Table below explains the main differences between an ECN and a traditional broker trading.
|
ECN Trading Model |
Fixed Spread Broker |
Explanation |
|
|
ANONYMITY |
YES |
NO |
On dealer platforms, the dealer knows when your position, trading style and tactics can use this information to his advantage. |
|
CLIENT-TO-BANK TRADING |
YES |
NO |
On the FXCC ECN, you can trade instantly on prices streamed by leading FX banks. |
|
RE-QUOTES |
NO |
YES |
Re-quotes are common in traditional spread trading. FXCC does not re-quote. The platform’s technology and strict price/time dealing protocol are designed to fill your trade at the price shown on the screen. |
|
CONFLICT OF INTEREST |
NO |
YES |
FXCC doesn’t take positions against its clients at all. |
|
TRADING DURING ECONOMIC RELEASES |
YES |
DEPENDENT ON BROKER |
FXCC allows all clients regardless of trade size to trade and put in new orders during key economic releases. During these releases, and at times of unusual market volatility, bid/offer spreads are wider than those available during ‘normal’ market conditions. |