I think Risk is right. ECN stands for Electronic Communications Network, this signifies a type of network and the proper platform to allow communication, this is opposed to Open OutCry (The Pits) or Trading on the telephone. STP is Straight Through Processing and this is the one that retail FOREX (spot currency) traders have a fixation with. This signifies how the trade is processed. With STP you trade directly with others on your liquidity Hub, without the Broker/Dealer/Market Maker touching it. All electronic, as the NASDAQ, and futures.
Now how can one identify STP processing?
1. Spreads are really small, .5 pip and below
2. A fee is always charged per transaction
3. High minimum account balance 80 - 100 K USD
4. Minimum trade size, usually 4 k units of whatever.
So how does RedBull stack up, its a market maker, not a true STP, not very complicated. Weather or not they are trustworthy, honest, and all around good guys who knows, but they are not STP, not with those spreads.
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P.S RedBull REALLY ??????????