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crypto exchanges

Why to Trade Crypto on Professional Exchange Platforms?

If you are into trading, you probably would have heard about terms like Bitcoin and many other cryptocurrencies. But what is making crypto so popular worldwide? Many of you might not know this, but cryptocurrencies are decentralized; thus, they aren’t under the control of any government or financial institution. This has inclined several traders across the world to start trading crypto. Read More

ECN brokers

Top 4 Things to Consider When Searching for ECN Brokers

The forex market, considered the largest financial market worldwide, has seen a lot of technological improvements in recent years to link traders to a vast range of trading opportunities. One such advancement is the ECN or Electronics Communication Network. ECN has streamlined the entire trading process by automating it to a large extent. Typically, it enables brokers to execute their clients’ orders to numerous liquidity providers. Read More

ECN Forex Brokers

What is an ECN Forex Broker and What Are Its Advantages?

The brokers offer different products and services to their clients that ensure an excellent forex trading environment. The forex market constitutes several different types of brokers. However, the traders generally select the brokers who fulfill their needs and comfort.

What Are ECN Brokers?

ECN stands for Electronic Communication Network and is a platform where forex traders and liquidity providers connect easily. Best ecn brokers link forex traders with liquidity providers. Thus, the intermediaries are removed, and the traders can swiftly contact and connect with the monetary companies. The primary feature of the ECN brokers is that they provide several pricing options offered by the liquidity providers. Therefore, the traders can easily select the ideal bid and ask for prices that suit their needs and requirements. Furthermore, the traders can reduce their spreads and interests per the trading demands.

Besides, the ECN brokers use the spreads to enhance their support services and not as a form of commission. The ECN brokers are the platform, not the intermediary between the two parties. The trading commences instantly when the technical infrastructure works ideally. Another interesting fact about the ECN brokers is that they cannot trade against the traders.

ECN Brokers

Therefore, the ECN brokers are a comprehensive platform and serve forex traders significantly. However, it is advised that forex traders must first understand the basics of brokers before trading with them. 

Forex Trading and Middlemen

Forex traders need platforms or companies that offer different financial assets to trade. Such companies are called liquidity providers and make forex trading easy and accessible. However, it is pretty challenging for forex traders to contact the liquidity providers directly. Yet, some middlemen are operating in the forex market that connects both parties. Such middlemen are called STP. STP stands for Straight Through Processing Brokers. The brokers have everything a trader needs to trade in the forex market effectively. However, they don’t account for the trading assets. But, these brokers negotiate the trading positions with the concerned liquidity providers.

On the other hand, when the forex traders need to contact liquidity providers directly, they must opt for ECN brokers. The communication remains uninterrupted, and thus the overall trading experience enhances. Besides, the ECN brokers don’t interrupt the trading process between the forex traders and the liquidity providers. Therefore, these brokers are an excellent platform for both parties.  

Benefits of ECN Brokers

ECN brokers have some great benefits for forex traders, some of which are listed below:

  • Tight Spreads: ECN brokers offer tighter spreads for forex traders. ECN brokers are the platforms where the forex traders and the liquidity providers meet each other. The brokers offer bids and ask prices on the platform. Thus, the traders can effectively choose the one that best suits their needs and demands. The significant benefit of trading with ECN brokers is that the traders can buy forex currency pairs from one liquidity provider at reduced prices and can be sold at high prices. Therefore, forex traders get a significant benefit by trading with ECN trading.  
  • Direct Trading: The ECN brokers never interfere in the trading between the forex traders and the liquidity providers. The ECN traders can swiftly negotiate their forex trades with the market players directly as per their needs and suitability. Besides, the overall trading time gets reduced because a direct link is established between the traders and the significant market players. 
  • Liquidity: ECN trading promotes excess liquidity in the forex market. The non-existence of the intermediaries between the trading parties ensures liquidity, making the trades swift. Therefore, forex traders can purchase and sell the currency pairs quickly. 

The Bottom Line

Therefore, in a nutshell, it is fitting to mention that ECN trading is a beneficial aspect. Many modern forex traders are opting for ECN brokers. The significant reason that is causing the extreme popularity of ECN brokers is that they ensure transparent working, and the traders can negotiate as per their trading needs and requirements. The spreads are also tighter, leading to reduced upfront costs. Besides, the trading quality improves significantly, and the forex traders get a chance to understand the market more deeply. Hence, opting for ECN trading is an excellent idea, and the forex traders earn more profits and discover more lucrative deals in the forex market.

forex

A Comprehensive Checklist to Find the Best Forex Broker

Are you looking for specific information that can make your broker selection process easier for you? Well, we have got the same for you. Here is a forex broker checklist that can help you make an ideal choice by checking every box. The list entails everything you need to know. So, stay there and continue reading!

Choosing A Forex Broker : A Complete Checklist

Here are some essential factors that can help you choose the right forex broker according to your trading needs:

Don’t Trust Cold Calling Brokers

Getting a call out of the blue from someone you don’t know and to whom you didn’t give your number is likely to be a scam. Never ever trust such a broker, as almost every regulatory body condemns cold-calling practices.

Check The Regulatory Status Of The Broker

The ultimate key to choosing the right forex broker is regulation. Make sure the broker is respected and secured. This can be done by cross-verifying their registration details with the regulator to ensure whether or not they are allowed to operate in your country. Furthermore, you should also check your own local regulations to ensure the broker is permitted.

                                                                                                Video Source: forex trading for beginners

Investigate The Broker’s Authority

Another important tip to finding a suitable forex broker is going through the financial background of the broker. This will require your due diligence and find some information about the broker’s history. Every piece of information regarding the broker is important, including the years since they have been operating, whether they have received any awards, who the team members are, and most importantly, whether they hold a solid reputation among other traders.

Check The Broker’s Transparency And Customer Service

Transparency means disclosing everything no matter what. Make sure everything is available on the broker’s website, such as fees, terms and conditions, trading instruments, leverage and trading brokers review. Furthermore, all this information should be in an easily understandable language.

Customer support is also essential, so check the available contact methods, their response time, and how professionally they answer you back.

Select A Broker Who Stores And Segregates Your Funds In A Reliable Bank

These days, you will see that all brokers have segregated accounts at reputable banks as mandated by the regulatory bodies. This is something a regulated broker has to confirm. Along with this, make sure that the bank they are using for this service has a good reputation in the market.

Check If The Forex Broker Offers Negative Balance Protection

If you are a new trader, you will see your balance getting wiped out in a flash of a second. Hence, you must choose a broker who offers negative balance protection. Negative balance protection is necessary so that you lose more than what you are depositing, making it an essential thing to check upon when selecting a broker.

Check If The Broker Offers Insurance

All the regulated brokers associated with top-tier regulators will offer insurance up to $100,000 and can even go beyond in some cases. This is a worth-looking factor in getting protection in the event of a dispute or insolvency.

forex broker

Examine The Execution Type

As you might know, there are various types of brokers with different execution methods. Thus, you need to make sure you choose one that can help you execute trades in the way you want. If you are more interested in market liquidity, an ECN broker will be the best option. STP broker is ideal for stock investing. You can even go with a hybrid ECN/STP broker if you want the benefits of both of them.

Check If The Broker Has Banned Any Trading Techniques

You will never want to deal with a broker only to find out later that they ban the trading technique you plan to use. Whether it’s scalping, day trading or sniping, ensure that the broker permits you to use the desired strategy.

Inspect The Broker’s Spreads And Commissions

It goes without saying that every broker wants the lowest spreads possible. Anything below one pip is generally considered reasonable. However, if you are planning to go for day trading, choosing a broker offering raw spreads starting from 0 pips is a good option.

Look For Your Favorite Account Type

Different brokers have different account types available. Some include nano accounts, raw spread accounts and even accounts that permit you to trade ETFs and real stocks. Thus, you should browse through all of them before opening one with any broker to ensure you have made the right choice.

 

forex

5 Top Reasons to Choose a Regulated Forex Broker

It’s a known fact the forex market is the most liquid market worldwide, whose value is measured in quadrillions and where routine trading volumes could go as high as 6.6 trillion dollars. By choosing a regulated broker that offers competitive spreads, you can access a wide range of opportunities and make profits. Forex is indeed lucrative and exciting, but selecting the right broker might be a little challenging as there are endless options available in the market. Read More

 

Copy trading

Things to Look for in a Copy Trading Platform

It’s amazing to see how cryptocurrencies have become much more than an alternate payment option in recent years. It is a new digital asset with great potential to help traders earn a massive profit on their investment projects. There are so many compelling reasons why you should invest in crypto. However, just like any other investment decision, we don’t recommend you make any decision in haste. You must research the market and invest only the amount you can afford to lose. Read More

 

forex brokers

Useful Tips For Selecting The Right Forex Broker

You can find forex brokers in any corner of the world, whether it is Europe, Japan or the United States. These forex brokers offer a wide range of trading options to their clients. Furthermore, some of these brokers also provide an opportunity for their clients to trade online. However, for those who are just starting their trading journey, it is recommended that they get some professional advice from those who are already experts in the forex industry. Read More

Forex Brokers

Reasons Why Selecting The Right Forex Broker Is So Important

Selecting the right forex broker for your trading journey is very important if you want to protect your present funds while earning more money. The significance of the right broker can be understood in terms of smooth trading, encompassing safety, updated knowledge and general trading conditions offered according to your needs and preferences. Read More

mt4 brokers

Effective Tips to Find a Quality Forex Broker

If you are confident forex trading is your way, you must choose a quality forex broker. Nowadays, there are various forex brokers available online to choose from. It is suggested to do some homework before you select one. We have made it simpler to help you find the best forex broker according to your needs. Read More

Best Forex Broker

How Leverage Works In The Forex Market?

In forex trading, leverage gives traders the power to manage something bigger with something small. In simple words, leverage can be referred to as a short-term loan offered by the broker to help forex bitcoin trader open large trading positions with much less capital. Many new forex beginners think that forex trading is rather boring and dull, where the market moves at a snail’s pace. This is true, especially when you compare the forex market with the stock market. However, one can actually make the forex market a market rich with abundant opportunities through the concept of “leverage”. Read More

 

 

Top Reasons To Select A Regulated CFD Broker

The broker selection process is quite crucial to your forex trading and should be executed carefully. When it comes to selecting a forex broker, it could get quite difficult if you don’t know the right set of things you should be looking for. Hence, to make things easier for you, here is everything you need to know about regulated and unregulated brokers and flexible leverage in detail. Read More

Best FX Trading Platforms: What To Look For?

There are numerous forex brokers to select from around the world, making it challenging to select an appropriate one. Many traders prefer to choose a broker based on the trading platform they offer. They tend to compare the trading platform features of various brokers to select the best FX broker for their trading needs. Read More

crypto exchanges

Why to Trade Crypto on Professional Exchange Platforms?

If you are into trading, you probably would have heard about terms like Bitcoin and many other cryptocurrencies. But what is making crypto so popular worldwide? Many of you might…

Read More
ECN brokers

Top 4 Things to Consider When Searching for ECN Brokers

The forex market, considered the largest financial market worldwide, has seen a lot of technological improvements in recent years to link traders to a vast range of trading opportunities. One…

Read More
ECN Forex Brokers

What is an ECN Forex Broker and What Are Its Advantages?

The brokers offer different products and services to their clients that ensure an excellent forex trading environment. The forex market constitutes several different types of brokers. However, the traders generally…

Read More
forex

A Comprehensive Checklist to Find the Best Forex Broker

Are you looking for specific information that can make your broker selection process easier for you? Well, we have got the same for you. Here is a forex broker checklist…

Read More
crypto exchanges

Why to Trade Crypto on Professional Exchange Platforms?

If you are into trading, you probably would have heard about terms like Bitcoin and many other cryptocurrencies. But what is making crypto so popular worldwide? Many of you might…

Read More

FX Broker Overview: What Traders Must Know About Forex Trading In 2022?

If you are interested in forex trading, you need to have a reliable FOREX broker by your side. Navigating the forex market requires a lot of skill and experience which…

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forex brokers

How Can You Select a Forex Broker: Everything To Know About

Experts say the forex trading market undergoes trillions of daily trading volume and has ever-increasing opportunities for traders. One can trade on any currency they like through online forex trading.…

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broker

Best FX Trading Platforms: What To Look For?

There are numerous forex brokers to select from around the world, making it challenging to select an appropriate one. Many traders prefer to choose a broker based on the trading…

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A Comprehensive Checklist to Find the Best Forex Broker

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