Compare ECN/STP Forex Brokers

ECN/STP FOREX BROKERS COMPARISON TABLE

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

  • 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

 

FOREX BROKER

 

 

TRADING INFO

 

 

KEY FEATURES

 

 

PLATFORMS / ASSET INDEX

 

 

ACCOUNTS

 

 

BROKER'S INFO

 

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 found 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

LEVERAGE: 1:30

AUTOMATED TRADING: YES

SCALPING: YES

KEY POINTS:

 Real 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

(1) Forex Trading (50+ Forex Pairs)

(2) Precious metals and Commodities

(3) Stock Indices

(4) 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 offer 50+ pairs, very tight spreads, MAM Accounts, FIX/API, and Autochartist

Visit AXI

 

Review Broker:

Review AXI

ECN trading conditions for low deposit requirements

» MULTIBANK WEBSITE

REGULATION: ASIC Australia (No 416279)

ACCOUNT SEGREGATION: YES

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: ECN

MultiBankFx was found in 2005 and it is domiciled in Australia.

SPREAD EUR/USD:

Spread starts from 0.1 pip

Minimum Spreads (ECN Pro Account)

  • EURUSD: 0.1 pip
  • GBPUSD: 0.3 pip
  • USDJPY: 0.2 pip

COMMISSIONS: $6/full traded lot

LEVERAGE: 1:30

AUTOMATED TRADING: YES

SCALPING: YES

KEY POINTS:

 Real ECN trading
 45 Forex pairs
 20% Deposit Bonus for Maximus and MultiBank pro accounts
 FIX/API Trading, Free VPS
 Multi-Featured MAM accounts
 Tight spreads on ECN Pro Account

 

TRADING PLATFORMS:

MetaTrader4, ►MetaTrader5, and a Demo Account

MetaTrader4, MT4 WebTrader, and MetaTrader5

Asset Index

(1) Forex Trading (45+ Forex Pairs)

(2) Precious metals and Commodities

(3) Stock Indices and 1,000 shares

(4) Cryptocurrencies

MINIMUM ACCOUNT:

  • $50 minimum for Maximum accounts

TRADING BONUS:

  • 20% Deposit Bonus

MAM Account: YES

DEPOSIT FUNDS:

  • Cards
  • Bank Wire
  • Skrill
  • Neteller 
  • PrerfectMoney
  • More methods

The broker offers ECN trading, a Free VPS, MAM Accounts, FIX/API, and a deposit bonus

 Visit MultibankFx

 

Review Broker:

 MultibankFx Review

»  LQDFX WEBSITE

REGULATION: N/A

ACCOUNT SEGREGATION: YES

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: STP

LQDFX was found in 2015 and it is domiciled in Malta.

SPREAD EUR/USD:

Spread starts from 1.1 pip plus NO trading commissions

Minimum Spreads

  • EURUSD: 1.1 pip
  • GBPUSD:1.2 pip
  • USDJPY: 1.4 pip

Note: the VIP account offers better conditions

COMMISSIONS: NO

LEVERAGE: 1:500

AUTOMATED TRADING: YES

SCALPING: YES

KEY POINTS:

■ 100% welcome bonus that traders can withdraw after meeting volume requirements

■ 5 account types, including ECN, Gold, and VIP

■ Over 70 Forex pairs plus many world indices

■ A wide selection of Forex Currencies and CFD products

■ Free Education (courses) and Daily Chart Analysis

■ Ideal for Gold and Silver trading (a great number of pairs including XAU and XAG)

TRADING PLATFORMS:

MetaTrader4

Mobile Trader for all Devices

Practice Account is available

MetaTrader4

Asset Index

(1) 70+ Forex Pairs

(2) Precious Metals (Many pairs with Gold and Silver)

(3) 12 Stock indices

(4) Soft Commodities

(5) Energies (UKOIL, USOIL, and NGAS)

MINIMUM ACCOUNT:

$20 minimum

DEPOSIT FUNDS:

  • Credit Cards
  • Bank Wire
  • Neteller
  • Skrill
  • FasaPay
  • UnionPay
  • UPaid Card

MAM Account: YES

BONUS: Up to 100% Cash Bonus

You can withdraw the bonus, after meeting volume requirements

The Bonus Value is calculated as $5 USD per full traded round lot.

LQDFX offer 70 Forex pairs and a 100% welcome bonus.

Visit LQDFX

 

Review Broker:

Review LQDFX at Trading Center

ECN trading conditions for low deposit requirements

» GLOBAL PRIME WEBSITE

REGULATION: AFSL Australia (No 385620)

ACCOUNT SEGREGATION: YES (WESTPAC BANK)

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: ECN

GlobalPrime was found in 2010 and it is domiciled in Australia.

SPREAD EUR/USD:

Spread starts from 0.1 pip

Average Spreads (ECN Account)

  • EURUSD: 0.1 pip
  • GBPUSD: 0.6 pip
  • USDJPY: 0.4 pip

COMMISSIONS: $7/full traded lot

LEVERAGE: 1:30

AUTOMATED TRADING: YES

SCALPING: YES

KEY POINTS:

 Real ECN trading
 48 Forex pairs plus 5 cryptocurrencies
 Institutional trading
 FIX/API Trading
 Free VPS for all traders (20 lots minimum monthly volume)
 Tight spreads for all account types

TRADING PLATFORMS:

MetaTrader4, WebTrader, TraderEvolution

FIX API, Mobile Traders & Practice Account

MetaTrader4 and MT4 WebTrader

Asset Index

(1) Forex Trading (48 Forex Pairs)

(2) 18 Commodities

(3) 13 Stock Indices

(4) 5 Cryptocurrencies (BTC, ETH, BCH, XRP, LTC)

MINIMUM ACCOUNT:

  • $200 minimum for ECN accounts

 

DEPOSIT FUNDS:

  • Visa, Mastercard
  • Bank Wire
  • Skrill
  • Neteller 
  • FasaPay
  • BPay
  • More methods

 

GlobalPrime offer ECN competitive trading conditions.

 Visit Global Prime

 

Review Broker:

 Review Global Prime at Trading Center

 

FXTM is a good choice for semi-advanced Forex traders

» FXTM WEBSITE

REGULATION: CySEC (No 185/12) and FCA UK (License 777911)

ACCOUNT SEGREGATION: YES

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: STP/ECN

FXTM was found in 2011 and it is domiciled in Cyprus.

SPREAD EUR/USD:

Spread starts from 1.8 pip plus NO trading commissions

Minimum Spreads

  • EURUSD: 1.8 pip
  • GBPUSD: 3.0 pip
  • USDJPY: 2.0 pip

COMMISSIONS: NO

LEVERAGE: 1:30

AUTOMATED TRADING: YES

SCALPING: YES

KEY POINTS:

■ A wide range of trading accounts, including ECN and ECN Pro Trading account

Highly Regulated group (CySEC, FCA UK, IFSC)

A wide selection of Forex Currencies and CFD products

■ Many different funding methods

 FXTM Loyalty Program (reduces trading cost)

TRADING PLATFORMS:

MetaTrader4, ►MetaTrader5

Mobile Traders & Practice Account

FXTM provide MetaTrader4 and MetaTrader5

Asset Index

□ 50 Forex Pairs

□ 10+ Stock Indices  & Share CFDs

□ Energies (Brent, Crude Oil, and Natural Gas)

□ Spot Metals (Gold and Silver against USD and EUR) & Gold Bullion

MINIMUM ACCOUNT:

  • $10 (Cent Account)
  • $100 (Standard Account)
  • and $500 (ECN Account)

MAM Account: YES

DEPOSIT FUNDS:

  • Credit Cards
  • Bank Wire
  • Skrill
  • Neteller 
  • Bitcoin (via Skrill)
  • Western Union
  • DotPay, Yandex
  • QIWI, Alfa-Click

FXTM offer a wide asset index and it is a good choice for semi-advanced Forex traders.

Visit FXTM

 

Review Broker:

Review FXTM at Trading Center

 

 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)

• ECN BROKERS

 Axi Review  Global Prime Review ► MultibankFx Review  FXTM Review ► IC Markets Review

 LQDFX Review

• STP BROKERS

 IronFx Review  JustForex Review ► FBS Review  RoboForex

 FXCC Review

 FP Markets Review

• MARKET MAKERS

 Capital          

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