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.

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

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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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