Compare ECN commissions and liquidity providers in one place. Trade from just $1.8 / lot
Unlike traditional Forex brokers, ECN brokers allow you to trade directly on the Forex interbank market. This means you'll want to compare them against a different set of criteria.
Most ECN brokers provide raw prices with no added spreads. Instead, they earn a living through volume based commissions. Their commission is usually expressed in US$ 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.
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.
The other brokers in our panel each work with 10 to 13 liquidity providers.
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.
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.
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