A list of ECN/STP Forex Brokers. ECN (Electronic Communications Network) brokers provide traders with Direct Access to other market participants, including other retail traders as well as institutions such as banks. With an ECN broker (or account) there is No Dealing Desk (broker) intervention and a trader trades directly against the other ECN participants. The ECN model is by far the most transparent and presents no conflict of interest between the trader and broker. The ECN model results in much lower spreads (which are always variable) and employs Market Execution of orders - the broker makes their money via a commission charged on each trade.
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