ECN/STP Brokers

 

List of Brokers who offer ECN/STP Accounts

Learn how an ECN broker operates

ECN broker is a type of forex broker whose business model operates on passing traders’ orders straight to the liquidity providers. It is often referred to as straight through processing as well.

ECN or electronic communications network are types of mini networks where trading activity takes place. Think of ECN’s as small groups of a circle of friends who trade baseball cards. The buying and selling is usually within this group with the exception of some big buyers and sellers (liquidity providers) who can dip into multiple groups or ECN’s.

As a retail trader your orders are classified as 'sell side' while the liquidity providers are classified as 'buy side' (not to be confused with going long or short/buy or sell).

An ecn broker facilitates trades between the retail trader and the liquidity provider which is the counter party to your trades. Unlike a market maker model where the forex broker fills your orders by taking an opposite position, an ecn broker merely matches your buy/sell orders with that of the liquidity providers. The main benefit of trading with an ecn broker is that there is no conflict of interest. In return for this 'service' the retail trader either pays a commission or a spread mark up, or at times both.

The following comparison table below at Allfxbrokers.com shows you the list of ecn brokers and the trading conditions, starting from minimum deposit, leverage to fees such as spreads and commissions.

If you are looking to trade with an ecn broker, pay attention to whether firstly the minimum deposit requirements matches your trading capital and then look at the fees. It is ideal to choose an ecn broker that charges only a commission or only a spread mark up. Of course, needless to say, cheaper the costs, better it is for the retail trader. Traders should also bear in mind that the minimum deposit is usually higher when trading with an ecn broker, compared to a market maker.

 

Forex Broker Name Minimum Deposit Maximum Leverage Minimum Lot Size Spread on EURUSD Commission Fees
$10000 400/1 0.01 1.5 NO 1order++
$10000 300/1 0.1 0 Minimum + 0.2 Average - 7order++
$1 500/1 0.01 0.1 ECN Account (per 1 mln From $20 - $4), FXTM ECN MT5 ($2 per lot), Amanah Account (Profit Sharing From 7% - 2%) 92order++
$100 200/1 0.01 0 $7 per $100,000 round turn order++
$500 500/1 0.1 1.5 Pips to 1.5 pips NO order++
$50 2000/1 0.01 1.0 pip NO order++
$250 500/1 0.01 0.8 Minimum ECN - $35 per 1 mill (per side), Admiral.Prime - USD 3 per 1.0 lots, Admiral.MT5 - 0.003% of volume traded order++
$200 500/1 0.01 0.0 Minimum Standard Account: Commission free FX 8bps on UK shares, 7bps European shares, 2 cents per share on US shares / ECN Account: $35.00 per million US dollar traded order++
$1000 400/1 0.01 0.8 Average - order++
$500 200/1 0.1 3.0 NO order++
$300 1000/1 0.01 0.1 $4 per 1 std. lot on ECN Account order++
$1000 100/1 0.01 0.3 Minimum + 1.5 Average $5 per lot order++
- - - - PRO STP $15, PRO STP $10, PRO STP $5 order++
$5000 100/1 0.05 0 Minimum to 0.5 on average 30.00 USD Per Side order++
$50 100/1 0.01 0.8 Minimum $8 RTL on ECN Pro order++
$1000 200/1 0.01 0.1 Minimum + 0.3 Average 5 USD / 1 lot on ECN Account order++
$2000 400/1 0.01 0.1 – 1.0 Pips 7.00 roundturn/lot order++
$2500 400/1 0.01 0.4 Minimum | 0.9 Average Up to $8.00, as low as $4.00 order++
$1000 200/1 0.01 0.6 Minimum $6 order++
$2000 500/1 0.01 0.1 Minimum $6 Round Turn order++
order++
$250 200/1 0.05 0.1 Minimum order++
$1000 200/1 0.01 0.6 Per Round Trade $5 commission order++
$200 100/1 0.01 0.6 $8, $7.50 or $7 (round turn) order++
$1000 200/1 0.01 0.6 Minimum + 1.5 Average NO commission for forex pairs order++
$2000 200/1 0.01 0.6 + 1.0 average $6 order++
$1000 200/1 0.01 0.2 Minimum 0.4 Average Pro Trade: $2 per 100k USD traded, Institutional: $1.75 per 100k USD traded order++
$500 200/1 0.10 3.0 NO Fees order++
$200 200/1 0.01 1.0 - order++
$5000 200/1 0.01 0.2 order++
$100 300/1 0.01 0.2 pips Basic Spread Decreasing commission depending on Deposit, Equity and Traded Volume. order++
$25000 100/1 0.01 0.1 Minimum $1.5 per side on xLeverage Account, $2.5 per side on Innovative Liquidity Connector Account order++
$100 400/1 0.01 0.1 Minimum + 0.3 Average Not Specified order++
- - - - NO order++
$300 200/1 0.01 0 $25 per 1 million order++
$500 (Unlimited Account) 500/1 0.1 0.2 Minimum (Unlimited Account) $20 for 1 standard Lot On Zero Spread order++
$300 400/1 0.01 0 Minimum + 0.2 Aveage 0.003% from the amount of a transaction for MT4 NDD & cTrader STP, till 100 million - $30 for a million USD, from 100 million to 250 million - $25 for a million USD, >250 million - $20 for a million USD for MT5 NDD order++
$1000 200/1 0.01 0.0 Minimum + 0.2 Average ECN Classic $15, ECN Pro $12, ECN Gold $10 order++
$200 200/1 0.01 0.00 Pips Minimum Micro & ECN: $4 per $100k & VIP Accounts: $2.5 per 100k. No commissions on Islamic and Standard STP Accounts order++
$200 500/1 0.01 from 0 fom 1.8 to 5 units of base currency per 1 lot order++
- - - - 2 pips order++
$100 100/1 0.1 0.1 + 0.7 1.5$-9$ order++
$1000 AUD or equivalent 500/1 0.01 0.1 Minimum + 0.4 Average AUD $3.5 per 100,000 order++
$200 100/1 0.1 0.9 + 1 - order++
$50 200/1 0.01 0 min, max average 0.2 0.002% order++
$1.75 - $3.25 order++
$500 1000/1 0.01 0.6 Minimum - order++
$25 500/1 0.01 lot 0.0 pips Minimum REAL ECN Account (ECN) - $2 per $100,000 traded, PRIME Account (VIP) - $1.6 per $100,000 traded order++
- - - - 35$ per 1 million order++
$500 200/1 0.01 1.7 $18/Lot Starting order++
$5000 300/1 0.01 0.0 Negotiable order++
$100 200/1 0.01 0.1 minimum $12 per standard lot traded order++
1000 AUD 500/1 0.01 (1000 currency units) 0.1 pips Starting (floating) Micro ECN - 5 units of base currency per lot traded one-way, standard ECN - 2.5 units of base currency per lot traded one-way, VIP ECN - 1.8 units of base currency per lot traded one-way order++
$1000 500/1 0.1 0.1 minimum + 0.1 average 2.5 units of base currency per lot traded one-way order++
$1500 500/1 0.01 0 pips Starting 1.8 per 1 loton VIP, 1.5 per 1 lot on Standard & ECN, 5 per 1 lot on Mini order++
$5000 100/1 0.05 0.00 $6 per Lot order++
$0 500/1 0.01 1.8 Minimum 0.005% order++
$1000 200/1 0.10 0.8 Negligible order++
$2000 200/1 0.01 0.1 Minimum + 0.2 Average $3/lot per side order++
$10000 100/1 0.01 0 pip Minimum $20 per $1million traded "Classic" STP Account, USD 2 for 100,000 (1 Lot) ECN account, $20 per $1million traded VIP Account order++
$200 200/1 0.01 0.4 Average $7 per lot order++
$500 200/1 0.01 0.4 Minimum $7 per 100k round turn order++
- - - - NO order++
$1000 100/1 0.01 0.4 point starting Standard (FX: $0, CFD: $15, CFD STOCK USA: 0.1%), ECN ($5), Swap Free (CFD: $15, CFD STOCK USA: 0.1%) order++
$4000 400/1 0.01 0.7 Minimum + 1.2 Average NO order++
$250 400/1 0.01 0.7 Minimum Negotiable order++
$5000 200/1 0.1 0.2 Minimum Report not found order++
$1000 500/1 0.01 0.0 pips starting, Market 0.002% order++
$200 500/1 0.01 0.1 Average $7 per lot order++
$2500 200/1 0.1 0.5 Minimum + 1.2 Average order++
order++
$500 500/1 0.01 0 Professional - $7.5/Lot on FX; Gold $10/Lot ECN, $18/Lot on EUR/USD Zero Fixed Spread order++
$1000 400/1 0.01 0.0 minimum, 0.2 average 1.0 Day Trader, 0.7 Pro Trader order++
$10000 200/1 0.01 0.8 Minimum + 1.2 Average - order++
$1 500/1 0.01 0.36 $2.5 / Lot per side order++
$2000 200/1 0.1 0.4 Minimum + 0.6 Average No free on trading order++
$500 300/1 0.01 0.1 Average ECN - $7 per 100k, VIP - $5 per 100k order++
$1 200/1 0.1 0.0 Minimum + 0.3 Average 1.8 EUR base currency order++
$10 1000/1 0.1 0.5 Minimum $10 per 1.0 lots - M.Pro and ECN Accounts order++
NO order++
$10 500/1 0.01 0 pips Minimum $15 per Standard lot order++
$5000 400/1 0.05 0.1 order++
$1000 100/1 0.1 0.2 ECN: 0.004 % per lot commission, Crypto-accounts: 0.5% per lot commission order++
$3000 300/1 0.01 1.1 $40 per 1 million on ECN and $70 per 1 million on NSFX Pro order++
$50 500/1 (Up to) 0.01 0.0 pips (Starting) - order++
$500 300/1 0.1 0.6 (As low as 0.6 Pip) $15 Commission on futures, $10 Commission on ECN Standard Accounts, $6 Commission on ECN Advanced Accounts order++
$1000 100/1 0.01 0.5 pips 1% for PFDPro order++
order++
order++
$200 400/1 0.01 0.1 $7 order++
$1 500/1 0.1 0.1 + 0.4(Average) Just 0.3pip for both sides. order++
$10000 300/1 0.50 0.8 NO order++
$200 400/1 0.01 0 pips Starting 11.5 $ for standard ECN account and 8.5 $ for Vip account order++
- - - - NO order++
$250 300/1 0.01 0.2 minimum up to 0.8 spread from $4 order++
$1000 AUD 500/1 0.01 0.2 Rate per 100K Round/Turn = USD $6 per lot (ECN A/C only) order++
$1 500/1 0.01 3.0 0,015% per 1 lot order++
$2000 400/1 0.01 0.0 Minimum Size (Millions of USD) Commission (USD per Million) 20, Size (Millions of USD) Commission (USD per Million) 25, Size (Millions of USD) Commission (USD per Million) 30, Size (Millions of USD) Commission (USD per Million) 40 order++
$250 400/1 0.01 0.0 6$ RT Per Lot order++
2 per side order++
$100 400/1 0.01 1.5 $8 commission per round lot on ECN PRO account order++
$200 500/1 0.01 0.0 + 1.0 $3.5 per lot order++
- - - - - order++
$500 200/1 0.01 0.5 NO order++
$100 300/1 0.01 0.7 Minimum + 1.1 Average $10 on Novo ECN, $8 on Novo ECN PRO and $6 on Novo ECN VIP order++
$1000 100/1 0.1 0.0 Minimum $2.50 Commission (per side) on ILC (Innovative Liquidity Connector) Account order++
$259 400/1 0.01 3 order++
$10000 100/1 0.01 1.8 Minimum $6/€6 on EUR/USD order++
$5000 400/1 0.1 0.7 Minimum +1.8 Average Commission on Prime accounts is charged only when a trading position is opened. The commission fee shall be taken at the beginning of each month at the highest level, and , if further trading positions are opened during the month, the commission fee will automatically be adjusted to reproduce the volumes traded. order++
$200 200/1 0.01 lots 0.0 Pips Minimum $2 per $100k Round Trip order++
$5000 400/1 1.0 2.0 NO order++
$1000 200/1 0.1 0.1 Minimum $7 and $15 order++
$50000 100/1 0.01 1.5 Minimum $10 per standard lot (For CFDS) order++
$5000 100/1 0.1 0 Minimum + 0.2 Average $3.5/lot on ECNpro Account | From $2/lot on PRIME Account order++
$1000 100/1 0.01 0.1 $4 per round turn on ECN order++
- - - - NO order++
$1 200/1 0.01 0.8pips Min. of EURUSD order++
$500 500/1 0.01 0.0 $/€7 per lot (round turn) - ECN, $/€5 per side Per lot - Rebate & Scalper A/Cs, $/€3.5 per side Per lot - PRO A/Cs order++

ADVERTISEMENT

Forex Brokers Listed