Forex Bonus, Forex Contests, Forex Brokers Reviews and Specifications
A list ofECN (Electronic Communications Network) Forex Brokerswhich provide direct access to the Forex market where you can trade with other traders. ECN Broker gives better trading opportunity as it does execute your trades at the price you want, without re-quote.
ECN brokers display bid/ask prices on their trading platform based on prices from banks, traders connect to ECN and other market participants.
On ECN account, spread is floating/variable depends on market condition. Sometime, you can get 0 pip spread at very high trading activity.
A true ECN Broker does not make money from spreads but charge fixed commission per round turn. Usually, brokers offer ECN account as addition choice, you can choose between mini/ regular account or ECN when open trading account with broker. As they make money from commission, they will not trade against you reduce the risk of price manipulation!
Unlikefixed spread, its hard to calculate stop-loss on ECN account as the price is vary. Stop-loss slippage occur openly on ECN account, the same may happen for take-profit point.
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