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Best ECN Forex Brokers in 2026
ECN (Electronic Communication Network) brokers connect traders directly to interbank liquidity providers, offering raw spreads from 0.0 pips with no dealing desk intervention. ECN execution means transparent pricing, no requotes, and faster fills — but typically involves a per-lot commission. We compare the best ECN forex brokers by raw spread costs, commission rates, execution speed, and liquidity depth. Updated April 2026.
Trustpilot Reviews
10,055
+9
(7d)
HQ
Australia Regulation
Platforms
MetaTrader 4 
MetaTrader 5 
cTrader 
TradingView 
IRESS 
Trustpilot Reviews
6,924
+83
(7d)
HQ
Australia Regulation
ASIC (Australia) VFSC (Vanuatu) FSA (Seychelles)
Platforms
MetaTrader 4 MetaTrader 5 cTrader TradingView 
Trustpilot Reviews
52,920
+169
(7d)
HQ
Australia Regulation
Platforms
MetaTrader 4 MetaTrader 5 cTrader TradingView 
Trustpilot Reviews
3,258
+7
(7d)
HQ
New Zealand Regulation
FMA (New Zealand) FSA (Seychelles)
Platforms
MetaTrader 4 MetaTrader 5 cTrader TradingView 
Trustpilot Reviews
433
HQ
Australia Regulation
ASIC (Australia) VFSC (Vanuatu) FSA (Seychelles)
Platforms
MetaTrader 4 MetaTrader 5 
Trustpilot Reviews
3,215
+3
(7d)
HQ
Australia Regulation
ASIC (Australia) FSC (Mauritius)
Platforms
MetaTrader 4 MetaTrader 5 cTrader TradingView 
Trustpilot Reviews
12,252
+46
(7d)
HQ
Australia Regulation
Platforms
MetaTrader 4 MetaTrader 5 TradingView 
Trustpilot Reviews
6,234
+70
(7d)
HQ
Australia Regulation
Platforms
MetaTrader 4 MetaTrader 5 
Trustpilot Reviews
1,075
+0
(7d)
HQ
Mauritius Regulation
Platforms
MetaTrader 4 MetaTrader 5 
Trustpilot Rating
Trustpilot Reviews
0
+0
(7d)
HQ
United Kingdom Regulation
FCA (UK) CySEC (Cyprus) FSCA (South Africa) FSA (Seychelles)
Platforms
MetaTrader 4 MetaTrader 5 TradingView FP Markets vs Fusion Markets - Comparison of Top Firms in This Guide
FP Markets vs Fusion Markets - Forex Broker Comparison (April 2026)
Head-to-head comparison of FP Markets and Fusion Markets. Check max funding, profit splits, daily and overall drawdown rules, leverage, tradable assets, payout frequency, payment and payout methods, trading permissions and KYC restrictions before you buy a challenge. Data refreshed April 2026.
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FP Markets
Australian ECN Forex & CFD Broker
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Fusion Markets
Low-Cost Australian ECN Broker
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|---|---|---|
| Overview | ||
| Trustpilot Rating | 4.8 | 4.8 |
| Trustpilot Reviews | 10,055 | 6,924 |
| Headquarters | Australia | Australia |
| Founded | 2005 | 2019 |
| Best For | Low Spreads ECN Trading Scalping Algo Trading Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional | Low Spreads Scalping Algo Trading Day Trading Copy Trading Low Deposit High Leverage Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Trust & Safety | ||
| Regulation | ASIC (Australia) CySEC (Cyprus) FSCA (South Africa) FSA (Seychelles) CMA (Kenya) | ASIC (Australia) VFSC (Vanuatu) FSA (Seychelles) |
| Fund Segregation | ✅ Yes | ✅ Yes |
| Negative Balance Protection | ✅ Yes | ✅ Yes |
| Compensation Scheme | Up to €20,000 under CySEC ICF | None |
| Trading Costs | ||
| Min Spread | From 0.0 pips (Raw), From 1.0 pips (Standard) | From 0.0 pips (Zero), From 0.9 pips (Classic) |
| Commission | $3/lot/side (Raw), None (Standard) | $2.25/lot/side (Zero), None (Classic) |
| Swap-Free (Islamic) | ✅ Yes | ✅ Yes |
| Inactivity Fee | None | None |
| Deposit/Withdrawal Fees | No deposit fees. Bank withdrawal A$10 international. E-wallets free | No deposit or withdrawal fees. International bank wire may incur $30 bank fee |
| Trading Conditions | ||
| Max Leverage | 1:500 (Global), 1:30 (EU/AU retail) | 1:500 (Global), 1:30 (AU retail) |
| Min Deposit | $100 | $0 |
| Execution Type | ECN | ECN |
| Stop Out Level | 50% | 20% |
| Margin Call Level | 100% | 90% |
| Instruments | 70+ Forex 10000+ Stocks 12 Indices 3 Commodities 4 Metals 2 Energies 5 Crypto ETFs Bonds | 90+ Forex 110+ Stocks 15 Indices 4+ Commodities 9 Metals 3 Energies 13 Crypto |
| Currency Pairs | 70 | 90 |
| Min Lot Size | 0.01 | 0.01 |
| Platforms & Tools | ||
| Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView IRESS | MetaTrader 4 MetaTrader 5 cTrader TradingView |
| Mobile App | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ✅ Yes |
| Expert Advisors (EA) | ✅ Yes | ✅ Yes |
| VPS Hosting | ✅ Yes | ✅ Yes |
| API Access | ✅ Yes | ✅ Yes |
| Education | Webinars Video Tutorials Forex 101 Articles Trading Guides Podcast | Blog Articles Trading Guides Demo Account |
| Account & Support | ||
| Account Types | Standard Raw Islamic IRESS Demo | Zero Classic Swap-Free Islamic Demo |
| Payment Methods | Credit/Debit Cards Bank Wire PayPal Skrill Neteller UnionPay Crypto Apple Pay Google Pay | Credit/Debit Cards (Visa Mastercard) Bank Wire PayPal Skrill Neteller FasaPay Perfect Money Crypto (Bitcoin) |
| Withdrawal Speed | Same day (e-wallets), 1-2 days (cards), 3-5 days (bank wire) | Same day (e-wallets/PayPal), 1-5 days (cards), 3-5 days (bank wire) |
| Support Hours | 24/7 Live Chat, Email, Phone | 24/7 Live Chat, Email, Phone, WhatsApp |
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