Best and Most Trusted ECN Forex Brokers in 2023
Considered to be some of the purest of forex dealers in the market, ECN brokers can offer you a way of making money that is unlike what you would experience in the regular forex markets. They do not make profits from the spread difference. They charge a commission instead.
Because of this, in ECN Forex, it is in the best interest of the ECN broker to make a profit, or they will not be able to charge a commission. So, before we get into a little more detail about the ECN brokers, let us look at what the ECN is all about.
DEPOSIT METHODS
Debit, Credit and more.
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DEPOSIT METHODS
Wire Transfer, Credit Card and More.
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DEPOSIT METHODS
Bank Transfer, Skrill, Neteller, Visa
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Trading Instruments
1000+
DEPOSIT METHODS
Bank Transfer, Skrill and More.
Bonus
$30 non deposit bonus
TYPE OF BROKERS
ECN/Market Maker
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DEPOSIT METHODS
Private Bank Transfer, Skrill, Neteller, Visa, Mastercard
TYPE OF BROKERS
ECN / STP
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DEPOSIT METHODS
Wire Transfer, Credit Card, Skrill, Neteller, UnionPay.
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DEPOSIT METHODS
Credit / Debit Card, PayPal, POLi, China UnionPay, Skrill, Neteller, Broker to Broker (B2B), Bpay, Wire Transfer, MasterCard, VISA.
TYPE OF BROKERS
ECN, Market Maker
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DEPOSIT METHODS
Bank cards, Neteller, Skrill, and other local and international EPS.
TYPE OF BROKERS
ECN, Market Maker, NDD
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Trading Instruments
Lot of Trading Instruments
DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, Skrill, Neteller, UnionPay.
TYPE OF BROKERS
ECN /STP/NDD
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DEPOSIT METHODS
Wire Transfer, Credit Card, Skrill, Neteller, Fasapay, UnionPay, Qiwi, Sofort, PaySafeCard, SticPay, DotPay.
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DEPOSIT METHODS
Debit, Credit and Prepaid Cards, Bank Wire Transfer, PayPal and others.
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DEPOSIT METHODS
Wire Transfer, Credit Card, Neteller, Bpay, Poli.
TYPE OF BROKERS
ECN /STP/DMA
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DEPOSIT METHODS
Wire Transfer, Credit/Debit Card, Skrill, Neteller, Fasapay, bPay, Poli.
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Trading Instruments
Not Specified
DEPOSIT METHODS
Bank Wire, VISA, MasterCard, Doku, Local Bank Transfers, Skrill, UnionPay.
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DEPOSIT METHODS
Visa, MasterCard, Maestro, MasterCard SecureCode, Skrill, V Pay, Neteller.
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DEPOSIT METHODS
Wire Transfer, Neteller, Debit/Credit Card, Skrill.
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DEPOSIT METHODS
Visa, MasterCard, Maestro, MasterCard SecureCode, Skrill, V Pay, Neteller
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Trading Instruments
Not Specied
DEPOSIT METHODS
Visa, MasterCard, Maestro, MasterCard SecureCode, Skrill, V Pay, Neteller
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Trading Instruments
Not Specified
DEPOSIT METHODS
Bank Wire, VISA, MasterCard, Neteller, Skrill, SticPay.
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DEPOSIT METHODS
Bitcoin, FasaPay, Local Bank Deposits, Neteller, PerfectMoney, Skrill.
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Trading Instruments
Not Specified
DEPOSIT METHODS
Bank Wire, FasaPay, Local Bank Deposits, Local Bank Transfers, PerfectMoney.
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Trading Instruments
Lot of Trading Instruments
DEPOSIT METHODS
Bank Wire, VISA, MasterCard, Maestro, Neteller, Skrill
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Trading Instruments
Not Specified
DEPOSIT METHODS
Wire Transfer, Credit/Debit Card, Neteller, Skrill, Transferrapid, Trustly, Qiwi, WebMoney.
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Trading Instruments
Not Specified
DEPOSIT METHODS
Wire Transfer, Credit/Debit Card, Neteller, Skrill, Giropay, iDeal, Dankort.
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Trading Instruments
Not Specified
DEPOSIT METHODS
Wire Transfer, Credit/Debit Card, Neteller, Skrill, Giropay, iDeal, Dankort.
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Trading Instruments
Not Specified
DEPOSIT METHODS
Wire Transfer, Credit/Debit Card, Neteller, Skrill, Giropay, iDeal, Dankort, Nordea, Poli and More.
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Trading Instruments
Lot of Trading Instruments
DEPOSIT METHODS
Wire Transfer, Credit/Debit Card, Neteller, Skrill, Giropay, iDeal, Dankort, Nordea, Poli and More.
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DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, Skrill, Neteller.
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Trading Instruments
Not Specified
DEPOSIT METHODS
Bank Wire, VISA, MasterCard, CASHU, Maestro, Neteller, Qiwi, Skrill, WebMoney, Yandex Money.
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Trading Instruments
Not Specified
DEPOSIT METHODS
Wire Transfer.
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Trading Instruments
1000+
DEPOSIT METHODS
Wire Transfer, Credit/Debit Card, Doku, Skrill, UnionPay.
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Trading Instruments
Lot of Trading Instruments
DEPOSIT METHODS
Bank Wire, VISA, MasterCard, Neteller, Skrill, SticPay.
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Trading Instruments
Not Specified
DEPOSIT METHODS
Visa, Mastercard.
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DEPOSIT METHODS
Wire Transfer, Credit/Debit Card, Skrill, Neteller.
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Trading Instruments
Not Specified
DEPOSIT METHODS
Bank Wire, CoinGate, Neteller, Skrill, WebMoney.
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Trading Instruments
12,000+
DEPOSIT METHODS
Wire Transfer, Credit Card.
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Trading Instruments
Not Specified
DEPOSIT METHODS
Web Money, Yandex Money.
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DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, Skrill, Neteller, Fasa Pay, WebMoney, Bitcoin.
TYPE OF BROKERS
Market Maker/ECN
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Trading Instruments
Lot of Trading Instruments
DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, PerfectMoney, Skrill, WebMoney, QIWI, Neteller, FasaPay.
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Trading Instruments
Lot of Trading Instruments
DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, Skrill, Neteller, UnionPay, GiroPay, Sofort.
TYPE OF BROKERS
ECN /STP/Market Maker
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Trading Instruments
Not Specified
DEPOSIT METHODS
Wire Transfer, Credit/Debit Card, Neteller, Skrill, Airtel Money, Bonga, Eazzypay and More.
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Trading Instruments
Not Specified
DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, Skrill, Neteller, Advanced Cash, WebMoney, Perfect Money and More.
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DEPOSIT METHODS
Bank Wire, VISA, MasterCard, Alipay, FasaPay, Neteller, PayCo, Qiwi, Skrill, UnionPay.
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DEPOSIT METHODS
Wire Transfer, Credit/Debit Card, Neteller, Skrill, WebMoney, Fasapay.
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Trading Instruments
Not Specified
DEPOSIT METHODS
Plastic cards, Bank transfers, Electronic wallets (QIWI Wallet, Yandex Money), and More.
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DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, Skrill, Neteller, Cryptocurrency, Perfect Money, WebMoney and More.
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DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, Skrill, Neteller, Sofort.
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DEPOSIT METHODS
Wire Transfer, Credit Card, Neteller, Skrill, FasaPay, UnionPay.
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DEPOSIT METHODS
Wire Transfer, Credit Card, Neteller, UnionPay.
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DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, Skrill, SticPay, Neteller, PayCo, Triv, FasaPay, Perfect Money, Payeer and More.
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DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, ePayService, QIWI, WebMoney, Skrill, Neteller, Bitcoin, and More.
Bonus
No deposit bonus $2020
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DEPOSIT METHODS
Wire Transfer, Bitcoin.
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DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, Neteller, Skrill, Qiwi.
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DEPOSIT METHODS
Wire Transfer, Credit Card, UnionPay, WebMoney, Trustly, iDeal, Sofort, POLi, Giropay, Astropay and More.
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DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, UnionPay, Neteller, Skrill, Qiwi, Fasapay, Perfect Money, Cryptocurrency and More.
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DEPOSIT METHODS
Bank Wire, VISA, MasterCard, Bitcoin, Bitcoin Cash, Dogecoin (DOGE), ePayments, Ether/Ethereum and More.
Bonus
$30 No Deposit Bonus
TYPE OF BROKERS
MM | STP | ECN
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DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, Neteller, Skrill, Perfect Money, WebMoney, FasaPay, UnionPay, and More.
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DEPOSIT METHODS
Wire Transfer, Credit/Debit Card, Neteller, Skrill.
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DEPOSIT METHODS
Bank Wire, VISA, MasterCard, Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Neteller, Ripple, Skrill and More.
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DEPOSIT METHODS
Bank Wire, VISA, MasterCard, Neteller, Skrill, SticPay
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DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, Neteller, Skrill, Perfect Money, Bitcoin, Fasapay, WebMoney.
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Trading Instruments
Not Specified
DEPOSIT METHODS
Wire Transfer, Credit/Debit Card, Neteller, PayPal, Skrill, Trustly, Webmoney, 2C2P and More.
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DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, PerfectMoney, Skrill, WebMoney, QIWI, Neteller, FasaPay.
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Trading Instruments
Not Specified
DEPOSIT METHODS
Wire Transfer, Credit/Debit Card, Neteller, Skrill, WebMoney.
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Trading Instruments
Not Specified
DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, Fasa Pay, Jeton Wallet, Neteller, Skrill, and More.
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Trading Instruments
7000+
DEPOSIT METHODS
Bank Wire, VISA, MasterCard, Neteller, Skrill, UnionPay.
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Trading Instruments
Not Specified
DEPOSIT METHODS
They only accept bank wire transfers.
MIN. SPREAD
Form 1.7 pips
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DEPOSIT METHODS
Wire Transfer, Credit Card, Debit Card, Skrill, Local Bank Deposit, Neteller, Union Pay.
TYPE OF BROKERS
STP, ECN, DMA
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DEPOSIT METHODS
Bank Wire, VISA, MasterCard, Local Bank Transfers, Neteller, PerfectMoney and More.
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Trading Instruments
Not Specified
DEPOSIT METHODS
Bank Wire, VISA, MasterCard, BPAY, Poli, Skrill, UnionPay, XPAY.
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Trading Instruments
213 Tradable Assets
DEPOSIT METHODS
Bank Cards, WesternUnion, MoneyBookers, Bank Transfer.
TYPE OF BROKERS
Broker, MM, ECN
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Trading Instruments
2,200+
DEPOSIT METHODS
Credit Card, MoneyBookers, Webmoney, PayPal, Wire Transfer.
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DEPOSIT METHODS
Visa/Mastercard, Skrill, Neteller, Wire Transfer, Perfect Money, FasaPay and More.
Bonus
115% Deposit Bonus!
TYPE OF BROKERS
ECN/STP Broker
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DEPOSIT METHODS
Credit Cards, PayPal, Wire Transfer.
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DEPOSIT METHODS
Bank Wire, VISA, MasterCard, Dotpay, FasaPay, Monero, Neteller, SafeCharge, Skrill, UnionPa.
Bonus
Depend on Account Type
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Trading Instruments
Not Specified
DEPOSIT METHODS
Credit Card, Skrill, Wire Transfer.
TYPE OF BROKERS
Broker, ECN
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Trading Instruments
Not Specified
DEPOSIT METHODS
Bank Wire Transfer, Credit Cards.
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Trading Instruments
2,200+
DEPOSIT METHODS
Bank Wire, VISA, MasterCard, CASHU, Maestro, Neteller, Skrill.
TYPE OF BROKERS
ECN, Broker.
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Trading Instruments
9,000+
DEPOSIT METHODS
Bank Wire, VISA, MasterCard, Securities transfer.
TYPE OF BROKERS
Bank, ECN
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DEPOSIT METHODS
Wire transfer, Credit Cards, WebMoney, NETELLER, Skrill, PayWeb, Payza, Perfect Money and others.
TYPE OF BROKERS
NDD, STP, ECN
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Trading Instruments
1500+
DEPOSIT METHODS
Credit Card, Debit Card, Bank Transfer, e-Wallets.
TYPE OF BROKERS
STP | ECN | DMA
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DEPOSIT METHODS
Credit Cards, PayPal, Wire Transfer, Bitcoin.
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DEPOSIT METHODS
Credit Cards, Bank transfer.
TYPE OF BROKERS
Bank, ECN, STP, NDD
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DEPOSIT METHODS
Credit Cards, Bitcoin, Wire Transfer, SEPA Transfer, China Union Pay, Neteller, Scrill, Perfect Money.
TYPE OF BROKERS
Broker, ECN, STP
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DEPOSIT METHODS
Credit Cards, Wire Transfer, Skrill.
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Trading Instruments
1500+
DEPOSIT METHODS
Visa, MasterCard, Bank Transfer/SWIFT, Skrill, Neteller, Qiwi Wallet, UnionPay, Yandex Money, WebMoney.
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DEPOSIT METHODS
Credit card, Neteller, Webmoney, CashU, Fasapay, Scrill, Webmoney, Bitcoin.
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DEPOSIT METHODS
VISA, MasterCard, Wire Transfer, Webmoney, Perfect Money, Fasapay, Skrill, Neteller and others.
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DEPOSIT METHODS
Bank Wire, VISA, MasterCard, BCP, Boleto, Efecty, Moneta.ru,Neteller, Skrill, UnionPay and others.
TYPE OF BROKERS
ECN / STP
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DEPOSIT METHODS
Bank Wire, VISA, MasterCard, CASHU, Maestro, Neteller, Skrill.
TYPE OF BROKERS
Market Maker, ECN
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DEPOSIT METHODS
Bank Wire, VISA, MasterCard, Maestro, Ngan Luong, PayPal, Skrill, SOFORT
TYPE OF BROKERS
STP, Market Maker, DMA
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Trading Instruments
7000+
DEPOSIT METHODS
Bank Wire, VISA, MasterCard, Neteller, Skrill, UnionPay.
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DEPOSIT METHODS
Bank Wire, VISA, MasterCard, ePayments, FasaPay, Neteller, PaySec, Poli, Qiwi, Skrill, UnionPay, WebMoney.
Bonus
Depend on Account Type
TYPE OF BROKERS
ECN, STP, Market Maker
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Trading Instruments
4,500+
DEPOSIT METHODS
Bank Transfer, Visa, Mastercard
TYPE OF BROKERS
Market Maker
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DEPOSIT METHODS
Bank Transfer, VISA, Mastercard, Maestro, Skrill, Neteller, FasaPay and More.
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DEPOSIT METHODS
Bank Transfer, Visa, Mastercard, Skrill, Neteller, FasaPay, PayTM, Local banks
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DEPOSIT METHODS
Bank Transfer, Skrill, Neteller, Visa, Mastercard and more.
TYPE OF BROKERS
Market Maker
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DEPOSIT METHODS
Bank Wire, Bitcoin, ePayments, Local Bank Transfers, Neteller, Skrill, UnionPay.
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DEPOSIT METHODS
Wire Transfer, Credit Card, Skrill, Neteller, Fasapay, UnionPay, Qiwi, Sofort, PaySafeCard, SticPay, DotPay.
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Trading Instruments
1000+
DEPOSIT METHODS
Wire Transfer, Credit/Debit Cards, Skrill, Neteller, PayTrust, Perfect Money, NganLuong and More.
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DEPOSIT METHODS
Bank Transfer, Skrill, Neteller, Visa, Mastercard and more.
Bonus
20% deposits over $1,000
TYPE OF BROKERS
Market Maker
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Trading Instruments
Not Specified
DEPOSIT METHODS
Bank Wire, VISA, MasterCard, Neteller, Skrill, SticPay.
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DEPOSIT METHODS
Bank Transfer, Visa, Mastercard, Maestro and more.
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DEPOSIT METHODS
Bank Wire, VISA, MasterCard, BitPay, BPAY, FasaPay, Neteller, PayPal, Skrill.
TYPE OF BROKERS
ECN | STP
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Trading Instruments
10,000+
DEPOSIT METHODS
Visa, MasterCard, PayPal, bank/wire transfer, Neteller, Skrill, and More.
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Trading Instruments
3000+
DEPOSIT METHODS
Bank Wire, VISA, MasterCard, iBank&BankLink, iDEAL, Klarna, Neteller, Przelewy24, Skrill.
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What is an ECN Broker?
To understand the ECN broker, you must first know what ECN is. The acronym’s letters stand for Electronic Communications Network. The ECN broker is an expert in the financial markets who uses a network, to give you the clients, direct access to the other participants of the market.
The work of an ECN broker is to bring together the quotes from several of the participants in the market and give you tighter bid/ask spreads from the available options.
If you ask most people what they think about ECN forex, they will tell you that it is the future of the forex market. It is best described as a bridge that links the small participants of the market to the liquidity providers. That is how we get an ECN forex broker.
How Do They Link-Up?
To facilitate this linkage, we use a technology named FIX (Financial Information Exchange Protocol). From one end, the ECN forex broker gets the liquidity from the providers and the avails it to the rest of the traders/ clients signed up to the specific ECN broker.
On the other side of it, the ECN broker delivers the orders from the clients to the liquidity providers for the execution of trades.
The work of the ECN is to match and execute the requested orders that are filled automatically. We do this at the best prices available in the market at the time. One of the best things about the ECNs is that one can access the networks any time and they are most efficient ‘after hours’ when trading has cooled down.
That is a benefit of the ECN networks that changes everything when it comes to the traditional ways that the markets operate.
The Efficiency of ECNs
ECNs are known to be very efficient for traders who operate ‘Experts Advisors’ (EAs), especially for automated trading. The efficiency comes from the acceleration in the speed of execution. Some of these ECNs are configured to serve investors from institutions, and others are best suited to the retail investors.
Some of them combine all the features to cross both of the two sectors, making sure that the retail traders have an opportunity to enjoy the similar spreads and quotes that the institutions get. It seems like the ECNs are all about taking efficiency to the next level by levelling the playing field at the most fundamental level.
The Commissions Trading Model
When a broker makes money regardless of whether you make losses or not, your best interests may not be what they have at heart. At the beginning there, we mentioned that the ECN forex brokers do not take money from spreads but rely on commission.
This trading model is unique in that the ECN brokers will never trade against you as a client and that their spreads are much tighter than the ones you will get from standard brokers.
Every transaction has a transparency that is in the form of the commission that they charge. As part of this, trading with us is a massive part of the efficiency that you get from the ECN brokers. That level of efficiency means that at the end of the day, you end up paying lower fees and get the additional trading time that you might not enjoy when using a standard broker.
Using the Best ECN Forex Brokers ensures that you, as the client, can enjoy tighter bid/ask spreads because they gather price quotes from multiple market participants.
Slight Downside
As perfect as ECNs may seem, you must know that there are things we cannot fully control. As with any system, there is always something you will need to know about it that could be a potential downside. In ECN forex brokerage, the commission charged is fixed and is the profit we get for the service we provide.
We are indeed way cheaper and more transparent than the other options you have. The market makers earn by using larger bid/ask spreads and unfair prices. So, calculating the stops and targets can be challenging when you use an ECN broker.
We experience this because the price is always in motion as a result of all the variable spreads. There is a possibility that there could be slippage. It is even more likely when a session overlap. In that situation, clients and other factors, influence the price ticks at the same time.
Find the Best ECN Broker
As with any service provider on the internet, you will need to know where the best ECN brokers can be found. With that in mind, we come in at this point with the good news. It does not have to be a difficult process.
We have researched over several months and made a list of the top ECN brokers. We review them and give you the information, so you do not have to struggle with it.
All the facts and figures you need to pick the best ECN broker are here. We are not brokering ourselves and do not offer financial services. However, we do like to provide information for those who wish to trade.
We look at the following vital components when making the lists you will find on this website:
- We look at broad categorizations of client needs and which ECN broker would be perfect for them.
- We look at what the broker offers
- We find credible sources of reviews from clients using the services
- We test the brokers our personally
- We avoid bonuses and other offers that do not seem to align with the way ECNs work
We hope that as you go through the reviews on this website, you will find the information we offer here to be useful in all the right ways.