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 84 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 8.8 0.01 1:1000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
  • Countries
    CY GB NG
  • Regulation
    • CySEC, 185/12
    • FCA (UK), 600475
    • FSB (South Africa), 46614
    • IFSC (Belize), SC/60/345/TS and IFSC/60/345/APM.
FxGlory $1 7.4 0.01 1:3000
  • Platforms
    • MetaTrader 4
    • WebTrader
  • Countries
    BG GE
  • Regulation
    • National Bank of Georgia, N2-06/3625-12
EXNESS $1 7.3 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 (IBC 2014)
FBS $1 - 0.01 1:3000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
  • Countries
    CN EG ID KR MM MY TH
  • Regulation
    • IFSC (Belize), IFSC/60/230/TS/12
RoboForex $1 4.8 0.01 1:500
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • cTrader
    • WebTrader
  • Countries
    CN EG GB HK ID LT LV MD MY NZ RO RU TH TW
  • Regulation
    • CySEC, 191/13
    • FSCL (New Zealand), 4148
    • FSP (New Zealand), 246525
    • IFSC (Belize), IFSC/60/271/TS/14
LiteForex $10 5.4 0.01 1:1000
FXOpen $1 7.3 0.001 1:500
AMarkets $1 7.4 0.01 1:1000
Liteforex (Europe) (ex-Mayzus) $100 5.5 0.01 1:1000
Dukascopy $20 5.5 0.01 1:200
IG $1 4.6 0.1 1:200
FXDD $250 3.3 0.01 1:500
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 3.3 0.01 1:500
SunbirdFX $100 1.4 0.01 1:100
Real-Forex $2,000 - 0.01 1:100
IronFX $100 4.2 0.01 1:500
Synergy FX $500 - 0.01 1:500
Trader's Way $1 7.3 0.01 1:1000
IC Markets $200 5.3 0.01 1:500
Grand Capital $10 3.8 0.01 1:500
MEX Group (ex-Ikon Group) $1 - 0.01 1:500
Abshire-Smith $500 - 0.1 1:200
OctaFX $100 - 0.01 1:500
NordFX $1 - 0.01 1:1000
AxiTrader $200 4.9 0.01 1:400
TradingForex.com $200 - 0.01 1:200
NetoTrade $500 - 0.01 1:400
GAINSY $10 8.8 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 $0.50 8.4 0.01 1:2000
TenkoFX $10 7.0 0.01 1:500
Invast Financial Services $100 - 0.01 1:400
Hantec Markets $1,000 - 0.01 1:200
HiWayFX $20 7.0 0.01 1:500
GDMFX $100 - 0.01 1:500
Tickmill $25 8.1 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 (ex-ADS Securities) $200 - 0.01 1:500
FXGlobe $250 - 0.01 1:500
TrioMarkets $500 6.4 0.01 1:300
Bolmax Management $100 8.3 0.1 1:100
FinPro Trading $5 7.8 0.01 1:300
FxGrow $100 8.7 0.01 1:300
Alvexo $500 - 0.01 1:400
Trade12 $250 8.1 0.01 1:400
MTI Markets $100 - 0.01 1:1000
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
TradeWiseFX $25 - 0.01 1:500
TraderNovo $100 - 0.01 1:100
Atiora $50 - 0.01 1:100
TempleFX $50 - 0.01 1:400
FX Giants $100 - 0.01 1:500
Hydra Markets $100 - 0.01 1:1000
Land-FX $300 7.2 0.01 1:500
Formax $1,000 - 0.01 1:200
LQDFX $20 - 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 8.2 0.01 1:200
Alpari $1 7.4 0.01 1:500
FreshForex $200 8.9 0.01 1:1000
HYCM $50 7.5 0.02 1:325
Orbex $500 - 0.01 1:500
Vantage FX $100 7.0 0.01 1:500
FastBrokers $2,500 - 0.1 1:200

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.