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 Serious Regulation Spread US
CedarFX $10 10 0.01 1:500
  • Platforms
    • MetaTrader 4
    • MetaTrader 4 Web (VPS)
  • Countries
    VC
  • Regulation
FXTM $10 8.5 0.01 1:2000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • WebTrader
  • Countries
    BZ CY GB MU ZA
  • Regulation
    • CySEC, 185/12
    • FCA (UK), 777911
    • FSC (Mauritius), C113012295
    • FSC (Mauritius), C113012295
    • FSCA (South Africa), 46614
RoboForex $10 4.8 0.01 1:2000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • cTrader
    • R StockTrader
    • R WebTrader
  • Countries
    BZ
  • Regulation
    • IFSC (Belize), 000138/333
AMarkets $100 7.8 0.01 1:1000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • MetaTrader 4 Web (VPS)
    • AMarkets App
  • Countries
    VC
  • Regulation
    • FSA (St. Vincent & the Grenadines), 22567 IBC 2015
    • The Financial Commission, 01.09.2013
FXOpen $1 8.6 0.001 1:500
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • TickTrader
  • Countries
    AU GB KN RU
  • Regulation
    • ASIC, 412871
    • FCA (UK), 579202
LiteFinance (ex-LiteForex) $50 6.0 0.01 1:500
OANDA $1 6.4 0.00001 1:50
IG $1 4.0 0.01 1:50
Ingot Brokers $100 - 0.01 1:400
ATC Brokers $5,000 - 1 1:200
FXCL $1 7.8 0.01 1:1000
Bulbrokers $100 - 0.01 1:200
Renesource Capital $10 - 0.01 1:100
AAAFx $300 3.0 0.01 1:30
Synergy Markets $100 - 0.01 1:500
Trader's Way $1 7.8 0.01 1:1000
Grand Capital $10 7.0 0.01 1:500
Blackwell Global $1 - 0.01 1:200
Euro Pacific Bank $2,500 - 0.01 1:100
NSFX $300 8.5 0.01 1:50
CLMarkets $100 - 0.01 1:500
TenkoFX $10 9.0 0.01 1:500
Invast Financial Services $100 - 0.01 1:400
Hantec Markets $1,000 - 0.01 1:30
Tickmill $100 7.8 0.01 1:500
WesternFX $25 - 0 1:500
Forex.ee $10 - 0.01 1:500
LCG $10,000 - 0.1 1:200
PhillipCapital $200 - 0.01 1:200
ADS Prime $200 - 0.01 1:500
FxGrow $100 8.7 0.01 1:100
Alvexo $500 - 0.01 1:400
VARIANSE $500 - 0.01 1:30
Gerchik & Co $500 10 0.01 1:100
FX Giants $100 - 0.01 1:30
Land-FX $300 9.2 0.01 1:500
LQDFX $20 8.0 0.01 1:500
TegasFX $200 - 0.01 1:200
Turnkey Forex $200 7.3 0.01 1:400
Global Prime $200 - 0.01 1:200
Tifia $10 - 0.01 1:1000
World Forex $1 10 0.01 1:500
Big Boss $1 - 0.01 1:999
Coinexx $7 8.2 0.01 1:500
AAFX Trading $100 9.8 0.01 1:2000
Alpari $1 4.7 0.01 1:1000
Dukascopy $100 4.6 0.001 1:200
FBS $1 5.7 0.01 1:3000
FreshForex $200 9.4 0.01 1:2000
HYCM $100 9.6 0.01 1:325
IronFX $100 4.5 0.01 1:30
Vantage (ex-Vantage FX) $200 6.0 0.01 1:500
MultiBank $50 - 0.01 1:500
RCPro $500 - 0.01 1:200
INFINOX $100 - 0.01 1:30
Fondex $250 9.9 0.01 1:30
ACY Securities $50 - 0.01 1:500
Olymp Trade $2 10 0.01 1:500
Just2Trade $100 - 0.01 1:500
XBTFX $1 10 0.01 1:500
Dizicx $100 - 0.01 1:400
Juno Markets $100 - 0.01 1:500
FxView $1 10 0.01 1:500
SFEX $1,000 - 0.01 1:100
streamsfx $500 - 0.01 1:30
Yadix $100 10 0.01 1:500
Anzo Capital $100 - 0.01 1:1000
Streams $100 - 0.01 1:500
XtreamForex $5 - 0.01 1:1000
ForexVox $1 - 0.01 1:500
VT Markets $200 - 0.01 1:500
Opoforex $100 - 0.01 1:500
Sage FX $10 10 0.01 1:500
Esperio $1 10 0.01 1:1000
Solid ECN $1 - 0.01 1:1000
Absolute Markets $50 - 0.01 1:1000
Investizo $0 - 0 1:1000

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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Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.