your or which has a similar legal system. This means that if you want to be very diversified, you might have another reason to consider using a market making broker in addition to or as an alternative to an ECN broker. For example, some dealing desk brokers wont let you buy or sell more than 5 lots at once. Unlike unregulated brokers that are never supervised, operating trading in any possible manner and easily faking any information or even trading execution. The Brokers that provide an ECN connection usually offer an interbank spread from.0 pips and do charge a fixed commission per lot. If not, though, this is a very big issue. The more there are liquidity providers and therefore liquidity in the system, the better the fills for the clients. USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, CNH. Deposit : 500.
Maximum Trade Size, eCN brokers usually offer much higher maximum trade sizes, as they (at least theoretically) do not have to worry about processing any order through a dealing desk. If you are making few trades but leaving your positions open for several days or even over weeks and months, you should consider how competitive are brokers are in terms of their overnight financing rates which are generally charged each day against positions left open. Although an increasing number of ECB brokers do now allow trading in microlot sizes, a few still do not, so it could be an issue if you prefer to trade in microlots. Additionally, ECN brokers tend to require higher minimum trade sizes in these kinds of non-Forex instruments. These brokers, as intermediaries between their clients and banks, receive prices (spreads) posted by the banks on the Interbank market. Admiral Markets, london Capital Group, thinkMarkets, platform. NDD No Dealing Desk NDD Forex brokers provide access to the interbank market without passing orders trough the dealing desk. They look to make business, not just work for traders in terms of cooperation in the market environment. ECN brokers typically charge lower spreads than market makers, which they compensate for at least partially by charging additional commissions on trade entries and exits which is calculated as a fixed percentage of the total value of the trade. Many large Forex brokers who have lots of clients tend to try to help their clients become profitable as much as they can, but once a trading order is placed, its everyone for themselves. Commission is the only revenue/profit an ECN broker receives.
Please can anybody recommend any true ECN /STP brokers that have the following attributes:.
Maximum leverage of 100:1.
Hands down one of the best true ECN brokers and the only retail forex broker that provides upon request a receipt showing the liquidity.
ECN Electronic Communications Network ECN Forex brokers additionally allow clients' orders to interact with other clients' orders.
ECN Forex broker provides a marketplace where all its participants (banks, market makers and individual traders) trade against each other by sending.