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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

Jordan

January 22, 2012

Broker Guru please shed some light on this .

Some Brokers are listed as MT4/ECN and I find them Under the "MT4 Brokers" Search list
However I cannot find them on the "ECN/STP Brokers" search List.
Does it mean that the same broker offering MT4/ECN Bridge, will not be acting as ECN, but only as STP.
or worse as a dealing desk with another type of account ?

When it says, ECN offered on all Accounts, and the the Broker offers accounts with min deposit $100
is it real ECN ?

Brokers offering accounts of: min.depo $200 0r $400 or $500 and separate ECN account $1,500 / $2,000 .
Will they play as a DD Market Mkr or a kind of STP, on the $100/200/400 ,,,,and the Account of $1,500/$2,000 as Real ECN ?

Some Broker Like "FBS" can offer MT4/ECN account, but when separating the MT4 bridge, they will
be able to offer at the most DMA/STP

Some Brokers Like "FIBO Group" are MT4/ECN, but can we assume is it Currenex ? Or we need to check it ?
they let you open an account for $300 can offer separate MT4 and ECN with different options.
And ECN is $1,000 .
My understading is that even if broker show itself as ECN, non stop hunter, market depth, currenex and so on..… he can still offer some lower accounts and behave as Market Maker DD ?

And how do we know that the Broker who says, "ECN available on ALL Account" is really doing so ?
I am talking about those ridiculous accounts Starting from $5. Asking question online to the operator its also not worth, coz many of them have got few links and ready made answers to send to teh asking clients.

As far as am aware micro lots and mini lots wont clear, wont ever reach the liquidity provider, please
correct me if am mistaken, just learning here, or they will need to be put togetehr with other small lots .
But of course it takes time to do it, unless the broker has quite few employees dedicated to this.
But big Lots of course will be send to the Bank immediately.

MB Trading offers Currenex MT4/ECN and Separate Stand alone MT4 with ECN account ?
whats is the difference please ? Better spread ? Really could not see on their website.

Fxpro is another Double Broker who is a Market Maker and Ecn with Market Depth - Level 2
pay $500 and he will not like it, therefore will act as a market Maker, however pay $1,000 and he gives you a nice ECN.

Really trying to understand here.. Where is the trick to get a nice Broker / is it to make at least Min Deposit
of 1,000 / $1,500 ?

After trading for 4 months, thanks to your website, am learning what are the right conditions for me to trade forex.
ECN / MT4-Ea / Regulated (possibly not port's regulation) / Scalping Allowed / Min Acct open $500-1,000 / Spreads Variable 0.5-1.5 Eur/Usd / Some slippage -Re-quotes is acceptable / Leverage i dont mind / Withdrawals $15usd or Free.

Was thinking of Mb trading or 1 Lot STP, however MB trading charges 30usd for a withdrawal inter. and 1lot stp, does not have experienced operators to answer the questions.The same operators have to deal with all enquiries from lot stp / 4runnerforex / divisa capital and / 2 pip fix ...

Thanks a lot
Jordan


trader

January 20, 2012

Hi BrokerGuru,

What are your thoughts on FXPRIMUS? I have heard they have a very strong reputation and are expanding in emerging markets in Asia and Africa.


BrokerGuru

January 18, 2012

Hi Peter,
Trading Point - DMA/STP, NDD.


Peter

January 18, 2012

Kindly let me know whether Trading Point &Financial Instruments Ltd forex brokers are ECN, ECN/STP or just market makers. Thanks. Peter.


BrokerGuru

January 5, 2012

Hi everyone, hope you have great Holidays!

Now the answers:
Ava FX is a market maker.
eToro is STP.
Marketiva is a market maker.
World Pro Fx - is ECN/STP & Market Maker (depending on the account).
Dukascopy - $100 minimum: http://www.dukascopy.com/europe/english/forex/forex_trading_accounts/
FXGM is an STP broker. FXGM (Forex Global Market) and FXCM (Forex Capital Markets) are different brokers.


trader

January 5, 2012

Please can you help me clarify FXGM methodology of operation what type of broker are they and when were they established when I search I mostly stagger on FXCM clarify to whether they FXGM and FCXM are different Please help me understand.


trader

January 4, 2012

Dukascopy Bank minimum deposit, 100$, are you kidding?


trader

January 3, 2012

WorldProFX
ECN/MM ?


trader

January 3, 2012

how about marketiva is this a dealing desk ?


trader

January 1, 2012

what is etoro? can somebody guide me?


trader

December 29, 2011

http://www.avafx.com/


BrokerGuru

December 28, 2011

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 giudelines, 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.

All ECNs have very competitive spreads, about 10-15 ECNs allow minimum deposits below $500: you can quickly filter the table on this page by the "Min deposit": http://www.100forexbrokers.com/stp-ecn-brokers

You will pay ECN commission as you trade, proportional to your trading order sizes.
$6 per 100K round turn is simply a standard way to compare commission costs for different brokers.


trader

December 28, 2011

HI do STP Brokers counter trade their clients only when the client has a Mini Account, trading with Mini Lots 0.1 ,,,, ?
ECN would not do taht right ?
I am aware that you cannot give any advice or reccomend any of the 100 listed Brokers, but i would like just to ask if tehre are some ECN brokers with Low Spread and Min Account start between 250-500 Usd . And if so, does the Min account be kept always above the 250/500 Usd, or can also go below that amount ?
How does the Ecn commission work ? i read we pay $6 Usd per round turn lot (100k). Lets say taht i start trading with only one mini lot of 0,1 = 1 Pip - 1 Dollar.. will they charge me the commission when i reach the 100,00 total , or get their percentage ?
Thanks a lot for help


BrokerGuru

December 26, 2011

Yes, all 3 brokers are well known, reputable & properly regulated.

FX Solutions UK is a market maker.
CMC Markets UK is a market maker.
Varengold Bank FX is an STP.

@trader from Malaysia: I wouldn't take the business of trading lightly. If you're planning to become a serious investor, you should explore and learn about the market and its participants (brokers) as much as you can to be able to make firm decisions and know how to compare brokers instantly, and not just rely on someone's advice.

@trader: exness.com - Market maker
fxpro.com - ECN & Market maker
alpari.com - ECN & Market maker
fxcm.com - ECN & DMA/STP


trader

December 25, 2011

Hi
Dear BG can u please tell me trading of FX Sol Uk (City Index trading), CMC Markets UK and Varengold Bank Germany. What are their trading methodology and is it safe to trae with them?


trader

December 24, 2011

Hello, I'm from Malaysia. I am looking for an ECN broker, and I just had a capital of 1500-2000usd. can anyone suggest me a good ECN broker. And please teach me how to open an account with an easy way .... I just found out the web. through a friend. and it is very nice. but I do not understand enough about the broker's broker has listed.


trader

December 23, 2011

hellow sir exness.com and fxpro.com and alpari.com and fxcm.com this companies type send please to my e mail [email protected]


BrokerGuru

December 22, 2011

MT4 doesn't have technical abilities to facilitate ECN trading.
Yes, 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.


trader

December 22, 2011

sir i have a question,,,did MT4 platform can direct access the order to STP/ECN(interbank)??,,many i saw ECN broker using their own terminal platform to direct clients into interbank instead using of MT4....what the difference???


BrokerGuru

December 20, 2011

InterbankFX is a DMA/STP + Market maker broker.


trader

December 20, 2011

how about interbankfx?? thank you...


BrokerGuru

December 19, 2011

Do you mean a broker doesn't have a separate commission at all, but instead adds 0.5 pips as commission?

At least FXPro does that on their ECN accounts. It's a rather new approach, but as long as it works and all dealing conditions remain to be true ECN, I think I would be okay with that and call it "ECN with commissions included in spreads".


trader

December 19, 2011

An ECN broker has commissions. Would they qualify if they take, say, 0.5 pip per lot as their commission? Just wondering because there are some in your list that do.


BrokerGuru

December 18, 2011

Thank you!

While ECN Alpha support answered:

Hello,
what's the minimum deposit for a true ECN account?
Thank you!

-------------
ECN Alpha: 500 US dollars is the minimum deposit.

-------------


trader

December 17, 2011

Just a quick note while I was going through brokers list: MB Trading and FxClearing do not accept Canadian clients
and ECN Alpha has a min deposit of $10,000, not $250 as in your list.


BrokerGuru

December 15, 2011

minimum required lot is usually 0.1 standard lot for this.


trader

December 14, 2011

as we said that even STP can separate clients account,,and make there own market for whom the equity isnt enough to trade at standard level such as 0.01 sen,since theire equity not normally standard and a lot is not available at interbank level,,,so what the minimum lot did the broker place our standard lot size at true ECN or STP???thank you for your help...


BrokerGuru

December 14, 2011

OANDA is a dealing desk broker.


trader

December 14, 2011

hi,,BrokerGuru,,how about OANDA,,,can u check it???


BrokerGuru

December 12, 2011

MasterForex is a Market maker and ECN.
MasterForex offers ECN on accounts from $500 - Currenex platform accounts. Other accounts are MM.

About Dukascopy question: sorry I can't recommend/review any broker. The site policy requires to keep an unbiased position.


trader

December 12, 2011

What are MasterForex? MM, STP or ECN?


trader

December 12, 2011

I'm hesitant in deciding broker with ECN accounts min 1000 USD, I'm interested dukascopy nevertheless saw some bad reviews from: http://www.forexrealm.com/brokers-reviews/dukascopy/#reviews. You can give me advice


BrokerGuru

December 9, 2011

"One DMA FX accounts" is the name of the account where traders are offered ECN conditions.
This also means that a broker also has other accounts (besides this one), which are not ECN (could be STP or DD).


trader

December 9, 2011

what is meant by one DMA FX ACCOUNT could you please explain?


Infinit

December 2, 2011

Hey BiGi, thanks for your reply. I guess I will open accounts with all of them accounts and give them all a try.

Not sure about Duka Latvia either? Guys, does anybody have experience here trading with Dukascopy Europe which is based in Latvia?

Thanks,
Infinit


Terry

November 30, 2011

Hi all,

i just opened a demo account with Dukascopy - this is their response about commissions / spreads. they don charge spreads - only commissions.

"Dukascopy doesn't charge on Spread, but commissions for position placed. For more information you may visit: http://www.dukascopy.com/europe/english/forex/forex_trading_accounts/commission-policy/

I will try to explain in a more easy way. The commission will be assign depending on the amount that you will open your account with, if you will open with 1000USD you will be assign a commission of 48USD per million, so if you will open a position for 10.000 USD you will be assigned pay 0,048USD."

Anyway, this website is very useful, keep it up guys .. :-)

Rgds,
Terry


BrokerGuru

November 28, 2011

Markets.com is a market maker.

FxPro has decided to remove commission, but the cost of commission has been added to the spreads. So, in the end there should be no profit loss for a broker. This customized ECN version by FxPro has the same features as any regular ECN, although it might present a few additional challenges when explaining it to customers.

Global Venture Financing (GVF)? (http://www.globalventurefinancing.com)
No, never heard of it. While the site doesn't allow to enter without a login.


trader

November 28, 2011

has anyone of you heard of Global Venture Financing (GVF)??


Michael

November 27, 2011

Hi

I'd like to repeat question sent by Endre some time ago about FxPro. They claim to have their ECN account commission free. Is this real ECN then? If they do not charge commission how do they profit, on spread only or by hedging clients positions?

Thank you
Michael


trader

November 25, 2011

this site is a waste of time.


trader

November 22, 2011

is market.com a ECN?


trader

November 20, 2011

Hi to all ,has any one of you delt with ACFX ?


BrokerGuru

November 16, 2011

I'm not a broker, nor I represent any broker.

Thank you for your feedback!
We are working 24/7 to make this site informative and valuable.


trader

November 16, 2011

Guru ji , 100 forex is the best site till now on the web and it is very helpfull , i noticed that you call your self broker Guru and if you are a broker which forex broker do you represent.


trader

November 16, 2011

Thanks for the great information. I have been using interbankfx and have noticed vs other traders I am losing t rades when they win. Also they are winning more trades in a day and mine are not even placed. I have noticed also trying to backtest data I cannot get good clean data when back testing. I have downloaded fxdd data and get good results but test on interbank and come back with different results and poor quality.


trader

November 15, 2011

could you give me some information about roboforex ? Are they ECN? and i would like to know about their reputation and reliability in the market .
Thankyou .


trader

November 15, 2011

can any one tell me how reliable is roboforex .


trader

November 15, 2011

Thankyou BROKER GURU , this is the best and the most helpful article i have read on the net , hope you can get a list of brokers who are genuine. till now your article is unbiased pls keep it up .
Best regards.


trader

November 15, 2011

only reviews...
NDD brokers also scam clients. There is no safe bet, if you just avoid MMakers. Only reviews can help.


trader

November 15, 2011

Dear Fellow Traders,
Want to go Live, have shortlisted some brokers. Would be grateful if anybody could show me the way on the following issues:
1. Don't want to be deceived by MM broker, so looking for ECN or STP broker.
2. I would be starting with a very small i.e $300 account. Being a scalper by nature, i shall be placing several buy/sell orders each trading day. So, i am also concerned about the commissions.
Please suggest me an ECN or STP Broker with lowest commissions.
3. Is there any testified and reliable info about any such broker who has good track record of paying customers their profits and bonuses (wherever applies.)



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