Trading on ECN Forex is generally considered suitable mainly for experienced traders. For those who are just starting out and want to take advantage of ECN accounts effectively, preparing extensive knowledge before starting to invest is undeniable.
It is important to choose a reliable and stable ECN broker. Which exchanges are leading in terms of safety at the present time? Please join Learn Forex Trading to discover this in the article below!
Information about ECN Forex
There are two main types of trading exchanges in the market: order holding exchanges and ECN (order pushing) exchanges. By not holding orders, ECN brokers do not create conflicts with their investors. They only collect commissions from investors and do not interfere in the trading process. If you are considering trading on such an exchange, learn the following information
What is ECN forex?
The ECN system was created with the goal of creating an environment where all customer requests can interact effectively. It acts as a connecting platform where traders and banks can issue orders and execute transactions.
The ECN Forex system meets the requirements of traders by executing transactions at the price they desire, based on the maximum price determined by the exchange (bank, bookmaker).
How does ECN work?
Technology applied in the Online Trading Platform (ECN). Give investors the ability to participate. Converging multiple liquidity sources into one centralized system. Through this, they can build and tailor orders to provide their customers with the largest-sized deals.
Not having to choose between Liquidity Providers (LPs) while still ensuring orders are delivered to the LP at the best price helps save customers time.
To create a transparent, easy-to-understand, and fast pricing environment. The bidding process must be carried out effectively. Meet the requirements of customers.

Every participant in the ECN network, anyone who makes a bid or offer is considered a liquidity provider.
Through the creation of a Virtual Order Book, which is a list containing all active buy and sell orders in the market. With major contributions from price makers such as banks and interbank organizations. Or large-scale global funds.
See more: Summary of new updates on Forex trading platform
Notes when trading ECN Forex
One of the significant limitations of ECN Forex is the minimum deposit, with the threshold being $300 or more and the minimum required influence being 1:200 or more. This can be explained by the fact that ECN brokers execute transactions instantly. Therefore, with minimal fees, the amount required is very small.
However, this also means that if the transaction does not reach a certain standard. The exchange may not be maintainable.

In addition, because your transactions are made based on the market there can be no intervention from the exchange. ECNs must comply with strict licensing standards from major organizations such as the FCA.
This ensures that investors do not incur excessive fees. There is no outside intervention to take advantage of their accounts. For experienced investors, choosing ECN is often preferred over other exchanges.
Benefits when participating in trading on the ECN exchange
When participating in the ECN trading exchange, you will experience special advantages from both physical, psychological, and spiritual aspects when participating in market transactions. Therefore, there is no reason why many traders do not go to the ECN exchange to enjoy these benefits. Please explore the content below to better understand these special advantages.
Reasonable buying/selling price
ECN Forex often applies a fixed commission model, ensuring transparency and completely eliminating hidden costs in order to profit from investors. Additionally, they also stand out for providing the best buy/sell prices, low spreads between prices, and fast transaction processing speeds.
ECN Forex does not require orders
DMA technology reaches the market directly. Allows the system to access prices from various liquidity sources. Completely eliminate the need for requotes. This comes from the fact that ECN exchanges generate income mainly from trading fees. Instead of relying on profits from managing customers’ winning or losing orders.
EA is suitable for traders
ECN Forex is the ideal choice for automated EA trades because of its extremely fast execution speed. It only takes a few microseconds to execute a single order.
There is no conflict of interest between ECN Forex and its consumers
There is no order management department on the exchange because all orders are sent directly to the market, which means that the exchange does not perform transactions against customers, unlike a house model like Market Maker.
Method to choose the best ECN brokers
The value of an exchange is assessed mainly by whether or not it owns a license. This license needs to be issued and evaluated by reputable agents such as FCA, CySEC, NFA,… to protect investors.
To ensure safety and quality of service, licenses often impose restrictions on the scale of operations across local areas.
Trading on licensed exchanges is considered more comfortable and safer than trading on unlicensed exchanges. However, to maintain quality and safety, licensed exchanges may impose higher transaction costs. Is an equivalent exchange for better services and security.

Evaluate the trading fees of ECN trading platforms
ECN Forex has become popular among the investor community thanks to the stability of its trading costs, especially compared to conventional exchanges. Spreads and commissions make up part of the trading costs of an ECN account and are listed transparently.
Trading fees for many currency pairs such as EUR/USD on ECN exchanges usually range from 6 – 18 USD. Depending on the specifLearn Forex Trading conditions of the exchange. However, with a proven reputation, according to Self-Teach Forex’s assessment, this is a reliable choice.
Is the ECN Forex trading platform good?
A high-speed trading platform is considered the pillar of an exchange capable of strongly responding to market requirements. The important thing about ECN is its ability to provide extremely fast system response times to investor orders.
Although spreads and quotes can fluctuate in seconds due to the high volatility of ECN, it is important to choose a reliable trading platform such as ECN to ensure convenience and reliability.
Customer care
Customer service plays an undeniable role in the operations of every organization. Because it is directly related to human factors, trust, and financial success.
Especially, in the volatile and complex environment of the foreign exchange market. Having support and advice from experts is important to ensure safety and effectiveness.
Luckily, ECN Forex not only offers excellent customer service, but also 24/7 support in multiple languages, and has a team of experienced market experts ready to advise. and support.
ECN Forex has an efficient payment system
Most exchange settlement systems in Asia and Africa require significant improvement. Customers from Asian countries are often subject to deposit fees. Up to 1.7% to 4% when using a credit card to deposit.
This poses a big challenge for traders, especially when they only make a profit of about 5% per month. So, choose an ECN broker that supports local payment systems. Or provide quick payment methods. Reasonable cost is a very important decision.
Top 5 best ECN Forex today
With increasing demand and increasing popularity, many ECN trading platforms have appeared and developed strongly in the financial market. However, not all follow the ECN format fully. To avoid this situation, we would like to introduce to you real ECN trading platforms.
Tickmill broker – ECN exchange with lowest trading fees
Tickmill is a trading platform that uses both MT4 and MT5, with the lowest fees on the market. However, Classic and premium accounts have a relatively large difference.
In contrast, when using a Pro account, the trading fee is 0 pips and $4 commission. This is one of the lowest in the industry that is still considered acceptable. The advantage is that you only need to deposit a minimum of 100 USD to use this account.

Sàn HotForex (HFM)
HFM Zero is attracting the attention of the ECN Forex investor community with its commitment to offer 0 pip spreads and low commissions of only 6 USD (both buying and selling) on all major currency pairs. To activate this ECN account, investors need to pay 200 USD or more.
This account extends access to the entire CFD portfolio on HFM. Including Forex, metals, energy, stocks, bonds, commodities, and ETFs, etc. It also supports both MT4 and MT5 trading platforms.

Exness broker – Reputable ECN exchange
Exness offers two types of ECN accounts: Raw Spread Account and Zero Account. Raw Spread accounts apply the same costs as regular ECN accounts.
However, it has no limit on leverage and the number of open orders. With low costs and tight spreads of up to 0 pips for the EUR/USD pair. Along with an industry-standard commission of 7 USD round trip.
Exness Zero Account offers special advantages. The highlight is the fixed spread of 0 pips for the top 30 trading instruments. The commission is also very low, just 0.1 pip each way per lot. At the same time, this account is not limited in terms of leverage and number of open orders.

FBS standards
FBS ECN account is unique in having negative spreads. Sometimes down to -0.1 pip for the EUR/USD pair, with the average price usually being 0 pip. This is the biggest unique and competitive point of FBS. Although they only offer one type of ECN account.

In addition, the commission level is also lower than the industry average, only 6 USD both ways. Along with many attractive Forex bonus programs
For professional traders, FBS’s ECN account is even more attractive with leverage up to 500:1 and the ability to open or place pending orders without limits within the same time period.
ICMarkets broker – best ECN Forex platform
Not only does it have low trading costs, but ECN ICMarkets also offers seminars on media platforms, guided by experts. There is an archive of carefully selected educational materials. They provide top-notch technical assistance, especially focused on new investors.
Both ICMarkets’ raw and zero-fee accounts come with adjustable spreads. The average is 0.1 pip for the EUR/USD pair, a highly appreciated advantage.
Additionally, ICMarkets offers a commission-free Standard Account. With spreads starting from 1 pip, aggregated from 25 different providers to ensure that trading fees are always competitive.
See more: Opening and verifying an ICMarkets account
The difference between ECN, STP, and bookmaker exchanges
Other than STP Forex or bookmaker, ECN began as a market where participants could place orders on the exchange without outside interference or price manipulation, with the goal of profiting from traders mainly through transaction fees.
Therefore, to identify a reliable ECN Forex, you can rely on the following characteristics:
- Transactions are performed quickly, giving users a better experience.
- Prices are close to market prices, ensuring fairness and transparency in the transaction process.
- The spread is almost 0 and the commission is not too high. Helps users have low transaction costs.
Depth of exchange display (DOM) is a graph that shows participants’ transactions at various prices and amounts. This is an important factor to consider when evaluating an ECN broker. Usually only available on ECN exchanges, not Market Makers.
Conclude
You have had the opportunity to refer to the list of 5 most reputable and safe ECN Forex today. We hope that investors have found a listing that suits their personal needs and criteria. Please continue to follow articles on Learn Forex Trading to update more useful information.
A few questions related to ECN Forex
Why is ECN considered the preferred choice of experienced investors?
ECN is popular because of its transparency and no conflicts of interest with customers. Provides a fast and fair trading environment.
Why is it important to use DMA technology in ECN?
DMA (Direct Market Access) technology helps ECNs access prices from multiple liquidity sources directly. Eliminates the need for requotes and creates an efficient trading environment.
What makes Exness ECN accounts stand out among other exchanges?
Exness ECN account is special with negative spreads. Sometimes down to -0.1 pip for EUR/USD pair and low commission, attracting investors.