It really depends on your trading style and what you're looking for. ECN accounts typically offer tighter spreads, but the commissions can add up. STP accounts might have slightly wider spreads but no commission. As for risk, it’s more about your strategy and risk management than the account type. It’s worth considering both and seeing which aligns best with your approach.
I like tighter spreads on ECN accounts. ECN accounts are the best choice right now if you are an intraday trader and make frequent trades.
True, ECNs are great for tight spreads, but commissions add up. STP can be better for fewer trades. Depends on your style!
Since there is no centralized market all is OTC, even if you are using so called ECN/ STP where do the order go? The counter party risk is still there,also many brokers say they are Mixed model? so you never know if there is conflict of interest where as with Futures on major exchanges the broker is just that a facilitator not a market maker , all orders are visible and can be questioned, same bid ask spread applies to every trader..