Which broker to select- ECN or STP?

Discussion in 'Forex Brokers' started by Waylen, Jan 25, 2024.

  1. Waylen

    Waylen

    Hello Guys! I am new at trading. I want a suggestion from you about whether an ECN or STP broker is good for new traders?
     
    Last edited: Jan 25, 2024
  2. ZBZB

    ZBZB

    What is an stp broker? FX, trade futures on a regulated exchange in a regulated brokerage account.
     
  3. I would go for the STP broker, because order execution is not a trouble anymore while you cooperate with such a company. ECN brokers usually don't have spreads, and they have commissions for trading, whether per lot one-sided or round-turn ones. I am not the adherent of commissions and prefer paying spreads as a type of fee, because commissions are usually fixed dependong on the lot size, while spreads vary.
    Plus yeah, as I said, order execution is quite fast.