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Category Archives: ECN Forex Broker
What business model does the broker use? Some brokers are market makers while others are ECN brokers, providing a dealing desks for many traders.
Then, there are market makers who are constant buyers and sellers of the Forex market. When an investor buys a currency and decides to sell it a second later, market makers stand by and buy the currency, even when there is no buyer interested in that currency at the moment. You can look at market markers as the go-between, buying and selling currency when they become available.
Three: You need to make sure you know what services they offer. Do they offer the currencies that are the most important, (AUD, CAD, CHF, EUR, GBP, JPY AND USD)? Find out what whether their operating hours align with the Global Forex market’s hour of operations.