ECN Forex Brokers – ECN stands for Electronic Communications Network. Essentially, what an ECN broker does is connect users within this network so they can trade assets in this network, and directly with the financial markets. It effectively expedites the order execution process, and makes it much more direct at the same time. Due to this, a real ECN forex broker is considered as being both an STP (Straight Through Processing), and NDD (No Dealing Desk), all thanks to the fact that ECN execution provides no interference with the trading process whatsoever.
Platforms: cTrader desktop, cTrader web, MT4, MT5 Regulations: MIFID-ESMA, CYSEC, Offshore Minimum Deposit: 10
RoboForex is a large broker, originally from New Zealand, but divided into two main branches, one for Asia and Southeast Asia, one for Europe. The European part is in fact based in Cyprus. RoboForex is one of the forex brokers offering the chance to start with a cent account, ideal for those starting out, keeping the risks as low as possible. In this case, however, it’s a dealing desk execution. For the other accounts, instead, an excellent STP ECN system is provided. These are great options from a CySEC and IFSC regulated broker where you can open an ECN cTrader account from just $10.
Added to these positives is the fact that the spreads start from as low as possible at 0 pips and you can access a great bonus infrastructure as a non-European trader, or a comprehensive active trader program from inside the EU.
Platforms: MT4 Dekstop, MT4 Web, Proprietary Web Platform Regulations: FCA, MIFID-ESMA Minimum Deposit: $250
The forex Broker LCG, i.e. London Capital Group, is part of a holding company operating since 1996. With LCG there is no minimum deposit required to open a trading account, however, to access the ECN technology you need to keep at least $10,000 on your account. Once you do this you will have full access to the best that this ECN/STP broker has to offer including thorough regulatory oversight from both the FCA and CySEC.
Added to that and a point that works in attracting and retaining many of the more experienced traders is that LCG makes a whopping 7,000 assets in total available to trade. These include a wide selection of bonds, interest rates, ETFs, and vanilla options. The cost of trading in terms of spreads is also kept to a minimum with these starting out as low as 0 pips on forex markets.
Platforms: Mirror Trader, ZuluTrade, MT4 Dekstop, MT4, MT5 Regulations: FCA, MIFID-ESMA, DFSA, Offshore Minimum Deposit: 1000
ActivTrades began as a Swiss forex broker in 2001, before moving to London in 2005. ActivTrades is very active mainly in Italy, where they also received an award for best forex broker in 2011 and 2012. They are also very well-regulated by the FCA in the UK and provide traders with some of the best trading platforms in the business. This means that beyond their own trading platform, both MT4, and MT5 are available. Newer traders are also drawn by the fact there is no minimum deposit with ActivTrades.
Once you have an account, you will find a huge variety in available markets. This includes options, ETFs, and a host of CFDs as well as spread betting for UK traders. All of these positive reasons to trade here are wrapped up by the fact that spreads on forex start from a very competitive 0.5 pips.
Platforms: Proprietary Web Platform Regulations: FCA, SFC, DFSA Minimum Deposit: 100
ADS Prime’s mother company is ADS securities, the biggest forex broker of the United Arab Emirates. The European branch instead works with the name ADS Prime and it is registered and operating in London. This means that the broker boasts extensive regulation from both the Central Bank of Dubai, and the FCA in the UK even though they are headquartered in Abu Dhabi.
ADS has won great popularity among traders looking for fast ECN STP execution thanks to its broad range of markets and the selection of other services they offer. This includes trading in Bitcoin and other investment support services. The value is evident with spreads starting at a low 0.1pips and accounts are very accessible with a $100 minimum deposit to trade through the well-known MT4 and the brokers own proprietary trading platform bringing a range of trading options for all.