Below there is rating of the ECN Forex brokers which provide Forex traders with a direct access to other Forex market players – retail and institutional. ECN Brokers have the following advantages: no anti-scalping; no «stop-loss hunting», very low spreads; and disadvantages – ECN Brokers take commission for trading at Forex.
However, despite of all pros and cons ECN Brokers are rather popular among traders.
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1 |
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InstaForex |
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On-line since: 2008
Country of origin: Russia
Regulation: Regulated by Russian FFMS.
Payment options: Moneybookers, wire transfer, credit cards, Liberty Reserve, WebMoney, e-Bullion, e-gold and RuPay
Minimum account size: $1
Minimum lot size: 0.01
Leverage: from 1:1 to 1:1000
Spreads: 3 pips on EUR/USD Web-site: instaforex.com
InstaForex is ECN-Broker, provided qualitative trading services on Forex market. Cooperation with the biggest market makers and huge Brokers-contractors complete with broad client base provide InstaForex with high liquidity and opportunity to provide really fast on-line service to its clients.
InstaForex Company is recognized as the best broker in Asia 2009 following the results of World Finance Award, the respectable reward in the world of financial markets, held by the World Finance magazine annually. One more established European magazine CNBC Business Magazine acknowledged InstaForex Company as the most dynamically developing Forex-broker in 2009. InstaForex Company was also recognized as the best Forex-broker according to the results of ShowFxWorld and ShowFxAsia exhibitions, which were held in Moscow and Kuala-Lumpur in 2009.
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76% |
24% |
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2 |
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United World Capital |
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On-line since: 2008
Country of origin: Cyprus
Regulation: Regulated by CySEC (Cyprus Securities and Exchange Commission) under the license number 093/08.
Payment options: PayPal, Moneybookers, credit cards, Netteller, AlertPay and wire transfer
Minimum account size: $25
Minimum lot size: 0.01 lot
Leverage: 1:500
Spreads: Variable — 1-4 pips on EUR/USD Web-site: http://www.uwcfx.ru
United World Capital is an independent member of the financial markets, one of the leading providers of on-line trading services for private and corporative investors. The Company’s clients live in more than 140 countries of the world.
United World Capital is a member of professional unions, such as the Society for Worldwide Interbank Financial Communications (SWIFT), the Swiss Worldwide Interbank Financial Services Association (SWIFSA), the Cyprus International Finance Services Association (CIFSA), the Cyprus Chamber of Commerce and Industry (CCCI) and the Cyprus Financial Services Firms Association (CFSFA).
LLC “Investment Company United World Capital UWC” is a member of the National Association of Securities Market Participants NAUFOR, the Russian Association of Financial Markets Members (RAUFR) and also a member of the fund section of the Moscow Interbank Currency Exchange (MICEX).
LLC “Managing Company United World Capital UWC” is a member of the National League of Management Companies (NLMC).
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57% |
43% |
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3 |
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MasterForex |
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On-line since: 2006
Country of origin: Россия
Payment options: WebMoney, Яндекс.Деньги, Liberty Reserve, bank wire, RBK Money,Integrated instaneous payment sistem, PayPal
Minimum account size: 1 $
Minimum lot: 0.001 lot
Leverage: 1:500
Spreads: 2 pips on EUR/USD Web-site: www.masterforex.org
MasterForex Company was established in 2006.
The general principles of MasterForex Company are: honest and open relationship with clients, experience and professionalism of managers, intention to offer the best trading conditions for clients. At present, MasterForex Company puts two types of real trading accounts at its clients’ disposal: cent and dollar accounts.
MasterForex Company provides its clients with an access to the interbank currency market, directing the client’s orders to the Electronic Communications Network (ECN).
Initially, MasterForex was a dealing centre, nevertheless, now the Company is one of the dynamically developing Forex brokers, supplying its clients with a full range of high- quality services at Forex market.
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52% |
48% |
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4 |
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www.interactivebrokers.com |
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On-line since: 1998
Country of origin: USA
Regulation: Regulated by the SEC, NASD, NYSE, SFA and other regulatory agencies around the world.
Payment options: Bank wire, checks and on-line check
Minimum account size: $5,000
Minimum lot size: 1 lot
Leverage: from 1:20 to 1:50
Spreads: ECN broker - 1 pip (or lower) on EUR/USD Web-site: Interactive Brokers Group, LLC
The Interactive Brokers Group, Inc was established by Thomas Peterffy. Within the last 32 years, the Company was developing actively and became one of the leading companies in the segment of providing services for financial markets.
Interactive Brokers is working at more than 80 world financial markets, offering the professional traders the services of on-line trade, including trading at Forex, stock market, futures market and bonds trading across the world.
Interactive Brokers’ clients amount to around million traders from different countries.
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35% |
65% |
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5 |
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NordFx |
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On-line since: 2008
Country of origin: Mauritius
Regulation: Regulated by Financial Service Commission (FSC) of Mauritius.
Payment options: Bank wire (USD, EUR, RUB), WebMoney, Moneybookers, Alertpay, Liberty Reserve, Robokassa, Z-Payment, Onpay.
Minimum account size: 5$
Minimum lot size: 0,1 lot
Leverage: 1:500
Spreads: 2 pips on EUR/USD Web-site: www.nordfx.com
Nord Group Investments Inc. has a certificate of registration №: 082831 C1/GBL issued by FSC Mauritius.
Nord Group Investments Inc. offers to individuals and corporate bodies a full scale of services for trading at the international currency market Forex and provides a possibility to enter into CFDs on such instruments as stocks, precious metals, futures on commodities and utilities.
Nord Group Investments Inc. has a right to manage financial assets of their clients, lead brokerage activity, and make transactions and operations on stock markets, futures and currency markets.
NordFx Company maintains business ties with such large companies, as Forex Capital Markets (FXCM) and MF Global Inc.
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33% |
67% |
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6 |
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Hotspot FX LLC |
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On-line since: 2000
Country of origin: USA
Regulation: Member of the National Futures Association (NFA) and is registered as a Futures Commission Merchant with the Commodity Futures Trading Commission (CFTC).
Payment options: Bank wire and checks
Minimum account size: $7,500
Minimum lot size: 1 lot
Leverage: 1:33 and 1:50
Spreads: ECN broker - spread varies Web-site: www.hotspotfx.com
Hotspot FXi company was established by group of the currency market professionals in 2000. Hotspot, Inc. is a subsidiary company of Knight Capital Group, Inc.
In 2001, the company got the US registration as a broker with the right to provide services for individuals in the international currency market Forex. In 2002, Hotspot FXi broker has run the first institutional model ECN Hotspot FXi.
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27% |
73% |
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7 |
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FXOpen |
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On-line since: 2005
Country of origin: Seychelles
Regulation: The FSC license was terminated in May 2010 - are not regulated.
Payment options: WebMoney, Liberty Reserve, Wire Transfer, AlertPay, Perfect Money, CashU, e-Gold
Minimum account size: from $25 for standard accounts , ECN/STP from $1000
Minimum lot size: 0,1 lot
Leverage: from 1:1 to 1:500
Spreads: 0,5 pips on EUR/USD Web-site: www.fxopen.com
FXOpen Company was established in 2003 as an educational project, offering team and individual lessons on technical analysis at the securities and Forex market.
The Company offers dealing services since 2005. Since the beginning of 2009 FXOpen provides for its clients trading via the Electronic Communications Network (ECN) with a direct execution of orders on the basis of MetaTrader 4 terminal, moreover, the Broker also offers swap-free accounts.
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14% |
86% |
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Forex section: LiteForex review
well liteforex do pay my withdrawal .. some are a little late and the customer service .. abit slow .. the good news, they just had a malaysia site for liteforex and the respond time does improved.
i would say they are not a bad but not that good ..
Forex section: Oanda review
This broker was very good in the past but now with all the volatility they have widened spreads, common is 10 pips on GBP/USD and no news pending, wideness in spreads is preplexing and must be treated with caution.
Forex section: Hotspot FX LLC review
I prefer to work with ECN brokers, not with Market Makers. Hotspot FX is true ECN (not like Fxopen and other bucket shops using fake licenses), so all the deals are proceeded at the interbank.
Forex section: Sucden review
Really good broker. I've been trading with them since they are online. Nice spreads, perfect execution and what is more important NO REQOUTES! =))
Forex section: Alpari review
alpari ru , nz limited , is just a lie , they got your money and do trade for him self if profit they got that if trade was loss they show loss to some account ( have big money ) they dont support and hav not any right regulation ( just kroufr and that's in Russia and same brother of alpari ru dont answer to your compliant ) in the end alpari ru is Big Burglarize , give your money as soon as possible eminently , before they give all your money in a lie trade and you do not anythning . alpari = Cracksman
Forex section: Alpari review
"bad support bad speaking English in telephone" - Lol. Your English is perfect! :))))
I won't speak in support of Alpari - their PR people must do that. But it seems to me, it's kind of attack upon them. So I wouldn't take the words in 3 previous commetns for truth.
Forex section: Alpari review
(Alpari NZ Limited) are not members of NFA. Not good regoulation , cheating people because they trust them , they are like HYpe investment , afew money back and in the last eating all capital and have a answer term of business you agree in open an account , any way they are cheating trader and i thing like an SCAM hype program , KEEP AWAY from them and dont give your money under their hand (big money ) Just trade with NFA , FSC regoulation broker , Alpari LZ limited or alpari ru is not safe they cheating my 2500 USD in just 12 hour whit no position ( idont open position and see open position and loss all copital in 12 hure 2.0 lot ! size )
Forex section: FXOpen review
Dudes, NEVER open account with this SCAM! I hate them! They've stolen my money by requoting me during all the period I traded!! I've lost all my money due to this f#cking reuotes HOPE YOU WILL NEVER GET THE LICENSE BACK! I HATE YOU FXOPEN BASTARDS!
Forex section: FXOpen review
Just closed my account with FXOpen mafia. It seems I have chosen the right moment to safe my money from this dead company.
Forex section: Alpari review
(Alpari NZ Limited) are not members of NFA.
NFA’s Compliance Department
regarding the party referenced above. While NFA has developed a wide
range of investor protection rules to safeguard the integrity of the
futures markets and monitors all NFA Members for compliance, it appears
that the firm and individual in your inquiry (Alpari NZ Limited) are not members of NFA.