Live Account Comparison
|Min. Deposit (USD)||Above 100||Above 500|
|Leverage Level||Up to 1 : 500*||Up to 1 : 500*|
|Minimum Lot Size||Micro Lot (0.01)||Micro Lot (0.01)|
|Maximum Trade Size||50||50|
|Free News and Research||Yes||Yes|
|24/5 Online Technical Support||Yes||Yes|
|24/5 Dedicated Account Manager||No||Yes|
Leverage will be adjusted according to the account’s equity amount.
* Up to leverage of 1:500 when equity is less than USD 100,000
* Up to leverage of 1:400 when equity is between USD 100,000 to USD 200,000
* Up to leverage of 1:200 when equity is between USD 200,000 to USD500,000
* Up to leverage of 1:100 when equity is above USD 500,000
^Spreads may increase depending on market conditions.
The future of the Foreign Exchange market is an Electronic communication network. The main function of ECN is to bridge the link between small market participants and the liquidity provider using a broker. ECN is a technically advanced way of trading which involves the use of the sophisticated technology called FIX protocol. The brokers work taking two sides into consideration- one is when they obtain liquidity from the providers and make that available to the traders and on the other where the clients make offers for execution on this liquidity. The ecn account forex is required by the clients to deal with the market using this technology.
The ecn account forex allows the people to deal in the commodities traded. The ECN makes an automated match and ensures that the orders are completed. The best thing about ECN trading is that since it is automated and uses high-quality technology and the networks can be accessed even after the normal working hours.
ECN works on a specific model and thus the brokers never go against the clients and they also charge a fee for the service. There is a lot of efficiencies hence the fees that is paid are kept minimum and is able to maintain it for long.
The ECN trading is anonymous and allows the traders to enjoy the price benefits as at all times there is always real-time market situation. The forex trading using this platform is executed immediately. There is an immediate confirmation of the trades made and the best prices are presented for trade. Forex trading has taken a whole new turn using the new technology. The immediate execution is made as there is no hindrance and the traders get price benefits as the model ensures that the price makers stay at an arm’s length.
There are a lot of features about ECN Forex and if you wish to read more about it then use Anzo Capital for it.