{"id":753,"date":"2016-11-21T13:06:26","date_gmt":"2016-11-21T13:06:26","guid":{"rendered":"http:\/\/www.makemoneytradingreviews.com\/?page_id=753"},"modified":"2020-09-22T08:53:35","modified_gmt":"2020-09-22T08:53:35","slug":"mt4-ecn","status":"publish","type":"page","link":"https:\/\/www.makemoneytradingreviews.com\/mt4-ecn\/","title":{"rendered":"The MT4 ECN Forex Brokers"},"content":{"rendered":"
If they want to establish a good reputation among their clients and on the market, Forex brokers have to offer a trading platform with all necessary features that will meet clients\u2019 needs. The MT4 has lived up to the high standards and is the dearest of all platforms. The MT4 has initially been just for dealing desks, but that is not the case anymore. Since retail brokers are suitable for small traders, rather than big investors, the market had to offer more than just dealing desks. The perfect solution was the ECN network which has created better market conditions for traders. The ECN has a lot of advantages and is often called the broker on the trader\u2019s side. This review focuses on the link between the winning MT4 platform and the neutral broker ECN and how they have been integrated to work as one entity.First, let us analyze the difference between the ECN and dealing desk brokers.<\/p>\n
While dealing desk trades are carried out over your retail broker who dictates the market conditions and currency prices for you, the ECN network represents the intermediary between traders, retail traders, and liquidity providers. ECN stands for the Electronic Communication Network<\/a> (ECN) and is the online-based system that links you to the market. The ECN is more objective given that there is no liability or conflict of interest between the traders and the intermediary, unlike traders registered with retail brokers, where there is a direct conflict of interest between the two parties. Namely, retail brokers make money from their clients which means that they prefer traders to lose in order to keep their profits lucrative. The dealing desk broker is the direct liquidity provider, and hence they cannot cheer for their customers to win. The ECN network does the opposite. It does not interfere in the relationship between the liquidity provider and the trader. ECN broker\u2019s profit does not depend on the loss or profit of the trader. There is no dealing desk in these trading circumstances. The liquidity provider is mostly an independent third party (banks). The ECN offers better and more competitive spreads which depend on the number of liquidity providers. The ECN broker provides the best quotes after which they direct their traders to the liquidity provider. The ECN broker makes a profit regardless of trader\u2019s success. If the trader wins, the ECN broker collects money from the liquidity provider, and if the trader loses, they cover the losses with the trader\u2019s money. They stay clean either way.<\/p>\n The MT4 is without any doubt the winning platform in the Forex business. First, it was intended as a dealing desk platform with no intention to evolve to an ECN provider, but brokers applied some modifications to adjust the platform for ECN trading. Forex brokers created a so-called bridge between the MT4 and an actual ECN platform. After the connection was set, traders could enjoy ECN trading deals from their favorite platform. It would have been a real shame if the MT4 had stayed available just for dealing desk trading. Luckily, the first – class platform found its way into the ECN network as well.<\/p>\n Currenex is one of the favorite ECN platforms which has been designed for ECN trading. The Currenex bridge helps MT4 brokers<\/a> to stream prices to their client base and to enable access to Currenex liquidity pools, fast order execution, one-click trading, etc. The Currenex MT4 Bridge is one of the most sophisticated integration methods and directly connects to the Currenex hub which means that third party servers will be successfully avoided. The Currenex\/MT4 integration has the following advantages:The Perfect Combination of MT4 and ECN<\/h3>\n
Currenex and MT4<\/h3>\n
\n– Direct market access to the to all liquidity pools
\n– Fast execution
\n– No requotes or trading restrictions
\n– Neutral broker
\n– Straight through processing to ECN
\n– The lowest spreads
\n– Low or no commissions
\n– Supports scalping
\n– Minimum execution waiting time and superior liquidity<\/p>\nRecommended Forex Brokers<\/h3>\n