Best ECN Forex Brokers - Best Forex Brokers in the World 2023

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#	What we liked	Min Deposit The minimum amount you need to deposit in order to start trading.	Spread From Spreads are representative of a EUR/USD trade and are represented in PIPs. 1 PIP is equal to 1/100th of 1% (0.0001).	Max Leverage Leverage refers to the ratio of securities you can buy for a given payment. The higher the leverage ratio, the higher your buying power (and the higher the risk). For example, a leverage ratio of 500:1 means you can purchase 500 securities, but only pay the equivalent of 1 security valuation. The leverage ratio offered can vary depending on the experience level of the trader.	Regulation We only list licensed brokers that comply with the requirements of prominent regulatory agencies.	Our Score	Start Trading
1	State of the art technology 10,000+ instruments Favorable trading Conditions More info	$100	0 Pips PIPs	500:1	ASIC, CySEC	9.7 Excellent	Open an Account
Special Features One clicks trade Copy trading Demo account 30+ tools State-of-the-art technology Platforms & Devices Desktop Mobile Web MT4 MT5 1701 reviews on FP Markets Full Review
2	Access to deep liquidity Professional trading conditions Superior execution trading technology More info	$100	0 Pips PIPs	100:1	FCA, CySEC, FSCA, SCB	9.4 Excellent	Open an Account
Special Features Deep liquidity Social trading Transparency Execution technology NDD intervention Platforms & Devices Desktop Mobile Web, MT4, MT5 cTrader 1500 reviews on FxPro Financial Services Ltd Full Review
3	Free deposit and withdrawal Low forex fees Standard accounts and raw spread accounts More info	$200	0 Pips PIPs	500:1	ASIC, CySEC, FSA, SCB	9.1 Great	Open an Account
Special Features Free withdrawal Low forex fees Algo trading API trading Numerous assets Platforms & Devices Desktop Mobile Web MT4 MT5 cTrader 900 reviews on IC Markets Full Review
4	Webinars, educational materials, daily analytics Continuously developing broker Convenient trading tools More info	$1	0 Pips PIPs	3000:1	CySEC	9.0 Good	Open an Account
Special Features Multiple payments Cent account VPS server No deposit bonuses Cashback Platforms & Devices Desktop Mobile Web FBS Trader MT4 MT5 825 reviews on FBS Markets Inc. Full Review
5	Easy and fast account opening Minimal time delay in execution Instant Deposit and Withdrawal More info	$5	0 Pips PIPs	1000:1	ASIC, CySEC, FSC	9.0 Good	Open an Account
Special Features Fast account opening Fast execution Low stock CFD Fast deposit and withdrawal Islamic account Platforms & Devices Desktop Mobile Web MT4 MT5 cTrader 850 reviews on XM Full Review
6	9 base currencies 24/7 technical service Direct market access VPS, FIX API, copy trading Superior trading conditions More info	$0	0 Pips PIPs	500:1	FSA	9.0 Good	Open an Account
Special Features 9 base currencies 24/7 technical service Direct market access VPS, FIX API, copy trading Superior trading conditions Platforms & Devices Desktop Mobile Web MT4 MT5 820 reviews on BlackBull Markets Full Review
7	Compliant with the MiFID directive Multiple trading accounts Insurance for clients’ funds More info	$5	0 Pips PIPs	1000:1	FCA, DFSA, FSCA, FSA, CMA	8.3 Okay	Open an Account
Special Features 3500+ assets Multiple trading accounts Transparency PAMM accounts Telephone trading Platforms & Devices Desktop Mobile Web MT4 MT5 800 reviews on HF Markets Full Review
8	Zero commission Best pricing & execution Advanced trading tools More info	$0	0 Pips PIPs	500:1	ASIC, FCA	7.9 Okay	Open an Account
Special Features AxiPrime Copy trading Multiple VPS Deep liquidity PsyQuation AI Platforms & Devices Desktop Mobile Web MT4 MT5 750 reviews on AxiTrader Full Review

Top Brokers

With 10,000+ instruments, FP Market has been one of the top forex brokers in the industry since 2005. The broker offers favorable trading conditions, low spreads, popular trading platforms, fast order execution features, and more.

Excellent education tools
Low forex fees
Fast account opening
Easy funding methods

No bonuses

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Operating in 170+ countries, FXPro offers forex pairs, futures, CFDs, stocks, and more. The company has received 85+ awards which include the “Best Trading Platform” award. On top of that, FXPro is well known for offering the best trading tools.

Excellent customer service
Free deposit and withdrawal
Negative balance protection
Wide range of platform

Inactivity fee
High Trading for some CFDs

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This Australian-based forex broker is known for favorable trading conditions. They have a license from the Australian Financial Services License (AFSL) and the Australian Securities and Investment Commission (ASIC). Large options of instruments are another top feature.

Low forex fees
Fast order execution
Analytical training materials
90+ instruments

Slow live chat support
Non-EU traders don’t get investor protection

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Operating in more than 190 countries, FBS clients can trade forex, futures, indices, metals, exotic currencies, CFDs, and more. Founded in 2009 company has received more than 40 international awards for its excellent brokerage service around the world.

No withdrawal fee
Low stock and stock index CFD fees
Negative balance protection
No inactivity fee

Average forex CFD fees
No PAMM accounts

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Although the broker started with a narrow niche in 2009, XM has experienced considerable growth over the years. Now they are available in around 190 countries and have more than 5 million traders around the world.

Low withdrawal fees
Great educational tools
Wide range of leverage
Multilingual customer support

Non-EU traders don’t get investor protection
Lack of weekend customer support

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Starting in 2014, BlackBull now operates in more than 180 countries. While the head office is in Auckland, New Zealand, they have an office in other countries. It offers more than 26,000 tradable instruments for all traders.

9 base currencies
24/7 technical service
Direct market access
VPS, FIX API, copy trading
Superior trading conditions

No negative balance protection
Withdrawal fees

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With 35 prestigious awards, the broker offers a wide selection of account types with a variety of trading instruments and high-quality software. With a solid list of tools, you can complete instant order execution in several conditions.

Low spread
Controlled by several regulators
Numerous deposit and withdrawal
Favorable trading conditions

Few account currencies
Only USD or EUR as base currencies

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From humble beginnings in 2007, AxiTrader has rapidly grown to encompass a large portion of the forex market. Our AxiTrader review found out that they offer one of the best trading platforms globally and other unique features.

Automatic insurance coverage
Low entry threshold
Fully digital account opening
Low forex fees

Limited research tools
Only forex and CFD trading

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Best ECN Forex Brokers in the World 2023

Best ECN Forex Brokers - TOP FOREX BROKERS REVIEW

How did We Compare the Brokers?

Liquidity

Forex brokers employ traders to buy and sell orders for a commission on each trade. The more liquidity or available currency pairs and potential trading opportunities, the more likely the broker will have competitive rates. The liquidity and trading volume of a broker must be evaluated. This is important, especially for traders involved in high-risk investments such as currency trading, for whom the rate of return can be quite substantial, but failure has a high consequence.

Trade Fees

A figure represents the total cost to the trader in commissions, bank charges, and other expenses on trades executed from their account. Fees are important to determine your profit and loss from forex.

Support and Education

The level of support and educational material offered by the broker, both online and via phone or live chat support. Each broker has its own strengths and weaknesses, so it is important to choose a broker you know will provide you with the information and support you need to improve your trading.

Trader Competitiveness

The success rate of the average trader on the system prior to opening an account with that broker, as well as whether they have a long-term trading record with that broker. The broker with more traders is considered to be the best.

Customer Service

A comparative review of the customer service offered by each broker to help you make an informed decision. The customer service of the broker is important for any trader who has a question about their account, but also, other issues can arise.