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ECN Account

What is ECN TRADING?

ECN is an abbreviation for the Electronic Communication Network. It is an automated trading system like many of the Forex market mechanisms available today, linking traders to liquidity providers such as banks, brokerage firms and other traders around the world, thus eliminating the role of traditional broker. Traders get access to different prices from a variety of market participants directly on their trading application, with the best offer and demand prices available on the market. The process of comparison and execution is automatic, as traders can always make sure that the broker they deal with does not have any trading office involved in trading against them and that the trading process is executed on the basis of STP (straight through process). The broker deducts small fees from traders for each process they Out.

ECN account features

  • Full transparency, where the broker delivers orders that traders give to other market participants.
  • NDD (No Dealing Desk) technology ensures no re-pricing.
  • Very low spreads, sometimes up to zero during periods of large market fluctuations.
  • The best supply and demand prices available in the market, where a variety of market participants are involved.
  • High volatility of prices, which helps to create good positions for the Scalping process.
  • Do not limit the possibility of trading in open trading hours only, where you can trade at other times as well.

Account  Specifications:

Account’s currency

USD / EUR / GBP

Leverage / marginal requirements

1: 25-1: 500

Maximum deposit

infinity

Minimum deposit

500  $ / € / £

Fees

2 USD per lot

Execute orders

Market implementation

Spreads

0.1

Request cover

80%

The obligatory stay

50%

Levels of introduction and cessation

 

Pricing

5 decimal digits for the Forex (three for pairs containing the Japanese Yen), 2 decimal numbers for instant metals

Trading instruments

Major and secondary currencies, commodities, stocks, indices

Micro contract

0.1

 

Mini contract

0.1

 

Standard contract

1

One step

0.01

Maximum trading volume

100

Maximum orders

infinity

For more information please contact us: support@royalcripto.com

HIGH RISK INVESTMENT WARNING: Leveraged trading in foreign currency contracts, contracts for difference or other off-exchange products carries a high level of risk and may not be suitable for everyone. Before trading, you are strongly advised to read and ensure that you understand the relevant risk disclosures and warnings here: Risk Disclosure Statement. There is a substantial risk that you may lose all of your initial investment. We advise you to consider whether trading leveraged products is appropriate for you in light of your own personal circumstances. We recommend that you seek independent financial advice and ensure that you fully understand all risks involved before trading. Trading through an online platform carries additional risks. Refer to our Regulation section here. Restricted Jurisdictions: We do not establish accounts to residents of certain jurisdictions including Japan, Canada and USA. For further details please see Terms & Conditions.

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