TRUE: a lot of bucketshop brokers state ECN stp. etc.. But they aren't. Brokers will turn your trading works off to prevent trading. Brokers delay execution for their benefit. Brokers requote your order whether exiting or entering your own position.
And now FXCM is on the NYSE to raise capital as their client basis steadily decline despite their marketing campaigns.
I have experienced every one of these conditions within OCT-NOV while attempting to loe a broker worth utilizing. Many failed and Just STFX held up to my standards and my standards are very easy to satisfy.
1.) Spread on EU significantly less than two pips
2.) No requotes
3.) Fast Execution
4.) Accept scalping -STP
5.) No server disconnects
Do I want a regulated broker? 50:1 leverage and FIFO? No. And, this is known by STFX.