Best ECN Brokers in Forex for 2024

Last updated Feb 15, 2024
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

An ECN broker is an online platform that connects individual traders directly with other market participants in real-time. This means there are no dealing desks or intermediaries in this process. Thanks to direct connections to liquidity providers such as banks and other financial institutions, ECN brokers can offer traders more competitive spreads and higher execution speeds than traditional brokers. Moreover, they provide access to a broader range of markets and more sophisticated trading tools than other accounts.

For those looking to maximize their trading outcomes, finding the right Forex ECN broker is crucial. ECN brokers have many advantages over other brokers and can give traders a clear edge when achieving success in their trading endeavors. This article will provide a list of Forex ECN brokers you should consider when choosing the best option for your needs.

Top 10 Best ECN Brokers of 2024

Логотип IC Markets
1
Foundation Year
2007
Minimum Deposit
$ 200
4.7/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsIC Markets review18 reviews about IC Markets
Логотип Pepperstone
2
Foundation Year
2010
Minimum Deposit
$ 1
4.6/5
Register81.7% of retail investors lose money when trading CFDs with this brokerPepperstone review31 reviews about Pepperstone
Логотип Vantage
3
Foundation Year
2009
Minimum Deposit
$ 50
4.5/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsVantage review
Логотип Roboforex
4
Foundation Year
2009
Minimum Deposit
$ 10
4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRoboforex review34 reviews about Roboforex
Логотип AMarkets
5
Foundation Year
2007
Minimum Deposit
$ 100
4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsAMarkets review
Логотип Exness
6
Foundation Year
2008
Minimum Deposit
$ 10
4.3/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsExness review
Логотип FXOpen
7
Foundation Year
2004
Minimum Deposit
$ 1
4.2/5
Register58-60% of retail investors lose money when trading CFDs with this brokerFXOpen review
Логотип Dukascopy Bank SA
8
Foundation Year
2010
Minimum Deposit
$ 1000
4.2/5
Register75.2% of retail investors lose money when trading CFDs with this brokerDukascopy Bank SA review
Логотип FXTM
9
Foundation Year
2011
Minimum Deposit
$ 10
4.1/5
Register75% of retail investors lose money when trading CFDs with this brokerFXTM review
Логотип Alpari
10
Foundation Year
1998
Minimum Deposit
$ 20
4.1/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsAlpari review5 reviews about Alpari

We understand how crucial it is for traders to find the right broker, so we have compiled a comprehensive list of leading Forex ECN brokers that stand out for their trading conditions, customer service, and commission fees.

Our team of experts has thoroughly analyzed all these Forex brokers to ensure they meet all the requirements for safe and reliable trading. Therefore, if you are looking for an experienced ECN broker who can provide you with competitive spreads and fast execution speed while keeping your funds secure, consider this complete list of the best Forex ECN brokers.

1. IC Markets

Логотип IC Markets
1
4.7/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsETFPrecious MetalsEnergy CarriersAgricultural Commodities
Trading Platforms
MetaTrader 5MetaTrader 4cTrader
Deposit/withdrawal:
Логотип PayPal
Логотип Neteller
Логотип Skrill
Логотип Bpay
Логотип FasaPay
Логотип Klarna
Логотип Swift
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип UnionPay
Логотип POLi
Логотип Rapidpay
compare IC Markets trading accounts

IC Markets is suitable for traders looking for low spreads and ECN accounts and the ability to scalp and use expert advisors.

Advantages of IC Markets

  • Regulation. IC Markets is regulated by two serious financial regulators, ASIC and CySEC, which guarantees client funds protection and trading conditions fairness.
  • A wide range of trading instruments. IC Markets clients can trade various assets, including currency pairs, stocks, indices, commodities, and cryptocurrencies.
  • Low spreads. IC Markets offers some of the lowest spreads on the market, making trading more accessible and cost-effective.
  • MetaTrader and cTrader platforms. These platforms are widely recognized for their advanced trading features and analysis tools.
  • Educational materials. The broker offers high-quality training materials suitable for beginners and experienced traders.
  • Efficient customer support service. IC Markets clients note the high level of customer support service, which responds quickly and professionally to problems and questions.

Disadvantages of IC Markets

  • High minimum deposit. The entry threshold for opening a trading account with IC Markets is relatively high and may be inconvenient for novice traders or those who do not want to invest large sums at once.
  • A limited number of withdrawal options. The options for withdrawing funds from IC Markets are limited, which may cause inconvenience, especially for clients who prefer specific payment systems.

2. Pepperstone

Логотип Pepperstone
2
4.6/5
Register81.7% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyETFStocksPrecious MetalsEnergy CarriersAgricultural Commodities
Trading Platforms
MetaTrader 5MetaTrader 4cTraderTradingView
Deposit/withdrawal:
Логотип Neteller
Логотип PayPal
Логотип Skrill
Логотип Swift
Логотип Visa
Логотип Mastercard
compare Pepperstone trading accounts

Pepperstone suits traders seeking a wide choice of platforms, tight spreads, and numerous trading instruments.

Advantages of Pepperstone

  • Wide selection of trading platforms.
  • Tight spreads and favourable trading conditions.
  • Numerous regulatory licenses.
  • A large number of trading instruments, including over 600 CFDs on stocks.

Disadvantages of Pepperstone

  • Lack of diversity in types of trading accounts.
  • Withdrawals are only available via bank transfer, which can prolong the process for an extended period.

3. Vantage

Логотип Vantage
3
4.5/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesStocksBondsETFPrecious MetalsEnergy CarriersAgricultural Commodities
Trading Platforms
MetaTrader 5MetaTrader 4Premium Trader
Deposit/withdrawal:
Логотип Bpay
Логотип Neteller
Логотип Skrill
Логотип AstroPay
Логотип FasaPay
Логотип Swift
Логотип Visa
Логотип Mastercard
Логотип JCB
Логотип UnionPay
Логотип POLi
compare Vantage trading accounts

Broker Vantage is suitable for intermediate and advanced traders looking for diversity in instruments and platforms.

Advantages of Vantage

  • Wide range of trading instruments. Many available markets and products include currency pairs, indices, and metals.
  • Diversity of trading platforms. Availability of various platforms, including mobile app, MetaTrader 4, MetaTrader 5, and ProTrader.
  • Free VPS. Provision of free VPS of severe traders.
  • Extensive analytical tools. Various market analysis tools are available, including correlation matrices, trading signals, etc.
  • Educational materials. Availability of webinars, articles, and other educational resources.

Disadvantages of Vantage

  • Variable quality of technical support. Some clients complain about low efficiency and speed of service.
  • Absence of cryptocurrencies. Cryptocurrencies are missing from the trading instruments.

4. RoboForex

Логотип Roboforex
4
4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesStocksETFPrecious MetalsEnergy CarriersAgricultural CommoditiesFutures
Trading Platforms
MetaTrader 5MetaTrader 4R WebTraderR MobileTraderR StocksTrader
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип AdvCash
Логотип Perfect Money
Логотип Касса24
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип JCB
compare Roboforex trading accounts

Roboforex is suitable for both beginners and professional traders, thanks to its impeccable reputation, reliability, and fair conditions.

Advantages of Roboforex

  • A variety of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and R StocksTrader.
  • Over 12,000 trading instruments, including currency pairs, stocks, indices, ETFs, commodities, metals, and cryptocurrencies.
  • Different types of accounts for traders of all experience levels, including accounts with ECN and STP access.
  • Competent 24/7 customer support.
  • Loyalty programs and bonus offers for clients.
  • Low spreads and commissions, as well as the ability to trade with high leverage.

Disadvantages of Roboforex

  • Regulation in an offshore jurisdiction.
  • Beginner traders may find a lack of educational materials.

5. AMarkets

Логотип AMarkets
5
4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsPrecious MetalsEnergy CarriersAgricultural Commodities
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип Perfect Money
Логотип Neteller
Логотип FasaPay
Логотип Bank Transfer
Логотип Система быстрых платежей (СБП)
Логотип Visa
Логотип Mastercard
Логотип Мир
Логотип HUMO
compare AMarkets trading accounts

AMarkets is suitable for independent traders and investors due to various accounts, narrow spreads, and the possibility of engaging in copy trading.

Advantages of AMarkets

  • A wide range of trading instruments, including currencies, stocks, indices, commodities, and cryptocurrencies.
  • Extensive analytical capabilities using modern tools and trading robots.
  • No commissions on many operations.
  • Convenience and simplicity of opening an account and managing it.

Disadvantages of AMarkets

  • Not the most extensive educational materials. The broker offers essential resources such as a blog and FAQ but lacks deeper educational content such as webinars, courses, etc.
  • The broker does not offer a trading platform, which may disadvantage those seeking a unique trading solution.
  • On some assets, spreads are higher than those of competing Forex brokers.

6. Exness

Логотип Exness
6
4.3/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 4MetaTrader 5
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип Perfect Money
Логотип Visa
Логотип Mastercard
compare Exness trading accounts

Exness is suitable for traders looking for a reliable broker with a decent selection of trading accounts and platforms.

Advantages of Exness

  • Wide selection of accounts. Broker offers various types of accounts suitable for traders of different experience levels and needs.
  • Instant fund withdrawal. Fast crediting and withdrawal of funds using various payment systems.
  • Multilingual support. 24/7 support in 16 languages.
  • Variety of trading platforms. Availability of mobile app, web terminal, and popular MetaTrader platforms.
  • Analytical tools. Access to Dow Jones news, economic calendar, and analytics from Trading Central.

Disadvantages of Exness

  • Limited selection of educational materials. Lack of webinars, videos, and other educational resources.
  • Average selection of markets and products. Absence of soft commodities, with the overall number of CFDs being average.
  • Deposit fees. Some deposit methods incur fees.
  • No bank transfer and cryptocurrencies. The absence of these payment methods may not suit some traders.

7. FXOpen

Логотип FXOpen
7
4.2/5
Register58-60% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Regulators:
Trading Assets
ForexPrecious MetalsIndicesStocksETFCryptocurrencyEnergy Carriers
Trading Platforms
MetaTrader 4MetaTrader 5TickTrader
Deposit/withdrawal:
Логотип WebMoney
Логотип AdvCash
Логотип FasaPay
Логотип Visa
Логотип Mastercard
Логотип JCB
Логотип Discover
compare FXOpen trading accounts

Broker FXOpen is suitable for professional traders and scalping enthusiasts but may not be ideal for beginners due to the lack of training.

Advantages of FXOpen

  • Regulation. FXOpen is a regulated broker with licenses from various financial regulators such as FCA (UK), CySEC (Cyprus), and ASIC (Australia), ensuring reliability and security of client funds.
  • Wide range of trading instruments. FXOpen offers a broad spectrum of trading assets, including currency pairs, CFDs on stocks, indices, commodities, and cryptocurrencies.
  • Low spreads and commissions. FXOpen provides competitive spreads and commissions on its trading accounts, making trading on this platform more profitable for traders.
  • Support for various trading platforms. FXOpen provides access to popular trading platforms such as MetaTrader 4 and MetaTrader 5, as well as its proprietary platform TickTrader, allowing traders to choose the most convenient platform for their needs.

Disadvantages of FXOpen

  • No fixed spreads. FXOpen offers only floating spreads, which can create certain difficulties for traders who prefer more predictable trading conditions.
  • Lack of educational materials. The broker does not offer educational materials, webinars, and courses that could help traders develop and improve their knowledge in Forex trading.

8. Dukascopy Bank SA

Логотип Dukascopy Bank SA
8
4.2/5
Register75.2% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyETFStocksBondsPrecious MetalsEnergy CarriersAgricultural Commodities
Trading Platforms
MetaTrader 4JForex
Deposit/withdrawal:
Логотип Apple Pay
Логотип Skrill
Логотип Neteller
Логотип Swift
Логотип SEPA
Логотип Visa
Логотип Mastercard
compare Dukascopy Bank SA trading accounts

Dukascopy Bank SA is suitable for traders looking for a reliable partner with a wide range of services and secure tools for trading in financial markets.

Advantages of Dukascopy Bank SA

  • Wide range of trading instruments. A large number of currency pairs, CFDs on stocks, indices, cryptocurrencies, and other products.
  • High-quality trading platforms. Offers its own JForex platform with many features, as well as supports the popular MetaTrader 4 platform.
  • Quality technical support. Fast and professional customer service through various communication channels.
  • Diverse analytical tools. Includes fundamental and technical analysis, news feed, economic calendar, etc.

Disadvantages of Dukascopy Bank SA

  • Fees for deposit and withdrawal. High commissions for some deposit and withdrawal methods.
  • Limited leverage. Not the highest leverage, which may not satisfy some traders.
  • Insufficient educational materials. Lack of regular seminars and infrequent webinars, which may limit learning opportunities for new traders.

9. FXTM

Логотип FXTM
9
4.1/5
Register75% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Regulators:
Trading Assets
ForexIndicesPrecious MetalsEnergy CarriersStocks
Trading Platforms
MetaTrader 4MetaTrader 5
Deposit/withdrawal:
Логотип Skrill
Логотип FasaPay
Логотип WebMoney
Логотип YooMoney
Логотип Qiwi
Логотип Perfect Money
Логотип PayRedeem
Логотип Visa
Логотип Mastercard
Логотип Maestro
Логотип Альфа Банк
Логотип Dotpay
compare FXTM trading accounts

Broker FXTM is suitable for traders looking for a variety of trading instruments and accounts, but who are willing to tolerate some shortcomings in support and wide spreads.

Advantages of FXTM

  • A wide range of trading instruments. A large number of currency pairs, stocks, metals, and other products.
  • Low commission per transaction. Advantage account is cost-effective for traders.
  • Availability of popular trading platforms. Support for MT4 and MT5 across various devices.
  • Availability of educational materials. There are e-books, videos, and recorded webinars.
  • A variety of deposit and withdrawal methods. No commission for deposit and many available currencies.

Disadvantages of FXTM

  • Issues with technical support. Ambiguous reviews and delays in responses.
  • High spreads. Compared to competitors, FXTM has higher spreads on the commission-free account.

10. Alpari

Логотип Alpari
10
4.1/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyPrecious MetalsEnergy CarriersStocks
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип Perfect Money
Логотип VLoad
Логотип AdvCash
Логотип WebMoney
Логотип Касса24
Логотип Neteller
Логотип Wallet One
Логотип Skrill
Логотип TC Pay
Логотип Swift
Логотип Visa
Логотип Mastercard
compare Alpari trading accounts

Alpari is suitable for both beginners and professional traders, thanks to a wide selection of accounts, instruments, and educational programs.

Advantages of Alpari

  • A wide range of trading accounts. Broker Alpari offers a variety of trading accounts suitable for different types of traders and investors.
  • Flexible conditions for depositing and withdrawing funds. Broker Alpari provides flexible and competitive conditions for depositing and withdrawing funds.
  • Diversity of trading platforms. Alpari offers a variety of trading platforms that meet the needs of most traders.
  • Effective technical support. Alpari provides user support at all stages of service.

Disadvantages of Alpari

  • Licensing. Licensing in the Comoros does not provide the same level of investor protection as in countries with stricter regulators.
  • Fees for fund withdrawal and inactivity charges. Alpari may charge fees for fund withdrawal and inactivity, which can be off-putting for some clients.
  • Limited choice in terms of different asset classes. Although broker Alpari offers a wide selection of assets for trading, some competitors offer a greater variety in terms of different asset classes.

How is the Best ECN Brokers List Compiled?

In compiling the list of the best ECN brokers, the following critical criteria were considered, reflecting the specifics of working with ECN platforms:

  1. The list only includes brokers that offer ECN services or have ECN accounts. This ensures that every broker in the list specializes in providing direct access to the interbank market, which is a crucial advantage of the ECN model.

  2. The ranking of ECN brokers is based on our own Forex brokers list. This rating is based on a comprehensive analysis of service quality, reliability, trade execution, and other essential factors.

  3. The assessments given to brokers are derived from our methodology. This methodology includes a detailed analysis of various aspects of their activities, including commission transparency, trade execution quality, the level of customer support, and overall reliability.

These criteria ensure that the brokers on our list offer quality and reliable ECN services, which are critically important for professional traders in the Forex market.

What are ECN and NDD?

ECN (Electronic Communication Network) and NDD (No Dealing Desk) are two types of Forex brokerage accounts that differ from traditional DD (Dealing Desk) or MM (Market Maker) accounts.

ECN accounts provide traders with direct market access, connecting liquidity providers and enabling market participants to obtain the best prices for buying and selling currency pairs. Thus, transactions on ECN accounts do not go through a dealer or broker, ensuring no conflict of interest.

NDD accounts also provide direct market access, but unlike ECN accounts, they may use STP (Straight Through Processing) technology, allowing brokers to send client orders for execution through liquidity providers, maintaining transparency and fairness in execution. NDD accounts also avoid conflicts of interest between the broker and the client.

Both accounts offer fast order execution, low spreads, and no requotes, making them attractive to traders who value honesty and transparency in Forex trading. However, ECN accounts may have higher transaction fees than NDD accounts.

Liquidity providers for both accounts can be significant banks, hedge funds, market makers, and other financial institutions.

It's important to note that some brokers may label their accounts as ECN or NDD but still use Dealing Desk technology, so it's crucial to thoroughly research a broker's trading conditions and reputation before making a choice.

How Does an ECN Broker Work?

An ECN broker is a company that connects traders with other participants in the financial market through an Electronic Communication Network (ECN). Orders and requests to buy or sell assets are sent directly to the interbank market, where they find counterparts among other participants. Thus, an ECN broker is not a dealer and does not counteract its clients but provides access to the market without the need to go through a dealing desk.

Clients of an ECN broker have access to the liquidity of the interbank market, where they can engage in trading, receive quotes without delays, and monitor the real-time market situation. An ECN broker has no interest in whether a client loses or earns from trading, as their revenue comes from the commission charged for providing services to their clients. Therefore, ECN brokers typically do not counteract traders and do not manipulate prices.

ECN Broker Commissions

ECN brokers typically charge a commission for trading on their accounts. This commission can vary depending on the volume of trading operations and may be expressed in percentages or dollars per lot. Some ECN brokers may also charge a fee for fund withdrawals or inactivity on the account. Additional fees may also be for using specific tools or services, such as expedited order execution or access to premium instruments. To learn about particular commissions at an ECN broker, it is recommended to refer to the official sources of information on the broker's website or contact their customer support.

Who is Suitable for an account with ECN Brokers?

An ECN account suits traders and investors who prefer direct market access, minimal spreads, and fast order execution. ECN brokers provide direct access to the interbank market, allowing traders to trade at the best prices available in the market.

ECN accounts are also ideal for traders who trade in large volumes and require high liquidity. Additionally, there are no conflicts of interest between the trader and the broker on ECN accounts, as client orders are processed through the interbank market, making trading transparent and fair for all participants.

However, it is worth noting that ECN accounts may not be suitable for beginner traders, as they require a certain level of knowledge and experience for effective trading.

Pros and Cons of an ECN Broker

Advantages

  1. Direct Access to Liquidity: ECN brokers provide their clients real-time direct access to market liquidity. This means that traders can trade with the best prices offered by various liquidity providers in the market.
  2. Narrow Spreads: ECN brokers typically have minimal spreads, meaning traders can get more favorable quotes for entering and exiting the market.
  3. Fast Order Execution: ECN brokers use NDD (No Dealing Desk) technology, meaning a trader's order is executed instantly without delays.
  4. Anonymity: ECN brokers ensure the anonymity of market participants. This means traders can trade on the market without disclosing their names or personal details.
  5. No Conflict of Interest: ECN brokers are not interested in clients losing their deposits, as they are not counter-parties to their users. Instead, they earn from commissions, which means it is not in their interest for their traders to lose money.

Disadvantages

  1. Commissions: Unlike traditional brokers, ECN brokers usually charge commissions for trading on their platforms.
  2. High Deposit Requirements: Many ECN brokers require deposits that are significantly higher than those of traditional brokers.
  3. Complexity of Use: ECN brokers typically offer more complex trading platforms and tools than traditional brokers, which can be challenging for beginners.
  4. Risk of Liquidity Loss: In some cases, ECN brokers may face issues with market liquidity loss, which can lead to price slippage during order execution.

Comparison of STP and ECN Accounts

ECN (Electronic Communication Network) and STP (Straight Through Processing) are two different types of brokerage accounts in the financial markets, each with its own characteristics.

STP brokers pass client trades to external liquidity providers to offer direct market access without intermediaries. At the same time, ECN brokers aggregate their clients' orders with those of other market participants, creating a more liquid and deeper trading environment.

Here are the main differences between STP and ECN brokers:

ParameterECNSTP
Level of LiquidityDirect access to interbank liquid poolsA limited number of liquidity providers, no interbank access
Nature of Order ExecutionOrders interact with each other based on supply and demandOrders are sent directly to the market
SpreadOnly variable spread. It can be very low during periods of high liquidityHigher fixed or variable spread
CommissionsBrokers charge commissions for trading operationsBrokers may use different pricing models, including commissions and/or spreads
Minimum DepositHigherLower

How to Open an ECN Account with a Forex Broker - A Step-by-Step Guide

  1. Select a broker that offers ECN accounts. Their website usually indicates this in the 'Account Types' or 'Order Execution Technology' section.
  2. Register an account on the broker's website. You may need to provide personal information such as your full name, email address, phone number, and more.
  3. Verify your identity. Brokers typically require uploading a copy of your passport or other identity document to confirm your identity.
  4. Fund your account. Choose a payment method and deposit funds into your account.
  5. Open an ECN account. Go to the 'Open Account' section on the broker’s website and select the type of account you need. Then, enter the required information and confirm the account opening.
  6. Set up your trading terminal. If you are familiar with the trading terminal, setting it up for an ECN account will be straightforward. If not, refer to the user guide or training materials usually provided by the broker.
  7. Start trading. Once your ECN account is verified and funded, you can begin trading.

Note that the steps may vary slightly depending on the broker with whom you are opening an ECN account. To avoid any issues, familiarize yourself with the requirements and instructions of your broker before opening an account.

Conclusion

ECN brokers offer their clients a more transparent and reliable environment for trading in the financial markets. Thanks to electronic communication networks and direct access to interbank liquidity pools, traders can access more favorable trading conditions. Additionally, ECN brokers typically do not have a conflict of interest with their clients, as they are not dealing desks and are not interested in opposing trades.

However, it should be noted that ECN accounts may be less suitable for beginner traders due to their more complex technical structure and higher commissions. Furthermore, due to the direct access to interbank liquidity pools and the lack of spread regulation, traders may sometimes face higher volatility and the risk of slippage.

ECN brokers can be a good choice for experienced traders looking for better trading conditions and willing to pay extra commissions. But when choosing an ECN broker, it is always essential to ensure their reliability, licensing, and reputation in the market.

Nikolay Zavarov - Author
Nikolay ZavarovAuthor

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.