Electronic Communications Networks VS. Market Makers Brokers
Sep 24, 2017 at 9:43 pm #1021zeeParticipant
ECN brokers use electronic networks of communications to provide direct access to counter-parties. A fixed commission is charged for each transaction you make. ECN brokers quote prices from various sources and are usually considered to provide best ask and bid prices. However, before you use these systems, it must be noted that these systems are often less user-friendly and you must pay a fix commission on each transaction.
On the other hand, market maker brokers determine their own ask and bid prices and make them available to public. Basically, these brokers are always the counter-party to your transaction and they earn their revenue by the spread between prices. These MARKET MAKER brokers also help traders by providing them with better liquidity solutions.10Sep 25, 2017 at 7:50 pm #1023chalithuoMember
Other than the fixed commission and at times a need for a higher initial deposit by the ECN brokers, I think they are normally better compared to the Market makers in terms of spreads and even the rate of execution of orders.10Nov 17, 2019 at 3:37 pm #2245FXGuruParticipant
My list starts and ends on FreshForex, as it’s one of the leading companies with countless benefits. The greatest advantage with them is their low spreads to fast execution of trades, smooth trading platform and mighty Rebate Scheme, it’s all just so very pretty.00
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