Top Ecn Brokers for 2020

We found 11 online brokers that are appropriate for Trading Ecn.

Best Ecn Brokers Guide

ECN Brokers

ECN brokers are brokers that use an electronic communication network, hence its name ECN Forex market.

Many forex brokers have stepped into this new system and are also known as STP brokers, which means 'straight through processing'. Also refered to as non-dealing desk brokers or NDD brokers.

With ECN brokers the ECN system does the work of matching participants electronically.

ECN Forex brokers trade as per the requests of clients and not against them for a fixed commission based on the number of transactions. Usually, the fee is less compared to non-ECN Forex trading.

So, it can be said that ECN FX brokers facilitate trades on a network that is accessed by several Forex traders.

What is ECN

When starting out many traders ask what is ECN? Who are the best ECN brokers? ECN is not rocket science, but simply an electronic system network that facilitates buyers and sellers to meet and execute trades.

The ECN is designed to match buyers and sellers that can trade and transact. If the match is not met, the network reflects the highest and lowest bids that are listed on it.

ECN Forex benefits

The primary benefit of ECN forex is that traders can trade beyond the traditional trading hours. The availability here is comparatively wider and price feed has transparency too. All the ECN Forex brokers access the same feed and so they trade at the defined price. Price manipulation is not possible with ECN brokers as recent price history is made available. No trader enjoys a built-in advantage over other traders on ECN.

ECN Forex disadvantages Something to be aware of when trading ECN forex is pre-trade-based commissions may be higher. The commission fees to use ECN forex is higher compared to non-ECN trading.

Choosing the best ECN brokers

Lately, ECN Forex brokers are gaining popularity and their number is increasing by at least two-fold year- after-year.

It is important to know whether the ECN forex brokers you decide to trade with are able to meet minimum industry standards. Check your ECN brokers have a presence in your country. You and your ECN broker should be governed by the same legal system.

If you are in the UK, it is suggested to look for ECN brokers who have a presence there. Same if you are based in South Africa, United Emirates or anywhere else in the world.

Next, look for the regulation under which your broker is governed to check how safe your deposit is. Even for small investors, this is important.

Check the trading fees and commissions and check whether you are allowed to start with a demo account.

Real ECN brokers

The real ECN Forex brokers will readily offer ECN-type of account and put your orders into the electronic network to match with another trader.

Ask the ECN brokers about liquidity provider and this should always be a tier-one bank.

We've collected thousands of datapoints and written a guide to help you find the best Ecn Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best ecn brokers below. You can go straight to the broker list here.

Reputable Ecn Brokers Checklist

There are a number of important factors to consider when picking an online Ecn trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Ecn Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Ecn Brokers of 2020 compared

Here are the top Ecn Brokers.

Compare Ecn Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are ecn brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more ecn brokers that accept ecn clients

Broker FP Markets Roboforex Pepperstone FXPrimus ThinkMarkets Forex.com NordFX Axitrader forexmart Eightcap Admiral
Rating
Regulation Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Min Deposit 100 1 200 100 250 100 1 No minimum deposit 1 100 200
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 150,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps MT4, MT5, Tablet & Mobile apps MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps MT4,WEB,desktop MT4, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
fpmarkets
Sign Up with
roboforex
Sign Up with
pepperstone
Sign Up with
fxprimus
Sign Up with
thinkmarkets
Sign Up with
forexcom
Sign Up with
nordfx
Sign Up with
axitrader
Sign Up with
forexmart
Sign Up with
eightcap
Sign Up with
admiralmarkets
Risk Warning Losses can exceed deposits Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Losses can exceed deposits Losses can exceed deposits 73% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits Losses can exceed deposits Your capital is at risk Losses can exceed deposits Losses can exceed deposits
Demo FP Markets
Demo
Roboforex
Demo
Pepperstone
Demo
FXPrimus
Demo
ThinkMarkets
Demo
Forex.com
Demo
NordFX
Demo
Axitrader
Demo
ForexMart
Demo
Eightcap
Demo
Admiral Markets
Demo
Excluded Countries US, JP, NZ US, JP BR, KR, IR, IQ, SY, JP, US AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW BE No US, JP US US, CA, JP, SG, MY, JM, IR, TR

All Ecn brokers in more detail

You can compare Ecn Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Ecn Brokers for 2020 article further below. You can see it now by clicking here

We have listed top Ecn brokers below.

Ecn Brokers List

FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 10000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Pepperstone offers Forex, CFDs, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
FXPrimus
(4/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
ThinkMarkets
(4/5)
Min deposit : 250
ThinkMarkets was established in 2010 and is used by over 10000+ traders. Losses can exceed deposits ThinkMarkets offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Forex.com
(4/5)
Min deposit : 100
Forex.com was established in 1999 and is used by over 150000+ traders. 73% of retail investor accounts lose money when trading CFDs with this provider Forex.com offers Forex, Indices, Commodities, Equities, Cryptocurrencies

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
Axitrader
(4/5)
Min deposit : 0
Axitrader was established in 2007 and is used by over 10000+ traders. Losses can exceed deposits Axitrader offers Forex, CFDs, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA)
forexmart
(4/5)
Min deposit : 1
ForexMart was established in 2015 and is used by over 10000+ traders. Your capital is at risk ForexMart offers Forex trading, CFD trading, Social trading, Share Dealing, Crypocurrency trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4,WEB,desktop

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
Eightcap
(4/5)
Min deposit : 100
Eightcap was established in 2015 and is used by over 10000+ traders. Losses can exceed deposits Eightcap offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC)
Admiral
(1/5)
Min deposit : 200
Admiral Markets was established in 2001 and is used by over 10000+ traders. Losses can exceed deposits Admiral Markets offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)