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ECN Trading Platforms: MT4 + MT5 & other Proprietary Trading Apps

Finding the best ECN Trading Platform depends on the broker, and what trading platforms they produce their clients, Popular ECN Trading Platforms are (MT4) Metatrader 4 & (MT5) Metatrader 5. These Trading Platforms facilitate your trades to the interbank, largest liquidity pools with trading tools such as indicators, robots and addons for charting. 

Keynote:
MetaTrader 4 & 5 are the industry standard for trading forex, and other financial assets, with the rise of mobile so has each established broker creating their own mobile trading platform.

The Different Types of ECN Trading Platforms

There are two main types of ECN trading platforms: Proprietary platforms and MetaTrader platforms.

Proprietary Platforms

Proprietary platforms are developed by individual brokerages and are only available through that brokerage.
Proprietary platforms offer a more user-friendly interface and more features and customization options.

MetaTrader Platforms MT4 & MT5

MetaTrader platforms, on the other hand, are created by a third party (MetaQuotes) and offered by a variety of brokerages.
Each platform category has its own benefits and drawbacks.
MetaTrader platforms, on the other hand, are more popular and provide greater trading location flexibility.

MetaTrader platforms are more popular and provide greater trading location flexibility.

Each type of platform has its own benefits and drawbacks, so it is essential to choose the platform that best suits you best.

The Benefits of ECN Trading Platforms

ECN trading platforms assist traders. First, they provide more markets and assets. ECNs connect traders to other traders, banks, and institutional investors. This increases market liquidity and improves trading prices.

ECN platforms have cheaper spreads and commissions. ECNs charge a tiny trade commission instead of a spread. If you’re a high-volume trader, this can affect your profits.

Finally, ECN platforms are more transparent. Electronic trading and real-time prices make this possible. This ensures pricing transparency and eliminates price manipulation.

ECN trading platforms are perfect for traders who seek more markets and assets, smaller spreads and costs, and greater transparency. ECN trading platforms may offer a market edge.

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

Max. Leverage

Spreads

Trading Acc.

Instruments

Connect

FP Markets 

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

Eightcap

ASIC, VFSC

 Up to 1:500 

From 0.0 pips

Broker Type:
STP | ECN
 2 Accounts

Forex, Indices,
Commodities, 
Shares, Crypto

IC Markets

AFSL, ASIC, CySEC, FSA

Up to 1:500

From 0 pips

Broker Type:
ECN
6 Accounts

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

Axi 


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

InstaForex

BVI FSC

Up to 1:1000

From 0 pips

Broker Type:
MM | Binary
 6 Accounts

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

NordFX

VFSC

Up to 1:1000

Floating spread from 0.9 pips

Broker Type:
STP | ECN
4 Accounts

Forex, Indices,
Commodities, 
Shares, Crypto

FXOpen 

ASIC, FCA

Up to 1:500*

Floating spread from 0 pips

Broker Type:
STP | ECN
 6 Accounts

Forex, Indices,
Commodities, 

Metals, Energies,

Shares, Crypto

Vantagemarkets

CIMA, ASIC, FCA

Up to 1:500*

From 0.4 pips

Broker Type:
STP | ECN
4 Accounts

Forex, Indices,
Commodities, 

Metals, Energies,

Shares, Crypto

RoboForex

FSC

Up to 1:2000

From 0.0 pips

Broker Type:
MM | STP | ECN
5 Accounts

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

Fxview

CySEC, FSCA  and FSC

Up to 1:500

From 0.0 pips

Broker Type:
Raw | Zero | Premium
3 Accounts

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

FBS

CySEC, FSC, FSCA, ASIC

Up to 1:3000 

From 1 pip

Broker Type:
STP | ECN
 6 Accounts

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

Blackbull
Markets

FMA, FSA

Up to 1:500

From 0.0 pips

Broker Type:
STP | ECN

6 Accounts

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

  Review  


Blueberry Markets

ASIC, SCB

Up to 1:500

From 0.0 pips

Broker Type:
ECN | MM
2 Accounts 

Forex, Indices,
Commodities,
Shares, Crypto

  Review  


VALUTRADES

FCA, VFSC
CIMA, ASIC

Up to 1:500

From 0.0 pips

Broker Type:
ECN | MM
4 Accounts 

Forex, Indices,
Commodities,
Shares, Crypto

  Review  


FXGT

SFSA, FSCA, CySec*

Up to 1:500

From 0.0 pips

Broker Type:
STP | ECN

6 Accounts

Forex, Indices,
Commodities,
Shares, Crypto

  Review  


SVGFSA, FSC, FSA

Up to 1:500

From 0.0 pips

Broker Type:

STP | ECN 

3 Accounts

Forex, Indices,
Commodities,
Shares, Crypto

Exness

FCA, CySEC, FSA, CBCS, FSC, FSCA

Up to 1:3000

From 0.4 pip

Broker Type:
STP | ECN
 6 Accounts

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

  Review  


FINMA 

Up to 1:100

From 0.1 pip

Broker Type:
STP | ECN
 7 Accounts

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

The Best ECN Trading Platforms for Beginners

If you’re new to ECN trading, try a custom platform. These platforms are usually more beginner-friendly and offer more support.

cTrader, JForex, and SaxoTrader are beginner-friendly proprietary ECN trading systems. Demo accounts, instructional resources, and customer assistance are available on these ECN trading platforms.

Consider your personal preferences while picking an ECN trading platform. cTrader, for instance, has advanced features and tools.
IC Markets‘ cTrader or PsyQuation with Axi may be better for beginners. Your needs determine the finest ECN trading platform.

If you’re unsure which ECN trading platform is best for you, test a couple. Most platforms provide demo accounts so you may try them out before signing up. This lets you find the perfect platform without risking money.

The Best ECN Trading Platforms for Experienced Traders

If you’re an experienced trader, consider MetaTrader. These platforms are more popular with experienced traders and offer more trading freedom.

MT4 and MT5 are good MetaTrader platforms for experienced traders. These platforms offer advanced charting, expert advisors, and backtesting options to maximize your trade.

MetaTrader platforms are accessible on many devices for mobile trading. Most MetaTrader brokers offer 24/7 support.

The Pros and Cons of ECN Trading Platforms

ECN trading platforms offer a number of advantages for traders, but there are also some disadvantages to using these platforms. Some of the main pros and cons of ECN trading platforms are listed below.

Pros

Access to a wider range of markets and assets
Lower spreads and commissions
Greater transparency

Cons

Platforms can be complex to use
Not all brokerages offer ECN trading
ECNs can charge high fees for some trades

ECN trading platforms can be a great option for traders who are looking for access to a wider range of markets and assets. These platforms can also offer lower spreads and commissions.

However, there are also some drawbacks to using ECN trading platforms. These platforms can be complex to use and not all brokerages offer ECN trading. ECNs can also charge high fees for some trades.

How to Choose the Right ECN Trading Platform

Choose the right ECN trading platform if you’re considering it. Choose an ECN trading platform based on your experience, markets, and fees. Choose a proprietary or MetaTrader platform. After considering these considerations, you should be able to choose an ECN trading platform.

Consider your experience before picking an ECN trading platform. If you’re a novice, consider a simple platform with lots of resources. If you’re more advanced, choose a platform with more functionality. Either way, pick a suitable platform.

Trading marketplaces are equally significant. Make sure your ECN trading platform has access to the marketplaces you want. Consider your budget. Before choosing a platform, compare fees.

Now you can Start Trading with an ECN Broker

ECN brokers are ideal for beginners in foreign exchange trading.
If you are new to the foreign exchange market, you should investigate an ECN broker that meets your demands and has a high reputation.
ECN brokers may be perfect for your trading needs due to their features.

Choosing the right broker for ECN trading is crucial to your trading journey. There are many factors to consider before settling with your current broker or switching to one that better suits your needs and priorities.

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

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

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

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

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

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
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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.