Top 9 Best ECN Forex Brokers for Scalping 2019

by | Jan 28, 2019

Are you looking for the best ECN Forex Brokers for Scalping to try a super-fast way of trading with a cutting edge platform and above all very tight spreads?

Great.

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, bringing unparalleled 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 wasn’t executed. By the time that the entry was allowed, the market moved so far than in most cases it didn’t make sense anymore to take the trade.

Not anymore.

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 LP’s (liquidity providers) in the industry, there’s always a market, so there’s always execution. In some cases, the slippage is so small that it becomes irrelevant, regardless of the market conditions.

ecn forex brokers for scalping

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.

And this is where we step in.

(This post is part of the ECN forex brokers series)

Top 9 of the Best ECN Forex Brokers for Scalping 2019

Here’s our ranking:

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


71,4% of retail CFD accounts lose money

1. Pepperstone

One of the world’s largest MT4 brokers, Pepperstone offers 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.

  • 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: 500:1 ASIC; 30:1 FCA
  • 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

71,4% 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

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 Markets uses “feeds” liquidity from over fifty different banks and dark pool sources, creating an ECN environment many other brokers envy.

  • 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: CySEC, FSC, FSB
  • Minimum deposit: $50
  • Platforms: MT4
  • InvestinGoal rank: 3.9/5


72.21% of retail CFD accounts lose money

3. HotForex

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 make HotForex one of the best ECN Forex brokers for scalping financial markets.

  • Regulations: HF Markets (Europe) Ltd regulated by CySEC (183/12); HF Markets (UK) Ltd authorised &regulated by the FCA (801701); HF Markets (DIFC) Ltd authorised & regulated by the DFSA (F004885); HF Markets SA (PTY) Ltd authorized & regulated by the FSCA (46632); HF Markets (Seychelles) Ltd regulated by the FSA (SD015). (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
  • Leverage: 1:1000
  • Minimum Deposit: $ 5
  • Platforms: HF Markets MT4 Terminal, HF Markets Multiterminal, MetaTrader 4 Webterminal, HF Markets iPhone Trader, HF Markets iPad Trader, HF Markets Android
  • Headquarters: HF Markets Ltd is headquartered in Cyber City, Mauritius
  • US Customers: No
  • Other instruments: CFDs on spot metals, energies, commodities, indices, bonds, shares, cryptocurrency
Try HOT FOREX with a demo account

72.21% of retail CFD accounts lose money

  • Regulations: CySEC, ASIC, EFSA, FCA
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.2/5


84% of retail CFD accounts lose money

4. Admiral Markets

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.

  • Regulations: Admiral Markets UK Ltd authorised & regulated by the FCA (595450); Admiral Markets AS authorised & regulated by the EFSA (4.1-1/46); Admiral Markets Cyprus Ltd authorised & regulated by CySEC (201/13); Admiral Markets Pty Ltd holds Australian Financial Services Licence (410681). (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
  • Leverage: Clients registered with a standard retail account can access 1:30 leverage, clients registered with a professional account can access 1:500 leverage
  • Minimum Deposit: $ 200 or similar size in other currencies
  • Platforms: MetaTrader WebTrader, MT4, MT5, MetaTrader Supreme Edition
  • Headquarters: Admiral Markets UK Ltd. is headquartered in London, UK
  • US Customers: No
  • Other instruments: CFDs on commodities, indices, shares, bonds, cryptocurrency, ETFs
Try ADMIRAL MARKET with a demo account

84% of retail CFD accounts lose money

  • Regulations: certified by FinaCom
  • Minimum deposit: $100
  • Platforms: MT4, MT5
  • InvestinGoal rank: 2.8/5


74-89% of retail CFD accounts lose money

5. Grand Capital

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.

  • Regulations: Grand Capital Ltd. is member of FinaCom. (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
  • Leverage: 1:2000
  • Minimum Deposit: $ 10
  • Platforms: MT4, MT5
  • Headquarters: Grand Capital Ltd. is headquartered in Saint-Petersburg, Russia
  • US Customers: No
  • Other instruments: CFDs on stocks, commodities, precious metals, energies, indices, cryptocurrency; binary options
Try GRAND CAPITAL with a demo account

74-89% of retail CFD accounts lose money

  • Regulations: VFSC
  • Minimum deposit: $30
  • Platforms: MT4
  • InvestinGoal rank: 3.7/5


74-89% of retail CFD accounts lose money

6. Titan FX

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.

  • Regulations: TI Securities Limited regulated by the VFSC (40313). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN
  • Leverage: 1:500
  • Minimum Deposit: $ 200
  • Platforms: MT4
  • Headquarters: TI Securities Limited headquartered in Port Villa, Vanuatu
  • US Customers: No
  • Other instruments: CFDs on indices, precious metals, energy commodities
Try TITAN FX with a demo account

74-89% of retail CFD accounts lose money

  • Regulations: CySEC, ISFC
  • Minimum deposit: No
  • Platforms: MT4, MT5, cTrader, rTrader, RoboForex Terminals
  • InvestinGoal rank: 3.9/5


74-89% of retail CFD accounts lose money

7. RoboForex

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.

  • Regulations: RoboForex Group regulated by the IFSC (IFSC/60/271/TS); RoboForex (CY) Ltd regulated by CySEC (191/13). (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: 1:2000
  • Minimum Deposit: $ 10
  • Platforms: MT4 (desktop, web, iOS, Android), MT5 (desktop, web, iOS, Android), cTrader (desktop, web, iOS, Android), R Trader (web platform)
  • Headquarters: RoboForex Group is headquartered in Belize City, Belize
  • US Customers: No
  • Other instruments: CFDs on stocks, indices, ETFs, soft commodities, energies, metals, cryptocurrency
Try ROBOFOREX with a demo account

74-89% of retail CFD accounts lose money

  • Regulations: FCA in the United Kingdom, Gibraltar FSC
  • Minimum deposit: $1
  • Platforms: InterTrader Advanced Platform, MT4
  • InvestinGoal rank: 4.2/5


78% of retail CFD accounts lose money

8. Inter Trader Direct

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.

  • Regulations: InterTrader Limited authorised & regulated by the Gibraltar Financial Services Commission and registered with the FCA (597312). (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
  • Leverage: 1:200
  • Minimum Deposit: £ 500, $ 500 or € 500
  • Platforms: MT4, web platform, mobile apps (Android and iOS), Advanced Platform
  • Headquarters: InterTrader Limited is headquartered in Gibraltar
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, shares, cryptocurrency; spread betting
Try INTERTRADER DIRECT with a demo account

78% of retail CFD accounts lose money

  • Regulations: FCA in the United Kingdom
  • Minimum deposit: NO
  • Platforms: LCG Trader, MT4
  • InvestinGoal rank: 4.5/5


79% of retail CFD accounts lose money

9. LCG

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.

  • Regulations: London Capital Group Limited authorised & regulated by the FCA (182110); London Capital Group (CYPRUS) Limited authorised & regulated by CySEC (341/17). (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: 1:500
  • Minimum Deposit: No minimum deposit required
  • Platforms: MT4 (desktop, tablet, mobile), LCG TRADER (desktop, tablet, mobile)
  • Headquarters: LCG Group is headquartered in London, UK
  • US Customers: No
  • Other instruments: CFDs on spot metals, indices, shares, bonds, commodities, EFTs; vanilla options
Try LCG with a demo account

79% of retail CFD accounts lose money