What are the advantages of trading with an ECN broker? 

Currently, Forex is arguably the most popular financial market with a daily turnover of more than $ 6 trillion. No wonder such a large market attracts so many participants. Indeed, the range of different offers is rich. Many brokers claim to provide the best services and the best trading conditions. But how do you distinguish a really valuable offer? First of all, pay attention to the way the broker performs the trades.

What is ECN?

ECN stands for Electronic Communications Network. Brokers use this network to provide their clients with direct access to other participants currency market. In this system, buyers and sellers can find a counterparty in their positions among other traders or banks, while the broker acts as an intermediary.

What are the advantages of ECN?

First, ECN brokers collect quotes from multiple participants connected to the network and based on this data they present the best available prices on their platforms. Besides, such a system enables brokers to offer tighter spreads.

Second, the ECN system provides transparent prices and high liquidity as quotes are provided from various sources. Moreover, there is no requotesand the workmanship is very accurate.

Third, on ECN accounts it is possible to use all trading strategies including scalping because the more trades the better for the broker.

Broker
Regulation	CySEC
Account	ECN	ECN-Pro	ECN Scalping
spread	from 1.2 pips	0d 0.8 pips	0d 1.2 pips
Type of spread	variable
Number of currency pairs	64
Other assets	CFDs on stocks, metals, commodities, indices, cryptocurrencies
Min. Deposit	100 EUR	1000 EUR	100 EUR
Platforms	MT4, Webtrader, Mobile
Number of servers	9 main servers and 25 intermediate data centers
	REVIEW
	CREATE AN ACCOUNT

Where to find the appropriate ECN conditions?

When choosing an ECN account, pay attention to several key factors:

Regulation

It's no secret that safe and reliable trading is better provided by regulated brokers who adhere to certain laws. Therefore, it is wise to check the broker's license before opening an ECN account with them.

Implementation

In trading, every second can cost a lot of money, so fast and stable execution is quite an important factor. Therefore, a flawless connection is a key feature for traders. Ideally, a good broker should use several servers to avoid any delays and disruptions.

Trade costs

Every trader wants to get the most out of their investments. And you know that trading is about making a profit. There are numerous strategies and techniques to help traders achieve their goals. Many factors, such as market conditions, traders' skills, experience or their mood, affect the trading results. But there is another aspect: reducing trade costs can also help increase profits. Therefore, it is worth making sure that the broker is transparent about its prices and does not charge any hidden fees.

- “At InstaForex, our priority is to provide a wide range of services to each client at every stage of work, from creating a new account to withdrawing money. We understand that fast order execution is the key to successful trading. That is why we constantly set ourselves new challenges and try to ensure the best implementation, so that our clients can be sure that they have made the right decision. " - said Marcin Krukar, Director of the InstaForex Branch in Poland. 

Summation

Choosing the right trading conditions is half the battle. Be careful when choosing the broker you want to work with. The key aspect is that your trade is executed on time and at the best available price. Otherwise, your trading results may be disappointing. To sum up, ECN accounts are the optimal solution. Just make sure your broker meets the criteria above.