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 83 brokers listed in the table below.

Forex Broker Min. Account Size Broker Rating Min. Position Size Payment Max. Leverage Serious Regulation Spread US
FXTM $5 8.7 0.01 1:1000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • WebTrader
  • Countries
    BZ CY GB ZA
  • Regulation
    • CySEC, 185/12
    • FCA (UK), 777911
    • FSCA (South Africa), 46614
    • IFSC (Belize), IFSC/60/345/TS and IFSC/60/345/APM.
Exness $1 7.2 0.01 1:2000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • Mobile Trading Platform
    • Web Trading
  • Countries
    CY VC
  • Regulation
    • CySEC, 178/12
    • FCA (UK), 730729
    • IFSA (St. Vincent and Grenadines), 21927
IronFX $100 4.2 0.01 1:30
  • Platforms
    • MetaTrader 4
  • Countries
    AE AR AU AZ BR CN CY CZ DE DZ ES GB HK HU IN MY PL RU US UY ZA
  • Regulation
    • ASIC, 417482
    • CySEC, 125/10
    • DFSA (Dubai), F002432
    • FCA (UK), 585561
    • FSCA (South Africa), 45276
    • UCRFIN, 5
FXGlory $1 7.3 0.01 1:3000
  • Platforms
    • MetaTrader 4
    • WebTrader
  • Countries
    AE CH CY GB VC
  • Regulation
AAFX Trading $100 7.3 0.01 1:2000
  • Platforms
    • MetaTrader 4
    • Web Trading
    • WebTrader
  • Countries
    AE AU HK MY NZ QA SA US VC
  • Regulation
    • ASIC, 4240010
    • FSA (St. Vincent & the Grenadines), 22916 IBC
RoboForex $1 5.0 0.01 1:1000
AMarkets $1 6.5 0.01 1:1000
FXOpen $1 8.4 0.001 1:500
LiteForex $50 7.6 0.01 1:500
OANDA $1 6.4 0.00001 1:50
IG $1 4.6 0.1 1:200
FXDD $250 5.5 0.01 1:30
TradeView Forex $100 - 0.01 1:400
ATC Brokers $5,000 - 1 1:200
FXCL $1 7.8 0.01 1:500
Bulbrokers $100 - 0.01 1:200
Renesource Capital $10 - 0.01 1:100
AAAFx $300 3.0 0.01 1:30
Real-Forex $2,000 - 0.01 1:100
Synergy FX $500 - 0.01 1:500
Trader's Way $1 7.3 0.01 1:1000
IC Markets $200 5.5 0.01 1:500
Grand Capital $10 3.7 0.01 1:500
Abshire-Smith $500 - 0.1 1:200
AxiTrader $200 6.4 0.01 1:400
NetoTrade $500 - 0.01 1:400
GAINSY $10 9.1 0.01 1:500
Vector Securities $20 - 0.01 1:500
Tallinex $100 - 0.01 1:1000
UMOFX $1 1.0 0.01 1:500
Euro Pacific Bank $2,500 - 0.01 1:100
Price Markets $0.01 - 0.1 1:300
XGLOBAL Markets $1 - 0.01 1:200
NSFX $300 8.5 0.01 1:200
USGFX $100 - 0.01 1:500
JustForex $1 8.5 0.01 1:3000
TenkoFX $10 9.0 0.01 1:500
Invast Financial Services $100 - 0.01 1:400
Hantec Markets $1,000 - 0.01 1:30
HiWayFX $20 7.0 0.01 1:500
GDMFX $100 - 0.01 1:500
Tickmill $100 8.0 0.01 1:500
Forex.ee $10 - 0.01 1:500
10Markets $200 7.7 0.01 1:500
PhillipCapital $200 - 0.01 1:200
FXPRIMUS $250 - 0.01 1:500
ADS Prime $200 - 0.01 1:500
TrioMarkets $500 6.4 0.01 1:300
Bolmax Management $100 8.7 0.1 1:100
FinPro Trading $5 9.0 0.01 1:300
FxGrow $100 8.7 0.01 1:300
Alvexo $500 - 0.01 1:400
Trade12 $250 8.0 0.01 1:400
Vipro Markets $25 8.2 0.01 1:500
Titan FX $200 - 0.01 1:500
VARIANSE $500 - 0.01 1:100
FCI Markets $1 - 0.01 1:100
TempleFX $50 - 0.01 1:400
FX Giants $100 - 0.01 1:30
Land-FX $300 8.8 0.01 1:500
Formax $1,000 - 0.01 1:200
LQDFX $20 8.9 0.01 1:500
TegasFX $200 - 0.01 1:200
CFDTimes $50 - 0.01 1:500
FP Markets $100 - 0.01 1:500
Turnkey Forex $5 9.0 0.01 1:200
Circle Markets $100 - 0.01 1:500
Tifia $100 - 0.01 1:1000
World Forex $1 - 0.01 1:500
AMEGA $1 - 0.01 1:1000
Big Boss $1 - 0.01 1:555
Coinexx $7 10 0.01 1:500
Dukascopy $100 4.9 0.001 1:200
FBS $1 4.4 0.01 1:3000
FreshForex $200 9.2 0.01 1:1000
HYCM $50 7.8 0.02 1:325
OctaFX $100 6.7 0.01 1:500
Orbex $500 8.5 0.01 1:500
Vantage FX $100 6.3 0.01 1:500
Alpari $1 4.5 0.01 1:1000
Imperial Global Markets $1,000 10 0.01 1:100
MEX Group $1 - 0.01 1:500
TradeFW $250 - 0.01 1:30

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.