Top 5 ECN Forex Brokers in the USA for 2021: A Comprehensive Review


Title: Top 5 ECN Forex Brokers in the USA for 2021: A Comprehensive Review


When it comes to trading in the forex market, finding a reliable and reputable broker is crucial for success. ECN (Electronic Communication Network) brokers have gained popularity due to their transparent and direct access to the interbank market. In this article, we will review the top 5 ECN Forex brokers in the USA for 2021, analyzing their key features, trading conditions, and overall reputation.

1. Interactive Brokers:

Interactive Brokers is a well-established brokerage firm that offers ECN trading to both retail and institutional clients. With its sophisticated trading platform, Trader Workstation (TWS), traders can access multiple asset classes, including forex, stocks, options, and more. Interactive Brokers provides direct market access (DMA) with competitive spreads and low commission fees. It also offers advanced trading tools and research resources to support traders in making informed decisions.



OANDA is a renowned name in the forex industry, known for its strong regulatory compliance and transparent pricing. As an ECN broker, OANDA connects traders directly to liquidity providers, ensuring competitive spreads and fast execution. The broker’s proprietary trading platform, OANDA Trade, offers a user-friendly interface and a wide range of analytical tools. OANDA also provides educational resources, including webinars and tutorials, to assist traders of all levels.

3. is a trusted ECN broker that caters to both beginner and experienced traders. With its powerful trading platform, MetaTrader 4 (MT4), traders can access a diverse range of markets, including forex, commodities, and indices. prides itself on its low spreads and reliable execution. The broker also offers a range of educational materials, such as trading guides and market analysis, to help traders enhance their skills and knowledge.

4. IG:

IG is a globally recognized broker that offers ECN trading services to US-based traders. With its intuitive trading platform, IG provides access to a wide range of financial instruments, including forex, stocks, commodities, and cryptocurrencies. IG offers competitive pricing, with tight spreads and low commissions. Traders can also benefit from IG’s comprehensive research tools, including real-time market data and analysis. The broker’s educational resources, such as webinars and seminars, are also highly regarded in the industry.

5. TD Ameritrade:

TD Ameritrade is a reputable broker that offers ECN trading through its platform, thinkorswim. With its advanced charting capabilities and customizable interface, thinkorswim provides traders with a seamless trading experience. TD Ameritrade offers competitive spreads and a diverse range of tradable instruments, including forex, stocks, options, and futures. The broker also provides educational resources, such as video tutorials and articles, to help traders improve their trading skills.


Selecting the right ECN Forex broker is crucial for any trader looking to navigate the forex market successfully. The top 5 ECN Forex brokers in the USA for 2021, including Interactive Brokers, OANDA,, IG, and TD Ameritrade, offer a range of features and trading conditions that cater to the needs of traders at various experience levels. With their transparent pricing, fast execution, and comprehensive research tools, these brokers provide traders with a solid foundation for achieving their trading goals. It is always recommended to conduct thorough research and consider individual trading preferences before choosing a broker that aligns with your requirements.