Best ECN broker and why pls?

Discussion in 'Brokers' started by Zack King, Mar 8, 2019.

  1. Zack King

    Zack King Member

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    I like to use multiple brokers so i never restrict myself with trading with one or two, so am looking for more brokers who offer a variety of crypto pairs to trade and also scalp, so I am looking for tight spreads too. Any suggestions?
     
  2. jack

    jack Administrator Staff Member

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    What area of the world are you in?

    US or Euro? Or Aus?
     
  3. Zack King

    Zack King Member

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  4. jack

    jack Administrator Staff Member

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    Ones to consider: LMAX, Amp Global, Dukascopy, Pepperstone
     
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  5. Zack King

    Zack King Member

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    thanks for suggestions will check them out
     
  6. risk reward ratio

    risk reward ratio New Member

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    and also IC Markets
     
  7. jack

    jack Administrator Staff Member

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    If the requirement isn't ECN, then Darwinex is wroth checking out.

    I don't like the marketing term "ECN" in retail forex. Few are actually limit book exchanges and most are just straight through processing (STP) to a given liquidity provider's quoted market.
     
  8. jack

    jack Administrator Staff Member

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    And on that note: keep in mind that 99% of brokers, ECN or not, are your legal counterparty... not the market (LPs) or whoever's on the other side of your exposure. Legally speaking it's the same kinda agreement you'd have with a market making broker like Oanda and "ECN" just gives you an idea of how they come up with their quotes and what extra steps have to happen before you're confirmed filled. In the end, it's just marketing jargon.
     

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