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.

Risk Warning: Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor 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. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.

Top
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Broker
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ECN (Min. Deposit)
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MT4 MT5 Review
1 IC Markets $200 /€
Review
2 RoboForex $10 /€
Review
3 Exness $300 /€
Review
4 Alpari $300 /€
Review
5 FXTM $500 /€
Review
6 Vantage Fx $500 /€
Review
7 FxPro $100 /€
Review
8 NordFX $1000 /€
Review
9 JustForex $500 /€
Review
10 FreshForex $1 /€
Review
11 FX Choice $100 /€
Review
12 XTB $250 /€
Review
13 FXOpen $100 /€
Review
14 FiboGroup $50 /€
Review
15 OctaFx $100 /€
Review
16 Pepperstone $200 /€
Review
17 FortFS $500 /€
Review
18 AMarkets $200 /€
Review
19 TradersWay $50 /€
Review
20 Tickmill $100 /€
Review
21 GrandCapital $1000 /€
Review
22 Fortrade $100 /€
Review
23 FP Markets $100
Review
24 Orbex $500
Review
25 Land-FX $2000 /€
Review
26 ThinkMarkets $2000 /€
Review
27 Tifia $500 /€
Review
28 Forex.ee $200 /€
Review
29 FxPrimus $100 /€
Review
30 IronFX $500 /€
Review
31 NSFX $3000 /€
Review
32 FXGiants $200 /€
Review
33 RoboMarkets $100 /€
Review
ECN $200 /€ (Min. Deposit)
MT4
MT5

ECN $10 /€ (Min. Deposit)
MT4
MT5

ECN $300 /€ (Min. Deposit)
MT4
MT5

ECN $300 /€ (Min. Deposit)
MT4
MT5

ECN $500 /€ (Min. Deposit)
MT4
MT5

ECN $500 /€ (Min. Deposit)
MT4
MT5

ECN $100 /€ (Min. Deposit)
MT4
MT5

ECN $1000 /€ (Min. Deposit)
MT4
MT5

ECN $500 /€ (Min. Deposit)
MT4
MT5

ECN $1 /€ (Min. Deposit)
MT4
MT5

ECN $100 /€ (Min. Deposit)
MT4
MT5

12
ECN $250 /€ (Min. Deposit)
MT4
MT5

ECN $100 /€ (Min. Deposit)
MT4
MT5

ECN $50 /€ (Min. Deposit)
MT4
MT5

ECN $100 /€ (Min. Deposit)
MT4
MT5

ECN $200 /€ (Min. Deposit)
MT4
MT5

ECN $500 /€ (Min. Deposit)
MT4
MT5

ECN $200 /€ (Min. Deposit)
MT4
MT5

ECN $50 /€ (Min. Deposit)
MT4
MT5

ECN $100 /€ (Min. Deposit)
MT4
MT5

ECN $1000 /€ (Min. Deposit)
MT4
MT5

ECN $100 /€ (Min. Deposit)
MT4
MT5

ECN $100 (Min. Deposit)
MT4
MT5

ECN $500 (Min. Deposit)
MT4
MT5

ECN $2000 /€ (Min. Deposit)
MT4
MT5

ECN $2000 /€ (Min. Deposit)
MT4
MT5

ECN $500 /€ (Min. Deposit)
MT4
MT5

ECN $200 /€ (Min. Deposit)
MT4
MT5

ECN $100 /€ (Min. Deposit)
MT4
MT5

ECN $500 /€ (Min. Deposit)
MT4
MT5

ECN $3000 /€ (Min. Deposit)
MT4
MT5

ECN $200 /€ (Min. Deposit)
MT4
MT5

ECN $100 /€ (Min. Deposit)
MT4
MT5


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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.


Risk Warning: Investments involve a high level of risk. It is possible to lose all your capital. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor 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.

The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation and is not directed at residents of: Belgium · France · Japan · Latvia · Turkey · United States ·