⚖️ FOREX BROKERS COMPARISON TABLE
ECN/STP Forex brokers are especially suitable for day-traders, scalpers, and algorithmic traders due to their institutional-grade pricing and support for fast order execution.
Why Selecting ECN/STP Forex Brokers
An ECN/STP Forex broker electronically connects currency traders directly with liquidity providers, such as banks, hedge funds, and other market participants, through an automated matching system. This setup gives traders direct access to the Electronic Communication Network of banks, ensuring they receive the best possible trading conditions for their orders. Unlike market makers (Dealing-Desks), ECN/STP brokers do not take the opposite side of trades; instead, they aggregate live price quotes from multiple participants in the interbank market. Rather than marking up spreads, these types of brokers typically charge a fixed commission per trade.
Key Benefits for Currency Traders
- The key benefits of ECN/STP brokers include tighter spreads, faster execution without requotes, and anonymity for large-volume traders.
- ECN/STP brokers route client orders directly to the market, eliminating conflicts of interest.
- They ensure quicker order execution with minimal price manipulation -features particularly important for day traders and trading systems based on Expert Advisors (EAs).
- They often provide better overnight (SWAP) rates than dealing desk brokers.
More: » Compare Forex Robots | » Review Forex Brokers
Table: Compare 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.
Website:
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: 🔗 MetaTrader-4, 🔗 MetaTrader-5, 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: 🔗 MetaTrader-4, 🔗 MetaTrader-5, 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: 🔗 MetaTrader-4 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
Website:
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: 🔗 MetaTrader-4, 🔗 MetaTrader-5, 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 protects 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 types of Forex brokers:
- ECN/STP Brokers (No-Dealing-Desk or NDD)
An ECN (Electronic Communications Network) broker connects electronically to a network of banks. An STP (Straight-Through-Processing) broker routes client orders electronically to liquidity providers. Both ECN and STP brokers send orders directly to the global currency market without any human intervention. These brokers are called NDD (No-Dealing-Desk) brokers.
- An ECN broker provides direct access to an interbank-style market, featuring variable spreads plus a commission, which maximizes transparency and reduces conflicts of interest.
- An STP broker uses a simpler pricing model by routing orders to selected liquidity providers.
While the STP order execution model is straightforward, it offers less transparency than the ECN order execution model.
- Market Makers or Dealing-Desk Firms (DD)
Dealing Desk (DD) brokers create a market within the market. They act as intermediaries between the trader and the Forex market. DD firms can interfere with client trades at any time, creating a conflict of interest. They are also known for high slippage and delays, which increase trading costs for the trader.
■ ECN/STP Forex Brokers Comparison
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L MORE REVIEWS • COMPARE • BROKERS
» Forex Brokers Comparison
» CFD Brokers
» Expert Advisors (EAs)
» Compensation Schemes
» RoboForex Review
» IC Trading Review
» TitanFx Review
» IC Markets Review
» FXOpen Review
» FXOpen Review
