Best MT4 ECN Platforms for 2023

If you are looking for the best MT4 ECN brokers, you are in the right place. We have collected some of the best ones by taking into consideration the following factors:

• If they had an ECN account
• If they offered MT4 platform
• The Minimum Deposit
• The Spreads charged
• The Leverage provided

Round-Up

1. Pepperstone: Best MT4-ECN broker overall
2. Admirals: Best for algo trading on MT4
3. Vantage: Best MT4  ECN account
4. FP Markets: Best for liquidity
5. IC Markets: Best for scalping
6. FBS: Best for lowest spreads
7. FxPro: Best NDD execution
8. Roboforex: Best for crypto trading
9. OctaFX: Best for educational support
10. LCG: Best for UK based clients

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Review

1. Pepperstone

• Pepperstone provides a Razor ECN account available with the MT4 platform.
• No minimum deposit is requested by Pepperstone, though a $200 deposit is recommended.
• 200+ CFD assets are offered by Pepperstone in their ECN account, including forex, indices, stocks, commodities, crypto, and ETFs.
• Peppersone spreads start from 0 pips with a $7 round turn commission on forex.
• The leverage depends on your location. It is up to 200:1 (SCB), up to 30:1 (CySEC, FCA and ASIC), up to 500:1 (Professional SCB, CySEC, FCA, ASIC), up to 50:1 (DFSA).

Visit Pepperstone
(75.9% of retail CFD accounts lose money)

2. Admiral Markets

• Admirals provides a Zero MT4 account which is an ECN account available with the MT4 platform.
• The minimum deposit requested by Admirals to open this account is $100.
• Within this Admirals ECN account, you will have access to 45+ forex pairs, metals, index, and energies.
• The spreads charged start from 0 pips on forex with a commission from 1.8 to 3 USD per lot.
• Leverage depending on your location, up to 30:1 for CySEC, FCA, and ASIC clients, and up to 500:1 for professional CySEC, FCA, and ASIC clients.

Visit Admirals
76% of retail CFD accounts lose money

3. Vantage

• Vantage offers 2 ECN accounts, the Pro ECN account, and Raw ECN account, and both of them are available with the MT4 platform.
• The minimum deposit requested is $500 to open the Pro ECN account and $20,000 to open the Raw ECN account.
• The assets provided on both accounts are forex, indices, commodities, and shares CFDs.
• The spreads charged start from 0 pips for both accounts with a $3 commission per lot per side on the Pro ECN, while the commission starts from $1.75 on the Raw ECN.
• The leverage you will find is up to 30:1 as a UK, EU, and ASIC client, and up to 500:1 as an EU, ASIC, and UK professional client, and as a CIMA client.

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74-89% of retail CFD accounts lose money

4. FP Markets

• FP Markets provides the use of the MT4 platform with their Raw ECN account.
• The minimum deposit FP Markets clients find is $100 to open the ECN account.
• The spreads charged by FP start from 0 pips with a 3 USD per side commission on forex.
• The assets provided within this account are 60 forex pairs, with also metals, commodities, and indices.
• The leverage, again, depends on your location: it’s up to 30:1 for CySEC and ASIC clients and 500:1 as a non-EU trader.

Visit FP Markets
74-89% of retail CFD accounts lose money

5. IC Markets

• IC Markets allows the use of a Raw Spread account, which is available with the MT4 platform.
• The minimum deposit IC Markets requires is $200.
• 200+ CFD assets are offered, including 60+ forex pairs, indices, crypto, bonds, futures, stocks, and commodities.
• The spreads you will find within the ECN account are from 0 pips with a 3.50 per lot commission on forex.
• The leverage offered is up to 30:1 for ASIC, FCA, and CySEC clients, up to 500:1 for professional FCA, CySEC, and ASIC clients, and up to 500:1 for global clients.

Visit IC Markets
(74-89% of retail CFD accounts lose money)

6. FBS

• FBS offers an ECN account and a Zero Spread account as well, both usable with a MT4 platform.
• Please note that the ECN account is available only under the IFSC regulation.
• The minimum deposit to open a Zero Spread account is $500, while the minimum deposit to open an ECN account is $1,000.
• The Zero spread account has spreads from 0 pips and a $20 per lot traded
• The ECN account has spreads from -1 pips and a $6 per lot traded commission.
• The leverage depends on the account type and on the location: the ECN account allows a leverage up to 500:1 on forex, while the Zero Spread has leverage up to 30:1 for EU retail clients and up to 500:1 for professional clients.

Visit FBS
74-89% of retail CFD accounts lose money

7. FxPro

• FxPro offers an MT4 account with market execution.
• FxPro requires a minimum deposit of $100.
• The FxPro assets which can be traded are futures, crypto, shares, indices, and commodities.
• The FxPro spreads start from 0 pips on forex within this account type.
• The leverage is up to 30:1 for EU and UK clients, and up to 500:1 for FSCA, SCB, UK professional and EU professional clients.

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72.87% of retail CFD accounts lose money

8. Roboforex

• Roboforex provides an ECN account, available with the MT4 platform, as well as a Prime account.
• The Roboforex minimum deposit is $10 for both accounts.
• Spreads on the Prime account start from 0 pips with a $20 commission per million traded.
• Spreads on the ECN account start from 0 pips with a $10 commission per million traded.
• Both accounts provide the a variety assets to trade including forex pairs, metals, US stock CFDs, index CFDs and Oil CFDs.
• The leverage depends on your account type choice. This isup to 300:1 on Prime accounts and up to 500:1 on ECN accounts.

Visit Roboforex
(74-89% of retail CFD accounts lose money)

9. OctaFX

• OctaFX is a top ECN/STP broker which offers a MT4 account.
• The recommended deposit suggested by OctaFX is $100 to start using the MT4 account, though there is a $25 minimum deposit requirement.
• Clients will find the following OctaFX assets. 35 currency pairs, metals, energies, indices, and cryptocurrencies.
• Spreads with OctaFX start from 0.2 pips on forex.
• The leverage enabled is up to 500:1 for global clients and up to 30:1 for EU clients on major forex.

Visit OctaFx
74-89% of retail CFD accounts lose money

10. LCG

• LCG offers an ECN account available with the MT4 platform.
• The minimum deposit requested by LCG is $10,000.
• There are 7000+ CFDs offered by LCG that you can trade with the MT4 platform including,forex, spot metals, indices, commodities, shares, bonds, ETFs.
• The LCG ECN account charges spreads from 0 pips on forex.
• The leverage accessed is up to 30:1 for FCA and CySEC clients, while it is up to 500:1 for SCB clients. Moreover, EU and UK professional clients have as well access to a max. leverage up to 500:1.

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79% of retail CFD accounts lose money