technology also results in extended trading time too, along with high efficiency for automated trading and a variety of strategies suitable for both retail or institutional traders. Besides, ECN execution cannot cause any misunderstanding between the trader and the broker as its interbank connectivity brings transparent trading conditions.
What is ECN fee?
The trading Brokers offering ECN Account and connection usually offer an interbank spread from 0.0 pips and do charge a fixed commission per lot as a trading cost or fee.
ECN vs Standard Account
Unlike Forex market maker brokers offering Standard Account that typically charge fixed spread for Forex trading added above the quotes you can see via trading terminal, the ECN working with commission fee model. It means, typically there is no commission charge for Standard accounts, but a spread only basis while ECN costs split between the interbank spread from 0 pip and commission charge per lot.
- Depending on the strategy you deploy 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.
Best ECN Forex Broker
Firstly, the Best ECN Broker is a heavily regulated broker, as it is a trustable one in which you would not worry about necessary compliance and safety measures towards your money. The only way to trade with a true ECN Broker is to select among the broker with the confirmed regulatory status along with its strong legit obligations. Learn about different type of brokers through SEC website.
Like the Regulated Brokers you will find in the listing below offers some of the best ECN trading conditions along with applicable standards of operation, transparent conditions and privacy policy.
- GO Markets– Best Overall ECN Broker 2020
- FP Markets – Lowest Spread ECN Broker 2020
- Exness – Best MT4 ECN Broker 2020
- XM – Best ECN Broker for Beginners 2020
- Pepperstone– Best for Scalping and EA ECN 2020
ECN Forex Brokers List
These are the regulated brokers that offer ECN trading:
| Broker | Detail | |
|---|---|---|
 FXTM | Min. Deposit: US$200 Max. Leverage: 1:30 | 1:200 Trading Platforms: MT4, MT5, FTXM Trader Regulation: CySEC,FCA, FSCA | 1 |
 GO Markets | Min. Deposit: 200 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, WebTrader Regulation: ASIC, CySEC | 2 |
 FP Markets | Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: IRESS, MT4, MT5 Regulation: ASIC, CySEC | 3 |
 Pepperstone | Min. Deposit: 200 US$ Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4, MT5, cTrader Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN | 4 |
 BDSwiss | Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App Regulation: ESMA, CySEC, FSC, NFA, FSA | 5 |
 Axiory | Min. Deposit: 50 US$ Max. Leverage: 1:777 Trading Platforms: MT4, cTrader Regulation: IFSC | Axiory Review |
 HotForex | Min. Deposit: 5 US$ Max. Leverage: 1:30 | 1:1000 Trading Platforms: MT4, MT5 Regulation: CySEC, FCA, DFSA, FSCA | HotForex Review |
 Infinox | Min. Deposit: 100 US$ Max. Leverage: 1:30 | 1:200 Trading Platforms: MT4, IXO Regulation: FCA, SCB, FSCA, FSC | Infinox Review |
 BlackBull Markets | Min. Deposit: 200 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: FMA, FSA | BlackBull Markets Review |
 EightCap | Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: ASIC | EightCap Review |