ECN brokers list | ECN/STP Forex brokers have a look there
I am by no means affiliated with the brokers below. I compiled this list from a research I'm doing because I'm also switching to ECN some time next year and I like to do an extensive research before I choose a broker. So far this is what I've got. Not in any order.
hotspotfx for institutional trading
marex fx (not sure if they offer trading to retailers)
interactive brokers
lmax
mb trading
dukascopy
These are all ECN, I doubt DMA is available to retail traders as I haven't seen any so far.
edit2: I have removed the link since I found out they have been charged for fraud in 2007.
DMA providers from the London Stock Exchange website: http://www.londonstockexchange.com/...-market-access/dma-providers/dmaproviders.htm
hotspotfx for institutional trading
marex fx (not sure if they offer trading to retailers)
interactive brokers
lmax
mb trading
dukascopy
These are all ECN, I doubt DMA is available to retail traders as I haven't seen any so far.
edit2: I have removed the link since I found out they have been charged for fraud in 2007.
DMA providers from the London Stock Exchange website: http://www.londonstockexchange.com/...-market-access/dma-providers/dmaproviders.htm
Last edited:
CityMasterTrader
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Both IG and Accendo Markets offer DMA pricing for CFDs with the former offering just the platform and the latter offering platform + dedicated broker + research. Both allow you to see real-time market spread and depth for equities. In terms of charges, both very competitive. Lots of other CFD brokers out there too not all have DMA so beware cheap trading offset with wide spreads. What is your focus in terms trading. FTSE100?
Accendo Markets mainly do CFD and SB equities, I think. Assuming you trade some forex (judging by reference to ECN?), IG do have an ECN offering with DMA to bank liquidity. I think they charge commission for this – no extra spread. Not sure if it’s worth doing in terms of cost, let us know what you find out. Others, like FXCM have straight through processing. Technically, I don’t believe this is an ECN though.
Direct Market Access for which market(s). Currencies? Or CFDs?
If your CFD broker is an ECN then you will not be able to trade small cap stocks as the liquidity just isn't there for many small cap stocks on a non-market maker model.
