5 Best ECN Forex Brokers in 2022

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5 Best ECN Forex Brokers in 2022

Non-dealing desk brokers, often known as ECN (Electronic Communications Network) brokers, do not transfer order flow to market makers. Instead, they electronically match trade participants and transfer orders to liquidity providers.

An ECN broker arranges to trade across the ECN for interested investors.

One of the most significant advantages of ECN brokers is that they integrate a large number of price quotes from several liquidity sources, allowing traders to select the optimal bid and ask rates for certain currency pairings. As a result, spreads and lost payouts from individual trades are reduced.

In this article, you’ll find the best ECN Forex brokers the we carefully researched for you to look at.

Our 5 picks of Best ECN Brokers in 2022

rank



1

IC Markets

Lowest Spread ECN Broker 2022

2

Tickmill

3

Pepperstone

Best for Scalping and EA

4

Dukascopy

Great ECN service for professional traders

5

FBS


IC Markets

IC Markets charges low forex commissions. The account opening process is simple and quick, and deposits and withdrawals are both free and simple.


Regulation

Cyprus, Australia, Seychelles

Trading Fees

Low

Withdrawal fee

$0

Minimum deposit

$200

Account opening

Instant

Deposit Methods

Bank / wire transfer, Paypal, credit card, Skrill, Neteller, UnionPay, Bpay, FasaPay and Poli

Products offered

Forex, CFD, Crypto

(74-89% of retail CFD accounts lose money)

Tickmill

Tickmill was founded in 2014 as a global forex and CFD broker. The company is licensed by a number of financial regulators throughout the world, including the top-tier Financial Conduct Authority (FCA) in the United Kingdom, and is thus regarded as a secure broker.

Tickmill charges cheap costs for both FX and non-trading services. Opening an account is simple, quick, and completely digital. You have a variety of deposit and withdrawal options to choose from, all of which are free.

Tickmill is best for high-volume, high-balance traders who only want to trade the most popular FX and CFD instruments. Tickmill offers a good choice of copy-trading platforms to go along with its MetaTrader platform, as well as several account options with different price structures.

Regulation

UK, Cyprus, Seychelles, South Africa, Malaysia

Trading Fees

Low

Withdrawal fee

$0

Minimum deposit

$100

Account opening

Instant

Deposit Methods

Bank transfer, VISA, Mastercard, Skrill, Neteller, Sticpay, Fasapay, Unionpay, Qiwi, Webmoney

Producs offered

Forex, CFD, Crypto

(70-89% of retail CFD accounts lose money)

Pepperstone

Pepperstone is a wholly-owned subsidiary of Pepperstone Group Limited, an Australian firm founded in 2010 that has quickly developed to become one of the largest forex and CFD providers in the world.

Pepperstone Limited began operations in the United Kingdom in 2015, and has since expanded its offerings to include UK and European clients through local access. The group has offices in Melbourne, Dubai, Limassol, Nassau, Nairobi, Dusseldorf, and London, among other important financial centers.

Pepperstone’s account registration is quick, simple, and completely digital. Customer support responds quickly and accurately. The deposit and withdrawal procedures are simple and, in most cases, free.

Regulation

UK, Germany, Cyprus, Australia, United Arab Emirates, Bahamas, Kenya

Trading Fees

Low

Withdrawal fee

$0

Minimum deposit

$200

Account opening

Instant

Deposit Methods

Bank Wire, Credit/Debit cards, Skrill, Local Bank Deposit, Neteller, Bpay, UnionPay, PayPal, MPESA

Producs offered

Forex, CFD, Crypto

(70-89% of retail CFD accounts lose money)

Dukascopy

Dukascopy is a regulated bank with authorization in two tier-1 jurisdictions, making it a low-risk forex and CFDs broker.

Dukascopy offers one account type for FX trading under its Forex ECN account, where the execution method can change between agency and dealing desk. While all clients in an ECN account pay the same spreads, the additional commission rates you pay are based on your trading volume, balance, and net deposits.

Regulation

Switzerland, Japan, Dubai

Trading Fees

Low

Withdrawal fee

Yes

Minimum deposit

$1000

Account opening

1 Day

Deposit Methods

Mastercard, VISA, Maestro, VISA Electron

Producs offered

Forex, Metals, CFDs on Indices, Bonds, Shares, Binary Options


(70-89% of retail CFD accounts lose money)

Conclusion

One benefit of choosing a real ECN broker is that they provide a higher level of anonymity than the market leaders.

This means that as a trader, you will be able to benefit from a neutral pricing, and the business will represent current market conditions.

Furthermore, neutral prices will be free of any bias based on your ideas, tactics, or current market positions.

You can also take advantage of numerous tactics with a proper ECN broker, such as the efficacy of tight spreads and rapid transaction execution speeds.

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