If you are looking for the Best Forex Broker that is ECN based and provides the MetaTrader 4 platform, look no further. US citizens are rejected by most Brokers these days but there is still an option left for you. All of the tools available here at ElectroFX are designed for the MT4 platform and will work with any of the Brokers listed here.
Our Featured Broker
Not Accepting US Residents
IC Markets STP/ECN style MT4 Trading
- Minimum Account Size: $200
- Minimum Lot Size: 0.01
- Currency, Commodities, Indices and Crypto
- Spreads as low as 0.0 pips
- Flexible leverage up to 500:1
- IC Markets are one of many great Australian offerings that focus on being a true ECN style MT4 broker with some of the best spreads on the planet. They have no dealing desk or price manipulation and you can now trade along side the worlds biggest banks an institutions with your order flowing straight into their true ECN environment. Technology is big for these guys and their global servers provide unrivaled trade execution speeds. Several members here at WaveFX Trading use this broker and everyone is happy them which makes them our top pick.
Option for US Residents
Accepting US Residents
Coinexx STP/ECN style MT4 Trading
- Minimum Account Size: $5
- Minimum Lot Size: 0.01
- Currency, Commodities, Indices and Crypto
- Spreads as low as 0.0 pips
- Flexible leverage up to 500:1
- Coinexx provides an ECN account with high leverage, tight spreads and very low commissions. They are unique where deposits and withdrawals are in Cryptocurrency but your MT4 base account currency will be USD or EUR. They treat client funds with utmost priority so funds are kept in cold storage wallets that are offline and away from hackers. Dual Authentications and End to End Encryption make the whole setup bulletproof. They also accept US Residents and offer them the same trading conditions. A hard find.
Highly Recommended
Not Accepting US Residents
FP Markets STP/ECN style MT4 Trading
- Minimum Account Size: $100
- Minimum Lot Size: 0.01
- Currency, Commodities, Indices and Crypto
- Spreads as low as 0.0 pips
- Flexible leverage up to 500:1
- With 35 Industryawards and counting, FP Markets are another one of many great Australian offerings focusing on being a true ECN style MT4 broker with some of the best spreads on the planet. They are now in the industry for over 14 years and understand that no dealing desk or price manipulation is what all traders want these days. They have also mentioned several times to me in conversation that they have no slippage and amazing execution speed which makes them a top choice as far as I am concerned.
Recommended
Not Accepting US Residents
GlobalPrime STP/ECN style MT4 Trading
- Minimum Account Size: $500
- Minimum Lot Size: 0.01
- Currency, CFD’s and Commodities
- Spreads are Low and Variable
- Flexible leverage up to 200:1
- GlobalPrime is a highly rated Broker with great reviews all over the web. What you can expect from them is great liquidity with fast fills and great depth, transparency to the point where they will even show you which liquidity provider filled your trade, tight spreads and total satisfaction as seen by the amount of people who have taken the time to write positive reviews about them. They are currently servicing clients from over 100 countries around the World.
Option for US Residents
Accepting US Residents
TradersWay STP/ECN style MT4 Trading
- Minimum Account Size: $10
- Minimum Lot Size: 0.01
- Currency and Commodities
- Spreads as low as 0.0 pips
- Flexible leverage up to 1000:1
- TradersWay provides ECN and STP offerings with high leverage for US residents, which is not an easy find these days. They are a self regulated entity otherwise they possibility of offerring what they do to US residents would not exist. The lack of regulation always makes me nervous but I have seen regulated brokers go bankrupt in the past, it clearly is more about finding an honest business to deal with. Reviews are mixed accross the web but there are several US members here at WaveFX Trading using TradersWay.
Highly Recommended
Not Accepting US Residents
AxiTrader STP/ECN style MT4 Trading
- Minimum Account Size: $0
- Minimum Lot Size: 0.01
- Currency, Indices and Commodities
- Spreads as low as 0.0 pips
- Flexible leverage up to 400:1
- AxiTrader was founded by traders for traders, they are one of Australia’s most trusted Forex brokers who alkso have offices in London. They charge $0 deposit fees and have 10 fast funding methods. Their MT4 Pro account is what I recommend so that you can enjoy their lowest spreads and fast execution speeds. They are highly regulated so you don’t have to worry about your funds. They have won multiple awards over the years and have been praised to me by several of my VIP members. Grab an account today and try them out.
Recommended
Not Accepting US Residents
FXOpen AU STP/ECN style MT4 Trading
- Minimum Account Size: $10
- Minimum Lot Size: 0.01
- Currency, Indices and Commodities
- Spreads as low as 0.0 pips
- Flexible leverage up to 500:1
- FxOPen AU is an ASIC regulated ECN offering providing competitive account conditions. They are close to ICMarkets on spreads but also offer a lower commission per trade that makes things very even. The ECN account is offered at Micro, Standard, or VIP levels. They also offer an STP account for those of you who want to avoid commissions and accept slightly larger spreads. You can open as many of these different account types as you like. Due to the new ESMA rules these Australian regulated brokers are very appealing.
Option for Low Risk Beginners
Not Accepting US Residents
InstaForex Beginner Micro Lot MT4 Trading
- Minimum Account Size: $1
- Minimum Lot Size: 0.0001
- Currency, Commodities, Indices and Crypto
- Spreads are Low and Variable
- Flexible leverage up to 1000:1
- InstaForex have been around since 2007 and are licensed in the British Virgin Islands, but also regulated by CySEC, providing offshore and EU regulated options for the client to choose from. Their offerings definitely shine for a beginner due to having ‘cent’ accounts allowing you to trade down to a 0.0001 standard lot. Leverage is high, bonuses are plentiful and I would consider this a great choice for those who want to get their feet wet. Also, a great live testing ground for EA’s. Their EU branch only offers 1:30 Leverage.
Recommended
Not Accepting US Residents
MultiBankFX STP/ECN style MT4 Trading
- Minimum Account Size: $50
- Minimum Lot Size: 0.01
- Currency, Commodities, Indices and Crypto
- Spreads as low as 0.1 pips
- Flexible leverage up to 500:1
- MultiBankFX is the offshore company from the MultiBank Group and is regulated by the FSC. This provides higher leverage to many who would normally be limited by their local regulation. They have an ECN account which provides very tight and competitive spreads. They are a massive company with professional customer service and stable trading platforms. If you prefer the ASIC regulation then they also have an Australian branch offering that also. There is also a social trading platform if you prefer to copy trades from others.
Recommended
Not Accepting US Residents
FXOpen STP/ECN style MT4 Trading
- Minimum Account Size: $1
- Minimum Lot Size: 0.001
- Currency, Indices and Commodities
- Spreads as low as 0.2 pips
- Flexible leverage up to 500:1
- FxOPen is an offshore ECN offering providing account conditions. They are not better than ICMarkets on spreads but they do have a considerably lower commission per trade that evens the score. Whilst the ECN is the account of my choosing, they do also offer STP, Micro, CFD, and/or Crypto specific accounts. You can as many of these different account types as you like. Due to the new ESMA rules most traders will prefer FXOpen vs their FXOpenUK branch so the link here will take you to FXOpen, FXOpenAU is listed above.
Option for US Residents
Accepting US Residents
Turnkey Forex Lowest Commission ECN Trading
- Minimum Account Size: $5
- Minimum Lot Size: 0.01
- Currency, Indices and Commodities
- Spreads as low as 0.0 pips
- Flexible leverage up to 400:1
- Turnkey Forex provides ECN and STP offerings with high leverage for US residents, they have the lowest ECN account commission on the planet, $2 per $100K round turn. They also provide the option of a micro account if you just want to get your feet wet. They started up as an Investment Advisor for institutional investors and evolved to launch this brokerage. They mention often that the customer is king and have a goal to deliver an exceptional trading & customer service experience to all of their clients.
Highly Recommended
Not Accepting US Residents
Blueberry Markets STP/ECN style MT4 Trading
- Minimum Account Size: $100
- Minimum Lot Size: 0.01
- Currency, Indices and Commodities
- Spreads as low as 0.0 pips
- Flexible leverage up to 500:1
- Blueberry Markets is another popular regulated broker from Australia. They were founded by the former AxiTrader executive, are well regulated, have low spreads, a NDD trading model, great liquidity, and are well reviewed for their customer service. Blueberry Markets are regulated by their local Australian authotiries and your money is held in a segregated trust account with the National Australia Bank. They are newer than all of the other brokers listed here but do check all the boxes as a trusted option to choose.
Recommended
Not Accepting US Residents
BDSwiss STP/ECN style MT4 Trading
- Minimum Account Size: $100
- Minimum Lot Size: 0.01
- Currency, Indices and Commodities
- Spreads as low as 0.0 pips
- Flexible leverage up to 400:1
- BDSwiss is an FSC and CYSEC regulated broker of which you will get to choose when you sign up. If you are a retail client looking for higher leverage make sure you choose the FSC Regulator on the sign up page. BDSwiss does things slightly differently than othe ECN/STP style brokers, they have no commission but you pay a monthly fee instead. Depending on how much you trade each month will depend on if this is of benfit to you. Join this club of more than 1,000,000 traders by clicking just below.
Recommended
Not Accepting US Residents
ThinkMarkets STP/ECN style MT4 Trading
- Minimum Account Size: $250
- Minimum Lot Size: 0.01
- Currency, Indices and Commodities
- Spreads as low as 0.1 pips
- Flexible leverage up to 500:1
- ThinkMarkets is FCA and ASIC regulated broker and goes out of its way to provide the best in technology, reliability, features, pricing, customer service, and educational support. Full transparency breeds honesty and integrity, the hallmarks of this firm. Their website is of premium standards and you can tell they put much effort in to making things easy to understand and operate. Due to the new ESMA rules the ASIC license and regulation is now highly preffered. Give them a look and see what you think.
Recommended
Not Accepting US Residents
Pepperstone STP/ECN style MT4 Trading
- Minimum Account Size: $200
- Minimum Lot Size: 0.01
- Currency, Indices and Commodities
- Spreads as low as 0.1 pips
- Flexible leverage up to 30:1
- Pepperstone provides cutting edge Forex trading technology to offer unmatched top tier liquidity, institutional grade spreads and the security of tight financial regulation. With them you will access deep liquidity from over 22 Banks and with their high tech infrastructure your trading will be executed on lightening fast servers. With these guys it is all about using the latest technology to deliver the best possible trading experience. Pepperstone are one of the Worlds largest MT4 brokers but don’t seem to have a high leverage option.
