ECN Forex Brokers

ECN (Electronic Communication Network) forex brokers provide traders direct access to the interbank forex market by connecting them with multiple liquidity providers. This results in tighter spreads, faster execution, and greater transparency compared to traditional dealing desk brokers.

This article lists some of the best ECN forex brokers, their features, and key considerations.

What is an ECN Broker?

Routes client orders directly to liquidity providers and other market participants
Offers raw spreads with low latency execution
Charges commissions per trade instead of marking up spreads
Supports anonymous trading without dealing desk intervention

Top ECN Forex Brokers

1. IC Markets

Regulation: ASIC, CySEC
Minimum Deposit: $200
Platforms: MT4, MT5, cTrader
Features: Raw spreads from 0.0 pips, fast execution, deep liquidity

2. Pepperstone

Regulation: FCA, ASIC, CySEC
Minimum Deposit: $200
Platforms: MT4, MT5, cTrader
Features: ECN pricing, low commissions, multiple execution venues

3. Tickmill

Regulation: FCA, CySEC, FSCA
Minimum Deposit: $100
Platforms: MT4, MT5
Features: ECN pricing, low commissions, VPS hosting

4. FxPro

Regulation: FCA, CySEC, FSCA
Minimum Deposit: $100
Platforms: MT4, MT5, cTrader
Features: Institutional liquidity, multiple platform options

5. RoboForex

Regulation: IFSC
Minimum Deposit: $10
Platforms: MT4, MT5, cTrader
Features: ECN accounts, social trading

6. FBS

Regulation: IFSC, CySEC
Minimum Deposit: $100 (ECN account)
Platforms: MT4, MT5
Features: High leverage, low spreads

7. XM

Regulation: ASIC, CySEC, IFSC
Minimum Deposit: $5
Platforms: MT4, MT5
Features: ECN accounts with tight spreads

Important Considerations

Verify broker regulation and reputation before trading
Compare commissions and spreads to assess true trading costs
Ensure platform compatibility with your trading style
ECN accounts are typically suited for experienced traders

Key Takeaways

ECN brokers offer low spreads and direct market access
Commissions are charged per trade alongside raw spreads
Brokers like IC Markets, Pepperstone, and Tickmill are top regulated ECN providers
ECN trading benefits scalpers and professional traders

Frequently Asked Questions

What is the difference between ECN and market maker brokers?

ECN brokers send orders to liquidity providers; market makers trade against clients internally.

Do ECN brokers charge commissions?

Yes, typically fixed commissions per lot traded.

Can beginners use ECN brokers?

Yes, but ECN accounts often require higher minimum deposits and experience.

Are ECN brokers regulated?

Top ECN brokers are regulated by authorities like FCA, ASIC, and CySEC.

Which platforms support ECN trading?

MT4, MT5, and cTrader commonly support ECN accounts.

ECN Forex Brokers

What is an ECN Broker?