ECN Forex Brokers

  1. What is ECN?
  2. Best ECN Brokers
  3. What is ECN fee?
  4. What is True ECN Broker?
  5. ECN vs Standard Account
  6. ECN Forex Brokers who accept US Clients
  7. ECN Forex Brokers List

What is ECN Brokers Forex?

ECN Brokers 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, while at some time EUR USD spread maybe even 0 pips.

However, only well-regulated and established Brokers can truly guarantee its ECN environment use, as we found many scammers pretending to be ECNN Brokers. Learn about NASDAQ market participants

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

What is ECN Platform?

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. Where ECN Platform is Broker or Platform that performs its execution and operation via ECN.

Read more about ECN on Wikipedia and important points to consider while trading ECN below, also we highlight ECN trading advantages and Disadvantages.

  • 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 are starting from 0 pips (Zero Spread Brokers list), yet it does not necessarily mean lower trading costs, at times costs are even higher than non ECN Brokers offer
  • 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 Brokers and technology in fac is 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.

ECN Trading AdvantagesECN Trading Disadvantages
Straight and Fast ExecutionBetter for Professional use
Connection to Interbank MarketCommission Based
Variable Raw SpreadsCosts can be higher
TransparencyNot many Brokers provide true ECN

Top 5 Best ECN Forex Brokers

Here is our Top selection of Best ECN Brokers by category that are Regulated Forex Brokers with some of the best ECN trading conditions based on our Expert tests and reviews, trustable standards of operation and transparent conditions.

  • HFM – Best Overall ECN Broker 2022
  • BlackBull Markets – Best Lowest Spread ECN Broker 2022
  • FP Markets – Best MT4 ECN Broker 2022
  • Pepperstone– Best for Beginners ECN Broker 2022
  • BDSwiss – Best Forex ECN environment for Scalping 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, which might be better suitable for beginners in our opinion. While the ECN works with commission fee model, 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 Broker List

These are the Regulated Brokers we researched and found as best for ECN trading or those with ECN Trading Conditions:

Broker Detail
HFM
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
1
HFM Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
2
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5
Regulation: ASIC, CySEC, St. Vincent and the Grenadines
3
FP Markets Review
Pepperstone Review 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
Pepperstone Review
BDSwiss Review BDSwiss
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader and App
Regulation: FSC, FSA
5
BDSwiss Review
Axiory
Min. Deposit: 10 US$
Max. Leverage: 1:777
Trading Platforms: MT4, MT5, cTrader
Regulation: FSC
Axiory Review
FBS
Min. Deposit: 1 USD
Max. Leverage: 1:3000
Trading Platforms: MT4, MT5, FBS trader
Regulation: CySEC, FSC, FSCA, ASIC
FBS Review
Eightcap
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB
Eightcap Review
Orbex Review Orbex
Min. Deposit: US$100
Max. Leverage: 1:500
Trading Platforms: MT4
Regulation: MFSC
Orbex Review
RoboMarkets RoboMarkets
Min. Deposit: $100
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, R Stocks Trader
Regulation: CySEC
RoboMarkets Review