MT4 ECN Forex brokers

MT4 ECN Bridge is technology allowing trader to access interbank foreign exchange market through MT4.   To make MetaTrader4 support ECN (level 2) trading, Forex brokers needed to implement a MT4-to-ECN bridge to a true ECN platform.

MetaTrader 4 was designed for dealing desk brokers when created, but the popularity of MT4 meant that retail forex traders wanted  to trade directly on the interbank forex market via MT4. In response some third party software companies developed STP bridging software to allow the MT4 server to pass orders placed by clients directly to an ECN and feed trade confirmations back automatically.

ECN means direct access to the market where you can trade with other traders. Your orders are actually displayed in the market and are seen by others, who in turn can introduce their own orders and if the prices match, a deal is complete.

 
BrokerTypeMinimum DepositMinimum Deposit(ECN)Max leverageMinimal LotLowest spreads EURUSD
NordFX(Visit)ECN & STP$5$1,0005000.012 – Mini
>1 – 1.6 – Standard
>0 – ECN
HotForex(Visit)ECN & STP+DMA$5$5005000.01>
0.8 – Micro & Standard
0.6 – Currenex
RoboForex(Visit)ECN & STP+DMA & MM$10$3005000.012 – Mini
0.4 – 0.9 – Standard
0.1 – 0.7 – ECN
EXNESS(Visit)ECN & MM$1$1,00020000.010.7 – Mini-
0.4 – Standard
Dukascopy (Suisse) SA(Visit)ECN$100 (EU subsidiary), $5000 (Swiss)$1001000.01>
0.5 – 1 – Mini-
0.5 – 1 – Standard
Gallant Capital Markets (GCMFX)(Visit)ECN & STP+DMA$100$50 0004000.01>
1.5 – Mini
1 – Standard
0.2 – ECN
Pepperstone(Visit)ECN & STP+DMA$200$2004000.01>0.5 – Mini & Standard
>0.1 – ECN
FXCC(Visit)STP & ECN$100$50 0005000.01>0.1
FXCM(Visit)ECN & STP$25$25 0004000.01>
1.5 – Mini
1 – Standard
FXOpen(Visit)ECN & MM$1$1,0005000.012
MB Trading(Visit)ECN$400$400500.01>0.1 – 0.8
IKON Global Markets(Visit)ECN & MM$1,000$1,500500.01>0.8 – 2
IC Markets(Visit)ECN & STP$1,000$10 0004000.01>0-1
FXPRIMUS(Visit)ECN & STP$250$1,0005000.01>1
FX Choice(Visit)ECN & MM$10$1,0002000.01>
1.5 – Mini
0.5-1.5 – Standard
0.1 – ECN
AFX Capital(Visit)ECN & STP+DMA & MM$200$10 0005000.01>
2 – Mini
1.6 – Standard (Classic)
0.7 – FAST
Renesource Capital(Visit)ECN & STP+DMA$500$1,0001000.1>
1.2 – Mini
0 – Standard/ECN
Real-Forex(Visit)ECN & STP+DMA$2,000$10 0002000.1>
1.6 – 1.8 – Mini
1.2 – 1.4 – ECN
Sunbird(Visit)ECN & STP+DMA$100$10 0001000.01>
0.7 – 1.7 – Mini & Standard
0 – 0.7 – ECN
Trader's Way(Visit)ECN & STP & MM$0.20$1005000.001>
2 – Mini
0.8 – Standard
0 – ECN

 

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2 thoughts on “MT4 ECN Forex brokers

  1. James says:

    MT4 is the best. If you settle with it, you most likely won’t have to learn a new system (or find equal custom indicators/scripts) when switching brokers later on. Forget about MT5.