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ECN brokers list | ECN/STP Forex brokers




ECN Forex Brokers
(No Dealing Desk + STP + DMA + ECN)

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

trader

October 29, 2012

Found new broker company called Goldboro (http://goldboro.com)
commission 6$ per round lot
min 0.01 with step 0.01
EA's allowed
MAM(PAMM), Partner rebate.
Good experience for me.


trader

October 18, 2012

There´s a new broker in Germany called QTrade-FX (www.qtrade-fx.de). Commissions is 2,90 per side and they have deep liquidity from LCG. Maybe for your list.


BrokerGuru

October 16, 2012

@trader: don't see nothing wrong with Alpari rules: this can be considered a promotion, but eventually with any ECN you need to pay commission.

@shankar: CitiFX Pro is primarily a market maker. They do offer ECN accounts called "Premium accounts", but the minimum deposit there is $50,000


shankar

October 15, 2012

Hello Broker guru, this is shankar i just wanted to know about citifx pro,is it a market maker


trader

October 12, 2012

Hello Brokerguru, thanks for all the help but on Alpari UK website, you can open an ECN account with $200 and they don't charge commission till January 2013. can I be safe going on this development against the $20000 you said?
You can check it out on http://www.alpari.co.uk/en/trading-accounts/ecn.html


BrokerGuru

September 28, 2012

@George: Like all websites, we feature broker Reviews, but we can't comment on or recommend any particular broker. I'm very sorry.
Our goal is to remain fully unbiased.

@trader: X-Trade Brokers (XTB) is a market maker.


trader

September 28, 2012

xtb broker is ECN or not


George

September 28, 2012

Hi BrokerGuru,

I had positive experience with broker company "Teletrade". Unfortunatelly I did not find so much information about them, only just their website.
Do you have any information about them ?
Your efforts would be welcomed,

Best Regards

George


BrokerGuru

September 27, 2012

Updated. Thank you.


trader

September 18, 2012

4runnerforex ECN accounts $2500 $6.00

Please update listing, it is $4.00 round trip


trader

September 15, 2012

NICE ONE THANKS FOR THE EXPLANATION


trader

September 5, 2012

Please read reviews - the only possible way to find out if it's good or not.


trader

September 5, 2012

i want to know about Alpari UK ECN acnt is it good?


trader

August 15, 2012

FXCC is a mandatory ECN/STP broker:
email me at: [email protected]


trader

August 8, 2012

Thanks alot, ECN brokers for live.


trader

August 4, 2012

I have got a few broker account with however I keep going back to my IC Markets True ECN account. I simply cant find a broker that has a better EUR/USD spread than IC Markets, their spread is often 0 pips and average 0.1 pip. Execution speeds average 130 m/s from my machine in Australia to their servers in New York NY4.

I dont trade much on any of my other broker accounts anymore, IC Markets is my Number 1 choice at the moment.


trader

August 3, 2012

this is really helping me to as a new comer to forex


trader

July 27, 2012

I don't know where you heard IBFX is crooked but it isn't true. You can't alywas believe what people say about brokers. Most of the time traders get mad because they lose all their money and right away want to blame the broker. Other times it is a brokers competition that is posting bad reviews. I can tell you that IBFX is one of the best brokers around! They also don't have high pip spreads. They are an ECN broker and among the best. FXCM is also great. There is another broker fund below that is great too and they offer pip spreads from 2 pips and open accounts worldwide. Everything is allowed with them too like scalping.


BrokerGuru

July 19, 2012

With $600 deposit you should certainly opt for a higher leverage, 400:1 or more.
This will ensure that you have sufficient funds to trade.

Yet, you should remember to start with 0.01 lot, because any higher lots (0.1 lot or 1 lot) can quickly put you out of trading should you start losing.
While trading with 0.01 lots, you can easily open 2-3 positions without worries.
As soon as your capital grows to at lest $1000, you can attempt trading with 0.1 lots, but you'll quickly notice the difference in risks. Good Luck!

InstaForex had that ECN page for some years now, true, yet they don't have accounts with ECN conditions:
- InstaForex offers only instant execution, while ECN requires Market execution of orders;
- InstaForex changes no commission on trading, while ECN brokers do.


trader

July 17, 2012

Instaforex are also claiming that they are ECN brokers. check the link.
http://instaforex.com/ecn-broker.php


trader

July 17, 2012

What leverage I should trade with amount of $600 , I have opened an ZuluTrading account .. so I am confused about the leverage with my initial deposit of $600 ?

Also , please let me know how much simultaneous trades I should open ?


BrokerGuru

July 16, 2012

4XP has ECN accounts as well as dealing desk accounts. Depending on which service/account you choose when signing up, you'll have either ECN or DD (dealing desk).

Regarding ZuluTrade signals integration - there should be no difference whether you use ECN or DD accounts, yet it's always best to double check with the broker.

The difference between ECN and STP is very well described here:
http://www.100forexbrokers.com/stp-ecn-brokers

It's not a problem at all if your broker is STP only, though in this case you must check if there is enough liquidity with your broker (e.g. how many liquidity providers it has), so that you don't run into order execution troubles in the future.

We don't rate brokers, and we're not allowed to recommend any particular broker, I'm very sorry.
You're welcome to read reviews about AAAFx, as well as check STP page listing for this broker:
http://www.100forexbrokers.com/stp-brokers


trader

July 16, 2012

What is the difference between ECN and STP brokers...are both STP and ECN same ?
I am planning to open account with AAAfx .. this is a STP broker ..so does it matter if the broker is only STP ?

Which broker should we prefer STP or ECN ? also give some reviews about AAAfx ...

Thanks,


trader

July 14, 2012

Hello,

Is 4XP a 100% ECN broker.. as I am planning to open an ECN based account with 4XP with initial margin as $500.. would I get the complete ECN services ..or it can sometimes be Dealing Desk based also ?

Apart from that I wish to open an Automated Trading Account ( ZuluTrade) with 4XP... would this ZuluTrading based account also be an ECN based account or this involves DD ?

Please , Reply..


BrokerGuru

July 3, 2012

Interactive Brokers - pure ECN/STP, no other accounts.


trader

July 3, 2012

Is Interactive Brokers a DMA/STP? or just ECN? (meaning that Liquid Providers from Interactive Brokers can see the stop loss and target profit?
Thanks


trader

July 2, 2012

What abouot Interactive Brokers, are they NDD STP/ECN brokers?


BrokerGuru

June 29, 2012

Deutsche Bank FX doesn't work with retail clients since May 13, 2011. All retail clients were transferred to Gain Capital.

GainScope is an introducing broker for FXDD, who is primarily a market maker. (FXDD has ECN accounts, which start from $25,000).

IG Markets UK offerx ECN accounts with minimum deposit of $50,000, and yes, scalping is allowed.
For the rest of accounts it's a dealing desk.


trader

June 29, 2012

is ig markets uk ecn? and do they welcome scalping?


trader

June 29, 2012

whether classified GainScope ECN?


trader

June 28, 2012

deutscheFX - 1.000 USD Commission 9 USD Spread 0.3 - 0.5


BrokerGuru

June 19, 2012

Yes, they offer ECN. Thank you!
Will be listed.


trader

June 19, 2012

I'm trading with AzenFx.com looks like a STP/ECN broker


BrokerGuru

June 18, 2012

Here you go: Forex brokers offering USD/INR
Among them there are several brokers who offer ECN accounts along with other accounts. For details on that please use our comparison search:
Forex brokers comparison


trader

June 12, 2012

hi Broker guru,
Thanks for the information on your website. Iam looking for ECN/STP broker that deals with USDINR pair.
ty


trader

June 12, 2012

i closed my account with forex.com aka gain capital, after i read all this info thanks a lot


BrokerGuru

June 9, 2012

Hi Charly,

FXCM Micro (www.forexmicrolot.com) is a division of FXCM.
Basically, if you want to trade with a Micro account ($50), FXCM will send you to FXCM Micro. That's the only difference. Yes, FXCM & FXCM Micro is NDD.

ECN accounts with FXCM start from $25,000. Smaller accounts are not ECN, but rather NDD, STP only.

Dukascopy $100 account is ECN. All accounts at Dukascopy are ECN. On demo you may not see commissions, because commission rates will be calculated based on your actual trading volume when you start trading live.


Charly

June 9, 2012

Hi Broker Guru,
I am new to forex and had just register with FXCM micro. As per your list of 100 brokers, FXCM and FXCM microlot is not listed as ECN/STP. It make trying to search for ecn/stp. I am looking at Dukascopy (min deposit 100). Are they ECN brokers? Because when I use their demo, they do not charge commission. One more thing to clarify is FXCM micro, is now NO DEALING DESK. Is it true? Appreciate your reply.

Thank you

Regards
Charly(cy)


trader

June 4, 2012

I see. Thanks for your review on HotForex. I opened account with them and will test them. I also didn't find any red flags yet.... Will keep you guys posted.


BrokerGuru

June 3, 2012

HotForex took a very fast start in 2008. (In my sole opinion, their name choice was very successful & played its role: around that time HotSpotFX - a well known ECN broker stopped working with retail clients and switched to institutional). The broker doesn't have any red flags, a competitive off-shore broker.

IC Markets - no bad reviews about them - a competitive Australian broker.

ECN brokers won't have identical spreads. The quotes are derived from the large ECN liquidity pools, where action (bid/ask price matching between market participants) happens very fast (in a matter of milliseconds), bids and their volumes constantly change depending on the demand. There are also several largest liquidity pools to choose from, brokers can choose to work with several or just 1-2 pools:
Currenex
Integral
HotSpot FXi
FXall
ICAP
Solid FX


trader

June 3, 2012

Dear Guru,

I would like to ask you why is it that the prices among various ecn brokers are different,in some cases more that 5-10 pips???
Since they are all ecn souldnt the prices be the same or at least very close...???

Thank you and congratulations for the excellent work you do!


trader

June 2, 2012

Hi everyone,

Does any of you guys have had any experience with IC Markets? The reviews overall seem great...
Also I would like to know if they are true ecn.....??

Thanks for the help and congrats for the great work u all do
to keep everyone properly informed!


trader

May 27, 2012

Hi guys, I want to get your opinion on hotforex. http://www.hotforex.com/

Did anybody trade with them? After researching their website how does it look to you? Were there any redflags? I want to start with them but didn't hear whole lot about them so don't know whether to trust...


BrokerGuru

May 15, 2012

@trader: Does it apply to CitiFX Pro Premium accounts?
Client agreement should have information about the conflict of interests. If the conflict is present - then we're talking about a dealing desk. Either way, a broker must clairfy any confusing/questionable points of the agreement - talk to a representative.

@Pratharp: you should consider a legal advice & appropriate actions.


trader

May 15, 2012

Prathap, it's up to you, but think of it as a bank: you placed there your money and the bank stopped providing you services. What would you normally do? Waiting won't help, especially if you say that they avoid talking to you.


trader

May 12, 2012

Hi there, I'm not quite sure citiprofx qualifies as ECN. In the Account opening document, it states clearly that when you buy, citi is the seller and when you sell, citi is the buyer. Seems to me, they are more of an Institutional Market Maker.


Prathap

May 10, 2012

Just wanted to check if anyone has heard about Yesscom. I joined this at Bangalore by paying Rs 50,000 in Jan and until now I have not received a proper document from them. The broker/manager seems to avoid taking my calls. Should I consider a legal recourse?

-Prathap


BrokerGuru

May 9, 2012

Thank you!
3TG FX - 1 pip commission per leg:
if we trade 100K EURUSD round turn with 0.7 pip "rough" spread, this equals to $14 in commission ($7 per leg x 2).


trader

May 7, 2012

3TGFX has only 1PIP comission


trader

May 2, 2012

Forex not public? why G.V.F still need to log in? can't see company's detail? scam?



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