MT4 ECN Forex brokers

Besides MT4 ECN, some Forex brokers may also offer regular non-ECN accounts.

To avoid mistakes, spend an extra minute to compare account types and conditions on brokers websites.

Your MT4 ECN account should have such conditions as: “ECN, Market execution, variable spreads, commission rate” and should never have such keywords as “Instant execution, fixed spreads, no commission”


The list of brokers who offer MT4 ECN accounts

MT4 ECN BrokerMinimum deposit
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1BillionForex$20,000
3TG Brokers$1000
Admiral Markets$1600
ADS Securities London$5000
Alpari$300
ALVAST TRADE$500
Apex Financial Services$10,000
AssetsFX$200
ATC Brokers$5000
Atom8$5000
Baxter-FX$50,000
BCapitalsFX$3000
BelforFx$2000
BlackBull Markets$1000
BTFX$2500
Bulbrokers$100
Bulls and Bears Forex$1000
Bulls Capital Markets$1000
CAPPROFX$500
CFH Clearing$50,000
CommexFX$10,000
Core Liquidity Markets$10,000
Divisa Capital (DCFX)$5000
Dukascopy Bank SA$100
EightCap$100
ELEX - Electronic Markets$1000
Esther FX$100
EXNESS$300
FastQuote Securities$2000
FIBO Group$300 (MT4 & MT5 ECN)
Fidelis$500
FinFX$1000
Forex Broker Inc$100
Forex-Metal$1000
Forex.ee$200
FormulaFX$100
FP Markets$200
FreshForex$1
FW Markets$10,000
Fort Financial Services$500
FX Choice$100
FX-EDGE$200
FXCC$100
FXFair$1000
FxNet$5000
FX Next$500
FXOpen$1000
FXOpen UK$300
FXPRIMUS$1000
FXTG$7500
Gallant Capital Markets (GCMFX)$50,000
GCI Financial$500
GCM Forex$100,000
GDMFX$500
Global Prime Forex$500
GO Markets$3000
Grand Capital$1000
HiWayFX$1000
HotForex$500
IC Markets$200
IC Markets Forex Rebates$200
ICM Capital$200
IKON Group$10,000
InterTrader Direct$500
InvesttechFX$1000
Investorseurope$250
IronFX$500
IV Brokers$1000
JustForex$2
Key To Markets$100
London FX$5000
LAND-FX$2000
MFX Broker$1 (MT4 & MT5 ECN)
MB Trading$400
MTrading$1
MXT Global$500
Nexsus Financial Markets$2000
NimrodFX$2000
NordFX$1000
NSFX$3000
Orbex$500
Pacific Financial Derivatives (PFD-NZ)$1000
Pepperstone$200
Price Markets$500
Real ECN$100
Real-Forex$10,000
Renesource Capital$1000
RoboForex$300
Royal Forex Trading$10,000
Rubix FX$500
Ruizean Trader$1000
SaudiQuote$50,000
Seven Star FX$10,000
SmartTradeFX$100
Solforex$200
Sterling Gent Trading$200
Sunbird$5000
Super Hot Forex$5000
Swiss International$7,500
TFX Markets$500
ThinkForex$10,000
Tickmill$25
TopFX$50,000
Trader's Way$50
TradersChoiceFX$25,000
TradingForex.com$1000
Vantage FX$500
VitalMarkets$10,000
VPE Bank$5000
YouTradeFX$500

Brokers with stand alone MT4 and ECN platforms:

FXDD – separate MT4, separate ECN (Power Trader – Currenex) platform.
Ikon GM – separate MT4, separate ECN (Ikon Viking – Currenex) platform.
MBCFX – separate MT4, separate ECN (Currenex) platform.

MT4 ECN – how it works?

mt4ecn
MT4 platform was never meant to be used for ECN trading. It was created as a dealing desk software.
To make MetaTrader4 support ECN (level 2) trading, Forex brokers needed to implement a bride to a true ECN platform.

With MT4-to-ECN bridge a true level 2 trading becomes possible.

Currenex is an example of an advanced trading platform build for true ECN trading. With MT4/Currenex integration a broker is able to offer an interface of a familiar MT4 platform with extra features available only through Currenex, such as access to the interbank rates, advanced liquidity, fast order execution speed, access to the market depth data, one-click trading, OCO orders and much more.

MT4 ECN trading advantages

– you’ll trade in a true non-deal desk environment while still using MT4 platform;
– you get most competitive spreads & 5 digit precision pricing;
– you can see and click on the best bid and ask offers from multiple liquidity providers;
– when there is a requested price in the system, you’ll always get filled without re-quotes;
– you can scalp or trade news without restrictions;
– you can trade with your MT4 Expert Advisor;
– pending orders can be placed inside the spread;
– your pending orders, stops & profit targets are not visible to brokers, banks or any other market players until filled.

MT4 STP vs MT4 Instant

The document from Boston Technologies about MT4 ECN/STP integration can be downloaded and read here: MT4STP_vs_MT4Instant.pdf

MT4 ECN with one click trading

All MT4/MT4-ECN platforms are now capable of supporting one-click trading. The option became possible with a new MT4 build 482 released by MetaQuotes.

Your broker will either have it preset, or you’ll be able to run an EA.
Download one click trading EA: OneClickExpert.exe
To show one click trading panel on MT4 use Alt+T, or click the icon in the upper left corner, or select it from the context menu.

MT5 ECN Forex brokers

There are a few brokers, who already open live MT5 ECN accounts: MT5 ECN brokers list

InstaForex

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