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STP Forex Brokers VS ECN Forex Brokers
Abstract：Forex trading is considered one of the most profitable financial businesses. There are various types of brokers allowed us to choose from. In today’s article, we will explain the difference between the Straight Through Processing (STP) forex broker and Electronic Communications Network (ECN) forex broker. By comparing the difference, we expect the traders can have a better understanding of different types of brokers and which types of brokers they should choose from.
What STP Forex Broker is
The acronym STP stands for Straight Through Processing. Through Straight Through Processing technology, STP brokers route trades directly to the market. The business model is a No-Dealing Desk (NDD). The accuracy of the quote and the speed of trade processing make STP brokers a preferred choice for traders.
What ECN Forex Broker is
Electronic Communications Network (ECN) forex brokers only offer routing services for investors‘ trading. The forex broker can route the orders through to the central interbank market without dealer intervention. The bank that fills the order does not know the investors’ identities and where the stop order is placed.
STP VS ECN
Both STP and ECN brokers offer direct market access through no-dealing-desk models. Both of them send your trades directly to the market. In contrast, ECN brokers act as liquidity centers, bringing together banks and financial institutions to compete for your trade. Having an ECN account means faster execution speeds and lower spreads
ECN brokers, however, route transactions to a pool of liquidity providers that they work with. Additionally, they usually have a smaller minimum lot size (0.1, or 10,000 units of the base currency).
Example of STP forex broker
Pepperstone is a broker providing Forex and CFD trading services, founded in 2010 by a management team with extensive experience in the Forex and IT industries. Pepperstone offers the Standard STP account for investors. The main spreads for standard STP accounts are 1.2-1.6 for USD/EUR and 1.2-2.2 for GBP/USD, with no commission required. According to some reports, Pepperstone has been rewarded as “ The best STP broker for the beginners 2022”.
Example of ECN forex broker
IC Markets is a leading forex broker around the globe, offering various solutions for active traders, day traders, scalpers, and more. IC Markets offers three different types of accounts, which are Raw Spread Accounts (cTrader), Raw Spread Accounts, and Standard Accounts. The minimum deposit for the three types of accounts is €200,
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Fidelity Exposed: Traders Complain About Withdrawal Denials, Frozen Accounts & Platform Glitches
Does Fidelity Investments prevent you from accessing funds despite numerous assurances on your requests? Do you witness an account freeze by the US-based forex broker every time you request withdrawal access? Do you struggle with an unstable trading platform here? Is the slow Fidelity customer service making you face forced liquidation? These issues haunt traders, with many of them voicing their frustration on several broker review platforms such as WikiFX. In this Fidelity review article, we have shared quite a few complaints for you to look at. Read on!
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Exposing The Trading Pit: Traders Blame the Broker for Unfair Withdrawal Denials & Account Blocks
Did you receive contradictory emails from The Trading Pit, with one approving payout and another rejecting it, citing trading rule violations? Did you purchase multiple trading accounts but receive a payout on only one of them? Did The Trading Pit prop firm refund you for the remaining accounts without clear reasoning? Did you face account bans despite using limited margins and keeping investment risks to a minimum? These are some raging complaints found under The Trading Pit review. We will share some of these complaints in this article. Take a look.
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M&G Review: Traders Report Fund Scams, Misleading Market Info & False Return Promises
Applying for multiple withdrawals at M&G Investments but not getting it into your bank account? Do you see the uncredited withdrawal funds out of your forex trading account on the M&G login? Does the customer support service fail to address this trading issue? Does the misleading market information provided on this forex broker’s trading platform make you lose all your invested capital? Were you lured into investing under the promise of guaranteed forex returns? These issues have become highly common for traders at M&G Investments. In this M&G review article, we have echoed investor sentiments through their complaint screenshots. Take a look!
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INZO Broker MT5 Review 2025: A Trader's Guide to Features, Fees and Risks
INZO is a foreign exchange (Forex) and Contracts for Difference (CFD) brokerage company that started working in 2021. The company is registered in Saint Vincent and the Grenadines and regulated offshore. It focuses on serving clients around the world by giving them access to popular trading platforms, especially MetaTrader 5 (MT5) and cTrader. The company offers different types of trading instruments, from currency pairs to cryptocurrencies. It aims to help both new and experienced traders. Read on to know more about it.
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