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What is ECN in forex trading?

Many traders come across the concept of ECN but don’t know what it is and how it works. In this guide, we will give you a complete picture of ECN in Forex trading. What is ECN? ECN or electronic communication network connects traders with liquidity providers (banks, brokerage firms) and other traders from anywhere in the world.

What is the difference between STP and ECN account forex?

STP accounts are twofold in their actions, which either initiates an order or rejects it according to the current buoyancy. On the other hand, ecn account forex are further direct in their method, which will ask you to squeeze your trading policy ever so lightly to combine the dynamic ECN states.

What are the advantages of an ECN account?

Razor sharp spreads are the most obvious advantages to having an ECN account, but they aren’t the only one. Equally important, ECN accounts eliminate “re-quoting”; when a forex broker can’t fill your order at the price you requested. With an ECN account, you 100% tapped into the real market 24 hours a day 5 days a week.

What is fxcc-ECN and how does it work?

FXCC-ECN clients can trade forex instantly, taking advantage of live, streaming, best executable prices in the marketplace, with immediate confirmations. The FXCC-ECN model prevents interference by price makers, therefore all FXCC trades are final and confirmed as soon as they are dealt and filled.

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