Find and compare ECN brokers (Electronic Communication Network). An ECN broker should be plugging you in to an anonymous pricing pool, where the volume weighted prices are available to choose from (VWAP).
In reality most “ECN brokers” are actually only offering a pricing model loosely described as ECN, with your order handled on their A or B book (wolf in sheep’s clothing). You can see the execution venues in the broker’s “Best Execution” policy nowadays – Tier 1 brokers have to disclose these. Often a entity within the broker’s Group is the execution venue.
An ECN trading account should provide ultra low or raw spreads, with your fees paid to the broker via a trading commission.
Deposit is a recommendation. Spreads are the brokers’ lowest advertised prices. Leverage is the maximum offered by the brand, and may only be available “offshore” . Use the full broker comparison table to search and filter for full details on each broker, and many more. Click on All Details to view a list containing all the broker’s information. Please do report any inaccuracies to us.