Home

ECN brokers list | ECN/STP Forex brokers




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


Read more...


Broker discussion area

BrokerGuru

June 19, 2009

Great stuff!
Thanks a lot!

BrokerGuru

June 19, 2009

I'm waiting for a reply from Real-Forex about their regulation status...

trader

June 19, 2009

Hi All,

I've search information from NFA's site, but nothing found about Real-Forex. They are unregulated broker (offshore brokerage), I will never put my money in this broker (although they claim as an ECN Broker)...Lol

Regards,

BrokerGuru

June 21, 2009

They are a French company and don't require NFA regulation.

Here is the official reply from Real-Forex:

"For the moment, Real-Forex is still not regulated, we have started the process with several regulations as we would like to operate in more and more countries as a regulated forex company. In the meantime, we are working under the supervision of our auditor for the monitoring of clients' funds."

trader

June 22, 2009

Hi Guru,,what about ducascopy,fastBrokersFX,NordMarkets and SFXB-SwissBroker??thanks


BrokerGuru

June 22, 2009

If you mean whether they are regulated, this information can be found on broker website usually at "About us" page or requested via customer support. In few weeks I'll be adding a powerful search tool, where traders will be able to find lots of info about Forex brokers.


trader

June 24, 2009

Hi BrokerGuru,

Here another one ;-)

ECN / Prime Brokerage :

ODL Prime => http://www.odlmarkets.com/partners/primebrokerage.php
GFT Prime => http://www.gftforex.com/software/gftprime/

=======================
ECN For High Volume Traders :

ICAP or EBS => http://www.icap.com/markets/foreign-exchange.aspx
vCap FX => http://www.vcapfx.com/

Regards,

BrokerGuru

June 28, 2009

Great stuff, thanks a lot!
I'll review an update the listing.

Jim

June 28, 2009

If TradersvoiceFX is a true ECN can a trailing stop be manipulated by human or electronic means?
Thank you,
Jim Dandy

BrokerGuru

June 28, 2009

No, it can't, by any means.
Besides, there is no point in it. ECN brokers are compensated through commission only, they don't care whether you lose or win. These brokers would rather see you win, because they want you to continue trading, or they won't earn any commission.

trader

June 30, 2009

Hi BrokerGuru,

Thks for a very informative site and for finding out about real-forex.com. The ODL Prime looks very interesting but I can't find anything on their site that says they are ECN ( I suppose that is only when you are using their Hotspox, Lava and Currenex platforms ) but what if you use their MT4 platform ? Surely that cannot be true ECN ?

Also, what is the difference between the normal GFT and GFT prime ? We all know that GFT is a market maker.

Thanks again.

BrokerGuru

June 30, 2009

Prime accounts as a rule require much larger deposits, over $10 000 or higher, and high volume trading. With ODL you'll get ECN trading on the platforms you've mentioned (Hotspox, Currenex etc) and the best execution and spreads the broker can offer.
On normal ODL and with MT4 you'll be trading with an ODL-market maker.

With GFT you'll be trading on their native DealBook 360 platform, just with the difference that for high volume traders they have prime conditions, where orders are passed directly to the Interbank, instead of being serviced at the dealing desk.

Account size and trading volume requirements often change, so I'd suggest contacting brokers to learn about their current minimum requirements.



Write your comment or a review!