What is an ECN Account?
ECN stands for Electronic Communication Network. This is ultimately the best way to connect a retail trader directly to liquidity providers, such as Banks and Prime Brokers, for the best execution rates.
The connection is established using sophisticated technology setup called FIX Protocol (Financial Information Exchange Protocol) between Our Brokerage Desk; to obtain liquidity from liquidity providers and make it available for our traders, and providers – who receive clients’ orders for execution.
The ECN automatically matches and executes the orders requested, which are filled at the best available price.
Advantages of ECN Account:
WHO CAN BENEFIT?
TRADING CONDITIONS OF ECN ACCOUNT:
Spread: As low as 0.1 EUR/USD
Leverage: 200:1 on FX
Minimum Deposit: According to Account Class
Commission: $5 per Lot
Minimum Trade size: 0.1 Lot
Stop Out: 20%
Trading Instruments: FX, Indices, Metal, Commodities
How to open an ECN Account?
If you want to open an ECN account, or if you’d like to learn more about ECN accounts, please contact your account manager.