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:
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:
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
|