ECN v MM Forex Brokers

Broker Discussion Forex Brokers
1

Does trading with a Market Maker over and ECN forex broker matter to you? Why?

Or the ‘dreaded’ B-book of an ECN. Why do you care? If the broker is regulated, they’re paying you out and you will be moved to STP when or if you ever reach a big enough account size that can actually hurt the broker’s bottom line.

Sometimes as a smalltime trader who isn’t trading big size or consistently profitable, you’re actually better with a MM. Too many smalltime traders get caught up in this argument.

What are your thoughts approaching the ECN v Market Maker broker argument from this angle?

2

Let me add my 2 Loonie cents.

If you’re a new trader, just also make sure you understand that variable spread/slippage IS NOT the devil. It means they are aggregating prices and not feeding your trades through a dealing desk.

This point gets overlooked way too much in the ECN MM debate.