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ECN brokers list | ECN/STP Forex brokers




ECN Forex Brokers

(No Dealing Desk + STP + ECN)

*To be able to compare commission rates, we list them all as "Commission per round turn (100K)",

But there are different ways of listing commission rates:

Example: $6.00 per round turn lot (100k) = $3.00 per side (100k) or $3.00 per 100K USD traded = $30.00 per million USD traded or $60.00 per million USD traded round turn = 0.006% of the trade


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Broker discussion area

trader

January 12, 2010

I want to know too.

BrokerGuru

January 12, 2010

vCap works with retail clients - $5k minimum and it'll be an STP model, while for institutional they have ECN with $25k minimum deposit.

Same with ICAP, they wok with retails, but you have to contact them to learn more.

trader

January 15, 2010

FXCBS offers a ECN commission-free account where, "commission charges have been eliminated and replaced by slightly increasing the spreads"; is this increase a same constant percentage applied to every spread and if so, would this still be considered ECN?

http://www.fxcbs.com/commission-free

trader

January 15, 2010

Could SFXB ( SwissFXBroker.ch ) be removed, please? Link no longer works, thank you.

BrokerGuru

January 20, 2010

Thank you, SFXB is removed.
FXCBS's model doesn't fall under ECN, therefore I would treat it as STP.

trader

January 23, 2010

Is Basel Financial a STP or Market Maker?

http://www.baselfinancial.com

BrokerGuru

January 23, 2010

trader

January 24, 2010

Thank for this detailed explanation of the different types of brokers. Am now better informed.

trader

January 24, 2010

If DD brokers are "making market" and trading against their clients (us) then this market must be different from real ECN market, so does this mean that trading strategies between DD market and ECN market are different?
I am choosing between two ECN brokers, "MB Trading" and "Capital Forex pro". Which one would you preffer if you compare commissions, platform quality, spreads, regulation, trust :)? thanks

trader

January 25, 2010

Is ForInvest Group a legitimate broker? They don't answer my emails.


trader

January 28, 2010

ForInvest Group???....There is an ongoing discussion on this shady company under "Forex brokers spreads comparison | Forex brokers with low spreads" section.
Also check out "Forex Peace Army" for some more on this "funny" company which has (according to their people) fast approaching 200,000 clients and is No. 1 in the Far East. But not many people have heard of them, even though they claimed they are "Best Broker 2009".

I went to read their review at "Brokers Reviews" at this site and ALL of the comments (except mine) are their own people masquerading as Clients. Even one of their Dec'09-Jan'10 Demo Competition winner (he admitted himself in a post) is working for them. So, what sort of competition do they really have when their own employees wins them anywhere?

And their IT manager (posing as one of their clients, of course) is self praising himself by posting; Quote: "I think they have some geniuses at their IT to have orders executed such fast." Unquote.

So, draw your own conclusion as to whether ForInvest is a legitimate Broker!


trader

January 28, 2010

ThinkorSwim recently introduced the following to its forex platform. "Forex:New NBBO forex commission-based trading with tighter bid/ask spreads and $1,000 contract size. Check the FX watchlist for symbols. Live inter-bank quotes will be available starting Sunday evening, December 6th. Live inter-bank trading will be available Sunday, December 20th."

Is this ECN or STP trading.

Thanks.



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