I'm having trouble finding out how to place stop losses with an ECN Broker, InteractiveBrokers. Does anyone have any idea on how to place stop losses? Does anyone have an ECN broker? Thanks
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DislikedI'm having trouble finding out how to place stop losses with an ECN Broker, InteractiveBrokers. Does anyone have any idea on how to place stop losses? Does anyone have an ECN broker? ThanksIgnored
DislikedI'm still trying to work out how brokers can claim to be an ECN if they take trade sizes that the banks cant process, or has the definition of an ECN changed since I last looked? Brokers who accept trades less than one standard lot (100,000) may well be STP and as such you get basically the same setup, if not better in some instances, but they are not ECN.Ignored
DislikedMB trading are an ECN and let you trade smaller amounts but they will charge a fee as well as spread but the spreads are pretty small. They are not suitable for me personally as the leverage is not great and their MT4 is not very good but they might suit some peopleIgnored
DislikedI'm still trying to work out how brokers can claim to be an ECN if they take trade sizes that the banks cant process, or has the definition of an ECN changed since I last looked? Brokers who accept trades less than one standard lot (100,000) may well be STP and as such you get basically the same setup, if not better in some instances, but they are not ECN.Ignored
DislikedI'm still trying to work out how brokers can claim to be an ECN if they take trade sizes that the banks cant process, or has the definition of an ECN changed since I last looked? Brokers who accept trades less than one standard lot (100,000) may well be STP and as such you get basically the same setup, if not better in some instances, but they are not ECN.Ignored
Disliked>>how does this benefit me as a new trader?
my first broker ever was an ECN (i think).
Afther that i went for a cheaper, 0.5 spread broker.
AWFUL! It had a lousy STP:
- 4 decimals on price
- asks for Requote once every 10 orders
- takes exacly 12 seconds from "buy" to actually place order
those are few of the differencesIgnored
DislikedECN is thrown around a lot as a sales pitch more than anything else. There's always something fishy going on behind the scenes to a certain extent which you will know if you read their fine print. Best thing is to do your homework and find a broker who has a very high quality reputation ECN or not and then move forward.Ignored