Best ecn forex brokers - list of ECN brokers [ TOP 3 ] - YouTube

hello and welcome to my video on the top three  ecn forex brokers for those of you who are not  

entirely clear an ecn is simply an electronic  communications network where you have multiple  

computers connected in a main hub so for example  it'd be like the stock market only the ecn  

is a private network and all of these  various traders place trades and they get  

matched with other traders so for example  if you decide to buy two lots of euro yen  

it will find either an order to go the other  direction the same size or it'll find multiple  

orders to go ahead and match that up now sometimes  it'll be other traders sometimes it'll be other  

liquidity providers but the idea is you aren't  trading against the broker you're dealing with  

a lot of traders like that because it  helps get rid of a conflict of interest  

so with that being said let's take a look at the  um three top ones that i have found one is fx tm  

this is forex time they do have a good reputation  and they have been around for multiple years now  

when you look at the trading instruments you  can see that there are cfds on indices spot  

metal stock cfds crypto stock trading uh  stock trading is actual stock trading that  

is a layer of complexity it's a little bit beyond  the purview of this video but you do have that  

ability uh currency pairs forex trading is  what we'll look at and um you can see that

they have the quotes down here majors miners  exotics and spot metals so they have you know the  

usual majors that you would expect some miners  and some exotics um not a massive amount of um  

currency pairs but enough that you're trading  pretty much anything you're looking for under  

most circumstances they are regulated uh under the  uk's fca and the fsc of the republic of mauritius  

um fca is by far one of the premier regulatory  bodies in the world so that of course uh is  

really what you're paying attention to you can  um click on the about us and you can see the faqs  

so some of this stuff is very basic information  you know they have a handful of different types  

of accounts that offer different spreads you know  the bigger the account the the better the spreads  

uh you can see minimum deposit you can do as  little as five dollars on the cent account  

uh the payment methods include credit and debit  cards e-wallets bank wire transfers and local  

payment solutions that means you know for some of  you in asia you have multiple e-wallets that we  

don't have in the west for example so it's going  to come down to the country that you come from  

um that being said it you should have plenty  of uh information and ways to to get involved  

so that certainly helps uh with your ability  to trade i mean pretty much anybody is going to  

find what they need here um the trading  platforms metatrader ecosystem fxtm trader is um  

basically like a mobile version it's a little bit  different than metatrader4 but it's very similar

very familiar interface you're not going  to have any trouble with that whatsoever

and therefore you should feel comfortable  so let's go to contract specifications

and with forex you can see some of the  minimum spreads very tight spreads there is um  

enough of an offer offering like i said  that you should be able to trade pretty  

much anything you want go to aussiecad for example

it will expose the lot size the  typical spreads minimum spreads  

uh depending on the account you're  in uh so that certainly uh makes  

a you know difference depending on your  size of course margin group fx miners so

go to british pound margin group fx majors  so what we're looking for at this point is  

going to be the margin group so we go over here  trading instruments and you scroll down the list  

and you can see again the spreads the swaps  uh here are some of the more exotics margin  

requirements of course will increase when you  are looking at some of these more exotic margins  

that being said it should be noted that they  offer as much as one to two thousand leverage  

needless to say that is extraordinarily high  you need to be very cautious using that type  

of leverage uh so it's literally going to  come down to the pair that you're trading  

they start anywhere from like one  to twenty all the way to one to two  

thousand so clearly something that you need to  pay attention to if you do get involved um you  

can see that they have uh market analysis  daily market for example there's podcast  

and such so there are some decent um news related  stuff here as far as learning to trade i don't  

know that this is you know a bad place to do  it but clearly you'd want to do it with a small  

trading account first especially because you are  offered so much leverage you definitely want to  

keep that position size lower as well that being  said there are pdfs on just about everything here  

and once you register with them you  can access that there's also videos  

webinars that type of thing

so the next broker is going to be a paul apari and  apari is international it's all over the place it  

just depends and i'm on the international side it  depends on exactly where you're at some of these  

things may change a little bit they've been  around for over 20 years uh 250 plus trading  

instruments so the first thing you know you can  see there's multiple accounts just like in the um

um fx tm brokerage so it  really kind of comes down to  

uh what kind of size you're going to  trade but you can see the leverage offered

goes one to a thousand on the majors one to  five hundred on the miners one to two hundred  

on the exotics uh cryptocurrency  one to ten these are all very high  

amounts of leverage um leverage is not  gonna be an issue they are um regulated

in multiple different countries  obviously the uk being the big one um  

they also are regulated in cyprus with the  eu etc so trading platforms you're looking at  

metatrader 4 and metatrader 5. really you know the  industry's it's not a huge surprise there there  

is copy trading uh you can become a strategy  manager and you can see the rankings and then  

you can copy them there um is a somewhat decent  rudimentary uh education area so that being said  

uh you know we can take a look at the faqs and  you can see that um you can deposit you go on  

the deposits page so it's a lot like the other  brokers that i've been looking at as of late  

where you um go to the back end as it were of your  account and you confirm your uh deposit details um

once you get into there and then um

you can see you know how long does it  take to deposit it's going to depend  

on the payment method you're  going to have a hard time finding  

uh a situation where you don't have the  ability to uh deposit pretty much everything  

is offered here credit cards um e-wallets  you know even bitcoin bank wire and then  

a whole plethora of local like fafsa pay  turkish local transfers that type of thing  

so obviously not an issue um opari's well-known  they're they're a huge company been around forever  

fx pro another huge company this one has a  ton of uh markets as well when we look at 4x  

um you know they do up to 7 000 orders executed  per second not that it's a concern of yours just  

to know that it is fast these are your major pairs  these are your minor pairs you can expand the full  

list to see um truly you know exotic mixes you  know pound norwegian chrono type of thing the

broker fx pro is well known around  the world they are um regulated by  

pretty much all of the major uh brook broker  regulators out there they've been around since  

2006 so for example fx i am i'm on the uk page  uh they're regulated in the fca uh but also sysec  

it's really not a huge surprise they've been  around so long that they would be um regulated  

in all these countries uh the bahamas  cyprus um south africa united kingdom um  

there are other versions of fx pro as well so  it'll kind of come down to where you're coming  

from um but a huge company have a presence in the  city of london for example you can contact them  

right along with these other brokerages anytime  the markets are open they have somebody there  

to answer the phone they also have online chat  that type of thing um email um when you get to

trading platforms they have their own they have  which is like a web trader they have ctrader which  

some of you like and then metatrader um metatrader  everybody knows ctrader has the ability to  

uh do algo trading as well so definitely uh an  impressive platform that a lot of people like  

if you get away from metatrader4 this is probably  by far the second most uh highly and widely used

platforms out there um you know they do have tools  so they have education forex news this education  

you know it's relatively straightforward um there  is some fundamental analysis stuff here in advance  

so that's not bad again though brokers aren't  really where you're going to go to learn how to  

trade um that's just not the way it works there  are multiple even just free resources out there  

that will teach you to trade much better  than most break brokers will quite frankly

the fx pro team has been around for many years  they are highly regulated they're highly liquid  

and capitalized they have a strong reputation  you can trade just about anything you want um  

well beyond uh the usual forex pairs  you know like the holland 25 s p 500  

mid cap in the uk etc etc so well known highly  capitalized uh have been around for ages and  

have over uh couple million clients just  over the last decade or so so clearly one  

of the big ones all three of these ecns are  well known and highly regulated they offer  

direct trading no dealing desk type of operations  and therefore you'll find it pretty hard  

to find a bad one here really comes down to some  of the uh instruments that you want to trade  

whether or not you know if you wanted more  forex um you may have to choose one over the  

other but for the most part they're paired pretty  evenly um all of them definitely viable choices