If you’re in the initial stages of developing your strategies & looking to get some experience of live trading on a limited budget, then I’d maybe look towards someone like MB Trading (the old EFX). At least they appear to adopt an ECN type approach to trading.
When you’ve gained a foothold on the ladder, possess more experience with your trading management, strategy & execution skills, & can ramp up your account & size structure, you might want to explore the benefits of Hotspot FX & maybe Interactive Brokers. Both those firms adopt ECN templates. Just google them to explore the options & benefits.
I would avoid fixed spread brokers like the plague if I were you. Their business model & general behavior out there leaves an awful lot to be desired.
They totally control the play field in which you operate. You’re basically playing their rules not the markets.
Try stack the odds as firmly in your favor as possible from the outset, & you’re certainly not achieving that aim if you deal via the likes of those outfits.
That’s the best we can do on that subject I’m afraid. Always ensure you check & double check before making a decision!!
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