Is WM Markets STP or ECN?

A Straight Through Processing (STP) broker passes the client order directly to its liquidity provider. An Electronic Communications Network (ECN) broker is a non-dealing desk broker that facilitate its clients’ orders on the electronic communications network and then pass them to liquidity providers. Please note that WM Markets is neither STP nor ECN. WM Markets may execute clients’ requests for financial instruments either as principal or broker. The Client Account Agreement is available on or our website. https://en.wmmarkets.com/license-regulations/