An ECN broker is a type of foreign exchange brokerage that uses an Electronic Communications Network (ECN) to match buy and sell orders in the currency exchange trading market. … The forex market is, by dollar volume traded, the largest financial market in the world.
What is financial STP account?
Meanwhile, DMT5 Financial STP account is a 100% A Book account where your trades are passed straight through to the market, giving you direct access to forex liquidity providers. … It is available for trading 24/7 and audited for fairness by an independent third party.
What does STP mean in forex?
Forex Broker, which is not a Market Maker, is either a Straight Through Processing Broker (STP) or an Electronic Communications Network Broker (ECN). These types of brokers are typically (and sometimes erroneously) called Non Dealing Desk brokers.
What is ECN mt4?
ECN. account is a unique account which provides you with direct access to the interbank market through the most popular and user-friendly MetaTrader 4 trading platform. … ECN stands for Electronic Communication Network and means traders can access the interbank market directly without any interference from brokers.