It looks like you're new here. If you want to get involved, click one of these buttons!
I didnt know what ECN and OTC are short for, but i Googled it, and now i know...thanks OkaneExplain what exactly? What I was saying was a reply to the guy who claimed there were ECN BO brokers. And BO is not IN the market so there can't be ECN brokers lol. In FX trading there can and are ECN brokers of course. ICMarkets for example is an ECN broker I use myself for Forex trading. Means that your orders actually get sent to an actual market and not being traded inside the broker = market making. I hope this explains.Hi Okane, i have never come across ECN and OTC ? Have U got the time to explain to me (us) ?I don't think any BO broker is ECN. Some FX brokers yes but even there far from even 5% of all brokers out there.the affiliates are scamers, no doubt, that doesn't make IQ a scam.Very true. The brokers do 2 things. I tell you one the other one you can Google and read.
First. They play a psychology against you if you let them. Iq Option is not a scam. Actually I enjoy using brokers against each other and always have a good laugh.
Second. They are OTC but of course they will not tell you. Others are ECN. If you know the difference brokers will get lesser chance to screw with you.
Good trading, Olebobo