![]() ![]() IC Markets – Best ECN Broker for Beginners Other trading tools offered by the best ECN brokers include indicator packages to assist with automated trading and in-platform market analysis tools such as Trading Central or Autochartist. Trading tools: Leading ECN brokers will offer traders a free Virtual Private Server (VPS) service, guaranteeing high-quality execution around the clock. Brokers regulated by the FCA (UK), ASIC (Australia) or MAS (Singapore) have better reputations for enforcement and thus ensure their member ECN brokers strictly follow protocols designed to protect clients and their trades. Unregulated ECN brokers are dangerous as there is no way of telling if they are ECN brokers without making a deposit and opening a trade. Regulation: Regulators monitor the activities of the broker and the trading desk. Having a limited set of trading assets can negatively affect the traders, as they would miss out on trading opportunities. Tradable Assets: A good ECN broker will offer clients a larger number of FX Pairs and other CFD assets to trade. The more execution venues an ECN broker has, the more competition there will be for its client’s trades, leading to lower spreads and lower overall trading costs for traders. These third parties are called execution venues. Instead, it uses its network to place trades with third parties. Better execution quality will produce fewer unintentional losses.Įxecution venues: ECN brokers are never counterparty to client trades. ![]() A high-grade ECN broker will have fast execution speeds, which leads to less slippage in pricing between when the order is executed and when it is opened, and less order rejection due to unavailable counterparties. Trading costs for one lot of EUR/USD at ECN brokers will range from 6 USD to 18 USD, depending on the broker’s trading conditions.Įxecution quality: A combined metric used to discuss execution speed, slippage and rejection rate, execution quality describes the connection between the broker and the market and will directly impact the level of control a trader has over their positions. Trading costs on ECN accounts are a combination of the spread and a commission. Trading cost: Traders seek out ECNs brokers because of their low trading costs. When comparing ECN brokers, always consider: Where a ECN broker gets its market pricing and how fast it executes trades should always be considered alongside other more standard broker metrics. ECN brokers use high-speed networks to find the best pricing available and execute trade orders as quickly as possible. ![]()
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