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A Forex ECN Broker refers to an electronic communications network broker in the foreign exchange market, which directly connects buyers and sellers without a middleman. ECN brokers provide traders with access to real-time
market quotes, tight spreads, and high liquidity. The advantages of trading with ECN brokers include faster execution speeds, lower fees, and the ability to trade on raw spreads. However, ECN brokers may charge commissions and have higher minimum deposit requirements. Some well-known ECN brokers include Oanda, XM, and FXCM.
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