Masterforex-V Expo: Rating of ECN Brokers

Today’s Forex trading industry has become highly competitive. That is why Forex brokers just have to evolve, thereby offering innovative products.
 
The ECN technology is one of those cutting-edge technologies that allow brokers to offer perfect trading conditions. Traders  get direct access to the genuine interbank liquidity via local ECNs along with instant execution o orders and many other benefits.

It is getting harder for beginners (and even advanced traders) to choose a suitable broker.
 
That is why Masterforex-V Academy decided to start a sub-rating of ECB brokers within the scope of its rating of Forex brokers . As we previously mentioned in many other related articles, Masterforex-V Academy’s rating is one of the very few unbiased and objective rating on the web. It is based on 22 independent quantitative criteria, which actually makes any fraud impossible.
Those criteria are used to show us which ECN brokers are currently the best representatives in the sector.
 
ECN – Perfect Choice For All Traders
 
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert in financial markets from Canada, ECN trading used to be available only to big-scale traders. As the market kept evolving, new technologies allowed brokers to make ECN trading available to any kind of Forex traders, both rookies and professionals.
 
ECN (Electronic Communication Network) is a network that allows a trader to interact with other market participants directly, without mediators. In other words, it provides access to genuine interbank liquidity.  The network makes it possible to trade big and fast.  You pay a commission for utilizing the broker’s ECN along with spreads. That’s all! No hidden fees!
 
You need to check the client feedback. Don’t forget to find out whether a certain broker is licensed by any major financial regulator (like the FSA, for example). Also pay attention to how long a certain broker has been in the industry. Broking companies with many years of experience tend to be more reliable.
 
By the way, these and many other factors are the criteria of Masterforex-V Academy’s rating of Forex brokers.  So, if you have no time to check all the required information on your own, you can always use the rating for that purpose.
 
ECN Rating

The ECN rating looks as follow:
 
 

As we can see here, RoboForex is the frontrunner in the niche.  The broking company earned 1 159,90 points, which is 355.90 points more that the runner-up has. By the way, RoboForex was recognized the best broking company for automated trading 2 times in a row.
RoboForex offers exclusive trading conditions for ECN accounts, including almost instant execution (0,1 second) without slippage and re-quotes. On top of that, there are no Limit & Stop Levels. Professional ECN accounts enjoy some of the lowest spreads in the industry while orders are executed instantly at the best price available within the ECN.
 
FIBO Group is the runner-up. The intermediate result is 804 points. Even though the difference between the 1st and 2nd places is huge, FIBO Group is relatively far ahead of the 3rd place – 78 points. According to the company’s clients, FIBO Group offers a number o benefits, including an exclusive system of technical analysis (DealSmart) and a new type of trading account designed for beginners - МТ 4 Starter.
 
Alpari, a Forex giant, is number 3 in the ECN niche with 725 points. It has recently set a new record in the Forex industry in terms of turnover. By the way, it was recognized the best Forex broker in February 2013. On top of that, it lowered spreads and improved trading conditions for all ECN accounts.

Panteon Finance and GKFX come 4th and 5th correspondingly. This is the TOP 5.

As for the rest of the rating, it includes the following brokers:

 

 It should be noted that some these brokers still have decent chances to enter the TOP 5 as the voting will last till the end of the year.

 

The list of outsiders include:

Obviously, these broking companies have fewer chances to enter the top of the rating. However, they may well improve their final positions in the rating. There are almost 8 months of competition ahead. Therefore, everything may change over the period. You can participate in the open voting and cast your vote for the broker you think deserves to be the best in the ECN niche.