First I tried every ECN utilizing MT4 including CIti, MBT and humor additional bridges. I am a regular trader I do not use EA's. I trade technical indiors and fundamentals. The issue with ECNs:
1- Top entry barrier: They require $10,000 as initial deposit (most of them).
2- They only have FOREX tools and generally non exotic.
3- In the end they're Market Makers even if they're linked with bridges that they pour into a pool of market manufacturers.
4-The execution type is really specious as indied in the film that they will not requote but finally if the market moves your order will be executed wherever the market strikes, which I find crazy since requoting is occasionally helpful espcially during news releases.
In conclusion I figure ECN's are good for only those using EAs, however a variety of fantastic market manufacturers accept EAs. So, is there a need for ECNs?
The response is up to you