ECN Forex Brokers Ranking
according to SCR Traders experience
ECN is a computerized stock exchange, and the abbreviation itself means "Electronic Communication Network". ECN brokers provide their clients with direct access to other participants of the forex markets, including first-rate liquidity providers (major banks). The essence of ECN functioning is consolidation of price quotations from a number of market agents, therefore ECN clients in most cases are offered tight bid/ask spreads. The best bid and ask quotes from various market participants are brought together automatically and this is how the orders are executed.
ECN technologies are elaborated and sophisticated to ensure high internal liquidity, possibility of closing deals, internal rates' clearance. ECN forex brokers do charge commission for making deals, at that they offer certain advantages to their clients, such as no "chasing stops" and anti-scalping.
ECN technologies are elaborated and sophisticated to ensure high internal liquidity, possibility of closing deals, internal rates' clearance. ECN forex brokers do charge commission for making deals, at that they offer certain advantages to their clients, such as no "chasing stops" and anti-scalping.
RISK WARNING
Trading foreign exchange on margin carries a high level of risk. The high degree of leverage can work against you as well as for you. Forex and investments can go up as well as down and involve the risk of loss. Past performance will not necessarily be repeated in the future. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.You may lose more than the amount originally invested and, in respect of these products as well as other products traded on margin, you may have to pay more later. You should not invest in such products unless satisfied that they are suitable for you. It could be some time before you see a return on your investment. Changes in the rates of exchange between currencies may cause your investment/the income to go down or up. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Trading foreign exchange on margin carries a high level of risk. The high degree of leverage can work against you as well as for you. Forex and investments can go up as well as down and involve the risk of loss. Past performance will not necessarily be repeated in the future. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.You may lose more than the amount originally invested and, in respect of these products as well as other products traded on margin, you may have to pay more later. You should not invest in such products unless satisfied that they are suitable for you. It could be some time before you see a return on your investment. Changes in the rates of exchange between currencies may cause your investment/the income to go down or up. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
