Top 10 Best ECN Forex Brokers for Scalping 2020

Filippo Last Updated: January 2019 10 min read
Top Rated:

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.

 

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)

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Table of contents

    Top 10 of the Best ECN Forex Brokers for Scalping 2020

    Here’s our ranking.

    Open an account
    76.5% of retail investor 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 USD commission per lot and very tight spreads no matter the market conditions. An added benefit when you are trading with Pepperstone is they have a range of great social trading features allowing you to learn from others. Trading here you will have a choice between the renowned Razor account, and the Pepperstone standard account.

    The account choice will come with all of the best trading platforms in the industry available. You will have MT4, MT5, and cTrader at your disposal and all with a minimum deposit of $200. The fact that Pepperstone spreads start from 0 pips is another appealing factor for scalpers and more experienced or high volume traders will certainly be attracted by the broker active trading program.

    95
    Rated: Excellent
    security 94
    cost 100
    trading 100
    education 71

    Platforms: cTrader desktop, cTrader web, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, ASIC, DFSA Minimum Deposit: $200
    Open an account
    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. Beyond this, their regulatory environment can be very well trusted with oversight from both ASIC and CySEC.

    The availability of all the top trading platforms like MT4, MT5, cTrader, and Webtrader contribute to their reputation as a top broker for trading forex. That, added to the very low spreads starting from 0.1pips make it a perfect environment. There is also no minimum deposit which can be attractive to new traders with CFDs available on indices, commodities, stocks, futures, bonds, and crypto.

    94
    Rated: Excellent
    security 93
    cost 100
    trading 100
    education 66

    Platforms: cTrader desktop, cTrader web, Mirror Trader, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web Regulations: ASIC, CYSEC, Offshore Minimum Deposit: $0
    Open an account
    73.57% of retail investor 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. The broker are also active around the world with availability of multiple base currencies and a range of deposit methods that ensures trading here is accessible to all and at a very low minimum deposit.

    At HotForex you will choose between a total of 6 account types including a micro account where a minimum deposit of just $5 makes for a very attractive proposition even to beginners in trading. They also have a special account aimed at stock trading with a $10,000 minimum deposit so there is variety available for all at HotForex.

    85
    Rated: Excellent
    security 94
    cost 100
    trading 73
    education 70

    Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web Regulations: FCA, MIFID-ESMA, CYSEC, Offshore, FSC (Mauritius) Minimum Deposit: $50
    Open an account
    76% of retail investor 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. The ECN order execution provided here also means that you will have the best chance of never missing out on any market movement. Backed by the trusted regulation of both the FCA and CySEC, the broker attracts traders thanks to this transparency.

    You will find more than 4,000 assets available to trade including bonds, ETFs, and cryptocurrencies through 2 account types, Both with a minimum deposit of just $100 and the top MT4, MT5, and Webtrader trading platforms available. The spreads are attractive for scalping too. They start at 0 pips on a Prime account, and 0.5 pips on a Standard account.

    80
    Rated: Excellent
    security 94
    cost 72
    trading 73
    education 78

    Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, CYSEC Minimum Deposit: $200
    Open an account
    74-89% of retail CFD accounts lose money

    5 Vantage FX

    Vantage FX are another highly trusted ECN forex scalping broker based in Australia. The very tight spread offered together with the availability of very distinct ECN account types make this an ideal broker considered one of the best for scalping. They are also well regulated by ASIC, FCA, and CIMA that inspires confidence.

    Trading and scalping alike can take place here through both the MT4 and MT5 trading platforms offered. The account types mentioned that are ideal for scalping with Vantage FX are the Raw ECN and Pro ECN with $500 and $20,000 minimum deposits respectively helping attract a wide spectrum of traders. Vantage FX provides trading in more than 150 CFD markets including 40 forex currency pairs and all at a great forex spread starting from 0 pips. An top rated Islamic account is also offered.

    83
    Rated: Excellent
    security 92
    cost 100
    trading 72
    education 57

    Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, Offshore Minimum Deposit: $200
    Open an account
    74-89% of retail CFD accounts lose money

    6 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 WebTrader seems like just the right trading platform to run the account, with a simple and stable Internet connection being enough to benefit from it through this Market Maker ECN broker.

    Scalpers can trust in the trading platforms offered, with MT4, MT5, and Webtrader all available for choosing. The available account type at Grand Capital is an ECN Prime account where the minimum deposit is $500. Here you will find 38 forex currency pairs for trading with very low spreads ideal for scalping. If you are a non-European resident, you can also avail of a 40% welcome bonus.

    61
    Rated: Medium
    security 57
    cost 63
    trading 66
    education 57

    Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: Offshore Minimum Deposit: $100
    Open an account
    74-89% of retail CFD accounts lose money

    7 TitanFX

    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. The ECN order execution style will also ensure that you can engage in scalping as effectively as possible. A minimum deposit of $200 also put Titan FX well within range for the majority of the forex trading market and with pricing from more than 20 top-tier banks, it is clear to see why this broker is a top scalping choice.

    When trading with TitanFX you will have access to more than 70 forex pairs and great, low spreads for scalping from 0 pips through the trusted MT4, MT5, and Webtrader platforms. An excellent active trader program is also in place to reduce costs.

    67
    Rated: Medium
    security 77
    cost 68
    trading 60
    education 57

    Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FMA, Offshore Minimum Deposit: $100
    Open an account
    74-89% of retail CFD accounts lose money

    8 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. The ECN STP brokers lightning fast execution also means that you will never miss a scalping opportunity as the market moves. RoboForex are also very well-trusted with both CySEC and IFSC regulations in place.

    Scalpers and other types of forex traders alike are bound to be further attracted by the great value spread offered here. These spreads start from just 0 pips and a deposit bonus is available for those based outside the EU. For European traders there is a great active trader program to lower trading costs.

    85
    Rated: Excellent
    security 92
    cost 100
    trading 74
    education 72

    Platforms: cTrader desktop, cTrader web, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Web Platform, MAC Platforms Regulations: MIFID-ESMA, CYSEC, Offshore Minimum Deposit: $10
    Open an account
    74-89% of retail CFD accounts lose money

    9 FP Markets

    FP Markets are another top-rated Australian forex broker among scalpers attracted by their fast and efficient ECN style and STP execution. They have been around since 2005 and have quickly developed into a broker of choice for those who want to trade and scalp with a trusted broker. They are well-regulated by both ASIC, and CySEC.

    Those interested in forex scalping with FP Markets are also attracted by the excellent value on offer with extremely competitive spreads starting from 0 pips helping to keep trading cost ideal for scalping. You can trade through the major platforms of MT4, MT5, and Webtrader with this broker. Newer traders to forex trading and scalping are also motivated by the low minimum deposit of $100 to get started trading with FP Markets.

    95
    Rated: Excellent
    security 92
    cost 100
    trading 100
    education 79

    Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Desktop Platform, MAC Platforms Regulations: MIFID-ESMA, ASIC, CYSEC, Offshore Minimum Deposit: $200
    Open an account
    76% of retail investor accounts lose money

    10 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. This huge volume has been made possible thanks to the top-class and high speed execution provided by the ECN STP nature of the broker.

    As a trader with LCG you will have access to an ECN account perfect for scalping with a minimum deposit of $10,000 to get started. They also offer a huge range of markets, more than 7,000 where you can engage in scalping through the most well-known and trusted trading platforms around, both MT4 and Webtrader making this a great hub for the more experienced forex trader and scalper.

    81
    Rated: Excellent
    security 94
    cost 68
    trading 77
    education 77

    Platforms: MT4 Dekstop, MT4 Web, Proprietary Web Platform Regulations: FCA, MIFID-ESMA Minimum Deposit: $0

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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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