Compare ECN / STP Forex Brokers

COMPARE ECN / STP FOREX BROKERS

ECN / STP FOREX BROKER

TRADING MODEL

TRADING COST

OPTIONS

TECHNOLOGY

REVIEWS

REGULATION:

FSA UK and CySEC

A. FUNDS SAFETY 81.7%
B. TRANSACTION COST 85.7%
C. TRADING OPTIONS 76.9%
D. TECHNOLOGY 75.0%
Overall Rating 80.2%

FXCC’s ECN MODEL

(1) ECN spreads as low as 1/10 pip on all majors.

(2) All market participants are equal with respect to instant access to prices provided by FX banks.

(3) ECN/STP orders, stops, and limits reside on the FXCC servers and are sent to liquidity providers as market orders all looking as if they come from one client.

SEGREGATED CLIENT ACCOUNTS: YES

ISLAMIC ACCOUNTS: YES

SPREADS:

EURUSD: 1.0 pip

GBPUSD: 1.5 pip

USDJPY: 1.5 pip

TRADING COMMISSIONS: No

BONUS: 100% Credit Bonus (Used only as extra margin)

LEVERAGE: 1:300

$100 Minimum Deposit

FUNDING METHODS:

Credit Cards

Bank Wire

MoneyBookers

WebMoney

EXECUTION:

ECN / STP

TRADING PLATFORMS

□ MetaTrader4

□ Sirix WebTrader

□ Mobile Traders

SCALPING: Yes

AUTO-TRADING: Yes

ASSET INDEX:

30+ Currency Pairs

 

» FXCC Web-Site

 

» FXCC Full Rating

REGULATION:

MiFID and FCMC

A. FUNDS SAFETY 81.7%
B. TRANSACTION COST 83.9%
C. TRADING OPTIONS 70.2%
D. TECHNOLOGY 73.8%
Overall Rating 77.7%

DUKASCOPY ECN MODEL

(1) Dukascopy Forex trading services are optimized for professional traders using the SWFX Market

(2) Equal liquidity and common quotes for all clients

(3) Accounts currencies include: USD, CHF, EUR, GBP, JPY, AUD, CAD, DKK, HKD, MXN, NOK, NZD, PLN, RUB, SEK, SGD, TRY and ZAR

(4) Funding facilities including Bank Guarantees

SEGREGATED CLIENT ACCOUNTS: YES

ISLAMIC ACCOUNTS: NO

SPREADS:

EURUSD: 0.6 pip

GBPUSD: 0.6 pip

USDJPY: 0.9 pip

TRADING COMMISSIONS: $3.5 per Standard Lot

BONUS: 10% Equity Bonus (You may withdraw it)

LEVERAGE: 1:200

$100 Minimum Deposit

FUNDING METHODS:

Credit Cards

Debit Cards

Bank Wire

EXECUTION:

ECN

TRADING PLATFORMS

□ JForex Automated

□ JavaTrader

□ Mobile Traders

SCALPING: Yes

AUTO-TRADING: Yes

ASSET INDEX:

60+Currency Pairs

 

» Dukascopy Accounts

 

» Dukascopy Europe Rating

REGULATION:

FCA UK, CySEC, MiFID

A. FUNDS SAFETY 63.6%
B. TRANSACTION COST 67.9%
C. TRADING OPTIONS 97.1%
D. TECHNOLOGY 97.5%
Overall Rating 80.3%

HOTFOREX ECN MODEL

(1) Zero-Sprad Account type is available

(2) CurreneX Account type offers tight spreads and fast execution. Spreads as low as 0.4 pips and Trading Commission $10 per round turn.

(3) Free VPS Server for using Expert Advisors (EAs)

SEGREGATED ACCOUNTS: YES

ISLAMIC ACCOUNTS: YES

SPREADS:

EURUSD: 1.4 pip

GBPUSD: 2.3 pip

USDJPY: 1.7 pip

TRADING COMMISSIONS: NO

BONUS:

40-100% Credit and Cash Bonus (You may withdraw it)

Rebate Plan:

» HotForex Rebate at Forex-Rebates.com

LEVERAGE: 1:1000

$50 Minimum Account Size

FUNDING METHODS:

Credit Cards

Bank Wire

MoneyBookers

Neteller

iDeal

Union Pay

Sofort

TrustPay

EXECUTION: STP

TRADING PLATFORMS

□ MetaTrader4

□ WebTrader

□ FIX API

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

Free VPS Hosting for all Traders holding $5,000

ASSET INDEX:

43 Currency Pairs

 

» HotForex Web

 

» HotForex Full Rating

REGULATION:

FSA UK, CySEC, ASIC, BaFIN, MiFID

A. FUNDS SAFETY 74.1%
B. TRANSACTION COST 58.9%
C. TRADING OPTIONS 100.0%
D. TECHNOLOGY 77.5%
Overall Rating 77.3%

XM STP MODEL:

The model of XM is suitable for semi-advanced and advanced traders:

(1) Trade hundreds of assets via MT4 (even CFDs on Futures)

(2) Take advantage of cash rebates based on your trading volumes

(3) Take advantage of Credit Bonus and use it as extra margin (remains active even in negative account balance)

SEGREGATED ACCOUNTS: YES

ISLAMIC ACCOUNTS: YES

SPREADS:

EURUSD: 1.8 pip

GBPUSD: 2.6 pip

USDJPY: 2.0 pip

TRADING COMMISSIONS: NO

BONUS: 40% Credit Bonus and free $30 No-Deposit Bonus

XM Rebate:

» XM Rebate at Forex-Rebates.com

LEVERAGE: 1:800

$50 minimum deposit

FUNDING METHODS:

Credit cards

MoneyBookers

Liberty Reserve

Neteller

Wire Bank Transfer

EXECUTION:

STP Model

TRADING PLATFORMS

□ Web Trader

□ MirrorTrader

□ MetaTrader4

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

ASSET INDEX:

60+ Currency Pairs

 

» XM Web

 

» XM Full Rating

REGULATION:

FCA UK

A. FUNDS SAFETY 89.8%
B. TRANSACTION COST 50.0%
C. TRADING OPTIONS 92.3%
D. TECHNOLOGY 70.0%
Overall Rating 75.4%

HYMARKETS ECN MODEL

(1) HY Pro Trader -Institutional grade platform, powered by the Currenex platform

(2) Personal Account Manger for all traders and VIP Managers for VIP Accounts

(3) FCA regulated broker with over 30 years of operational expertise and background

SEGREGATED ACCOUNTS: YES

ISLAMIC ACCOUNTS: YES

SPREADS:

EURUSD: 1.8 pip

GBPUSD: 2.6 pip

USDJPY: 2.4 pip

TRADING COMMISSIONS: NO

BONUS:

10% Cash Bonus

LEVERAGE: 1:300

$50 Minimum Account Size

FUNDING METHODS:

Credit Cards

Bank Wire

MoneyBookers

Web-Money

Paypal

EXECUTION:

STP

TRADING PLATFORMS

□ MetaTrader4

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

ASSET INDEX:

43 Currency Pairs

 

» HYMarkets Web

 

» HYMarkets Rating

 

 

REGULATION:

FCA UK and CySEC

A. FUNDS SAFETY 86.0%
B. TRANSACTION COST 76.8%
C. TRADING OPTIONS 61.5%
D. TECHNOLOGY 72.5%
Overall Rating 74.4%

ORBEX ECN MODEL:

(1) Orbex provides access to aggregated liquidity from 12 Tier-1 Banks connected directly to its trading platform via FIX Bridge. Liquidity providers include Barclays and UBS.

(2) The MT4 Server sits behind a price aggregator, which receives market prices from all liquidity providers, selecting only the best Bid and the best Ask individually, and posting them to our MetaTrader4 Market Watch.

(3) All orders are treated anonymously

SEGREGATED CLIENT ACCOUNTS: YES

ISLAMIC ACCOUNTS: YES

SPREADS:

EURUSD: 0.6 pip

GBPUSD: 0.9 pip

USDJPY: 0.9 pip

TRADING COMMISSIONS: $10 / lot

BONUS:

No Bonus

LEVERAGE: 1:500

$500 Minimum Deposit

FUNDING METHODS:

Credit Cards

Bank Wire

Neteller

Skrill

WebMoney

EXECUTION:

ECN / STP

TRADING PLATFORMS

□ MetaTrader4

□ WebTrader

□ Mobile Traders

+Free VPS Hosting

SCALPING: YES

AUTO-TRADING: YES

ASSET INDEX: 28 pairs

 

» Orbex Web-Site

 

» Orbex Full Rating

US Traders Welcome US TRADERS WELCOME

 

REGULATION: HCMC and MiFID

A. FUNDS SAFETY 55.5%
B. TRANSACTION COST 66.1%
C. TRADING OPTIONS 80.8%
D. TECHNOLOGY 87.5%
Overall Rating 71.4%

AAAFX MODEL:

(1) Association with ZuluTrade (Social Trading)

(2) Tight spreads on Institutional accounts.(starting as low as 0.9 pips)

(3) Trades a wide asset index via Forex and CFDs

SEGREGATED CLIENT ACCOUNTS: YES

ISLAMIC ACCOUNTS: YES

SPREADS:

EURUSD: 1.6 pip

GBPUSD: 1.9 pip

USDJPY: 1.9 pip

TRADING COMMISSIONS: NO

BONUS: 10% Cash Bonus (you may withdraw it)

LEVERAGE: 1:200

$300 Minimum Deposit

FUNDING METHODS:

Credit Cards

Bank Wire

Skrill

iDeal

+More Methods

EXECUTION:

ECN / STP

TRADING PLATFORMS

□ MetaTrader4

□ ZuluTrade

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

ASSET INDEX:

45+Currency Pairs

 

» AAAFX Web-SIte

 

» AAAFX Rating

 

INFORMATION ABOUT ECN / STP FOREX BROKERS

There are many advantages when trading with an ECN / STP Forex Broker compared to a Dealing Desk Broker.

WHAT IS AN ECN BROKER?

An ECN broker is a Forex Company which uses the ECN (Electronic Communications Network) of banks to provide its clients direct access in the Foreign Exchange market. ECN brokers have access to different liquidity providers and thus they may offer their clients tighter spreads and better trading terms than market makers. ECN Brokers are No-Dealing Desk Brokers (NDD).

WHAT IS A STP BROKER?

A STP Broker is a Forex Broker that operates a business model similar to the ECN model. A Straight Through Processing (STP) broker connects to multiple liquidity providers (banks, investment companies etc.) and forwards its clients trades directly to them. Traders buy or sell at the best available bid / ask prices provided by the liquidity providers. STP Brokers are No-Dealing Desk Brokers (NDD).

ADVANTAGES OF ECN / STP FOREX BROKERS

Here are the main advantages:

(1) You don’t trade against your broker as in the case of a Dealing-Desk (DD) broker and that makes the trading process more transparent

(2) NDD brokers offer tight spreads on Forex majors based on their better liquidity

(3) ECN / STP brokers provide fast order execution and that makes them suitable for News Traders and Forex Scalpers

(4) No Re-Quotes on pricing

(5) Automated trading, scalping, and hedging are all allowed by ECN / STP brokers

(6) ECN / STP brokers offer their clients high trade sizes (you may trade up to 200 million USD in a single transaction)

 

■ COMPARE RATINGS: » All Ratings | » CFD Brokers | » Islamic Accounts | » Asia Brokers

■ COMPARE FUND METHODS» PayPal Fx Brokers | » Neteller Fx Brokers | » MoneyBookers Fx Brokers

■ COMPARE TRADING FEATURES» MetaTrader-4 Brokers | » Forex Scalpers | » Social Traders

 

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