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 nordfx_review FSC (Mauritius), CySEC (Cyprus), SEBI (India), IFSC (Belize) 5 USD
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trade12 trade12-review Not regulated 250 USD
Rating (4.1 / 10)
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Iron FX ironfx-review IronFX Global Limited: CySEC (License No. 125/10) MiFID (Directive 2004/39/EC) 50 USD
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FinPro Trading finprotrading-review Not Regulated 100 USD
Rating (4 / 3)
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XM xm-review FCA (705428) Australian Securities and Investment Commission (443670) IFSC (60/354/TS/17) CYSEC (120/10) 5 USD
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