ECN or STP ?

Which platform is more appropriate to the concept of scalping ? ECN or STP ? any advantage from one more

ECN 100%

ECN my friend

ECN brokers should offer you tighter spreads and an overall better trading experience.

In a way, your question is not valid as STP brokers no longer exist in many parts of the world due to regulatory changes. Your only real options when choosing a retail Forex broker are ECN or market market.

I hope this helps.

ECN” stands for “Electronic Communications Network”. ECN brokers construct and utilize such networks to match their client's trade orders directly with others.

ECN, you get tight spreads.

raybill posted:
ECN, you get tight spreads.

True! This is why, I prefer the business model of ECN trading brokers!

my vote too goes to ECN.

Can someone explain WHY ECN is better than STP. They seem very similar to me

Don't confuse ECN/DMA and NDD/STP . ECN and DMA - there are platforms, STP/NDD - there is technology of order execution/processing. ECN/DMA involves STP technology.

Pikasso posted:
Don't confuse ECN/DMA and NDD/STP . ECN and DMA - there are platforms, STP/NDD - there is technology of order execution/processing. ECN/DMA involves STP technology.

That’s the story! Thanks for your meaningful words!

Adribaasmet posted:

Pikasso posted:
Don't confuse ECN/DMA and NDD/STP . ECN and DMA - there are platforms, STP/NDD - there is technology of order execution/processing. ECN/DMA involves STP technology.

That’s the story! Thanks for your meaningful words!

Whatever; I would like to use ECN type trading broker because of the business model!

before choosing a broker its more appropriate
to trade with a small account to see the real performance of any broker.

Mohammadi posted:
before choosing a broker its more appropriate
to trade with a small account to see the real performance of any broker.

It’s good idea; but as I see; a number of traders follow this way since it’s a long term process! But the point is; it’s a secure way of selecting a trading broker!

Pikasso posted:
Don't confuse ECN/DMA and NDD/STP . ECN and DMA - there are platforms, STP/NDD - there is technology of order execution/processing. ECN/DMA involves STP technology.

I’ve been trading at ECN a/c with Turnkeyforex for past 9 months but they also have separate account called STP a/c, what are the differences between these two?

stp brokers can take opposite side on some losing traders then sends rest winning trades to ecn. so always go ecn.

Stick with ECN fully independent. Go to market to get a trade. Do not rely on some broker matching at their chosen rate

flashoutline posted:
Stick with ECN fully independent. Go to market to get a trade. Do not rely on some broker matching at their chosen rate

Yes; it’s our own decision & traders need to select their broker only based on their trading requirements only!

Its ECN for me anytime.