i wonder if ECN does really exist in brokers claiming it to be? or it is just a plain marketing to attract investors?
and does legitimate broker really exist in forex or all of them are just bunch of scammers that will eat up all your capital?
Usualy 'ECN' brokers are scammers. There are some I tested and they 'eat' my money:
gaisny.com, umofx.com, arafx.com,... There are guilty cases and some of them are already marked as SCAM.
Even regulated brokers are players (ufx.com) - when you put withdrawal request they simply ignore you because they know lot of traders wont go further than wrote some emails to their support and then just leave the money there...
Im writing about my experiences, so yours can be different ;)