ECN account

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ECN which stands for “Electronic Communication Network” is a professional trading account. With this type of account, you have access to an automated system that matches buy and sell orders in the FX market. The ECN is the organization of the trade of ﬁnancial instruments by a big number of operators in one electronic system that enables all the trading participants to interact directly with each other wherever they are located geographically.

At the same time all orders for selling and buying are available and displayed to the trade participants. In this case, the spread is the diﬀerence in price between the best orders of salesmen and buyers, a new trading participant can place his order within this spread, thus changing the upper or the lower price limit.

The ECN makes money by charging a fee for each transaction. The spread can vary between 0 when the market is calm to a high number of pips when it becomes volatile when market indicators or news are being published.

Advantages

Completely Anonymous: All ECN trading activity is totally anonymous which enable traders to deal on neutral prices that reﬂect the real market conditions only and are not biased against the client’s positions and strategies.
Instantaneous Trade Execution: Clients trade forex instantly on live streaming, best executable prices with immediate conﬁrmations. No dealing desk can intervene, so there are no re-quotes.
Client-to-Bank Trading: The ECN model allows clients to trade on the global liquidity of world-class banks and qualiﬁed ﬁnancial institutions.
Automated Forex Trading: Traders can connect their trading models and risk management systems to our market data feed and matching engine.
Variable Spreads: fxoro does not control the bid/oﬀer spread and therefore cannot provide the same bid/oﬀer spread at all times. fxoro oﬀers variable spreads.
Incomparable spreads: On an ECN, clients have direct access to market prices. Market prices ﬂuctuate reﬂecting supply and demand, volatility and other conditions. The fxoro ECN enables clients to trade on tight bid/oﬀer spreads, which are as low as 1 pip on all majors in normal market conditions.

Choose this type

Trading CFD’s is risky.
You might lose all your invested capital.

Trading FOREX/ CFDs involves considerable risk of loss of the entire investment. Read more