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 
     


ECN Forex Brokers

Broker Country Regulation Leverage Min.deposit Review
Cyprus CySec 1:1000 $5 Review Website
UK, Australia FCA, ASIC 1:400 $50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin 1:200 $0 Review Website
Seychelles FinaCom 1:2000 $10 Review Website
Belize IFSC 1:200 $100 Review Website
Belize IFSC 1:3000 $1 Review Website
Switzerland FINMA 1:100 $5000 Review
Australia ASIC 1:500 $200 Review
US, UK, Australia, Canada, Japan CFTC/NFA, FCA, ASIC 1:200 (1:50 in US) $50 Review
Denmark, UK FSA, FCA, ASIC 1:100 $10 000 Review
UK, Australia FCA, ASIC 1:500 $1 Review
Dominica No 1:1000 $1 Review
Australia ASIC 1:400 $500 Review
New Zealand FMA 1:500 $200 Review
MFSA 1:400 $1 Review
US, UK, Australia, Canada NFA, CFTC, FCA, ASIC 1:50 $10 000 Review
Malta MFSA 1:50 $250 Review
UK, Australia FCA, ASIC 1:500 $250 Review
UK, Cyprus FCA, CySec 1:500 $20 Review
New Zealand 1:400 $100 Review
1:500 $100 Review
Australia ASIC 1:400 $25 000 Review
Cyprus CySec 200:1 $100 Review
UK FCA 1:500 No Review
UK, Cyprus, Australia CySEC, FCA, ASIC 1:500 $20 Review
Bulgaria FSC, FCA, CNMV, BaFIN 1:200 N/A Review
UK FCA 1:500 $500 Review
1:50 2,500 Review
1:500 $1 Review
CySEC 1:300 $100 Review
EU CySEC 1:500 $25 Review
ASIC 1:100 $50000 Review
Belize IFSC 1:500 $200 Review
1:50 $1,000,000 Review
Bulgaria FSC 1:200 $100 Review
UK FCA 1:200 $1000 Review
US, UK CFTC/NFA, FCA 1:50 $5 000 Review
Australia ASIC 1:500 $100 Review
1:50 $500 Review
Cayman Islands CIMA 1:400 $100 Review
1:50 $1000 Review
1:100 $50 Review
1:200 $5000 Review
Cyprus N/A 1:500 $50 Review
Australia ASIC 1:500 $500 Review
Australia ASIC 1:200 $50 Review
1:100 $400 Review
1:400 $250 Review
Australia, UK ASIC 1:400 $1 Review
1:100 $200 Review
1:200 $750 Review
Cyprus CySec 1:500 $50 Review
Mauritius, Cyprus FSC, CySEC 1:500 $5 Review
1:300 $100 Review
1:400 $2500 Review
Cyprus CySec 1:500 $500 Review
CySEC 1:500 $100 Review
1:500 $200 Review
1:500 $100 Review
Belize IFSC 1:500 $25 Review
Belize IFSC 1:2000 $2 Review
1:400 $10 Review
New Zealand FMA 1:300 $300 Review
Marshall Islands N/A 1:500 $100 Review
1:100 $1 Review
UK FCA 1:400 $500 Review
Cyprus CySEC 1:200 100 Review
UK, Seychelles FCA 500:1 $25 Review
Cyprus CySec 500:1 $100 Review
Australia ASIC 1:100 $200 Review
UK,China, Hong Kong, the UAE and Australia FCA, ASIC 1:500 $100 Review
UK FCA 1:400 £200 Review
UK FCA 1:100 $500 Review
UK FCA 1:200 £5000 Review
Belize IFSC 1:1000 $5 Review
Cyprus CySEC 1:500 $50 Review
Cyprus CySEC 1:400 $5 Review
New Zealand FMA 1:500 $200 Review
St. Vincent and the Grenadines N/A 1:300 $100 Review
Cyprus CySEC 1:300 $250 Review
Cyprus CySEC 1:500 $500 Review
UK FCA 1:100 $50 Review
New Zealand, UK FMA, FCA 1:500 $300 Review
UK FCA 1:100 $5000 Review
Australia, New Zealand ASIC, FMA 1:500 $100 Review
SVG N/A 1:500 $25 Review
SVG, Hong Kong, Russia Financial Commission 1:500 $1 Review
Malta MFSA 1:200 $300 Review
Belize, SVG IFSC 1:1000 $1 Review
Mauritius FSC 1:1000 $1 Review
Cyprus CySEC 1:200 $100 Review
UK FCA 1:300 £100 Review
UK FCA 1:400 $50 Review
UK FCA 1:500 $100 Review
Latvia FCMC 1:100 $500 Review
N/A N/A 1:200 $1 Review
Australia ASIC 1:400 $100 Review
UK FCA 1:400 $1000 Review
Belize IFSC 1:500 $100 Review
Australia ASIC 1:100 $500 Review
Australia ASIC, CySEC 1:400 $1 Review
Marshall Islands N/A 1:400 $500 Review
Cyprus CySEC 1:200 $500 Review
Cyprus CySEC 1:200 $1000 Review
Cyprus CySEC 1:200 $1000 Review
Cyprus CySEC 1:100 $500 Review
Cyprus CySEC 1:400 $200 Review
UK FCA 1:100 Review
Australia ASIC 1:500 $100 Review
Cyprus CySEC 1:400 $200 Review
Australia ASIC 1:500 No Review
Cyprus CySEC 1:200 $100 Review
Latvia FCMC 1:100 $10 Review
UK FCA 1:400 $500 Review
UK FCA 1:500 $5 Review
Malta MFSA 1:200 $200 Review
Bulgaria FSC 1:200 No Review
UAE SCA 1:1000 $100 Review
Cyprus CySEC 1:200 $100 Review
Cyprus CySEC 1:50 $1 Review
UK FCA 1:500 $500 Review
Malta MFSA 1:200 $250 Review
Germany CySEC 1:200 €100 Review
Cyprus CySec 1:2000 $1 Review
Cyprus CySec 1:1000 $100 Review
Cyprus CySec 100:1 $1000 Review
Vanuatu VFSC, FinaCom 1:400 $500 Review
Panama, BVI N/A 1:400 $500 Review
St. Vincent and the Grenadines No 1:1000 $1 Review
Spain CNMV 1:100 €100 Review
US NFA / CFTC 1:50 $400 Review
Marshall Islands No 1:1000 $10 Review
Germany None 1:500 $0 Review
US NFA, CFTC 1:50 $2,000 Review
St. Vincent N/A 1:500 $100 Review
UAE N/A 1:1000 $10 Review
1:200 $200 Review
UK No 200:1 $5 Review
BVI BVI Financial Services Commission 1:400 $500 Review
UK N/A 1:500 $50 Review
Marshall Islands N/A 1:500 $10 Review
Marshall Islands N/A 1:500 $20 Review
Marshall Islands N/A 1:500 $10 Review
St. Vincent and the Grenadines N/A 1:500 $10 Review
Belize IFSC 1:1000 $1 Review
Vanuatu N/A 1:200 $200 Review
SVG N/A 1:100 $1 Review
Dominica N/A 1:500 $500 Review
SVG N/A 1:2000 $100 Review
Belize N/A 1:400 $5 Review
Dominica N/A 1:200 $50 Review
Belize IFSC 1:1000 $100 Review
UK None $100 Review
Belize IFSC 1:500 $50 Review
Russia None 1:100 No Review
SVG N/A 1:100 $300 Review
SVG None 1:200 £/€/$250 Review
UK None 1:200 $5 Review
Marshall islands None 1:400 $100 Review
UAE N/A 1:400 $10 Review
Marshall Islands N/A 1:200 $50 Review
Belize None 1:1000 $5 Review
Estonia, Forex.ee N/A 1:500 $50 Review
UK, New Zealand N/A 1:400 $100 Review
Malta None 1:400 $250 Review
Marshall Islands, UK N/A 1:500 $200 Review
SVG N/A 1:500 $50 Review
Bulgaria None 1:400 $500 Review
UK N/A 1:500 $25 Review
UK None 1:1000 N/A Review
UK N/A 1:500 $50 Review
Vanuatu VFSC 1:400 $100 Review
NZ N/A 1:100 $50 Review
Vanuatu VFSC 1:500 $20 Review
Vanuatu VFSC 1:1000 $100 Review
Vanuatu VFSC 1:1000 VFSC Review
Vanuatu VFSC 1:1000 $1000 Review
UK None 1:1000 $25 Review
SVG SVGFSA 1:500 $25 Review
Marshall Islands N/A 1:500 $100 Review
Australia, Vanuatu VFSC 1:400 $100 Review
SVG N/A 1:888 $5 Review
South Africa FSB 1:100 $5000 Review
Kuwait N/A 1:400 $100 Review
N/A N/A 1:1000 $1 Review
SVG N/A 1:1000 $100 Review
Ukraine N/A 1:500 $10 Review
Vanuatu VSCF 1:1000 $1 Review
SVG N/A 1:100 $1000 Review
Seychelles N/A 1:500 $20 Review
N/A N/A 1:500 $10 Review
SVG N/A 1:500 $100 Review
SVG None 1:500 $10 Review
1:500 $5 Review
Dubai None 1:300 $500 Review
Marshall Islands N/A 1:200 $500 Review
UK N/A 1:500 $50 Review
New Zealand FMA 1:100 $200 Review
Forex

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