List of Top 5 True ECN Forex Brokers in 2020



Address:P.O. Box 590,
Springates East, Government Road,
Charlestown, Saint Kitts and Nevis

Phone: +64-9-801-0123

FXOpen broker provides traders an access to Forex and cryptocurrency markets.
You can open an account from 1 USD and start trading.

FXOpen was founded by a group of traders as an educational center in 2005 before establishing itself as a Forex brokerage. With years of experience, the company has gained an excellent reputation as one of the leading and fastest-growing Forex brokers.

Our mission is to offer traders professional services in Forex and cryptocurrency trading, managing and investing in PAMM accounts, analytics, all backup with excellent customer support. FXOpen provides a true ECN trading environment to its clients via the MT4 and MT5 terminals, offering the tightest spreads and low commissions.
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some helphul common terms for forex traders

Common terms:

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Choosing the right broker

I am ready to dive in the world of trading and after my basic education I am starting to pappertrade. I figured out that I sould choose from now the boroker I am gonna use in the future to get used to the platform. The problem is that there are WAY to many brokers out there and its hard to choose. I need your help reddit!

What I need:
- I am mainly gonna daytrade forex, maybe some stocks and futures at the future.
- Low commisions, fees & spreads! I'm thikning of taking trades on small timeframes (5-20 mins , or a few hours). I am looking for a true ECN with comission model. I dont want conflict of interests with my broker
- A good platform. I don't like MT4. I liked cTrader.
- No requotes - No slippage - Fast executions!
- Leverage. I need at least 1:200 , so I probably need a broker in Australia (?)
- No problems with withdrawals.
- Regulation and good reputation! I don't want to loose my money!
- Low minimum deposit! I'm thinking about starting with 1000 euros, maybe 2000 max.

Brokers I have found surfing the net:
- Interactive Brokers
- Saxo bank
- IG
- Dukascopy
and the cTrader brokers:
- IC markets
- Pepperstone
- FxPro
- Roboforex

What do you guys think? Have you got any experience with those guys? What would you suggest? All comments and extra info are welcome!
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How to Copy Trades.

You will be able to copy trades from any of the strategies posted here by logging into using the details provided, and then linking up a free copy trader to send trades over to an account of your choosing.
All the accounts I post for copying will be demo accounts. I will also be running the strategies on live accounts, I am providing demo accounts for copying so as to protect privacy (if I give you a login for a live account, it has my full name; I do not know any of you). If you think trades on a demo account are not to be taken seriously, no problem. You are under no obligation at all to copy them, or even take them seriously.

Copy Trading Software
You can use a free copy trader from FX Blue for MT4.
Please be sure to consult the manual if you need any help.

Please before you begin copying, please make sure you have read and understood everything in this post.

The strategies will all be traded on IC Markets under true ECN conditions. The strategies will work best when using similar high quality trading conditions. The results may be dramatically different on less quality brokers.

Let it be fully understood, I am not a financial advisor and nothing I say should be construed as financial advice. By me making this option for you to watch/copy my trades, I am not tell you to do it, nor am I liable for any losses that copying any of the strategies posted here may result in. You are responsible for assessing your own risks. Trading on leverage can be extremely risky and not suitable for all investors.

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Copy Trading Updates: Results and Immediate Plans.

Okay, now I've managed to get a good grip on the last thing that was a slight challenge, which is getting good entries on brokers with not quite as good trading conditions as IC Markets. This was a little bit tricky since it requires some adjusting of limit orders etc. Last weeks trades were good (in that they were profitable), but not overly sharp on entries. They were good enough, but could be better.

I think I've got that worked out now. This week we've done 15% with under 1% equity draw-down (so rather flawless in entry/exit)

Results from last week to now are as follows.

Edit This is they results from the day after (which are more accurate if assessing results absent initial week DD)

And even accounting for the first weeks problems, they account is still net profitable by a bit over 10% now.

See live updating Myfxbook

The copier client has added $200 and is now trading 0.03 per position with a maximum of two positions at a time.

Copying for the moment is temporally on pause on this account. I have some kinda problem with the account I as trading on. It has not resulted in any issues, other than the copier account perhaps missing some good trades (or losses, too early to tell). I a waiting on the copier getting back to me to attach a new account to get going again.

This sort of issue is nominal. Even with me fully losing connection to the master account, the way orders are set there would be only a standard level of loss in a worst case scenario (in this case, the account just hit take profits and missed new orders for reversal). Also, I have been using another broker with spreads and trading conditions worse than IC Markets. They also are not as responsive to support requests. I will be using IC Markets for master accounts, and they have 24 hour live chat. I'd have had this fixed in less time than this post has taken with the broker I will use. Everything is always better with IC Markets. They have a slogan " IC Markets has grown to become the largest MT4 and True ECN broker in the world by giving traders what they really want"; and they are right.

So everything is going well (finally, phew. First couple weeks were a headache). We will roll out the multi purpose swing trading signals/copier strategy today.

Look for updates in the ForexCopy
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US Trader Woes, Looking For Advice

Hello! I'm an experienced stock & options trader but am relatively new to Forex. The reason I sought out forex to add to my current trading patterns was the ease of automation. My two passions are trading and computer science, so I became very interested in MetaTrader when I discovered it several months ago. I made an account with and have been messing around with MT4 and EAs which I've come to enjoy. I've already made tons of trades using EAs and am constantly learning new things. My EAs got my meager $50 initial deposit to $85 in a couple of days so, obviously, I was inclined to add more. Big mistake. It was too perfect, something was wrong. Enter: Market Maker brokers! It seems I've been duped, which was my fault for being foolish and not digging deeper before giving them money. I'm fairly confident that I've been betting against them and now it's cost me a couple hundred buckaroonies. Oh well.
Anyway- now I'm looking at other brokers such as ATC Brokers who claim they're STP, but that still leaves the potential for Market Making. Also looking at FastBrokers, and plenty of others. My question is: should I continue on this route and cross my fingers, or should I abandon spot forex as a US resident? I see sooooo many good reputable true ECN brokers in Australia, etc but sadly they aren't options for me.
I hear good things about futures currency trading, but I have yet to explore that.
Is there any method for automating forex futures trading? Is that reasonable? Should I still pursue spot forex? Should I try another broker? Should I just go back to stocks & options and accept it? Should I kill myself? I'm kind of at a loss as to how I should proceed, so any opinions are welcome. Thanks :)
TL;DR Any worthwhile spot forex brokers for US residents that don't bet against you and/or can I automate futures trading somehow.
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Serious 'True ECN' Questions

Hey guys and girls.
I have a few questions. I'm a new Forex trader and I've been doing my research on brokers and their different services that they offer. Questions below:
  1. Is True ECN bullshit? I've read once or twice that ultimately it is and that there is no 'such thing' as True ECN.
  2. Do you use True ECN or Standard and why?
  3. Can the MT4 Platform support True ECN? I've read that it cannot and having those two words in the same sentence is a negative.
  4. Thoughts on the broker IC Markets?
  5. What Broker do you all suggest? I've saw that FXTM (ForexTime) is a very option.
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True ECN Forex Brokers 2019 - YouTube Forex Brokers Best ECN Brokers & Truth About Market Makers ... How Hugo's Way Forex Broker - Trade with a true MT4 ECN ... FOREX LIVE TRADING MT4 ECN 180% IN 5 DAYS(EA THAT CAN ALWAYS WIN!!!) Hugo's Way Forex Broker - Trade with a true MT4 ECN Broker ... About Hugo's Way Forex Broker - Trade with a true MT4 ECN ... IC Markets trusted Broker? - Forex ECN Broker Review for ...

- The commissions’ fee is the only source of income from the Forex Brokers that act as an ECN/STP as they tend to offer best bid and best ask towards their clients. This allows clients to believe that the more they trade the more profits the Forex ECN Brokers are making without worrying that they expect from the Brokers to make more on their losses. In addition, the agency role of the Forex ... This secret is hidden inside MT4 trading Platform. In this article we will explain you in detail how to identify a true ECN/STP Forex Broker directly at your MT4 trading platform. You don’t need to ask anyone, you can check it by yourself. This 9 min. read can save 2 years of your Forex trading losses. Many forex traders prefer to work with ECN brokers because it means more liquidity, faster execution, and accurate pricing. According to some experts, true ECN forex brokers are the real future as ... Sie wollen wissen was ein ECN Forex Broker ist und wie er funktioniert? – Dann sind Sie auf dieser Seite genau richtig. Mit mehr als 7 Jahren Erfahrungen im Forex Trading präsentiere ich Ihnen die aktuell besten 5 ECN Broker für Deutsche Trader und teile Ihnen mit wie das System funktioniert. Lesen Sie alles über Handelskonditionen und die Mechanismen hinter dem ECN Forex Broker. Advantages of ECN Forex Brokers. Execution Speed - ECN brokers in most cases provide outstanding execution speed.Sometimes, you can even experience 0 spread. To make a comparison, consider trading with Market Maker broker where the execution may experience delays, causing you to get deep into negative slippage and basically stay in the trade you can't wait to get out from. ECN brokers have a number of advantages; anonymity, immediate trade execution, low variable spreads, and the opportunity to trade in the global liquidity pool with the world's leading financial institutions. Here we've compared 10 of the best true ECN brokers. Not all Forex brokers offer both MT4 ECN at the same time, some are only offer Metatrader 4 platform in non-ECN trading environment, so make sure to check all the features and trading conditions before you sign up. To make things easier for you, we have collected various brokers, so you can compare account types and choose the right brokerage to trade forex with. When you look at MT4 ECN ...

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True ECN Forex Brokers 2019 - YouTube In this tutorial we look at finding the best ECN Forex brokers for beginners or anyone who is looking to set up a t... Here is list of top true ECN brokers for forex and CFDs Trading from FOREX LIVE TRADING MT4 ECN 180% IN 5 DAYS(EA THAT CAN ALWAYS WIN!!!) forexndk Group Free expert advisor for mt4. Loading... Unsubscribe from forexndk Group Free expert advisor for mt4? Cancel ... Is IC Markets Scam or not? - Find out in this Forex Broker Review! Open your free account: More accurate review: http://www.truste... CLICK HERE FOR MORE INFO: And start earning in the Forex Market Now! In our growing multinational business environment, there are ... More Info NowHugo's Way Forex Broker - Trade with a true MT4 ECN Broker Can Be Fun For Anyone , Get FOREX BUSINESS SIGNUPSWhat... More Info NowAbout Hugo's Way Forex Broker - Trade with a true MT4 ECN Broker , Get FOREX BUSINESS SIGNUPSWhat is Conversion P...