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ECN Forex Brokers

A list of ECN Forex brokers that provide Forex traders with a direct access to the other Forex market participants — retail and institutional. This results in some advantages — no anti-scalping, no «stop-loss hunting», very low spreads; and disadvantages — ECN brokers charge commissions for Forex trading. ECN stands for Electronic Communication Network and means a network of traders connected via the broker. Such brokers often employ one of the following trading platforms: Currenex Classic, Currenex Viking, MetaTrader 4 ECN, Integral Power Trader. You will find 77 brokers listed in the table below.

Forex Broker Min. Account Size Broker Rating Min. Position Size Payment Max. Leverage Regulation Spread US
Forex Time $0.01 5.5 0.01     1:1000   
Platforms
  • MetaTrader 4
  • MetaTrader 5
Regulation
  • CySEC
  • FCA (UK), 600475
Countries CY GB NG 
EXNESS $1 8.7 0.01      1:2000   
Platforms
  • MetaTrader 4
  • MetaTrader 5
Regulation
  • CRFIN (Russia)
  • CySEC
  • IFSA (St. Vincent and Grenadines), 21927 (IBC 2014)
Countries CY RU VC 
FxGlory $1 6.3 0.01       1:3000   
Platforms
  • MetaTrader 4
Regulation
  • National Bank of Georgia, N2-06/3625-12
Countries BG GE 
RoboForex $1 5.4 0.001      1:500   
Platforms
  • MetaTrader 4
  • MetaTrader 5
  • Currenex Viking
  • cTrader
Regulation
  • CySEC
  • FSCL (New Zealand)
  • FSP (New Zealand)
  • IFSC (Belize)
  • The Financial Commission
Countries EG GB HK ID LV MD MY NZ RO RU TH TW 
FXOpen $1 4.4 0.001       1:500   
Platforms
  • MetaTrader 4
Regulation
  • FCA (UK)
  • FSP (New Zealand)
  • The Financial Commission
Countries EG FR ID MU MY RU 
Mayzus $25 7.0 0.01      1:500   
MFX Broker (ex-MasterForex) $1 - 0.01    1:500   
Alpari $1 5.5 0.00000     1:500   
RTFX $1,000 - 10 1:100   
Dukascopy $100 3.6 0.01   1:200   
IG Markets $1 5.5 0.1   1:200   
FXDD $250 4.0 0.01    1:200   
FxPro $100 5.8 0.1       1:500   
Forex-Metal $1 4.0 0.01       1:500   
TradeView Forex $100 - 0.01    1:400   
ATC Brokers $5,000 - 1   1:200   
HY Markets $50 8.6 0.02      1:325   
Bulbrokers $100 - 0.01     1:200   
MRC Markets $1 - 0.1     1:500   
RFXT $1,000 - 0.01   1:400   
Renesource Capital $10 - 0.01 1:100   
Investors Europe $250 - 0.01    1:400   
Forex-Trend $20 5.3 0.01    1:100   
Ajax Financial $500 7.8 0.1 1:100   
SunbirdFX $100 1.6 0.01     1:100   
Real-Forex $2,000 - 0.01    1:100   
Univell Broker $50 - 0.01    1:200   
FinFX $100 - 0.01    1:200   
IronFX $500 5.1 0.01      1:500   
Synergy FX $500 - 0.01    1:500   
Trader's Way $1 8.0 0.001     1:1000   
Grand Capital $1 6.5 0.0001    1:500   
Ikon Group $150 - 0.01    1:500   
Orbex (ex-AFBFX) $100 - 0.01      1:500   
Abshire-Smith $500 - 0.1    1:200   
Bestec NFX $100 - 0.05    1:100   
OctaFX $5 - 0.01     1:500   
3TG Brokers (ex-3TG FX) $300 8.5 0.01      1:500   
NordFX $5 - 0.01      1:1000   
SmartTradeFX $100 - 0.01   1:200   
FXOpen AU $200 - 0.1    1:500   
AxiTrader $200 5.5 0.01    1:400   
TradingForex.com $200 - 0.01      1:200   
NetoTrade $500 - 0.01   1:400   
GAINSY $10 7.4 0.01       1:500   
MFC Investment $1,000 - 0.1 1:200   
Boston Prime FX $100,000 - 0.1 1:100   
Tallinex $100 - 0.01   1:400   
UMOFX $1 - 0.01     1:500   
COMMEXFX $200 - 0.01     1:400   
Euro Pacific Bank $2,500 - 0.01 1:100   
Price Markets $0.01 - 0.1    1:300   
NSFX $300 - 0.01    1:200   
Core Liquidity Markets $250 - 0.01     1:400   
USGfx $100 - 0.01    1:500   
BZ Trading $3,500 - 0.1 1:100   
JustForex $2 - 0.01    1:500   
TenkoFX $10 - 0.01      1:500   
Invast Financial Services $100 - 0.01   1:400   
Greenvault Fx $1 - 0.01      1:1000   
MXT Global $100 - 0.01   1:500   
ELEX Electronic Markets $5,000 - 0.01   1:100   
Real ECN $100 - 0.01     1:400   
Hantec Markets $1,000 - 0.01    1:200   
FXtradeweb $1,000 - 0.01    1:500   
zebrafx $5 - 0.01     1:200   
Pantheon Finance $20 - 0.01   1:100   
FX-EDGE $500 - 0.01    1:100   
HiWayFX $20 - 0.01     1:500   
FX Next $100 - 0.01   1:500   
AlumFX $200 - 0.1   1:100   
GDMFX $100 - 0.01    1:500   
Fairbanks $1,000 - 0.01 1:100   
Boston Merchant Financial $100 7.0 0.1     1:400   
Forex Broker Inc. $5 8.2 0.001    1:500   
FastBrokers $2,500 - 0.1    1:200   
GKFX $1 - 0.01      1:100   

Not all traders understand the immediate benefits of trading with an ECN broker, so here is a short list of them:

  • There is no conflict of interest between a trader and an ECN broker.
  • Better pricing. The chances are that you will be able to get a lower Ask for buying and higher Bid when selling.
  • A choice of liquidity providers and commission structure. When you trade a lot, you can negotiate such terms with your broker.
  • Access to volume data and traders' sentiment information of your broker's liquidity pool.


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