ECN and STP Forex Brokers are No-Dealing-Desk brokers (NDD) and that means they provide direct access to the real interbank Foreign Exchange Market. ECN / STP brokers in general offer faster order execution than Dealing-Desk Brokers (DD) and don’t charge re-quotes. This type of Forex brokers, as a rule, allows scalping and Expert Advisors and it is considered the best choice for Forex scalpers and intraday traders. All the following Forex brokers are regulated and fully allow Automated Trading (EAs) and Scalping.
ECN / STP Broker COMPANY INFO TRADING INFO ACCOUNT INFO ACCOUNT OPENING 

IC MARKETS

Established: 2007

Regulated: ASIC Australia (license No. 335692)

Client Account Segregation: Yes

US Traders: No

Swap-Free Accounts: Yes

 
  • ECN/STP
  • Min. Spreads: 0.1 Pip
  • Commissions: $7/ Round lot
  • Leverage: 1/500
  • Platforms: MetaTrader-4MetaTrader-5, cTrader
  • Free: VPS: Yes (under a policy)
  • MAM/PAMM: Yes

Bonus: (N/A)

Rebate: via Forex-Rebates.com

Contests: Demo Account Competition (occasionally)

Min.Deposit: 200 USD

  • Fund Methods:

Cards, Bank Wire, WebMoney, Skrill, Neteller

Ideal ECN broker for intraday and robotic Forex trading

 

» IC Markets Website

» IC Markets Review

JUSTFOREX

Established: 2012

Regulated: IFSC (no. 60/241/TS/15) 

Client Account Segregation: Yes

US Traders: No

Swap-Free Accounts: Yes

  • ECN/STP
  • Min. Spreads: 0.1 Pip
  • Commissions: $10/ Round lot
  • Leverage: 1/500
  • Platforms: MetaTrader-4, MT4 WebTrader
  • Free: VPS: No
  • MAM/PAMM: No

Bonus: 100% Cash Bonus up to $20,000

Rebate: via Forex-Rebates.com

Contests: Real Account Competition

Min.Deposit: 100 USD

  • Fund Methods:

Cards, Bank Wire, and many Internet Wallets

Specialized in Forex trading (a very wide Forex asset index)
 
 
 

XM

Established: 2009

Regulated: CySEC, FCA UK, ASIC

Client Account Segregation: Yes

US Traders: No

Swap-Free Accounts: Yes

  • MARKET MAKER
  • Min. Spreads: 1.6 Pip
  • Commissions: No
  • Leverage: 1/30
  • Platforms: MetaTrader-4, MetaTrader-5, WebTraders
  • Free: VPS: Yes (Deposits above $5,000)
  • MAM/PAMM: No

Rebate: $6.0/ lot (Forex-Rebates.com)

Contests: Not available at the time

Min.Deposit: $5

  • Fund Methods:

Wire, Cards, Skrill, CashU, Neteller

And many more methods (check our review)

Ideal for Swing Traders (CFDs on Futures)
 
 
 

FXCC

 

Established: 2010

Regulated: CySEC, FCA UK

Client Account Segregation: Yes

US Traders: No

Swap-Free Accounts: Yes

  • ECN/STP
  • Min. Spreads: 1.1 pip
  • Commissions: No
  • Leverage: 1/30
  • Platforms: MetaTrader-4, Sirix Trader, MAM
  • Free: VPS: No
  • MAM/PAMM: Yes

Bonus: Not for Europeans

Rebate: 20% for the 1st month of trading (Rebate-Link)

Contests: Not available at the time

Minimum Deposit: $100

  • Fund Methods:

Wire, Cards, Skrill, Neteller, WebMoney

Good for Trading Nasdaq and Dow Jones
 
 
 

FXTM

Established: 2011

Regulated: CySEC, FCA UK

Client Account Segregation: Yes

US Traders: No

Swap-Free Accounts: Yes

  • ECN/STP
  • Min. Spreads: 1.8 pip
  • Commissions: No
  • Leverage: 1/30
  • Platforms: MetaTrader-4, MetaTrader-5, WebTraders
  • Free: VPS: No
  • MAM/PAMM: Yes

Bonus: Not for Europeans

Rebate: via Forex-Rebates.com

Contests: Demo Forex Trading Contest

Minimum Deposit: $5

  • Fund Methods:

Wire, Cards, Skrill, Neteller, WebMoney, Bitcoin

QIWI, Western Union, DotPay, Yandex, AlfaClick

Specialized in Forex trading
 
 
 
 

NOTES:

  • Scalping and EAs: All the above Forex brokers fully allow Automated Trading (EAs) and Scalping
  • Spreads: The best available spreads of each Forex Broker
  • Commissions: Trading commissions per full traded lot
  • Bonus: The above Bonus offers are exclusively offered for New Clients, a Cash bonus is a bonus you may withdraw, a Credit Bonus can only be used as an extra margin
  • Rebates: All Forex rebates mentioned in the above comparison table are provided via the specialized web-site Forex-Rebates.com

 

ECN / STP Forex Brokers Explained

□ ECN Forex Brokers are pure No-Dealing-Desk brokers (NDD) and therefore provide their clients with direct access to the interbank Forex Market (without any interference). ECN brokers offer Forex trading in tight spreads and even in zero-spreads (by charging trading commissions).

□ STP Forex Brokers is a hybrid solution between ECN brokers and Dealing-Desk brokers. STP brokers offer Forex trading via the use of liquidity providers, which are mainly large commercial banks and other financial institutions. STP brokers apply software algorithms (price aggregators) to find the best available quotes. STP brokers fill client orders via their liquidity providers.

» Compare and Review Forex Brokers at TradingCenter


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