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.

ECN US SEC

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
Exness Review Exness
Min. Deposit: 1 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: CySEC, FCA, SFSA
Exness Review
IC Markets Review IC Markets
Min. Deposit: 200 US$
Max. Leverage: 1:500
Trading Platforms: cTrader, MT4, MT5
Regulation: ASIC, CySEC
IC Markets Review
OctaFX
Min. Deposit: 100 EUR
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT5, cTrader
Regulation: CySEC
OctaFX Review
Orbex Review Orbex
Min. Deposit: 200 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, MFSC
Orbex Review
etoro_review eToro
Min. Deposit: US$200
Max. Leverage: 1:30
Trading Platforms: eToro Platform
Regulation: CySEC,FCA, ASIC
eToro Review
avatrade review AvaTrade
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:400
Trading Platforms: MT4, AvatradeGo
Regulation: Bank of Ireland, ASIC, JFSA, FSCA
AvaTrade Review
Scandinavian Capital Markets logo Scandinavian Capital Markets
Min. Deposit: 10,000 US$
Max. Leverage: 1:30 | 1:100
Trading Platforms: Currenex, cTrader, MT4
Regulation: Swedish FSA
Scandinavian Capital Markets Review
CharterPrime logo CharterPrime
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4
Regulation: FSP
CharterPrime Review
MultiBank Exchange Group logo MultiBank Exchange Group
Min. Deposit: 50 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: Maximus Platform, ECN PRO Platfrom, MultiBank Pro Platfrom, MT4, MT5
Regulation: ASIC, BaFin, RAK
MultiBank Exchange Group Review
Just2trade logo Just2Trade
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, CQG
Regulation: CySEC
Just2Trade Review