Compare ECN / STP Forex Brokers

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COMPARE ECN/STP FOREX BROKERS

ECN / STP FOREX BROKER

 

TRADING MODEL

 

TRADING COST

 

OPTIONS

 

ASSET INDEX

FOREX BROKERS WEBSITES & REVIEWS

REGULATION:

FCA UK and CySEC

SEGREGATED CLIENT ACCOUNTS: YES

ISLAMIC ACCOUNTS: YES

EXECUTION: ECN / STP

 

FXTM ECN MODEL

(1) ECN spreads as low as 0.1 pip plus trading commissions.

Fixed spreads as low as 1.8 pip

(2) MetaTrader-4, MetaTrader-5

(3) Free VPS and PAMM accounts

(4) Fully allows scalping, hedging, and automated trading

 

SPREADS (*):

EURUSD: 1.8 pip

GBPUSD: 3.0 pip

USDJPY: 2.0 pip

TRADING COMMISSIONS: No

(*) There are also zero-spread account types

 

LEVERAGE: 1:30

$10 Minimum Account Size

FUNDING METHODS:

  • Credit Cards
  • Bank Wire
  • Neteller
  • Western Union
  • Yandex
  • Bitcoin
  • QIWI

 

FXTM Asset Index

  • 50 Forex Pairs
  • 10+ Stock Indices
  • Energy Assets (Crude, Brent, Natural Gas)
  • Gold and Silver against USD and EUR
  • Gold Bullion

 

» FXTM Website

 

» FXTM Review

REGULATION:

Dukascopy Bank is regulated by FINMA (Switzerland)

SEGREGATED CLIENT ACCOUNTS: YES

ISLAMIC ACCOUNTS: YES

EXECUTION: ECN

 

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

(5) Fully allows scalping, hedging, and automated trading

 

SPREADS:

EURUSD: 0.3 pip

GBPUSD: 0.4 pip

USDJPY: 0.4 pip

TRADING COMMISSIONS: $3.5 per Standard Lot

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

 

LEVERAGE: 1:30

$100 Minimum Deposit

FUNDING METHODS:

  • Credit Cards
  • Debit Cards
  • Bank Wire

 

Dukascopy Asset Index

  • 50+ Forex Currency Pairs
  • Stock Indices
  • Gold and Silver
  • Several other CFD products

 

» Dukascopy Accounts

 

» Dukascopy Rating

REGULATION:

ASIC (Australia)

SEGREGATED CLIENT ACCOUNTS: YES

ISLAMIC ACCOUNTS: YES

EXECUTION: ECN / STP

 

FP MARKETS ECN MODEL

(1) ECN spreads as low as 1.2 pip without trading commissions

(2) IRESS account type which provides better financing terms

(3) MetaTrader-4, MetaTrader-5, and IRESS trader

(4) Free VPS and PAMM accounts

(5) Fully allows scalping, hedging, and automated trading

 

SPREADS:

EURUSD: 1.20 pip

GBPUSD: 1.60 pip

USDJPY: 1.46 pip

TRADING COMMISSIONS: No

 

LEVERAGE: 1:30

$100 Minimum Account Size

FUNDING METHODS:

  • Credit Cards
  • Bank Wire
  • Neteller
  • FasaPay

 

FP Markets Asset Index

  • 60 Forex Currency Pairs
  • Srock Indices
  • Over 2,000 shares
  • Cryptocurrency pairs against USD and AUD
  • Energy assets
  • Metals
  • Agricultural Products

 

» FP Markets Website

 

» FP Markets Review

 

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 that uses the ECN (Electronic Communications Network) of banks to provide its clients with direct access to 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?

An 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)

 

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Compare ECN / STP Forex Brokers

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