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IC Markets
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Verified Jun 15, 2026
Compare ECN Brokers (2026)
Last updated August 14, 2026
The 21 best ecn brokers ranked side-by-side — spreads, regulation, minimum deposit, and the head-to-head matchups that matter.
How We Ranked
Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.
Regulated brokersLow spreadsFast withdrawals
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Personalized broker matching
Need a faster shortlist than reading every broker page?
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for Compare ECN
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best for Compare ECN
Fusion Markets
Min. deposit $0
- One of the lowest commissions in the industry ($4.50 round turn)
- Raw spreads from 0.0 pips
- $0 minimum deposit
ASIC (Australia), VFSC (Vanuatu)
#2 · Best alternative
HFM
Min. deposit $0
- Excellent mobile app functionality with in-app trading
- No minimum deposit required to start
- Zero account features competitive 0.0 pip spreads with low commission
FCA (UK), CySEC (Cyprus), DFSA (Dubai)
Why these two
Both brokers are shortlisted specifically for Compare ECN, are regulated, and accept clients for this use case — we gate on regulation and safety first, then rotate the headline across the brokers that genuinely qualify so the same two names don't lead every page. Everything below is the fuller comparison.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.
What are the best ecn brokers in 2026?
The best ecn brokers in 2026 are led by VT Markets, MultiBank, IC Markets. They were ranked on regulation, spreads, minimum deposit, and platform support, and every figure in the comparison comes from verified broker data.
How we compare ecn brokers
ECN execution routes orders to the interbank market with raw spreads and a per-lot commission. Our current ranking starts with Fusion Markets where it is available, followed by HFM, VT Markets, and FP Markets. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.
Cost-Focused Offers
Browse All PromotionsVerified rebates and cost-focused offers
For low-spread and ECN-style pages, we prioritize cashback, rebate, and commission-offset style promotions over louder bonus messaging.
Cashback / Rebate
FP Markets
ASIC (Australia)Refer a Friend: Earn up to $200
Referral bonus pays $50-$200 after a friend funds and trades the required volume.
Verified Jun 15, 2026
HFM
FCA (UK)100% Supercharged Bonus + Daily Rebates
100% SuperCharged bonus credit plus daily rebates on qualifying Forex and Gold volume.
Verified Jun 15, 2026
Quick Rankings
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FIND MY BROKERHow these brokers compare
12 brokers · how we rank
Side-by-side ranking of the best ecn brokers in 2026.
| Broker | Withdrawal | Why This Broker | Execution Type | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|
| 0.0 pips (Zero) | $0 | Same day | #7 pick for ecn: Low-cost & high-volume traders. | ECN | ASIC (Australia)VFSC (Vanuatu) | |
| 1.0 pips (Premium) | 0.0 pips (Zero) | $0 | 24 hours | #6 pick for ecn: Bonus hunters, high leverage users & versatile traders. | STP / ECN capabilities | FCA (UK)CySEC (Cyprus)DFSA (Dubai) | |
 | 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) | $50 | 1-2 business days | #1 pick for ecn: traders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing. | ECN / STP | ASIC (Australia)FSCA (South Africa)FSC (Mauritius) | |
| 0.0 pips (Raw) | $100 | Same day to 1 business day | #4 pick for ecn: ECN traders, scalpers & Australian clients. | ECN / DMA | ASIC (Australia)CySEC (Cyprus)SVG FSA | |
 | 0.0 pips (Raw ECN) | $50 | 1-2 business days | #10 pick for ecn: Raw spread traders & Australian forex enthusiasts. | ECN / STP | ASIC (Australia)FCA (UK)CIMA (Cayman) | |
 | 0.0 pips (Raw ECN) | 1.2 pips (Standard) | $10 | 1-2 business days | #12 pick for ecn: Experienced traders, institutional clients & multi-asset investors. | STP / ECN | FCA (UK)FSC (Mauritius) | |
| 0.0 pips (Raw) | 0.8 pips (Standard) | $200 | 24-48 hours | #3 pick for ecn: Scalpers, EA traders & low-latency algorithmic trading. | True ECN | ASIC (Australia)CySEC (Cyprus)Seychelles FSA | |
 | 0.0 pips (ECN) | 1.5 pips (Standard) | $10 | 24 hours | #9 pick for ecn: African & Asian traders & copy trading users. | ECN / STP | FCA (UK)CySEC (Cyprus)FSCA (South Africa) | |
 | 0.0 pips (Zero) | 0.5 pips (Trade) | $25 | 1-2 business days | #8 pick for ecn: Educational learners & MetaTrader power users. | STP / ECN | FCA (UK)CySEC (Cyprus)ASIC (Australia) | |
 | 0.0 pips (Raw) | $0 | Same day | #11 pick for ecn: Transparency-focused ECN traders. | ECN | ASIC (Australia)VFSC (Vanuatu) | |
 | 1.5 pips (Standard) | 0.0 pips + $3/lot (ECN) | $50 | 24 hours | #2 pick for ecn: High-volume traders who confirm which specific MultiBank entity and licence covers their country. | ECN | SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia) | |
 | 0.0 pips (GO Plus+) | 1.1 pips (Standard) | $0 | 1-2 business days | #5 pick for ecn: Australian traders, MetaTrader users & low-cost ECN accounts. | STP / ECN | ASIC (Australia)CySEC (Cyprus)FSC (Mauritius) |
Rank 01 · best overall
Spread
0.0 pips (Zero)
Min dep.
$0
Withdrawal
Same day
Why This Broker
#7 pick for ecn: Low-cost & high-volume traders.
Execution Type
ECN
ASIC (Australia)VFSC (Vanuatu)
Visit Fusion Markets Read reviewRank 02
Spread
1.0 pips (Premium) | 0.0 pips (Zero)
Min dep.
$0
Withdrawal
24 hours
Why This Broker
#6 pick for ecn: Bonus hunters, high leverage users & versatile traders.
Execution Type
STP / ECN capabilities
FCA (UK)CySEC (Cyprus)DFSA (Dubai)
Visit HFM Read reviewRank 03
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)
Min dep.
$50
Withdrawal
1-2 business days
Why This Broker
#1 pick for ecn: traders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing.
Execution Type
ECN / STP
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Visit VT Markets Read reviewRank 04
Spread
0.0 pips (Raw)
Min dep.
$100
Withdrawal
Same day to 1 business day
Why This Broker
#4 pick for ecn: ECN traders, scalpers & Australian clients.
Execution Type
ECN / DMA
ASIC (Australia)CySEC (Cyprus)SVG FSA
Visit FP Markets Read reviewRank 05
Spread
0.0 pips (Raw ECN)
Min dep.
$50
Withdrawal
1-2 business days
Why This Broker
#10 pick for ecn: Raw spread traders & Australian forex enthusiasts.
Execution Type
ECN / STP
ASIC (Australia)FCA (UK)CIMA (Cayman)
Visit Vantage Read reviewRank 06
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard)
Min dep.
$10
Withdrawal
1-2 business days
Why This Broker
#12 pick for ecn: Experienced traders, institutional clients & multi-asset investors.
Execution Type
STP / ECN
FCA (UK)FSC (Mauritius)
Visit Hantec Markets Read reviewRank 07
Spread
0.0 pips (Raw) | 0.8 pips (Standard)
Min dep.
$200
Withdrawal
24-48 hours
Why This Broker
#3 pick for ecn: Scalpers, EA traders & low-latency algorithmic trading.
Execution Type
True ECN
ASIC (Australia)CySEC (Cyprus)Seychelles FSA
Visit IC Markets Read reviewRank 08
Spread
0.0 pips (ECN) | 1.5 pips (Standard)
Min dep.
$10
Withdrawal
24 hours
Why This Broker
#9 pick for ecn: African & Asian traders & copy trading users.
Execution Type
ECN / STP
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit FXTM Read reviewRank 09
Spread
0.0 pips (Zero) | 0.5 pips (Trade)
Min dep.
$25
Withdrawal
1-2 business days
Why This Broker
#8 pick for ecn: Educational learners & MetaTrader power users.
Execution Type
STP / ECN
FCA (UK)CySEC (Cyprus)ASIC (Australia)
Visit Admiral Markets Read reviewRank 10
Spread
0.0 pips (Raw)
Min dep.
$0
Withdrawal
Same day
Why This Broker
#11 pick for ecn: Transparency-focused ECN traders.
Execution Type
ECN
ASIC (Australia)VFSC (Vanuatu)
Visit Global Prime Read reviewRank 11
Spread
1.5 pips (Standard) | 0.0 pips + $3/lot (ECN)
Min dep.
$50
Withdrawal
24 hours
Why This Broker
#2 pick for ecn: High-volume traders who confirm which specific MultiBank entity and licence covers their country.
Execution Type
ECN
SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia)
Visit MultiBank Read reviewRank 12
Spread
0.0 pips (GO Plus+) | 1.1 pips (Standard)
Min dep.
$0
Withdrawal
1-2 business days
Why This Broker
#5 pick for ecn: Australian traders, MetaTrader users & low-cost ECN accounts.
Execution Type
STP / ECN
ASIC (Australia)CySEC (Cyprus)FSC (Mauritius)
Visit GO Markets Read reviewWe earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.
Our Rating
4.5/5.0
Best ForLow-cost & high-volume traders
Min Deposit$0
Fusion Markets Review Summary
Fusion Markets is a multi-regulated broker with MT4, MT5, cTrader, TradingView access, 0.0 pips (Zero) on EUR/USD, and $0 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- One of the lowest commissions in the industry ($4.50 round turn)
- Raw spreads from 0.0 pips
- $0 minimum deposit
Cons
- No proprietary platform
- Limited educational content
Our Rating
4.5/5.0
Best ForBonus hunters, high leverage users & versatile traders
Min Deposit$0
HFM Review Summary
HFM is a multi-regulated broker with MT4, MT5, HFM App access, 1.0 pips (Premium) | 0.0 pips (Zero) on EUR/USD, and $0 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Excellent mobile app functionality with in-app trading
- No minimum deposit required to start
- Zero account features competitive 0.0 pip spreads with low commission
Cons
- No proprietary desktop platform (relies on MT4/MT5)
- Account types and regulations can be confusing to navigate
Our Rating
4.8/5.0
Best Fortraders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing
Min Deposit$50
VT Markets Review Summary
#1 on this ecn comparison, rated 4.8/5. Best positioned for: traders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing. Front-line verdict: 100% deposit bonus on first deposit (minimum deposit $50).
Pros
- 100% deposit bonus on first deposit (minimum deposit $50)
- Raw ECN account with 0.0 pip spread potential
- MT4 and MT5 available across desktop and mobile
Cons
- Entity, leverage, and protection level vary by country
- Free signals are educational support, not profit guarantees
Our Rating
4.5/5.0
Best ForECN traders, scalpers & Australian clients
Min Deposit$100
FP Markets Review Summary
#4 on this ecn comparison, rated 4.5/5. Best positioned for: ECN traders, scalpers & Australian clients. Front-line verdict: True ECN pricing from 0.0 pips.
Pros
- True ECN pricing from 0.0 pips
- ASIC and CySEC regulated
- cTrader and IRESS platforms
Cons
- $100 minimum deposit
- IRESS platform has additional fees
Our Rating
4.4/5.0
Best ForRaw spread traders & Australian forex enthusiasts
Min Deposit$50
Vantage Review Summary
Vantage is a multi-regulated broker with MT4, MT5, Vantage App, TradingView access, 0.0 pips (Raw ECN) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Raw ECN spreads from 0.0 pips
- ASIC and FCA regulated
- ProTrader with TradingView built in
Cons
- $50 minimum deposit for standard account
- Customer support can be slow during peak
Our Rating
4.4/5.0
Best ForExperienced traders, institutional clients & multi-asset investors
Min Deposit$10
Hantec Markets Review Summary
Hantec Markets is a multi-regulated broker with MT4, MT5, Hantec App access, 0.0 pips (Raw ECN) | 1.2 pips (Standard) on EUR/USD, and $10 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- 35+ years of market experience (Est. 1990)
- FCA (UK) Tier-1 regulated with FSCS protection
- Raw ECN spreads from 0.0 pips
Cons
- Brand less well-known to retail traders
- No proprietary web trading platform
Our Rating
4.6/5.0
Best ForScalpers, EA traders & low-latency algorithmic trading
Min Deposit$200
IC Markets Review Summary
#3 on this ecn comparison, rated 4.6/5. Best positioned for: Scalpers, EA traders & low-latency algorithmic trading. Front-line verdict: Consistently deepest liquidity and tightest raw spreads (0.0).
Pros
- Consistently deepest liquidity and tightest raw spreads (0.0)
- Servers located in NY4 & LD5 datacenters for <40ms latency
- No restrictions on scalping, hedging, or EAs
Cons
- Customer service can be slower during peak times
- Protection and leverage depend heavily on your account entity
Our Rating
4.4/5.0
Best ForAfrican & Asian traders & copy trading users
Min Deposit$10
FXTM Review Summary
FXTM is a multi-regulated broker with MT4, MT5, FXTM Trader App access, 0.0 pips (ECN) | 1.5 pips (Standard) on EUR/USD, and $10 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- FCA and CySEC regulated
- Low $10 minimum deposit
- FXTM Invest copy trading
Cons
- High swap rates on some pairs
- ECN account has higher minimum deposit
Our Rating
4.4/5.0
Best ForEducational learners & MetaTrader power users
Min Deposit$25
Admiral Markets Review Summary
Admiral Markets is a multi-regulated broker with MT4, MT5, MetaTrader Supreme Edition access, 0.0 pips (Zero) | 0.5 pips (Trade) on EUR/USD, and $25 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Excellent educational content and webinars
- FCA, ASIC and CySEC regulated
- MetaTrader Supreme Edition plugin
Cons
- Spreads on standard accounts are average
- No cTrader or TradingView
Our Rating
4.4/5.0
Best ForTransparency-focused ECN traders
Min Deposit$0
Global Prime Review Summary
Global Prime is a multi-regulated broker with MT4, MT5, cTrader, TradingView access, 0.0 pips (Raw) on EUR/USD, and $0 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Verifiable trade-execution receipts (trade-through proof)
- Raw spreads from 0.0 pips
- $0 minimum deposit
Cons
- Smaller broker than the majors
- Product range focused on CFDs
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Frequently Asked Questions About Compare ECN Brokers ()
Frequently Asked Questions
VT Markets, IC Markets, Blueberry Markets currently lead our ecn ranking. VT Markets ranks #1 with 4.8/5, ASIC (Australia), FSCA (South Africa), FSC (Mauritius) licensing, and EUR/USD from 0.0 pips (Raw ECN) | 1.2 pips (Standard STP). The whole group averages 0.1 pips on EUR/USD with minimum deposits from $0.
For ecn trading, the brokers that lead the ranking combine three things: a Tier-1 licence where available (20 of the 21 here hold one), total trading cost under control (group spreads 0.0–1.5 pips, deposits $0–$1050), and maximum leverage up to 1:2000 for the accounts that need it. ECN execution routes orders to the interbank market with raw spreads and a per-lot commission.
20 of the 21 brokers on this page hold at least one Tier-1 licence (FCA, CySEC, ASIC, or equivalent) and the remaining 1 are Tier-2/3 licensed — the licence tier determines leverage limits, deposit methods, and compensation-scheme coverage. Every broker is independently reviewed on this site, and each review page lists the entities it contracts through and their regulators.
Ranking is computed from centralBrokerDatabase fields: overall rating, regulatory tier coverage, EUR/USD spread, minimum deposit, and platform support. For this ecn comparison the broker set was filtered to 21 public brokers that actually match the niche, then ranked by rating with Tier-1 coverage as the tiebreaker — every figure in the table traces back to a verifiable database field.
A true ECN broker routes orders directly to interbank liquidity providers with no dealing desk intervention. Prices come from multiple banks and institutions, giving you the raw market spread. Commission is charged per lot instead of being embedded in the spread.
All brokers listed on this page accept traders worldwide and offer genuine ECN execution. Each has been verified for USD deposit support and transparent order routing.
For active traders, yes. ECN brokers offer tighter spreads, no re-quotes, and no conflict of interest. Market makers may be simpler for beginners but the wider spreads cost more over time. The choice depends on your trading volume and style.
Sources & References
- HFM Trading Accounts— HFM
- Vantage Account Types— Vantage
- Hantec Markets Trading Accounts— Hantec Markets
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
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Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Not Financial Advice:
Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
Affiliate Disclosure:
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.
Regional Availability Notice
Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.