The ECN (Electronic Communication Network) system is an electronic trading network endowed with an automatic buying and selling orders. The main participants of the ECN systems are banks, major market makers, investment funds, brokers, and dealers. The main benefit of the ECN accounts is the absence of a conflict-of-interest between a client and a broker. A ECN broker forwards traders orders straight to his liquidity provider (there can be several of them). Using this trading scheme, the broker is interested only in an increase in the trading volume, as he receives a commission for each order.
Finally, RoboForex has created a special bridge for Demo-ECN accounts. All orders are transferred to a demo account opened in the Currenex system. This type of account is an opportunity to test your strategy and practice on a real professional ECN account.
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