What is ECN Broker?

Electronic Communication Network; a broker that connects retail traders directly to Tier 1 liquidity providers.

In-Depth Explanation

ECN brokers typically offer raw spreads (often 0.0 pips) and charge a fixed commission per lot, providing highly transparent execution.

"The trader prefers an ECN broker because it eliminates the conflict of interest found with market makers."

Knowing the terms is just the start. Learning how to apply them is where the edge is found.