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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

BrokerGuru

April 7, 2009

All ECN brokers charge commission, while STP brokers may or may not.
Latitude Fx belongs to STP(NDD) brokers.

BrokerGuru

April 7, 2009

I've checked with both Alpari: Alpari UK and Alapri US.

Alpari UK said: "We are neither a market maker nor a no dealing desk.
We use the prime brokerage model which uses 3rd party market price feeds, but have a 24/5 dealing desk to cover trades beyond a certain limit and for the convenience of customers should their platform fail."

Alpari US said: "According to the NFA all Forex Dealer Members are considered market makers."

Update: Alpari US and UK are working on introducing new ECN environment shortly.

trader

April 7, 2009

What abt GoMarketsAus.com?

Is it STP/ECN or DD? Their charts look more stable without large spikes

BrokerGuru

April 7, 2009

www.gomarketsaus.com states:
By definition we are classed as a market maker as the majority of FX providers are, however we do not operate a dealing desk and simply pass all trades through to hedging partners. There is no spread widening or stop-hunting etc.

trader

April 8, 2009

Alpari (UK) claims that he is a non dealing desk and STP broker..

trader

April 11, 2009

An NDD broker can either charge a commission for trading or choose to increase the spread and make trading commission free.
No Dealing Desk brokers are either STP or ECN+STP.
I find this rather unclear, how the NDD broker without the desk canchange the spread? I though that NDD can't do anythigng about the data
feed, just to send it to the trading platform of his clent?
What about the ECN, can they manipulate the data feed coming to their clients? and also charge the commission on top? Would be this illeagal?

trader

April 13, 2009

wow what a site love it


trader

April 13, 2009

What about OneCorpFx and the CollectiveFx?

trader

April 16, 2009

i got an email today from forex-metal claiming to be STP....anyone with infor to confirm what they claim...?

trader

April 18, 2009

what of easy forex ltd? what are they

BrokerGuru

April 18, 2009

Forex Metal is a market maker.
Easy Forex is a market maker.
OneCorpFX is an STP.
The CollectiveFX is an STP too.

ECN brokers are the purest breed among all Forex dealers. They don't profit on spread difference. Their only profit comes from commission.
STP brokers make money on spreads, thus even though they do not have a physical dealing desk to monitor and counter-trade client orders, they are still able to set their own price - the spread - for routing trading orders to Interbank and providing higher liquidity and faster execution to their clients.


trader

April 25, 2009

What about forex.com? Is it STP/ECN or DD?



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