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ECN
13 January 2014 03:16 PM

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ECN stands for Electronic Communications Network formed by investment funds, banks, traders, etc. Due to the Forex market being largely unregulated, there is no central exchange for Forex and trading is performed on an OTC (Over The Counter) market. ECN trading gives you direct access to the Forex market (interbank market) where you can trade with other traders and your orders are actually displayed in the market and are seen by others, who in turn can introduce their own orders and if the prices match, a deal is complete.

FXOpen was the first broker ever to introduce a true MT ECN trading platform. By being connected to the largest retail Forex liquidity pool available with dozens of leading banks and liquidity providers offering their Bids and Asks FXOpen’s MT ECN is creating a highly liquid and competitive marketplace like no other!

Due to the unique mechanism of price aggregation FXOpen manages to provide narrow spreads and low commissions. ECN aggregator processes all the requests from ECN liquidity providers and gives the best real-time prices.

ECN can be considered the best choice for 'scalpers' and 'high-volume traders'.

  ECN
Trading platform MetaTrader 4 for ECN, MetaTrader 5
Account currency USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, Gold*, mBTC
Execution Market
Minimum deposit $100.00
Maximum balance Not limited
Spread Floating, from 0 pips
Commissions from 1.5 USD
Pricing format 0,12345
Minimum transaction size 0.01 lot (1000 units of the base currency) with an incremental lot of 0.01. 
Maximum transaction size Depending on the available liquidity
Leverage up to 1:500
Financial instruments 50 currency pairs + gold, silver, CFD, Oil and Natural Gas
Margin Call 100%
Stop Out 50%
Trading time 00:00 Mon – 23:59 Fri (FXOpen Server Time)
Contracts specifications

* All values for Gold-based accounts (including account balance, profit, etc) in MetaTrader are indicated using 1 GLD. 1 GLD = 0.001 troy ounce (equal to approx. 0.03 grams of gold).

ECN technology allows Scalping, Hedging, Phone Dealing, as well as Expert Advisors using.

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