ECN

Comparatively ECN brokers are regulated and they are better than many of the fixed professional traders offering a fixed spread. A flexible spread is offered by an ECN with more possibilities of success as well as commission based orders from the customers. If you choose a professional middle man with fixed spread, then you will be doing costly trading. With help of an ECN professional, the real depth of the market can be seen. Also, the real supply and demand for the market can be found easily. The number of orders bought and sold at specified price thresholds of the ECN man can also be seen. Moreover the one who is responsible for buying and selling orders is unknown so this kind of trading is anonymous. This is probably the greatest advantage of this genre of trading.
The transfers of the money are mostly done by the credit card. The ECN systems do not generally allow the transfer of funds via bank wire or any other method. As already explained, the ECN brokers will transfer the orders to the inter bank trading. He will not be trading opposite to their clients. The ECN is a system of channels linked to the inter bank trading. The usual starting cost ranges from 5000 U.S dollars to unlimited amount. This amount is required to open an account with ECN.

The transfers of the money are mostly done by the credit card. The ECN systems do not generally allow the transfer of funds via bank wire or any other method. As already explained, the ECN brokers will transfer the orders to the inter bank trading. He will not be trading opposite to their clients. The ECN is a system of channels linked to the inter bank trading. The usual starting cost ranges from 5000 U.S dollars to unlimited amount. This amount is required to open an account with ECN.