Compare Online Forex Brokers

ECN refers to an electronic trading platform that automatically matches long and short orders. In the Foreign Exchange market, an ECN acts as an electronic bridge connecting tier-1 liquidity providers with retail traders. This process takes place through an ECN Forex broker. The liquidity providers in ECN Forex trading include central banks, retail and investment banks, investment firms, market makers, and both retail and institutional Forex traders. The main advantages of trading with an ECN Forex broker are (i) tight spreads and (ii) fast order execution without price manipulation.

 

Compare Online Brokers and Review Their Trading Terms - Online Brokers Comparison

Here are some Forex brokers offering segregated client bank accounts. All of the following companies have been operating in the market for at least five years.

Table: Compare Online Forex Brokers

CFD BROKER	SAFETY OF FUNDS	TRADING TERMS	PLATFORMS / ASSETS	ACCOUNT INFO	BROKER'S INFO
■ ROBOFOREX » ROBOFOREX WEBSITE   US TRADERS: NO ISLAMIC ACCOUNTS: YES EXECUTION: ECN/STP	REGULATION: FSC 000138/7 ACCOUNT SEGREGATION: YES CORPORATE INFO: The broker was founded in 2009 and it is based in Belize CUSTOMER SUPPORT: English Arabic Russian Portuguese Spanish Kazakh Malay Czech	SPREADS EURUSD: 1.3 GBPUSD: 1.4 USDJPY: 1.4 COMMISSIONS: No SCALPING: YES AUTOMATED TRADING: YES SLIPPAGE: 0.3 pip	PLATFORMS: MetaTrader-4, MetaTrader-5, MT4 for iPhone and Android R StocksTrader WebTrader PAMM: NO DEMO: YES FREE VPS: YES RoboForex welcomes scalpers and algorithmic traders ASSETS: 35+ Forex currency Pairs Stocks and stock-indices Precious Metals Energy Assets Soft Commodities	MIN. DEPOSIT: $10 DEPOSIT FUNDS: Credit Cards Bank Wire Skrill Neteller UnionPay Western Union PerfectMoney TRADING PROMOTIONS: Cash Bonus Trading Rebates	KEY POINTS Fast and low-cost trading Free VPS PAMM Accounts   ► Open a Real/Demo account with RoboForex   ► Review RoboForex
■ FXDD » FXDD ACCOUNTS   US TRADERS: NO ISLAMIC ACCOUNTS: YES EXECUTION: ECN/STP	REGULATION: MFSA (Malta) FSC (Mauritius) ACCOUNT SEGREGATION: YES CORPORATE INFO: The broker was founded in 2002 and it is based in Mauritious and Malta (EU) CUSTOMER SUPPORT: English Arabic Russian Portuguese Spanish German French Japanese	SPREADS EURUSD: 0.3 GBPUSD: 0.7 USDJPY: 0.5 COMMISSIONS: $7.0 / lot SCALPING: YES AUTOMATED TRADING: YES SLIPPAGE: (N/A)	PLATFORMS: MetaTrader-4 MetaTrader-5 WebTrader PAMM: YES DEMO: YES FREE VPS: NO Welcomes scalpers and algorithmic traders ASSETS: 65 Forex currency Pairs Stocks and indices Precious Metals Energy Assets Soft Commodities Cryptocurrencies	MIN. DEPOSIT: $100 DEPOSIT FUNDS: Credit Cards Bank Wire Neteller UnionPay TRADING PROMOTIONS: TradingCentral Analysis Market Reports	KEY POINTS Modern ECN Trading PAMM Accounts TradingCentral Analysis   ► FXDD Real Account Registration Review Broker: ► Review FXDD on TradingCenter
■ TITANFX » TITANFX WEBSITE   US TRADERS: NO ISLAMIC ACCOUNTS: NO EXECUTION: ECN/STP	REGULATION: FSC Vanuatu (40313) ACCOUNT SEGREGATION: YES CORPORATE INFO: The broker was founded in 2014 and it is based in Vanuatu CUSTOMER SUPPORT: English Japanese	SPREADS EURUSD: 0.2 GBPUSD: 0.57 USDJPY: 0.33 COMMISSIONS: $7.0 per full traded lot SCALPING: YES AUTOMATED TRADING: YES SLIPPAGE: (N/A)	PLATFORMS: MetaTrader-4 MetaTrader-5 WebTrader PAMM: NO DEMO: YES (Including Competition) FREE VPS: YES Welcomes scalpers and algorithmic traders ASSETS: 60+ Forex currency Pairs Stocks and indices Precious Metals Energy Assets Soft Commodities Cryptocurrencies	MIN. DEPOSIT: $200 DEPOSIT FUNDS: Credit Cards Bank Wire Skrill Neteller UnionPay TRADING PROMOTIONS: Free VPS Demo Competition with Cash Prizes	KEY POINTS ECN executions and tight spreads Free VPS Demo Account Competition   ► TitanFx Trading Accounts Review Broker: ► TitanFx Review on TradingCenter
■ IC MARKETS » IC MARKETS   US TRADERS: NO ISLAMIC ACCOUNTS: YES EXECUTION: CFD Provider   Note: IC Markets will not allow European Traders and traders from Brazil.	REGULATION: FSA (Seychelles) ACCOUNT SEGREGATION: YES CORPORATE INFO: The broker was founded in 2007 and it is based in Seychelles. CUSTOMER SUPPORT: Chinese English French German Italian Japanese Spanish	SPREADS EURUSD: 0.0 GBPUSD: 0.0 COMMISSIONS: $7.0 / lot SCALPING: YES AUTOMATED TRADING: YES SLIPPAGE: 0.8 pip	PLATFORMS: MetaTrader-4, MetaTrader-5, MT4 for iPhone and Android, cTrader, Mobile cTrader, cAlgo WebTrader PAMM: NO DEMO: YES FREE VPS: YES (100 round turn lots per calendar month are required) ASSETS: 61 currency pairs 4 major metals Equities (12 index CFDs) Energies (Brent and WTI)	MIN. DEPOSIT: $200 for the MT4 account and cTrader accounts FUND METHODS: Bank Wire Credit Card Skrill Webmoney Neteller TRADING PROMOTIONS: Trading Rebates	KEY POINTS Not for European Traders Tight Spreads cTrader and cAlgo plus MT4 Low latency ► Register a Real/Demo Account ► Review IC Markets   Note: IC Markets will not allow European Traders and traders from Brazil.

 

  

The Basic Features of the Electronic Communication Network (ECN)

An ECN (Electronic Communication Network) serves as a centralized electronic marketplace where a wide range of participants—from large banks to individual traders—can trade currencies directly and anonymously. It provides greater transparency, deeper liquidity, and often lower trading costs compared to traditional market maker or dealing desk models, making it especially beneficial for active and high-volume traders.

• The ECN network is designed to collect, display, and execute trading orders automatically without any intervention
• Trading via an ECN provides tight spreads, fast order execution, and full anonymity.

These key points distinguish ECN trading from other methods:

(1) Variable Spreads

Spreads between the ask and bid prices on an ECN are variable and fluctuate with market volatility, which often changes during news releases or significant economic and political events. Only brokers acting as Market Makers (Dealing Desk) offer fixed spreads. However, fixed spreads often result in high re-quotes during periods of increased volatility, negating their advantage. True ECN brokers offer variable spreads and do not charge re-quotes.

(2) Anonymity of Trading

Trading on an ECN is anonymous, meaning all participants trade under the same conditions with neutral prices, regardless of their trading volume or account size. This creates a reliable and fair environment, benefiting retail traders.

(3) Huge Liquidity

Since Forex trading through ECNs involves participants worldwide, even large players like investment banks find it difficult to manipulate the market. The vast liquidity ensures that orders are fulfilled, even in challenging market conditions. Exceptions occur rarely, often after weekends, which is why professional traders avoid holding positions after Friday’s close.

(4) Volume Activity Can’t Be Measured Precisely

Because ECN transactions are not cleared through a central system, there is no consolidated volume data available.

(5) Time Zones and GMT

Forex traders operate across different time zones, causing some confusion about market opening and closing times. To avoid this, many traders use Greenwich Mean Time (GMT) on their charts.

■ Online Brokers Comparison

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