But what does ECN broker mean?
Being an ECN broker, in the true sense of the word, and unlike those who boast such a qualification but are not, means "Electronic Communications Network", i.e. to offer an in-depth view of the market, not to touch up prices, to propose clear and honest economic policies in the mutual interest of both the broker and the trader.
But what is the advantage of an ECN broker?
ECNs are distinguished from Market Makers mainly by one fact: the broker does not act as a counterparty, it is the market that has to produce an order that can coincide with the one that the trader has to process. This allows the ECN broker to provide the true market prices, without altering them in any way in order to obtain additional hidden revenue at the expense of the unaware trader.
And that can be the difference between trading profitably or trading at a loss. And... it is no small feat