STP&ECN Forex Brokers: Different types of forex brokers all work off the same trading protocols, but they all have different ways to accomplish that. These forex brokers can be thought of as the different flavors of coffee that you might want to experience in your day-to-day routine. You might not think some brokers would feel all that good, but once you experience them, you might find the perfect cup of FX trading for you.
STP Broker
An STP broker can be one option for those who need a brokerage firm that provides trading solutions through exclusive and expert advice. With the use of the latest technology, the service of STP broker firms offers you the ability to trade in stocks and options worldwide. Many brokerage firms offer different types of trading options through which they can help individuals who want to buy and sell stocks, options, and futures. Through STP (Straight Through Processing), trading solutions are provided, especially for individual traders, small investors, or even corporate groups and companies. There are many advantages offered by this type of trading options trading, including the ability to obtain real-time quotes without the need to visit the stock exchange or any other exchanges.
ECN Broker
An ECN forex broker is a forex trading service that uses an Electronic Communications Network (ECN) to link buyers and sellers for online currency exchange. The ECN is a computerized forex trading broker that automatically matches different orders between buyers and sellers on the forex market. These forex brokers use their trading platforms and have their quote systems, spreads, and all of the bells and whistles available from top-of-the-line forex brokers. This is true because, to become a true broker, one must earn one stripe by trading successfully on the market using his or her techniques, strategies, and tools.