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 ECN stands for Electronic Communication Network. An ECN broker earns its revenue from charging a commission per trade side. They do not make any revenue through the bid/ask spread or profiting directly from its clients' losses. True ECN brokers supply a professional trading platform where the best bid/ask price is picked up from their tier-1 liquidity providers.
What follows is a list of the most reputable forex brokers that offer ECN trading accounts with low spreads and competitive commissions per side (100K).
| ECN Broker |
Features |
Min. Deposit |
More |
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Xemarkets provides DMA/STP market execution on all trading accounts (Micro, Standard, Executive). Number of Liquidity providers: 6
|
Variable |
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Hotforex offers real ECN accounts from $500. Account type: MT4 Currenex. Low trading spreads from 0.2 pips. Commission per side (100K): $5.00. PAMM Account. Trade Forex, Indices, Commodities and CFD's. MYFX platform for deposits over 2,000 USD. |
$500 |
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Sunbird MT4 ECN Screenshot:
SunbirdFX MT4 ECN uses "market execution" type to execute ECN orders.
As a result, you'll always get the best available market price.
Currenex ECN Platform Screenshot:
Currenex is one of the most advanced ECN trading platforms available for professional currency traders.
ECN Trading Through Currenex Platform:
PROS
- Low variable spreads
- No dealing desk (NDD)
- Anonymous currency trading
- Best bid/ask price
- Instantaneous trade execution
- One-click order execution
- No limitations on forex scalping
- Trade news events
CONS
- High minimum deposit required of $50,000
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