[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"glossary-term:ecn-vs-market-maker":3,"glossary-all":16},{"slug":4,"category":5,"title":6,"body":7,"meta_desc":8,"related":9},"ecn-vs-market-maker","brokers-regulation","ECN vs Market Maker","An ECN (Electronic Communication Network) broker routes your orders directly into a pool of liquidity providers — banks, other brokers, and traders — so you trade at real market prices, usually paying a separate commission plus a very tight, variable spread. A market maker broker instead takes the other side of your trade internally, quoting its own (often fixed or wider) spread.\n\nThis can create a conflict of interest that regulators require to be disclosed and managed. Neither model is inherently better for every trader — ECN accounts typically suit high-frequency or larger traders who value tight spreads and price transparency, while market-maker accounts often suit smaller accounts with simpler, all-in pricing.","ECN brokers route your orders to real market liquidity; market makers take the other side of your trade internally — different pricing, different conflicts of interest.",[10,13],{"slug":11,"title":12},"spread","Spread",{"slug":14,"title":15},"regulation","Regulation (FCA, CySEC, ASIC)",[17,21,22,25,28,31,34,38,42,45,48,51,54,57,60,61,62,65,68],{"slug":18,"category":19,"title":20},"pip","fundamentals","Pip",{"slug":11,"category":19,"title":12},{"slug":23,"category":19,"title":24},"leverage","Leverage",{"slug":26,"category":19,"title":27},"margin","Margin",{"slug":29,"category":19,"title":30},"lot","Lot",{"slug":32,"category":19,"title":33},"bid-ask","Bid\u002FAsk",{"slug":35,"category":36,"title":37},"slippage","trade-mechanics","Slippage",{"slug":39,"category":40,"title":41},"stop-loss","risk-management","Stop-Loss",{"slug":43,"category":40,"title":44},"take-profit","Take-Profit",{"slug":46,"category":40,"title":47},"drawdown","Drawdown",{"slug":49,"category":40,"title":50},"margin-call","Margin Call",{"slug":52,"category":36,"title":53},"swap-rollover","Swap \u002F Rollover",{"slug":55,"category":36,"title":56},"going-long-short","Going Long \u002F Short",{"slug":58,"category":36,"title":59},"cfd","CFD (Contract for Difference)",{"slug":4,"category":5,"title":6},{"slug":14,"category":5,"title":15},{"slug":63,"category":40,"title":64},"negative-balance-protection","Negative Balance Protection",{"slug":66,"category":40,"title":67},"position-sizing","Position Sizing",{"slug":69,"category":19,"title":70},"volatility","Volatility"]