MY THOUGHTS ON THE BEST ECN BROKERS

How to pick the best ECN forex brokers? It’s clear that standards are essential for brokers to be recognized. But to what standards? This problem can be solved in an easy way. To be more specific, it is recognizable that US and UK brokers are more and more appealing to the number of traders because of their credibility. Cyprus brokers, for instance, are supplying their customers different good trading conditions such as: lower spread, lower margin, better trading platforms, better payment systems… Undoubtedly, with a view to knowing how the best broker is, people should pay closer attention to several criteria regarded as basic foundations. What makes a good broker? The answer is pretty clear. When a broker has enough standards, they will be more reliable. Hence, it seems to be pivotal for forex brokers to have these standards which pave the way for not only their benefits, but also their clients. The value of these things is not undeniable, thus traders should be more careful when trading with future brokers.

Here are some rated brokers in the globe now. What we can see from this table is the rating of some brokers. Especially, Exness now has the highest rating.

Some standards of best ECN brokers.

Several points should be more focused. Traders eventually want to know how a good broker is, they should care about some standards of brokers.

Reliable ECN brokers

Lower spread

Lower commission

Better payment systems to lower deposit and withdrawal fee.

Better rebate.

Better bonus

Better Trading conditions: Better quotes, developing more trading platforms, lower slippages, better execution speed, lower swap or fee swap.

Better local supports.

Best ECN brokers must be trustworthy brokers.

Of course, most ECN brokers can be trusted because they provide traders a lot of perks. Additionally, they always show their commitment whenever traders have problems. Choosing best forex broker would be an amazingly wonderful thing which ensures the secure of trader’s account.

Who are the best ECN brokers?

For all traders, ECN brokers are always the top of choice. Nowadays, due to some untrusted brokers, traders might lost their money in an absurd way. Brokers are normally offer more good trading conditions at the beginning. But, be careful! We need to show our understanding about regulations of brokers, which can be helpful for traders to have an apt decision in choosing best brokers.

What are regulations? Why should we know about them?

Brokers should have virtually specific regulations which traders can benefit from. It is preferable to trade with brokers that we already know clearly. Without understanding about future brokers could be a risky thing, traders thus need to consider carefully before trading with any broker. To a certain extent, regulated brokers are always more reliable by dint of following certain regulations. There are some regulations which regulated brokers must have.

Maximum Leverage

Quotes quality

Broker’s minimum operation fund.

Bonus

Segregated accounts to protect clients.

Advertising messages to avoid misleading for traders…

According to these regulations, traders will be able to capture some valuable information about what best brokers should have. From that, traders have more opportunities to opt for best forex brokers. Regulations are the one of the most vital factors which help traders have a good insight into brokers. In reality, in order to acquire reliable regulations, brokers need to pursue different standards. The more trusted regulations brokers have, the more trusted they are.

Brokers also have some negative aspects.

Normally, US/UK brokers are considered to be best brokers in the world. However, they sometimes have to tackle many dilemmas which will be showed below.

High spread and commission.

Higher margin requirements.

Less trading platforms supported.

Less payment methods…

It is true that forex brokers will not be able to offer their traders high leverage because of regulations. They are obviously controlled by these regulations which will lead to an adverse outcome. Their trading volume will be seriously affected, thus they will have less income. All brokers have spent a lot of money on buying assurance for their customers’ fund. Additionally, they are in charge of paying higher cost when pouring their budget into segregated accounts, which are really unbeneficial. Due to the fact that they do not have any chance to gain big profits, which are connected to charging higher spread and commission. If they actually desire to have a good financial status, it is advisable for them to have only one regulation. Normally, people are being captivated by some brokers, who have different regulations. Besides, it can be seen that US and UK regulations are not good at all, because traders cannot have the protection and assurance of these brokers. I think that before making a decision to choose best brokers, traders need to understand deeply about them. It is, sometimes, a problem that traders cannot grasp the utmost importance of some regulations from brokers. What we should do is to examine on what kind of regulation that brokers are having.

Here are some top rated forex brokers with their trading volume.

Exness: $400 Billions monthly.

XM: $300 Billions monthly

FxPro: $ 100 Billion monthly.

It is easy for trader to find some information related to trading volume of brokers. However, we should know some basic things about trading volume. Higher trading volume refers to a trusted broker, as I mentioned above, those 5 ECN brokers are much more experienced than others due to a longer appearance. Exness now can be the best one because it has a variety of good services and good trading conditions.

Is Exness payment system really fast?

In order to solve this question, we need to focus on one important thing. Exness has been making use of machine so that traders can withdraw money from their account easily and quickly. Everything will be simple if you choose Exness broker. If you want to know more about this.

How is ECN account?

In my opinion, lower cost and transparency are two positive elements of this kind of account. On the other hand, choosing ECN account would be more risky for beginners. Here are top 3 Best ECN quote brokers: Exness, FxPro, and ICMarket.

How do these brokers support their traders?

In fact, the majority of traders are supported online and only English by almost brokers. Nevertheless, these five brokers that are now supporting their customers over 20 languages. They are always available for 24/7 which can be a good point for their clients. It is essential to help traders whenever they have problems. Traders can be attracted by brokers that support them a variety of languages and other supports. It is a better option for traders to come to 5 brokers which are always available to assist them in some urgent situations.

Here are some brokers with best trading support:

Exness supports 13 languages and 24/7

XM supports 30 languages and 24/7

FxPro supports 19 languages