Then it is high time you looked for an ECN broker. There are so many brokers traders and they all claim reliability. However, only very few of them offer ECN trading experience. In the remaining part of this write-up, we are going to enlighten you about some of the ECN brokers traders.

Top Online Brokers

Broker
Rating
Regulated
Bonus
Min. Deposit
Avg. Returns
1.
Deriv

ASIC

up to 100%

$100

70% - 90%

2.
Blackbull Markets

FSA

up to 100%

$200

70% - 95%

3.
Exness

CySEC

up to 100%

$150

90% - 100%

4.
Olympic Trade

FinaCom

up to 100%

$100

70% - 90%

5.
Markets.com

FSCA

up to 100%

$250

70% - 95%

6.
Quotex

IFMRRC

up to 100%

$10

90% - 100%

7.
Eagle FX

Global

up to 100%

$200

90% - 100%

8.
Etoro

EU, AU, USA,UK

up to 100%

$10

90% - 100%

9.
Legacyfx

VFSC

up to 100%

$250

90% - 100%

10.
Pocket Option

IFMRRC

up to 100%

$100

90% - 100%

What is ECN?

ECN stands for Electronic Communication Network. It is a very special technology that creates a connection between the liquidity provider and the traders in the Forex market. The technology, therefore, plays the role of a bridge. In conclusion, ECN is more or less a dealing desk bridge and has a straight-through processing execution, thereby enabling the execution in a direct connection between the two parties involved; that is, the trader and the liquidity provider.

Who is an ECN broker?

An ECN broker offers its trading platform for trading, with the trading platform acting as the meeting point so to say between the liquidity provider and the trader. The broker acts as the middleman to make the trading process scale through. The ECN broker matches the trading order requested by the trader automatically. The trading order can be to buy or sell a particular asset. The broker also does so at the best available market price based on the activities of market participants. The EUR/USD is the most popularly traded currency pair and the pip spread can be as low as 0 pip for traders benefiting from ECN.

Benefits of ECN trading

So, ECN trading allows the trader to enjoy highly competitive trading costs. In the same vein, the ECN technology leads to extended trading time for each trader. It is the perfect choice for those that prefer automated trading. You can use different types of strategies for ECN trading, irrespective of if you are an institutional trader or a retail trader. Thanks to ENC execution, there is a complete elimination of misunderstanding between the broker and the trader, which is usually the case in interbank connectivity. As a result of this, ECN trading confers transparency on the trading experience.

Some of the best ECN brokers around are highlighted below:

  • GO Markets: It is the best overall so far
  • FP Markets: Its spread is the lowest available
  • Exness: It is the best for MT4 ECN execution
  • XM: It is reliable for beginners in Forex trading
  • Pepperstone: It offers the best system for automated trading and scalping

Forex Trading with the Top ECN Brokers

In this section, you’ll find a curated collection of the Best ECN Brokers, broken down by type, all of which are regulated Forex Brokers offering competitive spreads and liquidity on ECN trading platforms with high levels of trust and transparency.

In other words, what exactly is the ECN fee?

Brokers that provide access to ECNs typically charge a flat commission per lot in exchange for trading access and advertise an interbank spread as low as 0 pips.

What exactly constitutes an ECN?

With the rise in popularity of ECN trading, more and more brokers are advertising that they are true ECN Forex brokers. But the only brokers who can be considered genuine ECNs are those who have a solid regulatory background and stringent legal responsibilities. For an ECN account, try Exness. Our research indicates that the SEC website is the only place to find information on the various types of brokers available.

Comparing an Electronic Communication Network Account to a Regular Account

The main distinction between a Standard Account and an ECN Account is the fee structure; Standard Accounts are no-commission accounts with either a fixed or variable spread basis. The ECN’s commission fee model divides its costs between the interbank spread (which begins at zero pips) and a charge per lot.

Financial Service Providers That Allow Customers From The United States To Use Their Electronic Communication Network Forex Trading Services
Traders from the US can only use Forex brokers that are CFTC or NFA regulated. Forex.com, IG, and ATC Brokers are just a few examples of the regulated ECN brokers available to US traders.