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.

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Broker
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MT4 MT5 ECN (Minimum Deposit)
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1 £/€/$100
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2 £/€/$200
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3 €/$300
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4 £/€/$500
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5 £/€/$50
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6 £/€/$100
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7 £/€/$300
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8 £/€/$250
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9 £/€/$25
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10 £/€/$200
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11 €/$200
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12 £/€/$1000
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13 £/€/$50
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14 £/€/$100
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15 €/$1000
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16 €/$100
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17 £/€/$1000
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18 €/$100
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19 £/€/$2000
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20 €/$500
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21 $500
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22 £/€/$10000
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23 $500
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24 £/€/$500
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25 £/€/$500
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26 €/$5000
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27 €/$10
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28 $10000
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29 $5000
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30 €/$1
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31 £/€/$100
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32 £/€/$3000
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33 £/€/$500
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34 €/$250
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35 $1
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36 €/$100
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37 $300
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MT4
MT5
ECN (Min. Deposit) £/€/$100

MT4
MT5
ECN (Min. Deposit) £/€/$200

MT4
MT5
ECN (Min. Deposit) €/$300

MT4
MT5
ECN (Min. Deposit) £/€/$500

MT4
MT5
ECN (Min. Deposit) £/€/$50

MT4
MT5
ECN (Min. Deposit) £/€/$100

MT4
MT5
ECN (Min. Deposit) £/€/$300

MT4
MT5
ECN (Min. Deposit) £/€/$250

MT4
MT5
ECN (Min. Deposit) €/$100

MT4
MT5
ECN (Min. Deposit) £/€/$25

MT4
MT5
ECN (Min. Deposit) £/€/$200

MT4
MT5
ECN (Min. Deposit) €/$200

MT4
MT5
ECN (Min. Deposit) £/€/$1000

MT4
MT5
ECN (Min. Deposit) £/€/$50

MT4
MT5
ECN (Min. Deposit) £/€/$100

MT4
MT5
ECN (Min. Deposit) €/$1000

MT4
MT5
ECN (Min. Deposit) £/€/$1000

MT4
MT5
ECN (Min. Deposit) €/$100

MT4
MT5
ECN (Min. Deposit) £/€/$2000

MT4
MT5
ECN (Min. Deposit) €/$500

MT4
MT5
ECN (Min. Deposit) $500

MT4
MT5
ECN (Min. Deposit) £/€/$10000

MT4
MT5
ECN (Min. Deposit) $500

MT4
MT5
ECN (Min. Deposit) £/€/$500

MT4
MT5
ECN (Min. Deposit) £/€/$500

MT4
MT5
ECN (Min. Deposit) €/$5000

MT4
MT5
ECN (Min. Deposit) €/$10

MT4
MT5
ECN (Min. Deposit) $10000

MT4
MT5
ECN (Min. Deposit) $5000

MT4
MT5
ECN (Min. Deposit) €/$1

MT4
MT5
ECN (Min. Deposit) £/€/$100

MT4
MT5
ECN (Min. Deposit) £/€/$3000

MT4
MT5
ECN (Min. Deposit) £/€/$500

MT4
MT5
ECN (Min. Deposit) €/$250

MT4
MT5
ECN (Min. Deposit) $1

MT4
MT5
ECN (Min. Deposit) €/$100

MT4
MT5
ECN (Min. Deposit) $300


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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.

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