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    Thread: Which account type do you think is the best for trading - ECN or non ECN?

    1. #21
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      I believe that it depend on the trading style of the trader if he is a day trader and having strategy which needs to trigger the trades in the event of breakups and economic events than it is much better to trade with the fixed spread broker and on the other side if trader have strategy which can hold and follow long term trading there he can use for ECN account.

      One thing is true that ECN accounts are cost-effective as compared to the fixed spread account but keep in mind if you trade the political news than these can be more costly so at first, you need to consider your trading style first and then choose a right account for your trading strategy. Like most people who trade with robots, they prefer to trade with the ECN account to save the cost of doing business. Because they are high-frequency traders as compare to the manual traders.

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    2. #22
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      ECN trading account which means electronic communications network is a specialised type of account that has some interesting privileges that other classes if account don't have, anyone that is trading the ECN account is sure to make money with good management where other regular accounts holders are losing because he is enjoying less spread and account protection.

      This account is given priority attention by the forex brokers because whenever an order is placed through the ECN account, it is immediately passed into the liquidity market for execution which is instantly done many times, unlike the delays that are experienced with non ECN accounts types.
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    4. #23
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      ECN trading has been an important event of the recent time in forex industry on a direct bearing of it openness, accessibility and opportunity which it entails and an emotion to liquidity of means for subsistence and it has turn into a direction to promote very great in size of forex traders across the global while a traders could obtain a means of entering various prices from a constant change of market participants ordered process on their trading system and bid ask prices obtainable in the market and Because per transaction, traders are levied little prize by the broker to be on the opinion that the inflated price will required non Ecn trading to a greater extent on due to not able to change spread for sake the of the trader can determine the value of the No of pips and profits giving a true result more than the another nature of the accounts and I don't think all ECN trading is producing a profit with regard to certain number of brokers accept spread and official charge at a period within a given time interval of trading and brokers contribute is high and through this we can pay attention to a broker which present sufficient fee charged to have effect trading lessen risky


    5. #24
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      ECN account type is the better than the non ECN account type

      What is an ECN Broker
      An ECN broker is a forex financial expert that uses electronic communications networks (ECNs) to give clients direct access to other participants in currency markets. Because an ECN broker
      consolidates price quotations from several market participants, it can generally offer its clients tighter bid/ask spreads than would be otherwise available to them.


      BREAKING DOWN ECN Broker
      Since an ECN broker only matches trades between market participants, it cannot trade against the client, an allegation often directed against some unscrupulous retail forex brokers. Because ECN spreads are much narrower than those used by everyday brokers, ECN brokers charge clients a fixed commission per transaction.
      An ECN broker facilitates trades for interested investors across the ECN. Working with brokers of this nature often results in lower fees as well as additional trading time availability because of how the ECN functions.

      Understanding the Electronic Communications Network
      The ECN provides an electronic system for buyers and sellers to come together for the purpose of executing trades. It does this by providing access to information regarding orders being entered, and by facilitating the execution of these orders. The network is designed to match buy and sell orders currently present in the exchange. When specific order information is not available, it provides prices reflecting the highest bid and lowest ask listed on the open market.

      Benefits of the Electronic Communications Network
      The use of the ECN allows investors a way to trade outside traditional trading hours, providing a mechanism for those who either canít be actively involved during normal market times or who prefer the flexibility offered by wider availability. It also avoids the wider
      spreads that are common when using a traditional broker, and provides overall lower commissions and fees. For those concerned about privacy, the ECN can provide a level of anonymity to those who desire it. This can be particularly attractive to investors interested in making larger transactions.
      Price feed transparency is also a byproduct that many consider a benefit because of how the information is transmitted. All ECN brokers have access to the exact same feed and trade at the precise price that is provided. A certain amount of price history is also readily available, allowing for easier analysis of particular trends within the marketplace. This helps limit price manipulation, as current and past information are readily available to all, making it more difficult to act unscrupulously. Additionally, no trader has a particular built-in advantage over the other, as they all have equal access to the information.


    6. #25
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      Electronic communications network forex brokers have some distinctive attributes that cannot be found with a non ECN brokers, I guess that is why they are loved by many professionals in this market, although we cannot attribute this to being all good without disadvantage especially for the small traders, the ECN don't give welcome bonus and other incentives, this can discourage a small trader who needs extra credit to be able to open new positions as against what his original account balance can handle.

      The major advantages that we can see that ECN has are less spread, privacy is guaranteed, immediately trade executions, absence of stop loss hunting which is common with these every day brokers.


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    8. #26
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      I think it's well known to every forex traders that trading with the ecn brokers has more advantage than that if other type of brokers. Because the ecn brokers using the ECN network is able to provide with a special marketplace for trading. This marketplace allows different traders to directly trade against each other.

      This market. Place is quite easy and gives for beginners and the professionals, which am we can get. To trade with as loads as 5usd with some ecn brokers.

      The true ECN model is very similar to the STP model, in that the broker doesnít take the other side of our trades, but places them in the real forex market immediately when executed . Just like with the STP, there is no conflict of interest when we trade with a true ECN forex broker.
      So to me the ecn is the best broker to be used.


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    10. #27
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      So many forex traders don't know the difference between an electronic communications network broker and the non electronic communications network brokers because they just want to trade and make money, the electronic communications network is the best category that we can invest with and enjoy the true benefits of what it means to be a forex trader.

      Although it might be pricey to have this account but I can assure you that the benefits are totally worth the stress. Using this broker which is considered the best will give you low spread, high execution rate, less intervention with your position and many other advantages. The non ECN is like a parasitic relationship that wants from you without giving anything in return.


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    12. #28
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      The ECN account or broker is the ideal feature that many Forex traders seriously look for, but somehow the attainment of this service is not cheap, with an ECN broker there are some disappointment that the regular trader will have to deal with, the example is the small leverage, you cannot get the type of high leverage that can be obtained with a non ECN broker because the mode of operation is different, with an ECN you can enhance your trading through low spread, secured trading environment and other advantages.

      The non ECN has the manipulative tendencies which can harm your trading performance and plan in the long term, overall people are more interested in the non ECN Forex brokers because they are giving higher leverage which can be useful for someone with low capital.


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