ECN brokers

ECN brokers, Electronic Communications NetworkPractically all experienced traders recommend starting a trading career at Forex with ECN brokers. Pros and cons of ECN brokers can be distinguished as well as within any other broker type. But ECN brokers have one key advantage – they offer the direct ac

Practically all experienced traders recommend starting a trading career at Forex with ECN brokers. Pros and cons of ECN brokers can be distinguished as well as within any other broker type. But ECN brokers have one key advantage – they offer the direct access to the retail and institutional market players.

If you are new in Forex trading, further we will explain what ECN brokers are and how they operate at FX market. Foremost, we should emphasize the popularity of this broker type among traders.

This information is accessible via a data window in DOM mode (Depth of the Market). A trader can get real time data from hedge funds, international banks, market makers and even individual investors. An ECN broker also lets a client placing and then watching trading orders. And then such comanies allow other traders execute these orders. In brief, ECN brokers show the market’s current liquidity and let execute trading orders.

ECN brokers (Electronic Communications Network) differ by showing the real time bid and ask offers available at the moment at Forex.

Many newcomers confuse ECN brokers with STP Forex brokers. These two broker types have certain similarities, but can be easily distinguished from one another. STP brokers in common do not provide DOM data unlikely a true ECN broker does. ECN brokers charge variable spreads when STP firms charge a fixed spread. Besides due to their specific operation, such brokers charge commissions for every transaction. This can be partially named as the only disadvantage of ECN brokers.

On Broker-Rates you can find reviews of the best ECN brokers available for beginners and experienced traders. You can on your own estimate the pros and cons of every reviewed ECN broker.

Despite dissimilarities between ECN brokers there can be pointed out the following common advantages:

  • A variable spread without extra charges;
  • A full transparency of bid/ask prices of the involved market participants;
  • Charging every transaction with equal amount of money, despite its result. That is why ECN brokers are not interested in clients’ losses;
  • There is No Dealing Desk within ECN brokers;
  • Practically all ECN companies offer anonymous trading and quick execution of orders;
  • Full and partial limit orders considering the volumes and accessibility of bid/ask prices.

Due to the flexible services both for beginners and Forex experts, ECN brokers are very popular among traders. You can also test the services of any reliable ECN broker after reading our brokers’ reviews.




Broker logo Title Review News Comm. Sta- tistic Min. depo. $ Leverage Rating Voting US traders Status Com- pare
1 RoboForex RoboForex 1 500:1
15
 
2 Alpari Alpari 100 1000:1
14
 
3 NordFX NordFX 5 500:1
12
 
4 InstaForex InstaForex 1 1000:1
12
 
5 Forex4you Forex4you 1 500:1
10
 
N/A
6 Exness Exness 1 2000:1
7
 
7 ACM ACM 2000 100:1
4
 
N/A
8 OANDA OANDA 500 400:1
4
 
N/A
9 FBS FBS 1 2000:1
2
 
10 GFT GFT 250 200:1
1
 
N/A
11 FortFS FortFS 5 1000:1
1
 
12 ForexYard ForexYard 100 100:1
1
 
N/A
13 FxPro FxPro 500 0:1
0
 
14 ActivTrades ActivTrades 250 0:1
0
 
N/A

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Latest Comments

Barak Hujung 2016-07-18 17:07:15
What about Thailand? Any offices accept for our "beloved" capital? I'd really love to get some coffee before I spend a few hundreds ))
Alex Svetlov 2016-07-06 17:07:09
Bring us to St. Petersburg brothers ): 'cause that's where all started!
Duna Vayjhan 2016-07-06 17:07:04
Leverage good for me but the rating is weird. Why do not you update the whole website and the whole rating list - it is better to view the up to date information. And what is minimum deposit? Is it really so? I don't think it is the truth...
Kappo Garmini 2015-03-03 18:03:55
5 usd starting money gives me fun, though I am a low-end trader ))
Kappo Garmini 2015-03-03 18:03:55
5 usd starting money gives me fun, though I am a low-end trader ))
Nick 2014-05-23 00:00:00
Nice broker. Fast executions, never requotes, tight spreads. Withdrawals are smooth.
Alex V 2013-10-09 00:00:00
Great partnership program for Webmasters!
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