ECN Brokers (Electronic Communication Network) – a virtual marketplace that provides traders with open access to information about orders entered in the ECN and work on the stock exchange or OTC market makers and other users of the network, which also allows you to execute these orders each against each other partially or completely.
Customers of companies such as Ecn forex brokers are trading with each other and protected from non-market risks that arise when trading via the market maker. Brokers ecn – it is obligatory presence of high domestic liquidity, which provides the possibility of making a large part of the transactions of traders with each other within the company.
ECN Brokers are not the players against the client, which are the market makers and brokerage firms other species.
ECN forex broker earns only by the commission, which he receives for each transaction carried out by you. Broker ETSN automatically displays each of your counterparty to the transaction, that is, who put the best at the moment quotation. At the same time, opening and closing positions may account for the different counterparties.