subject: ECN Forex Broker [print this page] Well, the layer most of the people are the market makers (another name for it is "bucketshops"). These brokers make a lot of publicity. They offer free mapping packages. This is what you think of when you think about Forex brokers.
But there is another kind of Forex brokers. They are ECN (electronic communication networks). These brokers are not as strong advertising. They (usually) no mapping packages. They are hiding something.
Why this is important to know ECN broker? Let me explain. Broker Market Maker (as those that advertise a lot to act) are actually against you.
Yes, exactly. They make "the market." Take the opposite side of your order. They also know exactly where your decisions.
Magnificent. . .
Guess what happened next. Exactly. You start your sniping stops. Gradually, they empty your account. How do you think they do not give free advertising and mapping packages? Well. . . Well, now you know this.
Anyways second ECN brokers offer spreads very small (usually about 1 pip) pulses a small commission (usually around 0.5 a PIP). The Commission, as they earn their money. They are the market makers. To customize your order with another order. ECNs do not trade against you.
You can scalp, commercial messages, whatever. They do not care. They enable the market, how you want to make. The real future of Forex Brokers ECN. I hope you will like my article and helpful.
