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What is ECN in Forex Trading

ECN stands for Electronic Communication Network. ECN Broker is one that uses electronic communications networks (ECNs) to offer clients direct access to other market participants in the currency market. Because ECN broker consolidates price quotations from numerous participants in the market, it has opportunity to offer its clients tighter bid/ask spreads than other brokers. ECN can be described as a link connecting smaller market participants with tier-1 liquidity providers through a Forex ECN Broker. This connection is achieved through sophisticated technology called FIX Protocol (Financial Information Exchange Protocol). On the first place, ECN broker receives liquidity from tier-1 liquidity providers (Major Banks) and offers it to its clients. Then, ECN Broker sends clients’ orders back to Liquidity Providers for execution. An ECN broker benefits from commission fees per transaction. The higher the trading volume of clients, the higher the broker’s profit. An ECN is an alternative securities trading system that collects, displays, and executes orders electronically without a middleman, such as a specialist or market maker. Trading on an ECN allows institutional and individual investors to buy and sell anonymously.

Best Bonus MetaTrader 4 Platform

ECN broker isn’t setting prices, there is no market making, only a flow of prices from liquidity providers to its traders. Best Bonus ECN model allows clients to trade on the global liquidity of world leading banks and qualified financial institutions.

Instant Trade Execution

ECN model ensures that all clients are equal and all have immediate access to prices. Clients can trade instantly on live streaming, best executable prices with immediate confirmations.

Best Bonus Lowest Spreads

Best Bonus ensures that our clients trade at best prices. This makes our spreads lowest in the industry. On ECN, clients have direct access to market prices. Market prices fluctuate, thus reflecting demand and supply, volatility and other conditions. Best Bonus ECN enables clients to trade on tight bid/offer spreads, which are one of lowest in the market.

Why Choose Best Bonus

Ask & Facts

Your application process will take 5-10 minute

Which account currencies are available?

The available account currencies are: USD, EUR, GBP.

Is it possible to open an account and make a deposit without sending my documents?

Yes. But you will be required to send your documents once you wish to withdraw your funds.