True ECN Brokers 2023
Many traders work with true ECN brokers for several reasons. So, what makes one a true ECN broker? There are several things to look at before we can provide you with an answer to this question. One thing to keep in mind on this ECN trading quest is that it is simple once you get the underlying concepts that make it work.
First, we are going to look at the following things to make sure that everything about true ECN brokers is understood:
- Who are ECN brokers?
- What are the advantages of using an ECN broker?
- How do you identify a True ECN Broker?
With these main issues out of the way, you will not have trouble finding out the best. At the end of this, we are going to list some of the leading brokers who will offer you access to the ECN network with ease. They are just a few of the ones you can trust.
For in-depth information, when you pick the broker to go with, look at our reviews and let the numbers confirm what we will be saying in the next few paragraphs.
At this point, if you ask anyone what the future of forex trading is going to be and they will tell you that ECN brokers are the future. These people would not be wrong in making this assumption. True ECN brokers are the future, and you have to find the true ones.
DEPOSIT METHODS
Debit, Credit and more.
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DEPOSIT METHODS
Wire Transfer, Credit Card and More.
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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
Bank Transfer, Skrill, Neteller, Visa
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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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Trading Instruments
3000+
DEPOSIT METHODS
Bank Wire, VISA, MasterCard, iBank&BankLink, iDEAL, Klarna, Neteller, Przelewy24, Skrill.
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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
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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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
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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The Return of The Market Makers
As we mentioned in one of our pages, a true ECN account is not cheap to get. When the market makers/dealing desk, brokers realized that this was the case, they decided to leverage it to their advantage and make more money.
So, what they do is, they offer ‘ECN’ broker accounts with reduced deposit requirements. We end up with ECN brokers offering accounts that require minimum deposits that can be anywhere between $50,000 and $100,000, and we have the 'ECN' brokers who have deposits as low as $500.
It is hard to compete there when someone requires you to have 100X more capital to open a true ECN account when you could pay $500 and get it done.
Many traders bought into this gimmick and are now in possession of cheap ECN accounts.
The question here is, are these accounts genuine?
Market makers are critical in providing liquidity, and when they saw that the future of forex was in having true ECN brokers, they decided to fight back in the most aggressive way possible. So, we have the pseudo-ECN brokers, and we have the true ECN brokers.
To make sure that you are placing your money in the right place will require you to know the differences.
The Characteristics of a True ECN Broker
Without wasting any more time, we will list all the things you need to know about the true ECN brokers;
- A true ECN broker only gets the price quotes for currency pairs, straight from the liquidity providers, and then sends them to you. They will provide you with several quotes in this direct-to-market access manner, and you will have to make a choice which trade you would like to make. The orders made on these quotes go back directly to the liquidity providers and are executed without any intervention from a dealing desk.
- With a true ECN broker, you will not have fixed spreads. It is impossible to get a zero spread when working with a true ECN broker. When you open the tick chart of the currency pair, you will be able to see the difference between the bid and ask prices. They will keep changing with each tick.
- Trading with a true ECN broker is based on volume. The minimum trading volume with a true ECN broker is usually 1 standard lot. If you find one that uses micro-lots, the chances are that they are a market maker and not a true ECN broker.
- Because traders need to come up with a large amount of capital to trade on ECN platforms, you will see that they have lower leverage than market makers. It is uncommon to see an ECN broker with a straight-to-market model that has a leverage of more than 1:100
When you are using a true ECN broker, you will generally get several price quotes that are different from each other. This is as a result of them being sourced from various liquidity providers.
What Do You Get from Working with a True ECN Broker?
These are some of the things that you will get to enjoy when you are using a true ECN broker:
Anonymity
With the rise of privacy-based transactions in blockchains, it is only natural that people would want to trade with complete anonymity. The degree of anonymity you will find here is higher than anywhere else in the forex market.
You can take advantage of a neutral price and the actual market conditions. Not only will you be able to enjoy no bias on unbiased estimates using your strategies or current market positions, but you will also be able to use several techniques like the effectiveness of tight spreads and the blazing speeds.
Reliability
You do not want to put your money in the hands of a dishonest broker. That is the reason why ECN brokers are more trustworthy. They use the latest tech to make sure that the execution is quick and without lags.
They will make sure that you have direct access to the interbank market to make sure that you have the actual market price. This kind of honesty and transparency is what you get for spending a lot of money on the commissions.
You will get precisely what you pay for.
Minimal Interference
Most people agree that this might the best advantage you can ever have when you are using a true ECN broker. You will find that they are knowledgeable, reliable, and trustworthy. You will be able to get a lot of flexibility and do whatever you please with your money.
Without a dealing desk, the ECN brokers can execute the orders without any interference. When you have that seamless and direct access to the liquidity providers, you can bet that everything will run well.