ECN Forex brokers does not have a dealing desk but instead provides direct access to other Forex market participants — retail and institutional. This where multiple market makers, banks and traders can enter in competing bids and offers into the platform and have their trades filled by multiple liquidity providers in an anonymous trading environment.

Advantages – You bet. No requotes, Scalping, A greater number of marketplace participants providing pricing to the ECN broker leads to tighter spreads.

Disadvantages of ECN forex broker – Fixed commissions

Best ECN Forex Broker

IC Markets is one of the world’s only True ECN forex brokers providing trading solutions for active day traders and scalpers as well as traders that are new to the forex market. IC Markets offers its clients cutting edge MT4 and cTrader trading platforms, low latency connectivity and superior liquidity. IC Markets is revolutionizing on-line forex trading, on-line traders are now able to gain access to pricing and liquidity previously only available to investment banks and high net worth individuals.

Trade forex on 0.0 pip spreads and can gain a competitive edge, unrivalied trade execution speeds, reliability and performance. IC Markets Servers are located in NY4, and LD5 IBX Equinix Data Centers and has traders from 160 countries who have switched to True ECN – the safe and popular choice for automated traders and high volume traders worldwide.

Benefits of trading with ICMArkets include:

  • Regulated by ASIC, Australian Financial Services Licence Number 335692
  • Australian Based
  • Client Segregated trust accounts with Australian Banks – Westpac and NAB
  • Professional Indemnity Insurance – Lloyds of London
  • Member of external dispute resolution scheme – FOS
  • Externally Audited

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