ECN Brokers

ECN Brokers

There are two types of brokers in the financial market and those types are the ECN brokers and the market markers. ECN means electronic communications network. Therefore an ECN Broker is a broker which allows direct interaction and facilitation of the different order from difference clients. This is the type of the account which the brokers provide to the traders for the daily trading activities. The execution of the multiple different orders is additional and is very beneficial to the traders. The forex broker who use ECN systems are provided with specific markets for the trading purposes in which different traders trade against each other.

Benefits of ECN Accounts:

Secrecy of Trades:

Safety and the privacy in the forex is the most regarded feature of the market and ECN account is best known for it. This could happen in the ECB market because in this market, a broker and traders is acting as a middle man and is not acting as a marker but as a mere trader like many other traders in the market. Due to this factor, the traders and their trades could not be distinguished in the market.

Trade Continuity:

From an ECN account a trader can trade without the breaks or interruptions and this account could be used to trade even during the news and the events. This continuity of trade allow the volatility of price to be high and this change in the price at high volume could benefit the traders by giving more profits to the trader.

Enhanced Execution:

The traders in the ECN network are allowed to trade directly in their network and thus their capacity to trade is enhanced along with the better execution of the trade orders as they do not require a broker in between to place their order. Therefore an ECN broke is not responsible for the execution of the trades but they only match the orders with the orders of the others. This is done on priority basis as every traders is allowed to enjoy enhanced trade execution.

Demerits Of ECN Account:

High Fee:

The fee of this account is the largest demerit of this account as the commission charges and fee schedule is very high in this type of network and the accumulated sum of the commission becomes larger as there are more trades every day executed by traders. The high commission charges lower the day end profitability of the traders.

Dishonesty:

The market makers can sometime be dishonest as this market is designed in way that every traders can be his own market maker. This allows the opportunity to the traders to crop in the market and thus do dishonesty. There are higher chances that fake traders will enter the market and start high volume traders and thus influence market.

Conclusion:

ECN is one of the most recommended accounts for the starters and the initial traders. ECN account is one of the best and famous platforms for trading due to its connectivity and interactivity. Especially for the new traders this account can earn very high profits in the start and due to this reason this account is every popular in starters and inexperienced traders. If you want to be successful in the market, this is the best account which you should have. Moreover using an ECN account, allows you to enjoy trading features offered by brokers.

ECN Brokers

Accounts

Min Deposit

Min Spread

Commission

Lot Size

Leverage

More Info

PEPPERSTONE

Razor

200USD

0.0 – 0.1 pips

AUD 3.5/100k

0.01 lot

500-1

More Info

DUKASCOPY

ECN

100 USD

0.03 Pips

3.50

0.01 Lot

500-1

More Info

ICMARKETS

ECN True

200 USD

0.03 Pips

3.50

0.01 Lot

500-1

More Info

ALPARI

ECN

1000 USD

0.1Pips

7 USD

0.01 Lot

500-1

More Info

MEXGROUP

ECN PRO

1000 USD

Avg 0.08

No Commission

0.01 Lot

500-1

More Info

FXOPEN

ECN

100 USD

0.08 Pips

15 USD

0.01 Lot

500-1

More Info

AXITRADER

ECN PRO

No Min

0.0 Pip

3.5

0.01 Lot

400-1

More Info

TRIOMARKETS

ECN True

200 USD

0.0 Pip

7 RT

0.01

500-1

More Info

FXPRO

Advanced

500 USD

0.0Pip

5.5 USD

0.01 Lot

200-1

More Info

ADSPRIME

ECN

£5000

0.7 Pips

£7

0.01 Lot

500-1

More Info

TRADINGFOREX

ECN;

200 USD

0.6 Pips

3.5 USD

0.01 Lot

500-1

More Info

AMENDAFX

ECN

500 USD

0.0 Pips

3.5 USD

0.01 Lot

100-1

More Info

ATCBROKERS

ECN

500 USD

0.0 Pips

8 USD

0.01 Lot

200-1

More Info

BELFOREX

ECN

100 USD

0.4 Pips

12 USD

0.01 Lot

400-1

More Info

BACERA

ECN

200 USD

1.7 Pips

3.5 USD

0.01 Lot

400-1

More Info

BULBROKERS

ECN

100 USD

0.0 Pips

4 USD

0.01 Lot

200-1

More Info

CAPPROFX

ECN

500 USD

1 Pips

7 USD

0.01 Lot

1000-1

More Info

DIRECTFX

ECN;

500 USD

0.2 Pips

7 USD

0.01 Lot

400-1

More Info

EXNESS

ECN;

300 USD

0 Pips

5 USD

0.01 Lot

2000-1

More Info

FASTBROKERS

ECN

2000 USD

0.4 Pips

5.80 USD

0.01 Lot

50-1

More Info

FPMARKETS

ECN

1000 USD

0.1 Pips

7 USD

0.01 Lot

500-1

More Info

FX-EDGE

ECN

200 USD

0.2 Pips

8 USD

0.01 Lot

100-1

More Info

FXCC

ECN

100 USD

0.4 Pips

4-15 USD

0.01 Lot

300-1

More Info

FXCLEARING

ECN

1 USD

0.8 Pips

4 USD

0.01 Lot

1000-1

More Info

FXDD

ECN

2000 USD

0.1 Pips

6 USD

0.01 Lot

500-1

More Info

FXFAIR

ECN

1000 USD

0 Pips

8 USD

0.01 Lot

1000-1

More Info

FXGLOBE

ECN

25000 USD

0.2 Pips

8 USD

0.01 Lot

300-1

More Info

FXPRIMUS

ECN

200 USD

0.6 Pips

3.5 USD

0.01 Lot

500-1

More Info

FXOPEN UK

ECN

300 USD

0.0 Pips

3-10 USD

0.01 Lot

500-1

More Info

GDMFX

ECN

200 USD

0.6 Pips

7 USD

0.01 Lot

294-1

More Info

GCMFX

ECN

100000 USD

1.7 Pips

8 USD

0.01 Lot

400-1

More Info

GOMARKETS

ECN

1000 USD

0.8 Pips

7 USD

0.01 Lot

500-1

More Info

HANTECFX

ECN

5000 USD

0.2 Pips

6 USD

0.01 Lot

200-1

More Info

IRONFX

ECN

500 USD

0 Pips

7.50 USD

0.01 Lot

500-1

More Info

TOPFX

ECN

500 USD

0.1 Pips

2 USD

0.01 Lot

500-1

More Info

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