Understanding ECN Brokers ECN stands for Electronic Communication Network, which is a type of broker that allows traders to access the interbank market directly. This means that trades are executed without the need for a middleman, resulting in faster execution speeds and lower costs for traders. Benefits of using an ECN broker Tight spreads: ECN brokers offer some of the tightest spreads in the industry, which means lower trading costs for traders. Direct market access: With an ECN broker, traders have direct access to the interbank market, allowing for faster execution speeds and better liquidity. No conflict of interest: ECN ... Read more