What is the best ECN forex broker?

[gerryg]

I think it really depends what you're looking for. Tighter spreads on ECN but instant execution on MM/DD. However, like a lot of people have said here, execution on most modern ECN platforms is pretty much instant with no re-quotes.

Only when you don't run scalping EA's or trading news. In this case execution is pretty sh**ty on most because its a true test of their services. It took me several years and a lot of lost money to understand who is who

 

[hatemypips]

Only when you don't run scalping EA's or trading news. In this case execution is pretty sh**ty on most because its a true test of their services. It took me several years and a lot of lost money to understand who is who

So which broker did you eventually choose?

 

[aa9]

Finding a decent and true ECN broker is very difficult these days. For me, I struggled a lot but after reading positive reviews and testing their demo account I chose COINEXX, that’s when my journey to find a true ECN broker ended. There order execution policy is so good plus they offer high leverage and best brokerage deals. Every issue is resolved under 24 hrs. You guys should try their demo account to verify for yourself.

 

[hatemypips]

To be honest it is very tough to identify a True ECN broker. But I have experience trading with few ‘ECN by Association’ brokers like FXCC. I have had experience with them multiple fake candles! I have screenshot.

First point is, a scam broker won’t ask you twice for verification but Tickmill ask me twice to send my documents. I had to provide my Passport and rejected my ID card! (No FX broker did before, I have open account with more than 20 brokers with this ID card!) They wanted a paper scan (after providing the digital pdf)! I believe this is a great sign.

I traded the rumor of today (Trump threaten N.Korea) , I had 4 short at USDJPY and all of them was close in positive slippage! ( one of them was 3 pips), Nobody does that unless a true ECN. Never found re-quote! And you can set SL anyway you like no minimum PIP requirements. And they offer no big offers which is a big sign of a good ECN broker.

Hope this will help newbies. Hope they will ignore those broker who offers so much free stuff.

Well I heard that trustworthy brokers have strict rules for their clients, for example some of brokers will reject your application if you don't meet qualification requirements (like IB). Well best trade-off for me is ease of access and proper license that's why I choose tickmill, and I have to note I didn't have any problems with verification they even accepted proof of address as an exclusion from their rules because I couldn't provide one from their accepted forms.

You can also try Нotforex they have hot thread here probably their specialist can help you to facilitate verification.