ECN / STP brokers

ECN (eng. ECN - Electronic Communications Network) is an electronic trading system. ECN provides a place of trade, where all the participants (banks, market participants and traders) trade against each other by offering rates within the system.

ECN - broker type of broker firm that offers its clients direct access to other participants of the currency market. ECN brokers do not restrict scalping, do not trade against the client, do not charge spread (although, still, there is a low spread is dictated by market prices), but charge a fixed fee for each order.

ECN trading has advantages compared to trading through brokers being market makers, ECN brokers trades the traders are not enforced against the broker and his counter-agent or another client ECN broker, or in the form of liquidity provided by the partner ECN broker.

STP (eng. STP - Straight Through Processing from beginning to end automated processing of transactions and (or) of payment orders, including the automatic creation adoption of the regulations, clearing and settlement. All orders are sent with your MT4 platform automatically directly to the liquidity providers without the need of passing the transaction through the dealing Desk. Such orders are executed immediately and without re-quotes.