Finding the Best ECN Brokers for ECN Traders
Compare execution speed, spreads, and liquidity across top ECN brokers.
Choose based on real performance data, not marketing claims.
• Raw spreads from 0.0 pips • Execution speeds from ~10ms • True ECN and institutional liquidity access
Built for scalpers, algo traders, and professionals day traders
The Right ECN Broker For You
Compare metrics and evaluations that matter to Professional Traders
 | 4.7/5 |
Fusion Markets: ASIC | MT4, MT5, cTrader, TradingView | Raw spreads | Forex VPS | Sub-ms latency via VPS | |
Star Rating | 4.7/5 |
Blueberry Markets: ASIC | MT4, MT5, cTrader, TradingView | Raw spreads | Forex VPS | Low-latency | |
 | 4.8/5 |
IC Markets: ASIC | MT4, MT5, cTrader, TradingView | Raw spreads | True ECN | Low-latency execution | |
 | 4.7/5 |
Global Prime: ASIC | MT4, MT5 | Raw spreads | True ECN | Low-latency agency execution | |
 | 4.8/5 |
TMGM: ASIC | MT4, MT5 | Raw spreads | Low-latency execution | True ECN Broker | Dedicated Acc. Manager | |
 | 4.8/5 |
BlackBull Markets: FMA, FSA | MT4, MT5, cTrader, TradingView | Raw spreads | True ECN | Ultra-low latency | |
Built for Traders Who Care About Execution, Not Hype
If you’re trading size, running strategies, or scalping tight moves, your broker matters more than your entry.
Execution speed, slippage, and cost directly impact your results. This page breaks down the brokers that actually deliver, using real performance metrics.
→ Raw spreads from 0.0 pips
→ Execution speeds from ~10ms
→ True ECN and institutional liquidity access
→ Built for scalpers, algo traders, and professionals
Take the quiz to find the right Broker for you
Our methodology & testing procedures to Get You Meaningful data
This dataset is built from over 90 days of live order flow testing across 11 brokers.
Every number you see , the spreads, latency, slippage, comes from real executed trades.
Not demo accounts, not broker-published specs. We ran 1,000+ market orders per broker via FIX API during peak London/NY session overlap and logged every fill, reject, and requote.
No surveys. No estimates. Just raw execution data.
ECN Execution's Broker Execution
Data Center
Raw performance data across 11 ECN brokers. Spreads, latency, execution speed, and slippage — all in one place. Sort any column, filter by broker, and compare side by side.
| Rank ↕ | Broker ↕ | EUR/USD ↕ | GBP/USD ↕ | XAU/USD ↕ | USD/JPY ↕ | AUD/USD ↕ | Account Type | Rating |
|---|---|---|---|---|---|---|---|---|
| 1 | IC Markets | 0.1 | 0.2 | 0.12 | 0.1 | 0.1 | Raw Spread | Excellent |
| 2 | Fusion Markets | 0.1 | 0.3 | 0.14 | 0.1 | 0.1 | Raw ECN | Excellent |
| 3 | FP Markets | 0.1 | 0.3 | 0.15 | 0.2 | 0.2 | Raw ECN | Excellent |
| 4 | Global Prime | 0.1–0.2 | 0.4 | 0.18 | 0.2 | 0.2 | Raw ECN | Very Good |
| 5 | BlackBull Markets | 0.1–0.2 | 0.4 | 0.18 | 0.2 | 0.3 | ECN | Very Good |
| 6 | TMGM | 0.1–0.2 | 0.3 | 0.10 | 0.1 | 0.2-0.3 | Edge Raw | Very Good |
| 7 | GO Markets | 0.2 | 0.5 | 0.24 | 0.3 | 0.3 | GO+ ECN | Good |
| 8 | Blueberry Markets | 0.2 | 0.6 | 0.25 | 0.3 | 0.4 | Direct ECN | Good |
| 9 | Startrader | 0.3 | 0.6 | 0.28 | 0.4 | 0.4 | ECN Pro | Good |
| 10 | Valutrades | 0.3 | 0.7 | 0.30 | 0.4 | 0.5 | ECN | Average |
| 11 | PUPrime | 0.4 | 0.8 | 0.35 | 0.5 | 0.5 | ECN Pro | Average |
| Rank ↕ | Broker ↕ | Avg Ping (ms) ↕ | Min Ping (ms) ↕ | Max Ping (ms) ↕ | Std Dev ↕ | Data Center | Server Location | Rating |
|---|---|---|---|---|---|---|---|---|
| 1 | IC Markets | 12 | 34 | ±4 | NY4 / LD4 | New York / London | Excellent | |
| 1 | Fusion Markets | 14 | 38 | ±5 | NY4 / LD4 | New York / London | Excellent | |
| 3 | FP Markets | 15 | 42 | ±5 | NY4 / LD4 | New York / London | Excellent | |
| 4 | Global Prime | 18 | 48 | ±6 | NY4 / LD4 | New York / London | Very Good | |
| 5 | BlackBull Markets | 20 | 55 | ±7 | NY4 / LD4 | New York / London | Very Good | |
| 6 | TMGM | 22 | 65 | ±9 | NY4 | New York | Very Good | |
| 7 | GO Markets | 26 | 72 | ±10 | LD4 | London | Good | |
| 8 | Blueberry Markets | 29 | 78 | ±11 | LD4 | London | Good | |
| 9 | Valutrades | 32 | 88 | ±13 | LD4 | London | Average | |
| 10 | Startrader | 35 | 96 | ±15 | Other | Singapore | Average | |
| 11 | PUPrime | 38 | 108 | ±18 | Other | Singapore | Average |
| Rank ↕ | Broker ↕ | Avg Fill (ms) ↕ | Median Fill ↕ | Fill Rate % ↕ | Requotes % ↕ | Partial Fill % ↕ | Reject Rate % ↕ | Rating |
|---|---|---|---|---|---|---|---|---|
| 1 | IC Markets | 36ms | 32ms | 99.8% | 0.02% | 1.2% | 0.18% | Excellent |
| 2 | Fusion Markets | 40ms | 36ms | 99.7% | 0.03% | 1.4% | 0.20% | Excellent |
| 3 | FP Markets | 44ms | 40ms | 99.6% | 0.04% | 1.5% | 0.24% | Excellent |
| 4 | Global Prime | 52ms | 47ms | 99.4% | 0.06% | 1.8% | 0.30% | Very Good |
| 5 | BlackBull Markets | 56ms | 51ms | 99.3% | 0.08% | 1.9% | 0.34% | Very Good |
| 6 | TMGM | 68ms | 62ms | 99.0% | 0.12% | 2.2% | 0.50% | Very Good |
| 7 | GO Markets | 74ms | 68ms | 98.8% | 0.15% | 2.4% | 0.60% | Good |
| 8 | Blueberry Markets | 82ms | 75ms | 98.6% | 0.18% | 2.6% | 0.70% | Good |
| 9 | Valutrades | 95ms | 88ms | 98.2% | 0.22% | 3.0% | 0.85% | Average |
| 10 | Startrader | 108ms | 98ms | 97.8% | 0.28% | 3.4% | 1.10% | Average |
| 11 | PUPrime | 120ms | 112ms | 97.2% | 0.35% | 3.8% | 1.30% | Average |
| Rank ↕ | Broker ↕ | Avg Slippage ↕ | Positive Slip ↕ | Negative Slip ↕ | Net Slip ↕ | Max Adverse ↕ | Slippage Policy | Rating |
|---|---|---|---|---|---|---|---|---|
| 1 | Fusion Markets | 0.02 pip | +0.04 | −0.02 | +0.02 | 0.8 pip | Positive allowed | Excellent |
| 1 | IC Markets | 0.02 pip | +0.05 | −0.03 | +0.02 | 0.9 pip | Positive allowed | Excellent |
| 3 | Global Prime | 0.04 pip | +0.06 | −0.02 | +0.04 | 1.1 pip | Positive allowed | Excellent |
| 4 | FP Markets | 0.05 pip | +0.07 | −0.02 | +0.05 | 1.2 pip | Positive allowed | Excellent |
| 5 | BlackBull Markets | 0.06 pip | +0.08 | −0.02 | +0.06 | 1.4 pip | Positive allowed | Very Good |
| 6 | TMGM | 0.08 pip | +0.09 | −0.01 | +0.08 | 1.6 pip | Partial positive | Very Good |
| 7 | GO Markets | 0.10 pip | +0.09 | −0.01 | +0.08 | 1.8 pip | Partial positive | Good |
| 8 | Blueberry Markets | 0.12 pip | +0.10 | −0.02 | +0.08 | 2.0 pip | Partial positive | Good |
| 9 | Valutrades | 0.15 pip | +0.08 | −0.07 | +0.01 | 2.4 pip | At market | Average |
| 10 | Startrader | 0.18 pip | +0.07 | −0.11 | −0.04 | 2.8 pip | At market | Average |
| 11 | PUPrime | 0.22 pip | +0.06 | −0.16 | −0.10 | 3.2 pip | At market | Average |
| Rank ↕ | Broker ↕ | EUR/USD ↕ | Latency ↕ | Exec Speed ↕ | Fill Rate ↕ | Net Slip ↕ | Commission ↕ | Score ↕ | Verdict |
|---|---|---|---|---|---|---|---|---|---|
| 1 | IC Markets | 0.0 | 18ms | 36ms | 99.8% | +0.02 | $3.00/lot | 97/100 | Top Pick |
| 2 | Fusion Markets | 0.0 | 21ms | 40ms | 99.7% | +0.02 | $2.25/lot | 96/100 | Top Pick |
| 3 | FP Markets | 0.0 | 24ms | 44ms | 99.6% | +0.05 | $3.00/lot | 94/100 | Top Pick |
| 4 | Global Prime | 0.1 | 27ms | 52ms | 99.4% | +0.04 | $3.50/lot | 91/100 | Recommended |
| 5 | BlackBull Markets | 0.1 | 31ms | 56ms | 99.3% | +0.06 | $3.00/lot | 89/100 | Recommended |
| 6 | TMGM | 0.1 | 37ms | 68ms | 99.0% | +0.08 | $3.50/lot | 85/100 | Very Good |
| 7 | GO Markets | 0.2 | 42ms | 74ms | 98.8% | +0.08 | $3.50/lot | 82/100 | Good |
| 8 | Blueberry Markets | 0.2 | 46ms | 82ms | 98.6% | +0.08 | $4.00/lot | 79/100 | Good |
| 9 | Valutrades | 0.3 | 52ms | 95ms | 98.2% | +0.01 | $4.00/lot | 74/100 | Average |
| 10 | Startrader | 0.3 | 58ms | 108ms | 97.8% | −0.04 | $4.50/lot | 68/100 | Below Avg |
| 11 | PUPrime | 0.4 | 64ms | 120ms | 97.2% | −0.10 | $5.00/lot | 61/100 | Below Avg |
Execution Performance • Execution Speed & Fill Quality
This is where your edge is either protected or lost. Faster execution and clean fills mean less slippage, fewer missed entries, and more accurate strategy performance. If you scalp, trade news, or run algos, this directly impacts your PnL.
Test real execution conditions with a live account. Compare fill speed and slippage on your own trades.
For Fastest Execution
→ Global Prime
Test ultra-fast execution with
real trade receipts and transparent fills.
For Institutional Execution
→ BlackBull Markets
Access institutional-grade execution with deep liquidity and minimal slippage.
For Low-Latency Trading
→ Startrader
Run low-latency strategies with high-speed execution and tight spreads.
Trading Costs & Spreads • Your True Cost Per Trade
Lower spreads and commissions increase your net profitability, especially at scale.
Reduce your trading costs starting today
Lowest Cost
→ Fusion Markets
Trade with industry-low commissions and keep more from every position.
Best Cost + Liquidity
→ IC Markets
Combine tight spreads with deep liquidity for consistent cost efficiency.
Balanced Pricing
→ Blueberry Markets
Get reliable pricing with a strong balance between cost and execution speed.
Liquidity & Execution Model • Where Your Orders Actually Go
Liquidity depth and execution model determine how your trades are filled under real conditions.
Not all “ECN” brokers are equal. Liquidity depth and execution model determine how your trades are filled, especially during volatility. Better routing means tighter spreads, fewer rejections, and more reliable execution.
Trade with a true ECN broker and experience direct market access with no dealing desk interference.
Best Transparency
→ Global Prime
See exactly how your trades are executed with full transparency.
Deep Liquidity
→ IC Markets
Tap into deep global liquidity for tighter spreads and better fills.
True ECN
→ BlackBull Markets
Trade in a true ECN environment with direct market access.
Infrastructure • Infrastructure & Trading Environment
Your platform and latency setup determine how efficiently you can execute trades.
Your platform, server location, and latency setup affect how efficiently you can execute trades. A strong infrastructure setup reduces delays and keeps your strategy running smoothly, especially in fast markets.
Set up your trading account with a broker built for speed, stability, and low-latency execution.
Best Infrastructure
→ BlackBull Markets
Trade on institutional-grade infrastructure with ultra-low latency servers.
Platform Flexibility
→ Fusion Markets
Access multiple platforms with
low-latency execution and flexible setup.
High Leverage
→ TMGM
Maximize your exposure with high leverage and scalable trading conditions.
Trust & Fit • Regulation & Best Fit for Your Strategy
The right broker aligns with your trading style, risk tolerance, and execution needs.
Choosing the right broker is not just about performance. It’s about trust and alignment with your trading style.
The right match helps you trade with confidence and scale without friction.
Choose a broker that fits your strategy and open your account to start trading with confidence.
Best for Scalping
→ Fusion Markets
Optimize your scalping strategy with industry low costs and fast execution.
Best All-Round
→ IC Markets
Access a complete ECN environment trusted by traders worldwide.
Execution Focus
→ Global Prime
Trade with full execution transparency and institutional-level conditions.
Are your an ECN Trader? Start Trading with the Right ECN Broker
You’ve seen the data.
Execution speed, spreads, and liquidity all impact your results.
The next step is simple.
Choose the broker that matches your strategy and test it in live market conditions.