Registered: Mar 2011
08-12-12 07:05 PM
Quote from dream1975:
I am looking for an ECN broker who offers the ability to trade all currencies physically available or at least most of them (both fixed and free-floating) rather than a small number of pairs. For example Turkish lira, Romanian lei, Venezuelan bolivar fuerte and etc.
I would be extremely grateful if anyone could help me with this.
Problem you've got with an ECN is that the spreads are variable as ECN brokers provide a true market place and the bid/ask prices are whatever people are offering at the time. This is great with a large liquid market like the EUR/USD where spreads can fall as low as 0.1 pips during times of high liquidity, but on an pair involving the Turkish Lira or the Romanian Lei or such like the spread will be massive.