General ECN brokers: who are they and what is their benefit?

[mhmo2005]

When it comes to the forex or currency market, you probably hear the phrase — ECN broker. Many use these two words frequently without even realizing their true meaning. If you are just starting your journey in the currency markets, you are probably curious to know what ECN brokers are, who they are and how they can help you. This guide will provide you with detailed information about ECN brokers and explain the benefits you can gain from dealing with them. let's start! What is an ECN broker? An ECN broker is a brokerage firm that operates through the Electronic Communication Network to facilitate trading in the currency exchange markets. An ECN broker is responsible for passing your orders to the interbank market or liquidity providers. This means that your trades are continually matched with those of other traders within the real market (which acts as an exchange to facilitate exchanges). There are many ECN brokers that you can open an account with, but before taking this step it is necessary to compare different brokers across sites like EarnForex to help you make the right choice throughout your journey.

 

[Fin_Trader]

I also chose this broker for trading. I like that the ECN account has instant order execution and small spreads, which is important for me as an intraday trader and gives me the opportunity to make quick trades even for a small number of points and earn on it.

 

[Fxzombie]

The advantages of ECN brokers are typically tight spreads starting from zero, low commissions, no conflict of interest between broker and trader because the broker only takes profit from transaction fee and a wider market with more than 600 instruments

 

[Fin_Trader]

Also, with such a broker, you can start your acquaintance with real trading after demo training with a very small amount on an ECN account. For example, with my broker, you can start trading on such an account with only $ 100, which is available to many beginners.