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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

August 23, 2011

Thank you, most helpful....


Tajer

August 22, 2011

Hi Broker Guru , i received the following from Dukascopy legal deparment

" Technically and contractually, the ECN broker always must be the
counterparty to all trades (in opposite direction) matched on the
marketplace. Normally, each trade between a client and the broker is
instantly hedged with trade(s) in opposite direction between the broker
and other participants of the marketplace. As far as hedging is
concerned, things cannot be as simple as you expect. As a matter of
fact, it might be that certain clients' orders may be not hedged
instantly, not hedged fully or not hedged at all. Is is in particular
the case when clients give orders which are too small to be hedged with
mail liquidity providers of the marketplace which usually are banks. To
insure liquidity for such small orders, ECN brokers have no option but
to execute those orders without instant hedge." can you help me are they still ECN ?

best regards

Tajer


BrokerGuru

August 21, 2011

Withdrawing money should never be a difficulty with any broker.

Regardless the type of the broker, you have the same requirement for your trading orders and account management:
once you've used all your available margin, you're risking to receive a margin call (with all or partial position liquidation) should the losses on your open orders continue to accumulate.

There is no maximum life limits for open positions:
- speaking of time - you can hold your open positions as long as you like;
- speaking of required margins - you can hold your open positions for as long as you have enough required margin on your account.

You should be very well familiar with the subject of Margin requirements. This knowledge will keep you away from major money management mistakes.


TIA

August 21, 2011

Hi BrokerGuru,

Although I understand the differences between ECNs and non-ECNs, there is something I would want to know.

Market Markers generally close orders once your loss reaches a certain limit. Do ECN brokers also do the same or can you carry your losses such that your balance is -ve?

What is the maximum life of a trade execution with an ECN broker like say if I do a transaction today, for how long can I hold that transaction with an ECN broker?

Would withdrawing money from account be difficult? I mean what kind of difficulties would be involved if at all any??

TIA.


BrokerGuru

August 19, 2011

Hi Tajer,

I saw it and at that time I didn't have the answer for it.

If you read Dukascopy's FAQ though:
"Do all the accounts have access to ECN Forex trading market?
Yes, all the accounts have direct access to the ECN Forex trading market via SWFX - Swiss FX Marketplace"

Dukascopy is a Bank, and as a bank they participate on the Interbank.
As we know, once your order is sent to the Interbank (ECN pool), there it'll be filled by ECN participants, among them are banks who will act as counter parties to your trades.
So, technically, Dukascopy can keep some trades to themselves, especially small orders of 0.01 lot.

If I find any additional information about it, I'll update it here.


Tajer

August 19, 2011

Hi Broker Guru

i am client of Dukascopy and i would like to inform you that they added extra rule in the contract.

15. conflict of intres : "dukascopy is a counter party of each trade and counter trade"

"Dukascopy may have opposite positions againsts the clients"

how are they ECN and be a counter party

can you help please?

Tajer


BrokerGuru

August 16, 2011

The commission rates are up to date.
When comparing commission rates, make sure to verify whether a broker named you commission rate "per round turn" OR "per one side".


trader

August 15, 2011

Please update commission of brokers..

thanks


trader

August 11, 2011

I'd say, the safest broker is the one that processes your withdrawals :)

If you want to fidn out the type of the broker yourself, you:
read Client agreement and see if the broker is a counterparty to all your trades,
then chat/call a broker and ask about their dealing type.

Then you download Demo platform and look at spreads (fixed, variable) and type of order execution (instant, market).
Fixed spreads + instant execution = dealing desk, though some may argue..


trader

August 11, 2011

So, what is the safe type of broker that we have to choose? and how to know the type of the broker? Thanks


BrokerGuru

August 5, 2011

@trader: "Is there an ecn broker that does not comingle client funds?"

Do you mean is there an ecn broker that offers segregated accounts?

@JT: TradeStation is a DMA/STP broker.

@trader: Kerford Investments is a dealing desk broker.


trader

August 4, 2011

what about Kerford Investments (uk) Ltd in London ? they are under FSA. are they DD or NDD?


JT

July 31, 2011

Does anyone know the status of Tradestation Forex? Is it an ECN? Does anyone have any experience with Tradestation and Forex? JT


trader

July 29, 2011

Too Good, What a Lesson


trader

July 29, 2011

Is there an ecn broker that does not comingle client funds?
Basicaly even if they offer FDIC your money will be used
to pay out thier depts if they declare bankruptcy and the FDOC
will do nothing.
Do all brokers comingle?


trader

July 21, 2011

Is Divisa Capital trustworthy? Their commission rate quite reasonable.


BrokerGuru

July 19, 2011

HotForex is a DMA/STP broker, not ECN.


trader

July 17, 2011

hotforex not on the list? why?


Cashbull FX

July 15, 2011

Hi,

many thanks for the explanation. It is indeed very transparent. I would like to recommend to STP Brokers that we advertise on our site. They both have headquarters or branch office in Germany, the Varengold Bank and the WH Self Invest.

Visit our site to receive special trading conditions such as rebates on spreads and lower initial investment for opening accounts.

www.cashbullfx.com


BrokerGuru

July 14, 2011

Our broker Search allows to find IBs:
Forex brokers comparison

In the field: "Additional information" choose option "Introducing broker".


User

July 14, 2011

Can anyone help me, i'm trying to find a list of Introducing Brokers (IB's)...does anybody know something?


trader

July 8, 2011

very good man ! u understand to filter usefull information out and give them to community. i will save your site in my favorites. thumps up


BrokerGuru

July 5, 2011

Dukascopy is a true ECN. Never received/heard about any problems with withdrawals.

CitiFX Pro - Premium accounts ($50,000) are ECN. The rest are Dealing desk accounts (from $10,000 Mini and Standard accounts).
CitiFX Pro and SaxoBank are liquidity partners. While also recently CitiFX Pro took over US clients of SaxoBank.


trader

July 4, 2011

Hi BrokerGuru , is Citifx pro an ECN or STP ? do you have any information about their brokerage ? some sites list them as market makers , some list them as stp or ecn , is there a way to find out for sure what kind of business they are running , i know they have their platforms connected to saxo bank and i have no idea why .. thanks


trader

July 2, 2011

Hello
I would like to know about Dukascopy
Are they truly ECN?
do anybody here has a good withdrawal experience with them?


BrokerGuru

July 2, 2011

Hello,

Sorry, on this site we don't suggest brokers.
Depending on your trading strategy, you may choose to trade with ECN (variable spreads + commission, execution speed depends on market conditions) or with a market maker (fixed/constant spreads, no commission, instant execution, yet you have conflict of interests).


trader

July 1, 2011

many thanks many thanks many thanks many thanks great great great!!!


trader

July 1, 2011

Hello
I'm from iran and I want to open a 5000$ account.I wanted to go with windsor first
but when I found out that it's a market maker, I got Apprehensive about trade manipulation.
now,I want to go with Dukascopy but I'm still doubtful.can you help me with that
and tell me your frank suggestion?
thanks


BrokerGuru

July 1, 2011

Thank you!


trader

July 1, 2011

AFX Capital Markets Ltd:

AFX FAST ECN account. Min. deposit $10 000. Spreads from 0.8 pips. Min trade 10K. Commission $25.
http://www.afxcapital.com/en/afxfast


trader

June 30, 2011

please i am looking for a true ecn/stp broker i can trade news with. MBtrading has actually been my first choice but unfortunately they dont accept my country.
thanks


trader

June 30, 2011

LiderForex - fixed spreads, no commission. That's not ECN.


trader

June 30, 2011

I am working with LiderForex right now and they always pay, very good ECN forex company


trader

June 26, 2011

Its a very helpfull article for new comers
thanks


trader

June 25, 2011

Hello to everybody, I'm looking for a broker that during news does not quote and requote with a big slippage, do you have any advices?


BrokerGuru

June 24, 2011

GO Markets is DMA/STP broker, not ECN/STP.

Alpari UK has Alpari Direct Pro accounts ($20K minimum deposit), which are ECN; the rest is dealing desk.

Mitsui FX has been listed. Thank you!


trader

June 24, 2011

Go Markets (www.gomarketsaus.com) are not STP/ECN?


trader

June 19, 2011

what about alpari uk


trader

June 1, 2011

Mitsuifx is the best Broker in this moment!


BrokerGuru

June 1, 2011

Yes, why not. A serious company will offer a serious business.


trader

May 31, 2011

Can a broker who offers both fixed spread (market maker) and ECN trading options be trusted to provide a true ECN trading environment without any manipulation whatsoever?


BrokerGuru

May 30, 2011

Thank you!
Will be listed.


trader

May 30, 2011

Sunbird FX claims they have no dealing desk.
They offer choice between ECN or STP.


BrokerGuru

May 12, 2011

@ trader: To find a broker that match your criteria, please use our Search: Forex brokers comparison
where select:

Broker type - ECN/STP
US clients accepted - yes
Leverage: 100:1 and up

You'll get around 15-20 results to work with. The next step would be to further refine the search according to your own needs: e.g. minimum deposit, min lot, trading platform, broker regulation etc.

At 100 Forex brokers we provide facts, but we cannot recommend/promote/suggest any of the brokers. Please read reviews on our site as well as on other sites to make an educated choice.

@C.Ashok: we've added a couple of new pages about STP vs ECN vs DMA brokers. I'm sure it'll help you to understand the pros and cons of each broker type.
Straight Through Processing - STP brokers
Direct Market Access - DMA brokers


C.Ashok Kumaar

May 12, 2011

As a trader which option is to choose either STP or ECN ? which is benefit for us?
Please could you guide me.

Regards,
C.Ashok Kumaar


trader

May 11, 2011

If I want to have an ECN broker who would accept US residence to open an account and also provides higher leverage (more than 50:1), which reliable broker would you suggest?? is there anybody who has good experience with an ECN broker with those criteria??


BrokerGuru

May 10, 2011

@ trader: Thank you!
Grand Capital offers DMA for traders who choose Market execution order type, but it's not ECN, since there is no commission for trading.

@ trader: Please consider brokers that allow all EAs: Forex brokers comparison
Search parameter: "All EAs allowed" - Yes.

At 100 Forex brokers we can't recommend/promote any of the brokers, our goal is to collect facts & data about brokers, so that traders can have maximum information to make own educated choice.

If you're planning to use some of the known commercial EAs, it's better to ask each broker directly (phone, email) whether they will allow you to use that EA. But if it's your own custom EA, you should generally have no problems with it with brokers who claim to accept all EAs.


trader

May 10, 2011

Hi,

I'm doing trade by using EA. Can anyone give me advice for the best forex broker (MT4) for EA?

Thks a lot


trader

May 10, 2011

ECN in Grand Capital http://eng.grandcapital.net/managed/investor/


BrokerGuru

May 7, 2011

Thank you!
Will be updated.



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