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cyberbob222

Profit: ECN Vs Market Maker

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Hi All,

 

I may be asking dump silly question, i have noticed it just a few days ago:

After opening a demo ecn account, i am having 80% accuracy in trading, which means, most of my positions win.

It may be a case that my beloved broker tweaks the market maker version of platform.

 

Do you guys use ecn accounts? Did you find any difference besides spread, speed of execution?

 

In case anybody thinks i must be a genius, i can assure you i am not ;-)

I use standard indicators on MT5, nothing sophisticated. Ah, there is something, few days before i registered for ecn demo, i changed time frame, now i play on M30 hoping to scoop out longest trends - from 40 trades a day, i lowered down to 5 max, but quality ones with pip in range 10+, on all low spread pairs.

By the way, ecn spread rocks!

 

Hope you are all well.

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Hi All,

 

I may be asking dump silly question, i have noticed it just a few days ago:

After opening a demo ecn account, i am having 80% accuracy in trading, which means, most of my positions win.

It may be a case that my beloved broker tweaks the market maker version of platform.

 

Do you guys use ecn accounts? Did you find any difference besides spread, speed of execution?

 

In case anybody thinks i must be a genius, i can assure you i am not ;-)

I use standard indicators on MT5, nothing sophisticated. Ah, there is something, few days before i registered for ecn demo, i changed time frame, now i play on M30 hoping to scoop out longest trends - from 40 trades a day, i lowered down to 5 max, but quality ones with pip in range 10+, on all low spread pairs.

By the way, ecn spread rocks!

 

Hope you are all well.

 

No doubt Spread on ECN brokers are lot better than any Market Maker but on the other hand they charge commissions and their margin requirements are more than any Market Maker - You would also have maintenance balance to hold your positions and in that case watching all these things there is no different between Market Maker and ECN but obviously speed of execution matters and ECN are faster then market makers.

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Just curious, what kind of spread do you have on EUR/USD, and GBP/JPY. And what is the commission ?

 

i am testing Australian broker. eur usd - lowest was 0.6, usually 1 - 1.2, commision aud6 per lot round trip.

gbp jpy - sorry, can remember, i am changing soft on my pc.

 

i am looking into dax and dow right now, using market maker, and eur usd spread is wow! 1.3 pip.

 

if you would like to give ecn a go using real money, i know where to open one with ANY initial deposit /asked them to let me try due to bad experiences with their competitors/, pm me, i ll give you link.

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Hi All,

 

I may be asking dump silly question, i have noticed it just a few days ago:

After opening a demo ecn account, i am having 80% accuracy in trading, which means, most of my positions win.

It may be a case that my beloved broker tweaks the market maker version of platform.

 

Do you guys use ecn accounts? Did you find any difference besides spread, speed of execution?

 

In case anybody thinks i must be a genius, i can assure you i am not ;-)

I use standard indicators on MT5, nothing sophisticated. Ah, there is something, few days before i registered for ecn demo, i changed time frame, now i play on M30 hoping to scoop out longest trends - from 40 trades a day, i lowered down to 5 max, but quality ones with pip in range 10+, on all low spread pairs.

By the way, ecn spread rocks!

 

Hope you are all well.

 

there is high probability that you would not get the same results with MM account. The reason is that ECN brokers offer much lower spreads and faster executions. Likewise, MM usually send back requotes and you cannot always get the market's real price, unlike an ECN broker that gives you the actual prices. However, some brokers published as ECN but they are not really functioning as ECN so I recommend you test their demo accounts first. From my experience, I can definitely say that etoro and sunbirdfx are examples for ECN brokers that give great trading experience, low spreads and the fastest executions. Good Luck!

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there is high probability that you would not get the same results with MM account. The reason is that ECN brokers offer much lower spreads and faster executions. Likewise, MM usually send back requotes and you cannot always get the market's real price, unlike an ECN broker that gives you the actual prices. However, some brokers published as ECN but they are not really functioning as ECN so I recommend you test their demo accounts first. From my experience, I can definitely say that etoro and sunbirdfx are examples for ECN brokers that give great trading experience, low spreads and the fastest executions. Good Luck!

 

I do not think great trading experience means only low spreads and the fastest execution. these are mostly what scalpers need.

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ECN give you no conflict of interest, where MM make money from your lose, there are many horror story of MM manipulation like re-quote and other plug-in so they make more money from your loss.

 

Also, you must rememeber that demo trading is virtual trading, you wont have latency and any slippage as the order doesn't go anywhere (like liquidity pool). Demo should be used for pricing guide only.

 

Many brokers offer lower spread that you mention on real ecn like 0 pips usdjpy and 0.3 eurusd with lower ecn commission 0.7 total is fair I think

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I forget to say that profit withdraw can be problem with market maker too - when you trade ecn or stp, the liquidity provider is responsible to pay your profit, you have to remember this

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I prefer ECN brokers to market markers. I get to trader against the market not against the broker, the ECN broker gives me very tight leverage, as tight as 3.0 pips and 2.0 from Profiforex, and finally my trades are executed instantly with an ECN trader instead of waiting to pair it with another trader’s order.

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I prefer ECN brokers to market markers. I get to trader against the market not against the broker, the ECN broker gives me very tight leverage, as tight as 3.0 pips and 2.0 from Profiforex, and finally my trades are executed instantly with an ECN trader instead of waiting to pair it with another trader’s order.

 

Hello realforexer,

 

Really ECN do that? okay then i also like to test that. Actually i am also looking for a good broker which give me full satisfaction as i want and also their rule. let`s see what happened :missy:

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Hello realforexer,

 

Really ECN do that? okay then i also like to test that. Actually i am also looking for a good broker which give me full satisfaction as i want and also their rule. let`s see what happened :missy:

 

perhaps he just mistype the spread, as far i know ECN brokers gives a low spread, some major charged below 1 pips but in return the demand a commision fee per transaction.

an average 0.2 pips EURUSD spread on my armada market ECN account.

yF2DpDL.jpg

and how to decide which are much profitable ECN or Market maker.

basicly ECN are condition where trader order are againts another traders, it's a trader vs trader, and this where liquidity provider took part as price bridge among firm.

okay.. how this profitable ECN.

i'm now with armada markets, 0.3 spread on eurusd, 0.7 in total charged per trade including commision.

suppose i had market maker account, with 3 pips eurusd spread.

because my trading style are scalpers, i executed 200 trades monthly.

and my monthly fee based on spread :

on ECN armada markets account would be - 0.7 x 200 = - 140 pips charged.

as at the market maker broker account : 3 x 200 = - 600 pips charged.

anyone still arguing, or had wasted time to compare such broker type, should check their own pocket, if you're value your money starting with value your account for each transaction.

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perhaps he just mistype the spread, as far i know ECN brokers gives a low spread, some major charged below 1 pips but in return the demand a commision fee per transaction.

an average 0.2 pips EURUSD spread on my armada market ECN account.

yF2DpDL.jpg

and how to decide which are much profitable ECN or Market maker.

basicly ECN are condition where trader order are againts another traders, it's a trader vs trader, and this where liquidity provider took part as price bridge among firm.

okay.. how this profitable ECN.

i'm now with armada markets, 0.3 spread on eurusd, 0.7 in total charged per trade including commision.

suppose i had market maker account, with 3 pips eurusd spread.

because my trading style are scalpers, i executed 200 trades monthly.

and my monthly fee based on spread :

on ECN armada markets account would be - 0.7 x 200 = - 140 pips charged.

as at the market maker broker account : 3 x 200 = - 600 pips charged.

anyone still arguing, or had wasted time to compare such broker type, should check their own pocket, if you're value your money starting with value your account for each transaction.

 

Thanks for this..................... :)

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