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 Forex Broker automatically match trading orders to sell or buy via ECN or Electronic Communication Network, while ECN meaning 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

What is the benefit of ECN account?

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.

Who can trade on ECN?

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 2024
  • BlackBull Markets – Best Lowest Spread ECN Broker 2024
  • FP Markets – Best MT4 ECN Broker 2024
  • Pepperstone– Best for Beginners ECN Broker 2024
  • BDSwiss – Best Forex ECN environment for Scalping 2024
  • FXTM – True ECN Broker 2024

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 Broker 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 account. 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 Trading Forex Broker List

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

Broker Detail
Synergy FX
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: ASIC
Synergy FX Review
ACY Securities Review Logo ACY Securities
Min. Deposit: US$50
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5
Regulation: ASIC, VFSC
ACY Securities Review
VT Markets
Min. Deposit: US$200
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, WebTrader
Regulation: ASIC, CIMA, SVGFSA
VT Markets Review
CommSec logo CommSec
Min. Deposit: 500 US$
Max. Leverage: 1:500
Trading Platforms: CommSec, CommSecIRESS
Regulation: ASIC
CommSec Review
Abshire Smith Review Abshire Smith
Min. Deposit: 250 US$
Max. Leverage: 1:30
Trading Platforms: VertexFX10, MT4, Straticator
Regulation: FCA
Abshire Smith Review
BCR Review BCR Bacera
Min. Deposit: US$300
Max. Leverage: 1:30 | 1:400
Trading Platforms: BCR Trader, BCR Apps
Regulation: ASIC, BVIFSC
BCR Bacera Review
EVFX Review EVFX
Min. Deposit: 500 US$
Max. Leverage: 1:30
Trading Platforms: Currenex, FastMatch, Integral, FXall, digitalvega, hotspotFX, solidFX, FXCMPRO, FXONE
Regulation: FCA
EVFX Review
Lirunex logo Lirunex
Min. Deposit: US$500
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC
Lirunex Review
VARIANSE Review VARIANSE
Min. Deposit: $500
Max. Leverage: 1:30 | 1:500
Trading Platforms: cTrader, MT4, FIX API
Regulation: FCA, FSC, LFSA
VARIANSE Review
Fondex Review Kawase Exchange | Fondex
Min. Deposit: No minimum deposit
Max. Leverage: 1:30
Trading Platforms: cTrader
Regulation: CySEC, FSA
Kawase Exchange | Fondex Review