How successful Forex transactions will be depends on many factors, one of which is the right choice of broker. Since in recent years, for many traders, work in the international currency market has become the main, rather than an additional source of income, for them this moment becomes particularly important.
Forex brokers are, in fact, intermediaries between sellers and buyers. It is they who provide traders with all that is necessary for their transactions: access to trading terminals, current information on the market, analytical reviews, forecasts of market trends. In addition, brokers carry out cash transactions, deposit and withdraw funds. Thus, it can be stated that they play a crucial role in ensuring trade in currencies, and for their services receive a commission from which their profit is formed.
True ecn brokers are investment companies that provide services to both institutional and retail clients, and provide the opportunity to trade in the financial market directly, without the intervention of an intermediary – a dealing center. Thanks to being in the electronic communications network, brokers working on ECN technology provide customers with direct access to various financial institutions and banks, thereby ensuring high internal liquidity, closing deals, and displaying rates inside.
ECN forex brokers, although they charge a fixed commission for making deals, offer customers undoubted advantages, such as the absence of “foot hunting” and the fight against scalping. In the international currency market, ECN broker is not the predominant class in the overall diversity of forex brokers, however, their number is already high enough to be able to choose from it. The ECN broker rating given below will help you choose a broker who works using the technology of direct access to the liquidity of its leading suppliers, and offering trading conditions that are optimal for a particular trader.
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