To come up with the list we have searched and tested a number of ECN forex brokers UK that offer ECN accounts. 

For this purpose, we opened real accounts with each broker and deposited between $4,000 and $8,000. Further, to get the real picture of spreads we placed real trades in each popular market. 

Also, we contacted the customer support team to solve the problems we had faced during the trades. At last, we checked the withdrawal process for any possible issues by withdrawing our funds.

We handpicked the best ECN forex brokers UK according to our trading data and experience.

What is ECN Broker UK?

ECN stands for Electronic Communication Network. ECN broker is the one that uses ECN technology. ECN bridges the members of the Forex market. Read more about ECN Forex Brokers.  

ECN trading does not assume either cheaper trading, or zero spread trading.  In fact, the costs are built into ECN fees. The latter are commonly charged by a broker as commission per lot traded. This means, there is no ECN broker with no commission. 

ECN has a number of advantages that attract traders. Firstly, it gives privacy to them. Besides, ECN trading protects from price manipulation. Another pro is the 24/7 availability, that does not restrict the traders to certain hours. 

ECN Forex brokers UK are regulated by the Financial Conduct Authority. It is known as one of the best financial regulators globally.

True ECN Forex Brokers UK

ECN forex brokers commonly display the best available bid/ask price to the traders and the trades are matched and executed automatically.  

ECN Forex Brokers generally offer Interbank spreads starting from 0 pips. As trading fees the brokers charge a commission.

Anyhow, the overall trading price with ECN accounts is sometimes higher when compared with non-ECN brokers. This is due to the commissions charged by the ECN brokers. When you are dealing with a true ECN forex broker, your trades are executed quickly and with no re-quotes. Besides, with ECN forex brokers UK, there should scarcely be any slippage in the trades.

Here are some of the United Kingdom operating true ECN brokers:

  • LCG
  • FXTM
  • Vantage FX

Some of the key highlights of trading with ECN brokers:

🏦 SpreadLow spread starting at 0
📊 CommissionMostly yes
🛡️ Trading StrategyNo Limit
🔒 RejectionNo
💰 Re-QuotesNo

Best ECN Forex Brokers in UK

To come up with the list of the best ECN brokers UK, we ran our own tests and reviewed a number of forex brokers. By opening real accounts, depositing money with each broker and placing real trades, we were able to accumulate information that is important for traders to consider.

We got a general understanding of the spread and commission, withdrawal and deposit terms, trading platforms, customer service and education.

Based on the collected data, we came up with the following list:

  • Vantage FX – Best Overall ECN Broker
  • Dukascopy – Best ECN Broker for Beginners
  • FXTM – Best ECN Forex Broker
  • INFINOX – Best ECN Broker with MT4
  • Moneta Markets – Best High Leverage ECN Broker

Best Overall ECN Trading Broker UK

We have picked Dukascopy as the best overall ECN trading broker UK.

Dukascopy is a Switzerland-based forex and CFDs broker, founded in 2004. It offers trading services with forex, indices, commodities, cryptocurrencies, and stock CFDs instruments.

Dukascopy is regulated in Switzerland, Japan and Latvia.

The broker stands out for its attractive trading conditions. It allows hedging and scalping. Moreover, it enables the traders to change leverage levels.

It has two main account types, yet it also offers Islamic, PAAM and Institutional accounts. Traders can choose between the MT4 trading platform and the broker’s Proprietary Platform – JForex.

Best ECN Broker for Beginners

We have picked FXTM as the best ECN broker for beginners.

ForexTime, better known as FXTM, was founded in 2011. The broker is headquartered in Cyprus. 

FXTM is regulated in the United Kingdom, Cyprus, South Africa, and Mauritius.

The broker is suitable for beginners, as it offers a great number of valuable materials, such as eBooks, video tutorials, webinars and a lot more. Besides, FXTM offers a demo account, which is also a great advantage. 

Top UK Forex Broker ECN MT4

We have picked GKFX as the best ECN broker with MT4.

GKFX is a United Kingdom-headquartered forex and CFD broker, offering services in various countries. It is strictly regulated in the UK, Malta, British Virgin Islands, Cambodia, and Australia.

The broker includes three retail brands: GKFX, GKFX Prime, and GKFX Cambodia

GKFX offers its traders MetaTrader4 and MetaTrader5 trading platforms. Both platforms have web, desktop, and mobile availability. The primary platform, however, is considered MT4. Thus, traders can find all the main tools and features there.

Best Low Spread Brokers UK

We have picked FBS as the best low spread ECN forex broker UK.

Our tests proved that FBS spreads on forex, indices, and stocks are lower than the industry benchmark.

Also, FBS has other advantages that provide favorable trades. It has excellent educational materials, and its market research tools and features are very handy and useful. 

With FBS the traders have a choice between choosing Meta4 or Meta5 trading platforms, according to their preferences.  

At last, FBS offers the traders Cent and Micro accounts.

List of ECN Brokers UK and Review

Here is an extended list of ECN forex brokers UK, which we have tested and reviewed.

Forex BrokerECN accountAbout Our TestOur Review
Vantage FXYesDeposit Amount: Over €5,000
Total Trade: 15 trades
Vantage FX Review
FXTMYesDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
GKFXYesDeposit Amount: Over €5,000
Total Trade: 15 trades
GKFX Review
FBSYesDeposit Amount: Over €5,000
Total Trade: 12 trades
FBS Review
RoboMarkets (RoboForex)YesDeposit Amount: Over €5,000
Total Trade: 12 trades
RoboMarkets Review
INFINOXYesDeposit Amount: Over €4,000
Total Trade: 9 trades
DukascopyYesDeposit Amount: Over €4,000
Total Trade: 15 trades
Dukascopy Review

FAQ and More on ECN Brokers

Traders may often have questions on generic trading-related queries. To be helpful, we have picked the most important and common ECN broker related queries.

UK based ECN Forex Brokers

The best thing about ECN trading is that ECN brokers do not typically take positions against the traders. They offer raw market spreads, and trading fees are made out of commissions. 

We have picked several UK based ECN brokers. Some of the best among them are:

  • Pepperstone
  • AxiTrader
  • FXTM
  • Admiral Markets

MT5 Brokers UK

As the best MT5 ECN forex brokers UK we have come up with two brokers: GKFX and FXTM.

Both GKFX and FXTM are well-regulated brokers. Their trading fees are mostly built into spreads. FXTM fees can vary according to the account type.

ECN vs STP brokers

While talking about ECN vs STP brokers, we can point out their similarity as to using no dealing desk. Anyway, the brokers use different execution models. By saying STP execution, we refer that in filling orders there is no space for re-quote or delay. Whereas, ECN  is more as a technology bridge to the market. 

Best ECN Trading Platform

Actually, Interactive Brokers is considered the best choice for ECN trades. It offers an excellent proprietary platform. Its tools and features are straightforward and powerful, giving a lot of opportunities to the traders. What is more, the broker is known as ECN lowest spread broker UK.

Author of this review

By George Rossi

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Now I am passionate about reviewing and comparing forex brokers.

Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Leave a Reply

Your email address will not be published. Required fields are marked *