Tico Posted February 23, 2014 Share Posted February 23, 2014 What is ECN Forex Trading? ECN, which stands for Electronic Communication Network, really is the way of the future for the Foreign Exchange Markets. ECN can best be described as a bridge linking smaller market participants with tier-1 liquidity providers through a FOREX ECN Broker. This linkage is done using sophisticated technology setup named FIX Protocol (Financial Information Exchange Protocol). At one end, the broker obtains liquidity from tier-1 liquidity providers (Major Banks) and makes it available for trading to its clients. On the other side, the broker delivers clients' orders to Liquidity Providers for execution. An ECN broker benefits from commission fees per transaction. The higher trading volume the broker's clients generate, the higher the broker's profitability. Quote Link to comment Share on other sites More sharing options...
Bonnie Berry Posted January 23, 2015 Share Posted January 23, 2015 I would suggest OctaFX’s name it is pure class and they have several awards like been Best ECN broker, Best Broker in Asia (twice in last 2 years) and also their customer service been rated as number one, so these are more than enough things to look at before starting with a company and we also should note that they have cTrader platform which is especially develop for ECN users so this is what makes them ultimate king of ECN zone. Quote Link to comment Share on other sites More sharing options...
myregister Posted January 25, 2015 Share Posted January 25, 2015 There are a lot of ECN brokers out there that you can try but be careful also with a broker that only can give claims that they could make some connect you to the interbank but it is not like what is said, my advice is just check that broker in regulator site first see if they are truly exist, and regulated ECN claimed broker is the best over others. Quote Link to comment Share on other sites More sharing options...
Anne Morris Posted March 29, 2015 Share Posted March 29, 2015 From what I have heard is that 60-70% of the brokers claiming to be ECN are actually desk dealers and that’s why before we select any broker we must research whether it’s really a ECN broker or just lying to attract clients. I have tried and tested OctaFX broker and their claim of been true ECN is absolutely correct. In fact, not just this but we can check their trading platform cTrader, it’s an platform develop especially for ECN trading so anyone using this will always be safe from desk dealing and this can be done only by a honest broker. Quote Link to comment Share on other sites More sharing options...
Dion Ebrahim Posted April 10, 2015 Share Posted April 10, 2015 From what I have heard is that 60-70% of the brokers claiming to be ECN are actually desk dealers and that’s why before we select any broker we must research whether it’s really a ECN broker or just lying to attract clients. I have tried and tested OctaFX broker and their claim of been true ECN is absolutely correct. In fact, not just this but we can check their trading platform cTrader, it’s an platform develop especially for ECN trading so anyone using this will always be safe from desk dealing and this can be done only by a honest broker. I agree with you mate even In my view OctaFX broker is the best ECN broker and that too by a huge margin. I am trading with them for many years and knowing them inside out, I can say with certainty that they are the most honest company I have ever witness. Also, I am never going to say that people should follow me but just checking their awards and also cTrader, it’s a platform which only a real ECN company is able to provide, so that is enough indicators about their truth. Quote Link to comment Share on other sites More sharing options...
myregister Posted April 19, 2015 Share Posted April 19, 2015 I don't follow so much right now but after some searching i got few brokers that already offering ECN account. IVBroker is old player and proven but i see that FXDD with their new ECN platform is really good, many traders have good reviews about it, with lesser bad reviews. You can try FXCM too they are a huge player in forex. Quote Link to comment Share on other sites More sharing options...
Jimmy Cook Posted May 17, 2015 Share Posted May 17, 2015 Let’s talk about a true ECN broker because I am sick and tired of broker promising to be true ECN company, but in reality they are never that and not just not been ECN company, but they are not even good brokers, so that’s why I really want to discuss about a good and a true ECN company. At the moment I am trusting only one company and that’s OctaFX broker, it is a true ECN broker and even for the moment if we don’t see that their service is so much good enough to work with them especially their 8 USD no deposit bonus, it’s the ideal launching platform for new comers like me and can help us set our future. Quote Link to comment Share on other sites More sharing options...
myregister Posted December 24, 2015 Share Posted December 24, 2015 How can you be so sure that your broker is a true ECN? True ECN is a broker that provide a trader real access to the liquidity provider. This kind of broker usually well-regulated. If i must be honest one of the example is InteractiveBrokers or Dukascopy. Those two so far which i recognized as True ECN where you are really connect to the market directly. Quote Link to comment Share on other sites More sharing options...
Ronnie Irani Posted January 2, 2016 Share Posted January 2, 2016 In my view the best ECN broker has to be OctaFX, as they have proven themselves with years of achievements, as they have won 11 awards in just 4 years, so working with such company is pretty much dream like situation. I always wanted to work with broker that I can trust and rely upon, as that is how I can make higher investment without any tension, but majority of the brokers were not trustable to me. This is where, I am so proud to find this company, as with them, I can make investment without fear, as they have instant money transactions plus huge bonus of 50% on deposit, it’s more than enough things in one company to work. Quote Link to comment Share on other sites More sharing options...
pepy Posted January 21, 2016 Share Posted January 21, 2016 As far as i know only 2 are the best ECN brokers, well i never invest there but the demo account which offered by those two brokers are good enough. Those two are InteractiveBrokers and Dukascopy, not just because they are quite popular but also reliable and use their own platform not by use Metatrader so they can access the deeper market. Quote Link to comment Share on other sites More sharing options...
Prissila Posted February 26, 2016 Share Posted February 26, 2016 In my view the best ECN broker has to be OctaFX, as they have proven themselves with years of achievements, as they have won 11 awards in just 4 years, so working with such company is pretty much dream like situation. I always wanted to work with broker that I can trust and rely upon, as that is how I can make higher investment without any tension, but majority of the brokers were not trustable to me. This is where, I am so proud to find this company, as with them, I can make investment without fear, as they have instant money transactions plus huge bonus of 50% on deposit, it’s more than enough things in one company to work. OctaFX is just one of the ECN broker, there are many other ECN brokers such instaforex, FreshForex, Roboforex and many others. Quote Link to comment Share on other sites More sharing options...
myregister Posted March 13, 2016 Share Posted March 13, 2016 @sidejob: Well that is true that TrueECN is Dukascopy which is located in Swiss, as for InteractiveBrokers also a true ECN, aside from that you can find a lot of ECN broker such as FXDD(through their ECN services which offers low spread), FXCM also offers ECN account. Quote Link to comment Share on other sites More sharing options...
Bonnie Berry Posted March 13, 2016 Share Posted March 13, 2016 Myregister did you try OctaFX? At present they are the best ECN broker in the world and it’s a proven fact with them even winning the award for same, so working with such high quality broker is always extra-ordinary and makes trading really easy as compare other brokers. I am operating their ECN account only and it is quite cool with no tension or stress of re-quotes or delay while so far the slippage has been minimum, I won’t say It’s zero but at least from my experience with other brokers it is lowest and thing that one should not really notice much while we can also get 50% cash back on all trading orders, so that makes it even better. Quote Link to comment Share on other sites More sharing options...
davidblack Posted March 14, 2016 Share Posted March 14, 2016 Great, I have account with Investex . Investex offers 30% bonus on first deposit with 0 fees on the depost. We can get bonus upto 20,000$ deposit. Investex gives an opportunity to choose convenient leverage from 1:1 to 1:500. Investex also provides news trading, hedging, scalping and etc and also Low floating spreads on all types of accounts Quote Link to comment Share on other sites More sharing options...
myregister Posted March 23, 2016 Share Posted March 23, 2016 As i said before Dukascopy included as one of the best ECN broker, or if not you should try Interactive Brokers. If you still think that need bigger amount of money you could try FXCM or FXDD ecn account. Oanda also seems good with their ECN account and most costumers feel good with it. Quote Link to comment Share on other sites More sharing options...
Bonnie Berry Posted March 24, 2016 Share Posted March 24, 2016 Now it is pretty simple that having a good/great broker directly means ECN/STP type, it is not rare either now days because every single broker tag line is we are ECN Company, but the reality often differs from that. I find figuring out this is the biggest task and if one starts with a true ECN broker then it can have really positive effect on our work. I trade with OctaFX broker, it is a true ECN company (proven), so that’s why I find everything working really well. They have even won the award as well for been the Best ECN broker, so that’s why I really enjoy things and that helps me achieve good success and that’s too fairly constantly. Quote Link to comment Share on other sites More sharing options...
Prissila Posted March 26, 2016 Share Posted March 26, 2016 I would recommed FreshForex, the company is protected by KROUFR and CRFIN licenses. It also provides one of the best trading options in the Forex currency market. According to a reaserch by Interfax, the company is in the top brokers list. Narrow spreads, withdrawal of funds within a matter of minutes, PAMM accounts, no limits on entry deposit, the unique system of hedging transactions, numerous bonuses and promotions, free Forex trading analytics, education and training services - all these and many other things make traders confident of choosing FreshForex as a reliable online Forex trading broker. Quote Link to comment Share on other sites More sharing options...
omar-profits Posted March 26, 2016 Share Posted March 26, 2016 actually I don't like ECN systems, they gives a very low leverage and the commissions on trades usually higher that the normal spread in other kinds of accounts. but if you really interested in ECN accounts I can tell you that the best places are the banks not brokers. Quote Link to comment Share on other sites More sharing options...
Prissila Posted April 23, 2016 Share Posted April 23, 2016 Great, I have account with Investex . Investex offers 30% bonus on first deposit with 0 fees on the depost. We can get bonus upto 20,000$ deposit. Investex gives an opportunity to choose convenient leverage from 1:1 to 1:500. Investex also provides news trading, hedging, scalping and etc and also Low floating spreads on all types of accounts Great, I have account with Investex . Investex offers 30% bonus on first deposit with 0 fees on the depost. We can get bonus upto 20,000$ deposit. Investex gives an opportunity to choose convenient leverage from 1:1 to 1:500. Investex also provides news trading, hedging, scalping and etc and also Low floating spreads on all types of accounts Hello, is investex a new broker, I have traded for many years but its the very first time I am hearing about your guys. Are you new in the forex? Then the Deposit bonus too great, I don;t think any reasonable broker would give that bonus! Quote Link to comment Share on other sites More sharing options...
myregister Posted April 27, 2016 Share Posted April 27, 2016 actually I don't like ECN systems, they gives a very low leverage and the commissions on trades usually higher that the normal spread in other kinds of accounts. but if you really interested in ECN accounts I can tell you that the best places are the banks not brokers. Usually higher? That is lower buddy, comissions + spread on ECN usually lower than broker which offers only spread that are STP or DMA. Brokers still reliable, there are some trustable brokers for ECN. One of them is Dukascopy, but yeah low leverage and high minimum deposit. You can try IntractiveBrokers too. Quote Link to comment Share on other sites More sharing options...
pepy Posted May 2, 2016 Share Posted May 2, 2016 Yes, based on my calculation in demo account of ECN brokers which i've ever tried. STP of course the highest amount of spread i've ever got but that is pretty normal since spread usually freaking wide when there are less liquidity on the market. I agree with omar-profits. There are some Banks which act as ECN, you can see Dukascopy is one of the example. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted May 4, 2016 Share Posted May 4, 2016 ECN broker will give his traders the best spreads possible. each type of broker has its own advantages and disadvantages; the right one for you will be the one that enables us to apply our own strategy successfully in the easiest possible way. Each broker seeks to provide the most benefit to the trader, now I try to be able to stabilize trading in TICKMILL. based on my experience is suitable to trade with scalping especially for ECN accounts. in addition, can now make changes to your account to an account free swap. Quote Link to comment Share on other sites More sharing options...
Norm O'Neill Posted July 2, 2016 Share Posted July 2, 2016 Every broker now days have same tag line of been an ECN, but there are very few who are actually true ECN, so that’s why we got to do proper homework on this and only then we will be able to figure out a broker that’s good and also ECN, but it’s never easy. I am pretty lucky that I am currently trading with OctaFX broker where I get top notch service with them been a true ECN company and proven one with winning award for it as well. Also, we can use their cTrader platform which is especially develop for ECN trading, so that’s ever so nice and helps me in many ways with no issues over slippage, re quote or such stuff, so that always leads me into comfort as far performance goes. Quote Link to comment Share on other sites More sharing options...
francmorio Posted July 13, 2016 Share Posted July 13, 2016 I would suggest FreshForex ’s name it is pure class and they have several awards like been Best ECN broker, Best Broker in Asia (twice in last 2 years) and also their customer service been rated as number one, so these are more than enough things to look at before starting with a company and we also should note that they have MT4 platform which is especially develop for ECN users so this is what makes them ultimate king of ECN zone. Quote Link to comment Share on other sites More sharing options...
skyrock Posted July 14, 2016 Share Posted July 14, 2016 Octafx,is one of the best broker which we have so far around they are the best for me and market marker was then called but now am ok with the broker which am using to trade as am very comfortable with them in almost every thing Quote Link to comment Share on other sites More sharing options...
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