Best ECN Brokers

Compare ECN commissions and liquidity providers in one place. Trade from just US$ 1.8/lot

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Best brokers

1. FXCC Best Forex Trading Account 2017 - UK FOREX Awards
2. LiteFinance Best ECN Broker Africa 2020
3. ForexMart Best Trading Conditions 2020 - International Investor
4. RoboForex Best Mobile Trading App 2022, Global Forex Awards - B2B
5. EagleFX Best ECN/STP Broker 2020

Broker reviews

#1

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Trade CFDs across Forex, crypto, oil and indices with leverage up to 1:500. FXCC accepts all trading styles and Expert Advisors on MT4. There are no conflicts of interest, as FXCC.com doesn't trade against you.

• Markets: Forex (CFD), Cryptos (CFD)*, Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4
• Regulators: Cyprus (EU), Nevis

• Accounts

ECN XL Account  ▷ ECN XL Account: Trade CFDs on 70+ currency pairs, crypto-currencies, commodities and indices with leverage up to 1:500. Get a 100% bonus on your first deposit, up to $2,000.
$0 deposit	1:500 leverage ?	Market execution	▷

#2

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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), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, MetaTrader 5, Copy trading, Mirror trading
• Regulators: Cyprus (EU), Saint Vincent and the Grenadines

• Accounts

ECN Account  ▷ ECN Account: Trade Forex on floating spreads from 0 pips plus commission on MT4 or MT5. Get started from a low $50 deposit. Get market execution with no requotes. LiteForex pays 2.5% interest per annum on the balance of your account.
$50 deposit	1:500 leverage	Market execution	▷

#3

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Trade CFDs on Forex, shares and precious metals on competitive spreads through ForexMart, an international ECN broker. ForexMart supports all trading styles, including scalping, through MetaTrader 4.

• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, Copy trading
• Regulators: Saint Vincent and the Grenadines

• Accounts

Classic Account  ▷ Classic Account: Trade 60+ currencies from 1 pip without commission on MetaTrader 4. ForexMart supports all trading styles and Expert Advisors.
$15 deposit	1:500 leverage	Market execution	▷

Pro Account  ▷ Pro Account: Trade 60+ currencies from 0.6 pips without commission on MetaTrader 4. ForexMart supports all trading styles and Expert Advisors.
$200 deposit	1:500 leverage	Market execution	▷

More ▽

Zero Spread Account  ▷ Zero Spread Account: Trade 60+ currencies on raw spreads plus commission on MT4, with leverage capped at 1:200. ForexMart supports all trading styles and Expert Advisors.
$500 deposit	1:200 leverage	Market execution	▷

#4

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RoboForex is an international broker headquartered and regulated in Belize. Access over 12,000 instruments, including real stocks and CFDs on Forex, crypto-currencies and oil, from a single platform.

• 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: MetaTrader 4, MetaTrader 5, cTrader, Copy trading
• Regulators: Belize

• Accounts

ECN Account  ▷ ECN Account: Access CFDs on 36 currency pairs, cryptocurrencies, metals, US stocks, indices and oil. Trade on raw spreads pips and flexible leverage up to 1:500, on MT4/5 or cTrader, in an ECN environment.
$10 deposit	1:500 leverage	Market execution	▷

#5

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Trade Forex as well as CFDs on cryptocurrencies, stocks, indices and commodities with an STP/ECN broker. EagleFX (EagleFX.com) allows all trading styles and Expert Advisors the MetaTrader 4 platform.

• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4
• Regulators: Dominica

• Accounts

Instant Execution Account  ▷ Instant Execution Account: Trade 55 currency pairs, cryptocurrencies and CFDs on stocks, indices and commodities with instant execution. EagleFX supports all trading styles, including hedging and scalping on MT4.
$10 deposit	1:500 leverage	Instant execution	▷

Market Execution Account  ▷ Market Execution Account: Trade 55 currency pairs, cryptocurrencies and CFDs on stocks, indices and commodities with market execution. EagleFX supports all trading styles, including hedging and scalping on MT4.
$10 deposit	1:500 leverage	Market execution	▷

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.

1. Commissions
2. Liquidity providers
3. 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.