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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 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 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 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 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, 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.)
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
IVY Markets, established in 2018, positions itself as a global brokerage offering a diverse range of trading instruments, including Forex, Commodities, Cryptocurrencies, and Stocks. The platform provides two primary account types—Standard and PRO—with a minimum deposit requirement of $50 and leverage up to 1:400.
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Fortuno Markets, a relatively new broker registered in Saint Lucia, has been gaining attention in the forex and multi-asset trading world. However, its low WikiFX score of 2.01/10, raises some red flags for potential investors. In this review, we’ll explore why this broker has attracted scrutiny, its offerings, and why traders should exercise caution before making any decisions.