What is an ECN broker: An ECN (Electronic Communication Network) Forex broker enables clients to execute trading orders directly through an electronic network. This results in faster order execution and tighter spreads for Forex traders.
The table below compares some of the best online Forex brokers suitable for both professional and retail investors. The most important factors are the safety of your funds and minimizing trading costs. ECN brokers typically offer the lowest spreads in the market along with the fastest order execution.
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COMPANY
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SAFETY OF FUNDS
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TRADING TERMS
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PLATFORMS
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ACCOUNTS
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INFORMATION
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CFD TRADING ASSETS: (1) Currency Trading
(2) Other CFD Contracts
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REGULATED BY:
SEGREGATED CLIENT BANK ACCOUNTS: YES SWAP-FREE ACCOUNTS: YES EXECUTION TYPE: ECN/STP FOUNDATION: 2002 HEADQUARTERS: Malta and Mauritius |
TYPICAL SPREADS: EURUSD: 0.3 pip GBPUSD: 0.7 pip USDJPY: 0.5 pip COMMISSIONS ON TRADING: $7.0/lot ROBOTIC TRADING: FULL
KEY POINTS:
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ONLINE PLATFORMS □ MetaTrader-4 □ MetaTrader-5 □ Web Trader |
$100 Minimum Deposit Amount
PROMOTIONS
FUND METHODS:
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ECN Trading with tight spreads.
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CFD TRADING ASSETS: (1) Currency Trading
(2) Other CFD Contracts
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REGULATED BY:
SEGREGATED CLIENT BANK ACCOUNTS: YES SWAP-FREE ACCOUNTS: YES EXECUTION TYPE: CFD Trading FOUNDATION: 2007 HEADQUARTERS: Seychelles |
TYPICAL SPREADS: EURUSD: 0.0 pip GBPUSD: 0.0 pip COMMISSIONS ON TRADING: $7.0/lot ROBOTIC TRADING: FULL
KEY POINTS:
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ONLINE PLATFORMS □ MetaTrader-4 □ MetaTrader-5 □ cTrader □ FIX API □ Mobile Traders |
$200 Minimum Deposit Amount
WELCOME BONUS: (N/A)
FUND METHODS:
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(*) Not allowing European Traders Tight spreads and good technology
► Visit the IC Markets website Not for European Traders. |
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TRADING ASSETS: (1) Currency Trading -36 Forex pairs (2) CFD Contracts -Equity Markets -Commodities -Precious Metals & Energy |
REGULATED BY:
SEGREGATED CLIENT BANK ACCOUNTS: YES SWAP-FREE ACCOUNTS: YES EXECUTION TYPE: ECN /STP FOUNDATION: 2009 HEADQUARTERS: Belize |
TYPICAL SPREADS: EURUSD: 1.3 pip GBPUSD: 1.4 pip USDJPY: 1.4 pip COMMISSIONS ON TRADING: NO ROBOTIC TRADING: FULL PAMM ACCOUNTS: COPYFX (social trading)
KEY POINTS:
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ONLINE PLATFORMS □ MetaTrader-4 □ MetaTrader-5 □ R StocksTrader □ FIX API □ Mobile Traders |
$10 Minimum Deposit Amount
WELCOME BONUS: $30
FUND METHODS:
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Fast order execution and a free VPS for auto-trading.
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» TITAN FX
TRADING ASSETS: (1) Currency Trading (2) CFD Contracts -Equity Markets -Commodities -Precious Metals & Energy -Cryptocurrencies |
REGULATED BY:
SEGREGATED CLIENT BANK ACCOUNTS: YES SWAP-FREE ACCOUNTS: NO EXECUTION TYPE: ECN /STP FOUNDATION: 2014 HEADQUARTERS: Vanuatu |
TYPICAL SPREADS: EURUSD: 0.2 pip GBPUSD: 0.57 pip USDJPY: 0.33 pip COMMISSIONS ON TRADING: $7.0/lot ROBOTIC TRADING: YES PAMM ACCOUNTS: NO
KEY POINTS:
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ONLINE PLATFORMS □ MetaTrader-4 □ MetaTrader-5 □ Web Trader |
$200 Minimum Deposit Amount PROMOTIONS
FUND METHODS:
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Tight ECN spreads, Scalping, Auto-Trading, and a Free VPS. Specialized in Asian Traders.
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TRADING ASSETS: (1) Currency Trading -50+ Currency Pairs (2) CFD Contracts -Commodities -Equity Markets |
REGULATED BY:
SEGREGATED CLIENT BANK ACCOUNTS: YES SWAP-FREE ACCOUNTS: YES EXECUTION TYPE: ECN / STP FOUNDATION: 2008 HEADQUARTERS: Russia |
SPREAD EUR/USD: 1.0 pip COMMISSIONS ON TRADING: NO SCALPING: YES ROBOTIC TRADING: YES
KEY POINTS:
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ONLINE PLATFORMS □ MetaTrader-4 □ MetaTrader-5 □ FBS Copy-Trader □ Mobile Traders |
$50 Minimum Deposit Amount WELCOME BONUS: 60%
FUND METHODS:
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TRADING ASSETS: (1) Currency Trading (2) CFD Contracts
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REGULATED BY:
SEGREGATED CLIENT BANK ACCOUNTS: YES SWAP-FREE ACCOUNTS: YES EXECUTION TYPE: ECN /STP FOUNDATION: 2007 HEADQUARTERS: Australia and the United Kingdom |
TYPICAL SPREADS: EURUSD: 0.1 pip GBPUSD: 0.4 pip USDJPY: 0.2 pip COMMISSIONS ON TRADING: $7.0/lot ROBOTIC TRADING: YES PAMM ACCOUNTS: YES
KEY POINTS:
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ONLINE PLATFORMS □ MetaTrader-4 □ MetaTrader-4 Web □ FIX API □ Mobile Traders □ Autochartist □ PAMM Accounts |
$20 Minimum Deposit Amount
WELCOME BONUS: (N/A)
FUND METHODS:
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□ Find More: » Brokers Directory | » Forex Brokers & VIP Accounts | » ECN Forex FAQ | » Forex Managed Accounts
■ Forex Brokers for Forex Investing
Forex-Investors.com
PAMM: Forex Managed Accounts for Currency Investors
What is a Forex Managed Account (PAMM)?
PAMM stands for Percentage Allocation Money Management and refers to a technology that connects retail Forex investors with successful professional traders (Money Managers) via a Forex trading platform.
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Investors allocate funds to a Money Manager’s PAMM account.
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The Money Manager executes trades, and profits/losses are split according to each investor’s share.
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The manager earns a performance fee (e.g., 20-30% of profits) and sometimes a management fee (fixed % of capital).
Connecting Forex Investors and Money Managers
In many instances, Forex traders lack the skills, time, and experience necessary to achieve consistent success in the Foreign Exchange market. This is why many retail investors seek the expertise of professional Forex traders. The PAMM account model offers a valuable opportunity for investors to diversify their portfolios across multiple trading strategies and pursue more stable returns.
Professional Forex traders typically begin with their own capital. Once they demonstrate consistent performance, they may be accepted as Money Managers (MMs). When a Forex investor joins a PAMM program, they allocate a portion of their capital (in the desired ratio) to a selected Money Manager. That Money Manager then trades multiple client accounts simultaneously through a unified trading interface.
(√) Benefits of PAMM Accounts
- Passive Income – No trading skills needed
- Diversification – Invest in multiple managers
- Transparency – Track performance in real-time
- Professional Management – Access expert traders
(x) Risks of PAMM Accounts
- Manager Risk – Poor strategy can lose money
- Scams – Fake track records or Ponzi schemes
- High Fees – Some managers take 30-50% of profits
- No Control – Investors can’t intervene in trades
VIP Forex Brokers & Premium Forex Services
VIP accounts were originally created to offer customized solutions for high-net-worth Forex investors. Today, however, many brokers offer VIP accounts with significantly lower minimum deposit requirements. Several Forex companies now provide premium services and VIP features to clients who deposit substantial amounts.
Basic Advantages of Forex VIP Accounts
VIP accounts offer enhanced features and better trading conditions compared to standard retail accounts. Here are the key features that every VIP Forex investor should expect:
(1) Direct Access to Liquidity Providers
■ Importance: Forex traders (intraday and automated trading)
Direct Market Access (DMA) is the most critical feature for VIP Forex traders. This ensures that all orders are routed directly to major liquidity providers without broker interference or price manipulation, typically through ECN or STP execution models. Benefits of trading with a non-dealing desk (NDD) broker include:
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