A forex financial expert who uses electronic communications networks (ECNs) to provide its clients direct access to other participants in the currency markets. Because an ECN broker consolidates price quotations from several market participants, it can generally offer its clients tighter bid/ask spreads than would be otherwise available to them.
List of ECN Brokers
|Broker Name||Regulation||Min. Deposit||Ratings||More|
|NordFX||FSC (Mauritius), CySEC (Cyprus), SEBI (India), IFSC (Belize)||5 USD||
|trade12||Not regulated||250 USD||Submit Review|
|Iron FX||IronFX Global Limited: CySEC (License No. 125/10) MiFID (Directive 2004/39/EC)||50 USD||
|FinPro Trading||Not Regulated||100 USD||Submit Review|
|XM||FCA (705428) Australian Securities and Investment Commission (443670) IFSC (60/354/TS/17) CYSEC (120/10)||5 USD||