hi hess,
FXCM's MT4 executes all orders through No Dealing Desk execution. Each order is executed back to back with a major global bank or financial institution. This is outlined on the website and in the trading agreement to open an account.
Quote:
Originally Posted by hess
Try Nordmarkets a swedish broker. They have true ECN feed but for an account size of 10k for smaller accounts 2k they have a mini. For mini they do have a dealing desk but spread is just 1 pip on U
They use the bank of Nordea which is they say a prominent scandinavian bank and regulated by the swedish authorities.
What struck me about them was their honesty. When i asked about mini acccounts they representative told me they can't pass on mini account orders to banks via their ECN coz banks dont accept such small orders so they hedge it manually. This dosen't mean they trade against you or spike spreads.
FXCM calims they pass on all orders on MT4 to banks which is probably not true.
I'm seriously looking into nordmarkets.
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