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 developed by a third party (MetaQuotes) and are available from a range of different brokerages.
Each type of platform has its own advantages and disadvantages.
MetaTrader platforms, on the other hand, are more widely used and offer more flexibility in terms of where you can trade.
MetaTrader platforms are more widely used and offer more flexibility in terms of where you can trade.

Each type of platform has its own advantages and disadvantages, so it’s important to choose the right platform for your needs.

The Benefits of ECN Trading Platforms

ECN trading platforms offer a number of benefits for traders. Firstly, they provide access to a wider range of markets and assets. This is because ECNs connect traders with a range of market participants, including other traders, banks, and institutional investors. This means that there is more liquidity in the market and that trades can be executed at better prices.

Secondly, ECN trading platforms offer lower spreads and commissions. This is because ECNs charge a small commission on each trade, rather than a spread. This can make a big difference to your bottom line, particularly if you’re a high-volume trader.

Finally, ECN trading platforms offer greater transparency. This is because all trades are executed electronically, and prices are displayed in real-time. This means that there is no scope for price manipulation and that you always know exactly what you’re paying.

ECN trading platforms are therefore ideal for traders who want access to a wider range of markets and assets, lower spreads and commissions, and greater transparency. If you’re looking for an edge in the markets, an ECN trading platform could be the answer.

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

The Best ECN Trading Platforms for Beginners

If you’re new to ECN trading, then you might want to consider using a proprietary platform. This is because these platforms are usually more user-friendly and offer more support for beginners.

Some of the best proprietary ECN trading platforms for beginners include cTrader, JForex, and SaxoTrader. These platforms all offer a range of features and tools to help you get started with ECN trading, including demo accounts, educational resources, and customer support.

When choosing an ECN trading platform, it’s important to consider your individual needs and preferences. For example, if you’re looking for a platform with advanced features and tools, then cTrader might be a good option.
However, if you’re just starting out, then a simpler platform like cTrader provided by IC Markets, or PsyQuation with Axi might be a better choice. Ultimately, the best ECN trading platform for you is the one that best meets your individual needs.

If you’re not sure which ECN trading platform is right for you, then it’s a good idea to try out a few different ones. Most platforms offer demo accounts, which allow you to test out the platform and see how it works before committing to a real account. This is a great way to find the right platform for you without risking any real money.

The Best ECN Trading Platforms for Experienced Traders

If you’re an experienced trader, then you might want to consider using a MetaTrader platform. This is because these platforms offer more flexibility in terms of where you can trade, and they’re more widely used by experienced traders.

Some of the best MetaTrader platforms for experienced traders include MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms offer a range of features and tools that can help you get the most out of your trading, including advanced charting tools, expert advisors, and backtesting options.

MetaTrader platforms are also available on a range of different devices, so you can trade on the go. And, if you need any help, most MetaTrader brokers offer customer support 24/7.

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

If you’re thinking of using an ECN trading platform, then it’s important to choose the right platform for your needs. There are a few things to consider when choosing an ECN trading platform, including your level of experience, the markets you want to trade, and the fees you’re willing to pay. You should also consider whether you want to use a proprietary platform or a MetaTrader platform. Once you’ve considered all of these factors, you should be able to choose the right ECN trading platform for you.

When choosing an ECN trading platform, it’s important to consider your level of experience. If you’re a beginner, then you might want to choose a platform that’s easy to use and has a lot of resources to help you learn. If you’re more experienced, then you might want to choose a platform that offers more advanced features. Either way, make sure you choose a platform that’s right for your needs.

It’s also important to consider the markets you want to trade. Some ECN trading platforms only offer access to certain markets, so it’s important to make sure the platform you choose offers access to the markets you’re interested in. You should also consider the fees you’re willing to pay. Some ECN trading platforms charge higher fees than others, so it’s important to compare fees before you choose a platform.

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
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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