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.