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?
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.