Hi,
I'm having a lot of difficulty deciding on a broker.
My plan was to start an account with around €1.000 which is enough for micro/normal accounts with EUR/USD spread of 2-4 pips and no commission.
Then there is the option with some brokers to open an ECN-account which is minimum €2.000 euro but with lower spreads + commission.
What are differences between an ECN-account and a regular account and are they worth thinking about or what should be the basis of my choice?
Should I just start with a regular account and then move to ECN at a later date? Or get the €2k and just start with ECN?
I'm planning to trade shorter timeframes / semi-scalping for 10-20 pip at a time.
Hoping for some wise words.
/Jesper
I'm having a lot of difficulty deciding on a broker.
My plan was to start an account with around €1.000 which is enough for micro/normal accounts with EUR/USD spread of 2-4 pips and no commission.
Then there is the option with some brokers to open an ECN-account which is minimum €2.000 euro but with lower spreads + commission.
What are differences between an ECN-account and a regular account and are they worth thinking about or what should be the basis of my choice?
Should I just start with a regular account and then move to ECN at a later date? Or get the €2k and just start with ECN?
I'm planning to trade shorter timeframes / semi-scalping for 10-20 pip at a time.
Hoping for some wise words.
/Jesper