Top 6 Best Currenex Brokers for 2021

logomark Filippo Ucchino calendar Last Updated: November 2021 timer 9 min read
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At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Learn more about our review process and methodology.

If you are searching for the best Currenex brokers, then your search ends here.

In this guide, we are going to walk you through the top Currenex brokers for forex trading.

If you want to know more about forex brokers, you can always check our best forex brokers list.

Table of contents

What is Currenex?

Currenex is a high-end trading platform that uses cutting-edge ECN technology. High-speed, low-latency trading, high-performance technology, and vast liquidity levels are all well-known features of the platform.

The Currenex platform is marketed to forex brokers as a “white label” solution, which allows the broker to brand it as their own.

Even though it isn’t promoted as “Currenex,” traders may find this platform through some brokers.

Currenex Forex Brokers

Here’s the list of top forex brokers providing the Currenex platform.

Visit Broker
69.6% of retail investor accounts lose money

1. Axi

Axi was founded in 2007 in Sydney, Australia, as part of the AxiCorp Group, which has since evolved to become one of the world’s largest online brokers, specializing in products and services for retail traders with clients in over 150 countries.

A group of traders who understand what traders want and provide tight spreads, minimum slippage, founded them, quick execution speeds using platforms such as Currenex, and multilingual worldwide 24-hour customer support in a secure and highly regulated environment.

The robust and dependable trading platforms are accessible in various languages and provide customers with access to the most up-to-date market data from a variety of liquidity sources.

With narrow spreads, flexible leverage, and liquidity from 14 of the world’s best institutions, Axi provides a wide selection of major, minor, and exotic FX currency pairings to trade. In addition, cryptocurrencies, commodities, indices, and equities are all available for trading.

Axi offers standard and pro accounts, both of which are customizable to meet the needs of individual traders.

All accounts come with easy and safe financing as well as powerful trading platforms and tools. The spreads, commissions, and minimum deposit requirements are the primary differences between the accounts.

The standard account features no minimum deposit requirement, flexible spreads starting at only 0.4 pips, and no commission fees.

82
Rated: Excellent
Security 95
Cost 84
Trading 71
Education 72

Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, Proprietary Web Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, FMA, DFSA, Offshore Minimum Deposit: 0
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67% of retail investor accounts lose money

2. FXCM

FXCM (Forex Capital Markets) is a well-known online brokerage that provides forex, CFDs, and spread betting services. The broker was established in 1999 to provide access to the financial markets through cutting-edge technologies and favorable trading circumstances.

The broker uses a No Dealing Desk (NDD) brokerage methodology. FXCM claims that the sophisticated trading technology they use is responsible for 31 millisecond execution times.

FXCM offers the following services to clients that want market data and execution access across various venues and prefer to settle their transactions through a single source and account: FXCM Prime is a forex trading platform.

FXCM Prime offers Maker and Taker sessions for trading on a variety of platforms, including Currenex.

On its platforms, FXCM provides over 66 trading products. There are 39 currency pairs, five cryptocurrencies, thirteen indices, and nine commodities to choose from.

Regardless of the account type, FXCM deducts its trading costs from the spread. Therefore, the spread is changeable, and it is determined by the liquidity and volatility of the market. For the EURUSD, the usual spread starts at 0.7 pips for UK websites and 1.3 pips for others.

To provide quality services to its clients, FXCM has formed relationships with reputable specialists. Partnerships with TradingView, Trading Central, and VPS providers are among them.

81
Rated: Excellent
Security 94
Cost 73
Trading 73
Education 83

Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, Proprietary Desktop Platform, Proprietary Web Platform Regulations: FCA, ASIC, FSCA Minimum Deposit: 50
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75% of retail investor accounts lose money

3. FXDD

FXDD was established in 2002 to give traders from all around the world access to global markets.

FXDD is essentially a counterparty to its clients’ deals, executing them at the best rates available from their liquidity providers. The system in place will choose the best available pricing to post on the client’s platforms automatically.

FXDD has a strong back-end price feed infrastructure, with data coming from regulated markets, multilateral trading facilities (MTFs), executing brokers, and other liquidity providers.

They’ve also created an in-house tool to track price level disparities and latency across all pricing sources.

The good thing about the broker is you can connect Currenex through a plug-in connection.

FXDD offers more than 60 foreign exchange currency pairs, including major, minor, and exotic crosses. You may also trade commodities, stocks, energy, and indexes in addition to this.

FXDD offers both a standard and an ECN account, with a $10 minimum deposit. The standard pricing account has higher variable spreads but no commission costs, but the ECN pricing account offers lower direct raw variable spreads and a modest commission price of about $3.

72
Rated: Excellent
Security 92
Cost 65
Trading 60
Education 57

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, CYSEC, Offshore Minimum Deposit: 1
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65% of retail investor accounts lose money

4. Hantec Markets

Hantec Markets is a subsidiary of the Hantec Group that provides forex and CFD trading to traders in areas where the other components of the group do not operate.

The broker has a minimal minimum deposit requirement, a competitive spread, quick execution, negative account protection, and responsive customer support. In addition, they provide a social trade network as well as other useful features.

With Hantec’s FIX API service, you may have access to interbank pricing networks, which provide some of the deepest pools of liquidity accessible, ensuring that traders’ execution needs are met quickly.

The big plus about Hantec is that it offers a Currenex demo, so you can play with the platform for 90 days. In addition, it offers great trading tools for Currenex trading.

Hantec Markets offers over 100 trading items, including currency pairings, CFDs, cryptocurrencies, bullion, energy, and stock indexes.

Hantec Markets offers two account types — Standard and Pro. For the standard account, floating spreads start from 1.1 pips with zero commission fee. It requires a minimum deposit of $50.

Floating spreads start from 0.2 pips with commissions and a $50 minimum deposit for the pro account.

71
Rated: Excellent
Security 92
Cost 65
Trading 56
Education 57

Platforms: MT4 Dekstop, MT4 Web, MAC Platforms Regulations: FCA, ASIC, FMA, Offshore Minimum Deposit: 0
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74-89% of retail CFD accounts lose money

5. Grand Capital

Grand Capital is an offshore broker that provides over 330 trading products on its own WebTrader platform, as well as the widely used MT4 and MT5 platforms.

The broker was formed in Russia in 2006, but it now has operations in over 40 countries.

The liquidity providers for Grand Capital brokerage companies are identified as Currenex and Swissquote. As a result, liquidity providers set the price.

Grand Capital offers 40 currency pairs, seven metals, three energies, ten indices, over 150 stocks, and 14 cryptocurrencies.

Grand Capital offers multiple account types. The micro account is designed for new traders who are too inexperienced and unskilled to risk larger amounts. The minimum deposit is $10, and the spread starts from 1.0 pip. Up to 66 instruments are available for trading on a maximum leverage of 1:500.

The standard account is the main account type that can trade all instruments available. The minimum deposit is $100, and the spread starts from 1 pip while leverage is up to 1:500. The commission on CFDs is $15, while 0.1% is charged on US stock. There are no commissions on forex.

61
Rated: Medium
Security 57
Cost 64
Trading 66
Education 57

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: Offshore Minimum Deposit: 1000
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(Your capital is at risk)

6. Tradeview Forex

Tradeview is an FX and CFD broker that offers clients worldwide a highly competitive trading environment. The broker, founded in 2004 with a mission for excellence, is based in the Cayman Islands and has offices all around the globe.

Tradeview obtains asset pricing from more than 50 premium liquidity providers, combines the offers via its ‘Innovative Liquidity Connector,’ and delivers the best available prices to customers’ trading platforms. In addition, traders get access to an ECN environment with no dealing desk and no price manipulation.

Tradeview also offers automated risk management methods that assist keep clients’ account balances from falling into negative territory.

The Currenex platform is available as a downloaded desktop app for Windows from the broker.

Individual, corporate, and joint accounts are the most common account categories at TradeView. There are also X-leverage and innovative liquidity accounts to consider.

The innovative liquidity account has a $1,000 minimum deposit and a 0.1 lot minimum transaction size. Trades are charged fees of $2.5 on each side, with spreads starting at 0 pips. Thus, the maximum leverage is one hundred to one.

54
Rated: Medium
Security 58
Cost 60
Trading 54
Education 34

Platforms: cTrader desktop, MT4 Dekstop, MT5 Desktop, Proprietary Web Platform Regulations: Offshore Minimum Deposit: 100

Round-up of the Best Currenex Brokers

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Brokers Minimum Deposit required for ECN accounts Spreads Commissions Execution
Axi $0 from 0 pips $7 round turn ECN
FXCM $300 from 0.6 pips N/A STP/ECN
FXDD $250 from 0.2 pips $2.99 per lot ECN/Market Maker
Hantec Markets $1000 from 0.2 pips N/A STP/ECN
Grand Capital $500 from 0.4 pips $5 for forex, energies and metals; $7 for index ECN/Market Maker
TradeView $1000 from 0 pips 2.50$ per lot ECN/STP/Market Maker

How does Currenex Work?

Currenex is an ECN system platform. It is a platform that integrates or aggregates the capabilities of several liquidity providers into one.

To find more about ECN brokers and how they work, please read our best ECN/STP forex brokers guide.

Currenex lets users connect to over 60 worldwide banks using the FIX protocol.

Thousands of institutions, hedge fund customers, and traders use Currenex at the same time to connect to various liquidity providers, view and interact with live streaming executable prices and many sophisticated forms of data.

Many retail foreign exchange brokerages can use the Currenex platform as a white label solution.

Retail traders can trade with various liquidity providers and obtain in-depth book information at any moment through brokerage companies.

The brokerages’ choice of liquidity providers affects the experience.

Top Features of the Currenex platform

Currenex, unlike other platforms, is more suited to skilled traders than to retail traders though it offers one of the most user-friendly charting interfaces available. In addition, it has a flexible charting function that allows traders to use various trading methods.

Currenex provides two versions: Classic and Viking Trader.

The Classic trading platform is more suited to large institutional traders. It gives you instant online access to all of your trading tools, as well as a range of charts and analytical tools.

While the Currenex Viking Trader is a Forex trading platform built specifically for retail traders. It has more stringent deposit size restrictions and offers a wide range of technical analysis capabilities.

FAQ

Which is the difference between the Classic Version and the Viking Trader Version?

The Currenex Classic is a trading platform that Currenex forex brokers suggest, particularly to big institutional traders, whilst the Currenex Viking Trader is designed for retail forex traders.

What is white label technology?

Currenex’s white-label technology, which includes the option to modify front-end interfaces, is available to brokers. This solution ensures access to the forex markets as well as the ability to run a trading venue without the need for additional devices.


About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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