What are the best UK regulated Forex ECN brokers?

IG, Pepperstone, Axi, FXTM and Forex.com are some of the best UK-regulated forex ECN brokers. See our list and comparison above for other reliable options. What Is The Difference Between Forex ECN Brokers Vs Market Makers? A market maker is a dealing desk broker, which defines its own quote to generate profit from the bid-ask spread.

Is IC Markets an ECN broker?

Like FxPro, IC Markets is technically not an ECN broker in its own right, but rather a forex trading platform with an ECN pricing model – that is, you’ll have access to external liquidity providers like you will with most ECN brokers to ensure the best prices and fastest execution speeds.

What is a true ECN broker?

“True” ECN forex brokers are those that exclusively meet the ECN criteria. For example, a true broker will do nothing more than facilitate access to a network of liquidity providers offering various prices on trades. Traders using a true ECN broker will also be entirely anonymous to one another.

Are FxPro and Pepperstone ECN brokers?

Indeed, FxPro, IC Markets, and Pepperstone are all forex brokers with elements of being an ECN broker. In the case of FxPro and Pepperstone, both of these platforms behave a lot like ECN brokers, while also retaining control of their platforms themselves like a market intermediary would.