Top Ecn Brokers for 2023
We found 11 online brokers that are appropriate for Trading Ecn.
Best Ecn Brokers Guide
Updated March 28, 2023
ECN Brokers
ECN trading brokers are unlike market maker brokers in the sense that they tend to charge higher minimum deposits compared to regular Forex accounts.
However, they do offer some considerable advantages to traders. Some of the best ECN brokers are equipped with the ability to get lower spreads and to carry out scalping.
With such attractive options offered by ECN brokers, it can sometimes be tough to choose one of the best. It has also recently become a trend that several traditional brokers are offering the same accounts. This has further complicated the decision-making process.
Despite this, we will try to make decision-making easy here, even though it can be tricky to figure out who the real ECN brokers are.
So, how can one tell who the real ECN broker is? In simple terms, an ECN broker plugs the orders of investors into a network that matches a matching order automatically from either a liquidity provider or another client.
ECN brokers are the types that utilize the electronic communication network, that is where the name ECN foreign exchange (or Forex) market comes from.
Many forex brokers have stepped into this new system and are also known as STP brokers, which means straight-through processing. Also referred to as non-dealing desk brokers or NDD brokers.
ECN Brokers Explained
ECN Forex brokers function through a computerized system to match the trade orders of customers electronically. Suppose a customer is looking to sell 1 lot of EUR/USD at a 1.2000 price tag and another customer is looking to buy a lot with the same parameter, the computerized system of the broker matches the two orders. The broker makes a profit from the commission charged on each trade.
The ECN brokers observe the price quotes from several liquidity providers and offer the same to customers at a spread, which is the difference between the buy price and sell price, which is measured in pips.
The spreads offered by ECN brokers are comparatively lower than those offered by traditional brokers. However, it is also important to understand that the real spread is a combination of both spread and commission charged.
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.
Essentially, ECN FX brokers offer assistance with ECN trading on a network typically used by multiple Forex traders.
What Is ECN Trading?
When starting their trading journey, many traders ask what an ECN is. 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.
An ECN is an automated matching machine meant for matching market buy and sell orders. For instance, if a buyer enters an order for 20 shares of Apple stock into one of these machines, they pair that request with either one seller (or more than one) who is offering Apple shares.
If it turns out that there are zero sellers available to entertain the buyer’s request, the buy order is then marked as an “open” quote in the automated order book.
ECNs help traders evade third parties like brokers. This way, they can trade directly with one another.
This is different when compared to the conventional trading system where market makers directly trade with clients, controlling the opposite side of trades and obtaining their profits from the bid-and-offer spread.
In this conventional trading system, rather than purchasing 20 Apple shares from someone who offers 20 Apple shares, you would be buying 20 Apple shares from the company’s market maker.
ECN Advantages
Following are the advantages of using ECNs:
Direct Earnings
The main benefit of ECN is that the broker earns through a spread and not through commission on each trade. This means there would be no earnings if the client makes a loss. This also means that conflicts between clients and ECN brokers would be negligible.
Flexible Trading Hours And Transparent Price Feeds
The primary benefit of ECN forex is that traders can trade beyond the traditional trading hours. The availability here is comparatively wider and the 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.
What sets ECN apart from market making brokers is that it promises transparency. All the members in the system have direct access to data on the available prices and trading orders.
ECN trading platforms also offer price history and that makes it a lot easier to analyze market trends. It also rules out the likeliness of price manipulation.
Privacy
Traders are often open books when they are carrying out regular foreign exchange trading. Nonetheless, discretion and privacy are highly crucial when a trader chooses to go with an ENC broker.
The confidentiality and secrecy they offer have to be associated with the fact that the broker would merely be serving as a mediator in the market rather than a market maker.
Clients And Liquidity
The way ECN brokers work allows all the possible chances to trade in a global liquidity pool of controlled, sustainable, and reputable financial corporations.
In addition to that, because of how connected data is communicated, transparency is also one of the most prominent benefits of working with ECN brokers.
Since all ECN brokers can gain access to the same market data, transparency of essential market prices from several liquidity providers is ensured.
Changeable Spreads
Traders are offered unrestricted access to market prices via an ECN broker paired with a dedicated account.
Considering the prices constantly change upon supply and demand, volatility, and other possible market environments, one can choose to trade on extremely low bid-and-offer spreads, granted they choose the right ECN broker to do so.
ECN Disadvantages
Despite offering considerable freedom and flexibility, using ECNs comes with its disadvantages as well.
Higher Commission Fees
Something to be aware of when trading ECN forex is pre-trade-based commissions may be higher. The commission fees to use ECN forex are higher compared to non-ECN trading.
If the commissions are factored in the spreads, the overall cost of smaller traders becomes high compared to the charges of market maker brokers.
Unpredictable Spreads
The spreads are unpredictable and are based on market behaviour. Spreads tend to be high with thin liquidity. Apart from all of this, some ECN brokers avoid offering trades in micro-lots.
Chances Of Fraud
There are times when the markets may indulge in dishonest practices. The way this type of account functions enables every partaker to be their market maker.
This ends up promoting dishonesty in the entire market. The chances of dishonest people introducing high-volume trades also grow. Some may also deceive others into thinking of them as ECN brokers when in reality, they are not.
Is It Viable To Use An ECN Broker?
Keeping in mind the advantages and disadvantages of using ECNs, it may be confusing for traders what decision to go with.
In general, the best ECN Forex brokers are seen as a better option compared to conventional Forex brokers. This is because they offer a clearer match between buyers and sellers.
The main caution should be for traders using the same ECN, however. If one trader always routes their trades via the same ECN, it is advised for them to track market fragmentation as it may lead to the ECN’s prices deviating from the ones offered in the wider market.
How Are Market Makers And ECN Brokers Different?
Understanding what market makers are is quite simple. Market makers are brokers that, as their name suggests, “make” markets by controlling the bid and asking prices through their systems. After that, they show these prices through their platforms, allowing investors to open as well as close trading positions.
Under normal circumstances, market makers will not hedge their customer positions with other disparate liquidity providers; this is a widespread practice among ECN brokers. On the contrary, what market makers usually do is that they pay client positions that are winning through their accounts. also, whenever a trader acquires a winning trading position, a market maker loses.
An ECN (or Electronic Communication Network) broker offers its traders access to other participants in the market through interbank trading prices. This enables buyers and sellers in the exchange to seek a counteragent of their trading positions.
Through the use of varying liquidity providers, ECN brokers can enable prices from these providers to compete against one another in the same auction.
This usually means that traders can acquire competent prices and a cheaper trading environment. Furthermore, by using ECN brokers, traders get to trade in a more transparent and productive environment.
Normally, an ECN broker gets its earnings via the trading volume of its customers by charging a commission on every position offered.
Things To Consider When Choosing ECN Brokers
The first factor to consider is where one is residing and the second one is trade size. Other factors include what one wants to trade and what the frequency of the trades would be as the cost is affected accordingly.
It is important to know one's trading style while choosing the best ECN forex broker. Moreover, it is always suggested to read the small print as sometimes the low spread turns out to mean a higher commission rate.
The three essential elements to consider are the deposit money, the type of instrument, and how often to trade.
It is suggested to opt for such ECN brokers who are from the same country, or who speak the same language even if they are from a neighbouring country. Moreover, the ECN brokers should be under a similar legal system to that of one's own country.
The legal framework for the United States ECN brokers is different from that of the United Kingdom ECN brokers. Each country has its legal system and this may differ from that of some other countries.
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 can 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.
ECN Regulation
Regulation and safety are two other factors to consider when choosing one of the best ECN brokers. Sometimes these two factors land up being big issues. Protection to deposit is important. Most countries protect a certain level of investment, such as up to GBP 75,000 in the UK.
The cost of trading is another factor to consider. It is important to save money from fees, commissions, spreads, and other charges. Hence, it is suggested to first open a demo account to get a better understanding of spreads before investing money.
The trading platform plays a key role, and it is important to consider this while choosing your ECN broker. The platform needs to be easy to use, pleasant, and intuitive. The platforms should also execute the work smoothly.
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.
Note that all the best ECN brokers are obligated to hold FCA licenses. When trading with a fully regulated ECN broker, you can be certain that you are going to be shielded by several security measures previously established by UK or EU laws.
ECN Facts To Be Wary Of As A Trader
There are numerous Forex brokerage companies in operation globally, and a lot of them are not regulated by any executive authority. Some unregulated brokers even call themselves ECN brokers when in actuality they are dealing desk brokers.
The best way to ensure that a Forex broker is an ECN broker is to check if they are regulated by a reputable financial authority. Regulated brokerage companies always have proper information about their regulated status on their websites.
One more way to make sure you are in contact with an authorized, legitimate ECN broker is that they do not constantly present requotes to their clients. Requotes happen as a result of the slower execution at the hands of dealing desk brokers.
You may enter an order to buy or sell at the current market price, but rather than having your order filled promptly, you could be presented with a requote at a different market price.
The execution order delays resulting from requotes may cost traders a significant amount of money, or in a fast-moving market, hinder them from executing a trade at all.
Real ECN brokers
The real ECN Forex brokers will readily offer ECN-type accounts and put your orders into the electronic network to match with another trader.
Ask the ECN brokers about liquidity providers and this should always be a tier-one bank.
Identifying An ECN Broker
There are numerous ways to determine if the broker you are looking at is a true ECN broker. The first step is to monitor the spreads provided by the broker. A majority of ECN brokers provide variably low spreads. Secondly, it is also advisable to check the customer agreement of a broker o check if they define their services as ECN. Lastly, the most ideal way to find out if the broker is a true ECN broker is to determine if it allows negative slippage. If the broker allows that, it is likely that the broker is not an ECN broker.
What Are The Main Qualities Of ECN Brokers?
ECN brokers carry out their trades via the ECN for prospective investors. Due to the way ECNs operate, trading through such kinds of brokers also leads to lowered costs and extra (and flexible) trading time.
ECN brokers do not transfer the inflow of orders to market makers. Instead, they automatically match the market participants in trade and move the orders to mediators present in the securities markets.
ECN brokers are not allowed to trade against their clients because that ends up matching transactions among other participants in the market. Because ECN spreads are a lot smaller compared to the ones used by regular brokers, ECN brokers charge their clients a predetermined commission per transaction.
ECN Vs Standard Account
In terms of what the difference between ECN and standard account is, one of the main differences is that a standard account normally has a fixed spread. In whatever trading position, a standard account broker plays the role of the counterparty a majority of the time. In contrast, an ECN account broker offers clients liquidity through a network. Put simply, it means that there are different bids and offers available for traders since the spread between the bid and ask price is normally tighter. The most significant comparisons between standard accounts and an ECN accounts are as follows:
ECN Accounts
The main characteristics of ECN accounts are as follows:
- ECN account orders are executed with direct connection to the liquidity providers.
- Traders are required to pay fixed commission charges per trade.
- ECN trading also involves non-dealing brokers.
- ECN accounts do not place premiums on the raw spread.
Standard Accounts
The main characteristics of standard accounts are as follows:
- The orders in standard accounts are internally executed, i.e., within the client pool of the brokerage.
- These types of accounts only come with spreads and no commission charges.
- Standard accounts can involve dealing desk brokers.
- They charge premium spreads artificially to earn revenue from trade executions.
Deposit And Withdrawal Methods With ECN Accounts
Deposit and withdrawal methods usually vary for every broker. Different brokers may offer different options, i.e., electronic payments, credit cards, debit cards, and/or wire transfers. Some ECN brokers UK define maximum and minimum deposit and withdrawal accounts. They may charge fees based on the methods their customers may choose and the process can either be quick or take a few working days. However, withdrawals should not take more than three business days unless something unusual happens.
A lot of brokers enforce minimum and maximum accounts on funding and withdrawals. Most commonly, minimums correlate to deposits, and maximums are linked to withdrawals.
For instance, some of the best Forex ECN brokers accept deposits that are 100 USD at minimum or the equivalent. They enforce maximum limits on deposits via certain payment options based on anti-money laundering guidelines. In the case of withdrawals, many top ECN brokers do not set maximum limits, granted there are enough funds available in the user’s account.
Why Are ECN Brokers Best For Scalpers?
ECN brokers are perfect for scalpers because they rely on minute market movements. Scalpers need to get in and exit the market immediately, and ECN’s rapid execution offers a great advantage. Aside from that, the tight spreads are also essential, together with the stability deep liquidity can offer.
Therefore, ECN accounts offer all the main components a scalper will seek out and need if they aim to operate favourably. Yet another crucial requirement for scalpers to be able to make use of small markets is the accessibility of trading with high leverage brokers. Normally, a leverage amount that is anywhere between 10 to 1 and 20 to 1 is sufficient to balance reward and risk for many individuals.
Acquiring leverage in the UK and Europe under ASIC, FCA, and ESMA rules, brokers can provide peak leverage of 30 to 1 on the main Forex pairs. However, this amount can increase for traders trading outside these areas. For instance, in regions like South Africa, regulated brokers can offer their customers leverage of 400 to 1 on all main Forex pairs.
ECN Liquidity Providers
ECN liquidity providers are known to provide prices to brokers, which can then be offered to traders. ECN Forex brokers usually select the best prices from their liquidity providers to supply in their ECN. It is not unusual for the best ECN brokers to have several multiple liquidity providers. It lets them have a raised liquidity level, and that in turn offers the lowest yet consistent pricing on the Forex market to their clients.
Overall, it can be said that ECN trading depends not only on brokers to offer a stellar experience but also on the offerings and performance of every liquidity provider.
ECN Brokers Verdict
In this article titled ECN brokers, we discussed what an ECN broker is and what to consider when choosing such a broker. It is always important to read the fine print and understand the hidden costs before opening an account. The suggestion is particularly significant to beginners and those who have low-risk attitudes.
Also keep in mind that licensed brokers should follow strict rules when the security of a trader’s funds is at stake. Considering this, if your broker is fully regulated by one or several regulatory bodies know that your funds will be safe.
We have conducted extensive research and analysis on over multiple data points on Ecn Brokers to present you with a comprehensive guide that can help you find the most suitable Ecn Brokers. Below is a list of what we consider to be the best ecn brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Ecn Brokers.
Reputable Ecn Brokers Checklist
There are a number of important factors to consider when picking an online Ecn trading brokerage.
- Check your Ecn broker has a history of at least 2 years.
- Check your Ecn broker has a reasonable sized customer support of at least 15.
- Does the Ecn broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Ecn broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Ecn broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Ecn can hire people from various locations in the world who can better communicate in your local language.
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.
- Minimum deposit to open an account.
- Available funding methods for the below Ecn Brokers.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Ecn Brokers of 2023 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 |
Roboforex
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Pepperstone
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NordFX
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Admiral
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Axitrader
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forexmart
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Eightcap
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phoenixmarkets
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ezinvest
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FXPrimus
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IB
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| Rating | |||||||||||
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), 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), License No: 209/13, VFSC registration number 15008 | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA) | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
| Min Deposit | 1 | 200 | 1 | 200 | No minimum deposit | 1 | 100 | 500 | 500 | 100 | 10000 |
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| Used By | 1,000,000+ | 400,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
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| Platforms | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4,WEB,desktop | MT4, Tablet & Mobile apps | MT4,mac,Android.iPhone/iPad | MT4,mac,Android.iPhone/iPad | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, NinjaTrader, Tablet & Mobile apps |
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Up with admiralmarkets |
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Up with axitrader |
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| Risk Warning | Losses can exceed deposits | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
| Demo |
Roboforex Demo |
Pepperstone Demo |
NordFX Demo |
Admiral Markets Demo |
Axitrader Demo |
ForexMart Demo |
Eightcap Demo |
Phoenix Markets Demo |
EZINVEST Demo |
FXPrimus Demo |
Interactive Brokers Demo |
| Excluded Countries | US, JP, IR, RU | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, CA, EU, RU, SY, KP, CU | US, CA, JP, SG, MY, JM, IR, TR | US, JP | RU | US | BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL | BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US |
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 2023 article further below. You can see it now by clicking here
We have listed top Ecn brokers below.
Ecn Brokers Table of Contents
- Ecn Brokers Explained
- 6 Factors to Consider when Choosing Ecn Brokers
- Are Your Ecn Brokers Trusted And Established?
- Are The Ecn Brokers World Leading?
- What are the Ecn Brokers Commissions and Fees?
- What are the Ecn Brokers Funding and Withdrawl Methods?
- Find Ecn Brokers with Round-the-clock support?
- Make sure the Ecn Brokers Offer Comprehensive Trader resources?
- Why Ecn Brokers needs to be regulated?
- Ecn Brokers FAQ
- What are the best Ecn brokers?
- What is the best Ecn broker?
- Related Ecn Brokers Reviews
- Related Ecn Brokers Alternatives
- Related Ecn Brokers Comparisons
Ecn Brokers Explained
Trading the financial markets with Ecn Brokers when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Ecn Brokers is the platform that a Ecn Brokers offer.
Choose Ecn Brokers that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Ecn Brokers that you can rely on.
6 Factors to Consider when Choosing Ecn Brokers
Follow these five rules for selecting a broker that's right for you:
Are Your Ecn Brokers Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Ecn broker is Roboforex. Established in 2009, and in operation for 9 years Roboforex have a head office in Cyprus.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is Pepperstone.
Pepperstone was established 2010, and in operation for 8 years Pepperstone have a head office in Australia.
Pepperstone is regulated. This means Pepperstone are supervised by and is checked for conduct by Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
Roboforex
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Pepperstone
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NordFX
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Admiral
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Axitrader
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forexmart
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Eightcap
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phoenixmarkets
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| Year Established | 2009 | 2010 | 2008 | 2001 | 2007 | 2015 | 2015 | 2013 |
| Head Office | Cyprus | Australia | Mauritius | UK | Australia | Cyprus | Australia | Cyprus |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), 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), License No: 209/13, VFSC registration number 15008 | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA) | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) |
| Used By | 1,000,000+ | 400,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
| Negative balance protection | No | Yes | Yes | No | Yes | No | No | |
| Guaranteed Stop Loss | No | No | No | No | Yes but 10% | No | No | |
| Learn More | Visit Roboforex | Visit Pepperstone | Visit NordFX | Visit Admiral Markets | Visit Axitrader | Visit ForexMart | Visit Eightcap | Visit Phoenix Markets |
| Risk Warning | Losses can exceed deposits | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | Your capital is at risk |
Are The Ecn Brokers World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. Roboforex Segregates clients funds and offers over 100 instruments. Roboforex offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, the Roboforex platform enables access to a variety of financial markets worldwide. Roboforex is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Ecn Brokers is Pepperstone. Pepperstone Segregates clients funds and offers over 1200 instruments.
| Broker |
Roboforex
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Pepperstone
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NordFX
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Admiral
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Axitrader
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forexmart
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Eightcap
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phoenixmarkets
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| Instruments Available | 100 | 1200 | 50 | 148 | 100 | 111 | 100 | 97 |
| Platforms | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4,WEB,desktop | MT4, Tablet & Mobile apps | MT4,mac,Android.iPhone/iPad |
| Excluded Countries | US, JP, IR, RU | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, CA, EU, RU, SY, KP, CU | US, CA, JP, SG, MY, JM, IR, TR | US, JP | RU | US | RU |
| Forex pairs offered | 35 | 70 | 40 | 100 | 100 | 45 | 67 | |
| Forex pairs offered | 35 | 70 | 40 | 100 | 100 | 45 | 67 | |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | No | Yes | Yes | |
| Exotic forex pairs | Yes | Yes | Yes | Yes | No | Yes | Yes | |
| Cryptocurrencies (availability subject to regulation) | No | Yes | Yes | Yes | Yes | Yes | No | Yes |
| Commodities Offered | 21 | 16 | 0 | 0 | 20 | 0 | 0 | 0 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | No | Yes | No | Yes | Yes | Yes | Yes | Yes |
| Agricultural | No | Yes | No | No | Yes | Yes | No | Yes |
| Stocks Offered | 0 | 1100 | 64 | 1000 | 53 | 0 | 379 | |
| UK Shares | Yes | Yes | No | Yes | Yes | Yes | No | Yes all Major |
| US Shares | Yes | Yes | No | Yes | Yes | No | No | Yes all Major |
| German Shares | Yes | Yes | No | Yes | Yes | No | Yes | Yes all Major |
| Japanese Shares | Yes | Yes | No | Yes | Yes | No | Yes | No |
What are the Ecn Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Ecn broker Roboforex offers competitive offers for Forex, CFDs. Roboforex minimum deposit is 1.
Another top rated Ecn broker Pepperstone offers Forex, CFDs, Social Trading. Pepperstone minimum deposit is 200. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
Roboforex
|
Pepperstone
|
NordFX
|
Admiral
|
Axitrader
|
forexmart
|
Eightcap
|
phoenixmarkets
|
| Min Deposit | 1 | 200 | 1 | 200 | 0 | 1 | 100 | 500 |
| Withdrawl Fees | Yes | No | No | No | Varies | 5 | Yes | varies |
| Inactivity Fees | No | No | No | No | No | No | No | |
| Deposit Fees | No | No | No | Varies | Varies | Yes | Yes | |
| CFD Commission Fees | No | Yes | Yes | Yes | Yes | Yes | Yes |
What are the Ecn Brokers Funding and Withdrawal Methods?
When dealing with Ecn Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
Roboforex
|
Pepperstone
|
NordFX
|
Admiral
|
Axitrader
|
forexmart
|
Eightcap
|
phoenixmarkets
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes |
| Paypal | No | Yes | No | No | No | No | No | No |
| Skrill | No | Yes | No | Yes | No | Yes | No | Yes |
| Payoneer | Yes | Yes | No | Yes | Yes | No | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes |
Find Ecn Brokers with Round-the-clock support?
Customer service is very important when dealing with Ecn Brokers.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Ecn Brokers customer support can include Phone answering services, Live chat support and Email customer service support.
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
Pepperstone support a wide range of languages including English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic
Roboforex and Pepperstone offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
Roboforex
|
Pepperstone
|
NordFX
|
Admiral
|
Axitrader
|
forexmart
|
Eightcap
|
phoenixmarkets
|
| Support |
|
|
|
|
|
|
|
|
| Languages | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian | English, Spanish, Hungarian, Bulgarian, Cestina, German, Dutch, French, Eesti, Francais, Greek, Latviesu, Lietuviskas, Moldovian, Croatian, Slovenian, Polish, Russian, Serbian, Romanian, Ukrainian, and Croatian | English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, and Chinese | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |
| Learn More | Visit Roboforex | Visit Pepperstone | Visit NordFX | Visit Admiral Markets | Visit Axitrader | Visit ForexMart | Visit Eightcap | Visit Phoenix Markets |
| Risk Warning | Losses can exceed deposits | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | Your capital is at risk |
Make sure the Ecn Brokers Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, Roboforex and Pepperstone work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why Ecn Brokers needs to be regulated?
A regulated Ecn broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Ecn brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Ecn Brokers List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4,WEB,desktopCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4,mac,Android.iPhone/iPadCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4,mac,Android.iPhone/iPadCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, NinjaTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits