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Understanding ECN Fees & Pricing

With the popularity of the Electronic Communication Network many reputable brokers. Have created specific trading accounts and conditions for ECN Trading.
Brokers understood the value of trading with through a ECN and provided clients with this facility.
We will uncover what ECN Fees are is, how is works, the fees involved trading in this type of account and how you and the broker makes money from trading on an Electronic Communication Network.

What are ECN Fees?

ECN fees are all of the fees charged by a broker that pair and facilitate the order of the buyer and seller.
This fee varies from broker to broker and should be compared based on your trading strategies and trades before settling on a specific ECN Broker.

How do ECN Fees work?

The fees for an electronic communication network (ECN) are usually a fraction of a cent per trade. ECNs charge a service fee for matching buyers and sellers who trade on their exchanges and networks.

Keynote:

When a trader places buy or sell orders that are seen as “removing liquidity” from the market, they have to pay ECN fees.

Recommended ECN Brokers

Choosing the correct broker for trading is critical to your trading journey, there are many factors you should take into consideration specifically for ECN trading before settling with the broker you may be trading with or when switching to a new choice broker which is best suited to your needs and factors which are important to you personally.

FXOpen

Since: 2005

Offices:

UK, Australia, Cyprus, Nevis 

  FXOpen

Minimum Deposit:$15
Account currency:GBP, USD, EUR
Leverage:Up to 1:500
Accounts:Micro, STP, ECN, Crypto, Demo
Instruments Offered:Forex, Indices, Commodities, Metals, Energies, Shares, Cryptocurrencies
Trading Platform: MT4,   MT5*, TickTrader*  Free Forex VPS Hosting
Regulation:ASIC, FCA
SpreadsMicro: Floating Spread
STP: Tight Spreads
ECN: Raw Spreads
Crypto: Tight Spreads
Visit BrokerBroker Review

FP Markets

Since 2005

Offices:

Australia, Cyprus, South Africa

FP Markets

Minimum Deposit:50 USD 
Account currency: USD, EUR, GBP
Leverage:1:500*
Accounts:Raw, Standard, Pro, IRESS account
Instruments Offered: Forex, Indices, Commodities, Metals, Energies, Shares, ETFs Crypto, Bonds
Trading Platform:MT4, MT5, cTrader, WebTrader, Mobile App,  Superior VPS solutions
Regulation:ASIC, CySEC, FSCA
Spreads:Raw:  from 0.0 pips,
Standard: from 1.0 pip   
Visit BrokerBroker Review

RoboForex

Since: 2009

Offices:

Belize

RoboForex

Minimum Deposit:$10
Account currency:USD, EUR, and GOLD
Leverage:1:2000 
Accounts:ECN, Pro, Prime, ProCent, R Stocks Trader
Instruments Offered:Forex, Indices, Commodities, Metals, Energies, Shares, Cryptocurrencies, Futures
Trading Platform:MT4, MT5, WebTrader, Free VPS-Server, R StocksTrader
Regulation:FSC 
Spreads:From 0.0 pips
Visit BrokerBroker Review

What are Spreads in ECN Trading?

The spread in any trading case is the difference between the buy (ask) and sell (bid) prices for a financial asset.
Since ECN brokers don’t charge a spread on the price of the financial assets, they will have fixed fees and commissions for each trade.

Forex trading

ECN Pricing with Brokers

Each Broker has their own fees for their ECN accounts these may vary from ZERO to a fraction of a percent or a fixed amount per lot.

Exness has 3 Trading Accounts:

Raw Spread: Lowest spreads with fixed commission per lot. Market execution.
From 0.0 Spread & Up to $3.50 for each side per lot Commission
Zero: Zero spread on the top 30 instruments. Market execution, no requotes.
From 0.0 Spread & From $0.2 each side per lot Commission
Pro: Our instant execution account, with zero commission & low spread.
From 0.1 Spread & Zero Commission

Exness

AXI has 3 Trading Accounts:

Standard Account: From 0.4 pips Spread with Zero Commission & 5 digit pricing
Pro Account: From 0.0 pips Spreads with $7 round trip (USD) Commission & 5 digit pricing
Elite Account: From 0.0 pips Spreads with $3.50 round trip (USD) Commission & 5 digit pricing

Instaforex has 4 Trading Accounts:

Insta.Standard: From 3-7 Spreads & Zero fees
Insta.Eurica: Zero Spreads & 0.03%-0.07% fees
Cent.Standard: From 3-7 Spreads & Zero fees
Cent.Eurica: Zero Spreads & 0.03%-0.07% fees

InstaForex

Eightcap has 2 Trading Accounts:

Standard Account: 0.5 – 1.8 pips Typical EUR / USD Spread & Zero Commission
Raw Account: 0.0 – 1.0 pips Typical EUR / USD Spread with 3.5 AUD, USD, NZD, SGD, CAD | 2.25 GBP | 2.75 EUR per standard lot traded Fees

eightcap

IC Markets has 2 Trading Accounts:

cTrader: Zero Spread & $3.0 ($6.0 per lot roundturn) Commission per lot
Raw Spread: Zero Spread & $3.5 ($7.0 per lot roundturn) Commission per lot
Standard: 0.6 Spread & Zero Commission

 ic-markets

How does ECN Pricing work?

With ECN trading, you can get tighter spreads and more price depth in the market. This is because the ECN brokers put together quotes from different participants so that you can get the best bid/ask spreads. Based on the lots traded brokers can either charge a fixed fee or commission on the lots traded.

ECN Fees by ECN Execution

ECN Rebates

What is an ECN rebate?

ECNs offer traders rebates as an incentive to encourage traders to create a market for the assets they’re trading.

How can Trading with ECN Fees and Pricing Benefit you?

Depending on your trades and lots sizes and financial assets, whether it’s forex, commodities, metals, or CFDs, select a broker which is transparent with their pricing and chose between the fees on the spread or the commissions on the lots traded.

Now you can Start Trading with an
ECN Account

Each broker has its own ECN Fees, which can be based on commission on lots or on spreads.

Choosing the correct broker for trading is critical to your trading journey, there are many factors you should take into consideration specifically for ECN trading before settling with the broker you may be trading with or when switching to a new choice broker which is best suited to your needs and factors which are important to you personally.
These are the brokers we have reviewed:

ECN Execution Recommended Brokers

FP Markets

Since 2005

Offices:

Australia, Cyprus, South Africa

FP Markets

Minimum Deposit:50 USD 
Account currency: USD, EUR, GBP
Leverage:1:500*
Accounts:Raw, Standard, Pro, IRESS account
Instruments Offered: Forex, Indices, Commodities, Metals, Energies, Shares, ETFs Crypto, Bonds
Trading Platform:MT4, MT5, cTrader, WebTrader, Mobile App,  Superior VPS solutions
Regulation:ASIC, CySEC, FSCA
Spreads:Raw:  from 0.0 pips,
Standard: from 1.0 pip   
Visit BrokerBroker Review

InstaForex

Since: 2007

Offices:

 British Virgin Isles

InstaForex

Minimum Deposit:From $1
Account currency:EUR, USD
Leverage:From 1:1 up to 1:1000
Accounts:Demo, Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica, PAMM
Instruments Offered:
Forex, Indices, Futures, Options, Commodities, Metals, Energies, Shares, Cryptocurrencies
Trading Platform:МТ4, МТ5, InstaTrader, WebTrader, Multiterminal, Mobile Trading, VPS hosting
Regulation:BVI FSC 
Spreads:0 pips: Insta.Eurica and Cent.Eurica;
3–7 pips: Insta.Standard and Cent.Standard
Visit BrokerBroker Review

FXOpen

Since: 2005

Offices:

UK, Australia, Cyprus, Nevis 

  FXOpen

Minimum Deposit:$15
Account currency:GBP, USD, EUR
Leverage:Up to 1:500
Accounts:Micro, STP, ECN, Crypto, Demo
Instruments Offered:Forex, Indices, Commodities, Metals, Energies, Shares, Cryptocurrencies
Trading Platform: MT4,   MT5*, TickTrader*  Free Forex VPS Hosting
Regulation:ASIC, FCA
SpreadsMicro: Floating Spread
STP: Tight Spreads
ECN: Raw Spreads
Crypto: Tight Spreads
Visit BrokerBroker Review

RoboForex

Since: 2009

Offices:

Belize

RoboForex

Minimum Deposit:$10
Account currency:USD, EUR, and GOLD
Leverage:1:2000 
Accounts:ECN, Pro, Prime, ProCent, R Stocks Trader
Instruments Offered:Forex, Indices, Commodities, Metals, Energies, Shares, Cryptocurrencies, Futures
Trading Platform:MT4, MT5, WebTrader, Free VPS-Server, R StocksTrader
Regulation:FSC 
Spreads:From 0.0 pips
Visit BrokerBroker Review

IC Markets

Since: 2007

Offices:

Australia, Cyprus, Seychelles

IC MARKETS

Minimum Deposit:200 US dollars
Account currency:USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC
Leverage:From 1:1 to 1:500
Accounts:Demo, Raw Spread, cTrader, Standard, Islamic, PAMM
Instruments Offered:Forex, Indices, Commodities, Metals, Energies, Shares, Bonds Cryptocurrencies
Trading Platform:cTrader, MT4, MT5, WebTrader, VPS hosting
Regulation:AFSL, ASIC, CySEC, FSA
SpreadsFrom 0
Visit BrokerBroker Review

EightCap

Since: 2009

Offices:

Australia, Vanuatu

EIGHTCAP

Minimum Deposit:$100
Account currency:AUD, USD, GBP, NZD, SGD, EUR
Leverage:1:30 for Australian clients
1:500 for Non-AU clients
Accounts:Standard Account, Raw Account
Instruments Offered:
Forex, Indices, Commodities, Metals, Energies, Shares, Cryptocurrencies
Trading Platform:MT4, MT5, Mobile, VPS hosting
Regulation:ASIC, VFSC
Spreads:From 0.0 pips
Visit BrokerBroker Review

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Cory has been a professional trader since 2005, and holds a Chartered Market Technician (CMT) designation. He has been widely published, writing for Technical Analysis of Stock & Commodities magazine, Investopedia, Forbes, Benzinga, and others.