Arent ECN Brokers just fronts for bucketshops?
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Thread: Arent ECN Brokers just fronts for bucketshops?

  1. #1
    I had been wondering about this. The liquidity providers for ECN brokers (eg, mb trading, FXCM active trader, etc)... they're just market makers / bucketshops themselves, right? Do we only trust the level 2 information coming from the liquidity providers?

    I know with FXCM Active Trader, you can not post links inside the spread for other customers. . Just the'liquidity providers' are allowed to be market makers. How exactly is that ECN?

    Is the the same with MB Trading? What kind of guarantees can we get that MB Trading / FXCM aren't forwarding our trailing stops and acct information for their liquidity providers?

  2. #2
    Interactive Broker's seems to do customer to customer fitting. $20 a mio too. Not bad. .

  3. #3
    Fulltime247,
    In All Broker thread that you tell Broco is Russian but Broco is a Mauritius based broker, not European or Usa regulated.

    Lubo.

  4. #4
    There site says Best online broker of Russia and CIS 2008

    http://www.whcmarket.ru/about-us/news/36.htm

    Water House Capital (WHC) -- the firm of Broco Group -- was awarded as the best online broker of Russia and CIS.

    The results of voting which had been ran from 2008 January 30 to November 1 were announced at the solemn ceremony held within the framework of MOSCOW FOREX EXPO exhibition.

    While introducing his speech at graduation service chief executive of Broco Group Ruslan Smirnov thanked all Clients of Company for their support ant trust and expressed the confidence that this is not the last award by Broco.

  5. #5
    I think is better if u browse the arrangement http://www.brocompany.com/about-us/structure/as well as the regulations http://www.brocompany.com/about-us/licences/

    Lubo.

    P.s. I hope you do this too for the other broker, prior to submitting.

  6. #6
    Quote Originally Posted by ;
    Fulltime247,
    In All Broker thread you tell Broco is Russian but Broco is a Mauritius based broker, not European or Usa regulated.

    Lubo.
    Mauritius has a regulator also. It is still offshore but it's better than Seychelles or some thing which pretty much does not have any regulation. BroCo are Russians btw

  7. #7
    Quote Originally Posted by ;
    Mauritius includes a regulator also. It is still offshore but at least it's better than Seychelles or something which pretty much does not have any regulation. BroCo are Russians btw
    Ja, you are right!!

    Maintain this manner!

  8. #8
    I called pfgbest, they don't conduct customer to customer matching of orders.

  9. #9
    With respect to fxdd:

    Language Support: we aren't an ECN broker
    Me: what about mtextreme?
    English Support: MTXtreme is the ECN kind product
    Language Support: but it is not a genuine ECN
    Me: ahh, no client to customer fitting of orders?
    English Support: MTXtreme has STP (Straight Through Processing)
    Me: no client to client though
    Me: right?
    English Support: no customer to client

  10. #10
    Atcbrokers doesn't conduct client to client either. Only called them. They are just a front for fxcm, though, as well.

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