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Your capital is at risk. You may lose more than you invest.
ECN MT5

FXTM ECN MT5

Low Commissions on the ECN MT5

Opening an ECN MT5 Account places traders at an advantage from the get go as they can benefit from No Dealing Desk (NDD) technology, one-click trading and numerous other perks which enrich the ECN trading experience.

ECN stands for Electronic Communication Network and it is very popular among traders due to the fact that it directly connects them to liquidity providers, automatically eliminating the role of the middleman. Traders can see the best bid and ask prices around for themselves and be certain that the broker is not at all involved in any dealing desk action against them.

The MetaTrader 5 or MT5 is the sophisticated and advanced platform which followed in the forex market after the MetaTrader4, and is packed with extra features which offer traders more market depth and additional tools to trade with.

What is the MT5 Account?

ForexTime (FXTM) has created an array of ECN account types for traders to choose from, one of which is our exclusive ECN MT5 account. You can trade 34 currency pairs and 2 precious metals (gold and silver) on the ECN MT5, using key advanced features such as Level II Data, trading signals and over 79 analytical tools.

Level II Data essentially means that traders have more market depth when making their trading decisions, with the opportunity of viewing even the highest bid and lowest ask obtainable from the market makers involved in a specific security. Furthermore, traders can benefit from using trading signals, which give them the ability to connect to a signals provider of their choice and copy their trades.

The account is available in EUR, GBP and USD.

Account Specifications

Account Currency USD / EUR / GBP / NGN 1
Leverage / Margin req. Floating from 1:500 - 1:255
Maximum deposit X
Minimum deposit $/€/£ 500, ₦20 0001
Commission $2 per lot17
Order execution Market Execution
Spread From 0.28
Margin Call 80%
Stop Out 50%
Limit & Stop Levels X
Pricing 5 decimals for FX (3 on JPY pairs), 2 decimals for Spot Metals
Trading Instruments Majors, Minors, Exotics9 — 34, Spot Metals — 2
Micro Lot (0.01) V
Mini Lot (0.1) V
Standard Lot (1) V
Step Lot 0.01
Maximum Volume per Trade 100
Maximum Number of Orders Unlimited