Trading Accounts

What is ECN Trading:

ECN stand for Electronic Communication Network.
What’s the secret? Like much of the Forex market mechanisms today, an ECN is an automated component of trading, since it connects traders to liquidity providers such as banks, brokerages and other traders around the world and eliminates the role of the traditional middleman.
ECN make it possible for investors in different geographic locations to quickly and easily trade with each other.

Traders get access to different prices from a variety of market participants directly on their trading platforms and are shown the best bid and ask prices available in the market. The matching and execution of orders ensues automatically and in this way the trader can always be sure that the broker they are using does not have any dealing desk involvement against them or the trade is processed on an STP (straight through process) basis. For each transaction, traders are charged a small fee by the broker.