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.

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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.