volume. Cost may be also the outcome of slippage. ECN/STP brokers offer by rule
the lowest slippage in the market.
The ECN/STP Forex brokers are the only choice of professional and advanced Forex
traders and the only choice for all those wishing to trade Forex via automatedtrading systems (explained in Chapter-7).
Note: Not all ECN/STP brokers offer good trading terms to their clients. There are
good, medium and bad performers as in every other industry.
Here are two examples of an ECN/STP Broker offering EURUSD:
i)
ii)
EURUSD spread at 1.4 pips without any trading commissions
EURUSD spread at 0.4 pips plus $3.5 commission per $100,000 volume
The Essence of Trading with Regulated Forex Companies
Reliability is priority number one when your industry is the Online Financials.
Everyone who wants to trade the world’s currencies needs a reliable Forex Broker.
There are hundreds of Forex Brokers available in the market, but it is extremely
important to trade only with those that are high regulated and reliable. Regulation
means that a company is supervised and controlled by external independent bodies.
Regulation works as a great incentive for any broker to behave ethically and respect
his client’s interests. Another factor that adds reliability to a Forex Company is the
existence of Segregated Client Bank Accounts. That means that when you make a
deposit your funds are safely deposited in an external bank. The country where a
Forex Broker is situated also matters, avoid companies situated in offshore countries.
Offshore countries are providing weak legislative frameworks regarding corporations,
and that is not good for any online trader.
Here is a list with some High-Regulated Forex Brokers offering also segregated Bank
Accounts to their Clients:
Forex Guide v1.0 – Qexpert.com
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