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Best ECN

  • #1
  • First Post: Apr 16, 2010 9:17pm Apr 16, 2010 9:17pm
I am looking for the best ECN broker with high liquidity to handle extra large trading volume.

Something which has direct market access instead of routing through third party means.

If you are a broker, then kindly contact me for a long lasting mutually fruitful relationship.

But, if anyone has experience with one and found it good for handling institutional accounts then please let me know.

I need to finalize my choice within 4 days of this post.

Thanks in advance.
  • #2
  • Apr 16, 2010 9:58pm Apr 16, 2010 9:58pm
http://www.currenex.com

PS: they are not ECN, but STP, STP is real access to interbank market, ECN is routing.
  • #3
  • Apr 16, 2010 10:29pm Apr 16, 2010 10:29pm
Quoting Trad3r
http://www.currenex.com

PS: they are not ECN, but STP, STP is real access to interbank market, ECN is routing.
thanks, i love this solution

will get in touch with them on Monday
  • #4
  • Apr 17, 2010 12:25am Apr 17, 2010 12:25am
Sorry I don't understand, is currenex a broker or a technology? Also how does a retail trader get it?
  • #5
  • Apr 17, 2010 2:25pm Apr 17, 2010 2:25pm
Quoting pa18
Sorry I don't understand, is currenex a broker or a technology? Also how does a retail trader get it?
For retail traders I think there are many brokers that offer a Currenex based account like Alpari Direct Pro or FXCM Active Trader, there are many more but I don't remember where I saw the list of brokers. The problem is you need 25K+ US$ to invest.

If you don't have this capital you can try ECN brokers like MB Trading or Dukascopy, ECN it's similar to STP, but your trades are hedge to another clients of the broker or to the banks, although the number of banks that your trades can be route are about 10 instead of 70 of Currenex.
  • #6
  • Apr 17, 2010 6:55pm Apr 17, 2010 6:55pm
MBTrading - Dukascopy - Interactive brokers - FXOpen Take your pick.
  • #7
  • Apr 18, 2010 3:24am Apr 18, 2010 3:24am
FXOpen ECN is Dukascopy. FXOpen have had a bad reputation so it may be better to wait for Dukascopy to go live with their own MetaTrader offering (which is still in beta stage).
  • #8
  • Apr 18, 2010 3:33am Apr 18, 2010 3:33am
Quoting Trad3r
For retail traders I think there are many brokers that offer a Currenex based account like Alpari Direct Pro or FXCM Active Trader, there are many more but I don't remember where I saw the list of brokers. The problem is you need 25K+ US$ to invest.

If you don't have this capital you can try ECN brokers like MB Trading or Dukascopy, ECN it's similar to STP, but your trades are hedge to another clients of the broker or to the banks, although the number of banks that your trades can be route are about 10 instead of 70 of Currenex.
Thanks for the response Trad3r, that makes things clearer.

So it's better to trade STP than ECN because it's a matter security (counterparty I guess) and also the more liquidity on a currennex?

Strange, I always thought dukas was a STP ...
  • #9
  • Apr 18, 2010 5:17am Apr 18, 2010 5:17am
Hi,

I am looking for an ecn like fxbroker as well (with mt4 if possible). I came across Dormanfx this morning and think I will contact them tomorrow. Check them out for yourself, looks like a reputable firm (if anyone disagrees on that, please let me know).

Thanks,

pbb
  • #10
  • Apr 18, 2010 4:28pm Apr 18, 2010 4:28pm
A little searching can go a long way..

http://www.forexfactory.com/showthread.php?t=228110

http://www.elitetrader.com/vb/showthread.php?s=&threadid=189472
  • #11
  • Apr 23, 2010 7:26pm Apr 23, 2010 7:26pm
Quoting Trad3r
http://www.currenex.com

PS: they are not ECN, but STP, STP is real access to interbank market, ECN is routing.
just a question

what is the lowest possible commission structure, considering we do not opt for spread based brokers

i am more interested in choosing the broker with the minimum commission structure and which will permit trading in multiples of 1K or 10K standard lots.
  • #12
  • Apr 30, 2010 4:19pm Apr 30, 2010 4:19pm
i am also looking for a ECN or STP. this is only to get the lowest spread.

i am concluding the optimization of a scalping EA that needs the lowest spreads i can find, obviously with a low openining account (up to 5000$ is ok, up to 10 000 also doable, more than that might not be that easy, 20 or 25 000 seems very unlightly at the moment).

i have heard well of ATC.

also might be worthwhile looking at www.mt4spreads.com (http://www.mt4spreads.com) .

i see that there are a couple of names with spreads so low it seems to good to be true.

anyone with meaningful experience with any of these?

hapipipin
dreams do come true.
  • #13
  • May 7, 2010 8:08am May 7, 2010 8:08am
i am also looking for something with low spreads
  • #14
  • May 10, 2010 1:57am May 10, 2010 1:57am
FXLion,

Try fxdd -currenex. Yes you need to have capital of 25K to start.
  • #15
  • May 10, 2010 3:59am May 10, 2010 3:59am
Hope you're not talking about FXDD retail currenex platform....

Try LCGfx... 25k start up.
  • #16
  • May 11, 2010 4:53am May 11, 2010 4:53am
If i could go that hi i would be ok with Alpari UK with 20k$

i am thinking of FXCBS only 3k startup...

a friend is opening an account there and i will be looking for his feedback on them.

hapipipin
dreams do come true.
  • #17
  • Edited 5:20am May 11, 2010 5:10am | Edited 5:20am
You should do your research.

Alpari is also a retail currenex platform with crap spreads and commissions. Alpari direct pro might be good, I don't know, but I've heard there commissions are high so I won't bother. Your not going to get a real good ECN that doesn't have a market maker model unless you have the capital for a real account. 3k, 5k accounts... I'm sorry but you won't find it.
  • #18
  • May 11, 2010 7:11am May 11, 2010 7:11am
FX OPEN is an MT4 ECN, and before people start bashing them, I am with them ok, and they've been great.
  • #19
  • May 11, 2010 12:20pm May 11, 2010 12:20pm
Quoting wannaberich
i am thinking of FXCBS only 3k startup...

a friend is opening an account there and i will be looking for his feedback on them.
Enjoy paying 2.5% of your account before you even begin trading as a "deposit convenience fee".. Another one born every minute...
  • #20
  • May 12, 2010 5:47am May 12, 2010 5:47am
i wouldn't enjoy it but if it allows me to start trading ECN with low spreads (essential for my EA) then i would say those 75$ would be well spent... IMHO of course.

Quoting Trader KGB
Enjoy paying 2.5% of your account before you even begin trading as a "deposit convenience fee".. Another one born every minute...
dreams do come true.
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