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#10 ECN Forex Brokers You Should Consider Investing In

Before diving into the subject I’ll begin with what’s ECN/STP brokers and how important for an investor to know whether a broker is an ECN broker or a market maker. I know, I started with a lot of techical terms. Let me define what are their meanings shortly:


  • ECN is the abbreviation of Electronic Communication Network. ECN brokers use a trading platform which is electronically connected to the network of international banks or liquidity providers. When you trade forex through that brokers it means you are trading with the real and true international markets.
  • STP stands for Straight Through Processing. From the start to the end, Everything is done  automatically and electrically without any manual intervention.
  • Market maker brokers, on the other side, quotes both a buy and a sell price in a financial instrument or commodity held in inventory. Their purpose for doing that is to make a profit on the bid-ask spread or turn. In other words, a market maker is a firm that stands ready to buy and sell stock on a regular and continuous basis at a publicly quoted price.
Market maker sounds quite risky for a broker, doesn’t it? You bet it is. What happens if investors make profit and the broker loses everyday? It will get become insolvent and will be unable to deposit what you own. They will bankrupt and you’ll lose money.


10 years ago, you would have no idea what’s the meaning of ECN broker, but thanks to the internet, you can get the free information by diving deep in your browsers by searching it. However, scammers never stop cheating. Due to the free information accessible to the public, most traders are now looking for ECN/STP brokers to open a forex trading account and this scammers know it and call themselves ECN/STP brokers now. So it’s hard to know for sure they’re telling the truth until you’re scammed!


That’s why I had to write this article and suggest you the top 10 ECN brokers which are preferred by investors all around the world. I’ll give you the list below, if you don’t believe me go ahead and analyze them on the internet by yourself. But believe me, I have been in this sector over decades and I know the trusted ECN brokers that can’t rip you apart.


Here is the #10 ECN Forex Brokers List. Read my review for each of them and open an account on which is best suitable for you.


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XM Forex

XM Forex broker is one of the most popular and well-known forex brokers around the world. XM has the licenses of the world’s leading regulations such as forex, FCA, and CySEC, ASIC

XM basically offers 3 different account types to its customers. These are Micro account, Standard account and Zero account. The minimum deposit is just $5 and spreads are competitive.

You should find more details about the broker in my XM Forex review.


Pepperstone is another most popular forex brokers located in Australia. The Company was founded in 2010 by a group of industry professionals with many years of experience in forex and technology fields.

Pepperstone is an award-winning broker and offers its clients tight spreads. The broker has great customer support. The maximum leverage is 1:500 and it is quite high.

For more information and deep analysis, you can read my Pepperstone review.

IC Markets

IC Markets is the forex broker with the third highest score on my list. The broker draws attention with its low ECN spreads.

The trading conditions that IC Markets offers are similar to those offered by Pepperstone. You can see the differences in my IC Markets vs Pepperstone article.

You can also find more details about the broker in my IC Markets review.

Admiral Markets

Admiral Markets is a forex and CFD broker which was founded in 2001. The broker is one of the most known brokers around the world.

Admiral Markets is a reliable forex broker. There are four companies behind the broker and all of them are regulated with different watchdogs. These watchdogs are FCA, ASIC, CySEC, EFSA.

The minimum deposit is $200, the maximum leverage is 1:500. And, the broker offers various trading instruments.

For more, you can check my Admiral Markets review.

Blueberry Markets

The last broker I’m going to talk about in this article is Blueberry Markets. The minimum deposit is $100, the maximum leverage is 1:500. Trading conditions are competitive.

I’ve added all the information about this broker in my Blueberry Markets review.