Top 9 Best ECN Forex Brokers for Scalping 2019
Are you looking for the best ECN Forex Brokers for Scalping to try asuper-fast way of tradingwith acutting edge platformand above allvery tight spreads?
You are in the right place to find the best solutions.
ECN or Electronic Communication Network is something of a mystery for many traders. Why on earth should I care what it is? Is it really good for me as a trader?
The definition of it is quite complicated. And, uninterested for the retail trader.
However, the ECN technology forever changed the landscape in the online retail trading, bringingunparalleled conditions to an ever-changing market.
Perhaps the best way to explain it is to highlight the progress it brought to the industry. As a retail trader, imagine that only ten years ago the spread on the EURUSD pair (the difference between the bid and ask price) was wider than three full pips.
Nowadays, thanks to the ECN technology, the spreads on the EURUSD pair can go as low as 0.1 and on average sit around 0.5. Moreover, before the ECN technology appeared, all retail trading accounts displayed the quotes with only four digits. For instance, the EURUSD had a quote of 1.1377 ten years ago, and under an ECN account, it has 1.13775. One more digit makes a heck of a difference to the execution and, ultimately, the performance in a trading account.
ECN eliminated one of the worse nightmares in the retail trading industry: the re-quotation.
Back in time, when the market moved too fast due to critical economic data, trading at the market was almost impossible. The trader will get a re-quote stating that the market changed, and the order wasnt executed. By the time that the entry was allowed, the market moved so far than in most cases it didnt make sense anymore to take the trade.
The ECN changed the landscape with a simple promise: all trades are executed with the condition that there is a market. Considering the multitudes of LPs (liquidity providers) in the industry, theres always a market, so theres always execution. In some cases, the slippage is so small that it becomes irrelevant, regardless of the market conditions.
This short introduction sums up what ECN is and what it brought to the retail trading industry, without using too much of a scientific description of it.
Naturally, the new technology started a race between brokerage houses for the best ECN broker. Because scalping (trading multiple times a day for short to very short-term profits) is the preferred trading style among retail traders, everyone seems to look for the best ECN broker for scalping.
(This post is part of theECN forex brokersseries)
One of the worlds largest MT4 brokers,Pepperstoneoffers perfect conditions for anyone interested in scalping the currency market for a profit. The Razor account is perfect for it, with only 3.5 AUD commission per lot and very tight spreads no matter the market conditions.
: Pepperstone Limited authorised & regulated by the
(684312); Pepperstone Group Limited registered with
(414530). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: MT4 (desktop, iPhone/iPad, Android), MT5 (desktop), cTrader (web platform, cAlgo, cTrader mobile)
: Pepperstone Group Limited is headquartered in Melbourne, Australia
: CFDs on indices, commodities, cryptocurrency
IC Markets offers access to liquidity from a select pool of tier-1 banks but also non-bank market makers so that the ECN accounts are more than suitable for scalping, having only $3 per lot as commission and tight spreads.IC Marketsuses feeds liquidity from over fifty different banks and dark pool sources, creating an ECN environment many other brokers envy.
: International Capital Markets Pty Ltd. licensed by
(AFSL no. 335692). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: MT4, MT5, MT WebTrader, MT iPhone/iPad, MT Android, MT Mac, cTrader, cTrader Web, cTrader Android, cTrader iPhone/iPad, cTrader cAlgo
: International Capital Markets Pty Ltd. is headquartered in Sydney, Australia
: CFDs on indices, commodities, stocks, futures, bonds, cryptocurrency
One of the leaders in the industry, HotForex offers various types of trading accounts to suit all trading styles. For an ECN account, the MT4 is the perfect choice with $4 commission per traded lot and spreads as close to zero as possible. All these makeHotForexone of the best ECN Forex brokers for scalping financial markets.
(183/12); HF Markets (UK) Ltd authorised ®ulated by the
(801701); HF Markets (DIFC) Ltd authorised & regulated by the
(F004885); HF Markets SA (PTY) Ltd authorized & regulated by the
(46632); HF Markets (Seychelles) Ltd regulated by the
(SD015). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: HF Markets MT4 Terminal, HF Markets Multiterminal, MetaTrader 4 Webterminal, HF Markets iPhone Trader, HF Markets iPad Trader, HF Markets Android
: HF Markets Ltd is headquartered in Cyber City, Mauritius
: CFDs on spot metals, energies, commodities, indices, bonds, shares, cryptocurrency
With a robust technology sitting at the core of ADMIRAL MARKETS orders execution, this broker is one of the best ECN Forex brokers for scalping. Aggregating flows from different banks and venues into one single liquidity pool allows ADMIRAL MARKETS to offer incredible spreads for most currency pairs.
: Admiral Markets UK Ltd authorised & regulated by the
(595450); Admiral Markets AS authorised & regulated by the
(4.1-1/46); Admiral Markets Cyprus Ltd authorised & regulated by
(410681). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: Clients registered with a standard retail account can access 1:30 leverage, clients registered with a professional account can access 1:500 leverage
: MetaTrader WebTrader, MT4, MT5, MetaTrader Supreme Edition
: Admiral Markets UK Ltd. is headquartered in London, UK
: CFDs on commodities, indices, shares, bonds, cryptocurrency, ETFs
Offering the best quotes to their clients via trusted liquidity providers like Currenex and Swissquote, GRAND CAPITAL stands out of the crowd with an ECN Prime Account suitable for scalping the currency market. The Grand Capital Web Trader seems like just the right trading platform to run the account, with a simple and stable Internet connection being enough to benefit from it.
. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: Grand Capital Ltd. is headquartered in Saint-Petersburg, Russia
: CFDs on stocks, commodities, precious metals, energies, indices, cryptocurrency; binary options
Offering lightning-fast trading execution, TITAN FX developed a world-class infrastructure previously available only to the HFT industry. The right choice for scalping seems to be the Zero Blade account, with $3.5 commissions per one traded lot and tight spreads, competitive in the 21st-century retail trading environment.
(40313). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: TI Securities Limited headquartered in Port Villa, Vanuatu
: CFDs on indices, precious metals, energy commodities
With ECN accounts having spreads as low as zero (depending on the currency pair and market conditions), ROBOFOREX stands out as one of the market leaders in this field. Having a maximum leverage of 1:300 and minimum deposit of $10, the ECN account offered by ROBOFOREX is perfect for scalping strategies.
(IFSC/60/271/TS); RoboForex (CY) Ltd regulated by
(191/13). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: MT4 (desktop, web, iOS, Android), MT5 (desktop, web, iOS, Android), cTrader (desktop, web, iOS, Android), R Trader (web platform)
: RoboForex Group is headquartered in Belize City, Belize
: CFDs on stocks, indices, ETFs, soft commodities, energies, metals, cryptocurrency
A broker that offers access to a wide variety of markets, INTERTRADER gained a lot of reputation by providing the InterTrader Advanced Platform for the online retail traders. With stunning features and impeccable execution, it is the desired choice for many traders looking for the best ECN broker for scalping.
: InterTrader Limited authorised & regulated by the
(597312). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: MT4, web platform, mobile apps (Android and iOS), Advanced Platform
: InterTrader Limited is headquartered in Gibraltar
: CFDs on indices, commodities, shares, cryptocurrency; spread betting
With twenty years of experience and offering world-class trading conditions, LCG (London Capital Group) has over twenty trillion dollars in executed volume so far. Their flagship platform, LCG Trader, is a worldwide acclaimed portal to the financial markets, with stunning features and market accessibility.
: London Capital Group Limited authorised & regulated by the
(182110); London Capital Group (CYPRUS) Limited authorised & regulated by
(341/17). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: MT4 (desktop, tablet, mobile), LCG TRADER (desktop, tablet, mobile)
: CFDs on spot metals, indices, shares, bonds, commodities, EFTs; vanilla options
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