Best ECN Brokers

In the Forex trading world there are two types of brokers and each offers a slightly different access point to the market. Because currency trading is mainly conducted by large banks – known as interbank trading – it’s difficult for retail customers to gain access to the party. However, through ECN brokers and market makers individual traders can buy and sell currencies on this global stage.

In a nutshell market makers are companies that set prices (both the bid price and the asking price) based on their own interests and then make them public. In contrast, an ECN or Electronic Communication Network broker is one that draws its quotes from a range of sources, including banks, market makers and other large traders.

Operating in this way allows ECNs to offer a range of competitive prices and, thus, have lower spreads than market makers. Indeed, unlike market makers, ECNs don’t rely on spreads to make money but instead charge a small amount of commission on each trade. This allows the brokers to make money and still offer traders competitive prices against market makers. Indeed, because of an ECN’s position in the market it’s entirely possible for traders to benefit from conditions where there are no spread charges at all.

Knowing the value of each ECN broker can be tricky, especially since there are so many on offer, but at FXBrokerSearch.com we’ve tried to make things a little clearer. Through compilation and comparison we’ve brought together more than 200 of the top Forex brokers in the world and filtered them into one database. By evaluating their relative merits we’re able to show exactly which ECN brokers are right for every trader’s particular needs.

Whether someone has a lot of money to invest or they’re just staring out on their FX journeys, it can be difficult to assess each site and ascertain what their best option is. Thankfully FXBrokerSearch.com’s platform combines expert analysis with client feedback to outline exactly which ECN brokers have the lowest commission charges, whether they offer bonuses or not and how many currency pairs are available to trade.

Indeed, knowing the specific values of a broker is crucial but thanks to our system users can trade with confidence with an ECN broker that’s right for them.

Best ECN Brokers
Rank #1 #2 #3 #4 #5 #6 #7 #8 #9 #10
Broker InstaForex logo FXCC logo OctaFX logo SunbirdFX logo HotForex logo LiteForex logo PFD logo FBS logo Interactive Brokers logo Exness logo
Name InstaForex FXCC OctaFX SunbirdFX HotForex LiteForex PFD FBS Interactive Brokers Exness
Editorial Review Read Read Read Read Read Read Read Read Read Read
Visit Site Sign Up Sign Up Sign Up Sign Up Sign Up Sign Up Sign Up Sign Up Sign Up Sign Up
Editorial Rating 4.17 4.10 3.99 3.96 3.94 3.94 3.92 3.89 3.84 3.83
Account Details
Commission/Service Fee Yes Yes No Yes Yes No Yes No Yes Yes
Minimum Deposit $1 $100 $5 $100 $5 $1 - $5 $2,000 $1
Maximum Leverage 1,000:1 300:1 500:1 100:1 1,000:1 1,000:1 300:1 500:1 40:1 2,000:1
Position Size 1,000 1,000 - - 1,000 1,000 1,000 1,000 - 1,000
Spread - EUR/USD 3.00 0.40 0.60 - 0.80 3.00 - 2.00 1.20 0.90
Spread - GBP/USD 3.00 0.50 0.60 - 1.80 3.00 - 3.00 1.30 1.00
Accept US Traders No No No No No No No No Yes No
Market Maker No No No No No No No No No No
ECN Broker Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Demo Account Yes Yes No Yes Yes Yes Yes Yes Yes Yes
MetaTrader 4 Yes No Yes Yes Yes Yes Yes Yes No Yes
MetaTrader 5 Yes No No Yes No Yes No No No Yes
Hedging Yes No Yes No Yes Yes Yes Yes Yes Yes
Scalping Yes No Yes No Yes Yes Yes Yes Yes Yes
Promotions
Bonus No No Yes Yes No Yes No No No Yes
Rebate No No Yes No No Yes No No No No
Payment Options
Credit/debit Yes No No Yes Yes No Yes Yes No Yes
Moneybookers Yes No No Yes Yes Yes Yes Yes No Yes
WebMoney Yes No No Yes Yes Yes No Yes No Yes
Wire Yes No No Yes Yes Yes Yes Yes Yes Yes
PayPal Yes No No No No No No No No No
Company information
Name - FXCC FX Central Clearing Ltd Octa Markets Incorporated Sunbirdfx.com HF Markets Ltd. LiteForex Pacific Financial Derivatives Ltd. FBS Markets Inc. Interactive Brokers Group, LLC EXNESS Limited
Found in 2007 2010 2011 2005 2007 2005 1999 2009 1977 2008
Regulation Authority - CySEC (Cyprus) - - FSC (Mauritius) SIBA DGCX (Dubai), FMA (New Zealand) IFSC (Belize) NFA (US), FCA (UK) SEC (US), NASD (US) FINRA (US), SIPC (US) CySEC (Cyprus)
Compare Brokers

Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.

fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.