Which broker is best for ECN trading in US?

Traders from United States are able to trade only with Forex brokers registered with CFTC or NFA in US. Some of the regulated ECN brokers for US are Forex.com, IG and ATC Brokers. These are the Regulated Brokers we researched and found as best for ECN trading or those offering ECN Trading Conditions:

What are ECN liquidity providers?

For instance, in regions like South Africa, regulated brokers can offer their customers leverage of 400 to 1 on all main Forex pairs. ECN liquidity providers are known to provide prices to brokers, which can then be offered to traders. ECN Forex brokers usually select the best prices from their liquidity providers to supply in their ECN.

How do ECN Forex brokers work?

ECN Forex brokers function through a computerized system to match the trade orders of customers electronically. Suppose a customer is looking to sell 1 lot of EUR/USD at a 1.2000 price tag and another customer is looking to buy a lot with the same parameter, the computerized system of the broker matches the two orders.

How much do ECN brokers charge?

ECN Brokers typically charge a commission on each trade, in addition to the spread. The commission is usually a fixed amount per lot traded, and can range from $2 to $10 per lot, depending on the broker and the trading instrument. ECN Brokers may also charge other fees, such as account maintenance fees, inactivity fees, and withdrawal fees.