An electronic candle includes a casing, a wick assembly, and a light source module. The casing has a top provided with an opening, the opening has an end internally provided with a support, and the support is provided with an aperture. The wick assembly includes a wick element having a wick plate and a counterweight element having a counterweight block. The wick plate has an end provided with a first connecting rod. The counterweight block has an end provided with a second connecting rod. The first connecting rod extends through the aperture and is connected with the second connecting rod in order for the wick assembly to swing freely while supported by the support. The light source module is provided in an interior of an opposite end of the opening and which is composed of at least three LEDs so arranged as to project light to the wick plate.