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.
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.
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Exness
RoboForex
JustForex
Alpari
Vantage
FXOpen
Tickmill
AMarkets
NordFX
FreshForex
FXTM
FiboGroup
RoboMarkets
GrandCapital
FP Markets
Orbex
Forex.ee
