Abstract:There are many ECN forex brokers in today’s forex market. In today’s article, WikiFX recommends 5 solid ECN brokers for you to choose from. And you should not miss it.
What ECN Forex Broker is
Electronic Communications Network (ECN) forex brokers only offer routing services for investors‘ trading. The forex broker can route the orders through to the central interbank market without dealer intervention. The bank that fills the order does not know the investors’ identities and where the stop order is placed.
IC Markets
IC Markets is a leading forex broker around the globe, offering various solutions for active traders, day traders, scalpers, and more. IC Markets offers three different types of accounts, which are Raw Spread Accounts (cTrader), Raw Spread Accounts, and Standard Accounts. The minimum deposit for the three types of accounts is €200,
FP Markets
FP Markets was established in Australia in 2005. FP Markets is a group of companies that include First Prudential Markets Pty Ltd, an ASIC-regulated provider of Derivatives and Forex trading services
AvaTrade
AvaTrade was established in 2006 in Dublin, the capital of Ireland, and co-founded by professionals in the financial field and experts in the e-commerce field.
Pepperstone
Pepperstone is a broker providing Forex and CFD trading services, founded in 2010 by a management team with extensive experience in the Forex and IT industries.
TMGM
TMGM, or Trademax Global Markets, is an Australian-based global forex broker founded in 2013. TMGM has several branches and is regulated by ASIC in Australia and VFSC in Vanuatu.
(Note: Because different regions or countries have different levels of regulatory strictness, the score of the same broker might be slightly varied in other regions or countries. For details, please consult WikiFX customer service.)
The revenue of FXCM UK for 2021 was $13.6 million, a 12% decrease from $15.4 million in 2020. The company's net profit for the year decreased from $4.9 million in 2020 to only $227,982 in 2021, just over breakeven.
According to Rakuten Group, the establishment of Rakuten Securities Holdings, Inc. and the reorganization of the securities firm were completed as planned.
DtpFx Ltd is a forex scam warned by FCA recently. However, it hasn't stopped its steps to scamming after being warned.
Although digital currencies have been around for over a decade, the concept is still foreign to many.