- ECN is the abbreviation of Electronic Communication Network. ECN brokers use a trading platform which is electronically connected to the network of international banks or liquidity providers. When you trade forex through that brokers it means you are trading with the real and true international markets.
- STP stands for Straight Through Processing. From the start to the end, Everything is done automatically and electrically without any manual intervention.
- Market maker brokers, on the other side, quotes both a buy and a sell price in a financial instrument or commodity held in inventory. Their purpose for doing that is to make a profit on the bid-ask spread or turn. In other words, a market maker is a firm that stands ready to buy and sell stock on a regular and continuous basis at a publicly quoted price.
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XM Forex broker is one of the most popular and well-known forex brokers around the world. XM has the licenses of the world’s leading regulations such as forex, FCA, and CySEC, ASIC
XM basically offers 3 different account types to its customers. These are Micro account, Standard account and Zero account. The minimum deposit is just $5 and spreads are competitive.
You should find more details about the broker in my XM Forex review.
Pepperstone is another most popular forex brokers located in Australia. The Company was founded in 2010 by a group of industry professionals with many years of experience in forex and technology fields.
Pepperstone is an award-winning broker and offers its clients tight spreads. The broker has great customer support. The maximum leverage is 1:500 and it is quite high.
For more information and deep analysis, you can read my Pepperstone review.
IC Markets is the forex broker with the third highest score on my list. The broker draws attention with its low ECN spreads.
The trading conditions that IC Markets offers are similar to those offered by Pepperstone. You can see the differences in my IC Markets vs Pepperstone article.
You can also find more details about the broker in my IC Markets review.
Admiral Markets is a forex and CFD broker which was founded in 2001. The broker is one of the most known brokers around the world.
Admiral Markets is a reliable forex broker. There are four companies behind the broker and all of them are regulated with different watchdogs. These watchdogs are FCA, ASIC, CySEC, EFSA.
The minimum deposit is $200, the maximum leverage is 1:500. And, the broker offers various trading instruments.
For more, you can check my Admiral Markets review.
The last broker I’m going to talk about in this article is Blueberry Markets. The minimum deposit is $100, the maximum leverage is 1:500. Trading conditions are competitive.
I’ve added all the information about this broker in my Blueberry Markets review.