What are ECN forex brokers? The ECN in ECN forex broker stands for "Electronic Communications Network " which is a computerized trading network that matches buy and sell orders entered electronically by customers. An ECN broker does not have a fixed spread, as the buying and selling rates vary depending on market conditions.
ECN forex trading advantages: 1) With an ECN broker you can see the true currency market depth, so know what the supply and demand really is for the market. You will see the number of buy orders and sell orders at specified price thresholds of the ECN broker that it joins. In addition, forex trading is anonymous, as ECN's see not who made the buy and sell orders coming.
2) An ECN (Electronic Communications Network) allows participants in the Forex market to trade directly with each other. Participants in an ECN are called liquidity providers, and they create higher liquidity and tighter spreads in the market.
A comprehensive list of ECN (Electronic Communications Network) forex brokers worldwide.
ADM Derivatives Inc
ADM Derivatives is a market leader in foreign exchange execution & liquidity solutions for FCM/FDM, Fund Managers, Introducing Brokers, & Private Clients.
Alpari UK
No re-quotes via true ECN.
ATG Marketplex
Decimalized interbank forex pricing on all platforms
Broco
Access to global financial markets. Low commissions.
Capital Forex
LCG is active in institutional foreign exchange and derivatives broking.
Dukascopy
Prices and liquidity are equal for all clients. Depending on account size and monthly traded volume, different trading commissions and overnights are applied.
FastBrokersFX (FastFX Integral ECN )
Trade on the Currenex ECN. Level2 Bid & Ask
FXDD
Our institutional platform provides upwards of $100 million in liquidity for institutional or private clients.
FXOpen
Unique combination of Retail Forex Trading and True ECN Currency Trading Online with Level II on MT4 with FXOpen.
London Capital Group
London Capital Group FX is an established and respected second tier prime broker offering full access to all the ECN multi bank platforms including Currenex.
MB Trading
Traders have the ability to cross orders anonymously in our internal order book via our ECN technology.
NordMarkets
Trade up to a multi-bank ECN trading account.
PFGBEST
Advanced Market Depth choices for ESP™ - Standard (set in preferences), Consolidated (aggregated price and amount available), and VWAP (volume weighted average price).
PronetFX
MT4 with ECN pricing.
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