Top ECN Forex Brokers in the Global Markets
In our home page, we briefly talk about what the ECN brokers are and even refer you to our ECN brokers list. However, the process of finding the top ECN forex brokers is not an easy one. We are going to give some answers to common questions.
In your forex education, you may have come across terms like STP, DMA, Dealing and Non-Dealing Desk, Market Maker etc. The thing about these terms is that they might get confusing at times.
The definition we give ECN brokers is unique to just them. In finding the best way to describe ECNs, we must differentiate them from the rest. Over the years, the confusion about them has been persistent.
However, do not have any worries because we will tell you what you need to know about what terms apply where. We will also talk about how we made the top ECN brokers list.
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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No Dealing Desk Family
So, here is the long and short of it. The Electronic Communications Network (ECN) brokers, the Straight Through Processing (STP) and the Direct Market Access (DMA) brokers, can all be grouped under one family. We call them the No Dealing Desk (NDD) brokers.
They are the opposite of the market maker brokers (also known as dealing desk).
Because of the confusion that exists even with explanations, people tend to search for terms like ‘true ECN STP brokers.’ They do this to make sure that they find the Forex brokers who have their best interests at heart.
The main tent of Forex brokers is that they do not take money from spreads but get paid on commission. If you choose wrong, you could end up with someone pretending to be an ECN broker, and they might benefit from you making losses.
Being Careful In Choosing ECN Brokers
As with any brokers, we have an ECN brokers list that has all the good ones. The thing is that, when people are searching for the best ECN STP brokers, they are looking for the No Dealing Desk brokers. They do not know the difference between STP and ECN.
So, do not get the two confused. To recap this and make it clear, let us summarize how the ECN brokers work:
- They do not make profits from spreads
- They make profits from commissions
- They do make money if you lose
These are the three basic things that make ECN brokers so attractive to many traders. To make this even more precise, let us look at STPs and ECN brokers individually to learn what makes them so different.
Explaining The Differences of ECNs and STPs
STPs have many similarities with ECN brokers, but the difference between the two is routing. The STP can pick to deal with different liquidity providers that are outside of their liquidity pool. The ECN is more of a hub.
The hub here plays the role of a significant and sole liquidity source. It is represented by hedge funds, banks and all major players in the market. The network interconnects them to allow everyone to find the order they can handle internally.
The other difference we know is that with Forex brokers, you are capped at a 0.1 minimum lot size the reason for this is because few liquidity providers allow for less than 0.1 lots. This requirement might indeed be difficult for inexperienced traders who might need to trade with lower amounts of money.
However, a hybrid method exists that can allow you to trade even if you have little money. That is not why we are here, though.
Eliminating Untrue ECN Brokers
When you search for the ECN brokers on the internet, you will find a lot of them are not truly ECN. They could be hybrid or even STP. The thing is that you need to have a way to know for sure. That is the reason why we made an ECN brokers list.
Instead of chancing it on the internet and finding yourself holding the short end of a stick, look at the list.
The real ECN brokers do not make profits from the spread difference but charge just a clean and transparent commission. They make sure that their work is for you to win. The more you earn, the more the commission they make.
To discover the true ECN brokers for our list, we had to do several things that we will outline here below:
1. We Did Background Research and Credibility Checks
Credibility is a critical issue when it comes to finding someone that you can trust with the money you have. The first thing we check is licensing. The licenses allow the ECN brokers to make sure that you are not scammed.
We look at licenses from CFTC, CySEC, NFA, FSB, FCA UK, DFSA, ASIC and others that are popular and reliable. In general, the brokers have to possess one or more of the reputable licenses to show credibility.
Positive search traffic is excellent, and high trading volumes indicate that they can be trusted.
2. An Evaluation of the Payment Systems
The ECN traders invest a lot of money into their ventures. There is always a need to know that this money is safe and that you can access it with ease. The payment system is still a crucial point when we vet an ECN broker for our list.
We check the local payment system of the broker and then the minimum deposit and payment methods they prefer. These are the kind of details we use to make the Forex brokers list.
3. Customer Support Evaluation
Traders are usually working around the clock. Sometimes, you will find yourself in need of advice, help or wanting answers to pressing questions. Therefore, we make sure that the Forex brokers you get here are ones that can provide you with a high level of customer support.
Our Forex brokers list contains the brokers who have the best local offices, the best support reps and other added benefits that make their service worth the money you will pay for it.
Other things we look through before putting a name on our ECN brokers list include:
- Client agreements
- Reviews by verified users
As you will find out, you can hardly go wrong with the information we provide to you about the ECN brokers we work with.