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.

 
Broker Type Minimum Deposit Minimum Deposit(ECN) Max leverage Minimal Lot Lowest spreads EURUSD
NordFX(Visit) ECN & STP $5 $1,000 500 0.01 2 – Mini
>1 – 1.6 – Standard
>0 – ECN
HotForex(Visit) ECN & STP+DMA $5 $500 500 0.01 >
0.8 – Micro & Standard
0.6 – Currenex
RoboForex(Visit) ECN & STP+DMA & MM $10 $300 500 0.01 2 – Mini
0.4 – 0.9 – Standard
0.1 – 0.7 – ECN
EXNESS(Visit) ECN & MM $1 $1,000 2000 0.01 0.7 – Mini-
0.4 – Standard
Dukascopy (Suisse) SA(Visit) ECN $100 (EU subsidiary), $5000 (Swiss) $100 100 0.01 >
0.5 – 1 – Mini-
0.5 – 1 – Standard
Gallant Capital Markets (GCMFX)(Visit) ECN & STP+DMA $100 $50 000 400 0.01 >
1.5 – Mini
1 – Standard
0.2 – ECN
Pepperstone(Visit) ECN & STP+DMA $200 $200 400 0.01 >0.5 – Mini & Standard
>0.1 – ECN
FXCC(Visit) STP & ECN $100 $50 000 500 0.01 >0.1
FXCM(Visit) ECN & STP $25 $25 000 400 0.01 >
1.5 – Mini
1 – Standard
FXOpen(Visit) ECN & MM $1 $1,000 500 0.01 2
MB Trading(Visit) ECN $400 $400 50 0.01 >0.1 – 0.8
IKON Global Markets(Visit) ECN & MM $1,000 $1,500 50 0.01 >0.8 – 2
IC Markets(Visit) ECN & STP $1,000 $10 000 400 0.01 >0-1
FXPRIMUS(Visit) ECN & STP $250 $1,000 500 0.01 >1
FX Choice(Visit) ECN & MM $10 $1,000 200 0.01 >
1.5 – Mini
0.5-1.5 – Standard
0.1 – ECN
AFX Capital(Visit) ECN & STP+DMA & MM $200 $10 000 500 0.01 >
2 – Mini
1.6 – Standard (Classic)
0.7 – FAST
Renesource Capital(Visit) ECN & STP+DMA $500 $1,000 100 0.1 >
1.2 – Mini
0 – Standard/ECN
Real-Forex(Visit) ECN & STP+DMA $2,000 $10 000 200 0.1 >
1.6 – 1.8 – Mini
1.2 – 1.4 – ECN
Sunbird(Visit) ECN & STP+DMA $100 $10 000 100 0.01 >
0.7 – 1.7 – Mini & Standard
0 – 0.7 – ECN
Trader's Way(Visit) ECN & STP & MM $0.20 $100 500 0.001 >
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.