Best ECN Forex brokers
Find below the list of Top recommended ECN Forex brokers (ECN + NDD No Dealing Desk + STP + DMA) and compare them to find the ECN broker that suits your needs for the best ECN Forex trading experience.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 57-89% of retail CFD accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| # | Broker | EU risk warning | Popularity | Bonus | Min. Deposit |
ECN (min. deposit) |
Leverage |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Not for EU |
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$1 | $1 | ≤1:500 | > Visit → | ||||||
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BlackBull Markets is a New Zealand-based ECN broker that connects retail traders to institutional-grade liquidity. It offers raw spreads and fast execution via specialized servers. Key features include aggregation of liquidity providers and integration with advanced charting tools. It is designed for scalpers and traders demanding professional infrastructure. |
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| 2 | Not for EU |
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$30 | $10 | $10 | ≤1:2000 | > Visit → | |||||
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RoboForex is a versatile broker offering a unique stock trading platform alongside standard software. It is a specialist in automated trading solutions. Key features include specialized accounts with institutional conditions and stock trading availability. Suitable for algorithmic traders and those looking for a multi-asset environment. |
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| 3 | 72.2% of retail CFD accounts lose money |
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$10 | $10 | ≤1:500 | > Visit → | ||||||
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Pepperstone is an Australian broker known for its competitive accounts and fast execution. It integrates with various advanced charting and trading platforms. Key features include institutional-grade spreads and no dealing desk intervention. A standard for scalpers and tech-savvy traders. |
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| 4 | Not for EU |
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$50 | $10 | $10 | ≤1:2000 | > Visit → | |||||
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FreshForex is a broker known for its flexible leverage and active trading conditions. It offers an environment suitable for scalping with fast execution speeds. Key features include efficient deposit processing and a wide array of asset pairs. Suitable for aggressive traders looking to maximize their margin utility. |
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| 5 | Not for EU |
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$1 | $100 | ≤1:3000 | > Visit → | ||||||
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JustMarkets is a retail broker focused on low spreads and accessible trading conditions. It offers a variety of accounts tailored to different needs. Key features include flexible leverage, copy trading features, and regional payment methods. A choice for traders in emerging markets seeking accessible costs. |
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| 6 | 75% of retail CFD accounts lose money |
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$30 | $100 | $100 | ≤1:500 | > Visit → | |||||
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Tickmill is a broker focused on keeping trading costs low. It offers competitive spreads and commissions. Key highlights include no requotes and allowance of all strategies including scalping. Essential for cost-conscious and professional traders. |
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| 7 | 74.73% of retail CFD accounts lose money |
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$100 | $100 | ≤1:500 | > Visit → | ||||||
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FP Markets is an Australian broker offering ECN pricing and DMA access to global equity markets. It connects traders to advanced platforms with raw spreads. Key features include deep liquidity, no dealing desk intervention, and a massive range of tradable assets. Suitable for professional traders and equity investors looking for direct market access. |
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| 8 | Not for EU |
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$111 | $1 | $100 | ≤1:10000 | > Visit → | |||||
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Headway delivers a flexible trading environment with access to a broad spectrum of global assets, including stocks and currencies. The broker prioritizes fast execution speeds and offers distinct account tiers suited to various trading volumes. Key advantages include specialized local payment solutions and swap-free availability for streamlined portfolio management. |
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| 9 | Not for EU |
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$100 | $100 | ≤1:200 | > Visit → | ||||||
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Fortrade offers a straightforward proprietary platform designed for simplicity. It provides access to a wide range of global CFDs with competitive fixed spreads. Key features include real-time market data and a clutter-free interface. Suited for traders who prefer a simple, streamlined trading experience over complex tools. |
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| 10 | 81.48% of retail CFD accounts lose money |
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$1 | $100 | ≤1:500 | > Visit → | ||||||
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FXOpen is an ECN pioneer, providing access to institutional liquidity. It offers specialized accounts and deep market depth. Key features include raw spreads, PAMM account technology, and a fair trading environment. Suitable for professional scalpers and institutional-style traders. |
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| 11 | Not for EU |
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$100 | $100 | ≤1:1000 | > Visit → | ||||||
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IronFX is a global broker offering multiple account types to suit every trading style, from floating to fixed spreads. It is known for its live trading competitions. Key features include a massive range of instruments, localized support, and flexible leverage. Suitable for traders who enjoy flexible trading conditions. |
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| 12 | Not for EU |
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$100 | $200 | ≤1:3000 | > Visit → | ||||||
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AMarkets focuses on execution speed and order processing quality. It offers a modern trading environment with flexible leverage options and a wide selection of instruments. Key features include copy-trading services, sentiment analysis indicators, and efficient deposit conditions. It is suitable for algorithmic traders and those prioritizing execution technicalities. |
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| 13 | Not for EU |
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$50 | $500 | ≤1:500 | > Visit → | ||||||
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Vantage is a global multi-asset broker offering ECN infrastructure. It connects traders to deep liquidity for fast execution. Key features include professional tools packages and raw ECN accounts. Suitable for traders seeking speed, reliability, and professional-grade tools. |
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| 14 | Not for EU |
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$30 | $500 | ≤1:3000 | > Visit → | ||||||
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Alpari is a historic brand in the industry, known for its investment systems and managed account options. It provides access to ECN trading with flexible leverage and liquidity. Key features include a variety of account types to suit different strategies and expertise in emerging markets. Suitable for investors looking for managed accounts and traders seeking flexible conditions. |
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| 15 | Not for EU |
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$10 | $500 | ≤1:500 | > Visit → | ||||||
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Grand Capital is a broker offering a mix of Forex and CFD services. It is known for its investment services and diverse account options. Key features include access to ECN accounts and various payment methods. Suitable for traders looking for a mix of investment services and trading variety. |
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| 16 | Not for EU |
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$1000 | $1000 | ≤1:400 | > Visit → | ||||||
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IFC Markets offers a unique approach with its method allowing traders to create their own synthetic instruments. It provides both fixed and floating spread accounts. Key features include continuous CFDs on commodities and annual interest on free margin. Suitable for creative traders who want to build custom portfolio baskets. |
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| 17 | Not for EU |
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$200 | $2000 | ≤1:10000 | > Visit → | ||||||
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Exness is known for its transparency and unique trading conditions, such as instant withdrawals and flexible leverage. It offers stable spreads and specific account types with distinct margin features. Key features include tick history transparency, competitive transaction costs, and around-the-clock support. Designed for volume traders and those needing flexible margin conditions. |
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BlackBull Markets is a New Zealand-based ECN broker that connects retail traders to institutional-grade liquidity. It offers raw spreads and fast execution via specialized servers. Key features include aggregation of liquidity providers and integration with advanced charting tools. It is designed for scalpers and traders demanding professional infrastructure.
| Popularity |
|
|---|---|
| Min. Deposit | $1 |
| ECN (min. deposit) | $1 |
| Leverage | ≤1:500 |
|
Platforms
✓
✓
✓
✓
|
|
RoboForex is a versatile broker offering a unique stock trading platform alongside standard software. It is a specialist in automated trading solutions. Key features include specialized accounts with institutional conditions and stock trading availability. Suitable for algorithmic traders and those looking for a multi-asset environment.
| Popularity |
|
|---|---|
| Min. Deposit | $10 |
| ECN (min. deposit) | $10 |
| Leverage | ≤1:2000 |
|
Platforms
✗
✓
✗
✓
|
|
| Bonus | $30 → |
Pepperstone is an Australian broker known for its competitive accounts and fast execution. It integrates with various advanced charting and trading platforms. Key features include institutional-grade spreads and no dealing desk intervention. A standard for scalpers and tech-savvy traders.
72.2% of retail CFD accounts lose money
| Popularity |
|
|---|---|
| Min. Deposit | $10 |
| ECN (min. deposit) | $10 |
| Leverage | ≤1:500 |
|
Platforms
✓
✓
✓
✓
|
|
FreshForex is a broker known for its flexible leverage and active trading conditions. It offers an environment suitable for scalping with fast execution speeds. Key features include efficient deposit processing and a wide array of asset pairs. Suitable for aggressive traders looking to maximize their margin utility.
| Popularity |
|
|---|---|
| Min. Deposit | $10 |
| ECN (min. deposit) | $10 |
| Leverage | ≤1:2000 |
|
Platforms
✗
✓
✗
✓
|
|
| No Deposit Bonus | $50 → |
JustMarkets is a retail broker focused on low spreads and accessible trading conditions. It offers a variety of accounts tailored to different needs. Key features include flexible leverage, copy trading features, and regional payment methods. A choice for traders in emerging markets seeking accessible costs.
| Popularity |
|
|---|---|
| Min. Deposit | $1 |
| ECN (min. deposit) | $100 |
| Leverage | ≤1:3000 |
|
Platforms
✗
✓
✗
✓
|
|
Tickmill is a broker focused on keeping trading costs low. It offers competitive spreads and commissions. Key highlights include no requotes and allowance of all strategies including scalping. Essential for cost-conscious and professional traders.
75% of retail CFD accounts lose money
| Popularity |
|
|---|---|
| Min. Deposit | $100 |
| ECN (min. deposit) | $100 |
| Leverage | ≤1:500 |
|
Platforms
✓
✓
✗
✓
|
|
| No Deposit Bonus | $30 → |
FP Markets is an Australian broker offering ECN pricing and DMA access to global equity markets. It connects traders to advanced platforms with raw spreads. Key features include deep liquidity, no dealing desk intervention, and a massive range of tradable assets. Suitable for professional traders and equity investors looking for direct market access.
74.73% of retail CFD accounts lose money
| Popularity |
|
|---|---|
| Min. Deposit | $100 |
| ECN (min. deposit) | $100 |
| Leverage | ≤1:500 |
|
Platforms
✓
✓
✗
✓
|
|
Headway delivers a flexible trading environment with access to a broad spectrum of global assets, including stocks and currencies. The broker prioritizes fast execution speeds and offers distinct account tiers suited to various trading volumes. Key advantages include specialized local payment solutions and swap-free availability for streamlined portfolio management.
| Popularity |
|
|---|---|
| Min. Deposit | $1 |
| ECN (min. deposit) | $100 |
| Leverage | ≤1:10000 |
|
Platforms
✗
✓
✗
✓
|
|
| No Deposit Bonus | $111 → |
Fortrade offers a straightforward proprietary platform designed for simplicity. It provides access to a wide range of global CFDs with competitive fixed spreads. Key features include real-time market data and a clutter-free interface. Suited for traders who prefer a simple, streamlined trading experience over complex tools.
| Popularity |
|
|---|---|
| Min. Deposit | $100 |
| ECN (min. deposit) | $100 |
| Leverage | ≤1:200 |
|
Platforms
✗
✓
✗
✗
|
|
FXOpen is an ECN pioneer, providing access to institutional liquidity. It offers specialized accounts and deep market depth. Key features include raw spreads, PAMM account technology, and a fair trading environment. Suitable for professional scalpers and institutional-style traders.
81.48% of retail CFD accounts lose money
| Popularity |
|
|---|---|
| Min. Deposit | $1 |
| ECN (min. deposit) | $100 |
| Leverage | ≤1:500 |
|
Platforms
✓
✓
✗
✓
|
|
IronFX is a global broker offering multiple account types to suit every trading style, from floating to fixed spreads. It is known for its live trading competitions. Key features include a massive range of instruments, localized support, and flexible leverage. Suitable for traders who enjoy flexible trading conditions.
| Popularity |
|
|---|---|
| Min. Deposit | $100 |
| ECN (min. deposit) | $100 |
| Leverage | ≤1:1000 |
|
Platforms
✗
✓
✗
✗
|
|
AMarkets focuses on execution speed and order processing quality. It offers a modern trading environment with flexible leverage options and a wide selection of instruments. Key features include copy-trading services, sentiment analysis indicators, and efficient deposit conditions. It is suitable for algorithmic traders and those prioritizing execution technicalities.
| Popularity |
|
|---|---|
| Min. Deposit | $100 |
| ECN (min. deposit) | $200 |
| Leverage | ≤1:3000 |
|
Platforms
✗
✓
✗
✓
|
|
Vantage is a global multi-asset broker offering ECN infrastructure. It connects traders to deep liquidity for fast execution. Key features include professional tools packages and raw ECN accounts. Suitable for traders seeking speed, reliability, and professional-grade tools.
| Popularity |
|
|---|---|
| Min. Deposit | $50 |
| ECN (min. deposit) | $500 |
| Leverage | ≤1:500 |
|
Platforms
✗
✓
✗
✓
|
|
Alpari is a historic brand in the industry, known for its investment systems and managed account options. It provides access to ECN trading with flexible leverage and liquidity. Key features include a variety of account types to suit different strategies and expertise in emerging markets. Suitable for investors looking for managed accounts and traders seeking flexible conditions.
| Popularity |
|
|---|---|
| Min. Deposit | $30 |
| ECN (min. deposit) | $500 |
| Leverage | ≤1:3000 |
|
Platforms
✗
✓
✗
✓
|
|
Grand Capital is a broker offering a mix of Forex and CFD services. It is known for its investment services and diverse account options. Key features include access to ECN accounts and various payment methods. Suitable for traders looking for a mix of investment services and trading variety.
| Popularity |
|
|---|---|
| Min. Deposit | $10 |
| ECN (min. deposit) | $500 |
| Leverage | ≤1:500 |
|
Platforms
✗
✓
✗
✓
|
|
IFC Markets offers a unique approach with its method allowing traders to create their own synthetic instruments. It provides both fixed and floating spread accounts. Key features include continuous CFDs on commodities and annual interest on free margin. Suitable for creative traders who want to build custom portfolio baskets.
| Popularity |
|
|---|---|
| Min. Deposit | $1000 |
| ECN (min. deposit) | $1000 |
| Leverage | ≤1:400 |
|
Platforms
✗
✓
✗
✓
|
|
Exness is known for its transparency and unique trading conditions, such as instant withdrawals and flexible leverage. It offers stable spreads and specific account types with distinct margin features. Key features include tick history transparency, competitive transaction costs, and around-the-clock support. Designed for volume traders and those needing flexible margin conditions.
| Popularity |
|
|---|---|
| Min. Deposit | $200 |
| ECN (min. deposit) | $2000 |
| Leverage | ≤1:10000 |
|
Platforms
✗
✓
✗
✓
|
|
ECN stands for "Electronic Communications Network." It is a type of financial trading platform that allows traders to access the interbank market directly, rather than going through a traditional market maker or broker. This allows for faster execution of trades and greater transparency in prices, as well as the ability to access a larger pool of liquidity. ECN's are often used by professional traders and institutional investors, but can also be accessed by retail traders through certain online platforms.
What is ECN?
What does it stand for? in english, ECN stands for “Electronic Communications Network”. It is a technology used by brokers to connect their clients directly with the liquidity providers of the Forex market. It is is a fast expanding way for Forex traders to do their trades.
What are ECN brokers?
ECN brokers provide their clients a direct access to the interbank market, trades are sent anonymously into a network where it is automatically matched to orders from liquidity providers as major banks, prime brokers, financial institutions. At the opposite, “market makers” brokers (Non-ECN) take the other side of the trade themselves, creating a conflict of interest with their clients. ECN brokers are also referred to “No Dealing Desk” (NDD) brokers.
Why use an ECN broker?
Advantages:
- Tight spreads
- Deep liquidity
- Price transparency, market driven spreads, no requotes, no conflict of interest: broker does not trade against you
- Fastest order execution, low latency, low slippage
- Trades are placed anonymously
- Ability for scalping, news trading and hedging possible
- No disconnects during news events
Disadvantages:
- Higher minimum deposit to start trading
- Higher minimum trade sizes
- Platforms unfriendly for beginners
- Smaller leverages
- No guarantees for stop loss execution
ECN brokers charge commissions but total fees for a trade tend to be smaller than it is with a standard Forex account.