List of ECN Forex Brokers

ECN (Electronic Communication Network) forex brokers provide direct access to the interbank forex market by matching client orders with liquidity providers. This results in tighter spreads, faster execution, and greater transparency compared to traditional dealing desk brokers. ECN brokers usually charge commissions instead of widening spreads.

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

What Is an ECN Broker?

Uses an electronic network to connect traders with liquidity providers
Offers raw spreads with low latency execution
Charges commissions per trade instead of marked-up spreads
Allows traders to trade anonymously with no 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, deep liquidity, fast execution

2. Pepperstone

Regulation: FCA, ASIC, CySEC
Minimum Deposit: $200
Platforms: MT4, MT5, cTrader
Features: Low spreads, multiple execution venues, advanced trading tools

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 support

5. RoboForex

Regulation: IFSC
Minimum Deposit: $10
Platforms: MT4, MT5, cTrader
Features: Pro-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

Key Considerations When Choosing an ECN Broker

Check regulatory status and reputation
Compare spreads, commissions, and minimum deposit requirements
Ensure platforms offered match your trading preferences
Verify quality of execution and customer service

Key Takeaways

ECN brokers offer low spreads and direct market access
They charge commissions per trade, usually transparent and competitive
Brokers like IC Markets, Pepperstone, and Tickmill are well-regulated top ECN providers
ECN trading suits scalpers and professional traders seeking best execution

Frequently Asked Questions

What is the difference between ECN and market maker brokers?

ECN brokers route orders directly to liquidity providers, while market makers trade against clients internally.

Do ECN brokers charge commissions?

Yes, typically a fixed commission per lot is charged instead of wider spreads.

Can beginners use ECN brokers?

Yes, but ECN accounts usually require higher minimum deposits and familiarity with trading.

Are ECN brokers regulated?

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

What platforms support ECN trading?

MT4, MT5, and cTrader commonly support ECN accounts.

List of ECN Forex Brokers

What Is an ECN Broker?