Tico Posted April 26, 2014 Share Posted April 26, 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...
myregister Posted November 10, 2014 Share Posted November 10, 2014 There are a lot of ECN based broker that we could find outside, you just google it by "Best ECN broker". One of the best option that i can give to you is Interactive Broker, i know this sound a bit off because it has high minimum deposit but Interactive Broker is trustable broker and they have clients from big instuition to retail traders from over the world. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted November 13, 2014 Share Posted November 13, 2014 now a lot of people interested in the forex business because a lot of the convenience offered. one of the main attraction is the ease of access to trading and market liquidity. now, we can deposit money in forex broker to trade either a market maker or ECN.I am now more prefer to use ECN brokers, ECN broker provides you direct access to the market. The broker earns only from commissions paid by the customer. Armada Markets is one of ECN broker, the broker has a speed of execution and low spreads are needed by traders to do scalping to Achieve maximum profit. this is usually the main thing when traders decide to choose the right broker for scalping. based on my experience, Armada Markets gives traders especially for scalpers with very good platforms. Quote Link to comment Share on other sites More sharing options...
myregister Posted January 21, 2015 Share Posted January 21, 2015 ECN for sure provide us a direct market access more than STP or DMA type broker can offers. But the price that you must pay is lower leverage and also bigger minimum deposit, at the moment i don't have any courage to use lower leverage and also bigger equity in my hand, so i will pass ECN even i want to trade there badly. Quote Link to comment Share on other sites More sharing options...
standart Posted February 6, 2015 Share Posted February 6, 2015 there are traders who won't to take scalping approach, and they are take advantage on the ECN availability. this account offering small spread range. which enabling us to perform scalp and take quick profits, if we are has target. however, it serve floating spread rate. which it will increase during high impact news. Quote Link to comment Share on other sites More sharing options...
myregister Posted March 9, 2015 Share Posted March 9, 2015 ECN is a good type broker for overall trader but let me remind you that ECN has one disadvantage where many people does not like their leverage sometimes does not high enough to support your small capital, that is why in ECN most of them has high minimum deposit. Some good ECN such as InteractiveBroker or Dukascopy are good enough to try. Quote Link to comment Share on other sites More sharing options...
Anne Morris Posted March 27, 2015 Share Posted March 27, 2015 If anyone wants to be successful then he should definitely be looking at trading with a true ECN broker because this will give him insurance that he is not going to get cheated instead he will always get full proof results whether it’s positive or negative. I have been trading with OctaFX broker and with them I have zero worry since they are a true ECN Brokerage company and also have won the award for Best ECN Broker in the world. Quote Link to comment Share on other sites More sharing options...
myregister Posted March 31, 2015 Share Posted March 31, 2015 Well actually you don't have to since DMA and STP brokers already enough for traders who prefer flexibility in leverage. But if you are scalpers or someone who are very sensitive to spreads and total money you must spend per trading then true ECN is important for you. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted April 1, 2015 Share Posted April 1, 2015 I am now more prefer to use ECN brokers, ECN broker provides you direct access to the market. The broker earns only from commissions paid by the customer. TICKMILL is one of ECN broker, the broker has a speed of execution and low spreads are needed by traders to do scalping to Achieve maximum profit. this is usually the main thing when traders decide to choose the right broker for scalping. based on my experience, TICKMILL gives traders especially for scalpers with very good platforms. Quote Link to comment Share on other sites More sharing options...
my name Posted April 1, 2015 Share Posted April 1, 2015 manny people connect to the market through ecn and they can make trade online to get profit and earn money while staying at home which is so best for us that we can earn moneg while staying st home but one thing these broker csn also earn in the form of commision they charge commision on each trade which is his earning in the market .it depound upon us how we trade Quote Link to comment Share on other sites More sharing options...
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