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ECN Forex Brokers

Compare true ECN Forex brokers. Sort, filter and rank their ECN accounts based on your personal trading preferences and initial deposit.

Flexible leverage ?Commission / lot ?Min. deposit ? 
FXTM
FXTM
ECN Account
Risk warning ?
0.1 pips
1:30
$2$500
Read review »
FXTM
FXTM
FXTM Pro
Risk warning ?
0.1 pips
1:30
$0$25000
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ForexMart
ForexMart
ECN Standard
Risk warning ?
2 pips
1:500
$0$1
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ForexMart
ForexMart
ECN Zero Spread
Risk warning ?
0 pips
1:500
$Variable$1
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FP Markets
FP Markets
Standard ECN Account (MT4)
1.45 pips
1:500
$0$100
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LQDFX
LQDFX
ECN Account
0.2 pips
1:300
$3.5$500
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FP Markets
FP Markets
ECN Raw Account (MT4)
0.45 pips
1:500
$3.5$1000
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FP Markets
FP Markets
Standard ECN Account (MT5)
1.45 pips
1:500
$3.5$100
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FP Markets
FP Markets
ECN Raw Account (MT5)
0.45 pips
1:500
$3.5$1000
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LiteForex
LiteForex
ECN Account
Risk warning ?
0.4 pips
1:500
$10$50
FXPRIMUS
FXPRIMUS
ECN Premier [EU]
Risk warning ?
0.3 pips
1:30
$10$500
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FXPRIMUS
FXPRIMUS
ECN Premier [Vanuatu]
Risk warning ?
0.3 pips
1:1000
$10$500
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InstaForex
InstaForex
Standard Account
3 pips
1:1000
$0$1
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InstaForex
InstaForex
Eurica Account
0 pips
1:1000
$30$1
Read review »
     

An ECN broker allows you to place your buy and sell orders directly in the market against other traders, banks and financial institutions.

Depth of Market (DOM)

You can monitor your orders and theirs over a Depth of Market (DOM) display, also known as a Depth of Market monitor.

Depth of Market (DOM) shows you the liquidity available for every bid and offer. DOM is available for every currency pair and changes dynamically as orders are filled and new orders come to market. It usually appears in a small monitor directly in your trading platform’s interface.

Changes in liquidity typically pre-date changes in exchanges rates. They tend to rise when there are more buyers than sellers, and vice versa. Scalpers use Depth of Market information to predict how prices are likely to change in the very near term.

Order matching

Participants in an ECN can enter competing bids and offers into the platform either inside or outside the spread, and hit one another's orders. You could open a position with a liquidity provider and close it with another, or execute a trade against the bid or offer of another trader.

ECN brokers earn money through a commission on trades rather than a mark-up on spreads. This is why they typically quote spreads as lows as 0 pips, also known as "raw spreads". ForexMart is an exception to the rule in that it allows you to choose between commission-based accounts and commission-free accounts.

FXTM

Trade 45 currency pairs and CFDs on shares, indices and metals with market execution ... More

Risk warning ?

easyMarkets

Trade Forex and CFDs on metals, commodities and indices on tight fixed spreads from a... More

Risk warning ?

Fortrade

Trade a wide range of asset classes on low fixed spreads all from Fortrade's MT4 plat... More

Risk warning ?

HotForex

Trade Forex as well as CFDs on cryptocurrencies, shares, indices, metals and more on ... More