ECN Broker | ECN forex account
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ECN stands for Electronic Communications Networks; Forex financial expert who uses ECNs to provide its clients direct access to other participants in currency markets. It is the real way of future of the foreign exchange markets. ECN is a bridge linking smaller market participants with tier-1 liquidity providers throughout the world with the help of ECN forex broker. Modern technology called FIX protocol is used to link between the clients and LPs. Broker obtains liquidity from tier-1 banks LPs and makes available for trading to their clients and also broker delivers client’s orders to LPs for execution. Some advantages of ECN broker:
1. Variable spreads
2. Fast trade execution
3. Client-to-bank trading
4. Automated trading
5. Anonymous forex trading.