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MT4 ECN Forex brokers




Besides MT4 ECN, some Forex brokers may also offer regular non-ECN accounts.
To avoid mistakes, spend an extra minute to compare account types and conditions on brokers websites.

Your MT4 ECN account should have such conditions as: "ECN, Market execution, variable spreads, commission rate" and should never have such keywords as "Instant execution, fixed spreads, no commission"


Read more...


Broker discussion area

trader

July 3, 2010

Great site----BGuru!!!!
Thanks a lot (lot of lots so to say!)
Fantastic for biguinners!!!

BUT...
Impossible to copy very useful text
...It disappears...
If it is possible - please tell- how


BrokerGuru

July 2, 2010

I'm trying to figure it out.


trader

July 1, 2010

Hello BG,
The PronetFX website has been down.What 's going on with them? Thanks.


BrokerGuru

June 11, 2010

Hi Henry,

All ECN brokers should provide so called Level 2 trading, e.g. a detailed information about the liquidity providers and market participants with their current interests in buying/selling certain currencies though bid/ask quotes.

Level 2 trading is an another way to describe pure ECN trading technology.
On the ECN brokers page we've indicated "Level 2" for certain brokers in order to draw trades attention to the fact that not all accounts have ECN trading conditions, e.g. a broker also offers Dealing desk trading though smaller/other accounts.


Henry

June 11, 2010

Hello BG,

On the MT4 ECN broker list, only two (FXOpen and Masterforex, as listed on the list of ECN brokers) are level 2 brokers. Does that mean that the rest don't really offer all of the advantages of true MT4 ECN trading?

Henry


BrokerGuru

May 16, 2010

Yes, FXOpen offers ECN trading.


trader

May 15, 2010

fxopen true ecn ?


BrokerGuru

May 5, 2010

I haven't found any information about CMS UK's Metatrader4 platform being an ECN or at least STP.
I would appreciate any additional reference. Thank you.


trader

May 5, 2010

CMSFX also offers a STP-MT4 Platform that is pretty good.


trader

May 5, 2010

CMS recently added a link on their website to re-download MT4 because they have moved servers and no offer no dealing desk on their MT4. I have noticed an instant improvement in the execution since the recent change. CMS now has ECN MT4!


BrokerGuru

April 29, 2010

Broker-wise I would recommend finding a regulated broker with a low initial deposit (up to $250-$500) and 0.01 lot size. Mid-term EURUSD could be successfully traded with a market maker and an ECN or STP broker alike.


trader

April 29, 2010

Hi BrokerGuru,
What broker would you recommend for a beginner wanting to trade medium-term on EUR/USD? Any guidance would be greatly appreciated!
Thank you!


BrokerGuru

April 16, 2010

That's a great question, yet I don't know the answer. I can't confirm the exact methodology of order processing/deletion in the MT4<->Currenex bridge, not to mention there are several such bridges, including custom made ones that are being used by Forex brokers.


trader

April 15, 2010

Hi Broker Guru,

I like to use MT4 as my primary trading platform. It is now become popular among ECN brokers as well. But there was a difference between MT4 and other platforms such Java platform, Navigator, etc. Like DOM display! I can see largest volume traded which is the best opportunity to follow the market, bid/ask strength. What I like the most on non MT4 platform like Navigator is that your open orders will be deleted automatically in about 5 seconds. So that your open orders will not be shown to other traders and be manipulated by others (From my understanding). Am i right broker guru! Please do correction if i am wrong. So, my question here is. How about MT4? Will my open orders be deleted before it pass through ECN bridge platform (Currenex)?


trader

March 25, 2010

Hello friends i want to know abt .....etoro...... is it good one , and RetailFx these etoro and RetailFx plz tell me abt this send emai to me ( p.manikandaninfo()gmail.com )
Thank u all


BrokerGuru

March 24, 2010

MT4 platform allows either dealing desk based trading or at most STP.
While the trend nowadays is to use ECN technology, MT4 is not capable of supporting it.
There is another trading platform, which supports ECN - it's called Currenex.

Now, since many traders like MT4, brokers were looking for the ways to somehow give MT4 the ability to support ECN trading. The solution was found by connecting MT4 to Currenex platform via a bridge. That's how we've got MT4 ECN.

FXDD doesn't have MT4 ECN, only regular MT4, that's right.


trader

March 23, 2010

Hi BrokerGuru,

I am looking for an ECN broker however I am a bit confused with all the jargon.
It is essential i use Meta Trader as I run an EA however I'm not quite sure what this currenex connection thing is?

Also I see you ahve FXDD listed however I asked them and the said MetaTrader is only available for non ECN accounts?

Thanks


BrokerGuru

March 14, 2010

Oh, I thought you were talking about IB as an introducing broker, while you actually referred to IB - Interactive brokers company (their abbreviation confused me a couple of times already over the course).

Interactive Brokers are real ECN, however, as you said, they don't offer MT4 platform.

Consider the brokers we have listed in our MT4 ECN category.
They all have different conditions, but I haven't heard of any similar problems with the downtime for NZDUSD.

You can quickly compare them by using our Broker Comparison Tool
(Soon we'll be able to compare commission rates as well.)

P.S. I can't recommend brokers (it is against the website policy to give advantage and promote any of the brokers), but we can discuss facts and collect further data about various brokers


trader

March 14, 2010

Hi Brokerguru,
I forgot to mention that while I like IB, i don't like that they have a lot of "down" time for fx trading. For example NZD USD they have a 4 hr downtime everyday which i consider unacceptable. I'm looking for another ECN broker that supports MT4 instead (unfortunately IB doesn't).
Not sure who is good or has similar tight spreads.


BrokerGuru

March 14, 2010

Hi,

If you trade with IB and you like the dealing conditions there, I'd say there is no need to move unless you have a better option. Interactive Brokers is an ECN dealer.

Here you can learn about different types of brokers and advantages of each broker:
http://www.100forexbrokers.com/stp-ecn-brokers


trader

March 14, 2010

Hi BrokerGuru,

I currently trade FX on IB and I like their tight spreads... is this called ECN Broker as well?
Should I be looking for ECN Brokers or should I be looking for dealing desk?
What's the difference?

Thanks


BrokerGuru

March 10, 2010

Thanks a lot!
It's been updated.


trader

March 10, 2010

Hi BG

Dukascopy's retail account minimum deposit now down to USD1,000

Thank You!


BrokerGuru

March 7, 2010

Quote Swiss International Financial Services Co., Kuwait:

"We have 2 MT4:-
* Institutional ECN - Minimum to open account is US $7,500
* MT4 Retail - Minimum to open account is US $1,000"


BrokerGuru

March 1, 2010

Are you looking for educational videos for MT4 platform or for Currenex or any other platforms?


trader

February 25, 2010

TOTALLY UNDERSTANDABLE. HOWEVER DO YOU KNOW FOR A FACT WHICH ONES HAVE LEARNING SOFTWARE. I AM WITH PFGBEST RIGHT NOW BUT I DONT SEE ANY VIDEOS OR SUCH.
THANKS A LOT


BrokerGuru

February 23, 2010

Hi guys,

Thank you for your feedback.
It is against website policy to recommend brokers, I'm sorry. We give you the facts, so you can compare and make your own choice.


trader

February 23, 2010

I AM A NEWBIE, BUT I DEFINATELY KNOW THAT I AM GOING TO OPEN AN ACCOUNT WITH AN ECN MT4 BROKER, (BTW GREAT WEBSITE, VERY HELPFUL), WHAT BROKER WOULD MAKE MY LEARNING PROCESS EASIER AND LESS PAINFUL (ECONOMICALLY).

THANKS


paul

February 23, 2010

To whom it may concern, im interested in a no dealing desk stp and/ecn

which one do you recomend ....alpari uk or fx4u

thanks paul


BrokerGuru

February 11, 2010

Thank you!
The listing has been updated.

Regarding Broco, I don't have live experience with them.
They have 3 ECN platforms: Broco Investor, Strategy Runner and Currenex.
Broco Investor is the one connected to MT4, I'm not sure how good the spreads are there.


Divisa Capital Group

February 11, 2010

Divisa Capital Group announces the release of the Currenex MetaTrader4 Bridge providing connectivity between the popular MetaTrader4 (“MT4”) trading platform and the market leading Currenex trading system.

The Currenex MT4 Bridge facilitates the seamless integration of Currenex liquidity into MT4 and provides real-time hedging and execution through Currenex. You benefit from the superior liquidity and low latency execution that Currenex provides as well as the ability to specifically tailor your price feed using the Currenex Backoffice.

Benefits of the Currenex MT4 Bridge:

• Access to aggregated liquidity- With Currenex you can aggregate liquidity from multiple providers to continuously provide the best bid/offer into MT4.
• Real-time hedging of client flow on the award winning Currenex platform – MT4 trades are hedged in real-time as they occur, reducing risk from aggressive Expert Advisors.
• Fastest Execution – The award winning Currenex platform provides the fastest execution in the industry today. Combined with the extremely low latency Currenex bridge this provides the fastest execution from MT4 to your liquidity providers.
• Handling of partial fills – The Currenex MT4 bridge seamlessly handles partial fills for better execution, faster fills and less slippage.

Features

• Full control and customization of price feed into MT4.
• Full control of how and when trades are hedged, on a per client basis.
• Seamlessly handles ALL MT4 order types.
• Full logs of all bridge transactions and activity.
• Real time links into your back-office systems.
• 24 x 7 support.
• Support for MT5 when available.

For more information please visit www.mt4bridge.com


trader

February 11, 2010

Has anyone tried Broco ECN? They use broco Investor which is MT4 for the ECN. However, when i downloaded the demo, it seems that their spreads are much higher than normal ECN brokers. Take for example: EU was 1.5, GU above 2, GJ around 4....while, these are less than market maker brokers, but they certainly aint ECN spreads. Has anyone had a live experience with them?


BrokerGuru

February 8, 2010

Yes, FXCM UK has MT4 platform
http://www.fxcm.co.uk/metatrader.jsp

But it's not an ECN MT4, however, but rather an STP.


trader

February 7, 2010

I think FXCM do have MT4 platform


BrokerGuru

January 28, 2010

If you're looking at speed and fast execution, then it you'd be better off with ECN. The price in many cases is the same as with market maker: you get a lower spread, but with it have to pay commissions, it adds up equal, possibly a bit higher, depends on a broker of course.

Alpari UK doesn't accept US residents, that's correct.
I mean, after all, it is your choice to make, I would try FXDD either on MT4 or Currenex.


trader

January 24, 2010

brokerguru,

thank you for the reply: im not so sure that meta4 is so important to me. i will be setting up autotrading from a provider on zulu. so what IS critical is execution, timing, price. my objective is to let the automated system do the work and i intervene if necessary.

you mentioned ecn pricing: generally, aren't they higher?

alapari uk: they dont allow us residents, from my understanding

settling with any broker that i've named for an mt4: my choices with zulu are only the one's above.

thank you,


BrokerGuru

January 23, 2010

None of the mentioned brokers is MT4 ECN, apparently.

So, depends on what's more important to you (being able to trade on Metatrader4 or trade with ECN pricing), you can choose Currenex platform from FXDD or Alpari UK or settle with any broker you've named for an MT4. With the option 2 they key role would be spreads, margins and leverage to compare.


trader

January 22, 2010

broker guru,

thank you so much for this informative website: it's really amazing. anyhow, im a relative newbie. quick question: albeit a simple one. i would like to go with a mt4 ecn broker. im going to trade with a signal provider on zulutrade and they only offer: fxcm, alapri us, forex.com,fxdd,fx solutions, and ikon gm: none of these fit the mt4 ecn criteria.

any work around?

thank you,


BrokerGuru

January 17, 2010

Thanks a lot for the detailed comparison list!

I was able to fill the gaps: several MT4 ECN brokers were listed,
among not listed are:
Taurus Global Markets - their website is down since early November 2009, it was time to delete their listing entirely.
TheTradersGuide - they represent PFG when it comes to CUrrenex and MT4 is separate.
TradersVoicefx - has a terrible website, I don't think they are serious at all.

Plus ODL and FXDD were listed under stand alone platforms, since they have separate MT4 and ECN (Currenex) for trading.

@trader: SwissFXBroker.ch has been removed, thank you!

@Tommy: either they or you made a mistake: you can enter 0.1 x 10 and it'll be equal 1 lot, so may be you just didn't look at lot figures while executing a trade.
If a software says you will enter with 1 lot, you should be given an explanation whether it is a mini or a standard lot somewhere, otherwise it'll be broker's issue.


Tommy

January 16, 2010

hey bg
I downloaded mt4 from mb trading on demo.I was trading 1.0 lot,but when I made a trade it was counted as 0.1 lot.I ask them about it and they said I would have to trade ten 1.0 lots to actually trade 1.0 lot.Have you ever heard of anything like that before.
Tommy


trader

January 15, 2010

Could SwissFXBroker.ch be removed, please? Link no longer works, thank you.


trader

January 15, 2010

How about these brokers?

1) ATC brokers (institutional) - www.atcbrokers.com
2) FXCBS (institutional accounts) - www.fxcbs.com
3) FXDD (Power Trader Platform) - www.fxdd.com
4) NordMarkets – www.nordmarkets.com
5) PronetFX - www.pronetfx.com
5) Taurus Global Markets, Ltd (TGM) - www.tgmfx.com
7) The Traders Guide - www.thetradersguide.com
8) TradersvoiceFX - www.tradersvoicefx.com
9) ODL Prime - www.odlmarkets.com/partners/primebrokerage.php

The list was derived from comparing 100forexbrokers.com web-pages www.100forexbrokers.com/stp-ecn-brokers and www.100forexbrokers.com/mt4forexbrokers


BrokerGuru

January 15, 2010

Hi Olumide,
When a trading position, which runs without a stop loss, closes automatically, it means that your equity is dropped below the required margin and you have received a Margin call - in simple words, it is a liquidation of your trading position in order to prevent your account equity from dropping below $0 USD.


Olumide

January 15, 2010

Hi,i demoed on Dukascopy,s MT4 for like a week and made 2 observations.i noticed they charged both spread and commission,secondly i placed an order but did not specify any SL, but used a TP .the trade went against me to a certain point and closed automatically in loss.However the trade eventually return in the direction of my TP but the trade had been closed by dukascopy.pls,anybody with an explanation.Thanks. Olumide.


trader

January 13, 2010

1,000 is 0.01 so that would make a micro lot not mini i think, mini is 10,000 so it would be seen s
as 0.10 ( micro accounts ) or 0.1 ( mini accounts ).But anyway if it's true it's a good news that they accept now mini account on Dukascopy but for now i'll give a chance to broco investor as i'm sick of DD brokers bullshit :)


BrokerGuru

January 13, 2010

Awesome!
Thank you for the update!


trader

January 13, 2010

Hi BG

There's some update for Dukascopy, now traders can use mini lots from 0.001 equal to 1000 units of a primary currency amount.

Thank You!


trader

January 12, 2010

Hey, Egudu
there is some stuff to read from the reviews:
http://www.100forexbrokers.com/reviews-ratings/investtechfx


Egudu

January 11, 2010

hi,anybody with any experience with lnvestTechFX Foreign Exchange based in Canada, i think i like them but you never can really tell, so any one willing to give some info about them?
thanks.

Egudu.



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