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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

March 23, 2010

@trader - You aren't a clearing agent. MBT has to handle your clearing of each trade. That has nothing to do with whether they are an ECN. They have to clear your trades, but you still get all fills against someone besides them.

trader

March 25, 2010

You have to seriously question FXOpen as being reliable and dependable. Frankly, I don't think
any serious trader should take them seriously.
Don't get sucked in by their ECN model. Just look at the way they present themselves.
It just smells scammy.

trader

March 28, 2010

I like to know something about Phillip Futures. ECN/ STP or DD

trader

March 28, 2010

I use fx primus....

trader

March 29, 2010

I mean a Singapore FX broker Phillip Futures. There r some Singapore Registered FX broker , Citi Index, GFT Asia, IG, Phillip Futures, Oanda Asia .... I want to open an acc but I cant decide yet which one is the best.

trader

March 30, 2010

Phillip Futures is STPs I ask them before but their spread is high. Not really worth.

BrokerGuru

March 30, 2010

I haven't heard about Phillip Futures broker before.
(When I visited their website is showed many errors in the popup windows. I don't feel like exploring it further because of that, sorry).

trader

April 1, 2010

Has anyone heard of AMPForex? Are they good?

Also, what about FXCM?

I am currently torn between these three:
MBTrading, AMP, and FXCM.

There is so much conflicting info out on the web that its virtually impossible to know who is telling the truth and who is lying.

trader

April 1, 2010

I tried forex.com and never got a chance to withdraw money (actually i was feeding them). Until someone told me to stay away from them and gave me this link. Does anybody know anything about ibfx?


BrokerGuru

April 1, 2010

AMPForex- I know nothing about them yet.
FXCM and MB Trading are veterans of the market, which survived good and bad times. Both offer fair dealing, but I still can't be a guarantor of their dealing services, I only collect facts.

IBFX is yet another industry veteran. All three brokers are properly regulated. It is a matter of opening a small account and give them a try - at this stage it's the best way to find out who does it best.

Their dealing conditions are very similar, with the exception that MB trading is an ECN, while the other two are STP, so when offering variable spreads, an ECN should give better quotes. But, on the other hand, with ECN you have to pay a commission on top, while with STP - don't. So it levels out the trading cost to some extent.

trader

April 4, 2010

Hallo I check 2 brokers Dukasscopy i MB trading and at MB trading. MB trading is an ECN but have fixed spread why?
And Ducascopy offer only like 0,00005 spread change. Never see 0,00008 0r samething like that.

BrokerGuru

April 7, 2010

MB Trading offers variable spreads.
I saw this page: http://www.mbtrading.com/forexSpreadsPairs.aspx
It was probably the wrong way for them to start the paragraph like that "Fixed spreads are a way for..."

What they meant is to compare fixed & variable spreads.

Regarding Dukascopy and advertised spreads overall, when they say that "it is a slow as xx pips", it doesn't mean you'll see those offers constantly, but they exist and are available when the market conditions permit.



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