ECN trading Forex Brokers List

By Admin / Dec 24, 2023

An ECN (Electronic Communication Network) Forex broker is a type of Forex broker that provides traders with direct access to the interbank Forex market. Instead of acting as a market maker, an ECN broker connects traders with liquidity providers such as banks, hedge funds, and other traders to provide access to the best available prices and deepest liquidity.

Here are some key features of an ECN Forex broker:

  1. 1. Direct Market Access: ECN Forex brokers offer traders direct access to the interbank Forex market. This means that trades are executed directly with liquidity providers, bypassing the middleman.

  2. 2. Low Spreads: ECN brokers offer traders low spreads because they pass on the best bid and ask prices directly from liquidity providers. The spreads on ECN accounts are usually lower than those on standard accounts.

  3. 3. No Dealing Desk: ECN brokers do not have a dealing desk, which means that they do not take the other side of the trade. Instead, they connect traders with liquidity providers who act as the counterparties.

  4. 4. No Re-quotes: ECN brokers do not re-quote prices, as trades are executed at the best available price in the market. This means that traders can execute trades quickly without worrying about order delays.

  5. 5. Transparent Pricing: ECN brokers provide traders with transparent pricing, as they display the best bid and ask prices and the depth of the market.

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