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ECN/STP Brokers

 

List of Brokers who offer ECN/STP Accounts

Learn how an ECN broker operates

ECN broker is a type of forex broker whose business model operates on passing traders’ orders straight to the liquidity providers. It is often referred to as straight through processing as well.

ECN or electronic communications network are types of mini networks where trading activity takes place. Think of ECN’s as small groups of a circle of friends who trade baseball cards. The buying and selling is usually within this group with the exception of some big buyers and sellers (liquidity providers) who can dip into multiple groups or ECN’s.

As a retail trader your orders are classified as 'sell side' while the liquidity providers are classified as 'buy side' (not to be confused with going long or short/buy or sell).

An ecn broker facilitates trades between the retail trader and the liquidity provider which is the counter party to your trades. Unlike a market maker model where the forex broker fills your orders by taking an opposite position, an ecn broker merely matches your buy/sell orders with that of the liquidity providers. The main benefit of trading with an ecn broker is that there is no conflict of interest. In return for this 'service' the retail trader either pays a commission or a spread mark up, or at times both.

The following comparison table below at Allfxbrokers.com shows you the list of ecn brokers and the trading conditions, starting from minimum deposit, leverage to fees such as spreads and commissions.

If you are looking to trade with an ecn broker, pay attention to whether firstly the minimum deposit requirements matches your trading capital and then look at the fees. It is ideal to choose an ecn broker that charges only a commission or only a spread mark up. Of course, needless to say, cheaper the costs, better it is for the retail trader. Traders should also bear in mind that the minimum deposit is usually higher when trading with an ecn broker, compared to a market maker.

 

Forex Broker Name Minimum Deposit Maximum Leverage Minimum Lot Size Spread on EURUSD Commission Fees
UFX $5000 400/1 1.0 2.0 NO 1order++
Trade360 - - - - - 4order++
London Capital Group $10000 300/1 0.1 0 Minimum + 0.2 Average - 7order++
Alpari $300 1000/1 0.01 0.1 $4 per 1 std. lot on ECN Account 8order++
1Billion Forex $100 200/1 0.01 0 $7 per $100,000 round turn order++
5Stars Forex $500 500/1 0.1 1.5 Pips to 1.5 pips NO order++
AAFX TRADING COMPANY LTD $50 2000/1 0.01 1.0 pip NO order++
Admiral Markets Group $250 500/1 0.01 0.8 Minimum ECN - $35 per 1 mill (per side), Admiral.Prime - USD 3 per 1.0 lots, Admiral.MT5 - 0.003% of volume traded order++
ADS Securities London $200 500/1 0.01 0.0 Minimum Standard Account: Commission free FX 8bps on UK shares, 7bps European shares, 2 cents per share on US shares / ECN Account: $35.00 per million US dollar traded order++
Alfa Trade UK Ltd $500 200/1 0.1 3.0 NO order++
AMarkets $1000 100/1 0.01 0.3 Minimum + 1.5 Average $5 per lot order++
ArgusFx - - - - PRO STP $15, PRO STP $10, PRO STP $5 order++
ATC BROKERS $5000 100/1 0.05 0 Minimum to 0.5 on average 30.00 USD Per Side order++
Atiora Limited $50 100/1 0.01 0.8 Minimum $8 RTL on ECN Pro order++
Axiory Europe $1000 200/1 0.01 0.1 Minimum + 0.3 Average 5 USD / 1 lot on ECN Account order++
AxiTrader $2000 400/1 0.01 0.1 – 1.0 Pips 7.00 roundturn/lot order++
Back Bay Markets $2500 400/1 0.01 0.4 Minimum | 0.9 Average Up to $8.00, as low as $4.00 order++
Billion Capitals $1000 200/1 0.01 0.6 Minimum $6 order++
Black Bull Group Limited-BlackBull Markets $2000 500/1 0.01 0.1 Minimum $6 Round Turn order++
Boston Merchant Financial-BMFN order++
BTFX $250 200/1 0.05 0.1 Minimum order++
Bulls Capital Markets $1000 200/1 0.01 0.6 Per Round Trade $5 commission order++
BuzzFX $200 100/1 0.01 0.6 $8, $7.50 or $7 (round turn) order++
Capital Investment Brokers Ltd-CIBFX $1000 200/1 0.01 0.6 Minimum + 1.5 Average NO commission for forex pairs order++
CapproFX $2000 200/1 0.01 0.6 + 1.0 average $6 order++
CMS TRADER $500 200/1 0.10 3.0 NO Fees order++
Dukascopy Bank SA $5000 200/1 0.01 0.2 order++
Dukascopy Europe $100 300/1 0.01 0.2 pips Basic Spread Decreasing commission depending on Deposit, Equity and Traded Volume. order++
ECN Prime $25000 100/1 0.01 0.1 Minimum $1.5 per side on xLeverage Account, $2.5 per side on Innovative Liquidity Connector Account order++
EightCap $100 400/1 0.01 0.1 Minimum + 0.3 Average Not Specified order++
EuromaxFX - - - - NO order++
Exness $300 200/1 0.01 0 $25 per 1 million order++
FBS $500 (Unlimited Account) 500/1 0.1 0.2 Minimum (Unlimited Account) $20 for 1 standard Lot On Zero Spread order++
Fibo Group $300 400/1 0.01 0 Minimum + 0.2 Aveage 0.003% from the amount of a transaction for MT4 NDD & cTrader STP, till 100 million - $30 for a million USD, from 100 million to 250 million - $25 for a million USD, >250 million - $20 for a million USD for MT5 NDD order++
Fidelis Capital Markets $1000 200/1 0.01 0.0 Minimum + 0.2 Average ECN Classic $15, ECN Pro $12, ECN Gold $10 order++
FinPro Trading $200 200/1 0.01 0.00 Pips Minimum Micro & ECN: $4 per $100k & VIP Accounts: $2.5 per 100k. No commissions on Islamic and Standard STP Accounts order++
Forex Time-FXTM $1 500/1 0.01 0.1 ECN Account (per 1 mln From $20 - $4), FXTM ECN MT5 ($2 per lot), Amanah Account (Profit Sharing From 7% - 2%) order++
Forex.ee $200 500/1 0.01 from 0 fom 1.8 to 5 units of base currency per 1 lot order++
ForexMart - - - - 2 pips order++
Fort Financial Services-FortFS $100 100/1 0.1 0.1 + 0.7 1.5$-9$ order++
FP Markets $1000 AUD or equivalent 500/1 0.01 0.1 Minimum + 0.4 Average AUD $3.5 per 100,000 order++
FreshForex $200 100/1 0.1 0.9 + 1 - order++
FX-EDGE TRADING VENUE $50 200/1 0.01 0 min, max average 0.2 0.002% order++
FX-Next $1.75 - $3.25 order++
FXBM $500 1000/1 0.01 0.6 Minimum - order++
FXFair $25 500/1 0.01 lot 0.0 pips Minimum REAL ECN Account (ECN) - $2 per $100,000 traded, PRIME Account (VIP) - $1.6 per $100,000 traded order++
FXFINPRO Capital - - - - 35$ per 1 million order++
FXGiants $500 200/1 0.01 1.7 $18/Lot Starting order++
FXGlobe $5000 300/1 0.01 0.0 Negotiable order++
FxGrow $100 200/1 0.01 0.1 minimum $12 per standard lot traded order++

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