

ECN and STP brokers are NDD (No-Dealing Desk) brokers meaning they don't use a Dealing Desk to fill their client's orders, instead, they pass all orders directly to the ECN market. NDD Forex brokers are the only choice for professional Forex traders as they are considered a more reliable and cost-effective solution for trading Forex than DD brokers.
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GENERAL INFO |
TRADING INFO |
ACCOUNT INFO![]() |
RATING REVIEWS![]() |
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ECN/STP Founded: 2005
US Residents: No |
■ Automated Trading: MT4 and MT5 Best EURUSD Spread:
■ Number of currency pairs: 70 |
Promotion: Free VPS, a small Welcome Bonus Min. Account: $10 ■ Leverage: 1/30 |
Rating: 77.61%
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■ Founded: 2005
■ Regulation:
US Residents: No |
■ Automated Trading: YES Best EURUSD Spread:
■ Number of currency pairs: 45+ ■ Cryptocurrencies: YES |
Promotion: 20% Bonus and Free VPS Min. Account:
■ Leverage: 1/30
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Rating: (N/A) |
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DD/CFD
Founded: 2009
US Residents: No |
■ Automated Trading: YES
Best EURUSD Spread:
■ Number of currency pairs: 40+
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Promotion: Free VPS, Margin Bonus (not recommended) Min. Account: $10 ■ Leverage: 1/30
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Rating: (N/A) |
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■ Founded: 2007
■ Regulation:
US Residents: No |
■ Automated Trading: YES Best EURUSD Spread:
■ Number of currency pairs: 50+ ■ Cryptocurrencies: YES |
Promotion: Free VPS, Free Autochartist Min. Account:
■ Leverage: 1/30
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Rating: 84.55%
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ECN/STP
Founded: 2011
Regulation:
US Residents: No
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■ Automated Trading: YES Best EURUSD Spread:
■ Number of currency pairs: 50+ |
Promotion: Free VPS Min. Account:
■ Leverage: 1/30
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Rating: 76.80%
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ECN & STP Forex Brokers
■ ECN (Electronic Communication Network) Brokers
The ECN brokers are financial entities using the electronic communications network (ECN) of banks to provide its clients with direct access to the Foreign Exchange Market. ECN can be described as the software bridge linking financial brokers with its liquidity providers (banks, etc.).
■ STP (Straight Through Processing) Brokers
STP brokers provide access to the Foreign Exchange Market via its liquidity providers which are mainly commercial and investment banks but also other large financial institutions.
The Cost of Intraday Trading
Trading cost matters, especially if you plan to implement an intraday trading strategy, which involves opening/closing several positions on a daily basis. These are the most important sources of trading cost:
(1) Trading Spread & Trading Commissions
The trading spread and commissions are very important for intraday strategies, which involve the execution of a great number of daily trades. In general, ECN brokers offer tighter spreads and lower commissions than Dealing-Desk Firms.
(2) Slippage
Slippage refers to the deviation in pips between the actual execution price and the expected execution price. Again, ECN brokers offer lower slippage on order execution than Dealing-Desk Firms.