What#039;s the best Forex broker out there? -

I here that some brokers are ECNs? OR OTCs? Can someone explain the difference? Anyways most people will recommend FXCM but i hear that your orders are filled against other FXCM members instead of the open market making it hard to trade when the market is going one way. Please correct me if I m wrong. So which is the best broker out there? - Fastest order execution - Smallest spreads. - Accurate order execution. Thanks. - Forex ECN Broker ECN is an acronym for Electronic Communications Network. A Forex ECN does not operate a dealing desk but instead provides a marketplace where multiple market makers, banks and traders can enter competing bids and offers into the platform either inside or outside the spread, allowing traders to trade against each other and with multiple counterparties. A trader might open a trade with liquidity provider quot;Aquot; and close it with liquidity provider quot;Bquot;, or have the trade executed against the bid or offer of another trader. Participants of the ECN send in competing bids and offers into the platform and the combined volume is usually displayed to traders at each price. Orders are matched between counterparties, usually for a small fee. NDD An acronym for No Dealing Desk . A no-dealing desk broker uses a matching engine to match up orders between its liquidity providers and their clients. The liquidity providers send in competing bids and offers into the platform, resulting in the best bid and offer being displayed to the trader. A no dealing desk broker may increase the spread instead of charging a commission to their clients. you may check your options in this gateway. it will lead you to one of the leading forex trading site today assuring you of dealing with a very legitimate, trusted and reliable trading platform. in brief they offer the following- personal service and training by providing you a personal Account Service Manager as mentor, consultant and trading partner; quot;no software downloadquot; or web based trading system allowing you to trade anytime, anywhere; instant deposits using your credit card allowing you to start trade regardless of banking work days or hours; margin trading for as low as $100; helping you manage your risk by excuting your set rates, limits and stop-loss; available tools at the site for smarter trading; full transparency- you can generate your detailed reports and track your performance; no hidden costs assuring you that you pay no commission for your deals; freeze rate and other special features and tools. flexible and competitive; data security and privacy; professional, reputable business partners; real-time quotes and special terms for frequent traders, etc...they offer four types of accounts namely, mini, gold, platinum and vip. of course, the higher account you choose would entitle you to better trading features and benefits. all the best.