LIVE FX
EUR/USD
1.0874
+0.34%
USD/JPY
153.42
+0.58%
GBP/USD
1.2721
−0.12%
AUD/USD
0.6678
+0.09%
USD/CHF
0.9034
−0.21%
USD/CAD
1.3712
+0.18%
NZD/USD
0.6105
−0.07%
XAU/USD
2384.50
+0.62%
EUR/JPY
166.93
+0.47%
GBP/JPY
195.13
−0.18%
EUR/USD
1.0874
+0.34%
USD/JPY
153.42
+0.58%
GBP/USD
1.2721
−0.12%
AUD/USD
0.6678
+0.09%
USD/CHF
0.9034
−0.21%
USD/CAD
1.3712
+0.18%
NZD/USD
0.6105
−0.07%
XAU/USD
2384.50
+0.62%
EUR/JPY
166.93
+0.47%
GBP/JPY
195.13
−0.18%
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Brokers
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All brokers
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Recently updated
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Regulators
›
Tier 1 — Top regulator
FCA (UK)
ASIC (AU)
NFA (US)
CySEC (CY)
MAS (SG)
SFC (HK)
Tier 2 — Mid regulator
FSA (JP)
BaFin (DE)
AMF (FR)
Tier 3 — Offshore
Tier 3 — Offshore
Scam Check
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Home
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FX trading glossary
›
ECN
FX trading glossary · Trading
ECN
Electronic Communication Network · 直通流动性提供商,经纪商不做对手方。
ECN brokers route orders straight to banks / liquidity pools, earning only commission (typically $3-7 per round-turn standard lot).
Pros: no conflict of interest + tighter spreads + transparent slippage.
Cons: commission, costly for small lots.
Related terms
Market Maker
经纪商充当客户的对手方,自己赚取点差。
Spread
买卖报价之间的差额,代表经纪商每笔交易的最低成本。
STP
Straight-Through Processing · 订单不经过交易员,自动转发给流动性提供商。