It is often referred to as straight through processing as well. ECN or electronic communications network are types of mini networks where trading activity takes place. An ecn broker facilitates trades between the retail trader and the liquidity provider which is the counter party to your trades.
The main benefit of trading with an ecn broker is that there is no conflict of interest. In return for this 'service' the retail trader either pays a commission or a spread mark up, or at times both. The following comparison table below at Allfxbrokers. If you are looking to trade with an ecn broker, pay attention to whether firstly the minimum deposit requirements matches your trading capital and then look at the fees.
It is ideal to choose an ecn broker that charges only a commission or only a spread mark up. Of course, needless to say, cheaper the costs, better it is for the retail trader. Traders should also bear in mind that the minimum deposit is usually higher when trading with an ecn broker, compared to a market maker. Trading Forex, CFDs and other leveraged derivatives is considered a high risk investment and may not be suitable for everyone.
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Customization cookies that allow users to access services according to their preferences language, browser, configuration, etc.. Analytical cookies which allow anonymous analysis of the behavior of web users and allow to measure user activity and develop navigation profiles in order to improve the websites. Alfa Trade UK Ltd. Decreasing commission depending on Deposit, Equity and Traded Volume.
NetoTrade Global Investment Ltd. Pacific Financial Derivatives Ltd. Commission on Prime accounts is charged only when a trading position is opened.More...