What makes ECN brokers so popular?

The forex trading market is continuously witnessing ups and downs with so many new technologies coming up along with the trading methods. The conventional forex trading is still one of the most popular forms of trading but many traders have now started investing in wider spreads and modern trading methods. The ECN brokers are also offer the latest trading support and are quite different from the traditional brokers. The convenience and outcome generated by the ECN broker has actually changed the trading method to great extent and has also introduced the all new broker exchange model. These brokers have found lot of popularity as compared to the traditional brokers because of the following advantages.

Benefits of ECN Brokers

• They offer trading with no dealing desk execution means there is no intervention from the third party or any other counter party.
• You will get access to all available interbank trades and hence would get better spreads to trade for.
• The orders are executed immediately without wasting any transaction time and hence the profit share is higher.
• The spreads are wide and the commissions are either nominal or free. The trader may save lot of money being wasted on lower spreads and hence pay only nominal commission. This will again increase the profit share.
• The scope of trading is very wide in this type of trading as there are many metals, commodities and currency pairs ready to be traded.
• The best thing about ECN trading is that the entire process is automated and many automation tools are used to ensure smooth and beneficial trading

The above advantages of this trading system have helped the market makers to become the ECN brokers and thus change the trading model completely. This has paid great gains to many.