Most ECN transactions require high commissions, and fortunately, some brokers have lower ECN account commissions。Where to find them？

If you want to trade safely, you have to look for the best trading conditions。Finding the best broker for all your needs is not easy。Having said that, ECN account trading may be able to meet your needs。

There are many advantages to using an ECN broker compared to a regular STP broker。For example, you can trade outside of traditional trading hours, which provides great flexibility to part-time traders who work full-time and cannot actively trade during normal market hours。

It also avoids the larger spreads common in traditional brokers.。ECN can provide a degree of anonymity for those in need, so privacy is fully protected。All ECN brokers have access to the exact same data source and trade at accurate prices, meaning that price transparency is real and feasible.。

Brokers offering such accounts are also said to be able to offer their clients the best quotes in exchange for paying commissions。

Therefore, the following is a list of brokers with low commission ECN accounts, which will be discussed further in the text:

1. IC Markets: only 3 per lot per party.About $50 commission。
   FXTM: Charge an average of 0 based on volume.$40 - $2 commission。
   Vantage Markets: only $2 commission。
   FXOpen: Commission of 1 per standard lot.5美元。
   ThinkMarkets: Only 3 commission per lot per party.5美元。
   Exness: Charge up to 3 per hand.$5 commission。

Check out the broker's full range of products, benefits and services in the article below。

Brokers offering low commission ECN accounts

To avoid excessive cost per trade, a low commission ECN account may be ideal for you。

1. IC Markets

IC Markets offers one of the best low commission ECN accounts on the market right now。It is one of the best trading companies in Australia and aims to provide trading solutions for active day traders and scalpers, etc.。
The brokerage firm ensures low latency connections and excellent liquidity in order to provide the best trading conditions for all clients。IC Markets uses an ECN pricing model from an external unrelated liquidity provider, and customers will get the best price without the intervention of the trading desk.。
The ASIC-regulated broker has three account types, but the best one is said to be their original spread account。Through this feature, they provide some possible lowest spreads。Their commission fees are quite competitive, paying only about 3 per lot per party..$50 and can be accessed on multiple platforms including cTrader。
You can also trade contract for difference (CFD) assets here, which is an effective way to diversify your existing portfolio or hedge your trades。IC Markets offers flexible contract sizes that allow you to tailor trading to your risk management criteria。
Always be aware of how much capital risk you can take and be sure to develop the best strategy in advance。

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IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。

On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。

IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。

with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。

For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。

因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。

Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。

2. FXTM

Another low commission ECN broker you should consider is FXTM, which promises not to re-quote all its clients。

There are many benefits to using an ECN account in FXTM, one of which is floating leverage up to 1: 500。FXTM also offers other support features such as spread from 0, small minimum deposit, documentary trading platform and of course different trading platforms (MT4 and MT5 available on PC, iOS, Android and Windows Mobile devices)。

More importantly, their most recommended accounts offer ECN trading conditions with zero minimum spreads and an average commission of 0.$40-2。

Another reason to consider FXTM is its new trading app。FXTM Trader is an investment app designed to revolutionize your trading experience。With this app you can open and close positions in seconds, access real-time currency rates, manage your trading account and stay one step ahead of the market。

Great app for mobile traders and busy traders。Currently, FXTM Trader is available on the AppStore and Google PlayStore。

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Originally launched in 2011, FXTM's unique vision is to offer unparalleled superior trading conditions.。Opening an account with FXTM also gives you access to advanced education and advanced trading tools in the Forex industry。

FXTM is now registered with the UK Financial Conduct Authority with registration number 600475, the company is also regulated by the Cyprus Securities and Exchange Commission with CIF licence number 185 / 12 and licensed by the South African Financial Conduct Authority (FSCA) with FSP number 46614.。

FXTM has 1 million registered accounts and more traders join every day。The company continues to strive to improve its performance and has won many awards such as the World Finance Award for Best Trading Experience 2019, the International Finance Award for Best Online Forex Trading Company in Nigeria 2018, the Hexun 2018 Reputable Investor Education Forex Broker Award, Fxeye.Com 2018 China Foreign Exchange Brand Award, etc.。

As a responsible broker, FXTM determines leverage (expressed as a ratio of trade size relative to the trader's purchasing power) based on the trader's trading knowledge and experience level, and evaluates it through an appropriateness assessment. It also supports leveraged trades up to 1: 1000。

As for spreads, FXTM offers 0.The low spread from 1 o'clock, so traders can withdraw profits at the beginning of the trade。With headquarters in several countries, the company uses No Trading Desk (NDD) technology and works with reliable liquidity providers to deliver the best bid and ask prices.。

For beginners, there is an automated trading tool called algorithmic trading。Traders can develop their own trading strategies or adopt the strategies of other traders when trading at FXTM。In addition, the strategy is also applied to automated trading systems, such as smart trading systems, so that traders don't have to worry about losing opportunities without observing the market and still make profits。

Three types of ECN accounts using MT4 and MT5 trading platforms。There are also mobile and tablet app trading platforms。In addition to offering multiple account variants, FXTM also makes every effort to ensure that customers receive the excellent support they deserve, so that their trading experience is optimal and user-friendly。

FXTM also offers a variety of products, in addition to more than 50 foreign currencies, gold, silver, commodity futures (oil) CFDs, ETF CFDs and indices.。

The broker also provides education on basic concepts of the forex industry。Traders can read all the concepts offered in the form of e-books, video tutorials, articles, webinars and forex seminars。The FXTM website is available in 17 languages for traders to understand Forex。

Traders can also choose from a variety of payment methods, including credit cards (Visa, Mastercard, Maestro) and e-wallets (Neteller, Skrill, Western Union)。For withdrawal of funds, traders do not have to pay a fee of 2 hours to 2 days。Traders can ask further questions via live chat and contact the administrator via email, FXTM has a question and answer page on Forex trading。

3. Vantage Markets

Vantage Markets offers two types of ECN accounts for its customers, one is the original ECN account and the other is the professional ECN account。

So, what's the difference？Both accounts can be accessed from the MT4 and MT5 trading platforms, both with 500: 1 leverage and a wide range of trading tools。

The difference starts with the minimum deposit。The original ECN account only needs $500 to start trading, while the professional ECN account requires $20,000 in start-up capital.。

The original ECN costs $3 per hand per side, while the professional ECN only costs $2。Despite the differences, both accounts still offer fairly competitive commission fees compared to most ECN accounts。

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Founded in Australia in 2009, Vantage Markets is a brand of Vantage International Group regulated by the Cayman Islands Monetary Authority (CIMA).。Before being called Vantage Markets, it was called MXT Global in 2009 and Vantage Markets Pty LTD in 2015.。The Vantage Group also operates other companies such as Vantage Global Prime (ASIC), which is regulated by the Australian Securities and Investments Commission, and the Financial Conduct Authority (FCA).。

Vantage Markets offers further protection to clients by segregating their funds and depositing them in National Australia Bank (NAB), the broker said.。NAB is one of Australia's four largest financial institutions and one of the 20 safest banks in the world.。So customers don't have to worry about putting money in Vantage Markets。

With Vantage Markets, traders will experience ultra-fast trade execution, as well as interbank ratings and raw ECN spreads.。These elements can provide clients with a true institutional trading experience, covering a variety of trading tools, and also providing services designed for beginners and professionals to trade Forex ECN and CFD trading of indices, commodities and US and Hong Kong stocks。These tools are available on MetaTrader 4, MetaTrader 5, MetaTrader WebTrader, TradingView's CHARTS, mobile apps (for Mac, PC, iOS or Android), and social trading platforms such as FXbook and Zulutrade。

By registering at Vantage Markets, traders will have access to a range of educational materials and research tools, including the MT4 SmartTrader tool, a variety of promotional trading offers and rewards programs, and accounts with leverage up to 500: 1.。However, ASIC and FCA customers have a leverage of 30: 1 and generally do not offer concessions to Australian and UK customers due to compliance policies.。

Vantage Markets offers research from internal staff and guest writers in the form of technical and fundamental analysis on its blog, as well as an economic calendar powered by MQL5 from MetaQuotes。For customers with deposits of at least $1,000, Vantage Markets offers a set of MT4 plugins developed by FX Blue LLP called MT4 SmartTrader Tools。

As an authorized representative of Vantage Global Prime, the broker serves retail traders under the Vantage Markets brand and provides the following tools:

• 44 currency pairs, the most liquid currency in the global foreign exchange market
  The 16 most liquid indices in the world, including the S & P 500, DAX, FTSE, DJ30 and more
  16 Commodities, whether Soft Commodities or Precious Metals
  DJ30ft, DAX4ft, NAS100ft and other 5 index futures
  600 + US, UK, Hong Kong stocks from large companies such as Apple, Google, Coca-Cola and large companies listed on the Hong Kong Stock Exchange

Customers can open an account with Vantage Markets and deposit funds in 8 base currencies: US Dollar, British Pound, Canadian Dollar, Australian Dollar, Euro, Singapore Dollar, New Zealand Dollar, Hong Kong Dollar and Japanese Yen。It also provides customers with convenient deposit and withdrawal methods through local and international bank transfers, credit / debit cards and electronic payments.。

Overall, Vantage Markets is suitable for retail traders who have small deposits and prefer maximum leverage thresholds。In terms of pricing, Vantage's commission-based initial ECN account is a clear choice for cost-sensitive traders because of its low total cost compared to standard account products。

4. FXOpen

FXOpen ECN accounts allow the establishment of a unique electronic communication network that connects different participants in the Forex market, including banks, centralized exchanges, other brokers and related traders。

The brokerage firm promises the best price, spread and execution through its advanced price aggregation technology.。No trading desk system matches your order with the opposite order of another participant in ECN to ensure that they will not trade with you。

FXOpen allows all trading methods, which means no restrictions on scalping, news trading and EA。FXOpen's ECN account commission is 1 per standard lot.5美元。

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FXOpen has been operating as an online trading provider for retail customers since 2005.。The company was founded by a group of traders with a mission to provide services in the interests of traders.。FXOpen claims to be one of the first companies to offer ECN trading via MetaTrader 4 (MT4)。With unique proprietary price aggregation technology, customers can benefit from the industry's most competitive spreads (from 0 points) and low trading commissions。

In 2006, FXOpen also became the first broker to offer micro and swap-free accounts.。Since then, they have gone on to become pioneers in a number of high-tech services, including the first crypto account that can offer trading facilities for 24 cryptocurrency pairs such as Bitcoin, Litecoin and Ethereum.。

In addition, the company also provides one-click trading and secondary MT4 plug-ins, allowing traders to trade with just a click of the mouse。Traders don't need to worry about trading security at FXOpen。They are registered with Nevis, FCA UK and ASIC Australia。

Provide STP, Micro, ECN and other trading accounts, as well as free unlimited demo accounts。Minimum deposit per account depends on account type; $1 for micro accounts, $10 for STP and cryptocurrency accounts, and $100 for ECN accounts。FXOpen also offers leverage up to 1: 3 (for cryptocurrency accounts) and up to 1: 500 (for micro, STP and ECN accounts)。

In addition, traders can enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems.。Both services allow anyone to copy the trades of an experienced trader。Thus, a trader can replicate the results of a professional trader's strategy。

The FXOpen PAMM service allows transactions to be copied from the main account to one or more follower accounts and automatically distributes profits and losses。A professional trader operates personal funds through a PAMM account, his trading strategy is copied into the funds of his followers。The owner of the follower account can view and analyze the performance of the PAMM account with the help of advanced analytics。FXOpen has 3 PAMM accounts, STP, ECN and Crypto PAMM。

On ECN accounts, traders will receive direct quotes from leading liquidity providers, including Dresdner Bank, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JPMorgan Chase, Morgan Stanley, Deutsche Bank, Royal Bank of Scotland, Citibank and UBS Group。

After seeing the various advantages offered by FXOpen, traders can easily register an account by simply filling out the form in the registration menu of the FXOpen website。Traders will be required to verify documents in advance if they want to deposit or withdraw funds。According to the trader's experience and information, since the establishment of FXOpen, customers have not had any major complaints about payments (deposits or withdrawals)。

After registering with FXOpen, traders also have the opportunity to receive other benefits, such as the FXOpen cash return program within the first 90 days after new customer registration。Cash back minimum $5, maximum $1,000。

In addition, ECN, STP and crypto account holders can also use free VPS。Traders who can maintain a net worth of $5,000 at the end of the month or reach a monthly trading volume of $10,000,000 can use FXOpen VPS for 1 month free of charge。The advantages of VPS on FXOpen are excellent accessibility, flexibility and speed。

Trading on FXOpen becomes easier because traders can increase their insight into trading by participating in competitions。FXOpen Broker via ForexCup.com website offers weekly and monthly trading competitions on demo accounts, traders can participate in free competitions to hone their skills。If you want a bigger challenge, there are trading competitions on real accounts。

The company also offers a forex partnership program to traders, forex brokers and website owners who post information on fiat and cryptocurrency trading.。There are 3 types of partner levels, including using referral (affiliate) links, Forex rebates, and personal partner conditions to attract new customers to FXOpen's Forex IB (Forex Agent)。

All in all, FXOpen is a comprehensive forex brokerage firm for traders who want to try a variety of trading tools, the trading environment for ECN accounts, low minimum deposits, the best cryptocurrency trading conditions, and interesting trading features such as PAMM and mock competitions.。

5. ThinkMarkets

ThinkMarkets is an excellent low commission ECN broker with a commission of only 3 per lot per party.5美元。The brokerage firm has increased its pool of liquidity providers to reduce trading costs for foreign exchange and metals.。

Their servers are hosted in Equinix's LD5 and HK4 data centers, which are known as the world's two largest trading ecosystems, allowing customers to get the best raw spread with the fastest execution speed.。

In addition, the zero spread of ThinkMarkets allows traders to avoid mark-ups, which is the best low-cost option for traders to calculate costs more accurately in advance。

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As a multi-asset online broker, ThinkMarkets offers a wide range of trading assets from Forex to Precious Metals, Commodities, Indices, Stocks and Cryptocurrencies。The Australian-based broker was founded in 2010 and has since opened more headquarters in London and regional offices in Asia Pacific, the Middle East, North Africa, Europe and South America.。

As their operations have grown, ThinkMarkets have received multiple awards and recognitions in all aspects, most recently, they won the Best Value Broker Award in Asia at the 2020 Global Forex Awards.。

Standard account average forex spread for traders who open an account with ThinkMarkets from 1.From 2, while ThinkZero offers 0.Best trading experience at 1 point spread。However, traders may want to take into account that ThinkZero charges 3 per side for every 1,000,000 trades..$5 commission。

As a global online broker, ThinkMarkets operates under the supervision of multiple financial regulators。For example, ThinkMarkets Australia is managed by TF Global Markets (Aust) Limited and licensed by the Australian Financial Services Authority and the Australian Securities and Investments Commission (ASIC), ABN: 69158361561。ThinkMarkets UK is registered with the Financial Conduct Authority (FCA) under the name TF Global Markets (UK) Limited (No.09042646)。

ThinkMarkets is always committed to improving its trading environment through a variety of advanced products.。Auto trading enthusiasts can use free VPS hosting, while enthusiastic traders who want to experience outside the MetaQuote platform can try ThinkMarkets' proprietary platform ThinkTrader。

The trading platform offers 3 different interfaces designed for web desktop, tablet and mobile display。In addition, there are more than 80 mapping tools and more than 125 technical analysis indicators and other customized tools can be accessed through the mobile screen, will undoubtedly provide a new mobile trading experience。

In terms of market updates, trading in ThinkMarkets will be accompanied by news from FX Wire Pro, which is known for its strict policy of adhering to objective news reporting and providing critical, credible information in real time.。Information areas covered by FX Wire Pro include economic commentary, technical-level reports, currencies and commodities, central bank bulletins, energy and metals, and event-driven bulletins。

For payment methods, ThinkMarkets provides gateways through bank transfers, credit cards (Visa and MasterCard), Skrill, Neteller, POLi online banking, BPay, and Bitcoin wallets。

All in all, for a company that has been in business since 2010, ThinkMarkets has been quite successful in terms of legal status and trading technology innovation.。As an additional guarantee of security for traders, the broker has committed to a $1 million insurance protection plan, which is implemented through ThinkMarkets and Lloyd's of London insurance policies, providing up to $1 million in protection for clients' funds.。

6. Exness

Exness provides ECN (Electronic Communication Network) services to customers through raw spreads and zero accounts, providing 0.The lowest spread of 0 points ensures that traders get strict pricing。

In addition, Exness charges up to 3 per lot on these accounts..The $5 commission, which gives traders access to transparent pricing and direct market execution, makes Exness the best choice for those seeking ECN trades.。

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The choice of broker is adjusted according to the needs of each trader. If you only need the basic platform and trading functions with the best attributes, then Exness may be your best choice。

Exness with its 0 only.Advantages such as the low spread from 1 o'clock make up for the lack of changes in its functions, which is very suitable for traders using scalping strategies (Scalper)。Spreads for major currency pairs in some account types can also be as low as 0.0 point, depending on market conditions。

Not only that, traders can also enjoy other advantages such as automatic withdrawals。Exness will process most customer withdrawals immediately without manual inspection; however, depending on the payment provider or method selected, withdrawals may be restricted。

Exness is one of the STP / ECN brokers in Europe, and the safety of traders' funds is also guaranteed。Exness became the official partner of Real Madrid football team for 3 years from July 2017, which also proves that the company has a high degree of stability.。

Exness supports deposits and withdrawals 24 hours a day, 7 days a week。However, it should be noted that the Company does not assume any responsibility if there is a problem with the deposit or withdrawal due to the payment system.。

Traders don't need to worry about transaction fees when making deposits and withdrawals.。Exness does not charge traders any transaction fees, and the chosen payment provider may incur some fees。Exness offers traders a variety of payment methods, including wire transfers, bank cards, Neteller, Skrill and more。

Financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the world's top four accounting firms。

In addition, Exness is one of the most transparent brokers in the online trading industry, and traders can find all the information about the company on the website, such as trading volume, number of active customers, customer deposits, company funds, etc.。

Exness offers different platforms, including MetaTrader 4, MetaTrader 5, web and mobile platforms, which makes it easier for traders to trade on Exness because the Exness platform can be accessed anytime, anywhere。

Over the years, Exness has developed into a broker that attracts traders, who comply with financial regulations such as FCA and CySEC, further strengthening their trust.。

One measure of customer confidence is the volume of transactions。As of December 2018, the monthly trading volume of its clients reached $348.4 billion, with more than 50,342 active traders worldwide.。

With the programs offered by Exness, traders also have the opportunity to earn extra income by becoming their partner。By introducing the Broker (IB) program, partners can earn up to 33% spread commission from each new customer who registers。

Additional income from Exness Partners。Traders who register through the member link can earn up to 25% spread commission per trade.。

Customers can also use their free VPS hosting service when trading at Exness。VPS (Virtual Private Server) provides traders with greater reliability and stability because they can maintain their trading and expert advisors without interruption in the event of unexpected technical problems (such as Internet or power outages)。

In summary, Exness is a trader's favorite broker due to its low spreads and flexible account type, ideal for traders with limited funds but need more opportunities to maximize profits。The broker is also known for its maximum support for new and old partners.。

Disadvantages of ECN accounts

However, there is no perfect deal。Although traders can benefit a lot from the low commission ECN account of the aforementioned broker, the account itself may have some drawbacks。

Having said that, the situation may vary according to each broker's policy, here are some of the most common pitfalls of ECN accounts。

1.No miniature hands

Most liquidity providers have high service costs and requirements, so it is almost impossible for traders to open smaller positions。

This may be a problem if you are looking for a smaller trading lot, but depending on which broker you trade with, the policy may vary。

2.high deposit

Many ECN brokers require large deposits。Some traders may not like it because it means they have to provide a lot of money at the beginning。However, since they pass your order directly to the liquidity provider, this transaction is beneficial to a certain extent。

3.Fixed Commission

Brokers usually do not charge spreads on their ECN accounts, however they impose a fixed fee and commission on each trade。

However, fees vary from broker to broker。ECN accounts are not suitable for small transactions, as commissions can easily offset your profits。

Conclusion

ECN accounts are a great way to get the best market price, most brokers offer ECN accounts for professional traders, so some people think it is not suitable for small traders。

You can always choose a low commission ECN account with one of the above brokers as a solution to this problem, some of them may even charge you 0 spread and a low commission。

Another professional tip is to always check what other features your broker has。For example, what analytical tools do they offer to complement a trader's strategy, or do they have swap-free features。