Tatiana Dementieva
How to achieve success in Forex trading at lows costs and relatively fast? There are several ways. However, one of the best ways to do that is by making use of the ECN technology.
What is an ECN? It stands for an electronic communication network.
Who offers the best ECN trading conditions? ’s rating of Forex brokers can help us to answer this question. The rating is unbiased as it is based on 20 objective and transparent criteria, which cannot be abused.
In order to make it more convenient to read, decided to embrace several niches of today’s Forex broking industry. Each of them has its own nomination, like the “World’s Best ECN Broker 2013”, for example. FXOpen was recognized the best ECN broker in 2012. It revolutionized the industry by offering ECN trading through MetaTrader4, the most popular trading platform among Forex traders. It also managed to make spreads even tighter, simultaneously providing instant execution of orders.
On January 27th 2013, started another rating – World’s Best ECN Broker 2013. Apart from multiple criteria, started open voting, which is available to anyone. So you can cast your vote for the broker which (you think) is the best ECN broker.
Benefits of ECN Trading
According to Eugene Olkhovsky, ’s leading expert in financial markets from Canada, ECN trading used to be available only to big-scale traders. As the market kept evolving, new technologies allowed brokers to make ECN trading available to any kind of Forex traders, both rookies and professionals.
ECN (Electronic Communication Network) is a network that allows a trader to interact with other market participants directly, without mediators . In other words, it provides access to genuine interbank liquidity. The network makes it possible to trade big and fast. You pay a commission for utilizing the broker’s ECN along with spreads. That’s all! No hidden fees!
Today there are many broking companies who claim to offer ECN trading options. Therefore it is necessary to choose among those brokers that can offer you some of the industry’s most competitive ECN trading conditions.
Always check for client feedback and reviews on related forums and websites. Don’t forget to find out whether a certain broker is licensed by any major financial regulator (like the FSA, for example). Also pay attention to how long a certain broker has been in the industry. Broking companies with many years of experience tend to be more reliable. However, this factor shouldn’t be considered alone when choosing an ECN broker. If the company has won multiple prestigious awards, this is a plus for it.
By the way, these and many other factors are the criteria of ’s rating of Forex brokers . So, if you have no time to check all the required information on your own, you can always use the rating for that purpose.
Best ECN Broker 2012
As we have already mentioned, recognized FXOpen as the” World’s Best ECN Broker 2012”. The decision was made on multiple criteria, including the results of the year-long open voting.
Due to multiple innovative solutions, like ECN MT4 and the industry’s tightest ECN spreads (from 0.1 pips), FXOpen managed to outpace Alpari and Nord FX (number 2 and 3). The TOP 5 looks as follows:
If you want to participate in the voting for the Best ECN Broker 2013, please visit this page.
Tatiana Dementieva
