ECN Forex Brokers

 

ECN stands for “Electronic Communication Network” - a system that is designed to eliminate the role of a middleman in order execution. In simple words this means that when a trader signs up for ECN execution, they get direct access to other participants in the forex market – i.e. otherb individual traders, brokerages, hedge funds or banks. A big advantage of ECN is that it also eliminates any conflict of interest as the broker is no longer the opposite side in the transaction and is, instead, simply a facilitator – so when traders lose, the broker doesn't profit. 

 

Many traders choose to trade with ECN brokers for a number of reasons: the deep liquidity access they get, the lack of requotes, the improved, faster execution, and most of all – the spreads that are significantly lower than these of a market maker, for example.

 

Because of the high execution speed and low spreads, ECN trading is particularly suitable for scalpers and news traders.

 

There are two main disadvantages of trading with an ECN. The first one is that fact that traders need to pay a markup or a commission along with the brokers' spreads (this is how brokers actually make money). The second con is that usually you need quite a big initial investment to open an ECN account, however there are brokers out there that let you trade with ECN execution with a smaller first deposit – take Trader's Way, for example, where you only need $100 to register an ECN account.

 

The two most popular platforms designed especially for ECN trading are Spotware's cTrader, and Currenex's PowerTrader.

 

 

MT4 ECN brokers Micro Account ECN Brokers  PayPal ECN brokers 
     


ECN Forex Brokers

Broker Regulated Min.deposit Leverage Spread Promotion Review
$5 1:1000 0.5 Review Website
$50 1:400 0.2 Review Website
$1 1:200 0.8 Review Website
$5 1:888 1.1 100% Bonus Review Website
$100 1:500 0.8 Review Website
$10 1:2000 1.7 Review Website
$100 1:200 1.2 Free VPS Review Website
$5000 1:100 1 Review
$200 1:500 0 Review
$50 1:200 (1:50 in US) 1.1 Review Website
$10 000 1:100 2 Review
$1 1:500 2 $100 Review
  $1 1:1000 1 100% bonus Review
$500 1:400 1.4 Review
$200 1:500 1 Review
$10 000 1:50 1 Review
$250 1:50 2 8% Bonus Review
$250 1:500 1 Review
$20 1:500 1.2 Review
$100 1:400 Review
  $100 1:500 1.3 Review
$100 200:1 1 Review Website
No 1:500 1.6 Review
$20 1:500 1.8 pips Review
2,500 1:50 2 Review
$1 1:500 0.9 Review Website
$100 1:300 0.4 Review
$25 1:500 Review
$50000 1:100 0.5 Review
$200 1:500 1.6 Review
$1,000,000 1:50 0.1 Review
$100 1:200 1 25% Bonus Review
$1 1:3000 1 $5 bonus Review
$1000 1:200 1.8 Review
$5 000 1:50 1 Review
$100 1:500 0.7 Review
$500 1:50 1.5 Review
  $100 1:400 0.9 Review
  $100 1:200 2 Review
$1000 1:50 1 Review
  $50 1:100 1 Review
$5000 1:200 2 up to 20% Bonus Review
$50 1:500 1 30% Review Website
$500 1:500 1 Review
$50 1:200 1 Review
  $100 1:100 1 Review
$400 1:100 0.8 Get paid Review
  $250 1:400 2 Review
$1 1:400 0.9 Review
  $200 1:100 Review
$750 1:200 0.9 Review
$50 1:500 0.6-2 Review
$5 1:500 0 Review
$100 1:300 1 Review
$2500 1:400 Review
$500 1:500 0.4 40% Bonus Review
$100 1:500 1.4 Review
$200 1:500 2 Review
$100 1:500 0.2 Review
$100 1:500 Review
$25 1:500 2 pips Review
$2 1:2000 0.9 Review
$10 1:400 1.8 Review
Review
  $100 1:500 1.9 $100 no-deposit welcome bonus Review
$1 1:100 1.6 Review
  $200 1:100 Review
  $500 1:100 Review
$500 1:400 1 Review
100 1:200 1.6 Review
$5 Review
$100 500:1 Review
$200 1:100 1.3 Review
$100 1:500 1.4 Review
£200 1:400 0.9 Review
$500 1:100 1.2 Review
£5000 1:300 0.7 Review
$5 1:1000 1.3 Review
$50 1:500 1 Review
$5 1:400 1.8 Review
$200 1:500 0.8 Review
  $100 1:300 1.7 Review
$250 1:300 1.8 Review
$500 1:400 1 Review
$500 1:500 1.5 Review
$50 1:100 1.2 Review
$300 1:500 1.4 Review
$5000 1:100 1 Review
$100 1:500 2,4 Review
  $25 Review
$1 1:500 1.4 Review
$500 1:400 0.9 Review
$300 1:200 1.7 Review
$1 1:1000 1 Review
$1 1:1000 1 Review
$100 1:200 3 Review
£100 1:300 1.5 Review
$50 1:400 1.5 Review
  $50 1:500 1.4 Review
$100 1:500 0.9 Review
$500 1:100 0.9 Review
  $1 1:200 1 Review
$100 1:400 1.3 Review
  $1000 1:400 1.5 Review
$100 1:500 1.6 Review
$500 1:100 1.3 Review
$1 1:400 1 Review
  $10 1:500 1.2 Review
  $500 1:400 2.5 Review
  $10 1:500 1.6 Review
$500 1:200 1.2 Review
$1000 1:200 0.9 Review
$1000 1:200 1.3 Review
$500 1:100 0,6 Review
$200 1:400 1.2 Review
1:100 1 Review
$100 1:500 1.9 Review
$200 1:400 1.5 Review
  No 1:500 Review
$100 1:200 1 Review
  $10 1:100 0.3 Review
$500 1:400 3 pips Review
$250 1:50 1 5% Bonus Review
- 1:2000 1 Review
$100 1:1000 0.9 Review
$1000 100:1 0.9 Review
  $500 1:400 1 Review
$400 1:50 0.9 Review
  $10 1:1000 1.1 30% Bonus Review
$2,000 1:50 0.9 Review
  $1 1:1000 2 Review
  $20 1:500 1.1 Review
  $10 1:500 2 Review
$1 1:1000 2 Review
  $200 1:200 1 Review
  $1 1:100 1 Review
  $500 1:500 1.2 Review
  $100 1:2000 2 Review
  $5 1:400 1.7 Review
  $50 1:200 1.7 Review
$100 1:1000 1.2 Review
  $100 Review
  $100 1:500 2.5 Review
$5 1:500 1 20% Bonus Review Website
  $500 1:200 2.8 30% - 50% bonus Review
  $50 1:500 Review