Compare ECN/STP Forex Brokers

FOREX BROKERS COMPARISON TABLE

If you plan to trade Forex seriously prefer to open an account with a well-regulated ECN/STP broker.

  • ECN/STP brokers transfer their client’s orders directly to the market and that means there is no conflict of interest
  • They offer the tightest spreads in the market and usually better overnight rates than Dealing-Desks
  • They also offer considerably faster order execution and lower slippage than Dealing-Desks, and that is especially important for day traders and robotic traders using EAs

More: » Compare Forex Robots | » Review Forex Brokers

 

ECN FOREX BROKER

 

 

TRADING INFO

 

 

KEY FEATURES

 

 

PLATFORMS & ASSET INDEX

 

 

ACCOUNTS

 

 

BROKER'S INFO

 

Very tight spreads, MT4, MT5, cTrader

» ROBOFOREX WEBSITE

REGULATION: FSC 000138/7 (Belize)

ACCOUNT SEGREGATION: European Banks

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: STP

Roboforex was founded in 2009 and it is domiciled in Belize

 

Spread EUR/USD:

Spread starts from 1.3 pip on EURUSD

Commissions: No

 

Scalping is allowed

Automated Trading: YES

Free VPS: YES

KEY POINTS:

■ Fast Execution
■ 35+ Forex pairs
■ Very tight spreads for low deposit requirements
■ Low trade slippage
■ Social Trading
■ Free VPS Hosting for automated traders

■ Good selection of trade platforms including MT5 and cTrader

TRADING PLATFORMS:

MetaTrader4, ►MetaTrader5, RStocksTrader, WebTrader

MetaTrader4, MT4 WebTrader, and MetaTrader5

Asset Index

  • Forex Trading (35+ Forex Pairs)
  • Precious metals and Commodities
  • Stock Indices and Shares (R StocksTrader)

MINIMUM ACCOUNT:

  • $10 minimum for Standard Account

MAM Account: YES

DEPOSIT FUNDS:

  • Cards
  • Bank Wire
  • Skrill
  • Neteller 
  • PerfectMoney

RoboForex is a good choice for intraday traders.

  • Tight spreads and fast execution
  • MT4/MT5
  • Free VPS

 

Visit RoboForex

 

Review Broker:

Review RoboForex

 

FXDD Accounts

» FXDD Accounts

REGULATION: MFSA (Malta) and FSC (Mauritius)

ACCOUNT SEGREGATION: YES

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: ECN

FXDD was founded in 2002 and it is based in Malta and Mauritius.

 

Spread EUR/USD:

Spread starts from 1.6 pip on the Standard Account and 0.3 pip on the ECN Account.

Commissions: $7/full traded lot

 

Scalping is allowed

Automated Trading: YES

Free VPS: NO

KEY POINTS:

■ MT4/MT5 and FXDD WebTrader
■ ECN Trading & Tight
■ Free Research via TradingCentral
■ FIX/API Trading
■ MAM Accounts

TRADING PLATFORMS:

MetaTrader4, ►MetaTrader5, ►WebTrader

FXDD offer MettaTrader4, MetaTrader5 and WebTrader

Asset Index

  • More than 65 Forex Pairs
  • 13 stock indices and over 20 shares
  • 7 Metals and 4 energies

MINIMUM ACCOUNT:

  • $100 minimum

 

MAM Account: YES

DEPOSIT FUNDS:

  • Credit Cards
  • Bank Wire
  • UnionPay
  • Neteller

FXDD is a popular Forex broker offering ECN Trading and tight spreads.

► FXDD Accounts

Review Broker:

► Review FXDD

IC Markets offer real professional trading conditions for low deposit requirements

» IC MARKETS WEBSITE

(Not for European Traders)

REGULATION: FSA of Seychelles License Number SD018

ACCOUNT SEGREGATION: YES

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: CFD Provider

IC Markets was founded in 2007 and it is domiciled in Seychelles.

 

Spread EUR/USD:

Spread starts from 0.0 pip

Commissions: 

$7/full traded lot

 

Scalping is allowed

Automated Trading: YES

Free VPS: YES

Slippage: 0.35 pip

KEY POINTS:

■ cTrader along with MT4/MT5
■ NY4 and LD5 IBX Equinix Data Centres in New York and London
■ Free VPS for all traders holding more than $5,000
■ FIX/API Trading
■ Fast Order Execution

TRADING PLATFORMS:

MetaTrader4, ►MetaTrader5, ►cTrader

IC Markets offer MetaTrader4, MetaTrader5 and cTrader

Asset Index

  • Forex Trading (61 Forex Pairs)
  • Stocks and Indices
  • Commodities and Energies
  • Cryptocurrencies

MINIMUM ACCOUNT:

  • $200 minimum for MetaTrader
  • $200 minimum for cTrader

 

DEPOSIT FUNDS:

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

IC Markets offer professional trading conditions for low deposit requirements.

Not for European Traders:

► Visit IC Markets

Review Broker:

► Review IC Markets

 

 

TITANFX Accounts 

» TITANFX ACCOUNTS

REGULATION: FSC of the Republic of Vanuatu (Reg. No. 40313)

ACCOUNT SEGREGATION: YES

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: ECN

TitanFx was founded in 2014 and it is domiciled in Vanuatu.

 

 

Spread EUR/USD:

Spread on EURUSD starts from 0.1 pip

Commissions: 

$7/full traded lot

 

Scalping is allowed

Automated Trading: YES

Free VPS: YES

KEY POINTS:

■ MT4/MT5 and WebTrader
■ NY4 and LD5 IBX Equinix
■ Free VPS
■ Trading Contests and Free Market Research
■ Advanced EA Trading and EQUINIX NY4 ECN BRIDGE

TRADING PLATFORMS:

MetaTrader4, ►MetaTrader5, ►WebTrader

TitanFx offer MettaTrader4, MetaTrader5 and WebTrader

Asset Index

  • More than 60 Forex Pairs
  • Stock indices and shares from the US and Japan
  • Metals, Energies, and Soft Commodities
  • Cryptocurrencies

MINIMUM ACCOUNT:

  • $200 minimum

 

Fund Methods:

  • Credit Cards
  • Bank Wire
  • Skrill
  • UnionPay
  • Neteller

TitanFx is a multi-featured ECN Forex broker specialized in Asia.

► TitanFx Accounts

Review Broker:

► TitanFx Review

Very tight spreads, MT4, FIX/API, and Autochartist

» AXI WEBSITE

REGULATION: FCA UK (number 509746) and ASIC Australia (AFSL number 318232)

ACCOUNT SEGREGATION: YES

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: ECN

Axi was founded in 2007 and it is domiciled in the UK and Australia.

 

Spread EUR/USD:

Spread starts from 0.0 pip on Pro Accounts

Minimum Spreads (Pro Account)

  • EURUSD: 0.0-0.1 pip
  • GBPUSD: 0.4 pip
  • USDJPY: 0.2 pip

Commissions: 

$7/full traded lot

 

Scalping is allowed

Automated Trading: YES

KEY POINTS:

 ECN trading conditions
 50+ Forex pairs
 Very tight spreads for low deposit requirements
 Social trading, FIX/API Trading, and Autochartist
 MAM accounts
 Well-regulated Forex broker

TRADING PLATFORMS:

MetaTrader4 on several versions, and a Demo Account (real conditions)

MetaTrader4, MT4 WebTrader, and MetaTrader5

Asset Index

  • Forex Trading (50+ Forex Pairs)
  • Precious metals and Commodities
  • Stock Indices
  • Cryptocurrencies

MINIMUM ACCOUNT:

  • $10 minimum for Standard Account
  • $1,000 for Pro Account

MAM Account: YES

DEPOSIT FUNDS:

  • Cards
  • Bank Wire
  • Skrill
  • Neteller 
  • BPAY

AXI offers 50+ pairs, very tight spreads, MAM Accounts, FIX/API, and Autochartist

Visit AXI

 

Review Broker:

Review AXI

IC Trading

» IC Trading

REGULATION: FSC (Financial Services Commission of Mauritius) -License Number: GB21026834

ACCOUNT SEGREGATION: YES

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: CFD Provider

IC Trading was founded in 2022 and it is domiciled in Mauritius.

 

Spread EUR/USD:

Spread starts from 0.0 pip

Commissions: $7/full traded lot

Scalping is allowed

Automated Trading: YES

Free VPS: YES

Slippage: 0.35 pip

KEY POINTS:

■ cTrader along with MT4/MT5
■ NY4 and LD5 IBX Equinix Data Centres in New York and London
■ Free VPS for all traders holding more than $5,000
■ FIX/API Trading
■ Fast Order Execution

TRADING PLATFORMS:

MetaTrader4, ►MetaTrader5, ►cTrader

IC Markets offer MetaTrader4, MetaTrader5 and cTrader

Asset Index

  • 61 Forex pairs
  • 25 Stock Equity Indices and 2,100+ shares
  • 4 major metals and 2 Energy assets 
  • 9 Bonds
  • 21 Cryptocurrency pairs

MINIMUM ACCOUNT:

  • $200 minimum for MetaTrader
  • $200 minimum for cTrader

 

DEPOSIT FUNDS:

  • Credit Cards
  • Bank Wire
  • Skrill
  • PayPal
  • Neteller

IC Trading is a good choice for automated trading and scalping.

► IC Trading

Review Broker:

► Review IC Trading

 

 

More: » Compare Forex Robots | » Review Forex Brokers | » Compare Forex Signal Providers

 

CATEGORIZING FOREX BROKERS

There are two main categories of Forex brokers:

  • ECN/STP Brokers (No-Dealing-Desk)

An ECN (Electronic Communications Network) is a Forex broker electronically connected to the ECN network of banks. An STP (Straight-Through-Processing) Forex broker routes its client orders electronically to a liquidity provider. Both ECN and STP brokers place their client orders directly in the global currency market without any human intervention. ECN/STP brokers are categorized as NDD brokers (No-Dealing-Desk).

  • Market Makers or Dealing-Desk firms

Dealing-Desk (DD) means creating a market within the market. A Dealing-Desk firm acts as an intermediary between the trader and the Forex market. DD firms can interfere anytime with their client’s activity, and that creates a serious conflict of interest against the clients. Furthermore, DD firms are notorious for charging high slippage on order execution (traders pay the higher trading cost and suffer from delays on order execution).

 

ECN/STP Forex Brokers Comparison

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L MORE REVIEWS

• COMPARE

□ Forex Brokers Comparison □ CFD Brokers □ Expert Advisors (EAs)  

• BROKERS

 IC Trading Review  FXOpen Review ► FP Markets Review ► IC Markets Review

 

RoboForex  FBS Review ► TitanFx Review  FXDD Review

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