ECN brokers list | ECN/STP Forex brokers

452 comments

ECN Forex Brokers

(No Dealing Desk + STP + ECN)

ADM Derivatives Inc
Alpari UK
ATC Brokers (institutional)
ATG Marketplex
Broco (Broco Investor and Strategy Runner platforms)

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452 comments

Broker discussion area


trader March 20, 2009

Does anyone have any experience with Saxo Bank? Do they have a dealing desk or are they ECN?


Lin Ronald March 20, 2009

What about PFGBest desk??

Thanks,

Lin Ronald

El Salvador.


BrokerGuru March 20, 2009

Hi Lin,

Here is what PFGBest said:
"We have a dealing desk, but we are not a market maker or a dealer. The dealing desk is only in case of emergencies or for those who prefer to trade at a desk rather than utilizing online trading. We do not take pips from people's trades or take the other side of the trade. The feed is directly to the interbank market where it is offset by prime banks like Goldman Sachs and JP Morgan."

I've added them to ECN brokers already. Thank you.
They offer several non-dealing desk, ECN model platforms:

Best Direct 8
FX Platinum Spot and Options
Currenex
MT4
Ninja Trader
Navigator
ProTrader


David March 21, 2009

Hi All the respected and experienced players/borkers out there,

I have been searching for a broker to open an trading account. However, every company that is found in the internet had been critisized somewhere somehow. I really run out of idea and do not know who to trust.

My request is just to look for a broker company who are

1. Regulated
2. NDD/ECN/STP
3. Low spread
4. Min deposit
5. Min lot (trade size)

Appreciate if the gurus can give me a good piece of advise.

Thanks
David


BrokerGuru March 25, 2009

Hi David,

Please find my reply at:
http://www.100forexbrokers.com/how-to-choose-forex-broker


trader March 21, 2009

This is really remarkable, an eye-opener, an educationist, a public service with a sense of responsibility to bring awareness about forex trading in true sense. Thank you very much for this enormous help. God bless you !!


trader March 21, 2009

how about IG Markets? Do they offer ECN ?


BrokerGuru March 26, 2009

IG Market and Saxo Bank

don't say anything on their websites about No Dealing Desk trading. So, I assume they are market makers. However, I never publish results without confirming them with a broker.

Update: both brokers are market makers. IG Markets has ECN for high volume traders.


Ivo March 31, 2009

Hi BrokerGuru,
amazing job on this site.

All the best and thanks for this great information.

Kind regards from Austria
Ivo


BrokerGuru April 2, 2009

Thank you, Ivo!

I'm working on bringing even more new useful information about Forex brokers; I'd be happy if this information could help traders search for new brokers with confidence.


trader April 3, 2009

Alpari claims that he is a NDD broker


trader April 5, 2009

Hi Guru,

Latitude Fx (in New Zealand) claims to be a STP/ECN, but does not charge commission for trades. Instead, they have a variable spread. You list them as an STP, but in your comments above you suggest that to be an ECN/STP a broker has to charge a commission. Could you please clarify? Thanks!

Forex broker choice: