Does a real ECN broker exist?

[bradley79]

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.

If I may add…
5. Spreads are also variable, as opposed to a MM’s fixed spreads.
6. Slippage can be positive and negative
7. No bonus schemes are offered (classic bucketshop trait)
8. No requotes - ever (another classic MM trait)