Best ECN broker

Using an ECN broker has several advantages; in fact, a large number of traders are looking forward to ECN brokers, and for a viable reason. ECN brokers offer a range of major benefits, which may help them get ahead of their leading counterparts. Here are some of the key advantages of using an ECN broker.

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Anonymity, Confidentiality, and Secrecy

You are often an open book when you are dealing with typical Forex trading. Nevertheless, privacy and confidentiality assume high importance when you opt to go down the path of an ECN broker. The high level of confidentiality and secrecy indeed has to do with the fact that the broker would only serve as a middleman in the market instead of a market maker.

Variable Spreads

Traders are granted unhindered access to market prices through an ECN agent and a dedicated account. Since the prices vary upon supply, demand, instability, and other market environments, through the correct ECN broker, one can trade on very low bid/offer spreads.

Instant Trade Execution

This feature is something that Forex dealers usually can’t afford to make compromises on. ECN brokers guarantee that efficient trade performance is very much certain at every go. This specific technique of trading does not need the client to trade with the broker, but instead uses its network to place orders. This different method really does let anyone enjoy improved trade execution.

Access to Customers and Liquidity

ECN agents operate on a model that lets any and all the opportunity to trade within an international liquidity pool of viable, controlled, and competent financial institutions. Additionally, due to how connected information is transmitted, transparency is yet another key benefit of an ECN broker. All ECN agents are granted access to the same market data and trade; therefore, transparency of fundamental market prices from numerous liquidity providers is guaranteed.

Trade Consistency

One of the major benefits of an ECN broker and a connected Forex trading account is trading consistency. Given the nature of Forex trading, a break is not essential, nor does it ever occur between trades. When you take advantage of an ECN broker, you can amenably trade during events and news, with it being likely to create a real flow of activity. This also creates an opportunity for any trader to benefit from Forex price volatility.

IC Markets (2007)

Maximum Leverage: up to 1:500
Minimum Deposit: from 200 USD
Spreads:   low
Trading Platform: Web, MetaTrader 4, MetaTrader 5, cTrader
Funding methods:

Open Account

Fx Choice (2010)

Maximum Leverage: up to 1:200
Minimum Deposit: from 100 USD
Spreads: mid
Trading Platform: Web, MetaTrader 4, MetaTrader 5
Funding methods:

Open Account

CMC Markets (1989)

Maximum Leverage: up to 1:500 for AU and NZ clients (1:30 for EU and most other clients)
Minimum Deposit: from 200 USD
Spreads: low
Trading Platform: Web, MetaTrader 4, Specific
Funding methods:

IG Markets (1974)

Maximum Leverage: up to 1:200 (1:30 for EU and some non-EU clients)
Minimum Deposit: from 300 USD
Spreads: low
Trading Platform: Web, MetaTrader 4, Specific
Funding methods:

Dukascopy (1998)

Maximum Leverage: up to 1:200
Minimum Deposit: from 100 USD
Spreads: low
Trading Platform: Web, MetaTrader 4, Specific, Binary Platform
Funding methods:

Saxo Bank (1992)

Maximum Leverage: up to 1:70 (1:30 for EU clients | differently restricted for others)
Minimum Deposit: from 2000 USD
Spreads: low
Trading Platform: Web, Specific
Funding methods:

Swiss Markets (2016)

Maximum Leverage: up to 1:500
Minimum Deposit: from 200 USD
Spreads: mid
Trading Platform: Web, MetaTrader 4
Funding methods: