Forex Trading #49: ECN Broker Suggestions

http://www.Forexplaination.com
On this free forex video, Stephen, a world-renowned forex mentor, gives his suggestions for the best ECN brokers that he knows. As part of your Forex Strategy, when you are ready to begin live trading, the broker you use is very important!

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[silverkosta]

What about dukascopy? They seem legit

[ForexCoachingPros]

@silverkosta

Dukascopy may not be pure ECN. My clients have given both good and bad reviews. The truest ECNs I know are Lucrorfx and PFGbest. I use New Zealand's Lucrorfx because they cater to my clients--True Micro Accounts, 200:1 leverage up to a $2500 account size, hedging, and they allow my Bionic-Traders to pay for some of their education from their profitable trades, rather than out of pocket, and other services. But you must tell them Stephen Story referred you).

[ForexCoachingPros]

Lucrorfx, Finnfx, pfgbest, are true ECN as long as they Straight through process all trades to the ECN Banks and as long as the counter trader is not controling the trade platform. The Broker must be motivated only by the volume of trades being taken as his means of making an income. Any other condition from this is a Market Maker or a counterfiet ECN Broker.

[abhu68]

I just received an email from ATC confirming they use 'raw spread' from FXCM!

Having receiving their data from a Market Maker... So much for being a 'true' ECN trader...

[ForexCoachingPros]

@abhu68 ATC has been one of those who, although they may be an IB for FXCM, receive among the best ratings from my students. So does PFGbestdirect. But the best ECN I use is lucrorfxdotcom or Lucror Capitol Markets. They provide the best services and special privileges to my students. Most of my new clients and students switch over.

[silverkosta]

@ForexCoachingPros I took a look at PFGbest and i saw that they support the NinjaTrader (which is really nice) platform but their site is a bit uninformative. I couldnt see any spreads and any commission charges

[ferry01324]

woooow, i like it........

[silverkosta]

Before the year 2000 there are a ton of complaints about FXCM!!! Now i see they've incorporated the No dealing desk ..So i ask my self is that true or its all BS..I really like their Trade Station 2 platform and i want to join them but i dont know what to do?? Help me pick a broker..

[MotorsportsX]

Hi!... coule you do me a quick favor and check out FXPro? They have a great trading platform but i cant tell if it is REALLY a TRUE ecn platform. they say it is, and the spreads are low... but i need a expert! thanks alot!

[ForexCoachingPros]

@satjathamma

You should try LCM or Lucror Capitol Markets at lucrorfxdotcom

Hello,

Thank you for your comments.

Come see my website and lets talk about your forex needs. I have all kinds of ways to help people to reach their trading goals.

Stephen Story

Forex Coaching Pros

forextidalwavedotcom

Skype name: mastercoach1

(011-01) 801-607-5249

[ForexCoachingPros]

@dodgeshelbyviper fxsolutions is a market maker and they will deal against you in the counter position in their favor. It is the nature of all market makers. They cannot afford to lose money to traders who attempt to beat their virtual dealer or their live dealers. It come out of their own pocket when they decide to take risk.