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TOP FOREX BROKERS REVIEW

THE INTERNET'S MOST COMPREHENSIVE LIST OF ONLINE FOREX BROKERS AND FOREX REVIEWS. 

Best ECN Forex Brokers - Best Forex Brokers in the World 2022

Find the best ECN Forex Broker & Start trading instantly!

Best ECN Forex Brokers
# Broker 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
$100
0 Pips PIPs
500:1
ASIC, CySEC
9.7 Excellent
image
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
2
  • Access to deep liquidity
  • Professional trading conditions
  • Superior execution trading technology
$100
0 Pips PIPs
100:1
FCA, CySEC, FSCA, SCB
9.4 Excellent
image
Special Features

Deep liquidity
Social trading
Transparency
Execution technology
NDD intervention

Platforms & Devices

Desktop
Mobile
Web,
MT4,
MT5
cTrader

3
  • Wide variety of payment options.
  • Multiple passive income options
  • Welcome bonus
$100
0 Pips PIPs
200:1
FSC
9.2 Excellent
image
Special Features

Welcome bonus
AutoChartist
Multiple language
Copy trading
MAM accounts

Platforms & Devices

Desktop
Mobile
Web
MT4
MT5

1000 reviews on
4
  • Free deposit and withdrawal
  • Low forex fees
  • Standard accounts and raw spread accounts
$200
0 Pips PIPs
500:1
ASIC, CySEC, FSA, SCB
9.1 Great
image
Special Features

Free withdrawal
Low forex fees
Algo trading
API trading
Numerous assets

Platforms & Devices

Desktop
Mobile
Web
MT4
MT5
cTrader

900 reviews on
5
  • Easy and fast account opening
  • Minimal time delay in execution
  • Instant Deposit and Withdrawal
$5
0 Pips PIPs
1000:1
ASIC, CySEC, FSC
9.0 Good
image
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
6
  • Webinars, educational materials, daily analytics
  • Continuously developing broker
  • Convenient trading tools
$1
0 Pips PIPs
3000:1
CySEC
8.2 Okay
image
Special Features

Multiple payments
Cent account
VPS server
No deposit bonuses
Cashback

Platforms & Devices

Desktop
Mobile
Web
FBS Trader
MT4
MT5

7
  • Compliant with the MiFID directive
  • Multiple trading accounts
  • Insurance for clients’ funds
$5
0 Pips PIPs
1000:1
FCA, DFSA, FSCA, FSA, CMA
8.5 Good
image
Special Features

3500+ assets
Multiple trading accounts
Transparency
PAMM accounts
Telephone trading

Platforms & Devices

Desktop
Mobile
Web
MT4
MT5

800 reviews on
8
  • Zero commission
  • Best pricing & execution
  • Advanced trading tools
$0
0 Pips PIPs
500:1
ASIC, FCA
7.9 Okay
image
Special Features

AxiPrime
Copy trading
Multiple VPS
Deep liquidity
PsyQuation AI

Platforms & Devices

Desktop
Mobile
Web
MT4
MT5

750 reviews on

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

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

Established in 2010, FXChoice is regulated by the International Financial Services Commission of Belize (FSC). The broker is popular in Western countries due to its customer-centric business integrity. You can get multiple account currencies from fiat to crypto.

  • Different passive income options
  • Discount on commissions for active traders
  • Positive price correction
  • Tight market spreads
  • Low leverage
  • Less research tools

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

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

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

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

Founded in 2007 and Regulated by ASIC (Australian Securities and Investments Commission), FCA (UK Financial Conduct Authority), and DFSA (Dubai Financial Services Authority), Axi is one of the top reliable forex brokers in the world.

  • Automatic insurance coverage
  • Low entry threshold
  • Fully digital account opening
  • Low forex fees
  • Limited research tools
  • Only forex and CFD trading
Best ECN Forex Brokers
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.

Top Forex Brokers Review
Top Forex Brokers Review
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