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 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.
NewFXTM Invest now available with the ECN Account. Investors can follow your trading strategy, allowing you to potentially earn more. Read more about FXTM Invest.
Trading Platforms | MT4 / MT5 |
Account Currency | USD / EUR / GBP / NGN 1 |
FXTM Invest | MT4: New MT5: |
Leverage / Margin req. | Floating from 1:2000 10 |
Maximum deposit | ![]() |
Minimum deposit | $/€/£ 500, ₦80,0001 |
Commission | $2 per lot9 |
Order execution | Market Execution6 |
Spread | From 0.13 |
Margin Call | 80% |
Stop Out | 50%2 |
Swap-Free | MT4: ![]() MT5: ![]() |
Limit & Stop Levels | ![]() |
Pricing | MT4: 5 decimals for FX (3 on JPY pairs), Spot Metals: 2 decimals for XAUUSD and 3 decimals for XAGUSD MT5: 5 decimals for FX (3 on JPY pairs), Spot Metals: 2 decimals for XAUUSD and 3 decimals for XAGUSD |
Trading Instruments | MT4: Majors, Minors, Exotics4 — 48 Spot Metals — 3 Spot CFDs — 257,8, 13 |
Minimum Volume in Lots per Trade | 0.01 |
Micro Lot (0.01) | ![]() |
Mini Lot (0.1) | ![]() |
Standard Lot (1) | ![]() |
Step Lot | 0.01 |
Maximum Volume in Lots per Trade | 1008 |
Maximum Number of Orders | Unlimited |
Maximum Number of Pending Orders | 300 |
Notes:
1 NGN accounts are only available to clients in Nigeria.
2 Please bear in mind that the Company may at its sole discretion change, within the hour before the close of the trading session on every Friday, the Stop Out and Margin Call levels from 50% to 100% and from 80% to 130% respectively, for all ECN MT4/MT5 accounts. Moreover, kindly note that the Company may extend these amendments for as long as it deems necessary after the market opening, by providing the Client with prior written notice.
3 Spreads are floating and they may increase during specific periods of the day depending on the market conditions.
4 Exotic pairs are not available for swap-free accounts.
6 Please note that on all MT4 market execution accounts (ECN, ECN Zero and Pro), preset SL/TP levels are not permitted. If a client wishes to add SL/TP levels, the client can modify the existing position after the order is opened.
7 For Spot Indices and Spot Commodities on ECN MT4 Account the Maximum volume per trade is 5 lots; for Spot Indices the Maximum Volume of lots per trade is 50 lots on ECN Zero.
8 For Spot Indices and Spot Commodities on ECN MT4 Account: the maximum volume of all orders for Spot Indices is 15 lots and 50 lots for Spot Commodities.
9 Commission on ECN MT4 is taken only when a position is opened, at double the levels listed in the table above (accounting for both the opening and the closing of the position). For further details of the Commission charges for ECN MT4 account, please refer to the Commissions Page. For ECN MT5 Commission is fixed at $4 per lot, $2 are being charged when position is opened and $2 when position is closed.
10 Please note that margin requirements may vary between symbols and servers. For further information please refer to the Leverage and Margin Requirements section.
13 FXTM applies dividend adjustments on Stocks and Spot Indices when positions remain open at the close of the trading session, on the business day before the ex-dividend date. However, kindly note that the dividend adjustment takes place before the market opening of the ex-dividend date. If a client is holding buy positions his/her account will be credited with the fixed dividend amount. If a client is holding sell positions then the dividend amount will be debited from his/her account.
17 Please note that for clients who reside in Nigeria, there is a minimum deposit requirement of $/€/£100 or ₦40,000 for Standard accounts, $/€/£200 or ₦80,000 for ECN Zero accounts and $/€/£200 or ₦80,000 for ECN accounts. For clients who reside in South Africa, there is a minimum deposit requirement of $/€/£100 for Standard accounts, $/€/£200 for ECN Zero accounts and $/€/£500 for ECN accounts. For clients who reside in Tanzania, Ghana and Kenya, there is a minimum deposit requirement of $/€/£200 for ECN accounts.