The introduction of ECN technology to the Forex markets gave birth to a new category of specialists, known as ECN brokers. They became a sort of bridge, connecting conservative MM traders to this innovative technology. The new model of trading was viewed as a real breakthrough, as it provided an opportunity to get direct access to the interbank market.

Forex ECN brokers are in a privileged position, since they created an appropriate marketplace for ECN trading. Supporters of the traditional Market-Maker model lost their influence as ECN Forex brokers offered flexible and more favorable conditions for profitable trading, and, thus, were regarded as revolutionaries in the industry.

As for the advantages associated with ECN broker services in Forex, floating spreads are probably the main benefit. Spreads are not tight in the Market Maker model however, some Forex ECN brokers offer spreads from 0 pips. The trader has access to the true market price and therefore sees the current Best Bid and Best Ask prices available.

The ECN liquidity pool is constantly refilled with the liquidity from a number of providers i.e., major banks, hedge funds and other financial institutions. Every trader can make use of this liquidity and operate larger trading volumes, assuming they have a proven trading strategy, and rely on their professional skills.

It is very important to choose the right ECN Forex broker to work with. Nowadays, there are a lot of representatives of this risky business. However, not all of them are reputable and trustworthy. You should analyze and weight factors like an ECN brokers trading terms, regulation, quality of provided products and services, years of experience, etc. It is also recommended you consult ECN brokers reviews, to gauge customers feedback.

According to the latest data, companies such as FxPro, Dukascopy, FXOpen, RoboForex, and Alpari UK are all in with a chance of earning the title of the Best Forex ECN Broker. They are distinguished among the others, by the favorable ECN environment they create. Theyve firmly taken the leading position in the industry, and now apply every effort to offer new products and services.

FxProis a U.K-based Forex broker offering its clients both the MetaTrader 4 and cTrader trading platforms. The companys cTrader platform provides ECN traders with greater price depth and volume-weighted average price. It is also suitable for algorithmic trading.See more

Dukascopyis renowned for its direct access to the Swiss Foreign Exchange Marketplace (SFEM). SFEM is a technological solution for Forex trading that provides a large pool of ECN spot liquidity. The company tries to follow two key principles in its work – to create a transparent pricing environment, and to secure equal trading rights.See more

FXOpenis a New Zealand based ECN broker that has deserved its reputation as a Forex innovator after adjusting the cutting-edge ECN/STP technology to the familiar MT4 trading platform. The broker created a more convenient and trader-oriented model that is highly appreciated by its users. FXOpen offers the lowest spreads and mark-up, as well as an elaborate partnership program and an advanced PAMM service. Another benefit of the broker is its various demo contests, with an impressive bonus pool held for Forex traders.See more

RoboForexandAlpari UKalso deliver high quality services to their customers. The companies have their own specific features, but they are similar in some key respects: honesty and transparency in relationships with customers and partners, and a focus on mutually beneficial cooperation.

The list of the Top ECN brokers is not limited to the companies mentioned above. The Internet is full of brokers reviews and ratings, but make sure youre dealing with an objective source of information.