awesome Aussie true ecn broker
... and there are 'false ECN Brokers'?? ;-)
For smaller lots and losing traders - in effect - they are 'false ECN brokers', i.e. they trade small lots and losing traders' trades 'in-house' by 'B-booking'. They play the casino inside the casino.
There is nothing wrong about providing in-house liquidity (i.e. 'B-booking') if done HONESTLY without using ''virtual dealer plug-ins''. Unfortunately, 'in-house' booked trades eventually and always get the infamous 'virtual dealer plug-ins' parasite software sold by dozens of vendors on Forex Expos. Please see the introduction from the manual of a plugin vendor attached (unless Admin removes it).
These 'plug-ins' are applied by brokers usually 2-3 months after a new client arrives, so these traders get 'comfy', less vigilant and carry-on their initial good impression. But eventually the 'honeymoon' is over... Should the client be CONSISTENTLY profitable and/or trading LARGE lots (i.e. 50+ lots) they are moved to the 'REAL ECN', i.e. 'A-booked' group, so the broker can - legitimately - claim being a ''TrueECN'' broker - at least for these clients...
How do I know...? I talked to a few owners of brokerages and industry insiders who had 'confessed' these facts to me. Some even admitted to not having any Liquidity Provider connection at all, i.e. 'B-booking' and 'plugging-in' EVERYBODY.
The only way to see the real impact of these 'virtual dealer plug-ins' is running the same exact EA from the same exact VPS simultaneously and checking the total pip gains after a few weeks (on older accounts, i.e. not in the 'honeymoon' period). That is what I have done, and seeing the striking difference between the accounts' performance was the tipping point to move most of my funds from ICM to a pure ECN - FCA regulated/FSCS insured - UK broker.
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