Mr FOREX

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.

BlackBull
Popularity Popularity: 3 out of 4
Leverage ≤1:500
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5
RoboForex
Popularity Popularity: 4 out of 4
Bonus
Leverage ≤1:2000
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5
pepperstone
Popularity Popularity: 3 out of 4
Leverage ≤1:500
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5
FreshForex
Popularity Popularity: 2 out of 4
Leverage ≤1:2000
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5
JustMarkets
Popularity Popularity: 3 out of 4
Leverage ≤1:3000
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5
tickmill
Popularity Popularity: 3 out of 4
Leverage ≤1:500
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5
FP Markets
Popularity Popularity: 2 out of 4
Leverage ≤1:500
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5
Headway
Popularity Popularity: 2 out of 4
Leverage ≤1:10000
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5
fortrade
Popularity Popularity: 2 out of 4
Leverage ≤1:200
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5
FXOpen
Popularity Popularity: 2 out of 4
Leverage ≤1:500
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5
IronFX
Popularity Popularity: 2 out of 4
Leverage ≤1:1000
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5
AMarkets
Popularity Popularity: 1 out of 4
Leverage ≤1:3000
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5
Vantage
Popularity Popularity: 3 out of 4
Leverage ≤1:500
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5
alpari
Popularity Popularity: 2 out of 4
Leverage ≤1:3000
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5
GrandCapital
Popularity Popularity: 2 out of 4
Leverage ≤1:500
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5
IFC Markets
Popularity Popularity: 2 out of 4
Min. Deposit $1000
Leverage ≤1:400
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5
exness
Popularity Popularity: 4 out of 4
Leverage ≤1:10000
Platforms
TradingView TradingView
cTrader cTrader
MetaTrader 4 MetaTrader 4
MetaTrader 5 MetaTrader 5

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.