Compare ECN / STP Forex Brokers

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COMPARE ECN / STP FOREX BROKERS

FOREX BROKER AND RATING

 

(A) SAFETY

 

(B) TRADING COST

 

(C) OPTIONS

 (D) TECH

 →LINKS

A. FUNDS SAFETY 81.3%
B. TRANSACTION COST 62.5%
C. TRADING OPTIONS 87.5%
D. TECHNOLOGY 77.5%
Overall Rating 76.9%

REGULATION:

FCA UK, ASIC, CySEC, MiFID

SEGREGATED ACCOUNTS: YES

ISLAMIC ACCOUNTS: YES

FOUND: 2010

MAIN OFFICES: Cyprus

SPREADS:

EURUSD: 1.8 pip

GBPUSD: 2.0 pip

USDJPY: 1.6 pip

TRADING COMMISSIONS: NO

 

BONUS: 60% Credit Bonus (Used only as extra margin)

LEVERAGE: 1:30

$500 minimum Deposit

FUNDING METHODS:

Credit Cards

Bank Wire

MoneyBookers

Neteller

EXECUTION:

ECN / STP

TRADING PLATFORMS

□ MetaTrader4

□ MetaTrader5

□ Sirix WebTrader

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

ASSET INDEX:

80+ Currency Pairs

 

» IronFx Web

 

» IronFx Rating

A. FUNDS SAFETY 83.3%
B. TRANSACTION COST 42.9%
C. TRADING OPTIONS 88.5%
D. TECHNOLOGY 60.0%
Overall Rating 68.7%

REGULATION:

ASIC and CBI

SEGREGATED CLIENT ACCOUNTS: YES

ISLAMIC ACCOUNTS: YES

FOUND: 2006

MAIN OFFICES: Ireland

SPREADS:

EURUSD: 3.0 pip

GBPUSD: 4.0 pip

USDJPY: 3.0 pip

TRADING COMMISSIONS: NO

BONUS:

30%-50% Cash Bonus (you may withdraw it)

LEVERAGE: 1:30

$100 Minimum Deposit

FUNDING METHODS:

Credit Cards

Bank Wire

Neteller

PayPal

Skrill

WebMoney

EXECUTION:

Dealing-Desk broker (DD)

TRADING PLATFORMS

□ MetaTrader4

□ WebTrader

□ MirrorTrader

□ 5 Mobile Traders

SCALPING: NO

AUTO-TRADING: YES

ASSET INDEX:

55+ Currency Pairs

 

» AvaTrade Web-Site

 

» AvaTrade Rating

A. FUNDS SAFETY 43.4%
B. TRANSACTION COST 66.1%
C. TRADING OPTIONS 74.0%
D. TECHNOLOGY 70.0%
Overall Rating 63.0%

REGULATION:

CRFIN

SEGREGATED CLIENT ACCOUNTS:

YES

ISLAMIC ACCOUNTS: YES

FOUND: 2008

MAIN OFFICES: Russia

SPREADS:

EURUSD: 2.0 pip

GBPUSD: 3.0 pip

USDJPY: 2.0 pip

TRADING COMMISSIONS: NO

 

BONUS: 60% Credit Bonus (Used only as extra margin)

MAX LEVERAGE RATE: 1:1000

$50 Minimum Account Size

FUNDING METHODS:

Credit Cards

Bank Wire

MoneyBookers

+More Methods

EXECUTION:

ECN / Dealing-Desk broker (DD)

TRADING PLATFORMS

□ MetaTrader4

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

ASSET INDEX:

28 Currency Pairs

 

» FBS Web

 

» FBS Forex Rating

 

 

 

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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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