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 ?

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

$100
deposit

1:500
leverage

1.19 pips
EUR/USD

$100
deposit

1:500
leverage

0.09 pips + $3.5/lot
EUR/USD

$100
deposit

1:500
leverage

1.19 pips + $3.5/lot
EUR/USD

$100
deposit

1:500
leverage

0.09 pips + $3.5/lot
EUR/USD

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

$100
deposit

1:500
leverage

0.7 pips + $3/lot
EUR/USD

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

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

$15
deposit

1:500
leverage

1.5 pips
EUR/USD

$200
deposit

1:500
leverage

0.9 pips
EUR/USD

$1
deposit

1:500
leverage

0 pips + 0.02%
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.


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 ?