ECN STP Brokers: What Makes Them Different?
There is much confusion regarding both the trading strategies used by traders around the world and the orders execution models used by online brokers. And that’s especially true for the Forex world.
Words such as ECN, STP, DMA only create a lot of confusion in the head of a trader wannabe. And sometimes that may discourage the newcomers to keep trading or even starting to trade sometimes.
Today we are going to focus on two acronyms in specific regarding a category of brokers and their trading platform: ECNand STP brokers.
Before we continue, if you want an in-depth analysis of the subject we suggest you to check this page: https://investingoal.com/best-ecn-stp-forex-brokers/.
What Are ECN STP Brokers
ECN stands for “Electronic Communication Network” , while STP stands for “Straight Through Processing”. This new technology, which can be grouped in the macro-category of NDD brokers (Non Dealing Desk Broker), made it possible for nowadays traders to avoid problems of the past such as re-quotation and other problems caused by the market being too fast for that outdated tech.
Still, the main reason for traders to select ECN STP brokers is that they do not want the broker to be their counterpart when trading in a financial market when opening and closing orders. This avoids the risk of dealing with a broker which may have some interest in you having a success or a failure while doing your operations, and avoiding a basic conflict of interests.
With that being said, we want to show you our two picks for 2021 for the best ECN STP brokers available today and what they offer.
Pepperstone was founded only 10 years ago, but since then it won a series of awards and has always been a well-rounded regulated broker since the day of their foundation.
Starting to trade with this ECN STP broker is not difficult. To open an account you need to make a minimum deposit of at least $200, and you can even try out many features included in the service with a free demo. Those demo accounts are especially indicated for newbies and traders wannabe who may try all the trading strategies thoughts until then with 0 risks and without having to pay any money.
For the more experts instead, you have the possibility of maximizing your investments (and risks), with the use of a leverage up to 500:1, and 0 pips spreads.
- Regulated by: FMA, ASIC, FCA, MIFID-ESMA, DFSA, CYSEC, Offshore
- Trading Platforms Available: cTrader desktop, cTrader web, ZuluTrade, MT4 Desktop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms
- Leverage: yes
- Minimum Deposit Required:$200
Founded originally in Russia, this broker offers an extremely appealing ECN STP account with an incredible amount of financial tools (optimal for advanced trading techniques) and some of the tightest spreads available in 2021.
With forex spread starting from pips as low as 0 pips, many awards earned during the last years and a lot more to offer, you can start a trading account with Admiral Markets with an affordable deposit of just $100.
- Regulated by: FCA, MIFID-ESMA, ASIC, CYSEC
- Trading Platforms Available: MT4 Desktop, MT4 Web, MT5 Desktop, MAC Platforms
- Leverage: yes
- Minimum Deposit Required:$100