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Forex

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 
     


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ECN Forex Brokers

Broker Country Regulation Platforms Min.deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Cyprus CySEC in-house mobile
app
$50 Review Website
Seychelles FinaCom MT4, Web $10 Review Website
Switzerland FINMA Web, JForex $5000 Review
Australia ASIC MT4, MT5,
cTrader
$200 Review
US, UK, Australia, Canada, Japan CFTC/NFA, FCA, ASIC MT4, Web,
ForexTrader,
Tradable
$50 Review
Denmark, UK FSA, FCA, ASIC Web, SaxoTrader $10 000 Review
UK, Australia FCA, ASIC MT4, MT5, Web,
Mirror Trader
$1 Review
Dominica No MT4, cTrader $1 Review
Australia ASIC MT4 $500 Review
New Zealand FMA MT4 $200 Review
Malta MFSA MT4, Web,
Mirror Trader,
MTXtreme
$1 Review
US, UK, Australia, Canada NFA, CFTC, FCA, ASIC Web, Trader
Workstation,
FXTrader, PTMC
$10 000 Review
Malta MFSA MT4, Mirror
Trader
,
Currenex
$250 Review
UK, Australia FCA, ASIC MT4 $250 Review
UK, Cyprus FCA, CySec MT4, cTrader $20 Review
Australia ASIC MT4, IRESS
Trader,
MaxxTrader, FX
Inside
$25 000 Review
Cyprus CySec MT4, Web,
NetStation
$100 Review
UK FCA MT4, Z.com
Trader
$1 Review
UK FCA MT4, cTrader No Review
UK, Cyprus, Australia CySEC, FCA, ASIC MT4, Web $20 Review
Bulgaria FSC, FCA, CNMV, BaFIN MT4, MT5, Web,
SaxoTraderGo
N/A Review
UK FCA MT4, Web,
Prodigy
$500 Review
US N/A MT4, Currenex 2,500 Review
New Zealand FMA MT4, Kiwi
Trader
$1 Review
Cyprus CySEC MT4 $100 Review
EU CySEC MT4, Web $25 Review
Australia N/A MT4, Web,
Currenex
$50000 Review
Marshall Islands, Cyprus CySEC MT4, MT5 $10 Review
Belize IFSC MT4, MT5, Web,
Mirror Trader
$200 Review
Bulgaria FSC MT4, Web, Delta
Trading
$100 Review
UK FCA MT4 $1000 Review
US, UK CFTC/NFA, FCA MT4 $5 000 Review
Australia ASIC MT4, MT5, Web $100 Review
Cayman Islands CIMA MT4, cTrader,
Currenex
$100 Review
Cyprus N/A MT4, Web $50 Review
Australia ASIC MT4 $500 Review
Australia ASIC MT4, Trading
Station, Active
Trader
$50 Review
Australia, UK ASIC MT4 $1 Review
Mauritius, Cyprus FSC, CySEC MT4, MT5 $5 Review
Latvia FCMC Web, JForex $100 Review
MT4 N/A Review
Cyprus CySec MT4, Web $500 Review
Cyprus CySEC MT4, Web $100 Review
Cyprus CySec MT4 $200 Review
Belize IFSC MT4 $25 Review
Belize IFSC MT4 $2 Review
New Zealand FMA MT4 $300 Review
UK FCA MT4,
DealingScreen,
Currenex
$500 Review
Cyprus CySEC MT4, Signal
Trader
100 Review
UK, Seychelles FCA MT4, Web, MT4
for Mac
$25 Review
Cyprus CySec cTrader $100 Review
Australia ASIC MT4, Philip
FX365, Philip
CFDTrader
$200 Review
UK,China, Hong Kong, the UAE and Australia FCA, ASIC MT4, Pure ECN
Pro
$100 Review
UK FCA MT4 £200 Review
UK FCA MT4 $500 Review
UK FCA MT4, Atom8
Trader
£5000 Review
Cyprus CySEC MT4, FXFIN
Protrader,
FXFINPRO JForex
$50 Review
Cyprus CySEC MT4 $5 Review
New Zealand FMA MT4 $200 Review
St. Vincent and the Grenadines N/A MT4 $100 Review
Cyprus CySEC MT4 $250 Review
Cyprus CySEC MT4 $500 Review
UK FCA MT4 $50 Review
New Zealand, UK FMA, FCA MT4 $300 Review
UK FCA MT4 $5000 Review
Australia, New Zealand ASIC, FMA MT4, Web $100 Review
SVG N/A MT4, Web $25 Review
SVG, Hong Kong, Russia Financial Commission MT4, Web,
xStation
$1 Review
Malta MFSA MT4, Web, NSFX
Pro
$300 Review
Belize, SVG IFSC MT4, MT5, Web $1 Review
Mauritius FSC MT4 $1 Review
Cyprus CySEC MT4, Web $100 Review
UK FCA MT4, Web £100 Review
UK FCA MT4, AlphaPro $50 Review
UK FCA MT4 $100 Review
Latvia FCMC MT4 $500 Review
N/A N/A MT4, Web $1 Review
Australia ASIC MT4 $100 Review
UK FCA MT4 $1000 Review
Belize IFSC MT4 $100 Review
Australia ASIC MT4 $500 Review
Australia, Cyprus, Lebanon ASIC, CySEC, CBL MT4 $1 Review
Marshall Islands N/A MT4, Sirix Web
Trader
$500 Review
Cyprus CySEC MT4 $500 Review
Cyprus CySEC MT4 $1000 Review
Cyprus CySEC MT4 $1000 Review
Cyprus CySEC MT4 $500 Review
Cyprus CySEC MT4, Web $200 Review
UK FCA MT4, Web Review
Australia ASIC MT4, JForex $100 Review
Cyprus CySEC MT4 $200 Review
Australia ASIC MT4, No No Review
Cyprus CySEC MT4, MT5,
TradeX
$100 Review
Latvia FCMC MT4 $10 Review
UK FCA MT4, Web $500 Review
UK FCA MT4 $5 Review
Malta MFSA MT4, JForex $200 Review
Bulgaria FSC MT4, Web,
SaxoTraderGo
No Review
UAE SCA MT4, Currenex,
EOS Trader
$100 Review
Cyprus CySEC MT4, Sirix $100 Review
Cyprus CySEC MT4 $1 Review
UK FCA MT4 $500 Review
Malta MFSA MT4 $250 Review
Germany CySEC MT4, Sirix web €100 Review
Cyprus CySEC MT4, ArumPro,
ArumInvest
$100 Review
Cyprus CySec MT4, MT5 $1 Review
Cyprus CySec MT4, Currenex $100 Review
Cyprus CySec MT4, FIX API $1000 Review
Vanuatu VFSC, FinaCom MT4 $500 Review
Belize IFSC MT4 $5 Review
Panama, BVI N/A MT4 $500 Review
St. Vincent and the Grenadines No MT4 $1 Review
Spain CNMV iBroker Web €100 Review
US NFA / CFTC MT4, Web,
MBTDesktop
$400 Review
Germany None MT4, cTrader $0 Review
N/A N/A xStation $500 Review
Cyprus, Belize CySEC, IFSC MT4, Sirix web $5 Review
US NFA, CFTC MT4, PathFinder
Trader
$2,000 Review
St. Vincent N/A MT4, MT5, Web,
cTrader
$100 Review
UAE N/A MT4 $10 Review
Finland N/A MT4 $200 Review
UK No MT4, FinPro
Station,
Zulutrade
$5 Review
BVI BVI Financial Services Commission MT4 $500 Review
UK N/A MT4 $50 Review
Marshall Islands N/A MT4 $10 Review
Marshall Islands N/A MT4, xStation $20 Review
Marshall Islands N/A MT4 $10 Review
St. Vincent and the Grenadines N/A MT4,
NetStation,
ClearPro
$10 Review
Belize IFSC MT4 $1 Review
Vanuatu N/A MT4, Web $200 Review
SVG N/A MT4, MT5, Web $1 Review
Dominica N/A MT4, cTrader $500 Review
SVG N/A MT4 $100 Review
Belize N/A MT4, MT5,
cTrader
$5 Review
Dominica N/A MT4, Web $50 Review
Belize IFSC MT4, Web $100 Review
UK None MT4 $100 Review
Belize IFSC MT4 $50 Review
Russia None MT4, MT5 No Review
SVG N/A MT4, SFX Web $300 Review
Marshall Islands None MT4, Web,
xStation
£/€/$250 Review
UK None MT4, Web $5 Review
Marshall islands None MT4 $100 Review
UAE N/A MT4 $10 Review
Marshall Islands N/A MT4, Currenex,
ActTrader,
UniTrader
$50 Review
Belize None MT4, MT5 $5 Review
Estonia, Forex.ee N/A MT4 $50 Review
UK, New Zealand N/A Web $100 Review
Malta None MT4 $250 Review
Marshall Islands, UK N/A MT4 $200 Review
SVG N/A MT4 $50 Review
Bulgaria None MT4 $500 Review
UK N/A MT4 $25 Review
UK None MT4 N/A Review
UK N/A MT4 $50 Review
Vanuatu VFSC MT4 $100 Review
NZ N/A MT4, xStation $50 Review
Vanuatu VFSC MT4 $20 Review
Vanuatu VFSC MT4 $100 Review
Vanuatu VFSC MT5 VFSC Review
Vanuatu VFSC MT4 $1000 Review
UK None MT4 $25 Review
SVG SVGFSA MT4 $25 Review
Marshall Islands N/A MT4, Web $100 Review
Australia, Vanuatu VFSC MT4, Vertex,
Fortex
$100 Review
SVG N/A MT4 $5 Review
South Africa FSB MT4 $5000 Review
Kuwait N/A MT4 $100 Review
Vanuatu VFSC MT4 Review
Vanuatu VFSC MT4, Web $100 Review
Cyprus, UK CySEC MT4, Sirix N/A Review
SVG SVG FSA MT4 $10 Review
Vanuatu VFSC $250 Review
Malaysia None MT4 $100 Review
N/A N/A MT4 $1 Review
SVG N/A MT4 $100 Review
SVG None MT4, Web $10 Review
Ukraine N/A MT4 $10 Review
Vanuatu VSCF MT4, Web $1 Review
SVG N/A MT4 $1000 Review
Seychelles N/A MT4 $20 Review
N/A N/A MT4, Gainsy $10 Review
SVG N/A MT4 $100 Review
Vanuatu VFSC MT4 $500 Review
Vanuatu VFSC MT4 $300 Review
Cyprus CySec MT4 $5 Review
British Virgin Islands N/A MT4, Currenex,
MBCFX CFD
$200 Review
Marshall Islands N/A MT4, Web,
Webtrade24
$500 Review
Dubai None MT4 $500 Review
Vanuatu VFSC MT4 $50 Review
Vanuatu VFSC MT4 $100 Review
UK N/A MT4 $50 Review
New Zealand FMA MT4, Sirix web $200 Review
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Related News

Grand Capital upgrades ECN accounts

Jul 12 2017 07:43:54 Jonathan Smith in Brokers

 Forex and binary options broker Grand Capital announced it has teamed up with fintech company AMTS Solutions to upgrade its ECN accounts. Starting from July 11, the broker's ECN Prime accounts will offer better order execution, particularly in terms of speed. Read more

FXTM improves margins for Indices and Commodities CFDs on ECN accounts

Feb 06 2017 12:32:19 Jonathan Smith in Brokers

Cypriot forex and CFD brokerage FXTM announced amendments to trading conditions of certain instruments previous week. The broker alters margin requirements for Indices and Commodities CFDs on its ECN server as of today, February 6. Read more

Gain Capital’s GTX launches ECN FX matching engine in Japan

Nov 17 2016 11:56:50 Stanimir Zhelev in Brokers

Major brokerage Gain Capital Holdings (NYSE: GCAP) said its institutional brand GTX will launch a new matching engine for its flagship ECN in Tokyo. Read more

FXCM launches raw-spread forex accounts in Japan

Sep 03 2014 11:52:01 Yassen Vassilev in Brokers

FXCM, the biggest US forex broker, is to offer ECN raw-spread accounts with fixed commissions to its Japanese clients.   Raw-spreads for major currency pairs may be as low as zero since no markup is applied. Read more

Alpari Russia introduces ECN accounts with improved trading terms

Aug 08 2014 12:15:43 Yassen Vassilev in Brokers

Starting from 18 august 2014 Alpari Russia will offer a new improved line of ECN accounts. The changes allowing smaller lot size and unlimited number of open positions will help customers with relatively low balances to control their risk better.   A new pro.mt4 will replace ecn.mt4. Read more

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