Monday, May 03, 2021 3:12:28 PM
ECN Brokers
ECN is an acronym for Electronic Communication Network. ECN brokers technically take orders from clients and send them directly to a pool of liquidity providers. The quoted prices displayed by ECN brokers are some of the best you will find as they come from multiple institutions and market participants.
Pros
· No price manipulation by the broker
· Lower spreads
· Faster trade execution
· All trading strategies allowed
· No requotes even during high volatility
Cons
· Large initial deposits usually required
· Commissions charged
· Spreads are variable and can be higher at intervals
https://www.mitrade.com/forex/trading-platform/trading-brokers/types-of-brokers
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