Best ECN Forex brokers

Find below the list of Top recommended ECN No Dealing Desk Forex brokers and compare them to find the ECN broker that suits your needs for the best ECN Forex trading experience.

Risk Warning: Investments involve a high level of risk.

1
MT4 +
ECN (Min. Deposit) $50
2
MT4 +
MT5 +
ECN (Min. Deposit) $100
3
MT4 +
ECN (Min. Deposit) $250
4
MT4 +
MT5 +
ECN (Min. Deposit) $300
Review Exness Review
5
MT4 +
MT5 +
ECN (Min. Deposit) $100
Review FxPro Review
6
MT4 +
MT5 +
ECN (Min. Deposit) $500
7
MT4 +
MT5 +
ECN (Min. Deposit) $200
Review Pepperstone Review
8
MT4 +
MT5 +
ECN (Min. Deposit) $1000
9
MT4 +
ECN (Min. Deposit) $100
10
MT4 +
ECN (Min. Deposit) $100
11
MT4 +
ECN (Min. Deposit) $50
12
MT4 +
MT5 +
ECN (Min. Deposit) $300
13
MT4 +
MT5 +
ECN (Min. Deposit) $10
14
MT4 +
ECN (Min. Deposit) $100
Review Fortrade Review
15
MT4 +
ECN (Min. Deposit) $25
Review Tickmill Review
16
MT4 +
ECN (Min. Deposit) $10000
17
MT4 +
ECN (Min. Deposit) $100
18
MT4 +
ECN (Min. Deposit) $500
19
MT4 +
ECN (Min. Deposit) $500
20
MT4 +
MT5 +
ECN (Min. Deposit) $1000
21
MT4 +
ECN (Min. Deposit) $300
22
MT4 +
ECN (Min. Deposit) $3000
23
MT4 +
ECN (Min. Deposit) $5000
24
MT4 +
MT5 +
ECN (Min. Deposit) $200
25
MT4 +
MT5 +
ECN (Min. Deposit) $500
26
MT4 +
MT5 +
ECN (Min. Deposit) $100
27
MT4 +
ECN (Min. Deposit) $200
28
MT4 +
ECN (Min. Deposit) $1000
29
MT4 -
ECN (Min. Deposit) $1
30
MT4 +
ECN (Min. Deposit) $500
31
MT4 +
ECN (Min. Deposit) $100
32
MT4 +
ECN (Min. Deposit) $5000
33
MT4 +
ECN (Min. Deposit) $1
34
MT4 +
ECN (Min. Deposit) $10000
35
MT4 +
ECN (Min. Deposit) $5
36
MT4 +
ECN (Min. Deposit) $500




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.