THE ECN room.

My ECN collection.... add more if you can:

http://www.baxter-fx.com/
http://www.dukascopy.com/
http://www.currenex.com/index.html
http://www.efxgroup.com/
http://www.espeed.com/
http://www.hotspotfx.com/
http://www.fxall.com/
http://www.fxmarketspace.com/
http://www.icap.com/
https://www.lavatrading.com/ (owned by Citi)
http://www.interactivebrokers.com/ibg/main.php
http://www.epathfx.com/ (formerly CoesFX I believe)
http://www.propfx.com/ (FXCM, not sure how legit this is)
http://www.tradewallstreet.com/ (not sure that this is an ECN yet)

There you have it, my full ECN collection. Now we need a list of clearing houses that will apply leverage to your money to execute over these ECNs.

VCapFutures is one. F.C. Stone is another.

any idea how i can signup with currenex with much less deposit.

I found this swiss based, www.finex.com

They offer currenex ECN type of account for deposit > $250,000
MT4 for smaller accounts (minimum $500)

In the small account, spreads are different than the ECN type (3 pips eurusd), but they claim they do straight through processing.

edit: this is an IB for finex: http://www.swissnetbroker.com/

I'm not quite sure I understand why you posted the link in your message. You were laughing at someone who (wanted high leverage) or (wanted to use mt4). IF it was the former (or indeed both) I cant see why you are now looking for a broker to offer you cnx whilst requiring a low margin req. Whilst there maybe a few places lik bcg who dont seem to mind their clients trading in ridiculously tiny size, most will req a min trade size of betwen 100-500k. I personally would not recommend being leveraged more than 4-5 times which at the extreme would require you to have at least 20k. IF you cannot affored to put in at least 20k, even 50k, you should forget about using cnx. IF you still insist on chasing then my advice is to look at bgc

by smaller deposit i mean less than 250k. thats QUARTER OF A MILLION DOLLARS. 20~50k is reasonable but 250k thats just out of my league.

leverage is the WHOLE point of retail forex. yes its designed to be disdavtanngeous cmon not even hedge funds use greater than 45:1 (only for arbitrages), and wait we retailers are given 100:1 ? but face it, its the only way to get returns that really we can live off on. and lets see if u had 250k start up capital, you wouldn't waste time lurking around here. actually i wouldn't trade forex, i would trade futures or real estate. the reason i was laughing at pipboy is because he was claiming he was pro yes he was asking unnecesarrily high leverage. 50:1 ~100:1 is the norm..

how about lavafx....

Hey merlin, I saw I received "infraction" - but I am not advertising anything, I posted the link to assist the person who started the thread and is trying to compile the list of ECNs. I can't send him private message, so I don't see how else I could help him. If posting the link was the problem then I can remove it from my post.

Please advice, since I can't send you private message I am posting here. I know that you are doing your best to keep the forum clean, and you guys are doing a great job, but in this case it's a false alarm.

Thanks

Hi,

I am looking for a ECN broker with MT4 as their platform. Any idea who they are???

Regards

Great discussion topic... thanks

If you think this is the whole point of trading fx as opposed to another instrument then you're trading for the wrong reasons

Any hedge fund that utilises > 10x leverage whether in fx or any other mkt is run by cowboys and most likely has less than 10m aum. I've worked at 2 of the biggest hedge funds in europe and havent come across a single fund older than 2yrs that has doube digit leverage across the whole fund.

okay awesome! i gave u my opinion and its totally good that you think different. np

curious, what would your reason be ? not money? just for the fun of it ?

The way the list is currently presented, there is no differentiation between ECN platforms (Currenex, FXall, etc), introducing brokers (propfx, and several that Moe posted) and retail ECN brokers (InteractiveBrokers, Dukascopy, EFX, etc). Perhaps for clarity, the OP could split up the list into those 3 categories.

Some of those brokers of varies ecn platforms.

apologies if i soudned rude. What i meant to get across was you shoudl be trading a particular instrument mainly due to how well you know its market, and whether the characteristics of it suite your trading style.

yyc196,

Check out http://www.aleccohfx.com. He talks more about it starting around post # 644. Here's the link from the forum for you:

http://www.forex-tsd.com/commercial-...-share-65.html

Yahoo and Hotmail email contacts, not even a real address, not regulated, "2-3 pips interbank spread on all majors". As "professional" as it gets

What does this have to do with the topic at hand anyways..

CURRENEX BROKERS AND IB.

http://www.zaner.com IB FOR MF GLOBAL
MINIMUM TO OPEN ACCOUNT 100K
MINIMUM TRADE SIZE 1M, 250M PER MONTH
LEVERAGE 100:1
COMMISSION $50 PER MILLION

http://www.vcapfx.com
MINIMUM TO OPEN ACCOUNT 250K
MINIMUM TRADE SIZE 1M.
LEVERAGE 100:1
COMMISSION $35-$50 PER MILLION

http://www.aarontrade.com IB FOR ADMD
MINIMUM TO OPEN ACCOUNT 75K
MINIMUM TRADE SIZE 500K.
LEVERAGE 100:1
COMMISSION $35-$50 PER MILLION


http://atcbrokers.com IB FOR BGCFX.
MINIMUM TO OPEN ACCOUNT 10K
MINIMUM TRADE SIZE 50K.
LEVERAGE 100:1
COMMISSION $35-$50 PER MILLION

http://admd.com
MINIMUM TO OPEN ACCOUNT 75K
MINIMUM TRADE SIZE 500K.
LEVERAGE 50:1 UPTO 250K THEN 30:1
COMMISSION $35-$50 PER MILLION

https://www.pfgforex.com
MINIMUM TO OPEN ACCOUNT 100K
MINIMUM TRADE SIZE 100K.
LEVERAGE 30:1
COMMISSION $35-$50 PER MILLION

http://www.odlsecurities.com
MINIMUM TO OPEN ACCOUNT $35K
MINIMUM TRADE SIZE N/A.
LEVERAGE 100:1
COMMISSION $35-$50 PER MILLION

Thanks Moe,

that's a prety good list you got there. One question, how did you find out the ODL minimum 35k? I checked their websites (UK and international) and couldn't find it. Did you contact them directly?

Also they seem to have 3 different types of software, depending on trade size, but I don't understand what is the difference, can anyone shed some light? They seem to have MT4, then ODL Trader (Trades of $10,000 nominal and over) and ODL Ariel (Trades of $100,000 nominal and over). What is the nominal? is it the actual amount you must have to put in that trade, or the leveraged amount?

Thanks

Could've sworn ODL Prime's minimum was $100k. I spoke with them directly over the summer. Their monthly volume minimum of $250MM was a bit high for my strategies.

I'm not familiar with ODL Ariel and their website doesn't have a section for it either. Do you have a link?

Hi Trader KGB,

I have a link but the last time I posted a link here I got a penalty from the moderator, I guess because I don't have many posts on the forum. I will try to send you by direct mail (private messages are also disabled cause I dont have many posts).

For anyone else interested in finding it, it's on their website but it's not easy to find. You need to click on the uk section, then FX, then software download, and there you will see the option to choose.

Also if you click on fund the account, it says they require 2000 USD. This has to be for the retail version.

Edit: the 2000 USD is on the USA website, the UK website has 1000 USD to open account minimum.
Edit2: the US account allows also gold and silver, the UK allows gold silver and CFDs. These are differences I spotted. Both accounts seem to be available in different currencies and allow sub accounts with ability to transfer funds between them.

Trader KGB I have emailed you with details, I hope you receive the mail.