Top 7 Best ECN Forex Brokers Australia 2019

by | Jan 27, 2019

Are you looking for the best ECN Forex Brokers Australia to find a professional ECN broker outside the EU?

We can help!

ECN stands for Electronic Communication Network.

ECN forex brokers work by offering their clients tighter bids or ask spreads by giving them direct access to the market via different liquidity provider, instead of just one. Not only does this mean that traders are more able to buy and sell at the rate they want, it also means that ECN brokers are unable to trade against their clients as they don’t have total control of the market they offer their clients. On top of that, they also offer their clients a fixed commission per transaction.

Australia ECN forex brokers are some of the world’s most top-rated and should definitely be considered when making a choice.

But not all forex brokers that claim to be ECN actually are and so true ECN forex brokers in Australia and the rest of the world are hard to find. That’s why we made this list of some of the most reputable ECN forex brokers in Australia, to make sure traders find the best services available to them.

(This post is part of the best ECN brokers and forex broker from Australia series)

ecn forex brokers australia

Top 7 of Best ECN Forex Brokers in Australia 2019

Without further ado, here are our top 7 best ECN forex brokers in Australia:

  • Regulations: ASIC, FCA
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader,cAlgo
  • InvestinGoal rank: 4.8/5


78% of retail CFD accounts lose money

1. Pepperstone

Pepperstone has garnered a top-of-the-line reputation when it comes to ECN forex brokers and is highly trusted in its execution. It was even awarded the UK Forex Award for best Forex ECN Broker in 2018. Pepperstone offers its client a ‘Razor Raw Spread ECN account’, specifically for ECN trading. This account has been in use by clients since 2011 and provides excellent round-the-clock liquidity. Clients will also enjoy additional coverage by the UK’s FCA, unlike many other Australian forex brokers who are only regulated by the ASIC.

  • Regulations: Pepperstone Limited authorised & regulated by the FCA (684312); Pepperstone Group Limited registered with ASIC (414530). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN, Market Maker
  • Leverage: 1:500
  • Minimum Deposit: $ 200
  • Platforms: MT4 (desktop, iPhone/iPad, Android), MT5 (desktop), cTrader (web platform, cAlgo, cTrader mobile)
  • Headquarters: Pepperstone Group Limited is headquartered in Melbourne, Australia
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, cryptocurrency
Try PEPPERSTONE with a demo account

78% of retail CFD accounts lose money

  • Regulations: ASIC
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.8/5


74-89 % of retail CFD accounts lose money

2. IC Markets

Founded in 2007, IC Markets has come a long way and is generally considered a leader in ECN brokerage. By utilizing an exclusive combination of high-level banks and other financial participants, such as dark pools, IC Markets practically guarantees its clients a seamless execution. IC Markets’ ECN account also has no restrictions on trading and can support lots up to 250.

  • Regulations: International Capital Markets Pty Ltd. licensed by ASIC (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.)
  • Type: Market Maker, ECN, STP
  • Leverage: 1:500
  • Minimum Deposit: $ 200
  • Platforms: MT4, MT5, MT WebTrader, MT iPhone/iPad, MT Android, MT Mac, cTrader, cTrader Web, cTrader Android, cTrader iPhone/iPad, cTrader cAlgo
  • Headquarters: International Capital Markets Pty Ltd. is headquartered in Sydney, Australia
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, stocks, futures, bonds, cryptocurrency
Try IC MARKETS with a demo account

74-89 % of retail CFD accounts lose money

  • Regulations: ASIC
  • Minimum deposit: $100
  • Platforms: IRESS, MT4, MT5
  • InvestinGoal rank: 4.5/5


74-89% of retail CFD accounts lose money

3. FP Markets

Founded in 2005, FP Markets has managed to acquire 36 awards for its service and has offices in Beijing and Shanghai as well as in Australia. FP Markets primary focus is providing clients with DMA (Direct Market Access) for a number of instruments. IRESS traders will also benefit from one of the fastest execution speeds.

  • Regulations: In Australia by the Australian Securities and Investment Commission (ASIC)
  • Type: ECN + STP/Market maker
  • Leverage: 1:500
  • Minimum Deposit: Either $100 AUD, $100 USD or €100
  • Headquarters: Sydney, Australia
  • US Customers: No
  • Other instruments: Equities, futures, indices, metals, cryptocurrency
Try FP MARKETS with a demo account

74-89% of retail CFD accounts lose money

  • Regulations: ASIC
  • Minimum deposit: $200
  • Platforms: MT4, MT5
  • InvestinGoal rank: 3.8/5


74-89% of retail CFD accounts lose money

4. Vantage FX

Vantage FX is renowned for their institutional grade liquidity that allows them to provide one of the best ECN services around. Their ECN trading services are offered via the ‘Vantage FX RAW ECN Account’. Liquidity is provided to Vantage FX via some of the world’s leading banks, such as JPMorgan, HSBC, RBS, and Goldman Sachs to name a few. On top of that, Vantage FX was voted best ECN/STP broker 2015-16 by the Forex Awards.

  • Regulations: Vantage Global Prime Pty Ltd licensed by ASIC (428901). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker, ECN, STP
  • Leverage: 1:500
  • Minimum Deposit: $ 200 AUD or equivalent
  • Platforms: MT4, MT5, web platform, mobile apps (iOS, Android)
  • Headquarters: Vantage Global Prime Pty Ltd is headquartered in Sydney, Australia
  • US Customers: No
  • Other instruments: CFDs on commodities, indices, cryptocurrency
Try VANTAGE FX with a demo account

74-89% of retail CFD accounts lose money

  • Regulations: ASIC
  • Minimum deposit: $500
  • Platforms: MT4
  • InvestinGoal rank: 3.8/5


74-89% of retail CFD accounts lose money

5. Global Prime

Global Prime was founded in 2010 and specializes strictly in providing its clients with ECN accounts. For extra transparency, they also are able to provide their clients with receipts for any of their trades, which shows which liquidity provider fulfilled the order. Additionally, Global Prime also offers its clients ZuluTrade as well.

  • Regulations: Global Prime Pty Ltd licensed by ASIC (AFSL no. 385620). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN, STP
  • Leverage: 1:200
  • Minimum Deposit: $ 500 AUD or foreign currency equivalent
  • Platforms: MT4 (PC, Mac, iOS, Android), Myfxbook Autotrade
  • Headquarters: Global Prime Pty Ltd is headquartered in Sydney, Australia
  • US Customers: No
  • Other instruments: CFDs on indices, spot metals, energies
Try GLOBAL PRIME with a demo account

74-89% of retail CFD accounts lose money

  • Regulations: ASIC, FCA
  • Minimum deposit: $200
  • Platforms: MT4
  • InvestinGoal rank: 4.3/5


74% of retail CFD accounts lose money

6. AxiTrader

AxiTrader offers clients truly excellent ECN access. By setting up an account with them, clients will have the same pricing access as banks, hedge funds, and other financial institutions, which is almost unrivaled. AxiTrader is also additionally regulated by the UK’s FCA, which adds another level of protection.

  • Regulations: AxiTrader UK is authorised & regulated by the FCA (509746); AxiCorp Financial Services Pty Ltd is authorised & regulated by ASIC (318232). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN, Market Maker
  • Leverage: 1:400
  • Minimum Deposit: $ 200
  • Platforms: MT4 (PC and Mac, webtrader, mobile), MT4 NexGen
  • Headquarters: AxiCorp Limited is headquartered in London, UK
  • US Customers: Accepts US clients through its American subsidiary, AxiTrader USA. Bear in mind the services offered may not be the same
  • Other instruments: Spread betting; CFDs on commodities, gold, silver and metals, oil, indices, Bitcoin
Try AXITRADER with a demo account

74% of retail CFD accounts lose money

  • Regulations: ASIC
  • Minimum deposit: $250
  • Platforms: MT4, CQG FX, CQG ONE/li>
  • InvestinGoal rank: 3.9/5


your capital is at risk

7. Direct FX

Despite being founded in 2006, Direct FX boasts over 40 years of experience in its most senior members of their firm, and the experience really does speak for itself. ECN trading via Direct FX is boosted by its partnership with Beeks Financial Cloud, which supports its execution across its different platforms.

  • Regulations: In Australia by the Australian Securities and Investment Commission (ASIC)
  • Type: ECN
  • Leverage: Up to 1:400
  • Minimum Deposit: $250
  • Headquarters: Sydney, Australia
  • US Customers: No
  • Other instruments: CFDs, precious metals, futures
Try DIRECT FX with a demo account

your capital is at risk