ECN brokers, that create an immediate channel of communication with your as well as the service providers for trading instruments (liquidity suppliers). What sets an ECN forex Broker apart from traditional brokers is the fact that they use an ECN “system”.
1. Forex.com
Forex.com is a specialized currency broker that offers different asset classes. This includes CFDs as commodities, stocks as well as indexes.
That means you’ll have a good understanding of competitive spreads, fees and commissions. With over 90 pairs of forex available and a wide range of spreads, you’ll be able to access a wide assortment of majors, minors and exotics. In addition, the platform permits the user to begin with a deposit of only $50.
- Top-quality ECN trading system.
- $50 minimum deposit
- More than 90 pairs of forex are were supported
- Other ECN platforms available are competitive with costs
2. FXTM
FXTM is an online brokerage controlled by FCA as well as CySEC. It is able to trade all kinds of commodities, forex as well as spot metals and stocks via CFDs. Its ECN accounts require a minimum investment of $500. In addition, you get commission-free trading and very tight spreads. Additionally, you have options of employing the popular third-party platforms like MT4 or the MT5.
- Zero commissions.
- Tight spreads
- Financial instruments that are backed by
- $500 minimum deposit
3. Pepperstone Markets
Pepperstone Markets is a hugely well-known online trading platform that provides both STP as well as ECN accounts. The platform offers access to the full range of different trading options.
This is great for those who require sophisticated drawing and chart reading tools, and the capability to use automated robots. It can be used with a variety of payment methods including credit or debit cards, Paypal or bank transfer. Negative balance protection can be provided as well as the ability to engage in scalping and hedging without any worries.
- The spreads and low fees are very affordable.
- Multiple payment methods supported
- Select from four trading platforms
- Real-time news is basic
4.ThinkMarkets
Think Markets is an online broker that has various licenses from the regulatory authorities. This includes the FCA. Alongside other types of accounts, Think Markets also offers ECN accounts. The particular brokerage is very popular for traders who want access to leverage limits that are high. It is 1:500 for professional clients.
- Zero commissions.
- Tight spreads
- The financial instruments are supported
- $500 minimum deposit
RoboForex
- RoboForex It is an online platform for trading which offers ECN accounts. You can start trading within a matter of minutes and deposits as low as only $10. Most importantly, you won’t be used to any spreads while trading through the ECN account. This platform provides large amounts of liquidity as well as rapid execution speeds.
0 spreads. - Deposits as low as $10 for minimum deposits.
- Speedy execution speeds
- Unknown in the market for brokerages
What is an International Broker?
They are companies or firms that permit the trading of assets across borders. They do this by hooking together with local financial authorities and then establishing a platform which brings all the parties together. In essence, it is about facilitating transactions. their main function.
● Interactive Brokers
While located within their home in the United States, Interactive Brokers have a vast network that spans various countries across the globe. Over the course of nearly five decades, the company has earned an excellent reputation as reliable by collaborating with various financial institutions. In addition to the above mentioned companies they boast the most comprehensive portfolio investors can benefit from.
Pros
- Great for users thinking of trading assets around the world
- Wide product selections
- Affordable costs
- Excellent track record
Cons
- Limited deposit options as well as withdrawal
- Platforms are still able to be improved
Summary
When confronted with a situation like this, make sure you take a look at your goal. This will assist you through the issues that each platform has to offer. Also, when you decide which investments to make or which markets to join and create your overall strategy. The best international brokers is one which is perfectly aligned with your goals and can help you reach all of your goals at a faster speed. Remember to be impartial, stay true to the facts and think about your current situation.