Advertisement

What is an ECN broker?

CFD & Forex brokers are generally either Dealing Desk or Non-Dealing Desk brokers. Dealing Desk brokers are also called Market Makers.

But if we look further in the Non-Dealing Desk category, there are 3 more types. 

  • STP: Straight Through Processing
  • ECN: Electronic Communication Network
  • STP+ECN: Hybrid

ECN brokers use (as their name suggests) electronic communication networks to give access to markets for their users. They are also. Non-Dealing Desk brokers. Here, liquidity providers are interconnected in a form of a hub. Usually, commissions are fixed, with ultra-tight, floating spreads, with a 0.1 lot minimum.

What type of broker is IC Markets?

IC Markets is an ECN broker.

IC Markets: further reading

Author of this article

Bence András Rózsa

Author of this article

Bence András Rózsa is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors.

Bence András Rózsa

Broker Analyst

Bence András Rózsa is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Share

Comments

×