ECN trading one of the most efficient of the forex markets today. FCM Forex zero-commission ECN account offer direct access to strong liquidity provider.
Electronic Communication Networks or ECNs are one of the most favored and efficient constituent of the forex market today. ECNs act as a bridge that links smaller market participants, like retail investors, with tier-1 liquidity providers through a Forex ECN STP Broker using sophisticated technology setup called FIX Protocol (Financial Information Exchange Protocol), ensuring utmost safety of the data and all transactions. The best ECN STP Brokers obtains cash for the client’s transaction from their liquidity provider, often a major bank or financial institution, and delivers client’s order to them for execution, benefiting from commission fees for each transaction, making it a volumes business for them.