No, it is not. According to your definition it turns out that all Forex brokers are bucketshops and scammers, because ALL FOREX BROKER (including ECN) earn from spreads. In different companies spreads also differ, so your suppositions are wrong. There are a lot of different ambiguous descriptions of ECN-trading in the Internet. Our company offers ECN-trading by a scheme of all clients lots summarizing with the further transferring to the counter agent. Every client makes a deal with another one or appears to be a part of summarized position transferred to ECN-counter agents.
There is said "all types of accounts". FYI, there are 2 types of trading accounts with InstaForex: Insta.Standard and Insta.Eurica. Both can be rewarded with the rate.
Ahaha love it how the OP is a 21 year old and even doesn't understand how spread is not related to leverage when using 1:1000 for example. And 13% interest rate on accounts? Sure... How can you pay that for your clients? You know there are no free lunches don't you? I guess they should've payed more attention to Economics 101 in college...
I especially like this link, where ours truly OP gets into an email exchange with a defrauded customer... yeah... http://www.forexpeacearmy.com/forex...ew-excuse-confiscate-profits-2.html#post18571 and the comedy just keeps ongoing: http://www.forexforum.net/financial-associations/5684-instaforex-instaforex-com-10.html
lol, what? "Appears to be part of a summarized position "transferred" to ECN counter-agents"" That's the (retarded) definition of a market maker... the client is not guaranteed that he/she is trading directly with an outside liquidity provider, but cleared by Instaforex. You are the counter-party and guarantor of every transaction. IOW, DB is not on the offer and JPM is not on the bid, you are on every quote. ECN is not an ambiguous acronym.
I especially like how a person pretending to be called as a professional trader felt up into a trap of fraudulent organization. That pesron has never been our client. Who told you, he was?
I see that you know Economics 101 very good, but you have a lack in reading skills. A few messages above, I have already answered the question about 13%. Of course, this is not a free lunch, active clients are paying spread, and we give an incentive to them. It's as simple as ABC.
Oh, really? Then give us a link to resource, where the definition is given. Or are you the author of that??
http://www.sec.gov/news/studies/ecnafter.htm http://en.wikipedia.org/wiki/Matchbook_FX http://en.wikipedia.org/wiki/Currenex A true ECN network: http://www.interactivebrokers.com/en/trading/pdfhighlights/PDF-Forex.php?ib_entity=llc The common-denominator is STP functionality. Is instaforex offering STP to clients?