How Can You Tell If You Have an ECN Account?

Here are some ways you can tell if you have an ECN account:

1. They usually have non Fixed Spreads, all ECN brokers should have non fixed spreads.

2. They usually charge commission with non fixed spreads, if they don’t charge a commission please ask yourself how they stay in business.

3. They have rollover, all ECN’s will have to disconnect for 5-10 minutes at 5pm EST. If you can still place a trade at this time I would be wondering how they are getting quotes through, they are most likely taking the other side so that the trade goes through.

4. Finally, look for “requotes.” I have heard that some market makers or deal desks cancel demo and live accounts due to the trader’s profitability.

If you have anything else to add, please Contact Mike

About forexrobotblog

I have been a Realtor here in Miami, Florida for the last 10 years. Due to the housing bubble in 2008, I had to quickly reinvent myself. The new career I chose is to trade forex full time. My intention through this blog is to share ideas with you about my experiences in trading forex and to also collaborate with other serious forex traders. Feel free to contact me with any questions or comments you may have.
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