ECN Forex Brokers

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

LiteForex (LiteForex.com) is an international ECN Forex broker. Trade a wide range of markets on Metatrader 4 or 5. LiteForex accepts a wide range of deposit methods, including Bitcoin, Monero and other cryptos.

  • Currency pairs: 56
  • Markets: Cryptos, Forex, Gold & metals, Indices, Oil, Shares
  • Platforms: Copy trading, MetaTrader 4, MetaTrader 5, Mirror trading
  • Regulators: CySEC
  • Incorporated: 2005

$50
deposit

1:500
leverage

0 pips + $5/lot
EUR/USD

Risk warning ?

FXPRIMUS (FXPrimus.com) is a regulated ECN broker with exposure to Forex and a wide range of asset classes. It prides itself in creating a safe and secure trading environment

  • Currency pairs: 43
  • Markets: Cryptos, Forex, Gold & metals, Indices, Oil, Shares
  • Platforms: Copy trading, MetaTrader 4, Mirror trading
  • Regulators: CySEC, South Africa, Vanuatu
  • Incorporated: 2009

$500
deposit

1:1000
leverage

0.3 pips + $10/lot
EUR/USD

Risk warning ?

LQDFX (LQDFX.com) is an international Forex broker and CFD provider headquartered in the Marshall Islands. It delivers STP execution on MT4 across 71 currency pairs, indices and commodities.

  • Currency pairs: 71
  • Markets: Commodities, Forex, Gold & metals, Indices, Oil
  • Platforms: MetaTrader 4, Mirror trading
  • Regulators: Marshall Islands
  • Incorporated: 2015

$500
deposit

1:300
leverage

0.1 pips + $3.5/lot
EUR/USD

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.


LQDFX

Gold Account [Islamic]

Trade up to 71 currency pairs as well as CFDs on metals, commodities and indices through MT4. STP ... More

  • $20 deposit
  • 1:300 leverage ?
  • 1.1 pips EUR/USD

AvaTrade

Islamic Account [BVI]

Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not ... More

  • $100 deposit
  • 1:400 leverage ?
  • 1.9 pips EUR/USD
Risk warning ?

HotForex

Islamic Account

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

  • $100 deposit
  • 1:500 leverage ?
  • 1.2 pips EUR/USD

eToro

Islamic Account [EU]

Trade 47 currency pairs, crypto-currencies, popular stocks, indices, gold and silver with no ... More

  • $1000 deposit
  • 1:30 leverage ?
  • 3 pips EUR/USD
Risk warning ?