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FXTM
Regulators: FCA,Mauritius FSC,Kenya CMA
Yes, FXTM is an ECN broker.
ECN stands for "electronic communication network" and refers to an automated component of trading that connects individual traders to liquidity providers including banks, brokerages and even other traders. This process provides access to the financial markets to individuals with any type of trading account and regardless of their balance size.
An ECN broker is usually a No Dealing Desk (NDD) broker, which means that the clients' orders do not pass through a Dealing Desk, which enables execution in a direct connection between the parties.
FXTM provides an ECN account. They also have included an article giving detailed introduction about ECN broker in their educational resources.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.
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