[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"market-strip-rates":3,"glossary-term:ecn-vs-market-maker":35,"glossary-all":48},[4,12,19,27],{"code":5,"label":6,"bid":7,"ask":8,"day_low":9,"day_high":10,"precision":11},"EURUSD","EUR\u002FUSD",1.08421,1.08434,1.0812,1.0921,5,{"code":13,"label":14,"bid":15,"ask":16,"day_low":17,"day_high":18,"precision":11},"GBPUSD","GBP\u002FUSD",1.27142,1.27158,1.2668,1.2784,{"code":20,"label":21,"bid":22,"ask":23,"day_low":24,"day_high":25,"precision":26},"USDJPY","USD\u002FJPY",155.182,155.201,154.61,155.74,3,{"code":28,"label":29,"bid":30,"ask":31,"day_low":32,"day_high":33,"precision":34},"XAUUSD","XAU\u002FUSD",2380.42,2380.88,2361.1,2394.6,2,{"slug":36,"category":37,"title":38,"body":39,"meta_desc":40,"related":41},"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.",[42,45],{"slug":43,"title":44},"spread","Spread",{"slug":46,"title":47},"regulation","Regulation (FCA, CySEC, ASIC)",[49,53,54,57,60,63,66,70,74,77,80,83,86,89,92,93,94,97,100],{"slug":50,"category":51,"title":52},"pip","fundamentals","Pip",{"slug":43,"category":51,"title":44},{"slug":55,"category":51,"title":56},"leverage","Leverage",{"slug":58,"category":51,"title":59},"margin","Margin",{"slug":61,"category":51,"title":62},"lot","Lot",{"slug":64,"category":51,"title":65},"bid-ask","Bid\u002FAsk",{"slug":67,"category":68,"title":69},"slippage","trade-mechanics","Slippage",{"slug":71,"category":72,"title":73},"stop-loss","risk-management","Stop-Loss",{"slug":75,"category":72,"title":76},"take-profit","Take-Profit",{"slug":78,"category":72,"title":79},"drawdown","Drawdown",{"slug":81,"category":72,"title":82},"margin-call","Margin Call",{"slug":84,"category":68,"title":85},"swap-rollover","Swap \u002F Rollover",{"slug":87,"category":68,"title":88},"going-long-short","Going Long \u002F Short",{"slug":90,"category":68,"title":91},"cfd","CFD (Contract for Difference)",{"slug":36,"category":37,"title":38},{"slug":46,"category":37,"title":47},{"slug":95,"category":72,"title":96},"negative-balance-protection","Negative Balance Protection",{"slug":98,"category":72,"title":99},"position-sizing","Position Sizing",{"slug":101,"category":51,"title":102},"volatility","Volatility"]