Margin trading involves risk. Losses can exceed deposits.

ECN

FXOpen was the first Forex broker to develop and offer clients ECN trading via the popular MetaTrader4 platform.

ECN is an Electronic Communication Network that links together different liquidity providers such as Investment Funds, Banks, Liquidity Pools and also individual traders. To execute client orders, the ECN searches through all the orders placed by the liquidity providers and matches it with the client order at the best available price in real time. There is no dealing desk or re-quotes involved in the execution process, and so no conflict of interest.

With ECN accounts a client trades on the true variable Interbank spread and pays a commission. There are no fixed spreads or additional pips added to the price by FXOpen, which makes ECN trading the most cost-efficient form of trading.

The FXOpen ECN has over 15 Liquidity Providers streaming prices real time which ensures deep liquidity, tight spreads and fast execution, making it the ideal account to execute even large volume trades instantly.

More details on ECN trading model

  ECN
Account Currency USD, GBP, EUR
Business Model ECN
Minimum deposit $300, £200, €300
Maximum balance no limit
Spread floating, from 0 pips
Commission for 1 Lot
(100,000)
from $1.50 
see detailed commission rates
Quotes format 0.12345
Execution market
Requotes / Slippage No / Yes
Minimum transaction size 0.01 lot
Maximum transaction size without limitations*
Minimal increment 0.01 lot
Leverage up to 1:500
Margin call 100%
Stop Out 50%
Demo Accounts Yes
Islamic Accounts Yes
Instruments 50 FX pairs, Gold, Silver, CFD Indices + Energy
Bonuses Yes, discounted commission depending on the trading volume
Hedging Yes
Expert Advisors Yes
Scalping Yes
News trading Yes
Phone dealing Yes
Market depth with level 2 quotes Yes
Trading time 22:00 Sun – 21:59 Fri (London)
  Open ECN Account


* Maximum transaction size can be limited by the liquidity available in the ECN.