ForexBrokersAZ.com

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 ?Minimum deposit ? 
FXTM

FXTM
ECN Account

0.1 pips
1:30
$2$500
Risk warning ?
FXTM

FXTM
FXTM Pro

0.1 pips
1:30
$0$25000
Risk warning ?
FP Markets

FP Markets
Standard ECN Account (MT4)

1.45 pips
1:500
$0$100
FP Markets

FP Markets
Standard ECN Account (MT5)

1.45 pips
1:500
$3.5$100
LQDFX

LQDFX
ECN Account

0.2 pips
1:300
$3.5$500
FP Markets

FP Markets
ECN Raw Account (MT4)

0.45 pips
1:500
$3.5$1000
FP Markets

FP Markets
ECN Raw Account (MT5)

0.45 pips
1:500
$3.5$1000
LiteForex

LiteForex
ECN Account
20% cashback

0.4 pips
1:500
$10$50
Risk warning ?
4xCube

4xCube
Pro Account (ECN)

1.1 pips
1:200
$3$1000
     

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". 4xCube 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, Spot Metals and Spot CFDs with market execution and no requotes. Scalping ... More

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Risk warning ?

FP Markets

Trade over 50 pairs of currencies as well as CFDs on metals, indices and commodities through MT4 ... More

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AvaTrade

Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and... More

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Risk warning ?

Plus500

Trade online with an interest-free Islamic account. This account has no rollover charges (swap fees... More

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Risk warning ?