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Best ECN Brokers

  • #1
  • First Post: Jun 25, 2020 12:33am Jun 25, 2020 12:33am
Hello Traders, i hope all are doing well & great. I & some novice traders would like to know with which ECN brokers you are trading with and how's your experience with them,do you think going with ECN broker is a good choice or STP is also fine. My main concern is on spread & commission based on scalping,hedging & daytrading.
I hope some of you can guide us by sharing your years of experience with your brokers so that we can get some easy help for choosing the reliable & trusted brokers.

Thanks
  • #2
  • Jun 27, 2020 1:11am Jun 27, 2020 1:11am
For scalping Exness is the best Raw spread accounts is zero spread and very low commission with a vey Good execution , they also have very profitable social traders https://social-trading.exness.com/a/pm8fdhuq they have instant withdrawals also
  • #3
  • Jun 29, 2020 1:42am Jun 29, 2020 1:42am
Quoting asalami23
Hello Traders, i hope all are doing well & great. I & some novice traders would like to know with which ECN brokers you are trading with and how's your experience with them,do you think going with ECN broker is a good choice or STP is also fine. My main concern is on spread & commission based on scalping,hedging & daytrading. I hope some of you can guide us by sharing your years of experience with your brokers so that we can get some easy help for choosing the reliable & trusted brokers. Thanks
Currently I use IB, Hotforex and Tickmill, the rule of thumb is to use several brokers and constantly compare their execution. When one of brokers start to perform badly (comparing to two others) I remove it and include a new broker. A kind of dynamic broker testing which helps me to maintain high quality of execution. Some brokers tend to lose quality of their execution and spreads and this is the issue you can't spot without constant comparisons.
  • #4
  • Jun 29, 2020 3:03am Jun 29, 2020 3:03am
Quoting bottomhigh
{quote} Currently I use IB, Hotforex and Tickmill, the rule of thumb is to use several brokers and constantly compare their execution. When one of brokers start to perform badly (comparing to two others) I remove it and include a new broker. A kind of dynamic broker testing which helps me to maintain high quality of execution. Some brokers tend to lose quality of their execution and spreads and this is the issue you can't spot without constant comparisons.
Right now i am using XM & ADSS in which XM has very bad SL & TP in all pairs,metals,stocks,etc compare to ADSS,and because of it i was loosing most of the scalping trades,so i withdrawn remaining balance from XM and researching on FXCM,FP markets & ICMarkets as they are reputed as ECN brokers and has very low spreads compare to others.But in FXCM & FPmarkets Demo accounts spreads are different and very volatile as shown on their websites.
I want to try and make sure i am using reliable broker before depositing huge funds for trading. Hope i find good broker.
Will try Tickmill.
  • #6
  • Jul 8, 2020 11:33pm Jul 8, 2020 11:33pm
right now im using global prime, this article may also help you decide what type of broker to choose, https://www.thesearcherslist.com/201...t-spreads.html
  • #7
  • Jul 16, 2020 5:38am Jul 16, 2020 5:38am
The ECN broker i have been using is turnkey forex. So far, my experience has been good with them. Customer support is quite supportive. For me, i'd suggest ECN over STP. Spreads with them generally remain low and i think they would be good for scalping. As for comm. charges, it is only $2/100K RT with them.
  • #8
  • Jul 17, 2020 9:26am Jul 17, 2020 9:26am
I'm from the UK I like IC Markets it's been pretty sweet for me
  • #9
  • Jul 20, 2020 3:09am Jul 20, 2020 3:09am
Quoting Gomez.ser
I'm a beginner in Forex Trading and looking for a broker that offers good customer support including help with Trade placing. Ideally looking for a regulated broker who has been in market for long.
Hi , you from which country?
  • #10
  • Jul 20, 2020 7:51pm Jul 20, 2020 7:51pm
XM is for me and I am using it for one year and have no problems.
  • #11
  • Jul 27, 2020 2:13am Jul 27, 2020 2:13am
Any broker recommendation with real ECN pricing that allows opening account with low balance like 200 USD or similar? I mostly scalp so a broker with tight spreads and fast execution would be an advantage for me.
  • #12
  • Jul 27, 2020 10:35am Jul 27, 2020 10:35am
No real ECN broker will offer mini/micro accounts
  • #13
  • Jul 28, 2020 5:27am Jul 28, 2020 5:27am
The ECN brokers I see are icmarkets.com ,they offer very low spreads . Or tradeviewlatam.com, they have been a big broker for many years since 2004.
  • #16
  • Jul 30, 2020 9:27am Jul 30, 2020 9:27am
dear members , tell me about cabana capitals broker . is it scam or a regulate broker, can i trade with it
  • #17
  • Jul 31, 2020 9:33am Jul 31, 2020 9:33am
Does anyone know of brokers that can use Gold as the base currency?
  • #18
  • Aug 18, 2020 4:40am Aug 18, 2020 4:40am
In my opinion, a reputable exchange that is easy to trade, high leverage, and low com commission fees, only the #enxenss floor
I also traded on the floor for a long time
returns 1% per day
  • #19
  • Aug 18, 2020 6:16am Aug 18, 2020 6:16am
Quoting Percival
No real ECN broker will offer mini/micro accounts
So what will be the minimum deposit for ecn account?
  • #20
  • Aug 18, 2020 6:54am Aug 18, 2020 6:54am
Quoting asalami23
{quote} So what will be the minimum deposit for ecn account?
Brokers usually require 100-200$ minimum deposit for ECN accounts, for example, fpmarkets 100$, globalprime 200$, Tickmill 100$, admiral markets 100$. But also there's London Capital Group which require 10.000$ balance for ECN account and you need to apply for an account by sending request to their e-mail address (seems a bit professional, yes? lol). But also make sure brokers execute or can execute, or hedge trades with Liquidity Providers, not brokers' themselves. STP broker is always STP in terms of execution. But there're difference about ECN brokers. There's ECN pricing and ECN execution. For example ECN brokers that offer ECN pricing is that they can execute trade as your counterparty, but spreads, pricing, quotes are ECN. Brokers offer ECN execution is that they execute your trades with LP's, broker's itself is not your counterparty, broker is in your side. I'm going to attach my conversation with FP Markets, then you'll understand better.

Above information may not be 100% true, it's just my research done on Internet, by talking to different brokers. If anyone has exact true information, can write as a post. Thanks.

(Whatsapp number is taken from Fp markets facebook page).
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