Did you know ECN broker don't charge a spread?

[jkrick33]

I didnt either, but I was told that this is true and Im looking into it, so for those of you who have any experience please comment.

[fiberangel]

ECN brokers like MBTrading does not make any money from the spread difference. They only make money on the commissions that they charge to put your with the buyer or seller.

[Craigfx]

Originally Posted by jkrick33

I didnt either, but I was told that this is true and Im looking into it, so for those of you who have any experience please comment.

Brokers who does not charge commissions are brokers who earn just from the spreads. Such brokers are ECN STP that are connected to the real market and their profits is an outcome of their clients volumes and not anything else. Unfortunately, some brokers call themselves ECN but they are actually not… From my experience, I found out that real ECN brokers were Alpari, Sunbird fx & ACM. I am sure that there are others but in these brokers I had/have live accounts so I can tell if they are ECN or not…

[unclegober]

I am now more prefer to use ECN brokers, ECN broker provides you direct access to the market. The broker earns only from commissions paid by the customer. Armada Markets is one of ECN broker, the broker has a speed of execution and low spreads are needed by traders to do scalping to Achieve maximum profit. this is usually the main thing when traders decide to choose the right broker for scalping. based on my experience, Armada Markets gives traders especially for scalpers with very good platforms.

[vmusci87]

No spread would come with a commission. Is that the broker you're looking for?

[unclegober]

Originally Posted by Flintoff

No it’s not true I don’t know who told you this but it is completely incorrect. ECN does charge spread but it is very low while it is common sense as how can a company survive if they don’t earn? I trade with OctaFX broker and they are a true ECN broker company and also have won the best ECN broker award as well while they do charge spread but it is just 0.2 pips, so that is excellent for us.

I think your broker also provide the spread charged to the client. Tickmill brokers also provide a spread with Spreads from 0 pips. I like trading with ECN/STP account in Tickmill. ECN/STP model provides clients with direct access to the other Forex market participants (retail and institutional). Broker do not compete with clients or even trade against them. This grants clients more advantages over dealing desk market makers.

[vmusci87]

Originally Posted by jkrick33

I didnt either, but I was told that this is true and Im looking into it, so for those of you who have any experience please comment.

I Have never heard about such a thing like this, can you please tell more about it. I see all brokers claimed they are true ECN broker always charge spread (or commission).

[unclegober]

Originally Posted by vmusci87

I Have never heard about such a thing like this, can you please tell more about it. I see all brokers claimed they are true ECN broker always charge spread (or commission).

I also have never heard of it, I guess all brokers charge spreads or commissions apply to traders. every trader should look at how the performance of the broker to ensure the workings of the broker

[piplaser]

Originally Posted by jkrick33

I didnt either, but I was told that this is true and Im looking into it, so for those of you who have any experience please comment.

yes this is true, I have an ECN account with FreshForex, they only charge very low commissions, which anyone could afford, and the best news, they give you an instant market entry, very good for scalpers