Best ECN Brokers
Compare ECN commissions and liquidity providers in one place. Trade from just US$ 1.8/lot
By Stefan
Best brokers
- FP Markets Best Trade Execution - APAC...
- FXCC Best Forex Trading Account...
- Pepperstone Best Forex Broker Overall -...
- LiteFinance Best ECN Broker Africa 2020
- RoboForex Best Mobile Trading App 2022,...
Broker reviews
FP Markets is a true ECN broker with razor-thin spreads and deep liquidity. Trade CFDs on over 1,000 stocks, indices, commodities and currency pairs through MetaTrader 4 or 5. FP Markets supports all trading styles and EAs.
$100 | 1:500 | Market | |
$100 | 1:500 | Market | |
Pepperstone (Pepperstone.com) is an award-winning broker regulated in 7 jurisdictions. Trade over 1,200 instruments on MetaTrader 4, 5, TradingView or cTrader. Pepperstone allows all trading styles, with no restrictions.
- Risk warning: Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5, cTrader
- Regulators: Australia, Bahamas, Cyprus (EU) , Germany, Kenya, UAE , UK
$200 | 1:500 | Market | |
$200 | 1:500 | Market | |
LiteFinance (LiteFinance.com), formerly LiteForex, is a global ECN broker. Trade CFDs on a wide range of markets on Metatrader 4 or 5, with flexible leverage up to 1:1,000. LiteFinance accepts all EAs and trading styles, including scalping and news trading.
- Risk warning: 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Markets: Forex (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5, Copy trading, Mirror trading
- Regulators: Cyprus (EU) , Saint Vincent and the Grenadines
$50 | 1:1000 | Market | |
Access over 12,000 instruments, including real equities and CFDs on Forex, crypto-currencies and oil, from a single platform. RoboForex is an offshore broker based in and regulated in Belize.
- Risk warning: 58.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5, cTrader, Copy trading
- Regulators: Belize
$10 | 1:500 | Market | |
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At Your Service
Compare trading accounts and find the best one for you, based on your preferences.
Unlike traditional Forex brokers, ECN brokers allow you to trade directly on the Forex interbank market. This means you'll want to compare them against a different set of criteria.
- Commissions
- Liquidity providers
- Trading platforms
Commissions
Most ECN brokers provide raw prices with no added spreads. Instead, they earn a living through volume based commissions. Their commission is usually expressed in US$ per lot or million US$ traded. The more you trade, the greater their commission. This aligns their interests with yours: ECN brokers have a vested interest in seeing you succeed and trade more.
Liquidity providers
Commissions aren't the only criteria you'll want to bear in when comparing ECN brokers. You'll also want to check how many liquidity providers they work with. The more liquidity providers compete for your trades, the deeper the market and the tighter the bid/ask spreads. The provides greater certainty of execution and more opportunities to profit.
- NordFX connects you to 70 liquidity providers through its partnership with Currenex. It's MT-ECN account supports 27 currency pairs plus gold and silver over the MT4 platform.
- FXOpen works with 14 Tier-1 liquidity providers. The company prides itself in being the first to have offered true ECN execution over MetaTrader 4.
The other brokers in our panel each work with 10 to 13 liquidity providers.
Trading platforms
Last but not least, you'll also want to consider trading platforms when comparing brokers. In fact, this could be a major consideration if you already have a library of automated trading scripts.
- MT4: FXOpen (FXOpen) supports MetaTrader 4, the world's most popular retail Forex trading platform. It accepts all Expert Advisors, including scalpers and automated trading.
- cTrader. FxPro (FxPro.com) supports cTrader, an ECN trading platform with advanced charting and technical analysis capabilities. It allows you to build trading robots and custom technical indicators using C#.
This guide to ECN brokers features regulated brokers with strong customer service. Please add a comment below if you know a reputable ECN broker with even lower commissions, and we'll add them to this guide.
- Best ECN Brokers
- ECN Forex Brokers
- ECN Demo Accounts
- Why trade with an ECN broker?
Featured Brokers
Best Execution
ECN XL Account
Trade CFDs on 70+ currency pairs, crypto-currencies, commodities and indices with leverage up to 1:... More
Best Conditions
Raw Account
Trade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and ... More
Best Pro Account
Pro Account
Trade CFDs on Forex, crypto-currencies, stocks, indices, metals and energies with dynamic leverage ... More
- $3000 deposit
- 1:500 leverage
- 0.1 pips EUR/USD
- Regulators: BVI, Curaçao, Cyprus (EU) , Kenya, Mauritius, Seychelles, South Africa, UK