Best ECN Brokers

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

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: Forex, Gold and 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
EUR/USD

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: Forex, Gold and metals, Indices, Oil, Shares
  • Platforms: Copy trading, MetaTrader 4, Mirror trading
  • Regulators: CySEC, South Africa, Vanuatu
  • Incorporated: 2009

$500
deposit

1:30
leverage

0.3 pips
EUR/USD

$500
deposit

1:1000
leverage

0.3 pips
EUR/USD

Risk warning ?
  • Currency pairs: NA
  • Markets: Commodities, Forex, Gold and metals, Indices, Oil
  • Platforms: MetaTrader 4, Mirror trading
  • Regulators: None
  • Incorporated: 2015

$500
deposit

1:300
leverage

0.2 pips
EUR/USD

LiteForex (LiteForex.com) is an international Forex and CFD broker with a compelling product offering for beginners and experienced traders.

  • Currency pairs: 56
  • Markets: Forex, Gold and metals, Indices, Oil, Shares
  • Platforms: Copy trading, MetaTrader 4, MetaTrader 5, Mirror trading
  • Regulators: None
  • Incorporated: 2005

$50
deposit

1:500
leverage

0.4 pips
EUR/USD

Risk warning ?

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: Forex, Gold and metals, Shares
  • Platforms: MetaTrader 4
  • Regulators: Saint Vincent and the Grenadines
  • Incorporated: 2015

$15
deposit

1:500
leverage

1.3 pips
EUR/USD

$200
deposit

1:500
leverage

0.9 pips
EUR/USD

$1
deposit

1:500
leverage

0 pips
EUR/USD


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 Fixed - Instant Execution

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

  • $500 deposit
  • 1:500 leverage ?
Risk warning ?

AvaTrade

MT4 Account

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

  • $100 deposit
  • 1:30 leverage ?
Risk warning ?

HotForex

Premium Account

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

  • $100 deposit
  • 1:400 leverage ?

eToro

Premium Account

Get direct access to the trading desk 24/5, unique promotional offers, a special deposit bonus, ... More

  • $20000 deposit
  • 1:30 leverage ?
Risk warning ?