Best ECN / STP Broker

A CFD (Contract for Difference) is in fact a derivative trading instrument. There are multiple markets to trade CFDs including currency pairs, equities, indices, commodities and bonds. ECN/STP brokerages are the choice of many traders as they mean prompt execution, accurate pricing and more liquidity. It is a broker's business model in which clients` orders are sent directly to one or several liquidity providers to be executed on their end. Liquidity providers include companies, banks or financial institutions that quote both buy and sell price in a financial instrument or commodity. The more liquidity providers a broker has in general, the better execution for its clients will be (more liquidity available generally means less price slippage).

What makes a true ECN/STP (Straight through processing) broker is that the STP broker doesn’t internalise the orders, but sends them to liquidity providers, acting as an intermediary between their client and the real market.

Even today the meaning of ECN (Electronic Communication network) still remains not quite clear to many traders, although this technology has proven to have distinctive advantages over the traditional Market-Maker type.  Now ECN commands a large part of the forex market, so it is important to highlight the key points of it. The main characteristic of ECN broker that makes it a class of its own is that this technology allows direct processing execution: open orders are processed by STP forex brokers, no intermediary party is involved. This procedure is known as STP (Straight-Through Processing). The advantage of the ECN / STP method is that it allows trader access the liquidity market directly. The liquidity providers are STP business connections (first-class banks, financial companies, etc.). Basically, the strong points of best ECN broker are lower spreads and commissions and easy access to the market. What is more, ECN/STP forex brokers should be noted for market execution, no slippage and no requotes.

ECN /STP technology purports transparency, but traders are strongly recommended not to start ECN trading unless they feel prepared having gained sufficient knowledge about it. When choosing the best ECN broker one should evaluate various reliable sources of information and seek expert advisory to every possible extent.

Forex Awards present to you top ECN brokers working on the present-day financial markets. Vote for the best ECN forex brokers and define the industry leaders of today!

Best ECN / STP Broker 2023 Nominees

Forex Broker Ratings Results Rating dynamics
1 OctaFX Review and Awards Overall rating
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OctaFX voting dynamics Rate
2 WeTrade Review and Awards Overall rating
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WeTrade voting dynamics Rate
3 CedarFX Review and Awards Overall rating
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CedarFX voting dynamics Rate
4 AdroFX Review and Awards Overall rating
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AdroFX voting dynamics Rate
5 VIG Investment Review and Awards Overall rating
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VIG Investment voting dynamics Rate

Best ECN / STP Broker — Previous Years Winners

Best ECN / STP Broker Winner 2021   Best ECN / STP Broker Winner 2020   Best ECN / STP Broker Winner 2019   Best ECN / STP Broker Winner 2018

Best ECN / STP Broker – Most Indicated Strengths

Indicated strengths reflect the users' preferences

Top Forex Nominations 2023

Nomination Nominees
1 Best Forex Broker NordFXHFMETX CapitalIS6FXWeTrade
2 Best Execution Broker ActivTradesXeroMarketsIS6FXVIG InvestmentITB
3 Best Forex Expo Forex Expo 2022Forex Expo Cyprus 2022Forex Expo Egypt 2022TradersExpo 2022MoneyShow 2022iFX Expo Dubai 2022
4 Best Cryptocurrency and Forex Broker NordFXXeroMarketsGIBXChangeVIG InvestmentITB
5 Best Cryptocurrency Exchange PointPayGIBXChangeHuobi GlobalCoinbaseBinanceKrakenBitMEX
6 Best CFD Broker Asia NordFXOctaFXXeroMarketsIS6FX
7 Best Micro Forex Broker HFMOctaFXXTrend SpeedAdroFX
8 Best Trading Platform NordFXIQ OptionDerivSSIMDCFXQuadcode Markets
9 Best Crypto Trading Mobile App LibertexNordFXPointPay
10 Best ECN / STP Broker OctaFXCedarFXVIG InvestmentAdroFXWeTrade
11 Best Cryptocurrency Broker NordFXHFMOctaFXXeroMarkets
12 Best Forex Broker Europe LibertexActivTradesXTrend SpeedVT Markets
13 Best Cryptocurrency Trading Platform LibertexGIBXChangePointPay
14 Best Forex Broker Asia NordFXXeroMarketsDCFXWeTrade
15 Best Forex Mobile Application OctaFXNPBFXQuadcode Markets
16 Best Forex Broker Middle East NordFXXeroMarketsIS6FXITBVT Markets
17 Best Trading Application DCFXSSIMPointPayGIBXChangeIEXS
18 Most Transparent Broker XTrend SpeedVIG InvestmentDerivQuadcode MarketsITB
19 Best Trade Executions OctaFXNPBFXCedarFXGIBXChange
20 Best Dealing Room Kohle Capital MarketsCedarFX

All Forex Nominations