Full Service Brokerage

Pepperstone is the best ECN broker in my opinion. There are other good ECN brokers but Pepperstone has more ECN services than most others combined. The best overall. RoboForex, High bonus. Black Bulls markets.

Deep liquidity. Black Bulls markets. Deep liquidity means that your clients are able to fill orders at any time without having to wait around until the next trading day. I don’t know of any other true broker that provides this service to its clients. I’m also not sure if there is another ECN broker that provides as much variety in the services they provide as Pepperstone does.

Black Bull markets, our best brokers, is our top priced TD Ameritrade. The price is good but the commissions and MT4 fees are too high. You could probably do better. We don’t have to worry about those fees. In fact, it is probably better to pay a bit more for a commission-free ECN brokerage firm than for one that charges $60 per year in fees.

How To Select The Best ECN Broker

Deep liquidity providers are those that give you full service brokerage at low costs. The first one on our list is Wind Mobile, which trades for only five hundred thousand units per side, or less than a dollar per side. You can see why they are on our list of the best brokers. They provide very low cost services, giving you the maximum level of liquidity at the lowest possible price.

Our second liquidity provider is FX Trade, which has excellent rates. However, you can save money with this firm, and other similar ones, if you trade multiple currency pairs. Their commissions are so low that you will save significantly if you trade more than ten currencies. They also offer low spreads, which means that you can save even more. Finally, their trading platform is really great, and their customer service is also excellent.

Our third and final selection is Global Forex Trading, our highest ranked firm. If you are a small trader or just starting out in the markets, you should consider using one of these firms. These firms offer a variety of options, from a full service brokerage to a full service discount trading account for individual traders. All of these advantages will enable you to diversify your trading account and take advantage of the best ecn broker offers.

The forex market, unlike the stock market, works across different currencies. Traders must be able to access liquidity in one currency but not in another. Some traders start out by trading only one currency – the USD for example. Other traders trade several currencies, with each currency’s liquidity varying according to the country where the currency is issued. Because of this global demand for foreign currency, there exists a large interbank market for forex trades.

Ecn brokers provide liquidity by facilitating trades between traders. The largest providers usually have several trade routes, with each route providing the trader with different levels of liquidity. The smaller providers, like us, offer direct access to the interbank market. By opening a trader account with one of these smaller providers, you can make trades over the counter.