Compare ECN/STP Forex Brokers

ECN/STP FOREX BROKER COMPARISON

An ECN Forex broker uses the Electronic Communications Network (ECN) to provide its clients direct access to liquidity providers in the global currency markets. ECN brokers offer better trading terms and this means tighter trading spreads and faster execution with minimal delays. In the following table you can compare some of the best ECN Forex Brokers in the industry. 

 

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

FOREX BROKER

TRADING CONDITIONS

PLATFORMS

ACCOUNTS

LINKS

AXI Review

LICENSE:

  • FCA UK (509746)
  • ASIC (318232)

CLIENT ACCOUNT SEGREGATION:

YES

US TRADERS:

NO

SWAP-FREE ACCOUNTS: YES

YEAR OF FOUNDATION:

2007

DOMICILED:

Australia and in the UK

TRADING SPREADS (*):

on EURUSD:  0.0 pip

on GBPUSD:  0.4 pip

on USDJPY: 0.2 pip

TRADE COMMISSIONS:  $7.0 per full traded lot

(*) The tested account type is the Pro Account.

 

ZERO-SPREAD ACCOUNTS:

YES

EXECUTION:

ECN/STP

TRADE PLATFORMS

□ MetaTrader4

□ MT4 WebTrader

□ Mobile Traders

□ FIX/API

SCALPING: YES

AUTO-TRADING: YES

FREE VPS: YES

ASSETS:

50+ Fx Pairs

Full CFD Asset Index

LEVERAGE: 1:30

MIN. DEPOSIT:

$10 for the Standard Account and $1,000 for the Pro Account

The Pro Account offers significantly lower trading spreads.

 

► AXi ACCOUNTS

 

FUND METHODS:

  • Bank Wire
  • Credit Card
  • Skrill
  • BPay
  • Neteller

KEY POINTS

  • Well-Regulated
  • Very tight spreads and fair trading commissions
  • FIX/API
  • Free VPS
  • Social trading via the MyFXBook
  • Autochartist
  • PAMM Accounts
  • No Withdrawal or Inactivity fees

 

► Register with AXI

 

 Review further AXI

LICENSE:

  • CySEC
  • FCA UK

CLIENT ACCOUNT SEGREGATION:

YES

US TRADERS:

NO

SWAP-FREE ACCOUNTS: YES

YEAR OF FOUNDATION:

2011

DOMICILED:

Cyprus

FIXED SPREADS:

on EURUSD:  1.5 pip

on GBPUSD:  3.0 pip

on USDJPY: 1.8 pip

TRADE COMMISSIONS:  NO

FXTM offers lower spreads on the 3 ECN accounts (floating spreads)

FLOATING SPREADS:

on EURUSD:  0.2 pip

on GBPUSD:  0.3 pip

on USDJPY: 0.2 pip

TRADE COMMISSIONS:  YES

ZERO-SPREAD ACCOUNTS:

YES

EXECUTION:

ECN/STP

TRADE PLATFORMS

□ MetaTrader4

□ MetaTrader5

□ WebTraders

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

FREE VPS: NO

ASSETS:

50+ Fx Pairs

Full CFD Asset Index

LEVERAGE: 1:30

$10 Minimum Account

BONUS PROMOTION:

(N/A)

 

» FXTM ACCOUNTS

 

FUNDING METHODS:

  • Credit Cards
  • Bank Wire
  • Skrill
  • Neteller
  • Western Union
  • QIWI

KEY POINTS

  • Trade a good variety of Forex pairs on MT4 and MT5
  • Offers 3 ECN account types and Shares Account
  • Low deposit requirements

 

Visit the FXTM Website

 

Review further FXTM

LICENSE:

  • FINMA (Swiss)

CLIENT ACCOUNT SEGREGATION:

YES (via the Swiss Banks)

US TRADERS:

NO

SWAP-FREE ACCOUNTS: YES

YEAR OF FOUNDATION:

1999

DOMICILED:

Switzerland

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 offer a rebate of 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

FREE VPS: NO

ASSETS:

50+ Fx Pairs

Gold and Silver on Spot

LEVERAGE: 1:30

$100 Minimum Account for Dukascopy Europe

$5,000 for Dukascopy Bank

BONUS PROMOTION: 

10% Equity Bonus

 

» 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

 

Dukascopy Website

 

 Review further Dukascopy Group

Visit FXCC

LICENSE:

  • CySEC
  • FCA UK

CLIENT ACCOUNT SEGREGATION:

YES

US TRADERS:

NO

SWAP-FREE ACCOUNTS: YES

YEAR OF FOUNDATION:

2010

DOMICILED:

Cyprus

TRADING SPREADS:

on EURUSD:  0.4 pip

on GBPUSD:  0.5 pip

on USDJPY: 0.6 pip

TRADE COMMISSIONS:  1 pip commissions

 

ZERO-SPREAD ACCOUNTS:

NO

EXECUTION:

ECN / STP

TRADE PLATFORMS

□ MetaTrader4

□ MT4 Multiterminal

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

FREE VPS: NO

ASSETS:

55+ Fx Pairs

Full CFD Asset Index

LEVERAGE: 1:30

$100 Minimum Account

BONUS PROMOTION:

Not for European Traders

 

» FXCC ACCOUNTS

 

FUNDING METHODS:

  • Credit Cards
  • Bank Wire
  • MoneyBookers
  • Neteller

KEY POINTS

  • More than 55 currency pairs
  • Equinix New York NY4 servers

 

Visit Web-Site

 

Review further FXCC

LICENSE:

  • FCA UK, ASIC, CySEC, AFSC

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

□ WebTrader

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

FREE VPS: NO

ASSETS:

80+ Fx Pairs

Full CFD Asset Index

LEVERAGE: 1:30

$100 Minimum Account

BONUS PROMOTION:

60% Credit Bonus

 

» IRONFX ACCOUNTS

 

FUNDING METHODS:

  • Credit Cards
  • Bank Wire
  • Skrill
  • Neteller

KEY POINTS

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

 

Visit the IronFx Website

 

► Review further IronFx

LICENSE: 

  • ASIC (Australia -license 335692)

CLIENT ACCOUNT SEGREGATION:

YES

US TRADERS:

NO

SWAP-FREE ACCOUNTS: YES

YEAR OF FOUNDATION:

2007

DOMICILED:

Australia

TRADING SPREADS:

on EURUSD:  0.1 pip

on GBPUSD:  0.5 pip

on USDJPY: 0.3 pip

TRADE COMMISSIONS:  $7.0 per full traded lot

 

ZERO-SPREAD ACCOUNTS:

YES

EXECUTION:

ECN/STP

TRADE PLATFORMS

□ MetaTrader4

□ MetaTrader5

□ WebTrader

□ cAlgo

□ cTrader

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

FREE VPS: YES

ASSETS:

55+ Fx Pairs

Full CFD Asset Index

LEVERAGE: 1:30

$200 Minimum Account

BONUS PROMOTION:

(N/A)

» IC MARKETS ACCOUNTS

 

FUNDING METHODS:

  • Credit Cards
  • Bank Wire
  • Skrill
  • Neteller
  • WebMoney
  • +More

KEY POINTS

  • Forex broker for advanced and professional traders
  • Tight spreads and fast execution
  • Trade several assets on MT4 and MT5
  • A wide selection of fund methods
  • cTrader platform
  • FIX/API
  • PAMM Accounts

 

Visit the IC Markets Website

 

Review further IC Markets

 

FOREX COMPARISON TABLE EXPLAINED:

FOREX COMPANY REVIEW

  • LICENSE: Very important for the safety of trading funds. Regulators monitor and control Forex Brokers
  • CLIENT ACCOUNT SEGREGATION: it refers ts a bank account in which the 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 (religious 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

 

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

 

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