Understanding ECN Fees & Pricing

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.

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.

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

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

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

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

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.

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.