Hey, can someone recommend a good ECN broker for beginners? Preferably one that accepts small investments. Thanks!
4 Answer
R
rizki rosadi
19 Dec 2020, 16:48
@Ratih: There are many. To make it easier, please see the review of a list of 7 best ECN/STP brokers for Indonesian traders that has been reviewed on this site.
Alpari
FXOpen
Exness
Liteforex
FBS
OctaFX
Tickmill
Thank you
M
Melinda
28 Dec 2020, 11:26
Why do many traders seek ECN brokers?
R
Rian
28 Dec 2020, 22:35
IC Markets & Tickmill
N
Nicolas Saputra
29 Dec 2020, 17:29
@Melinda ECN brokers are definitely not market makers. The spread is very thin, for EURUSD it's 0 spread but there is a commission fee per lot. The capital is small, 10USD is enough to trade. ECN is very good for beginner traders.
My advice is to use 2 brokers, so you can compare price charts, avoid broker fraud. But so far, the ECN brokers I use have been fine. It's better to use foreign brokers.