ECN brokers attract attention because they offer direct market access, eliminate conflicts of interest with traders, and often reduce trading costs by charging volume-based trading commissions on top of tight spreads.
To test these various brokers, we opened a live trading account and deposited some money. As part of our testing, we confirm their status as an ECN broker by studying their client agreements and reviewing their trading fees to ensure they always have variable spreads with additional commissions. We can verify that there is no trading desk, that we experienced slippage, both positive and negative, and that no trading restrictions were in place. Here is the best ecn broker in the world, by comparison, and how to identify them.
What is an ECN Broker?
ECN brokers connect traders to a network of liquidity providers, unlike Market Maker/Market Movers brokers who carry out trades on their books.
ECN stands for …