How can you tell if a broker is truly ECN or just claiming to be?

[Bambang Sugiarto]

How to find out the broker's price source, whether it is ECN/STP or dealing desk, and its impact on price transparency.

[bluemac]

There are many ways to verify the broker's processes and that's why we need to do some of our own research before finalizing any reputed broker.

[Bambang Sugiarto]

11 hours ago, bluemac said:

There are many ways to verify the broker's processes and that's why we need to do some of our own research before finalizing any reputed broker.

Yes, as you suggested, I usually compare it with trusted platforms such as TV. Please note that I use Headway broker and so far it still meets the criteria. Do you have any other suggestions or opinions about brokers that meet these criteria? Thank you.

[bluemac]

Demo accounts can be helpful in knowing the processes without depositing any money with the brokers and if finalize the right one always go with small to further test the processes like withdrawal etc which usually can't be tested on a demo.

[hhduy]

I have tried many brokers, and I learned that support service is also important. Some brokers answer very fast, others take days. Even if a broker has low spreads, bad support can make it useless. I prefer a broker that helps me quickly when I have a problem.

[Bambang Sugiarto]

On 10/10/2025 at 5:07 PM, bluemac said:

Demo accounts can be helpful in knowing the processes without depositing any money with the brokers and if finalize the right one always go with small to further test the processes like withdrawal etc which usually can't be tested on a demo.

Yes, I agree with you. In fact, I found a broker who gave me $111 in capital to start trading. I can withdraw the real money I earn after I meet the requirements.

[Bambang Sugiarto]

6 hours ago, hhduy said:

I have tried many brokers, and I learned that support service is also important. Some brokers answer very fast, others take days. Even if a broker has low spreads, bad support can make it useless. I prefer a broker that helps me quickly when I have a problem.

Yes, I agree with you. I found this broker two years ago and I am satisfied with its services, low spreads, fast execution, and its IB program with good offers. But most importantly, the deposit and withdrawal processes are smooth.

[bluemac]

On 10/13/2025 at 2:09 PM, Bambang Sugiarto said:

Yes, I agree with you. In fact, I found a broker who gave me $111 in capital to start trading. I can withdraw the real money I earn after I meet the requirements.

Is it a new deposit bonus or no deposit bonus that is brokers' giveaway.