Ask for ECN broker recommendations

Choosing a Broker
R
Ratih
18 Dec 2020, 13:50 1,172 Views
Hey, can someone recommend a good ECN broker for beginners? Preferably one that accepts small investments. Thanks!

4 Answer

R
rizki rosadi 19 Dec 2020, 16:48

@Ratih: There are many. To make it easier, please see the review of a list of 7 best ECN/STP brokers for Indonesian traders that has been reviewed on this site.

  • Alpari
  • FXOpen
  • Exness
  • Liteforex
  • FBS
  • OctaFX
  • Tickmill

Best ECN/STP Broker List

Thank you

M
Melinda 28 Dec 2020, 11:26
Why do many traders seek ECN brokers?
R
Rian 28 Dec 2020, 22:35
IC Markets & Tickmill
N
Nicolas Saputra 29 Dec 2020, 17:29
@Melinda
ECN brokers are definitely not market makers. The spread is very thin, for EURUSD it's 0 spread but there is a commission fee per lot.
The capital is small, 10USD is enough to trade. ECN is very good for beginner traders.

My advice is to use 2 brokers, so you can compare price charts, avoid broker fraud. But so far, the ECN brokers I use have been fine. It's better to use foreign brokers.

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