Top 10 ECN Brokers to Use in 2021

In the world of FX trading, you may have heard of the term ECN brokers.  In short, an ECN broker refers to a financial intermediary that uses ECNs or electronic communications networks to provide clients with direct access to other market participants. ECN brokers can generally offer its clients tighter bid/ask spreads as it consolidates price quotations from several market participants. For the benefit of these traders, we’ve compiled a list of the top 10 forex brokers which use ECN. 

  • IronFX

IronFX is a leading forex broker which provides more than 300 tradable instruments across 6 asset classes including Forex, metals, indices, commodities, futures and shares. It offers 3 trading terminals – MetaTrader4, Webtrader, and PMAM. It is regulated by FCA, ASIC, FSCA and CySEC.

  • FreshForex

Operating since 2004, FreshForex has been in the market since 2004 providing both MT4 and MT5 s trading platforms. It provides different account types including professional ECN accounts. It covers almost all asset classes such as forex, precious metals, stocks, indexes, energy futures and cryptocurrencies. It is regulated by the SVGFSA. 

  • FBS

FBS is a multi-regulated ECN broker which is regulated by IFSC, CySEC, ASIC and FSCA. It has been chosen by more than 17 million traders and 410 000 partners. It has secured mainstream partnerships such as being an official trading partner of FC Barcelona and an official principal partner of Leicester City. It provides six types of trading accounts – Standard, Cent, Micro, Zero, ECN and Cryptocurrency accounts. 

  • FXTM 

FXTM is a multi-assets broker which provides access to Bitcoin, Forex, CFDs, CFDs on Bitcoin, CFDS on Spot metals, Cryptocurrencies via ECN and normal accounts. It is regulated by the CySEC, FCA and IFSC. Since 2011, the broker has been providing unparalleled trading conditions and all-encompassing educational tools for its clients.

  • AMarkets 
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AMarkets is a globally recognised broker operating in the market since 2007. It provides traders with access to 250 trading instruments, including currencies, metals, indices, commodities, ETFs, stocks, bonds, CFDs, and cryptocurrency. Apart from normal trading, it also provides copy trading via its RAMM Copy Trading account. 

  • OctaFX

OctaFX is a forex broker known for offering some of the most famous and most lucrative contests –  whether it’s for IBs, traders, or demo users. OctaFX is also known for winning almost 35 accolades including being named the Best Forex Broker in Asia (2020). 

  • FP Markets

FP Markets is an Australia-based global CFD and forex broker operating since 2005.  Regulated by both the ASIC and CySEC, the broker is known for providing safe trading access to CFDs across equities, Forex, indices, commodities, futures and cryptocurrencies. It is also one of the most traded cryptocurrencies including: Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin. 

  • FXCC

FXCC is one of the leading STP/ECN brokers founded in 2010. It specialises in CFDs and forex and delivers cost-effective trading opportunities to retail clients who wish to trade across a wide range of products. With a license from CySEC, the broker is not a dealing desk broker as client trades are executed with counter-parties. 

  • Kiexo

Based out of St. Vincent and the Grenadines, Kiexo is a relatively new ECN broker which gives access to currencies, commodities, energies, stocks, indices, digital currencies for trading on MetaTrader5. The broker focuses on providing a comprehensive trading experience with three charts types with direct trading from the charts, six spending order types, 38 built-in indicators and 37 graphical objects. 

  • Grand Capital
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Grand Capital is an international brokerage firm in existence since 2006. The broker offers 500+ instruments including forex, CFD on shares, metals, indices, Bitcoin and other cryptocurrencies. It has more than half a million clients from across 188 countries. 

Final Thoughts

Electronic communication networks provide investors a way to trade outside traditional trading hours, providing a mechanism for those who either can’t be actively involved during normal market times. Traders should always look for ECN brokers as they are efficient and rarely cause connection problems. The above brokers all have this feature and are highly rated by the forex community. 

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