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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

BrokerGuru

April 29, 2012

Dear Habib,
We don't provide reviews or recommendations for any broker. Our website policy requires that we remain fully unbiased. At the same time we strive to give you maximum facts, information about brokers and search tools, so that you can easily compare brokers, their trading conditions and make an educated choice. We also encourage that traders read broker reviews on our site as well as other review sites to make a better choice.


Habib

April 29, 2012

Dear Guru,

I am totally new in forex trading. But I have studied & practiced demo a lot. Now I am thinking about real trade. I am from Bangladesh. I want to trade with an ECN platform of a most reliable and honest broker with the depositing about 300-500$. The problem is I am confused to choose a broker.
So I need your kind help. Please suggest me.

Habib


trader

April 29, 2012

very helpful article, thank you very much for your effort


Illia

April 25, 2012

Dukascopy may be: http://www.dukascopy.com/swiss/english/forex/swfx/liquidity_business_model/
IB: http://individuals.interactivebrokers.com/en/p.php?f=tws&p=n&ib_entity=llc
Illia


trader

April 24, 2012

Can anyone please recommend a good ECN FX broker that offers a DOM (order ladder) with auto bracket exit orders similar to Infinity Future's software?
MT4 sucks for order entry & trade management, even with custom script add-ons.
Currently using Tradestation & MT4 for Forex charting; Tradestation has a decent Forex DOM, but htey are not an ECN & the exits are not auto brackets, but manual brackets.
Looking for stand-alone order DOM similar to Infinity's.
Have tries Demo's with MB trading, ATC, etc with no luck.

thanks.


trader

April 24, 2012

Good one..


trader

April 19, 2012

Good article.


BrokerGuru

April 15, 2012

Traders Trust is STP.


trader

April 15, 2012

What about Traderstrust


BrokerGuru

April 8, 2012

Armada Markets is an IB for LMAX. LMAX is a DMA/STP broker, but not ECN.
1pipfix is an STP broker, not ECN.


trader

April 7, 2012

what about 1pipfix?


trader

March 31, 2012

Why I can't find my broker www.ArmadaMarkets.com on this list? It has by far the best execution quality and lowest commissions/spreads I've seen anywhere.


BrokerGuru

March 27, 2012

@trader: Market makers can offer variable spreads too.

@Trader: E*Trade is a familiar company name. I think at some point they stopped offering Forex, so that we even removed their listing (but I might be very wrong). Thank you for the update!
(Just confirmed, yes, we had them listed back in 2009).

@trader: GFS Forex (http://www.gfsforex.com/) is out of business. Their site has been on maintenance for over a year now.


trader

March 27, 2012

comment to trader: My understanding is that GFS is a market maker (BEWARE!!!)


trader

March 27, 2012

E-trade has just opened up it's forex trading platform E-trade FX. As far as I know, it's orders are routed through FXCM which is a NDD ECN platform. Does anyone know anything else about them?


trader

March 26, 2012

Hi, can you tell me just one thing:
Is it possible that market maker broker offers variable spreads?
Fore example You wrote Oanda si MM, but they have variable spreads?

So is it possible thay I think some broker is NDD just because they offer variable spreads, but instead they are DD broker?


trader

March 21, 2012

I just saw that Universal FX released new ecn forex trading accounts and trading over Integrals FXInside!
https://www.universal-fx.com/ecn-trading/ecn-trading-accounts

They'r offer is really very good when i look at the average spreads at www.fxintel.com


BrokerGuru

March 19, 2012

Yes, NordFX offers ECN (for Integral and MT-ECN accounts).

MT-ECN accounts will use MetaTrader4 with ECN bridge.
Integral accounts will have a different platform - "Integral FX" (NFX Trades ), which is a high-end professional ECN platform.

If you have a choice & necessary skills, Integral platform would be the top choice.


trader

March 17, 2012

Can you say whether Nord fx is a real ECN broker.Which account is better Integral or ECN ,both of them are mentioned as ECN? Are there any cases of Nord Fx taking away the profits or deleting the account after earning significantly high profits in ECN accounts


BrokerGuru

March 16, 2012

Small orders of 0.01 lots would have to be accumulated into 0.1 lot at least before being sent to the liquidity providers. If a broker can't accumulate enough orders, they will need to countertrade it. That's major guidelines, but each broker works according to own guidelines and strategies.

ECN brokers rarely offer 0.01 lots (though competition nowadays forces them to review their policies and start accepting 0.01 lots). Those ECNs that do that should be very confident in their order flow. It's usually a bit more challenging for STPs to get the same volume of orders.

@trader: PaxForex added accounts called "VIP", but there is no distinct attributes of ECN conditions being offered there, rather some extra VIP client services.


trader

March 16, 2012

I think paxforex has ecn accounts


trader

March 14, 2012

will ECN network accept clients with 0.01 lot genuinely on its network or how does broker with mini lot were able to take 0.01 orders from its clients to ECN network?


BrokerGuru

March 13, 2012

ADS Securities offers institutional ECN for professional traders and institutions.
Quote from press release: "..streaming prices from some of the world’s leading liquidity providers including tier 1 Banks and Financial Institutions, Hedge Funds, Electronic Communications Networks (ECN’s), FX and Commodity Exchanges."


trader

March 13, 2012

its helpful. i have checked everyone single one of the above. none are any good spreads imho


MrJinks

March 12, 2012

Hello, BG.

Is the broker ADS Securities (http://www.ads-securities.ae) an ECN or a STP ?

Thanks in advance,
MrJinks.


BrokerGuru

March 7, 2012

Sorry, I don't have such information.


trader

March 5, 2012

which brokers having indian stock&commoditieslike nse&mcx


BrokerGuru

March 4, 2012

FxOpen offers ECN trading on accounts called "FXOpen Level II", deposits starting from $1000.
Other than that - FXOpen is a Market maker.

To decide whether any broker is right for you, please read reviews on our and other sites or discussion forums:
http://www.100forexbrokers.com/reviews-ratings/fxopen

Sorry, I can't suggest brokers here. Our website mission is to remain 100% unbiased.


trader

March 2, 2012

please is fxopen an ECN broker and how reliable do u think it is?


BrokerGuru

March 2, 2012

Dukascopy offers $100 in Europe:
http://www.dukascopy.com/europe/english/forex/FX-Interbank-Account/


RahmanSL

March 2, 2012

Hi BG,

I thought Dukascopy Bank SA All accounts minimum deposit is USD1,000?? It's listed on your site as USD100.

Best regards

RahmanSL


trader

February 17, 2012

Can you help me? I am from Nigeria, I just read this article and wish to trade with a pure ECN broker, which would you recommend for me?


BrokerGuru

February 15, 2012

"non Forex ECNs?"
- Do you mean ECN brokers that offer other trading products? On this site we list only Forex brokers.

IamFX is not MM or ECN. IamFX is a no-dealing desk broker - DMA/STP broker.


trader

February 15, 2012

what about Iamfx is it a ECN/STP or MM?


trader

February 10, 2012

Is there a list of non Forex ECN's?


trader

February 7, 2012

Thanks a million, no wonder I lost my money despite all effort to Fxcast
I think you have saved me.


BrokerGuru

February 7, 2012

Sorry, I don't know about brokers who offer mcx indian commodity.

Armada Markets (LMAX broker) - even though they've been operating since 2007 (according to their site information), I haven't heard of this company before, and they somehow have 0 reviews on the net despite being 4 full years in business. Sorry, don't have ay information to share, but going to create a Reviews page for them.


trader

February 7, 2012

How about Armada Markets?


trader

February 6, 2012

which broker give a mcx indian commodity


BrokerGuru

February 5, 2012

Thank you for the great feedback and broker questions summary! Well done!
I've also copied your post here: http://www.100forexbrokers.com/10tough-questions

(Regarding names, we let traders simply sign their posts below if they want to. Otherwise it comes as "trader").


trader

February 5, 2012

Beautiful website and beautiful mind of Mr Broker Guru, who started all this.

Please allow me one more.
Would like to insert my name by the way but i come up listed always as a "trader". Thanks

The listed STP MT4 Broker section, perhaps should have one more option ?
NOt trying to change anything here, but still got few doubts in my mind.
Among those who are STP using Mt4, we should really come to knwo who is completely STP and who does not act as STP for example Using tricks when playing with Micro Lots .

As i 've read that a STP could become a marker maker in certain conditions
But a DMA/STP should certainly behave like real DMA where all prices are sent to the liquidity providers. hmhm I think they behave like DMA with mini and normal lots 0.1 / 1.0, but , not with micro lots.
Some ECN /STP are certainly genuine when few main condition are met, but try to enquiry about Micro lot, and then the best question to ask will be : How many liquidity providers you have?
and also.. do you Have Different Micro price feed for Micro accounts ?

Take for example Fx Pro, they go to one extreme to another.
Even in the chat they will clearly tell you they they are ECN but dont have STP/DMA
so whether you take their ECN account or you are in the hands or the M.M./D.D.

But anyway Broker Guru has already kindly adviced us to check and do our homework, before opening an account.

Somehow now am not interested so much in asking them question about the Spread, the regulation, lot size traded, ...or candle closing time on a daily chart. GMt / Est ...

I have adjusted my main questions to :
(1) Not asking if they are regulated, but rather cheking myself how long they have been in business, and if they trade gold, silver and other metals, so it means they got a wide range of customers and its in their interest to be in business. "Reputation".
(2) Our money is safe and kept in segregated account ? almost all follow this procedure, regulated or not.
(3) How many liquidity providers do you have? and do you Have Different Micro price feed for Micro accounts ?
(4) Downloading straight away the platform to see myself what they got, and asking them, for example why the open price must differ 3/4 pips from the current price ? if any , but some brokers have only 1 or 2 pips, so should be fine.
(5) Of course after reading all reviews and having selected those who come from newbies like myself, will check what was the good ones about and what were the bad ones about.
(6) If i decide to go fo it, i will start always with Micro lots, at least i can see the "LIVE" platform how it works. Demo dont tell the all story.
(7) If the Min Depo is $5 or $25 .. that only means you need deposit at least $250, or in some cases start with $150 deposit. lots 0.01
(8) Slippage and Re-quotes, will always be there, so i dont ask about it, cos they wont tell you.Need to check for myself
(9) Will check about Margin call %% only for personal info
(10) Will not care about the leverage, cos if its 1:100 / 1:300 or even / 1:500 i will not risk more than i have decided to lose. I f i decide to risk 30 pips for that day at 30 dollars, then will calculate accordingly.
(11) Wil certainly ask about the withdrawals procedure, how much to pay for a bank wire transfer to my bank, and whats the minimum i can withdraw. I will not ask how many days, cos that is to check for myself. But will read some eviews about it.
(12) Last but not least, will not take any broker who has Platform freezing issues, or makes you appear those funny messages "sorry wait" when you are trying to close a big position.
(13) I will make sure i can close the position by tel, if i cannot close my order, whitin 20 sec.
(14) Will not ask if the Spread widens during the news, cos they all widen anyway, need check myself. Will rather ask however, if the snapshot sample spread advertised on their website, was taken during asian session? usa uk session ? and do you see that low spread often during the day?
(15) For ECN and their low spreads, or added mark up to the spread i will only check if the commission per round turn/Lot is less than $9 or $8/$7.

I think looking for a good broker, we need to experience for ourselves. Some questions need to be asked.

But most important for me , i will trade with my main Platform and 3 others different ones, to check for any fake spikes,or prices differing lot from the main platform live account. and be ready to go on the chat if this happens, to show records and get my money back if that happens.

have i missed something here ?


BrokerGuru

February 3, 2012

HotForex - ECN & DMA/STP.


trader

February 2, 2012

what about hotforex Where do they belong? STP, NDD, market maker


BrokerGuru

January 30, 2012

@trader: Sorry, we don't provide reviews/opinions or recommendations about Forex brokers. We must remain 100% unbiased. Our goal is to provide comprehensive information about each broker, so that traders can make own choice.

@trader: Sorry, we don't have information about Indian brokers.


trader

January 29, 2012

dear sirs ,
i need indian mcx mt4 plat form brokers


trader

January 29, 2012

hi there

i reed your art, and i had a look at the brokers list,
say im gona start an account with 50k

which is the best broker offer both STP + ECN in one account ?

cheers


trader

January 27, 2012

This first time i got a very helpful knowledge about Forex broker.No words for Thanks.God bless you.


BrokerGuru

January 26, 2012

@trader: FXPRIMUS or any other broker - I can't share thoughts about any brokers, I'm very sorry. Our policy is to be 100% unbiased, while any feedback is a bias. Please read reviews and talk to the broker to evaluate their level of professionalism and financial security.

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@Jordan: all MT4/ECN brokers must be on ECN/STP list. Is anyone missing? I'm going to check now (...2 found and edited. The rest matches). MT4/ECN bridge is a solution to be able to offer ECN on Metatrader4 platform. It must be ECN, otherwise, why make a bridge for a perfectly fine MT4?

Yes, we have brokers who offer $100 min deposit on ECN. Competition among brokers makes this possible.

You should carefully read the description for each account. Many brokers will have only 1 type of account (as a rule with a higher deposit requirement) for ECN, while the rest can be STP or even a dealing desk. If not sure - always ask your broker direct questions. Call them if needed.

FBS was wrongly listed among MT4/ECN. They should be in the DMA category.

Currenex is not the only bridge technology nowadays. Brokers are know to build own proprietary bridges as well as use other commercial software solutions.

$5 for an ECN account? The question is how you are going to open a trade + pay commission + do anything else? It's not doable, even $100 is too little for an ECN, yet seem to be working so far. Again, it's often the case that only 1 type of accounts is ECN, the rest are MM or STP.

when talking about ECN, micro and mini lots have to be accumulated into at least 0.1 lot before being sent to liquidity providers. It's done automatically, not manually.

MB trading account difference? I don't know, sorry. Quite possible that one uses Currenex bridge technology, while another - some other software solution.

FxPro - 2 types of accounts, yes.

Any broker will gladly accept your $1,000-1,500 deposit, but it doesn't mean you'll receive the best conditions etc. The trick is not how much you invest, but who you invest with.

As practice shows, the time you spend researching pays off in the end.

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@trader: MT4 platform is for STP or Dealing desk. In order to make it ECN compatible, a broker must use a bridge (software solution). MT4 bridged to ECN makes it MT4/ECN.

Besides MT4/ECN, there are many other ECN platforms, one of the well known ECN platforms is Currenex.
A broker can offer several account types, where each account will use a different trading platform, thus allowing a broker to be ECN/STP as well as Market maker for different accounts.

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1lotstp broker belongs to the family of brokers owned by FX Systems Ltd (http://fxsystems.com/)
It's unfortunate, that they are not regulated. In the Forex business dealing with a non-regulated broker naturally increases risks.


trader

January 24, 2012

Found out on the live chat that:
1LotStp
does not offer anymore the Standard account with min depo at 500 USD, now they raised it to 1,000.
This broker is not regulated, but it is only recognised by their local authorities. Can be a sign of something going on out there ?
Hate price changes and policy reviewing and re-viewing again.
A new company in the forex market as in any business will keep away customers, rather than attracting them if they keep on changing staff so often/

1LotStp Real ECN ?
can it be that a company does not have the depth of the m and still be level || ?


trader

January 22, 2012

I have read your answer to trader’s question
Please would need some clarification about this …

If MT4 doesn't have technical abilities to facilitate ECN trading
But many ECN brokers use own platforms, designed for ECN trading.
Those brokers who want to stay with MT4 are using ECN/STP bridge - a custom programmed solution/add-on to adapt MT4 to ECN requirements…

What about those brokers who are not MT4/ECN , but they are listed in the
“MT4 Brokers” and “ECN/STP Brokers” which category they fall in ?
How they can offer ECN account and still provide MT4 ?, or the opposite is also true, how can they Offer MT4 platform if no ECN bridge from their side Is possible ?
Sorry am I missing something here ?
Thank you



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