What is the best ECN forex broker?

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Old Feb 15, 2017, 1:41pm   #1
Joined Jun 2016
What is the best ECN forex broker?

Hi, I wonder if what are the other ECN forex brokers existing in the market?
I would like to share a conversation on how it gain success on forex trading.
SweetAnalyst is offline Other (Please email T2W with details)   Reply With Quote
Old Feb 24, 2017, 8:03am   #2
Joined Sep 2012
How do you define the best ECN broker? Please advise.
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Old Mar 3, 2017, 7:50am   #3
Joined Sep 2013
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Originally Posted by SweetAnalyst View Post
Hi, I wonder if what are the other ECN forex brokers existing in the market?
I would like to share a conversation on how it gain success on forex trading.

What do you mean under ECN brokerage? No market-making? Liquidity from several LP's? Traders often confuse this notion as they heard somewhere that any quality brokerhouse should be featured with ECN, but don't understand what are its advantages.
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Old Mar 6, 2017, 10:09am   #4
Joined Jan 2017
You can find the info on the brokers' websites.
There may be some honest information sometimes Why sometimes? The majority of marketmakers tell people they are ecn , but in fact they even don't have liquidity providers (I won't tell the names, but you will meet such companies while researching).
I chose the one I work with as they HONESTLY told about a mixed business model. People who want to trade on ecn do it, people who don't care choose classic or cent accounts

You may also ask the support. But read reviews and forums prior to choosing a company
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Old Mar 8, 2017, 8:38am   #5
Joined Sep 2013
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Originally Posted by alextrader79 View Post
You can find the info on the brokers' websites.
There may be some honest information sometimes Why sometimes? The majority of marketmakers tell people they are ecn , but in fact they even don't have liquidity providers (I won't tell the names, but you will meet such companies while researching).
I chose the one I work with as they HONESTLY told about a mixed business model. People who want to trade on ecn do it, people who don't care choose classic or cent accounts

You may also ask the support. But read reviews and forums prior to choosing a company
They do provide information that they may act as a counterparty on some instruments. Just lurk into Нotforex ToS. Although I'm quite comfortable with market makers too.
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Old Mar 9, 2017, 8:33am   #6
Joined Jun 2016
SweetAnalyst started this thread
Quote:
Originally Posted by alextrader79 View Post
You can find the info on the brokers' websites.
There may be some honest information sometimes Why sometimes? The majority of marketmakers tell people they are ecn , but in fact they even don't have liquidity providers (I won't tell the names, but you will meet such companies while researching).
I chose the one I work with as they HONESTLY told about a mixed business model. People who want to trade on ecn do it, people who don't care choose classic or cent accounts

You may also ask the support. But read reviews and forums prior to choosing a company

Thank you Alexander! I agree with you, where in fact there are a lot of unreliable companies existing which offers promising services yet getting bad reviews.
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Old Mar 10, 2017, 12:15pm   #7
Joined Jan 2017
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Originally Posted by gerryg View Post
They do provide information that they may act as a counterparty on some instruments. Just lurk into Нotforex ToS. Although I'm quite comfortable with market makers too.
Of course, everything depends on WHAT kind of marketmaker it is
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Old Mar 10, 2017, 12:18pm   #8
Joined Jan 2017
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Originally Posted by SweetAnalyst View Post
Thank you Alexander! I agree with you, where in fact there are a lot of unreliable companies existing which offers promising services yet getting bad reviews.
Such situations are widespread and no one is insured, unfortunately...
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Old Apr 2, 2017, 1:01pm   #9
Joined Mar 2017
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Originally Posted by bigmistake View Post
How do you define the best ECN broker? Please advise.
Yeah, that's interesting point. I am also interested to learn a lot about this matter.
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Old Apr 2, 2017, 3:49pm   #10
Joined Feb 2017
CapMar.

Unfortunately they won't be accessible to you unless you have at least £250k to trade.

But you did ask...
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Old Apr 2, 2017, 7:09pm   #11
Joined Sep 2013
I'm really amused to read those comments where people have no clue about consistently winning trading but demand something that won't help them at this stage. I would say they rationalize their impotence in trading blaming brokers for it. That's incorrect approach, imo.
Start from yourself before you can really know what are your requirements for ideal broker.
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Old Apr 2, 2017, 8:23pm   #12
Joined Feb 2017
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Originally Posted by gerryg View Post
I'm really amused to read those comments where people have no clue about consistently winning trading but demand something that won't help them at this stage. I would say they rationalize their impotence in trading blaming brokers for it. That's incorrect approach, imo.
Start from yourself before you can really know what are your requirements for ideal broker.
Gerry, Gerry, you're such a cynic. As an experienced trader would you advise someone to practice on a spread marked up by 500% or by using a proper OTC matching engine with the underlying spread and paying commission? If you had the choice?

It strikes me that effort spent beating the Euro on a 1 point spread is something of a waste of time. I also have no idea how anyone scalps on such a spread, consistently. Presumably nobody actually does it for a living.
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Old Apr 8, 2017, 3:26pm   #13
Joined Sep 2013
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Originally Posted by Fill_Or_Kill View Post
Gerry, Gerry, you're such a cynic. As an experienced trader would you advise someone to practice on a spread marked up by 500% or by using a proper OTC matching engine with the underlying spread and paying commission? If you had the choice?

It strikes me that effort spent beating the Euro on a 1 point spread is something of a waste of time. I also have no idea how anyone scalps on such a spread, consistently. Presumably nobody actually does it for a living.
Well first of all I wouldn't call myself experienced, still learning hard to earn those pennies

Second is, you are carrying the case to the extreme. Competition in the broker market is a primary catalyst for service improvements and playing dirty quickly turns well-established business footing into walking on the rope.

Thirdly, not blaming myself in my mistakes means lose the opportunity to learn. Exculpating myself blocks the path of self-development, so you have to be in constant process of picking holes in yourself.
That's my philosophy
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Old Apr 9, 2017, 12:38pm   #14
Joined Feb 2017
I don’t have any problem with MM or ECN unless the broker is well regulated. I believe it is your trading style which is more important. I won’t go if that broker has no FCA regulation and well market reputation. No authority has the same degree of trust as FCA does!

It would be very tough to compare between ECN brokers by trading environment. Most of the ECN brokers offer lighting fast execution and no requote these days. However, I prefer ECN broker with lower commission for my Scalping. I switched to a ECN broker called Tickmill and I am happy so far.

Actually, I am a Price Action trader in daily chart but as you know market turmoil is very high recently. Nobody knows what Mr.Trump is going to do next with Syria and Russia. France election is playing vital role as Le Pen wants Frexit, OPEC is next and so much more.

I switched to my scalping strategy unless these changes and lower spread ECN is vital to scalp.
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Old Apr 10, 2017, 7:14pm   #15
Joined Sep 2013
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Originally Posted by Agne35 View Post
I donít have any problem with MM or ECN unless the broker is well regulated. I believe it is your trading style which is more important. I wonít go if that broker has no FCA regulation and well market reputation. No authority has the same degree of trust as FCA does!

It would be very tough to compare between ECN brokers by trading environment. Most of the ECN brokers offer lighting fast execution and no requote these days. However, I prefer ECN broker with lower commission for my Scalping. I switched to a ECN broker called Tickmill and I am happy so far.

Actually, I am a Price Action trader in daily chart but as you know market turmoil is very high recently. Nobody knows what Mr.Trump is going to do next with Syria and Russia. France election is playing vital role as Le Pen wants Frexit, OPEC is next and so much more.

I switched to my scalping strategy unless these changes and lower spread ECN is vital to scalp.

Ok so how did you figure out that your broker is ECN? Any distinguishing features you can share with newbies?
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