Compare ECN/STP Forex Brokers

ECN / STP FOREX BROKER COMPARISON

Review and Compare some of the best Forex Brokers in the industry

 

COMPARE BROKERS: » DIRECTORY | » TRADE SPREADS | » FOREX REBATES | » FOREX SCALPING | » SWAP RATES | » FUNDS SAFETY

FOREX BROKER

TRADING CONDITIONS

PLATFORMS

ACCOUNTS

LINKS

LICENSE:

FCMC, MIFID

CLIENT ACCOUNT SEGREGATION:

YES (via Swiss Banks)

US TRADERS:

NO

SWAP-FREE ACCOUNTS: YES

YEAR OF FOUNDATION:

2011

DOMICILED:

Latvia (EU)

TRADING SPREADS:

on EURUSD:  0.25 pip

on GBPUSD:  0.35 pip

on USDJPY: 0.85 pip

TRADE COMMISSIONS: $4.8 / lot

 

SWFX LIQUIDITY:

  • Liquidity via the SWFX Market
  • Trade 200 million USD with one click

 

Dukascopy Rebate:

Dukascopy offers rebate 20% on all commissions, for the 1st month of trading

-Auto Rebate Link on the right column

EXECUTION:

ECN / SWFX

TRADE PLATFORMS

□ JForex

□ JavaTrader / WebTrader

□ FIX/API

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

ASSETS:

50+ Fx Pairs

Gold and Silver on Spot

LEVERAGE: 1:200

$100 Minimum Account for Dukascopy Europe

$5,000 for Dukascopy Bank

BONUS PROMOTION: 

10% Equity Bonus

30% Rebate for the 1st Month (Rebate-Link on the right)

 

» DUKASCOPY ACCOUNTS

 

FUNDING METHODS:

  • Credit Cards
  • Bank Wire
  • Bank Guarantees

KEY POINTS:

  • Tight Spreads and Swaps
  • Great Liquidity
  • JForex Platform
  • FIX/API
  • PAMM Accounts
  • Social Trading
  • Many Free Contests
  • 30% Rebate via the following Link

 

30% Rebate Link for Dukascopy Europe and Dukascopy Bank (1st month of trading)

 

 Review further Dukascopy Europe and Bank

LICENSE:

FCA UK, ASIC, CySEC, MiFID

CLIENT ACCOUNT SEGREGATION:

YES (UK Banks)

US TRADERS:

NO

SWAP-FREE ACCOUNTS:

YES

YEAR OF FOUNDATION:

2010

DOMICILED:

Cyprus

TRADING SPREADS:

on EURUSD:  1.8 pip

on GBPUSD:  2.0 pip

on USDJPY: 1.6 pip

TRADE COMMISSIONS:  NO

 

ZERO-SPREAD ACCOUNTS:

YES

 

EXECUTION:

ECN / STP

TRADE PLATFORMS

□ MetaTrader4

□ MetaTrader5

□ WebTrader

□ Sirix WebTrader

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

ASSETS:

80+ Fx Pairs

Full CFD Asset Index

LEVERAGE: 1:500

$500 Minimum Account

BONUS PROMOTION:

60% Credit Bonus

 

» IRONFX ACCOUNTS

 

FUNDING METHODS:

  • Credit Cards
  • Bank Wire
  • MoneyBookers
  • Neteller

KEY POINTS

  • Trade several assets on MT4, including shares and commodities
  • Wide selection of fund methods
  • FIX/API
  • PAMM Accounts
  • Multilingual Customer Support

 

Visit IronFx official Web-Site

 

► Review further IronFx

LICENSE:

FCA UK, CySEC, MiFID

World Finance Top 100 Company

CLIENT ACCOUNT SEGREGATION:

YES (Tier-1 Banks)

US TRADERS:

NO

SWAP-FREE ACCOUNTS:

YES

YEAR OF FOUNDATION:

2007

DOMICILED:

Cyprus

(1) TRADING SPREADS:

on EURUSD: 1.4 pip

on GBPUSD: 2.3 pip

on USDJPY: 1.7 pip

TRADE COMMISSIONS:  NO

 

(2) CURRENEX / VIP ACCOUNT SPREADS:

-Start at 0.4 pips

-Commissions: $6 per full Round-Turn

-Minimum Account: $500

 

HotForex Rebate:

HotForex offers a $6.4/lot rebate plan via Forex-Rebates.com

EXECUTION:

STP / ECN

TRADE PLATFORMS

□ MetaTrader4

□ WebTrader

□ FIX API

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

Free VPS Hosting

Requires deposit $5,000

ASSETS:

43 Fx Pairs

Several other Markets via CFDs

LEVERAGE: 1:1000

$50 Minimum Account Amount

BONUS PROMOTION:

40-100% Cash Bonus

 

» HOTFOREX ACCOUNTS

 

FUNDING METHODS:

  • Credit Cards
  • Bank Wire
  • MoneyBookers
  • Neteller
  • iDeal
  • Union Pay
  • Sofort
  • Netbanx
  • TrustPay

KEY POINTS

  • CurreneX account which offers tight spreads ($500)
  • 100% Cash Bonus
  • V.2 PAMM
  • Free VPS hosting for EAs
  • Many Funding Options
  • Commodities and Indices trading on MT4
  • FIX/API
  • Multilingual Customer Support

 

HotForex WebSite and Promotions

 

► Review further HotForex

LICENSE:

CySEC, ASIC, MiFID

CLIENT ACCOUNT SEGREGATION:

YES

US TRADERS:

NO

SWAP-FREE ACCOUNTS:

YES

YEAR OF FOUNDATION:

2008

DOMICILED:

Cyprus

 

TRADING SPREADS:

on EURUSD:  1.8 pip

on GBPUSD:  2.6 pip

on USDJPY: 2.0 pip

TRADE COMMISSIONS:  NO

ACCOUNT WITH ZERO SPREADS: YES

 

XM Rebate:

XM offers a rebate plan via Forex-Rebates.com

EXECUTION:

STP Model

TRADE PLATFORMS

□ Web Trader

□ MirrorTrader

MetaTrader4

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

ASSETS:

60+ Fx Pairs

Full CFD Asset Index

LEVERAGE: 1:500

$5 Minimum Account

BONUS PROMOTION:

30-50% Credit

$30 Free No-Deposit Bonus

 

» XM ACCOUNTS

 

FUNDING METHODS:

  • Credit cards
  • MoneyBookers
  • Liberty Reserve
  • Neteller
  • Wire Bank Transfer
  • More Methods

KEY POINTS

  • Commodities and Indices trading on MT4
  • Good Asset Index
  • $30 No-Deposit Bonus
  • Wide selection of Funding Methods and other options
  • Multilingual and Fast Customer Support

 

Visit XM Official Web-Site

 

► Review further XM Forex and CFD Broker

LICENSE:

FCA UK

CLIENT ACCOUNT SEGREGATION:

YES

US TRADERS:

NO

SWAP-FREE ACCOUNTS: YES

YEAR OF FOUNDATION:

1978

DOMICILED:

London, UK

(1) TRADING SPREADS:

on EURUSD:  1.8 pip

on GBPUSD: 2.6 pip

on USDJPY: 2.4 pip

TRADE COMMISSIONS:  NO

 

(2) PRO ACCOUNT TYPE:

-Minimum Account: $5,000

-1/2 Premium contract

-0.5 pip min. spreads

EXECUTION:

STP

TRADE PLATFORMS

□ MetaTrader4

□ CurreneX

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

ASSETS:

43 Fx Pairs

CFD Assets

LEVERAGE: 1:300

$50 Minimum Account Amount

BONUS PROMOTION:

10% Cash Bonus

 

» HYCM ACCOUNTS

 

FUNDING METHODS:

  • Credit Cards
  • Bank Wire
  • MoneyBookers
  • Web-Money
  • Paypal

KEY POINTS

  • High Safety of Funds (Vast Group)
  • CurreneX Platform
  • Multilingual and Fast Customer Support
  • Supports both Paypal and Skrill as Fund Methods

 

► Visit HYCM Official Web-Site

 

► Review further HYMarkets

 

FOREX COMPARISON TABLE EXPLAINED:

FOREX COMPANY REVIEW

  • LICENSE: Very important towards the safety of trading funds. Regulators monitor and control Forex Brokers.
  • CLIENT ACCOUNT SEGREGATION: it refers ts a bank account in which client's funds are separated from the corporate funds. 
  • US TRADERS: After 2008, most Forex Brokers don't allow US Traders due to new US legislation.
  • SWAP-FREE ACCOUNTS: This account type is selected mainly from Arabic Traders (religion reasons).
  • YEAR OF FOUNDATION: The year that the broker was found as a corporate entity.
  • DOMICILED: The headquarters country.

FOREX BROKER'S TRADING REVIEW

  • TRADING SPREADS: The average difference between Ask and Bid
  • TRADE COMMISSIONS: This is an additional cost to trade spreads. Some brokers don't charge trade commissions but they charge wider trading spreads. The trading commissions are calculated based on one standard lot which means 100.000 USD.
  • FREE VPS: A VPS Hosting Service can be used for automated trading (EAs) without the need of having your PC on.
  • REBATE PLANS: These plans are very useful in minimizing your trading cost.

FOREX BROKER'S PLATFORMS REVIEW

  • EXECUTION: Refers to the Execution Type of the Forex Broker. Usually, ECN/STP Brokers (NDD Brokers) offer better terms than Market Makers (DD Brokers).
  • TRADE PLATFORMS: Refers to the available desktop platforms, all brokers nowadays offer also mobile trading.
  • SCALPING: Scalping is a day-trading strategy that involves hundreds of trades in a single day, aiming to profits on tiny price changes.
  • AUTO-TRADING: Refers to the allowance (or not) of Automated Trading. Usually, ECN/STP Forex Brokers allow automated trading (Expert Advisors)
  • ASSETS: Refers to the Asset Index

FOREX BROKER'S ACCOUNTS REVIEW

  • LEVERAGE: Capital leverage refers to the use of borrowed funds for trading purposes. The ratio of borrowed funds to own funds is called the leverage ratio. Capital leverage up to 100:1 is good and you shouldn't seek more. High capital leverage increases not only your risk but also your trading cost.
  • BONUS PROMOTION: Refers to Welcome Bonus which can be either Cash or Margin Bonus
  • FUNDING METHODS: Refers to the availability of Deposit / Withdrawal Methods

 

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