ECN Traders

ECN Traders can be divided into four main groups based on their trading strategies. The 4 main types are 1. Day traders 2. Scalpers 3. Swing traders and Positions traders, these types of traders are driven by their trading time frame and methods.
For any of these traders they all have certain traits which determine how successful they are as traders.

Good ECN Traders know how to handle risks well, they think for themselves, and focus on their own growth and development.
Traders should also know if they are trading for short, medium or long term investments, this also depends on their trading skills, time availability and risk tolerances.

Keynotes:
Trades should firstly be knowledgeable about trading before investing their funds, practicing with a reputable broker on a demo account is highly recommneded.
Based on the learnings and time available a trader can deciede what trading style, trading platfrom and financial assets are is suitable to trade with.

Qualities of a Successful Trader

Good traders are Committed

They Only focus on trading when trading. Anything that makes it hard to pay full attention to the markets is put away until the end of the trading day.

Good traders are responsible

They don’t put the blame for their own mistakes on other people. They think about things beyond what is obvious. Gets ideas from a lot of different places and isn’t afraid to do things that are strange or unexpected.

Good traders are risk managers

Trading losses are unpredictable. The risk wouldn’t exist if we knew. Good traders recognize that managing risk maintains their capital and emotional well-being.
Process, longevity, consistency. This trio lives off trading.

Good traders manage their Emotions

Good traders understand how emotions affect trading.
Good traders maintain composure to make superior trading selections.
To stay on top of their game, they practice mindfulness, exercise, or journaling. This helps individuals assimilate information and deal with challenging problems.

Good traders practice self-control and Increase their Awareness

They react calmly no matter what’s going on. A good trader doesn’t get too excited about either losses or gains to the point where he can’t think straight.

Good traders practice introspection

They look at your own strengths and weaknesses again and again. Plans are made to take advantage of the strengths and make up for the weaknesses. Successful traders care less about how they compare to others and more about how they compare to their own standards.

Good traders are Realistic

They sets goals that are achievable. They don’t take crazy risks just to “improve” your chances of getting a windfall. Recognizes that traders have no control over the market and that traders will always lose money, no matter how good they are.

Good traders are patient

They know that it’s rare to get what you want right away. They don’t try to follow markets. They know there will always be chances in the future.

Good traders accept change

Not simply the market changes. Everything changes our lives, the world, our friends, our bodies, and our minds. Good traders welcome change. They adapt to change instead of rejecting it.
They also focus on what they can control. They’re savvy.

Good traders view failure as empowering

Failures make good traders curious and eager to improve. They know we learn from every step. So they don’t punish themselves (and others) They learn from their mistakes.
Trading is about struggle, evaluation, and adaptation. You lose, then succeed. Probably how most people progress. This road requires resilience, stamina, and a focus on growth.

Good traders think long-term

Many traders fail because they focus only on daily profits and losses. Good traders know it’s a numbers game. They don’t prioritize short-term results. Even short-term trading requires a long-term perspective
Good traders keep to their guidelines because they know their goals. They know the key to long-term market success is sticking with what works. They retain this in mind and heart.

Good traders think independently

Humans are survival-oriented. We’re like sheep behaviorally. Because the throng is comforting, we follow, want to fit in, and seek leaders. Trading and investing need to be unique. This requires new methods of thinking and acting.
Good traders did it. Their trading plan and process are solid. They don’t let others’ opinions sway their trades. They go Long and Short based on their strategy.

Traders with discipline

Disciplined traders succeed. They follow a trading plan. They know when to trade small and big. They know good trades from bad. They’re conservative with money, take losses when necessary, and choose transactions carefully.
Good traders delay gratification. They consider trading a marathon, not a sprint and are willing to endure short-term pain for long-term benefit.

Good traders remain positive

Traders with a positive mindset can better weather trading’s ups and downs. When the market gets rough, many traders tell themselves they’re paying for growth and will do better next time.
Good traders recognize trades might fail. They can accept a bad day because they believe in their trading talents and method. They keep their emotions in check and trade calmly.

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.

Broker

Regulators

Leverage

Spreads

Trading Acc.

Instruments

Connect

FCA, CySEC, FSA, CBCS, FSC, FSCA

Up to 1:3000

From 1 pip

Broker Type:
STP | ECN
 6 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

ASIC, VFSC

 Up to 1:500 

From 0.0 pips

Broker Type:
STP | ECN
 2 Accounts

Forex, Indices,
Commodities, 
Shares, Crypto

AFSL, ASIC, CySEC, FSA

Up to 1:500

From 0 pips

Broker Type:
ECN
6 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

ASIC,FCA, DFSA, FSC

Up to 1:500

From 0 - 0.4 pips

Broker Type:
STP | ECN
 3 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

CySEC, FSC BVI, FSC

Up to 1:1000

From 0 - 7 pips

Broker Type:
MM | Binary
 6 Accounts

Forex, Indices,
Commodities,
Metals, Energies, Shares, Crypto

CySEC, FSC, FSCA, ASIC

Up to 1:3000 

From 1 pip

Broker Type:
STP | ECN
 6 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

ASIC, FCA

Up to 1:500*

Floating spread from 0 pips

Broker Type:
STP | ECN
 6 Accounts

Forex, Indices,
Commodities, 

Metals, Energies,

Shares, Crypto

CIMA, ASIC, FCA

Up to 1:500*

From 0.4 pips

Broker Type:
STP | ECN
4 Accounts

Forex, Indices,
Commodities, 

Metals, Energies,

Shares, Crypto

VFSC

Up to 1:1000

Floating spread from 0.9 pips

Broker Type:
STP | ECN
4 Accounts

Forex, Indices,
Commodities, 
Shares, Crypto

IFSC

Up to 1:2000

From 0.0 pips

Broker Type:
MM | STP | ECN
5 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
ETFs, Shares, Crypto

ASIC, CySEC

Up to 1:500*

From 0.0 pips

Broker Type:
STP | ECN | DMA 2 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, ETFs Crypto, Bonds

Traits you have to acquire to become a Successful Trader

1. Optimistic Attitude

Successful traders are always optimistic, even when their latest profit and loss statement doesn’t support it. This is because they know that drawdowns are temporary and that they have the skills to start making money again. They also know that trading is a zero-sum game with winners and losers, and they always picture themselves on the winning side, no matter how things look in the short term.

2. A high sense of self-worth and self-esteem

Self-esteem affects profitability because buying, selling, and taking risks are emotional processes that require us to imagine the best possible outcomes. This is made harder when we think we aren’t good enough to be financially successful.

Successful traders know that they can’t consistently make money if they don’t feel like they deserve it. Over time, they learn that building self-confidence comes in small steps, one at a time, by making the right choices. In turn, they look back at each trading day with ruthlessness to make sure that each action was made with confidence and building wealth in mind.

3. A sense of power from the inside

In our personal and professional lives, we all have to deal with the fact that we have both power and no power.
Successful traders take on this challenge with a lot of enthusiasm because they know that building their own power is a direct way to get build wealth.

4. Don’t Worry About the Market

Successful traders spend as much time dealing with their own problems as they do getting ready for the market. They eat well and take care of their bodies, and they know that having fun is important to keep their trading skills at their best. When their own attempts to find balance fail, they also turn to clergy, mental health professionals, or gurus for help.

Your life outside of the financial markets is a perfect reflection of what you’ve done in the financial markets.

Now you can Start Trading with an ECN Broker

When compared to other types of brokers, an ECN broker can be very helpful for anyone who wants to start trading foreign exchange.
If you are new to the foreign exchange market, you should do some research to find an ECN broker that offers services that meet your needs and are backed by a good reputation.
Even though there are a lot of brokers in the business, ECN brokers may be the best choice for your overall trading needs because of the benefits they offer.

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

Exness

Since 2008

Offices:

UK, Cyprus, Seychelles

Exness

Minimum Deposit: Standard; Cent; Plus: $1 | Raw Spread, Zero, Pro:$200
Account currency: USD
Leverage: From 1:100 up to 1:2000
Accounts: Standard, Standard Cent, Standard Plus, Raw Spread, Zero, Pro
Instruments Offered: Forex, Indices, Metals, Energies, Shares, Cryptocurrencies
Trading Platform: MT4, MT5, WebTrader, Mobile, Free VPS hosting
Regulation: FCA, CySEC, FSA, CBCS, FSC,  FSCA
Spreads: Standard; Cent: from 0.3 pips,
Standard Plus: from 1 pip
Pro: from 0.1 pips,
Raw spread; Zero: from 0 pips,
Visit Broker Broker Review

AXI

Since: 2007

Offices:

UK, Australia, UAE, Saint Vincent & the Grenadines

AXI

Minimum Deposit: $1
Account currency: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
Leverage: Up to 1:500
Accounts: Standard, Pro, Elite
Instruments Offered: Forex, Indices, Commodities, Metals, Energies, Shares, Cryptocurrencies
Trading Platform:  MT4, PsyQuation with Axi,  WebTrader, VPS hosting
Regulation: ASIC,FCA, DFSA, FSC
Spreads Standard: from 0.4 pip, Pro: from 0 pip
Visit Broker Broker Review

InstaForex

Since: 2007

Offices:

Cyprus, St.Vincent & the Grenadines, 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: CySEC, FSC BVI, FSC
Spreads: 0 pips: Insta.Eurica and Cent.Eurica;
3–7 pips: Insta.Standard and Cent.Standard
Visit Broker Broker 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 Broker Broker 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
Spreads From 0
Visit Broker Broker Review

FBS

Since: 2009

Offices:

Cyprus, Belize

Minimum Deposit: $1 , €10
Account currency: Euro
Leverage: 1:3000 
Accounts: Standard Account, Cent Account, Demo Standard Account, Demo Cent
Instruments Offered: Forex, Indices, Commodities, Metals, Energies, Shares, Cryptocurrencies
Trading Platform: MT4, MT5, Multiterminal, WebTrader, FBS Trader, VPS hosting
Regulation: CySEC, FSC, FSCA, ASIC
Spreads: From 1 pip
Visit Broker Broker Review