Best forex brokers in the world

Pepperstone, an execution-only forex as well as CFD broker, provides trading solutions that cater to both veteran and novice traders.

Real forex bonuses

Best forex brokers in the world, best forex brokers in the world.

Founded in 2010, the company has its headquarters located in melbourne, australia. The company has offices in shanghai, china and dallas, USA. Avatrade, a pioneer in the field of online forex trading from 2006 onwards, was created for the purpose of providing great online trading experience to retail traders. Within a short time, avatrade had more than 20,000 registered customers executing over 2,000,000 trades in a month around the globe. The total value of trades surpasses $60 billion in a month.

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Forex trading offers an opportunity to earn some additional income. If you are planning to try it out, you should learn the basics of currency trading. Though there is much more to learn than you as a beginner might expect, the fact is that it is learnable. Once you have decided to try out forex trading, the first step is choosing a forex broker. You need to look at various aspects order such as trading platform, account options, minimum deposit, spreads and commissions, deposit and withdrawal options and customer service, among others, when choosing a forex broker. In order to make things easier for you, we have evaluated a number of forex brokers and have listed below the top 10 forex brokers. You can research each one of them on your own and choose one that fits your needs the best.

Top 10 forex brokers list 2021

info	bonus	open account
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.	Visit broker
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC	$100 no-deposit bonus, 100% deposit bonus	visit broker
min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize	“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program”	visit broker
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN	35% of the account deposit	visit broker
min deposit: $100 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA	visit broker
min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202	visit broker
min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK	visit broker
min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC	visit broker
min deposit: $10 spread: leverage: regulation: cysec	-	visit broker
min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec	visit broker

XM.Com, a trade name of trading point holdings ltd, is owned as well as operated by trading point of financial instruments ltd, which is regulated by cysec. It is also european union-registered forex broker. XM has its headquarters in limassol, cyprus.

Broker type – DMA/STP, MM
minimum deposit – $5
deposit options: bank wire, neteller, skrill, webmoney, credit card, westernunion, moneygram, SOFORT, unionpay (china), etc.
Maximum leverage – 888:1
minimum lot size – 0.01
spreads – variable
lowest spreads for EUR/USD – more than 1

FBS, an international forex broker, has presence in over 120 countries. The online forex company boasts of 2,000,000 traders (clients) and 130,000 partners. For muslim traders, the broker provides swap-free or islamic accounts. FBS was founded in 2009 and they do not offer financial services to people in the USA, belize and japan.

Broker type – ECN/STP, DMA/STP, MM
minimum deposit – $5
deposit options: visa/master card, neteller, skrill (7.5% commmission), webmoney, perfectmoney, OKPAY, FBS exchanger, wire transfer, yuupay (3% commission), etc.
Maximum leverage – 500:1
minimum lot size – 0.01
spreads – fixed and variable
lowest spreads for EUR/USD – 2 pips for mini accounts and 1 – 2 for standard accounts

Pepperstone, an execution-only forex as well as CFD broker, provides trading solutions that cater to both veteran and novice traders. Founded in 2010, the company has its headquarters located in melbourne, australia. The company has offices in shanghai, china and dallas, USA.

Broker type – electronic communication network/straight through processing and direct market access/straight through processing
regulation – australian securities and investments commission (ASIC)
platforms – metatrader4, ctrader
minimum deposit – $200
deposit options – bank wire, debit card, credit card, webmoney, neteller, fasapay, skrill, BPAY, poli, QIWI, paypal, unionpay(china), etc.
Maximum leverage – 400:1
minimum lot size – 0.01
spreads – variable
lowest spreads for EUR/USD – more than 0.5 pips for mini and standard; more than 0.1 pips for ECN

Tickmill, owned by tickmill limited and operated by tmill UK limited and tickmill ltd., which is a company registered in england and wales. Tickmill has principal and registered offices in london and seychelles. Tickmill is under the regulatory control of both financial operates conduct authority in the UK and financial services authority of seychelles.

Broker type – STP/ECN/NDD/DMA
regulation – FCA, UK and FSA, seychelles
platforms – web platform, metatrader 4, mobile platform
minimum deposit – $25
deposit options – wire transfer, credit/debit card, webmoney, unionpay, skrill, neteller, fasapay
maximum leverage – 500:1
minimum lot size – 0.01
spreads – variable
lowest spreads for EUR/USD – starts from 0.0

In 2013, fxopen launched its online trading platform. Fxopen UK, based in london, is regulated by the financial conduct authority in the UK.

Broker type – ECN/STP
regulation – FCA, UK
platforms – three versions of MT4
minimum deposit – $300
deposit options – bank wire transfer, credit/debit cards, webmoney, neteller, skrill, payza
maximum leverage – 500:1
minimum lot size – 0.01
spreads – variable
lowest spreads for EUR/USD – starts from 0 pips

Plus500 forex trading platform is provided by plus500cy ltd., which is a company based in cyprus and with headquarters in limassol. This broker is authorized as well as regulated by the cyprus securities and exchange commission.

Broker type – market maker
regulation – cyprus securities and exchange commission (cysec), financial conduct authority (FCA), australian securities and investments commission (ASIC)
platforms – windows trader, webtrader
minimum deposit – $100
deposit options – bank wire, paypal, credit card, skrill, etc.
Maximum leverage – 50:1
minimum lot size – 0.01
spreads – fixed
lowest spreads for EUR/USD – 2

ETX capital, a financial services company based in the UK, provides institutional, high net worth and retail customers with online platforms for trading forex and derivatives. ETX capital is the trading name of monecor (london) limited.

Broker type – forex and CFD broker
regulation – FFCA, UK
platforms – MT4, marketspulse
minimum deposit – $100
deposit options – china unionpay, giropay, neteller, credit card, sofort, wire transfer, skrill
maximum leverage – 400:1
minimum lot size – 0.01
spreads – fixed
lowest spreads for EUR/USD – 0.7

Octa markets was incorporated 2011 and the forex brokerage serves clients in more than 100 countries around the world. The company is registered in saint vincent and the grenadines. The company operates under the regulatory purview of IFSA.

Broker type – DMA/STP
minimum deposit – $5
deposit options: bank wire, debit card, credit card, skrill, neteller, unionpay (china), fasapay, etc.
Maximum leverage – 500
minimum lot size – 0.01
spreads – variable
lowest spreads for EUR/USD – more than 1.5

Avatrade, a pioneer in the field of online forex trading from 2006 onwards, was created for the purpose of providing great online trading experience to retail traders. Within a short time, avatrade had more than 20,000 registered customers executing over 2,000,000 trades in a month around the globe. The total value of trades surpasses $60 billion in a month.

Broker type – market maker
regulation – australian securities and investments commission (ASIC); central bank of ireland; financial futures association, japan; financial services board (FSB), south africa and israel securities authority (ISA)
platforms – metatrader 4, avatrader
minimum deposit – $100
deposit options – bank wire, paypal, webmoney, skrill, credit card, neteller, prepaid master card, etc.
Maximum leverage – 400
minimum lot size – 0.05
spreads – fixed
lowest spreads for EUR/USD – 3

Etoro, an online forex broker, offers trading in currencies, indices, commodities and CFD stocks. More than 4.5 million users from over 170 countries around the world make use of the online forex broker’s website. Founded in 2006 in tel aviv, the multi-asset brokerage company has registered offices in israel, the united kingdom and cyprus. One of the key features of etoro is the social investment platform with copy-trading feature that it offers.

Broker type – market maker
regulation – cyprus securities and exchange commission (cysec), markets in financial instruments directive (mifid), commodity futures trading commission (CFTC), financial conduit authority (FCA), national futures association (NFA), australian securities and investments commission (ASIC)
platforms – etoro openbook, etoro webtrader, etoro mobile trader
minimum deposit – $50
deposit options – bank wire transfer, credit/debit card, skrill, moneygram, paypal, neteller, webmoney, western union
maximum leverage – 400:1
minimum lot size – 0.01
spreads – fixed
lowest spreads for EUR/USD – 3

Find out best forex broker in the world by country in 2021

The global forex market is enormous and makes it challenging to find the best forex broker in the world. When we look for the top 10 forex brokers in the world, we kept in mind about both beginners and experienced traders. There are some differences among the forex brokers from different countries. When we make the list of forex brokers from different countries, we look for several significant key features such as product offerings, platforms, customer support, education facilities, research, and trustworthiness.

With the extensive research and proven methodology, we have found out the best brokers. Here in this article, we will discuss the factors we looked at and our methodology. Our mission is always to help the traders to choose the best stuff on forex trading. Let’s dive deep into the details of the best forex broker .

best forex broker in the world by country

How we choose the best forex broker in the world?

We devoted significant time and attention to develop a list of the brokers who are considered to be best in the world. However, we did not make it from anywhere. We researched for a long time and came out with a list by considering the following criteria.

Regulatory compliance: it is the first factor to categorize the best forex broker in the world. However, there are no central regulations for brokers. But, regulations are varied from country to country. Since forex brokers are from different countries, they have to follow the country of origin’s forex regulations.

Fancy professional looking website never guarantees to be the top 10 forex brokers in the world. Instead, having the membership of a regulatory body does make a broker one step ahead. Besides, without the regulatory compliance, a broker should not be counted as a forex broker.

For this, we have looked at the “about us” section of a broker if they have a membership. We omit all the brokers without membership. When we found a broker with membership, verified it with the regulatory websites. Then, added to the list of top 10 forex brokers in the world. So, a trader is safe to select any of the brokers from our list.

Account details: the next thing we have checked the account details of the broker. Since each forex broker has various offerings, we had to check all the components one by one. The details we checked for the best forex broker in the world are-
- Leverage and margin: forex brokers offer a different level of leverage. However, the amount depends on the broker. The leverage could be 50:1 or 200:1, and may more. Leverage usually works in the trader’s favor, which potentially increases the profit. On the other hand, it can also destroy all the investments.Having that in mind, we have checked the margin and leverage intensely. The trusted and reputed ones we listed as best forex broker in the world.

Commissions and spreads: we also looked at the spreads and commission amounts of those brokers before put them in the top 10 forex brokers in the world.

Initial deposit: it is one of the main factors as a deposit is a must to start trading. However, most of the forex brokers allow small initial funding. Besides, some brokers offer a large amount of deposit initially. Usually, those brokers are for advanced users who want to leverage their income more. And we considered both types of brokers for our handpicked list.

Currency pair: most of the brokers offer popular currency pair in their trading list as those currencies are easy to trade and have quick liquidation value. However, some brokers may offer all types of currency pairs. So, it is essential to select the broker that offers your desired currency pair. Most of our listed brokers offer all types of currencies, and some offer only popular currencies.

Customer support: forex market remains open for 24 hours a day. Most of the broker offers 5 days of customer support, while some may offer seven days. It doesn’t mean that providing five days is not the best forex broker in the world. Top forex brokers also offer 24/5 rather than 24/7 customer support. So, we have listed both customer support types. Furthermore, we focused their service and accessibility instead of how many days they are open for support.

Trading platform: for beginners, success in forex trading depends on the platforms. As newbies need a simple and easy trading platform, while experts may use the complex one. So, we focused on both beginners and experts and made the top 10 forex brokers in the world’s

Broker tools: to survive on market volatility and associated risk, most investors want a broker with some risk management tools. So that they can provide analysis before investing. However, order types and demo accounts are the two most important and common risk management tools.

Order types reduce the loss when price movement goes against you. Most of the broker offers basic order types, for example, stop-loss orders and market orders. On the other hand, some brokers offer guaranteed stop-loss orders, which is mostly for the more advanced traders. It also lets a user close at a specific price. We have considered and tested all the order types for the entire best forex broker in the world.

A demo account is another tool that every trader should use. It shows the quality of a broker. Furthermore, the demo account helps to judge a broker properly. As the trader can open a demo account before depositing the fund, it reduces the prospective loss if the broker turns out as scam or bad.

We have checked almost all the forex broker through the demo account. Additionally, the satisfactory ones were included in the top 10 forex broker in the world.

top 10 forex brokers in the world by country

Top forex brokers by country

The forex market is very competitive. As a result, there is a lot of brokers to help millions of trader. Brokers from different countries offer different services according to their regulations. Residents from those countries can get benefits easily for their country-specific brokers. Let’s see the benefits offered by brokers from different countries. Although we have considered each benefit and opportunity while choosing the best broker in the world by different countries.

Recently, australia has become one of the popular forex trading hubs. As more and more international brokers are opening their business in australia, it is growing sustainably. There was the latest regulatory restriction in the european forex market, which makes all the brokers move in australia. So, in the near future, most of the best forex broker in the world will be found in australia.

Additionally, the australian financial system is favorable for finance services. However, australian forex broker needs to properly follow the australian securities and investments commission’s (ASIC) regulation. So, while we made the list of the best forex brokers from australia, we check with the ASIC.

The forex market in the USA is highly regulated and opening a forex broker business is not easy in there. All the brokers in the USA need to main the corporate governance standards as well as disclosure of financial reporting. So, US traders don’t need to worry about safety.

However, forex brokers in the USA mist attain the membership of the national futures association (NFA). Besides, they are regulated by the commodity futures trading commission (CFTC). US forex brokers may provide leverage up to 1:50 for major currencies while they can provide only 1:20 for minor currencies. Furthermore, they can no provide hedging due to the first-in, first-out (FIFO) rule.

Unlike the USA, canadians brokers are not active in the forex industry as citizens can trade with any best forex broker in the world from any country. So, local brokers don’t get enough traders. However, there are only a few native forex brokers who operate in canada. Canadian brokers are not strictly regulated like the USA. They need to maintain their tax files properly. Broker’s regulation depends on the provenance. Although, canada is not harsh on brokers as there are no significant restrictions like the USA.

UK is the home of the top 10 forex broker in the world as the UK economy is trusted. Besides, the regulatory environment is favorable for both brokers and investors. Financial conduct authority (FCA) oversees the UK regulations, which ensures the investor’s fair deal while trading.

South africa

Once upon a time, african countries were the hub for scammers. But, recently, forex brokers tend to open their business in south africa (SA) as their economy is growing rapidly. Besides, financial service’s demand is also increasing to the citizens. Rising regulatory pressure in europe also makes the broker move out to SA. Brokers in south africa are regulated by the financial sector conduct authority (FSCA). There are a very few best forex broker in the world has an office in south africa, and they offer bonuses to the traders. For your information, bonuses are not allowed in the european union region.

Singapore is one of the top five forex centers in the world as its forex turnover is between $260-$300 billion/day. At present, there are more than 600 forex brokers are located in singapore, which includes banks, CFD brokers, and insurance companies to the forex. Among those, some of them are listed in the top 10 forex broker in the world. Monetary authority of singapore (MAS) regulates the forex brokers in singapore.

Dubai offers huge opportunities to trade in the forex. Securities commodities authority (SCA) of UAE regulates the forex brokers in dubai. However, the central bank of the UAE also regulates potential brokers. So, trading in dubai with regulated brokers is safe and reliable.

The asian economy is having its peak within a few years, which attracts more forex traders and brokers in this region. However, southeast asian countries are getting active in forex trading recently. However, some countries like bangladesh banned forex trading because of money laundering issues. On the other hand, retail forex trading is illegal in some asian countries like india. But, there are some loopholes too, which attracts traders from those asian countries to trade.

Since 2000, OTC forex trading is illegal in india. But, some traders are still trading through some undisclosed loopholes anyway. According to indian law, indians cannot send money to a broker account abroad. However, the indian trader uses third parties such as skrill, neteller to deposit funds with foreign brokers.

Of course, legal trading is also available on local exchange in india.

New zealand

New zealand has some best forex broker in the world, as there is no strict restriction like the US. Although NZ offers a simple registration process for the brokers. Furthermore, brokers are not fully regulated in new zealand. That’s why we had to test a lot of brokers to pick a broker from NZ to our top 10 forex broker in the world list.

As we all know, the swiss banking system is popular as one of the most secure and sophisticated systems. All those things make swiss brokers as trusted, reliable, and advanced to among the traders.

Swiss brokers need to sign the swiss banks and securities dealers agreement, which ensures the trader’s protection. However, licensed banks can only act as a forex broker in switzerland. As a result, some of the swiss brokers become the best forex broker in the world.

Conclusion

Given the fact of the changes in the online forex industry and market volatility, we act more intensely to provide our readers unbiased opinion on the best forex broker in the world. Besides, our top 10 forex broker in the world is handpicked by our experts, which is helping the trades to make their decisions throughout the year.

Рейтинг лучших брокеров форекс

Выбор надёжного брокера на рынке forex является ключевым фактором в достижении успеха в этом бизнесе. В рейтинг форекс брокеров входят лучшие форекс брокеры 2021 года, которые предоставляют гарантированную выплату и отлично подходят для трейдеров всего мира в целом и россии в частности.

Предупреждение о риске: ваш капитал подвержен риску.

Что такое форекс?

Форекс-это (forex) термин сокращение для "foreign exxhnange" (широко известный как FX), оно обычно используется для обозначения процесса покупки и продажи валют. Форекс-это мировой рынок для торговли валютами, это самый большой рынок в мире, открытый 24 часа в сутки с вечера воскресенья до вечера пятницы. Forex является наиболее ликвидным финансовым рынком, существует огромный объем торгов каждый день, обмениваются более чем в 5 триллионов долларов, там всегда много сделок.

Торговля на форекс

Рост валютных ценностей и падают друг на друга в силу целого ряда экономических, технических и геополитических факторов. Общая цель торговли на рынке форекс получить прибыль от этих изменений в стоимости одной валюты по отношению к другой. Все пары валют котируются с точки зрения одной валюты против другой, торговля на рынке forex является актом одновременно покупке одной валюты и продажа другой. Каждая валютная пара имеет "базовой" валюты и "счетчик" валюты. Базовой валютой является валюта в левой части валютной пары, а контрвалюта-справа. Например, в евро/долларах США, евро является "базовой" валюты и доллара "счетчик" валюты. Форекс трейдер будет покупать валютную пару, если он ожидает, что ее курс будет расти в будущем и продать валютную пару, если он ожидает, что ее курс будет падать в будущем.

Что такое брокер?

Трейдеры должны осуществлять свою торговую деятельность с помощью форекс брокера. Брокер выступает в качестве посредника между покупателем и продавцом, участвующих в сделках на forex. Они предоставляют торговую платформу, которая позволяет трейдерам покупать и продавать иностранную валюту. Трейдеры должны принять время, чтобы исследовать и сравнить варианты, чтобы найти брокера, который наилучшим образом соответствует их потребностям.

Предупреждение о рисках: инвестирование средств отличается высокой степенью риска. Имеется вероятность того, что вы потеряете все ваши первоначальные вложения.

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Brokers

Regulated forex brokers

When viewing the forex broker or a trading platform, it is the paramount priority to choose from the hundreds the most reliable one and the best forex provider, as it will determine the whole trading experience. Indeed, doing research and compare the vast number of forex brokers with many aspects to consider, maybe not an easy choice, as well time-consuming. So here we are ready to assist your selection and answer the most common questions.

Can I trade forex without a broker?

This may be the first question you would ask, as indeed forex market, FX or currency market is the largest global non-centralized exchange where trading process performed electronically via networks. While main forex participants are international banks and financial institutions operating huge volumes through a need to exchange currencies, presented as currency pairs, and assist international business with the conversion which is known as the interbank market.

Therefore, in order to trade fx you should be authorized dealer to do so, as well as operate a quite sufficient amount so before forex brokers were introduced to retail traders and global community it was not possible for trade markets. For this reason, forex trading brokers are the companies or agent if you like that gives retail forex traders access through its platform to operate forex market and trade various markets including commodity futures, indices, bonds, etc.

Do I need license to trade forex?

So this is another pleasant and great opportunity which is given by forex brokers, as you may access trading without financial or dealer license. Moreover, there are hundreds of opportunities with a relatively small investment which allows you to trade forex, do technical analysis and analyze markets almost instantly.

Are forex brokers regulated?

And now we will check the most crucial question if forex broker can be regulated, since the market is decentralized, and is it safe to trade forex? Obviously, this is the biggest trump you may fall as a retail trader if you choose a non-reliable, mainly non-regulated or offshore firm without a proper license you may easily fall into a scam and lose money.

So due to increasing demand and mainly that traders got no easy access to trading or financial education, the world countries established particular organizations or authorities in order to oversee the market proposals and regulate forex broker firms. So yes, forex brokers are regulated while holding a license from a local authority alike world known FCA in the UK, ASIC in australia, commodity futures trading commission CFTC in the USA, MAS in singapore and more.

What does a regulated broker mean?

The whole concept of regulation is to oversee forex business in a particular country or region, protect clients and ensure safe conditions while trading forex. So in simple words, regulated broker means a safe and legit broker that is compliant to various rules and criteria set by the international authority with the purpose to provide secure trading and good customer service. So its trading environment and provided services like technical analysis, education and tools are also aligned to the best practices.

In addition to its constant check on the service providing, authorities protecting clients throughout compensation schemes and other security checks, however, these conditions may vary from the regulator to another.

How do I know if my forex broker is regulated?

In order to check if broker is regulated or not, you should verify this information through the official brokers’ website first, as regulated companies always provide its licenses. And the next step is to verify a license through the official regulatory website. However, in our forex broker review you will find all the necessary information and license check as well.

It is a fact, unscrupulous brokers may easily fake information and assure you of its license while its not true, so always verify information through the official source. As well, adhere to trade with brokers regulated in serious jurisdictions, not the offshore once, as they luck of strong regulation, requirements and necessary safety measures. Read more by the link why avoid brokers from st vincent & the grenadines.

How to choose best forex broker?

Security of funds is always first in forex trading, for that reason, we recall your attention to open an account with regulated brokers only. Making it simple, regulated broker means that you will trade forex with proper security of funds and investment itself, so first of all good broker is a sharply regulated broker.

Further on, you should also check the necessary conditions and select offer suitable for you and trading strategy you deploy.

For this reason, we assist your selection and provide an assortment of efficient regulated brokers with updated on a weekly basis in-depth forex broker list. A professional detailed analysis with trading fees account overview, platform breakdowns while sorted by regulation, country or trading conditions, along with traders comments so smarter decision is easier now.

Top 10 best ECN STP forex brokers list 2021 (non dealing desk)

Top rated:

Over the years we have often noted that there is great confusion about the orders execution models used by forex brokers.

ECN… STP … DMA … dealing or non dealing desk… market maker…

Understanding all the differences is not that easy, especially for the beginner.

With our top 10 list (also specifically for UK and australia), we have tried to simplify things a little bit.

The ECN brokers (electronic communication network), the STP (straight through processing) and DMA (direct market access) can be grouped in the great family of NDD brokers, no dealing desk, opposed to the market maker brokers, which have a dealing desk.

Many users search for true ECN STP brokers because they don’t want the broker to be the counterpart of their orders. In other words, they do not want to have conflicts of interest where the broker might “hope” for your losses, that for them would mean gains, since they are the counterpart.

From our experience, when people search for the best ECN STP brokers, in essence they are looking for a non dealing desk broker, without really knowing what the difference between what ECN and STP are.

With an STP ECN broker you’re choosing a broker that will not be the counterpart of your orders, but that will simply work to find another counterpart to satisfy it. Basically, an ECN STP broker will not be interested in the success (or failure) of your operations, but they will only act as an intermediary in order to satisfy them.

Among the various execution models, the differences perceived, on the user side, actually are really low, especially for those who simply want to do forex trading with no particular operational needs.

However, the major point of any NDD broker is certainly the spread. This is usually lower (sometimes even zero) than the market maker one, and often has the ability to operate at extreme speed, even in scalping mode. It’s not a coincidence that almost every broker in our forex broker with lowest spread article is an ECN-STP dealer.

Best ECN STP forex brokers 2021

Here’s our list of the ECN STP forex brokers. In this listing you will also find the best australian and UK ECN brokers.

1. Pepperstone

A relatively new broker, operating since 2010, it has quickly become one of australia’s best forex brokers (with many awards confirming this), highly appreciated by asian traders and investors. Pepperstone is one of the few forex brokers to offer, in addition to the access to an ECN, a DMA (direct market access) execution. The trust shown in this broker is further bolstered by their solid regulation put in place by both the FCA and ASIC to protect traders.

Trading through pepperstone, on top of the best execution, you will find 2 distinct account types available in the form of the pepperstone razor and standard accounts. Both offer an accessible minimum deposit amount of $200 and a great starting spread that starts from 0 pips on the razor account. This along with a great value active trader program help to reduce trading costs significantly.

2. Hotforex

Voted by world finance as best broker for asia in 2012, hotforex is one of the new brokers which are having great success, considering it has been operating since 2010. Hotforex has always focused on providing the best possible service for small beginner traders, who operate with small volumes. With hotforex you have a variety of platforms and, above all, 6 types of accounts to choose from (micro, premium, zero, fixed, VIP, auto).

A major point of attraction for traders when it comes to using hotforex as their ECN STP broker is the fact that they are comprehensively regulated by both the FCA and under mifid regulation providing the best security to traders. New traders are also very well catered for in terms of the minimum deposit being just $50, while a copy trading service is also available with a minimum deposit of just $100 depending on place.

3. Admiral markets

Originally a russian broker, but later transferred to london, admiral markets is another ECN/STP forex broker, winner of several awards during their time, which began in 2001. Admiral markets is renowned for its highly advanced analysis tools, with which traders can study every aspect of markets and prices to improve their trading performance. They are transparently regulated by both the FCA and cysec with a huge catalogue of assets available to trade numbering over 4,000 and including bonds, etfs, cryptocurrencies, and more.

The accessibly low minimum deposit required by admiral markets, being just $100, is something that has also attracted the attention of many newer traders in the sector. A low forex spread starting from 0 pips is also in place to make sure there is something to retain all traders who do choose to sign up.

4. FP markets

FP markets are another top australian broker with a very stellar reputation when it comes to ECN STP trading. They have been in the industry since 2005 and have advanced a great deal during that time thanks to their true no dealing desk approach providing the best prices. They are also regulated by the very well-trusted ASIC and cysec helping you feel very secure as a trader with this broker.

The satisfaction you will feel as a trader with FP markets is no doubt well boosted by the very low spread you can take advantage of here. This remains very low at only 0pips and with the efficient ordering style and liquidity meaning you will never miss a beat in the market. Trading is available through the best of platforms in MT4 and MT5, and the minimum deposit here stands at excellent value of just $100.

5. Forex.Com

One of the biggest forex brokers in the world, but predominantly known in the united states, and much less in europe and the rest of the world. Forex.Com (owned by the gain capital company) is therefore one of the few to accept american customers and provide a state-of-the-art ECN platform, called GTX direct. Along with being in prime position to welcome US forex trading, forex.Com is also well-regulated by both the FCA and ASIC, providing fixed spreads on commodities trading.

Traders can be attracted by the availability of fixed spreads, but more so by the very appealing, low minimum deposit of just $50 to get started in trading a huge choice of more than 90 forex currency pairs where the starting spread is a fantastic value 0.1 pips and there are more than 300 other markets available in indices, shares, and crypto. Trading choice to suit everyone.

6. Dukascopy

One of the largest, if not the largest swiss forex broker. Dukascopy bank SA is, in effect, a bank more than a broker, so much so that it is regulated as such. Through the dukascopy platforms you can access one of the largest ECN pools in the world, the swiss foreign exchange marketplace, where banks, hedge funds, institutional funds and large investors participate. This large scale operation you would think comes at a cost, but the minimum deposits here start from only $100, though they can reach $1,000 or even $100,000 depending on the area.

The cost of trading remains excellent too, with the spread starting from an extremely low 0.1 pips. The combination of an affordable deposit and very low spread have also made it a top forex scalping choice among traders that has further been boosted by the availability of a $100 welcome bonus depending on your location.

7. Roboforex

Roboforex is a large broker, originally from new zealand, but divided into two main branches, one for asia and southeast asia, one for europe. The european part is in fact based in cyprus. Roboforex is one of the forex brokers offering the chance to start with a cent account, ideal for those starting out, keeping the risks as low as possible. In this case, however, it’s a dealing desk execution. For the other accounts, instead, an excellent STP ECN system is provided. These are great options from a cysec and IFSC regulated broker where you can open an ECN ctrader account from just $10.

Added to these positives is the fact that the spreads start from as low as possible at 0 pips and you can access a great bonus infrastructure as a non-european trader, or a comprehensive active trader program from inside the EU.

8. LCG

The forex broker LCG, i.E. London capital group, is part of a holding company operating since 1996. With LCG there is no minimum deposit required to open a trading account, however, to access the ECN technology you need to keep at least $10,000 on your account. Once you do this you will have full access to the best that this ECN/STP broker has to offer including thorough regulatory oversight from both the FCA and cysec.

Added to that and a point that works in attracting and retaining many of the more experienced traders is that LCG makes a whopping 7,000 assets in total available to trade. These include a wide selection of bonds, interest rates, etfs, and vanilla options. The cost of trading in terms of spreads is also kept to a minimum with these starting out as low as 0 pips on forex markets.

9. Activtrades

Activtrades began as a swiss forex broker in 2001, before moving to london in 2005. Activtrades is very active mainly in italy, where they also received an award for best forex broker in 2011 and 2012. They are also very well-regulated by the FCA in the UK and provide traders with some of the best trading platforms in the business. This means that beyond their own trading platform, both MT4, and MT5 are available. Newer traders are also drawn by the fact there is no minimum deposit with activtrades.

Once you have an account, you will find a huge variety in available markets. This includes options, etfs, and a host of cfds as well as spread betting for UK traders. All of these positive reasons to trade here are wrapped up by the fact that spreads on forex start from a very competitive 0.5 pips.

10. ADSS

ADS prime’s mother company is ADS securities, the biggest forex broker of the united arab emirates. The european branch instead works with the name ADS prime and it is registered and operating in london. This means that the broker boasts extensive regulation from both the central bank of dubai, and the FCA in the UK even though they are headquartered in abu dhabi.

ADS has won great popularity among traders looking for fast ECN STP execution thanks to its broad range of markets and the selection of other services they offer. This includes trading in bitcoin and other investment support services. The value is evident with spreads starting at a low 0.1pips and accounts are very accessible with a $100 minimum deposit to trade through the well-known MT4 and the brokers own proprietary trading platform bringing a range of trading options for all.

What is a real ECN forex broker? How does it work?

This is the first question for many people when it comes to ECN forex brokers. What exactly is ECN?

Well, ECN stands for electronic communications network. Essentially, what an ECN broker does is connect users within this network so they can trade assets in this network, and directly with the financial markets. It effectively expedites the order execution process, and makes it much more direct at the same time.

Due to this, a real ECN forex broker is considered as being both an STP (straight through processing), and NDD (no dealing desk), all thanks to the fact that ECN execution provides no interference with the trading process whatsoever.

Added to this high speed, no interference efficiency, real ECN forex accounts also always provide a great combination of very low spreads, and some of the most lightning fast execution speed in the industry.

What are ECN liquidity providers? Why are they so important for ECN trading?

ECN liquidity providers are those who provide the prices to the broker which in turn can be offered to traders. Forex brokers will typically choose the best of these prices from their multiple liquidity providers to supply in their electronic communication network.

It is not uncommon for a top forex broker to have multiple liquidity providers. This allows them to have an increased level of liquidity, and in turn, offer the most stable, consistent, and lowest pricing on the forex market to their traders.

Overall then, we can see that ECN trading relies not only on the brokers to create a great experience, but also on the performance and offerings of each liquidity provider.

ECN account vs standard account: what’s the difference?

When it comes to comparing the differences between a true ECN account, and a standard account, you will find many of them. Here we have created a detailed list of some of the key differences you are likely to find:

Low forex spreads: ECN spreads usually start from 0 pips. While many of the top forex brokers may also supply very low and competitive spreads on a standard account, the standard account spread usually starts from 1pip or higher in many cases.

No requotes and slippage: the very deep liquidity which ECN brokers have, combined with the speed of execution for orders across the networks, mean there are no requotes needed, and occurrences of slippage are extremely rare.

Commissions per lot: since they often offer a considerably lower spread, ECN brokers usually do charge a small commission per every standard lot traded. This typically starts from around $3 per lot traded with many major forex brokers still staying very competitive on this point.

Order execution delay: as mentioned, the ECN order execution is lightning fast. This means there is no delay at all in completing the order. It makes it the perfect model for clients like scalpers.

Safety and transparency: ECN brokers, thanks to their own STP and NDD nature, cannot manipulate the market. They are almost completely uninvolved other than facilitating the network. This means they are a very safe, and transparent way to trade.

Minimum deposit: the minimum deposit can be a little higher. This means you are usually looking at a $200 or more minimum deposit though there are some exceptions.

Why are ECN brokers perfect for scalpers?

We mentioned that ECN brokers are ideal for scalpers. This is the case since scalpers rely on very small market movements. They must get in and out of the market very quickly, so the lightning fast execution is a huge benefit. The tight spreads are also necessary as is stability that the deep liquidity can provide.

ECN accounts then, have all of the key components that a scalper will look for and need if they are to operate successfully. Another key requirement for a scalper to exploit the small market movements, is the availability of trading with brokers with high leverage. Typically, a leverage amount between 10:1 and 20:1 is enough to balance risk and reward for many.

Obtaining leverage in europe and the UK, under the FCA and ESMA regulations, brokers can offer a maximum leverage of 30:1 on major forex pairs. If you are trading from outside this area though, that amount can increase. An example here is australia or south africa where well-regulated brokers can provide to their clients up to 400:1 leverage on major forex pairs.

If you want to open an ECN scalping account, check our opinion on the best ECN scalping forex brokers before making your next move.

What is the best ECN forex trading platform?

The final component to consider, and a key ingredient when choosing your ECN forex broker, is the ECN forex trading platform. If you are a scalper, then generally speaking, ctrader is the best for this. It is usually favored as a top ECN trading platform by brokers and traders alike.

Ctrader brings all the positive points of metatrader but is generally considered, for scalping, to be more efficient in order execution. This is the reason that many of our top ECN brokers on the listing offer ctrader as an option.

With that said, if the execution speed is not your biggest concern, and you just want to trade forex with an ECN broker and tight spread, then MT4 is an ideal forex trading platform for you to choose.

If you need an ECN broker with this specific feature, here’s our personal top 10 of the best MT4 ECN forex broker choices that may suit your needs.

ECN-STP forex brokers list

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money

Broker	min. Deposit	EUR/USD avg spread	fee/lot
pepperstone	$200	0.16 pips	$7
hotforex	$200	0.30 pips	$6
admiral markets	$100	0.60 pips	$6
FP markets	$100	0.09 pips	$6
forex.Com	$250	0.40 pips	$6
dukascopy	$100	0.29 pips	$9
roboforex	$100	0.10 pips	$6
LCG	$10000	0.20 pips	$4
activtrades	$1000	0.69 pips	$0
ADSS	$100	0.15 pips	$10

Pros and cons of the ECN-STP brokers

To round off, here are some of the key pros and cons we have found when it comes to ECN-STP brokers to look out for:

The trading costs with these ECN-STP brokers is generally lower overall.

Lightning fast order execution speed is always on offer with these ECN brokers featured.

Due to their minimum involvement, they are often some of the safest, and most transparent brokers to trade with.

Trading is highly influenced by the liquidity providers quality, how many liquidity providers they have, and the prices they can provide.

Minimum deposits for ECN accounts may be higher than the average you would find with a standard account. This can limit availability for newer, or casual traders.