Top 7 Best ECN Forex Brokers Australia 2018

by | Nov 15, 2018 | Best Brokers | 0 comments

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 series)

ecn forex brokers australia

Top 7 of Best ECN Forex Brokers in Australia 2018

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

1. Pepperstone

pepperstone ecn australiaPepperstone 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: In Australia by the Australian Securities and Investment Commission (ASIC) and in the UK by Financial Conduct Authority (FCA)
  • Type: ECN/Market maker
  • Leverage: Ranges from 1:1 to 1:500
  • Minimum Deposit: $200
  • Headquarters: Melbourne, Australia
  • US Customers: No
  • Other instruments: CFDs, Forex, commodities
  • Try Pepperstone with a demo account (CFD Service. 79% lose money)

2. IC Markets

icmarkets ecn australiaFounded 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: In Australia by the Australian Securities and Investment Commission (ASIC)
  • Type: ECN + STP/Market maker
  • Leverage: Up to 1:500
  • Minimum Deposit: $200
  • Headquarters: Sydney, Australia
  • US Customers: No
  • Other instruments: Commodities, indices, bonds, cryptocurrency, stocks, futures
  • Try IC Markets with a demo account (CFD Service. 74-89% lose money)

3. Vantage FX

vantagefx ecn australiaVantage 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: In Australia by the Australian Securities and Investment Commission (ASIC)
  • Type: ECN + STP/Market maker
  • Leverage: 1:500
  • Minimum Deposit: $200
  • Headquarters: Sydney, Australia
  • US Customers: No
  • Other instruments: Indices, commodities, cryptocurrency, share CFDs
  • Try Vantage FX with a demo account (CFD Service. 74-89% lose money)

4. Global Prime

global prime ecn australiaGlobal 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: In Australia by the Australian Securities and Investment Commission (ASIC)
  • Type: ECN
  • Leverage: Ranges from 1:100 to 1:200
  • Minimum Deposit: $500 AUD or foreign currency equivalent
  • Headquarters: Sydney, Australia
  • US Customers: No
  • Other instruments: Metals, oils, indices
  • Try Global Prime Forex with a demo account (CFD Service. 74-89% lose money)

5. AxiTrader

AxiTrader ecn australiaAxiTrader 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: Regulated in Australia by the Australian Securities and Investment Commission (ASIC) and in the UK by the Financial Conduct Authority (FCA)
  • Type: ECN/Market maker
  • Leverage: 1:400
  • Minimum Deposit: $200
  • Headquarters: 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: CFDs, forex, spread betting, commodities
  • Try AxiTrader with a demo account (CFD Service. 75% lose money)

6. FP Markets

fpmarkets ecn australiaFounded 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. Its 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 (CFD Service. 73% lose money)

7. Direct FX

directfx ecn australiaDespite 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 (CFD Service. 74-89% lose money)

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *