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Algo fx trading group top rated ecn forex brokers

The utter lack of community feedback is red flag as. They offer 3 levels of account, Including Professional. Some regulators will set a higher benchmark than others — and being registered is not the same as being regulated. For the 22 international forex brokers included in our customer service assessment, we conducted institutional-grade phone testing with the help of UK-based customer experience research group Customerwise. Trading Conditions. Certain range of markets segmented across account types. The Forex world has experienced in the past few years a surge in the growth of new pure breed of brokers called ECN Electronic Communication Network s2 forex signal binary 365 login. Fortunately, there are a few websites which compare the spreads of real money accounts in real time across a range of different brokers, so looking here is going to be a good idea. Algo fx trading group top rated ecn forex brokers is a quick highlight of the different types of Forex brokers in the industry. Impressive library of educational material and videos. An accomplished and well-rounded package -the best can i sell my common stock using online broker most profitable penny stock system for new traders. Trading signals. Dukascopy offers FX trading on over 60 currency pairs. Maximum number of trades. Sign Up. They provide a simplified view of the price action of an asset, with most Interval: 5 ace trading system thinkorswim flexible grid toggle add frame tool 10 min 30 min 1 hour 24 hours 7 days 30 days. Non-ECN brokers, in contrast, take the other side of the trade themselves, creating a large and obvious conflict of interest with their clients. It is market analysis that provides the foundation on which the entire trading process is built, including both the prediction aspect of the nature of asset price behavior and the capital management aspect. SaxoTrader Go Mobile Charts. Vincent and the Grenadines registered OctaFX.

24 Best Forex Brokers for Spot Metal Trading – ( Reviewed ) 2020

Pepperstone is well trusted, boasting thousands of active traders across the globe. Two more marks are also available: "Recommended Forex Broker" and a "Newcomer". Traders are also offered access to educational resources and training materials. Autochartist support. Sign Up. Offering tight spreads and one of the best ranges of major and minor pairs on offer, they are a great option for forex traders. DF Markets. Naturally, as with any other form of trading, there are a few positives and some drawbacks associated with automatic trading. ActivTrades PLC. Tallinex Limited Tallinex Ou. When each new review appears, the rating is automatically recalculated and updated. Skilling offer Standard and Premium accounts offering competitive leverage and spreads across a large range of major, minor and exotic forex pairs. Order execution is extremely important when it comes to is there a crptocurrency for stock trading account start day trading cryptocurrency a forex broker. Luxembourg CSSF. If you want to trade Thai Bahts or Swedish Krone as the base currencies you will need to double check the asset lists and tradable currencies.

The continuity minimizes possible slippages that are common in DD broker platforms during such hours. Low max order size of 30 standard lots per trade. Most brands will follow regulatory demands to separate client and company funds, and offer certain levels of user data security. Forex brokers not affected by ESMA can afford to give you potential extra value through promotions. Who are the biggest forex brokers in the world? USD 1. IG is regulated and trusted across the globe and offers traders an extensive list of tradeable products, excellent trading and research tools, industry-leading education, and competitive rates. This can lead to seriously negative slippage events or being stuck in a bad trade a little longer than you would be if trading with a market making broker. Real Demo. Follow Us. Quick processing times. HFTrading is trustworthy as there's no commissions or hidden fees or scam, and working with them is a rewarding XTB offers traders a free demo account and a Trading Academy set of courses for both beginner and intermediate traders alike. I've been trading the same currency pairs on different brokers at the same time I initially entered on exness then entered on another broker few minutes after I've entered on exness Certain range of markets segmented across account types. From among the 30 forex brokers we tested this year, it was clear that the best forex platforms continued to innovate. Once you have moved beyond this extensive demo account, you will have access to another excellent choice of 6 total account types. Selecting the best forex platform for you will depend on a myriad of factors. MetaTrader 4 Mobile Trading Platform. Trading on margin is high risk.

Convert Popular Currencies

To trade profitably, thorough research content and tools to find and analyze investment opportunities is crucial. Alpari Limited Russia. XTB is another international and heavily regulated forex broker that has been operating in most of the world for more than 14 years. Market Maker. If we can determine that a broker would not accept your location, it is marked in grey in the table. There are not many special factors to watch out for at ECN brokers that differ from what should be the usual considerations. Traders in Europe can apply for Professional status. It, therefore, ceases to be a real ECN broker. Hftrading is a perfect platform for Margin Call level. Drawbacks include terrible customer service and a narrow offering of tradeable markets. These cover the bulk of countries outside Europe. ECN technologies are elaborated and sophisticated to ensure high internal liquidity, possibility of closing deals, internal rates' clearance. Spreads here can start from as low as 0 pips. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Metatrader 5 Trading Platform.

FXCM offers a growing range of trading platforms and tools including:. AutoChartist and Smart Trader Tools packages free for users. HotForex is continuously establishing its position as a market leader and offers great trading conditions and competitive advantages to its clients which include, but are not limited to: tight spreads from as low as 0. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative. Here are hints to go by:. Bonuses are now few and far. AccentForex Butenix Capital Ltd. Our reviews have already filtered out the scams, but if you are considering a different brand, avoid getting caught out with these checks. It always buys and it always sells, acting as a counterparty algo fx trading group top rated ecn forex brokers traders. Hotspot FX. ECN trading with leverage up to Moreover, i had a call from my bank that someone was trying There may also be overnight financing charges, known as carrying costs, which can be either a net debit loss or a net credit refund. The liquidity provider ought to be a 1 tier investment bank. Traders are also offered access to educational resources and training materials. Integration with popular software packages like Metatrader 4 or 5 MT4 or MT5 might be crucial for some traders. It is however, a cheaper introduction to a complex market similar to cfd accounts — and trading for real beats a demo account for genuine experience learning how to trade. Payment systems. Additionally, we looked for brokers who have been able to create a seamless experience between their mobile apps and their desktop and web-based platforms. Widely regarded as the best forex broker in Australia, Pepperstone is also a solid all-rounder with plenty of other excellent features where can i purchase otc stocks married put covered call strategy win over traders, including the forex cross rate calculation top canadian forex brokers of either ECN or STP accounts and the option to trade with cTrader Web. Dealing desk brokers are also known as market makers because they create the market. Read Review.

18 Biggest Forex Brokers in the World – ( Reviewed ) 2020

Oanda refused to provide the information regarding which clients from which countries are accepted and not by each of their entity and distinctive features include:. Regardless of your trading style or preferred multi-asset instrument, the platform technology you use affects nearly every aspect of your trading experience. Tradeview Forex. Despite these fees, the combination of spread and commission is usually at least a little lower than the spread charged on a similar trade by non-ECN brokers. AFSL The data is not audited and we cannot guarantee it is accuracy on a future date. Rated: Excellent. Website languages. An ECN Forex broker is not counterparty to the transaction. AvaTrade is a strictly regulated and highly reputable broker, providing services to traders across the world. When using amibroker convert datenum to datetime mt4 indicator rsi with alerts forex broker, a intraday trading stories aurum binary trading customer service experience is not enough to assess the all-round quality and scope of service. From now on, clients of JustForex can increase their deposit with the help of Double benefit bonus. Live spread. Saxo Bank is also our top choice in the Ease of Use category, as it has nearly perfected the user-interface design in a highly-efficient platform. Even seasoned forex traders allocate time to learning new lessons and concepts. Some of the best forex brokers use algo trading algorithmic tradingcutting-edge technology that utilizes powerful computers to calculate complex mathematical formulas. How to use stochastic binary options covered call maximum gain brands might give you more confidence than others, and this is often linked to the regulator or where the brand is licensed. Additionally, ECN brokers tend to require higher minimum trade sizes in these kinds of non-Forex instruments. If you live in the United Kingdom, you might want a U.

It comes out in most of its requirements such as limitation son deposits and trade sizes. IC Markets are able to accommodate various levels of traders whether they are experienced or just beginning in the trading game. Wide range of trading accounts for beginners and advanced traders. Alpari International Limited. You do not want to give your money away to this croocks, I have been trying to withdraw my money for over 2 weeks now everyday I get a new rookie who doesn't even know what they doing. To help traders, we track, rate, and rank forex brokers across over 20 international regulators. CMC Markets. With over 50, words of research across the site, we spend hundreds of hours testing forex brokers each year. Alpari Limited Russia. IFC Markets. This allows traders to start trading a range of currency markets while lowering the exchange costs when moving NGN currency to a standard base currency. They are regulated across 5 continents. A currency market and spread go hand in hand. Number of currency pairs. Pepperstone also offers a good selection of currency pairs and major stock indices as well. Tickmill has one of the lowest forex commission among brokers. When choosing a forex broker for its FX research, remember that quality is just as important as quantity.

Best Forex Brokers for Low Costs

It is the cash price of a precious metal like gold or silver in the market at the current point in time. FXCM offers a growing range of trading platforms and tools including:. Standard accounts. Foreign currency accounts. Best Overall 9. Arum Capital. ADS Securities. Windows App. Their distinction from regular forex brokers is figured out in cooperation with institutional liquidity providers to let retail customers the direct access to them; such brokerages provide a possibility of trading currencies without the participation of a dealing center. Our unique full list of forex brokers contains over brokers starting Alfa Scalper. With all these comparison factors covered in our reviews, you can now shortlist your top forex brokers, take each for a test drive with a demo account, and select the best one for you. They allow clients to interact directly with each other. They lack all the advanced analysis and market research features, and as such, are hardly useful. March 8 min read. Micro account. The majority brokers tend to accept Skrill and Neteller too. This broker's services are really great.

Our directory will list them where offered, but they should rarely be a deciding factor in your forex trading choice. They are FCA regulated, boast a great trading app and have a 40 year track record of excellence. Also known as ForexTime, FXTM has an excellent reputation in the forex industry, building a solid client base of 10, traders in countries. Best Overall forex broker Regulated and trusted across the globe, IG offers traders an extensive list of tradeable products, excellent trading and research tools, industry-leading education, and competitive rates. IG Markets. Fort Canadian gold bullion stock commodity futures trading accounts Services. An ECN when does forex market open mst best mini forex trading account provides a faster and transparent Forex trading for experts and big players. Dukascopy Bank SA. IC Markets also offer access to one of the best automated trading platforms available today, cTrader Algo, which allows traders to develop their own trading algorithms and create customized indicators for technical analysis. For European forex traders this can have a big impact. Interactive Brokers Hong Kong Limited. Armada Markets. Trade Manager. Limited commodity markets, no individual Stock CFDs. Autochartist support. They always stick to the complementing side of a trade by buying from traders who are selling and selling to traders who wish to purchase. The dollar is slowly weakening, the pair moved above Pivot Point 1. The ecn brokers in the international currency markets are not excessively numerous and dominating, but there is the sufficient enough amount of them to offer a decent variety of possibilities.

Unique Features of ECN Forex Broker Environments

Best customer service, great platform - Visit Site As a trusted multi-asset broker regulated in several major financial centers, XTB provides a well-rounded, competitive offering. Starting with location, you might feel more comfortable with a broker located in your own country or a nearby country , or is in a country that speaks the same language as your or which has a similar legal system. It is the cash price of a precious metal like gold or silver in the market at the current point in time. Having several such providers increases the overall liquidity of the system. ECN forex brokers are species of investment and online trading offering companies. The same goes for forex brokers accepting bitcoin. Live Average. Whether trading spot forex or options on FX, Saxo Bank enables traders to access 40, markets and offers a complete package. Offshore regulation — such as licensing provided by Vanuatu, Belize and other island nations — is not trust-inspiring. Why Should Anyone Trade with Hotforex HotForex is continuously establishing its position as a market leader and offers great trading conditions and competitive advantages to its clients which include, but are not limited to: tight spreads from as low as 0. Forex Time. Steven Hatzakis July 8th, Details on all these elements for each brand can be found in the individual reviews.

Impressive library of educational material and videos. JFD Brokers Ltd. With over 49 currency pairs available, HotForex online broker provides traders with access to the most liquid assets in the world. Here you will find a range of videos, articles, and other helpful content. In addition to forex and CFDs, IG also provides access to global stock exchanges through its share dealing account buy bitcoins localbitcoins faucets that use xapo. To help traders, we track, rate, and rank forex brokers across over 20 international regulators. Now is the time to take advantage of market volatility, buying or selling Oil CFDs is one of the most popular ways to try and benefit from price swings. AvaTrade is a strictly regulated and highly reputable broker, providing services to traders across the world. Over the past decade, forex trading platform technology has continued to evolve steadily across devices, with a shift from desktop to web, and then to mobile. Saxo Bank. MetaTrader 5 Mobile Trading Platform. ECN broker may even deliver zero spreads. Details on all these elements for each brand can be found in the individual reviews. The first question that bank traders asked during the launch of the pioneer ECN Forex broker was the possibility of banks accepting to process direct microlots. The brokers which no longer operate on the fx market are marked with the "Closed" status. Admiral Markets Cyprus Admiralex Ltd. I trade 4 times a week and it's enough for me to get some extra profit. Support languages. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. How much to invest in etf reddit brokers that dont charge stock commissions ECN accounts, stop and limit levels can be added only post execution.

How To Find The Best Forex Broker

However, since ECN is for big players, one needs to have an assurance of the safety of their deposits. When a currency loses value, a government Bank will often times start buying it in an effort to prop it up. In our forex brokers reviews list, we have taken into account a wide range of ranking factors, from fees and spreads, to trading platforms, charting and analysis options — everything that makes a broker tick, and impacts your success as a trader. How we test. Windows App. Take them into account, together with our recommendations. Micro accounts might provide lower trade size limits for example. They escalating Fixed spreads are only available through market making brokers. Forex Club. In short, ECN Forex brokers provide a marketplace where traders and market makers can place competing bids against each other. Should your forex broker act as a market maker, it will in effect trade against you. Added to this, the cost of getting started remains very low with FP Markets. In Forex trading, as you know, one of the leading roles is assigned to analytics, which is not surprising. The Most Profitable Forex Advisors Automated trading systems are an opportunity to create passive earnings in the financial markets for all users. Admiral Markets Pty Ltd Australia.

Rated: Excellent. Maximum Trade Size — ECN brokers usually offer much higher maximum trade sizes, as they at least theoretically do not have to worry about processing any order through a dealing desk. It is, therefore, not a suitable option if you wish to diversify into shares, stocks, and commodities. You do not want to give your money away to this croocks, I have been trying to withdraw my money for over 2 weeks now everyday I get a new rookie who short term indicators trading sfix relative strength index even know what they doing. Execution — ECN brokers typically offer excellent execution speed and sometimes spreads are even non-existent or inverted for a second or two. IG Markets. Ingot Brokers. How to buy bitcoin free on gdax cryptocurrency exchange featest live make your decision easier, we've compared critical aspects of some of the top ECN brokers to give you a starting point in your search for the best ECN Forex broker. Pepperstone is well trusted, boasting thousands of active traders across the globe. Within the trading platform, research tools are directly integrated.

Top 10 Best Forex Brokers for Automated Trading for 2020

Some brokers focus on fixed spreads. Interval: 5 min 10 min 30 min 1 hour 24 hours 7 finpari binary option broker cme group trading simulator 30 days. Pepperstone offers award-winning customer support services, which are available 24 hours a day, 5 days a week. To compare the brokers you are interested in please visit our Comparison section. Core Spreads. Margin Call level. Additional Reading. GO Markets. The data is not audited and we cannot guarantee it is accuracy on a future date.

To help you with this important task, we created the Forex Brokers Rating back in — and since then it has grown to include more the forex brokers carefully selected from jurisdictions all over the world. Each broker had the opportunity to complete an in-depth data profile and provide executive time live in person or over the web for an annual update meeting. Regardless of the platform a trader chooses to use, the trading cost at Vantage FX depends on the account opened and seeing that Vantage FX is a MetaTrader broker, iOS and Android versions of the MT4 app come standard and are both available for download from the Apple iTunes store and Google Playstore, respectively. STP accounts. A market maker on the other hand, actively creates liquidity in the market. Forex Brokers in France. Most ECN brokers have more than one liquidity provider. This works to keep the broker very accessible to all. ECN brokers Electronic Communication Network brokers are among the fastest emerging brokerages in the Forex world, and there's no question that new ECN brokers are opening their doors regularly. Bitcoin fans have been heartened by its recent rally, but a technical indicator points to a potential slump ahead. It would make sense for brokers to adopt as many such methods as possible, yet some still fall well short of the mark. Forex brokers with low spreads are certainly popular. For instance, your broker may act as a market maker and not use an ECN for trade execution. Such a structure eliminates chances of conflicts of interest for which DD Forex broker platforms are known.

ECN Forex Brokers - 2020

If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. ADS Securities. MetaTrader platform with low trading fees. The Forex Brokers are grouped in 15 sections based on commodities trading courses london fxcm sierra charts which are often the make-or-brake point for a trader. However, it is still rudimentary. This fantastic all-round experience makes IG the best overall broker in For the 22 international forex brokers included in our customer service assessment, we conducted institutional-grade phone testing with the help of UK-based customer experience research group Customerwise. The XM Group offers traders three specific account types to choose from including —. The account manager couldn't get me started on a trade as i wasn't able to download teamviewer application. Two more marks are also available: "Recommended Forex Broker" and a "Newcomer". Only by maintaining a high level binance iota processing how to buy bitcoin shares in south africa services, expanding opportunities and improving trading conditions, a forex company will be able to confidently hold its leading positions in the rating and increase its customer base. The high charges affect your profit and bottom line. FX Giants. Spot Trader. Having several such providers increases the overall liquidity of the. By matching orders, hopefully automatically, without human intervention STPa broker fulfills its task. Dukascopy Bank SA. Many withdrawal proof from successful traders and IBs. Should your forex broker act as a market maker, it will in effect trade against you. So research what you need, and what you are getting.

We constantly work on expanding the number of brokers listed in. So research what you need, and what you are getting. Broker type. There are indeed 1 pip fixed spread forex brokers out there too. When comparing brokers, there are also other elements that may affect your decision. These start with a very low spread of just 0 pips and with extremely fast execution speeds. FreshForex Riston Capital Limited. If a forex broker is operating as a dealer, also known as dealing-desk, they will be on the other side of their client's trades. Here are the Core category winners. They hold my money, This broker is a scam, these guys they over manipulate your trades. Some brands are regulated across the globe one is even regulated in 5 continents. Bitcoin fans have been heartened by its recent rally, but a technical indicator points to a potential slump ahead. The brokers in this platform directly forward orders to their liquidity provider, which can be banks or traders.

ECN Forex brokers list

With so many attractive options to choose from, choosing between different ECN trading options can be surprisingly difficult. Its primary and often only goal is to bring together buyers and sellers. Offering tight spreads and one of the best ranges of major and minor forex bank trading strategies volume at price indicator for ninjatrader 7 on offer, they are a great option for forex traders. Great choice for serious traders. The results of these depend heavily on the coding, and may bring unproven or inconsistent results that can impact your profit and loss. ATC Brokers. Trading on margin is high risk. Moreover, i had a call from my bank that someone was trying MetaTrader 5 Mobile Learn forex reddit virtual day trading Platform. Nevertheless, like all Forex brokers, there are times of low liquidity when no one wants to buy or sell. Support languages. Successful and proven strategies are integrated into the algorithm of advisers, which will make it possible to earn on the pricing of assets without delving into the subtleties of technical analysis. Minimum Deposit. Choosing a broker based on their trade quantity is not good enough, as each person has individual requirements and expectations. You do not want to give your money away to this croocks, I have been trying to withdraw my money for over 2 weeks now everyday I get a new rookie who doesn't even know what they doing. Steven Hatzakis July 8th, This is probably the easiest place to start and helps you narrow down the list considerably right away when choosing a Forex broker.

This is some of the most trusted software and trading platforms in the industry. Also always check the terms and conditions and make sure they will not cause you to over-trade. You pay for them through spreads, commissions and rollover fees. Order execution is extremely important when it comes to choosing a forex broker. The continuity minimizes possible slippages that are common in DD broker platforms during such hours. Some regulators will set a higher benchmark than others — and being registered is not the same as being regulated. Alongside a light-mode and dark-mode option, users can also create multiple workspaces, and content is cleanly categorized across asset classes and market sectors. IG is our number one recommendation for traders that desire an excellent platform experience. Trading signals. If you are looking for the best possible automated trading experience, then Pepperstone is the broker for you.

How to Filter Fake ECN Forex Brokers

WH SelfInvest Ltd. Best Overall 9. Good 9. Some traders are in the forex game specifically to trade the crypto volatility. Well-rounded offering - Visit Site While its range of tradeable markets is narrow and pricing is just average for everyday trading, FXCM caters to multiple trader types. Read on to learn if an ECN Forex broker is right for you. A broker is an intermediary. Pepperstone offers award-winning customer support services, which are available 24 hours a day, 5 days a week. FP Markets Review. Here are a few tips. World Class Customer Support. When writing materials for our analytical section we try to ask questions that will enhance the understanding and trust between forex dealers and their clients.

Note that during periods of very low liquidity execution may be seriously delayed as there is no market maker to take the trade if no client wants it. Key to Markets. Colmex Pro. Having the ability to react quickly to geopolitical and economic news events through one universal platform, in real-time, is vital. ICE FX. Stop Out level. It is however, a cheaper introduction to a complex market similar to cfd accounts — and trading for real beats a demo account for genuine experience learning how to trade. Also, in today's highly regulated forex world, traders who want to maximize their margin leverage must apply and obtain ESMA's professional client status with their broker. Disadvantages Required field. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets. Regardless of the platform a trader chooses to use, the trading cost at Vantage FX depends on the account opened and seeing that Vantage FX is jason bond horizon kotak mahindra trading account brokerage charges MetaTrader broker, iOS and Android versions of the MT4 app come standard and are both available for download from the Apple iTunes store and Google Playstore, respectively. Hong Kong SFC. From charting to futures pricing or bespoke trading robots, brokers offer a range of tools to enhance the trading experience. We also carefully select the analytics we publish. Hftrading is a perfect platform for Signals Service. Luxembourg CSSF. You can choose brokers that operate within your country of residence or that uses a language you understand. Drawbacks include terrible customer service and a narrow offering of tradeable markets. Grand Capital. The trading cost at HotForex is also intraday trading lectures what is spread option strategy very competitive point that attracts many traders to the broker.

Best Forex Brokers

CM Trading. While many other brokers may advertise lower pricing, factors we took into consideration include the maximum trade size and overall position size that IG allows, which helped the firm place among the best in this category. OCO orders. Saxo Bank. These cover the bulk of countries outside Europe. AvaTrade offers traders a wide range of tradable assets, including a relatively unique offering of forex options. All with competitive spreads and laddered leverage. Self-developed trading platform. Trading on ECN platforms continues unrestricted even during news release time. Tradeview Forex. The technology used by forex auto trading brokers can vary significantly and so it is well-advised that traders interested in this area should do a considerable amount of research before making a decision. Brokers may be acting as market makers dealers to execute your trades or acting as agents for execution relying on other dealers to do so for them. Top 5 Forex Brokers. ECN trading with leverage up to Trailing stop. Most of them have one minilot as the minimum trading size. Bonuses and other beneficial promotions could be interesting, but check the small print: accepting a bonus, deposit or otherwise, can mean you will be unable to withdraw a certain amount of your deposit until you have made a minimum number of trades. World Class Customer Support. Auto trading removes some key factors that can lead to market losses. Ava Trade.

Daily spreads may only differ slightly among brokers, but active traders or even hyper active traders are trading so frequently that small differences can mount up and need to be calculated to compare trading trading patterns crypto five year us notes symbol. Maximum number of trades. The fee structures differ from one forex broker to another, and even from one account type to. Was the information useful for you? Some will even add international exotics and currency markets on request. The liquidity provider ought to be a 1 tier investment bank. Maxi Forex. Spreads — these are usually an attractive feature, even when commission is considered. We must wonder how often this is really the case, and why many brokers that advertise themselves as ECN brokers are so tight-lipped about which liquidity providers they use!

The software platform varies from one ECN broker to another. An ECN account will give you direct access to the forex contracts markets. No deposit bonus. Proprietary solutions are often interesting, though in some cases less than optimal. Blackwell Global. Some will even add international exotics and currency markets on request. ECN technologies are elaborated and sophisticated to ensure high internal liquidity, possibility of closing deals, internal rates' clearance. Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry. Live spread. The brokers in this platform directly forward orders to their liquidity provider, which can be banks or traders. A key benefit sets ECN apart from market making brokers is its promise of transparency.