I believe no one says ECN is bad, but smart people are dialectical, know the opponent's good, and know how to get along with him now. First of all, the position: ECN is good, but it does not mean that market makers (referred to as MM platform) are not good. It's only one person who is bad, not this person's martial arts. Of course, the martial arts foundation itself can determine whether this person can succeed better, but it can't determine whether he can succeed! I don't represent any interests, nor am I any market maker or agent of ECN, so my speech is absolutely objective.

Comparison between IB-stock and MB-trading in ECN-mode brokerage companies of foreign exchange trading;

1: Company strength and account opening requirements

IB is a well-known online trading brokerage, a listed company in the United States (code IBKR), and its boss is the second richest man in the financial sector (the richest man is Buffett). The company has extraordinary strength. For example, in China, almost all are first-line brokers such as Guotai Junan or Galaxy Securities. In an IB account, you can trade not only spot foreign exchange, but also stocks, futures, options, bonds and so on in more than 70 markets around the world. The capital requirement for opening an IB account is USD 65,438+00,000 or equivalent in major convertible currencies, such as British pound, euro, Japanese yen, Australian dollar, Canadian dollar and Swiss franc. If you open a consulting account, you only need 5000 dollars. IB can provide global uninterrupted customer service support. Customers who need Chinese service can call the Hong Kong hotline during the day and call Canadian customer service at night. MB is also an old American brokerage company, but there are still many gaps with IB in scale and strength. MB also provides trading of American stocks, options and some futures products of CME, CBOT and NYMEX, but this is separate from the foreign exchange trading account. MB's foreign exchange account needs $400, and only US dollars are accepted. This threshold is very low. MB also provides uninterrupted customer service support in foreign exchange trading hours, but there is no Chinese transaction support. MB Company has a Chinese customer service, but he is only responsible for opening an account, and it seems that he doesn't want to involve other things.