ECN / STP Forex Brokers,FSA Regulated Forex Brokers
Listed below are all the brokers from our database that offer ECN (Electronic Communication Network) and STP (Straight-through Processing). This is important to many traders because it is closer to trading in the interbank market than what Market Makers can offer. ECN brokers offer deeper liquidity, more transparency, often (though not always) lower transaction costs, and perhaps most importantly, no manipulation of prices or execution, as there is no monetary incentive to do so. Please note that all the brokers listed here offer ECN style trading, but not necessarily to all account holders - there may be conditions that need to be met for ECN/STP accounts are enabled. Please read through the reviews in their entirety and contact the brokers themselves to ensure all information is satisfactory to you before opening a live trading account.
The FSA (Financial Services Authority) is a UK based financial regulatory agency. It is one of the most respected forex broker regulators in the world, although not quite as restrictive as its American counterpart, the NFA. For many traders, FSA regulated forex brokers offer the best balance between the safety of trading in a well regulated environment, and the freedom to trade on their own terms. FSA brokers are also some of the few non-US brokers that accept traders from the US (although some may choose not to). In order to check whether a broker is regulated by the FSA, it is a good idea to check the FSA register.
AFB FX Review
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AFB FX is a forex and OTC futures broker based in Cyprus. By far the best feature offered by AFB FX is the availability of Professional Accounts, which offer highly flexible trading conditions. The spreads, margin requirements and virtually all other parameters are negotiable on Professional Accounts, making them the preferred choice among account managers. Having said that though, most of the other accounts also offer trading conditions that are quite reasonable.
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Hantec Markets Review
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Hantec Markets offers professional traders a very solid forex trading package, along with all the advantages and disadvantages that the MT4 and Currenex platforms come with. The great thing is that you get access to a real ECN and can trade to something very similar to the interbank market (although not in the interbank market itself). You can see the liquidity and pending orders, you can use complex order types such as if/then and one-cancels-other (OCO), and make use of many other professional level features available on Currenex.
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