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COMPARE ECN / STP FOREX BROKERS |
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FOREX BROKER AND RATING |
(A) SAFETY
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REGULATION: FCA UK, ASIC, CySEC, MiFID SEGREGATED ACCOUNTS: YES ISLAMIC ACCOUNTS: YES FOUND: 2010 MAIN OFFICES: Cyprus |
SPREADS: EURUSD: 1.8 pip GBPUSD: 2.0 pip USDJPY: 1.6 pip TRADING COMMISSIONS: NO
BONUS: 60% Credit Bonus (Used only as extra margin) |
LEVERAGE: 1:30 $500 minimum Deposit FUNDING METHODS: Credit Cards Bank Wire MoneyBookers Neteller |
EXECUTION: ECN / STP TRADING PLATFORMS □ MetaTrader4 □ MetaTrader5 □ Sirix WebTrader □ Mobile Traders SCALPING: YES AUTO-TRADING: YES ASSET INDEX: 80+ Currency Pairs |
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REGULATION: ASIC and CBI SEGREGATED CLIENT ACCOUNTS: YES ISLAMIC ACCOUNTS: YES FOUND: 2006 MAIN OFFICES: Ireland |
SPREADS: EURUSD: 3.0 pip GBPUSD: 4.0 pip USDJPY: 3.0 pip TRADING COMMISSIONS: NO BONUS: 30%-50% Cash Bonus (you may withdraw it) |
LEVERAGE: 1:30 $100 Minimum Deposit FUNDING METHODS: Credit Cards Bank Wire Neteller PayPal Skrill WebMoney |
EXECUTION: Dealing-Desk broker (DD) TRADING PLATFORMS □ MetaTrader4 □ WebTrader □ MirrorTrader □ 5 Mobile Traders SCALPING: NO AUTO-TRADING: YES ASSET INDEX: 55+ Currency Pairs |
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REGULATION: CRFIN SEGREGATED CLIENT ACCOUNTS: YES ISLAMIC ACCOUNTS: YES FOUND: 2008 MAIN OFFICES: Russia |
SPREADS: EURUSD: 2.0 pip GBPUSD: 3.0 pip USDJPY: 2.0 pip TRADING COMMISSIONS: NO
BONUS: 60% Credit Bonus (Used only as extra margin) |
MAX LEVERAGE RATE: 1:1000 $50 Minimum Account Size FUNDING METHODS: Credit Cards Bank Wire MoneyBookers +More Methods |
EXECUTION: ECN / Dealing-Desk broker (DD) TRADING PLATFORMS □ MetaTrader4 □ Mobile Traders SCALPING: YES AUTO-TRADING: YES ASSET INDEX: 28 Currency Pairs |
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INFORMATION ABOUT ECN / STP FOREX BROKERS
There are many advantages when trading with an ECN / STP Forex Broker compared to a Dealing Desk Broker.
- WHAT IS AN ECN BROKER?
An ECN broker is a Forex Company that uses the ECN (Electronic Communications Network) of banks to provide its clients with direct access to the Foreign Exchange market. ECN brokers have access to different liquidity providers and thus they may offer their clients tighter spreads and better trading terms than market makers. ECN Brokers are No-Dealing Desk Brokers (NDD).
- WHAT IS A STP BROKER?
An STP broker is a Forex Broker that operates a business model similar to the ECN model. A Straight Through Processing (STP) broker connects to multiple liquidity providers (banks, investment companies, etc.) and forwards its clients' trades directly to them. Traders buy or sell at the best available bid / ask prices provided by the liquidity providers. STP Brokers are No-Dealing Desk Brokers (NDD).
- ADVANTAGES OF ECN / STP FOREX BROKERS
Here are the main advantages:
(1) You don’t trade against your broker as in the case of a Dealing-Desk (DD) broker and that makes the trading process more transparent
(2) NDD brokers offer tight spreads on Forex majors based on their better liquidity
(3) ECN / STP brokers provide fast order execution and that makes them suitable for News Traders and Forex Scalpers
(4) No Re-Quotes on pricing
(5) Automated trading, scalping, and hedging are all allowed by ECN / STP brokers
(6) ECN / STP brokers offer their clients high trade sizes (you may trade up to 200 million USD in a single transaction)
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