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
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ECN FOREX BROKER
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TRADING INFO
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KEY FEATURES
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PLATFORMS & ASSET INDEX
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ACCOUNTS
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BROKER'S INFO
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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: (1) Zero-Spread Account (2) Spread on the Standard Account starts from 1.3 pip Commissions: No
Scalping is allowed Automated Trading: YES Free VPS: YES The Compensation Fund protection RoboForex is a member of the 'Compensation Fund' which protects up to €20,000 per client's accounts |
KEY POINTS: ■ Fast Execution ■ 40+ Forex pairs ■ Very tight spreads for low deposit requirements ■ Social Trading (CopyFx) ■ Free VPS Hosting for automated traders ■ Cash Rebates ■ Up to 10% on Account Balances ■ Good selection of trade platforms including MT5 and cTrader |
TRADING PLATFORMS: ►MetaTrader4, ►MetaTrader5, RStocksTrader, WebTrader
Asset Index
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MINIMUM ACCOUNT:
MAM Account:
DEPOSIT FUNDS:
Account Promotions:
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RoboForex is a good choice for intraday traders.
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Review Broker: |
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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
Asset Index
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MINIMUM ACCOUNT:
MAM Account: YES DEPOSIT FUNDS:
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FXDD is a popular Forex broker offering ECN Trading and tight spreads.
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Review Broker: |
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(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
Asset Index
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MINIMUM ACCOUNT:
DEPOSIT FUNDS:
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IC Markets offer professional trading conditions for low deposit requirements.
Not for European Traders:
Review Broker:
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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.
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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 |
TRADING PLATFORMS: ►MetaTrader4, ►MetaTrader5, ►WebTrader
Asset Index
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MINIMUM ACCOUNT:
Fund Methods:
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TitanFx is a multi-featured ECN Forex broker specialized in Asia.
Website:
Review Broker: |
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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)
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)
Asset Index
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MINIMUM ACCOUNT:
MAM Account: YES DEPOSIT FUNDS:
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AXI offers 50+ pairs, very tight spreads, MAM Accounts, FIX/API, and Autochartist
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Review Broker: |
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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
Asset Index
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MINIMUM ACCOUNT:
DEPOSIT FUNDS:
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IC Trading is a good choice for automated trading and scalping.
Website:
The Compensation Fund protection RoboForex is a member of the 'Compensation Fund' which provides protection up to €20,000 per client's accounts
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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
TradingCenter.org (c)
L MORE REVIEWS • COMPARE • BROKERS
□ Forex Brokers Comparison
□ CFD Brokers
□ Expert Advisors (EAs)
► IC Trading Review
► FXOpen Review
► FP Markets Review
► IC Markets Review
► RoboForex
► FBS Review
► TitanFx Review
► FXDD Review
