Did you know ECN broker don't charge a spread?

jkrick33 · #1 (**permalink**) 23-03-2009, 23:29

I didnt either, but I was told that this is true and Im looking into it, so for those of you who have any experience please comment.

fiberangel · #2 (**permalink**) 23-03-2009, 23:54

ECN brokers like MBTrading does not make any money from the spread difference. They only make money on the commissions that they charge to put your with the buyer or seller.

Craigfx · #3 (**permalink**) 22-12-2011, 10:46

Quote:

Originally Posted by jkrick33

I didnt either, but I was told that this is true and Im looking into it, so for those of you who have any experience please comment.

Brokers who does not charge commissions are brokers who earn just from the spreads. Such brokers are ECN STP that are connected to the real market and their profits is an outcome of their clients volumes and not anything else. Unfortunately, some brokers call themselves ECN but they are actually not… From my experience, I found out that real ECN brokers were Alpari, Sunbird fx & ACM. I am sure that there are others but in these brokers I had/have live accounts so I can tell if they are ECN or not…