Best ECN brokers in 2024

Written by
Krisztián G.
Fact checked by
Tamás D.
Updated
1w ago
Pick the best broker for your trading needs from this toplist of regulated and trustworthy brokers. Our team of experts tested each broker with real money and ranked them in terms of their quality and tools. Each broker on the list is available in the United States.

Find below the strengths of the best ECN brokers available in the United States, updated for 2024:

  1. Pepperstone is the best ECN broker in 2024. - Fast and fully digital account opening. Seamless and free deposit and withdrawal. Great educational materials.
  2. Fusion Markets - Low trading and non-trading fees. Fast and easy account opening. Great customer service.
  3. Tickmill - Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
  4. IC Markets - Low forex fees. Easy and fast account opening. Free deposit and withdrawal. Offers standard and raw spread accounts.
  5. GO Markets - Low forex fees. Fast account opening. Great educational tools.
  6. FP Markets - Low forex fees. Easy and fast account opening and funding. Great education tools.
  7. TMGM - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  8. FXTRADING.com - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  9. Global Prime - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  10. Vantage - Low non-trading fees. Super fast account opening. Seamless deposit and withdrawal.
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Overview of winners

Take a look at the interactive table below to compare the key services each broker in our toplist offers. We personally checked and tested all the features and services we consider most crucial for users.

Broker
FX commission per lot
Minimum deposit
Pepperstone
$3.50 commission per lot per trade
$0
Fusion Markets
$2.25 commission per lot per trade
$0
Tickmill
$2.00 commission per lot per trade
$100
IC Markets
$3.50 commission per lot per trade
$200
GO Markets
€2.00 commission per lot per trade
$0
FP Markets
$3.00 commission per lot per trade
$50
TMGM
$3.50 commission per lot per trade
$100
FXTRADING.com
$2.00 commission per lot per trade
$50
Global Prime
$3.50 commission per lot per trade
$0
Vantage
$3.00 commission per lot per trade
$50
Best ECN brokers key data compiled for June 2024

Key fees at the top brokers

The fees you pay for a trade play a critical role in selecting a broker. While trading fees are super important in our rankings, they aren't the only ones. Although we prioritize low-cost or even zero-fee brokers, our experience tells us that the cheapest option isn't always the best choice. We collected the most important fees for you in the following interactive table.

Broker
EURUSD spread
AUDUSD spread
Pepperstone
0.1
0.2
Fusion Markets
0.0
0.0
Tickmill
0.2
0.2
IC Markets
0.0
0.0
GO Markets
0.2
0.2
FP Markets
0.1
0.2
TMGM
0.1
0.2
FXTRADING.com
0.1
0.2
Global Prime
0.1
0.1
Vantage
0.1
0.4
Spreads at the top ECN brokers in June 2024
We collect spreads regularly, please check the tooltip for the date of the data collection.

Non-trading fees at the top brokers

Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.

Broker
Account fee
Inactivity fee
Pepperstone
Fusion Markets
Tickmill
IC Markets
GO Markets
FP Markets
TMGM
FXTRADING.com
Global Prime
Vantage
Non-trading fees at the best ECN brokers in June 2024

Product selection at the top ECN brokers

Check out the currency pair selection at our top ECN brokers.

Broker
Currency pairs (#)
Stock index CFDs (#)
Pepperstone
97
23
Fusion Markets
90
15
Tickmill
62
32
IC Markets
61
25
GO Markets
50
12
FP Markets
70
19
TMGM
60
15
FXTRADING.com
43
17
Global Prime
56
18
Vantage
61
28
Product selection at the best ECN brokers in June 2024

And now, let's see the top ECN brokers one by one, starting with the winner, Pepperstone.

Recommended for forex traders looking for great account opening and customer service

Visit broker
75.2% of retail CFD accounts lose money

Pepperstone snapshot
Minimum deposit $0
Mobile app score 3.3 stars
Deposit methods Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID
Withdrawal methods Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID
Read review For a detailed analysis of Pepperstone services, check out our review for 2024.

Recommended for forex traders looking for low fees and a chance to use the MetaTrader 4 platform

Visit broker
74-89% of retail CFD accounts lose money

Fusion Markets snapshot
Minimum deposit $0
Mobile app score 3.3 stars
Deposit methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku
Withdrawal methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku
Read review For a detailed analysis of Fusion Markets services, check out our review for 2024.

Recommended for forex traders looking for low fees who are familiar with the MetaTrader 4 platform

Visit broker
70% of retail CFD accounts lose money

Tickmill snapshot
Minimum deposit $100
Mobile app score 3.3 stars
Deposit methods Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal
Withdrawal methods Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal
Read review For a detailed analysis of Tickmill services, check out our review for 2024.

Recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options

Visit broker
70.64% of retail CFD accounts lose money

IC Markets snapshot
Minimum deposit $200
Mobile app score 3.3 stars
Deposit methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna
Withdrawal methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna
Read review For a detailed analysis of IC Markets services, check out our review for 2024.

Recommended for forex traders who like the MetaTrader platform

Visit broker
62% of retail CFD accounts lose money

GO Markets snapshot
Minimum deposit $0
Mobile app score 3.3 stars
Deposit methods Bank transfer, Credit/debit cards, Skrill, Neteller, DotPay, Bpay, PayID, dotpay, checkout, Worldpay
Withdrawal methods Bank transfer, Skrill, Neteller, DotPay, Bpay, PayID, dotpay, checkout, Worldpay
Read review For a detailed analysis of GO Markets services, check out our review for 2024.

Recommended for forex and CFD traders familiar with the MetaTrader and IRESS trading platforms

Visit broker
72.5% of retail CFD accounts lose money

FP Markets snapshot
Minimum deposit $50
Mobile app score 3.8 stars
Deposit methods Bank transfer, Credit/debit cards, Neteller, Skrill, China Union Pay, BPay, PoliPay, Fasapay, Ngang Luong, PayTrust, PayPal, Interac, Dragonpay
Withdrawal methods Bank transfer, Credit/debit cards, Neteller, Skrill, China Union Pay, BPay, PoliPay, Fasapay, Ngang Luong, PayTrust, PayPal, Interac, Dragonpay
Read review For a detailed analysis of FP Markets services, check out our review for 2024.

Recommended for forex traders who prefer the MetaTrader platform

Visit broker
80.26% of retail CFD accounts lose money

TMGM snapshot
Minimum deposit $100
Mobile app score 3.3 stars
Deposit methods Bank transfer, Credit/debit cards, Paytrust, Neteller, Sticpay, Skrill, Fasapay, UnionPay, RMB Instantm Broker to Broker
Withdrawal methods Bank transfer, Credit/debit cards, Paytrust, Neteller, Sticpay, Skrill, Fasapay, UnionPay, RMB Instantm Broker to Broker
Read review For a detailed analysis of TMGM services, check out our review for 2024.

Recommended for forex traders who prefer the MetaTrader platform

Visit broker
74-89% of retail CFD accounts lose money

FXTRADING.com snapshot
Minimum deposit $50
Mobile app score 3.8 stars
Deposit methods Bank transfer, Credit/debit cards, PayPal, Neteller, UnionPay, USDT
Withdrawal methods Bank transfer, PayPal, Neteller, UnionPay, USDT
Read review For a detailed analysis of FXTRADING.com services, check out our review for 2024.

Recommended for forex and CFD traders who are familiar with the MetaTrader trading platforms

Visit broker
74-89% of retail CFD accounts lose money

Global Prime snapshot
Minimum deposit $0
Mobile app score 3.3 stars
Deposit methods Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, GATE8, DragonPay, VNPay, PromptPay, Bpay, POLi, AstroPay, Interac, PayID, Perfect Money, XPay, Rapyd, BinancePay, Jeton, Mifinity, FasaPay, Pagsmile
Withdrawal methods Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, GATE8, DragonPay, VNPay, PromptPay, Bpay, POLi, AstroPay, Interac, PayID, Perfect Money, XPay, Rapyd, BinancePay, Jeton, Mifinity, FasaPay, Pagsmile
Read review For a detailed analysis of Global Prime services, check out our review for 2024.

Recommended for forex and CFD traders familiar with the MetaTrader trading platforms

Visit broker
74-89% of retail CFD accounts lose money

Vantage snapshot
Minimum deposit $50
Mobile app score 3.8 stars
Deposit methods Bank transfer, Credit/debit cards, Skrill, UnionPay, Neteller, Boletol, ApplePay, GooglePay, Advcash, Perfect Money, Sticpay, bitwallet
Withdrawal methods Bank transfer, Credit/debit cards, Skrill, UnionPay, Neteller, Boletol, ApplePay, GooglePay, Advcash, Perfect Money, Sticpay, bitwallet
Read review For a detailed analysis of Vantage services, check out our review for 2024.

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How did BrokerChooser pick the best ECN brokers?

  • We checked whether the broker is overseen by a trusted regulator,
  • Compared fees, especially for forex trading (including spreads, withdrawal fee, commission),
  • Opened an account and tested the platform (charting, features, usability) with real money.

Save hours of research!

Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.

BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 600 criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 60,000 data points overall.

FAQ

What is an ECN account?

ECN stands for electonic communication system. In forex trading, ECN essentially means that the computers of participants in the forex market are connected. As a forex trader, if you use an ECN account, you will have access to much more liquidity and the spreads will be usually tighter. In exchange, you will have to pay some kind of commission on your trades.

How to choose the best ECN brokers?

Choosing an ECN broker is very much similar to choosing any type of broker you want to work with. Some of the key aspects you should take into account are the regulation of the broker (make sure it's regulated by a top-tier authority), how your funds are secured, whether the broker provides investor protection and/or negative balance protection and of course, the level of fees it charges.

What is an ECN broker?

ECN stands for Electronic Communication Network. An ECN broker is electronically connected to the network of banks, hedge funds and investment corporations which are interconnected in a form of hub.

When you trade forex using ECN, you buy and sell directly from the connected network of banks and financial institutions, and they provide you with liquidity. Many forex traders prefer ECN routing over another popular forex routing model, called market maker.

Deepen your understanding of ECN brokers by reading our in-depth article on the subject.

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Engage with our growing community of traders and investors like you to find your answers.
Join now

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

author image
Krisztián Gátonyi
Author of this article
I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.
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