Compare ECN/STP Forex Brokers

ECN/STP FOREX BROKERS COMPARISON TABLE

There are two main categories of 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 DD 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).

More: » CFD Brokers | » Forex Signals | » Forex Robots

FOREX BROKER

TRADING INFO

KEY FEATURES

PLATFORMS / ASSETS

ACCOUNTS

BROKER'S INFO

XE Markets Review

» XM GROUP

REGULATION:

CySEC, ASIC, FCA UK

ACCOUNT SEGREGATION: YES

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: Market-Maker

XM Group was found in 2009, 2015, 2016 and it is domiciled in Cyprus (EU).

 

SPREAD EUR/USD:

1.6 pip Typical

COMMISSIONS:

No Trading Commissions

($3.5 commissions for XM Zero account)

LEVERAGE: 1:30

“This leverage applies to all the EU regulated entities of the group.

Leverage depends on the financial instrument traded.”

AUTOMATED TRADING: YES

SCALPING: YES

SLIPPAGE: 0.60 pip

We have traded with them without a problem, but XM Group is not good for news-trading or scalping

KEY POINTS:

Wide Asset Index
Trade Indices and Commodities on MT4
FIX/API Trading
Many trading platforms for manual and auto-trading
Variety of Funding Methods
CFDs on Futures
$30 No-Deposit Bonus*

*Bonus is not applicable for clients registered under

Trading Point of Financial Instruments Ltd

and Trading Point of Financial Instruments UK Ltd

Platforms Available:

Web Trader, , MetaTrader4, MetaTrader5

Demo is available

 

Asset Index

Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs and Cryptocurrencies CFDs

$5 minimum deposit

BONUS: up to 50%

Bonus is not applicable for clients registered under Trading Point of Financial Instruments Ltd

and Trading Point of Financial Instruments UK Ltd.

DEPOSIT FUNDS:

Credit cards

MoneyBookers

Neteller

Wire Bank Transfer

 

XM Group Accounts:

Visit XM Group

 

Review Broker:

XM Group Review

» FXCC

REGULATION: FCA UK (549790), CySEC (121/10) and MiFID (EU), Audited by Deloitte

ACCOUNT SEGREGATION: YES

ISLAMIC ACCOUNTS: YES

EXECUTION: ECN / STP

The broker was found in 2010 and it is domiciled in Cyprus.

SPREAD EUR/USD:

0.4 pip

COMMISSIONS:

1 pip

LEVERAGE: 1:300

SCALPING: YES

AUTOMATED TRADING: YES

SLIPPAGE: 1.0 pip

FXCC KEY POINTS:

Good Trading Promotions
PAMM Accounts
FIX / API Trading
NY4 Equinix server for automated trading

Platforms Available:

MetaTrader4, Sirix WebTrader, MAM Platform, Mobile Traders

Demo is available

FXCC Forex Trading Model

Asset Index

(1) Forex Trading

30+ Forex Pairs

(2) CFD Trading

-Dow Jones and Nasdaq

-Gold and Silver

$100 minimum account

BONUS: Up to 100% Credit Bonus

DEPOSIT FUNDS:

Credit Cards

Bank Wire

Skrill

WebMoney

Neteller

 

FXCC Trading Accounts:

Open a Real account with FXCC

Open a Demo account with FXCC

 

Review Broker:

Review FXCC

HotForex Review

» HOT FOREX

REGULATION: CySEC, MiFID

World Finance Top 100 Company

ACCOUNT SEGREGATION: YES

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: STP / ECN

HotForex was found in 2007 and it is domiciled in Cyprus.

SPREAD EUR/USD:

Spread starts from 0.4 (VIP Accounts)

Fixed Spreads (Standard Account)

EURUSD: 1.8 pip

GBPUSD: 2.5 pip

USDJPY: 1.8 pip

COMMISSIONS: No

LEVERAGE: 1:1000

AUTOMATED TRADING: YES

SCALPING: YES

SLIPPAGE: 0.55 pip

(*) HotForex CurreneX Account offers much better spreads (minimum account $500)

KEY POINTS:

ECN / STP
Good Asset Index
Very good promotions
Popular v2 PAMM accounts
FIX / API Trading
Free VPS for all traders holding more than $5,000
Many Trading Contests
Currenex Account with tight spreads

Platforms Available:

►MetaTrader4, ►WebTrader, FIX API

Mobile Trader for all Devices

Practice Account is available

Asset Index

(1) Forex Trading

43 Forex Pairs

(2) CFD Trading

-Stocks & Indices

-Commodities

-Energies

$50 minimum account

BONUS: 40-100%

DEPOSIT FUNDS:

Credit Cards

Bank Wire

MoneyBookers

Neteller

iDeal

Union Pay

Sofort

Netbanx

TrustPay

 

HotForex offer 100% Welcome Bonus, CurreneX Account, Free VPS Hosting and many other promotions:

Visit HotForex

 

Review Broker:

Review HotForex at Trading Center

» ETX CAPITAL

REGULATION:

FSA UK

ACCOUNT SEGREGATION: YES (COVERED 50,000 EUR)

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: MARKET MAKER

ETX was found in 2002 and it is domiciled in London, UK

SPREAD EUR/USD:

1.4 pips

COMMISSIONS: No

LEVERAGE: 1:200

AUTOMATED TRADING: YES

SCALPING: YES

SLIPPAGE: No Data

ETX CAPITAL KEY POINTS:

Wide Asset Index
Variety of Trading Platforms
Insured Funds (up to 50,000 Euro)
Welcome Bonus

Platforms Available:

MetaTrader4, ETX Trader, ETX TraderPro, Mobile Trader

Demo is available

ETX Capital Platform

Asset Index

(1) Forex Trading

40+ Forex Pairs

(2) CFD Trading

-Commodities

-Stocks & Indices

$100 minimum account

BONUS: Up to 40%

DEPOSIT FUNDS:

Credit cards,

MoneyBookers,

Wire Transfer

 

ETX Capital provide insured accounts (up to 50,000 EUR):

Visit ETX Capital

 

Review Broker:

Review Broker at Trading Center

 

If you plan to trade intraday, avoid Dealing-Desk firms and prefer to trade with ECN/STP brokers.

Day-Traders should focus entirely on ECN/STP brokers. ECN/STP brokers transfer their client’s orders directly to the market and that means speed-of-execution and reliable trading.

 

Forex Brokers Comparison

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L MORE REVIEWS

• COMPARE

□ Forex Brokers Comparison □ Expert Advisors (EAs) □ Forex Trading Systems    

• ECN BROKERS

HotForex  JustForex IC Markets FXCC Forex

LQDFX

• STP BROKERS

► XM IronFx FBS (Russia)    

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