Top 9 Best ECN Forex Brokers for Scalping 2018

by | Nov 20, 2018 | Best Brokers | 0 comments

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 2018

Here’s our ranking:

1. Pepperstone

pepperstone ecn scalpingOne 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: ASIC in Australia, FCA in the United Kingdom
  • Type: ECN
  • Leverage: up to 1:500 for professional retail traders
  • Minimum Deposit: $200
  • Headquarter: Australia
  • US Customers: No
  • Other instruments: commodities, cryptocurrencies, indices, energy, precious metals
  • Try PEPPERSTONE with a demo account (CFD’s : 79% of retail traders lose money)

2. IC Markets

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

  • Regulations: ASIC in Australia
  • Type: ECN
  • Leverage: up to 1:500, depending on the asset
  • Minimum Deposit: $200
  • Headquarter: Australia
  • US Customers: No
  • Other instruments: CFD’s, ETF’s, stocks, bonds, cryptocurrencies, commodities
  • Try IC MARKETS with a demo account

3. Admiral Markets

admiral ecn scalpingWith 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: FCA in the United Kingdom, ASIC, EFSA, CySEC
  • Type: ECN and STP
  • Leverage: from 1:30 to 1:500 for professional retail traders
  • Minimum Deposit:
  • Headquarter: Estonia, U.K.
  • US Customers: No
  • Other instruments: CFD’s, commodities, cryptocurrencies, shares, ETF’s
  • Try ADMIRAL MARKETS with a demo account (83% of traders lose money in CFD trading)

4. Grand Capital

 grand capital ecn scalpingOffering 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: FinaCom
  • Type: ECN
  • Leverage: 1:3000
  • Minimum Deposit: $100
  • Headquarter: St. Vincent and the Grenadines
  • US Customers: No
  • Other instruments: futures, cryptocurrencies, CFD’s
  • Try GRAND CAPITAL with a demo account

5. Titan FX

titanfx ecn scalpingOffering 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: VFSC
  • Type: No-Dealing Desk
  • Leverage: up to 1:500 depending on the asset
  • Minimum Deposit: $30
  • Headquarter: Vanuatu
  • US Customers: No
  • Other instruments: precious metals, CFD’s, energies
  • Try TITAN FX with a demo account

6. HotForex

hotforex ecn scalpingOne 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: CySEC, FSC, FSB
  • Type: ECN
  • Leverage: 1:1000, depending on the customer’s country of residence
  • Minimum Deposit: $50
  • Headquarter: Cyprus
  • US Customers: No
  • Other instruments: indices, commodities, bonds, cryptocurrencies, metals and energy, shares
  • Try HOTFOREX with a demo account

7. RoboForex

roboforex ecn scalpingWith 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: CySEC, ISFC
  • Type: No-Dealing Desk
  • Leverage: 1:1000
  • Minimum Deposit: No
  • Headquarter: Cyprus
  • US Customers: No
  • Other instruments: ETF’s, metals, energies, cryptocurrencies, indices, stocks, soft commodities
  • Try ROBOFOREX with a demo account

8. Inter Trader Direct

intertrader direct ecn scalpingA 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: FCA in the United Kingdom, Gibraltar FSC
  • Type: No-Dealing Desk
  • Leverage: up to 1:500, depending on the trading asset and conditions for professional retail traders
  • Minimum Deposit: $1
  • Headquarter: Gibraltar
  • US Customers: No
  • Other instruments: indices, commodities, cryptocurrencies, shares
  • Try INTER TRADER DIRECT with a demo account (64%-72% of traders lose money in CFD trading)

9. LCG

lcg ecn scalpingWith 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: FCA in the United Kingdom
  • Type: No-Dealing Desk
  • Leverage: dynamic leverage, up to 1:500 depending on the traded asset
  • Minimum Deposit: No
  • Headquarter: United Kingdom
  • US Customers: No
  • Other instruments: bonds and interest rates, vanilla options, ETF’s, spreads and costs, spot metals, shares, commodities
  • Try LCG with a demo account (79% of traders lose money in CFD trading)

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