PFG Markets offers a zero-commission ECN in all Forex Products as our fees are built into the spread so no commissions are added. Traders benefit from direct access to deep liquidity and interbank pricing and execution All this is done efficiently through API Integration on STP basis with further clearing counterparties/banks so as to deliver following extra advantages to our valued customers;
- Inter banks prices and spreads with no commissions
- No dealing desk execution & No re-quotes in general market conditions
- Straight through processing with banks liquidity
- No conflict of interest
ECN, Electronic Communication Network, can best be described as a bridge linking smaller market participants to tier-1 liquidity providers through a FOREX ECN Broker on STP, Straight Through Processor, basis.
This linkage is done using sophisticated technology setup named FIX Protocol (Financial Information Exchange Protocol). At one end, the broker obtains liquidity from tier-1 liquidity providers (Major Banks) and makes it available for trading to its clients. On the other side, the broker delivers clients’ orders to Liquidity Providers for execution.
