Characteristics of OctaFX that makes it A True ECN Broker

Forex is an outstanding market that has been growing with time, and there are several traders who perform different trading styles to make the most of it. However, nothing can be achieved without the help from a reliable broker, and this is where OctaFX- the pioneer broker makes its way. Known for providing the future of True ECN/STP trading, it offers a perfect business model where trades are sent directly to one or multiple liquidity providers with no third party associations.

These types of liquidity providers can be anyone ranging from financial institutions till banks, aggregators and many more. The more liquidity provider the broker is able to offer the better execution standards are received by the traders. But, what makes true ECN/STP different from the usual ECN broker? Before discovering that let's know more about true ECN/STP trading.

What is True ECN/STP Trading?

ECN (Electronic Communications Network) or STP (Straight through Processing) is a unique form of trading provided by OctaFX. In this form of trading, the broker does not internalize the trade, rather sends it to the liquidity provider by acting as an intermediary between the forex market and the trader. Best thing about trading with OctaFX is that you will never have to deal with re-quotes.

As any broker who is operating with re-quotes is a desk broker, as a result of which re-quote occurs. A re-quote occurs when the dealer on the other side sets a delay for the execution of trade, where broker does not place your order and sends a message that the price has been changed. In such cases, the traders have to deal with a new price that is not the same which they had requested earlier. To avoid such hassles, OctaFX does not come up with any sort of re-quotes.

Top 3 Features of OctaFX that makes it True ECN/STP Broker

Besides offering no re-quotes to the trader, there are three more key features that makes OctaFX an incredible broker for true ECN/STP trading and they are
· It allows scalping for traders, ensuring that they gain maximum profits from every trade that they place. This brings momentum to your style of trading, allowing you to make use of different strategies, techniques and hedges.
· Another important feature is that with OctaFX you can place your trade at any lot, providing complete transparency. The lots can even be higher than 5 standards
· There is absolutely no difference in the bid price of the broker, which is a clear indication that OctaFX is true ECN/STP broker.

What is the Importance of True ECN/STP Broker?

The true ECN/STP trading is a complicated form of trading but is simplified when you trade with OctaFX. Expert advices, tricks, daily forex charts, graphs, current marketing trends and signals provided by the broker ensures that you place every trade with 100% precision.
Hence, without a creditable broker one will never be able to succeed in the world of true ECN/STP trading. If you dream to achieve the best standards of trading then look no further than OctaFX.

It’s always relaxing to trade with a broker that we can rely upon, I believe when we have a broker that’s trustworthy then we will automatically get our performance running better but if we’re uncomfortable and not at ease with the thing we do then we will witness the effect of that on our performance. I am really glad to be with OctaFX, it’s one of the best ECN companies at present and have proven their worth with winning 14 awards in unbelievable 4 years’ time, so trading with such broker is always beneficial and have helped me perform much better then what I might have done with other brokers, so this is why they are definitely my favorite company to work with at present!