Best ECN Brokers

Compare ECN commissions and liquidity providers in one place. Trade from just US$ 1.8/lot

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

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Trade Forex and CFDs on over 10,000 stocks, indices, commodities and currency pairs when you open an IRESS account with FPMarkets. FPMarkets also supports MetaTrader 4 and 5.

  • Currency pairs: 65+
  • Markets: Commodities, Cryptos, Forex, Gold & metals, Indices, Oil, Shares
  • Platforms: Copy trading, MetaTrader 4, MetaTrader 5
  • Regulators: Australia, CySEC
  • Incorporated: 2005

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Trade without restrictions with OctaFX (OctaFX.com), an international broker headquartered in St. Vincent & The Grenadines. Access CFDs on currency pairs, indices, precious metals and commodities on MetaTrader 4, MetaTrader 5 or cTrader.

  • Currency pairs: 28
  • Markets: Cryptos, Forex, Gold & metals, Indices, Oil
  • Platforms: Copy trading, cTrader, MetaTrader 4, MetaTrader 5
  • Regulators: Saint Vincent and the Grenadines
  • Incorporated: 2011

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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

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Trade Forex, shares and precious metals on competitive spreads through ForexMart, an international ECN broker. ForexMart supports all trading styles, including scalping, through MetaTrader 4.

  • Currency pairs: 60+
  • Markets: Cryptos, Forex, Gold & metals, Shares
  • Platforms: MetaTrader 4
  • Regulators: Saint Vincent and the Grenadines
  • Incorporated: 2015

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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.

  1. Commissions
  2. Liquidity providers
  3. Trading platforms

Commissions

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.

Liquidity providers

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.

  • NordFX connects you to 70 liquidity providers through its partnership with Currenex. It's MT-ECN account supports 27 currency pairs plus gold and silver over the MT4 platform.
  • FXOpen works with 14 Tier-1 liquidity providers. The company prides itself in being the first to have offered true ECN execution over MetaTrader 4.

The other brokers in our panel each work with 10 to 13 liquidity providers.

Trading platforms

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.

  • MT4: FXOpen (FXOpen) supports MetaTrader 4, the world's most popular retail Forex trading platform. It accepts all Expert Advisors, including scalpers and automated trading.
  • cTrader. FxPro (FxPro.com) supports cTrader, an ECN trading platform with advanced charting and technical analysis capabilities. It allows you to build trading robots and custom technical indicators using C#.

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.


FxPro

MT4 Floating - Instant Execution

Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant ... More

  • $500 deposit
  • 1:500 leverage ?
  • 1.71 pips EUR/USD
Risk warning ?

AvaTrade

AvaTrade Account [BVI]

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

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

FPMarkets

ECN RAW Account [MT4]

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

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

AvaTrade

Professional Account [EU]

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

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