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ECN Forex Brokers

A list of ECN Forex brokers which provide Forex traders with a direct access to other Forex market participants - retail and institutional. This result in some advantages - no anti-scalping, no "stop-loss hunting", very low spreads; and disadvantages - ECN brokers charge commissions for Forex trading.

Interactive Brokers:

Company: Interactive Brokers Group, LLC
On-line since: 1998
Regulation: Regulated by the SEC, NASD, NYSE, SFA and other regulatory agencies around the world.
Payment options: Bank wire, checks and on-line check
Minimum account size: $5,000
Minimum lot size: 1 lot
Spreads: ECN broker - 1 (or lower) on EUR/USD
Rating: Unrated - Rate Interactive Brokers Broker:
Reviews: Read or write a review on Interactive Brokers broker
Categories: Forex brokers with web platform, ECN Forex brokers, Forex brokers with advanced platform, Institutional Forex brokers, Forex brokers with CFD trading

Advantages:

  • ECN Forex broker - low spreads, perfect market conditions
  • Repuatable company
  • Universal account for Forex, Stock, Futures and Options trading

Disadvantages:

  • No MetaTrader4 software support
  • No demo account
  • No mini Forex accounts

Click here to open an account with Interactive Brokers

MB Trading:

Company: MB Trading Futures, Inc. (MBTF) and 3DForex, LLC
On-line since: 2002
Regulation: Commodity Futures Trading Commission (CFTC) registered Futures Commission Merchant (FCM) and a member of National Futures Association (NFA).
Payment options: Bank wire
Minimum account size: $400
Minimum lot size: 0.1 lot
Spreads: ECN broker - 0.5 pips average on EUR/USD
Rating: 6.3/10.0 with 3 total votes - Rate MB Trading Broker:
Reviews: Read or write a review on MB Trading broker
Categories: ECN Forex brokers, Institutional Forex brokers

Advantages:

  • ECN Forex broker
  • Low, floating spreads
  • Supports trading over the phone

Disadvantages:

  • Commissions for trading
  • No MetaTrader 4 software support
  • Opening an account is a complicated process
  • Residents of some countries can't open account

Click here to open an account with MB Trading

Hotspot FX:

Company: Hotspot FX LLC
On-line since: 2000
Regulation: Member of the National Futures Association (NFA) and is registered as a Futures Commission Merchant with the Commodity Futures Trading Commission (CFTC).
Payment options: Bank wire and checks
Minimum account size: $7,500
Minimum lot size: 1 lot
Spreads: ECN broker - spread varies
Rating: Unrated - Rate Hotspot FX Broker:
Reviews: Read or write a review on Hotspot FX broker
Categories: ECN Forex brokers, Forex brokers with advanced platform

Advantages:

  • One of leading ECN brokers
  • Advanced trading platform

Disadvantages:

  • No mini Forex accounts
  • Account opening is a complicated process

Click here to open an account with Hotspot FX

EFX Group:

Company: Introducing broker of MB Trading broker
On-line since: 2000
Regulation: See MB Trading
Payment options: Bank wire and checks
Minimum account size: $400
Minimum lot size: 0.1 lot
Spreads: ECN broker - spread varies
Rating: Unrated - Rate EFX Group Broker:
Reviews: Read or write a review on EFX Group broker
Categories: ECN Forex brokers

Advantages:

  • Low minimum ECN Forex broker

Disadvantages:

  • No Metatrader 4 software support

Click here to open an account with EFX Group

Dukascopy:

Company: Dukascopy Swiss FX Group
On-line since: 2004
Regulation: Member of ARIF (a self regulatory financial organization).
Payment options: Bank wire
Minimum account size: $50,000
Minimum lot size: 10 lot
Spreads: 0-1 pip on EUR/USD
Rating: Unrated - Rate Dukascopy Broker:
Reviews: Read or write a review on Dukascopy broker
Categories: ECN Forex brokers, Forex brokers with advanced platform, Institutional Forex brokers

Advantages:

  • ECN Forex broker
  • Low spreads
  • A respected Forex company
  • Advanced trading platform

Disadvantages:

  • No mini Forex account
  • Opening an account is a complicated process
  • Very high minimum account size

Click here to open an account with Dukascopy

Forex Club:

Company: Forex Club Financial Company, Inc.
On-line since: 2000
Regulation: Futures Commission Merchant (FCM) registered with the National Futures Association (NFA ID 0358265).
Payment options: Credit cars, wire Transfer and checks
Minimum account size: $10
Minimum lot size: 0.01 lot
Spreads: 3 pips on EUR/USD
Rating: Unrated - Rate Forex Club Broker:
Reviews: Read or write a review on Forex Club broker
Categories: ECN Forex brokers

Advantages:

  • Advanced trading platform

Disadvantages:

  • No Metatrader 4 software support

Click here to open an account with Forex Club

Swissnetbroker:

Company: Finex Group GMBH
On-line since: 2005
Regulation: Regulated as a Financial Intermediary under Swiss Federal Law, regulated by PolyReg, FINEX Group is overseen by the Federal Department of Finance in Switzerland.
Payment options: Bank wire
Minimum account size: $200
Minimum lot size: 0.1 lot
Spreads: 3 pips (0 pips on ECN) on EUR/USD
Rating: Unrated - Rate Swissnetbroker Broker:
Reviews: Read or write a review on Swissnetbroker broker
Categories: Metatrader Forex brokers, ECN Forex brokers, Forex brokers with advanced platform

Advantages:

  • Metatrader 4 Forex brokers
  • Advanced trading platform (Currenex) available
  • ECN trading services available

Disadvantages:

  • Opening an account is a complicated process

Click here to open an account with Swissnetbroker

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