Thanks to you, too (and everyone else here) for an interesting journey into the world beyond our trading platforms!
Certainly, we should all constantly check facts and learn as best we can, afterall, this is our business that we engage in. I readily acknowledge that there is much that I do not know in this area.
One rather more positive observation. When ECN (or whatever your broker actually calls it) is working properly, we are actually getting better than Interbank itself! The broker is supplied with a range of quotes from its LPs and gives you the best of both sides. One may doubt this but, at least with my broker, my quotes on pairs like EURUSD frequently have zero spreads, and I just pay a Small commission. In fact, I often get positive slippage on my exits. I have no complaints with that whether it is genuine ECN or not!
Actually, it has always surprised and disappointed me why our broker colleagues on this site do not (or cannot) contribute to these types of discussions about how they function. (yes, I know, maybe that is another sign of "conspiracy"!). They could clarify a lot concerning the mechanisms and practices from the broker's side of the fence......
But in spite of the bad cases and suspicions that are reported here from time to time, there are surely thousands of traders who are happily just getting on and along with their trades. I cannot even remember the last time I actually contacted any of my brokers about anything other than routines and agreement updates etc.
But I must stop here as I just got this pop-up message:
So I wish you all a very happy Christmas season!
....now where was that turkey.....