Comparison ECN and Market Maker

Today in forex trading market, there are only two main types of brokerage companies, they are: ECN and Market Maker. The ECN stands for Electronic Communications Network. These types of brokers don’t have a dealing desk with the human dealers, but they offer a complicated automated marketplace which consists of various banks and market makers. By trading with an ECN, the trader generally acquires a better price rather trading with a market maker.

 

 

Comparision                 Others               Market Maker Broker Details & Explaination

Requotes

Most scary senario for all traders. Market maker broker creates a requotes to decrease profit gain or to increase losses for trader. FXVV no dealing desk to intervene, so there are no re-quotes at all.

Completely Anonymous

All trading activity is totally anonymous. Anonymity enables traders to deal on actual prices, which reflect the real market conditions only and are not biased against the client's direction based on trading strategies, tactics or current market positions. Market maker will knows your open positions, trading style and tactics and can use this information to his advantage.

Seeing Depth of Market

Market maker broker do not display the available liquidity in the market. FXVV shows available volume at best bid and offer.

Instantaneous Trade Execution

FXVV does not provide a "last look" to price makers, so FXVV trades are final and confirmed as soon as they are dealt.

Client-to-Bank Trading

FXVV provide customer trade with the best price directly from the bank. Market maker getting price from nowhere.

Trade Againts Trader

Most of market maker broker may trade against you. In that case, there will be a conflict of interest between you and them but not with FXVV.

Transparency

The prices obtained by FXVV from our liquidity providers are 100% transparent.

Trade On Trading News Release During news,market maker will usually be a large amount of slippage; their systems may also lock up or not allow order placing during times of high volatility. FXVV allows all clients regardless of trade size to trade and place a new orders during trading news releases.

 

Pair Bid/Ask Min.
spreads
USD/JPY 1.3710 / 1.2345 0.8
USD/JPY 1.3710 / 1.2345 0.8
USD/JPY 1.3710 / 1.2345 0.8
USD/JPY 1.3710 / 1.2345 0.8
USD/JPY 1.3710 / 1.2345 0.8
USD/JPY 1.3710 / 1.2345 0.8
USD/JPY 1.3710 / 1.2345 0.8
USD/JPY 1.3710 / 1.2345 0.8

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