In this article, I’ll be sharing the 10 best ECN brokers with MT4 for US clients who trades Forex and understands all ECN is all about., But if you don’t know what an ECN broker is, just read up and you will get to know about it.
What is an ECN Broker?
ECN (Electronic Communication Network) broker simply refers to a specific account type online brokers offer. It’s a fantastic technology with a cheap trading cost for real-world trading.
This technology is ideal for traders who want to participate more actively during market hours. It can also benefit those who require more variety by lowering commission rates and tightening spreads.
ECN brokers allow you to participate in the market against a pool of huge financial organizations. You may choose from the best ECN brokers with MT4 for US clients in this article. So, without further ado, let’s get started.
List of Top 10 Best ECN Brokers with MT4 for US Clients
If you’re in the US who wants an ECN broker with MT4 feature, here’s a comprehensive list.
1. FXTM – Best ECN Broker for Zero Commissions
FXTM, an online broker, is governed by the FCA and CySEC. Currency, commodities, spot metals, and stocks can all be traded using CFDs. Its ECN accounts require a $500 minimum deposit and provide zero commissions and tight spreads. The third-party platforms MT4 and MT5 can also be used.
2. Forex.com – Best All-Round ECN Broker
Forex.com is a currency trading platform that also offers other asset types. CFDs in the form of equities, commodities, and indices are included. Forex.com offers a full-featured ECN trading environment called GTX Direct.
This implies you’ll be used to fees, spreads, and commissions that are competitively priced.
3. Pepperstone Markets – Best ECN Broker Advanced Trading Platform
Pepperstone Markets is a well-known online trading platform that provides STP and ECN accounts. You will get access to MT4, MT5, cTrader, and ZuluTrade, among other trading platforms.
This is perfect for those who need advanced chart reading and sketching skills and the capacity to deploy automated robots.
It takes a variety of payment options, including debit/credit cards, PayPal, and bank transfers. You can safely engage in scalping and hedging if negative balance protection is available.
4. ThinkMarkets – Best ECN Broker For High Leverage
Think Markets is a regulated internet broker with many licenses. This includes the FCA as well. Think Markets offers ECN accounts and a variety of other account types. This broker is popular among traders who wish to take advantage of large leverage limits. If you’re a professional-client, this number jumps to 1:500.
5. RoboForex – ECN Accounts With 0 Spreads
ECN accounts are available through RoboForex, an online trading platform. You may start playing in minutes, and the minimum deposit is only $10. Best of all, when trading with an ECN account, you will not be exposed to any spreads. High liquidity and quick execution speeds are available on the platform.
6. InstaForex ECN Account
InstaForex may be the perfect alternative for you if you’re on a tight budget because their ECN account minimum is merely 1 US dollar.
Its goal is to deliver top-notch trading services to its customers, and it currently has more than 200 assets spread across five asset types. It also provides access to over 30 experienced analysts that can assist with market research and analysis.
7. FP Markets ECN Account
FP Markets is another excellent ECN broker that has been around since 2005. It has over 13,000 assets and is regulated by several reputable bodies.
Its competitive leverage and tight spreads make it a genuine choice for many traders. Only a $100 deposit is required to create an ECN account with this brokerage.
8. IC Markets ECN Account
IC Markets is a top ECN broker with various solutions to suit your trading style. This brokerage also offers Islamic accounts and supports 10 different account base currencies.
IC Markets provides a competitive trading environment and transparency and security. Furthermore, technical analysis tools and outstanding customer service elevate this broker’s trading experience to new heights.
9. XM ECN Account
XM is a well-known and licensed ECN Forex broker that provides customers with a comfortable and transparent trading environment. It provides ECN accounts with lower minimum deposits than the industry average. Furthermore, the site comes with a demo account that you can utilize to try all of its features.
10. Interactive Brokers
Interactive Brokers’ forex trading platform accepts US clients, which provides direct access to interbank market prices.
You’ll be able to trade 23 different currencies with commissions as low as 0.08 pips, but the MetaTrader platform will not be supported.
ECN Broker Pros
One of the many pros of choosing an ECN broker is the price feed transparency. All ECN brokers use the same feed, and you can trade using the same price supplied.
You can also look at a limited quantity of price history to quickly analyze market trends. It makes unethical behavior more difficult, but it also reduces price manipulation.
Furthermore, no user can have an inherent advantage over other users because of the equal distribution of knowledge.
The following are some of the pros of choosing an ECN broker: Low costs, no requotes. Deep pooling entails a lot of liquidity, raw spreads, no conflicts of interest, and no slippage.
ECN Broker cons
When opposed to non-ECN systems, one of the major cons or disadvantages of utilizing an ECN broker is charging fees on general trading.
As previously said, you’ll have to pay a commission on each trade, which can be pricey and impact your profits and bottom line.
That’s all there is to it. We discussed ECN brokers with MT4 for US clients and their benefits and drawbacks in this post. ECN Forex Broker may surely assist you in trading currencies or any other instrument.
Furthermore, the post includes the finest ECN broker, which you can select based on your specific demands and trading objectives.
The ECN broker will not only allow you to trade at the best available rates from liquidity providers but will also assist you in trading in a transparent manner.
Don’t forget to share your idea or question in our comment box.
Watch the video below to know the best ECN brokers with MT4 for US clients: