Pros and Cons of ECN Forex Brokers - ForexNewsNow

US based day traders.

Looking for the tightest spreads I can find. What broker do you guys use and is there a specific account type you use on that broker? Been doing some research and comparing and IG, Forex.com and Oanda and they all have their pros and cons but none of them seem to be anything to get excited about. I wish we had access to IC markets or a true ECN Broker.
submitted by noto777 to Forex [link] [comments]

Choosing the right broker

Hello!
I am ready to dive in the world of trading and after my basic education I am starting to pappertrade. I figured out that I sould choose from now the boroker I am gonna use in the future to get used to the platform. The problem is that there are WAY to many brokers out there and its hard to choose. I need your help reddit!

What I need:
- I am mainly gonna daytrade forex, maybe some stocks and futures at the future.
- Low commisions, fees & spreads! I'm thikning of taking trades on small timeframes (5-20 mins , or a few hours). I am looking for a true ECN with comission model. I dont want conflict of interests with my broker
- A good platform. I don't like MT4. I liked cTrader.
- No requotes - No slippage - Fast executions!
- Leverage. I need at least 1:200 , so I probably need a broker in Australia (?)
- No problems with withdrawals.
- Regulation and good reputation! I don't want to loose my money!
- Low minimum deposit! I'm thinking about starting with 1000 euros, maybe 2000 max.

Brokers I have found surfing the net:
- Interactive Brokers
- Saxo bank
- IG
- Dukascopy
and the cTrader brokers:
- IC markets
- Pepperstone
- FxPro
- Roboforex

What do you guys think? Have you got any experience with those guys? What would you suggest? All comments and extra info are welcome!
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Coinexx Review - The Crypto FX Broker

Coinexx.com is one of the new- gen hybrid Crypto Forex Broker. They offer Forex CFDs, Commodities, Indies and Crypto pairs for trading. The competitive spreads, low commissions and good trading conditions are getting the broker rave reviews.
Coinexx doesn’t require any identity verification for traders to set up an account. The broker has a strict “no fiat” policy meaning you cannot deposit in traditional fiat currencies. They offer 25 crypto currencies to deposit and withdraw at no cost. The deposits are auto & instant and withdrawals within 24 hours. They offer both metatrader platforms, i.e. MT4 and MT5 to clients to trade on their ECN account. The traders can choose between a BTC, BCC, LTC, USD and ETH base currency account.
What Stands Out
- Any to Any deposit & withdrawals between 25 altcoins
-Tight Spreads- 500X leverage and leveraged crypto pairs
-Commission at just $2 per lot, lowest from our list of brokers
- No Verification Anonymous Account Opening
- Accepts US clients, Canadian Clients and is NON ESMA
- Live Chat Support 24/5 (unusual for a Crypto Broker)
- Trust Factor – 5/5 stars
Con –
MT4 Missing. The broker argues that since Meta Quotes will not be updating MT4 and all ultimately MT4 brokers will have to transition to MT5 so they decided to offer MT5 only. More of their business decision not a Con per say. [Update: Coinexx is now offering MT4 platform to traders]
Scam Alert – NIL
PS: the review is based on facts collected from internet as well as other forums and after testing the broker's live account by our moderators. Let us know what you think about the broker in the comments below and/or if you hold a different view that what has been said above.
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Breaking News: Coinexx acquired FinPro Trading.

What does this mean for FinPro Trading traders?
You will continue to trade on the same MT4 trading terminal that you are currently using at Finpro, with your existing MT4 login ID/Password. The commission charges will continue to be the same while the spreads will become better than what they used to be at Finpro.

submitted by PetersonPaul7 to CryptoForexBrokers [link] [comments]

So hard to find a broker..

Seriously.. I´ve been with FxPro, they are ok i guess? but still reading some bad reviews about them and being a Cyprus broker is not the best thing either..
So i went with Fxcm tried out their platform with a small deposit, was about to deposit more when i read an email about "Account termination" so apparently they just terminated my account without giving any reasons..
So i check out Oanda where this youtube trader trades.. i read they are a pure market maker.. and i just cant see myself trading knowing they are loosing from my winnings..
Then we have the other 100billion forex brokers, Freshforex, Hotforex, Coldforex, insertrandomnameForex.. Fake reviews, deposit bonuses, ECN, this and that..
Why cant this be easy? I dont need bragging "spreads" "amazing execution speed that beats speed of light" i dont need hot chicks on front page, nor Barcelona sponsorship..
Here i am planning on living of Forex, i´ve solved all the problems after 3 years I have a winning strategy I have a winning mentality Who would have guessed that finding a honest/genuine broker is the Holy Grail..
So far ive only managed to find 1 honest broker(i think), Global Prime from Australia.."We are the only broker in the world where all clients can ask for a trade receipt at any time which shows which liquidity provider took their trade" they seem to have a low key website, no bonuses, or contests..
Other than that there´s Interactive Brokers.. And thats about it..
The other 100000 brokers seem to all have some defect.. Discuss, (Also if you are a profitable trader, and does withdrawals please share your broker)
submitted by greatgreyshark to Forex [link] [comments]

what is an ecn forex broker? - YouTube ECN Forex Platform Comparison - FxPro - xTrader, MB ... Pros And Cons Of Market Maker And True Ecn Broker  Best ... EA Pros  Free Forex Robot  Model Quality 99.9% What is ECN? The advantages of trading with ECN brokers ... Money Right Now: What FOREX broker should I choose? The pros and cons of STP and ECN brokers!

The Pros of an ECN Forex broker Instant Execution. Gone are the days of the “Pit” when trades are matched manually in a usually rowdy shouting session. Technology has changed all that. Trades can now be matched with speed and accuracy at the comfort of your home through a mobile app or desktop computer provided by the ECN Forex broker. Lower Fees . Deposits are free with most ECN brokers ... One of the most intriguing issues in online Forex trading is what is a market maker, STP and ECN and what are the differences and similarities between them and what the benefits for traders are. First of all you can start by reading a more extensive overview of the aforementioned: Part1 and Part2. True ECN forex broker Pros: More often than not better bid/ask prices due to the fact that they are derived from multiple sources. You get the best bid and best ask prices at the time of trading. The possibility to trade forex on prices that have very small or even zero spreads at specific times. Real true ECN forex brokers do not trade against you as a market maker would, instead they will ... The pros and cons of using an ECN broker; How to choose the best ECN broker for you; History & Relevance of ECN Forex Trading . The modern aspect of Forex trading from mainstream FX trading companies is generally geared towards the retail trading market, which involves offering Forex brokerage accounts to small traders that invest only a small amount of trading capital when compared to the ... The pros of ECNs are the following: firstly, currency prices can be more volatile, which is better for scalping purposes; next, real ECN brokers will not trade against a forex trader since they simply forward his/her orders to a bank or another trader on the opposite side of the transaction; and, what is more, generally a forex trader is able to receive better bid/ask prices since they are ... The Best ECN Forex brokers are popular because they offer direct market access, reduce trading costs, and have tight spreads.. By providing traders with direct market access, ECN brokers avoid conflict of interest.. ECN trading accounts will usually charge a commission and have a higher minimum deposit than a standard account. Some brokers will offer ECN accounts alongside standard accounts. ECN is a type of computer software that facilitates the trading outside the market so ECN forex brokers only acts as a middle man between your trades, not as market maker. Following are the some pros and cons of using an ECN broker. These point will surely leads you toward a good decision in choosing a forex broker. Pros of using an ECN broker

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what is an ecn forex broker? - YouTube

ECN Forex Platform Comparison - FxPro - xTrader, MB Trading - MBT Desktop, Dukascopy - JForex. In this video i compare forex platforms, liquidity, graphical ... In this video i compare forex ... Robson Hayashida explains to Masumi Hirasawa the pros and cons of STP and ECN brokers using concrete and easy-to-understand examples. Start making money right now by opening a forex account. All ... Pros And Cons Of Market Maker And True Ecn Broker Best Forex Broker For Trading Hindi-Urdu Video Registration Link Forex Brokers : https://goo.gl/JRFCZe ... ECN (Electronic Communications Network) is a trading network of leading financial institutions and individual traders, which is aimed to execute trades in a ... Looking for the best forex broker? Your search is over. Follow our Youtube channel, and in particular, this playlist to evaluate the pros and cons of online forex brokers and choose on the basis ... To learn about what an ECN Forex broker is, visit ForexSignals (link: https://bit.ly/2CCFsbS) we're available inside the trading room to explain the differen... EA Pros $ 1000 to $7463462.00 in 1 Year! Free Forex Robot. No grid, no martingale. EA Pros open only one positions with TP and SL. Best results on the ECN account.

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