ECN (Electronic Communication Network) brokers connect your orders directly to a pool of banks and other traders, showing real market prices with very tight, variable spreads. They usually charge a separate commission and avoid the conflict of interest of a market maker, which suits active traders.
Forex Term
ECN
A broker model that routes orders to a network of liquidity providers.
Example
An ECN account might show a 0.1-pip spread plus a fixed commission per lot.
Related Terms
Recommended Brokers
IC Markets
Best ECN Execution
Visit IC Markets
Trading Forex and CFDs involves a significant risk of loss.
Pepperstone
Best for Copy Trading
Visit Pepperstone
Trading Forex and CFDs involves a significant risk of loss.
Risk
Forex and CFD trading involves significant risk of loss and is not suitable for all investors. Leverage can work against you. This content is educational and not financial advice — always do your own research.