ECN brokers list | ECN/STP Forex brokers

891 comments

ECN Forex Brokers

(No Dealing Desk + STP + ECN)

*To be able to compare commission rates, we list them all as "Commission per round turn (100K)",

But there are different ways of listing commission rates:

Example: $6.00 per round turn lot (100k) = $3.00 per side (100k) or $3.00 per 100K USD traded = $30.00 per million USD traded or $60.00 per million USD traded round turn = 0.006% of the trade

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891 comments

Broker discussion area


trader May 29, 2009

Hi BrokerGuru,

Do you know FXCM ActiveTrader ?
It looks like an ECN, but i'm still doubt it. What do you think, is it just another gimmick like interbankfx?

here the link = http://www.fxcm.com/active-trader.jsp

Thanks for your efforts,


BrokerGuru May 29, 2009

FXCM£14: Welcome to FXCM's Live Chat Feature. How may I help you?

BG: Is ActiveTrader an ECN platform? thank you.

BG: I mean true ECN

FXCM£14: We offer straight through processing

FXCM£14: to be a true ECN clients would need to be able to provide liquidity to each other which is not avaliable on the Activer trader platform yet.

BG: thank you, I appreciate it.

LiteForex is an STP.


trader June 2, 2009

found a new congnotec platofrm ecn call Real Stream Trading www.real-forex.com


BrokerGuru June 2, 2009

Thank you. I'll have a look.
Update: Real-Forex is an STP probably, I'll look further.


trader June 11, 2009

Dear Guru
On some Forex Brokerage website, i read about Level 2 or Level 1 software usage by forex broker! will you clarify,what does it mean please?

Thank you.


BrokerGuru June 11, 2009

Level 1 is a regular dealing desk.
Level 2 is a professional non dealing desk, where you can see the liquidity and depth of the market.


trader June 11, 2009

Very good page! But i m missing a review section only for ECN/STP mt4 brokers. I know, its still an exotic species, but the only ones i m interested. Thanks


BrokerGuru June 11, 2009

May be if you go to MT4 brokers page, there you'll see "broker type" in front of every MT4 listing. I think this should work for you.


trader June 12, 2009

OK got it. thx.
FYI: Go Market AUS switched recently to ECN data feed


BrokerGuru June 12, 2009

Go Markets broker is an STP. Thank you.


trader June 15, 2009

Hi,

Do you know if Real-Forex ( Finocorp ) is regulated at all ? Any traders using them and what are their rollover rates like ? Thanks in advance.


trader June 18, 2009

Hi BrokerGuru,

Here are STP Brokers for high volume traders :

1. BARX (Barclays Capital) ==>http://www.barx.com/fx/index.html
2. Autobahn FX (Deutsche Bank AG) ==> http://www.autobahnfx.com

regards,

Forex brokers choice: