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

ECN Account

Best Ask and Bid Prices from Liquidity Providers

ECN trading has been a milestone in the modern forex industry due to the transparency, ease and advantages that it entails. With direct access to liquidity providers and automatic matching and execution of orders, it has become the way forward for a vast majority of forex traders around the world.

What is ECN Trading:

What does ECN stand for? Electronic Communication Network. What's the secret? Like much of the forex market mechanisms today, an ECN is an automated component of trading, since it connects traders to liquidity providers such as banks, brokerages and other traders round the world and eliminates the role of the traditional middleman. Traders get access to different prices from a variety of market participants directly on their trading platforms and are shown the best bid and ask prices available in the market. The matching and execution of orders ensues automatically and in this way the trader can always be sure that the broker they are using does not have any dealing desk involvement against them or the trade is processed on an STP (straight through process) basis. For each transaction, traders are charged a small fee by the broker.

The Advantages of an ECN Account:

  • Full transparency since the broker directly connects your orders to other market participants
  • NDD (No Dealing Desk) technology ensures that there will be no re-quotes
  • Very low or even no spreads during times of high market volatility
  • The best bid and ask prices available since a variety of market participants are involved
  • The high price volatility makes for a great environment for scalping
  • Trading is facilitated not only during, but outside market hours.

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 0.18
Margin Call 80%
Stop Out 50%6
Limit & Stop Levels X
Pricing 5 decimals for FX (3 on JPY pairs), 2 decimals for Spot Metals
Trading Instruments Majors, Minors, Exotics9 — 45, Spot Metals — 3, Spot CFDs — 1419
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