ECN/STP Brokers
ECN broker helps their client to be straight connected to the ECN market's participants, including banks, hedge funds, brokers, even traders. ECN's clients are also possible to see the DOM (Depth of Market) from other participants. However, this broker usually asks their clients to pay off a large amount of deposit and commission. A list below will show you some ECN brokers to be considered.
| Broker | Regulation | Specifications |
|---|---|---|
| Exness |
|
Since:
2008
Min Deposit:$10
Max Leverage:1 : 2000
Rating:
|
| RoboForex |
|
Since:
2009
Min Deposit:$50
Max Leverage:1 : 400
Rating:
|
| HF Markets |
|
Since:
2010
Min Deposit:$0
Max Leverage:1 : 2000
Rating:
|
| Pepperstone |
|
Since:
2010
Min Deposit:$0
Max Leverage:1 : 400
Rating:
|
| InstaForex |
|
Since:
2007
Min Deposit:$1
Max Leverage:1 : 1000
Rating:
|
| FP Markets |
|
Since:
2005
Min Deposit:$100
Max Leverage:1 : 500
Rating:
|
| IFC Markets |
|
Since:
2006
Min Deposit:$1
Max Leverage:1 : 400
|
| Key to Markets |
|
Since:
2010
Min Deposit:$100
Max Leverage:1 : 500
|
| FxNet |
|
Since:
2012
Min Deposit:$50
Max Leverage:1 : 500
|
| FxGrow |
|
Since:
2008
Min Deposit:$100
Max Leverage:1 : 100
|
| Fondex |
|
Since:
2010
Min Deposit:$250
Max Leverage:1 : 30
|
| FreshForex |
|
Since:
2004
Min Deposit:$10
Max Leverage:1 : 2000
Rating:
|
| LMFX |
Since:
2015
Min Deposit:$50
Max Leverage:1 : 1000
|
Why are NDD brokers recommended for scalping?
To avoid scam brokers who often intervene in clients' orders. NDD brokers usually channel their clients' orders directly to the market or bigger NDD brokers. In this case, clients do not trade against the broker but directly against the market.
Furthermore, the spread in NDD brokers normally follows the real market's fluctuation but is generally lower than in other brokers. Some broker variants categorized under the NDD brokers are STP (Straight Through Processing), ECN (Electronic Communication Network), and DMA (Direct Access Market).
Continue Reading at The Secrets of Successful Scalping Strategy
Why do brokers manipulate charts?
Brokers may manipulate charts for various reasons, although it's important to note that not all brokers engage in such practices, and many operate with integrity. When manipulation of charts does occur, some potential reasons include:
- Generate additional fees or profits.
- Manage liquidity in the market.
- Brokers operating in unregulated or poorly regulated markets may engage in chart manipulation more frequently because they face fewer consequences.
Continue Reading at Can Brokers Manipulate Charts?
How to recognize a red flags broker?
The most common and frequently occurring characteristics are:
- Difficult deposit and withdrawal processes.
- Sudden and unexpected changes to key features.
- Poor customer service.
- Negative reviews.
Continue Reading at Broker Red Flags: Signs You Should Leave Your Broker
What are European-based Russian brokers?
Several forex companies of Russian origin have moved to Europe -mainly Cyprus and the UK in order to ease global expansion. Here are some of them that might be good for you:
-
Exness
Exness is authorized and regulated across Europe through MiFID II. Exness is very suitable for traders with low capital requirement and various account offerings. -
XM Group
XM Group is authorized and regulated by the Cyprus Securities and Exchange Commission (CySec), legitimizing its operations across Europe.
-
Alpari
A few years ago, Alpari was the most famous Russian forex broker worldwide. Its popularity dropped following tragic losses suffered by its UK entity in 2015. Currently, Alpari only registered in Belarus and St Vincent and the Grenadines. Nevertheless, Alpari is still one of the favorite brokers for Eastern European and Russian residents.
Continue Reading at Best Forex Brokers in Russia
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