ECN Forex Brokers

ECN Forex brokers provide Forex traders with a direct access to the other Forex market participants — retail and institutional. This results in some advantages — no anti-scalping, no «stop-loss hunting», very low spreads; and disadvantages — Because an ECN broker consolidates price quotations from several market participants, it can generally offer its clients tighter bid/ask spreads than would be otherwise available to them. ECN brokers charge commissions for Forex trading. ECN stands for Electronic Communication Network and means a network of traders connected via the broker. Such brokers often employ one of the following trading platforms: Currenex Classic, Currenex Viking, MetaTrader 4 ECN, Integral Power Trader.



List of a few ECN brokers.

• 1 Pepperstone. ...
• 2 HotForex. ...
• 3 Admiral Markets. ...
• 4 FP Markets. ...
• 5 Forex.com. ...
• 6 Dukascopy. ...
• 7 Roboforex. ...
• 8 LCG.

Not all traders understand the immediate benefits of trading with an ECN broker, so here is a short list of them:

• There is no conflict of interest between a trader and an ECN broker.
• Better pricing. The chances are that you will be able to get a lower Ask for buying and higher Bid when selling.
• A choice of liquidity providers and commission structure. When you trade a lot, you can negotiate such terms with your broker.
• Access to volume data and traders' sentiment information of your broker's liquidity pool.