Questions to ask broker to determine if they are ECN?

Hi,

There may well be a thread on this already but I didn’t see it.

I was wondering what questions I should asking brokers to determine whether they are genuinely ECN brokers or not?

So many seem to say they are ECN brokers, but it’s becoming increasingly difficult to confirm which genuinely are and which aren’t.

Thanks!

Look for a well known broker with a high minimum account size. Personally I would not recommend to use a true ECN broker with a small capital, that being below 100k, due to high transaction costs for small trades.

Any [I][U]regulated[/U][/I] broker, in a normal country, who says that they’re an ECN broker when they’re not (in any promotion, advertising, or website, or email response) certainly isn’t going to survive for long.

We have to actually check if the broker that we are doing trades is a True ECN or not and it is very easy to do so :smiley:

Read their terms and conditions?

True ECN/STP Broker recommendations - Page 3 @ Forex Factory

You could try looking here