Find a Good and True ECN/STP Forex Broker
Finding a good broker is one of the most important concerns that all Forex traders have. Unfortunately, there are no too many brokers out there that accompany and support the consistently profitable traders. That is why there is always a big question in novice Forex traders minds:
That is an important and serious question. Broker is not important for over 95% of the traders, because they are not profitable yet. They lose, no matter if the broker is market maker or ECN/STP. They lose even in demo trading. But, for profitable traders, broker is vital.
If you are not a profitable demo trader yet, then there is no point to look for a good broker to open a live account. You should not trade with real money as long as you have not learned and mastered a trading system, and you have not become able to repeat your success for 6 consecutive months at least. If you are still in this stage, then please focus on demo trading and mastering your trading system for now. This article can help you a lot: Become A Profitable Forex Trader In 5 Easy Steps
If you have become a consistently profitable demo trader and it is time to continue your practice with a live account (which has to be opened with the money that you can afford to lose), then you need to know a good and true ECN/STP broker.
I have published several articles about the market maker and ECN/STP brokers and the way they work and handle the traders orders. Before you sign up for a live account, I suggest you to read all those articles here, specially the last one: How to Distinguish Between Market Maker and True ECN/STP Brokers
LuckScout users ask me to introduce and recommend a true ECN/STP broker, but I have always refused to do that for some important reasons. However, those who have researched about this matter based on the guidelines I have given them in my articles, can share their experiences and findings with each other, and help each other to sign up for a live account with a good, reliable and true ECN/STP broker. At the same time, they can all keep on monitoring that broker’s activities and report any problem to each other, because the broker’s good past performance is not a guarantee of future.
Therefore, I decided to create a specific thread on LuckScout Forums last week to invite LuckScout users to introduce the true ECN/STP brokers they know. Hereby, I invite you to refer to that thread and introduce the true ECN/STP brokers that you know, or find one in case you are looking for it: True ECN/STP Forex Brokers
One of the active and supportive LuckScout members, Youness, has done a researched and published the result on the above thread. It can save you a lot of time. Click Here to refer to Youness post. Thank you Youness.
Good luck 🙂