Compare true ECN Forex brokers. Sort, filter and rank their ECN accounts based on your personal trading preferences and initial deposit. An ECN broker allows you to place your buy and sell orders directly in the market against other traders, banks and financial institutions.
Depth of Market DOM shows you the liquidity available for every bid and offer. DOM is available for every currency pair and changes dynamically as orders are filled and new orders come to market. Changes in liquidity typically pre-date changes in exchanges rates. They tend to rise when there are more buyers than sellers, and vice versa. Scalpers use Depth of Market information to predict how prices are likely to change in the very near term.
ECN brokers earn money through a commission on trades rather than a mark-up on spreads. This is why they typically quote spreads as lows as 0 pips. FXCC spreads in our comparison table are for commission-free accounts.
Trading foreign exchange, contracts for differences or spread bets on margin carries a high level of risk and may not be suitable for all investors. You could sustain a loss of some or all of your funds if the markets move against you. For this reason, you should not invest more than you could afford to lose. Information published on this website and in our external communications is factual and for information purposes only. It does not constitute financial advice under the Financial Services and Markets Act Order matching Participants in an ECN can enter competing bids and offers into the platform either inside or outside the spread, and hit one another's orders.
You could open a position with a liquidity provider and close it with another, or execute a trade against the bid or offer of another trader. Tell your friends about us: Featured Brokers 1 for Beginners. Do you have a question about Forex? Ask your question in our Forums.More...