ECN (Electronic communication Network) account is a choice of professional traders who want the best possible trading conditions.
Open AccountSpreads
of currencies
and indices
4
Support
"The ECN account allows buyers and sellers to trade directly without any middlemen. The main benefits of the ECN account are the fastest market execution, low spreads (from -1 pip), best quotes with no delay, and a large number of liquidity providers. Say ‘good bye’ to all the trading limits and have an endless number of open positions and pending orders."
Compare Account Types and See Which One is Right For You
| Account Type | İnitial Deposit | Spead | Commission | Leverage | Order Volume |
|---|---|---|---|---|---|
| Standard Swap Free Account More info > Open Account > | from 0$ | Floating | 0 | 400 | from 0.01 to 30 |
| Standard Account More info > Open Account > | from 0$ | Floating | 0 | 400 | from 0.01 to 30 |
| ECN Account More info > Open Account > | from 500$ | Floating | 7 | 200 | from 0.01 to 30 |
| ECN Account More info > Open Account > | from 500$ | Floating | 7 | 200 | from 0.01 to 30 |
The primary participants in the Forex market - those who make the spreads - are the world's largest banks; These banks include central banks, commercial banks and investment banks. It is known as the interbank market as they are constantly dealing with each other on behalf of themselves or their clients.
However, the percentage of other market participants is growing rapidly and now the list includes large multinationals, global money managers, registered dealers, international currency brokers, futures and options traders and individual investors.
The Forex market is open 24 hours a day, 5 days a week, and currencies are traded between major financial centers around the world. Opens at 22:00 GMT on Sunday and closes at 22:00 GMT on Friday:
Sydney is open from 22:00 to 07:00 GMT.
Tokyo is open from 12:00 to 9:00 GMT.
London is open from 08:00 to 17:00 GMT.
New York is open from 13:00 to 22:00 GMT.
Essentially, you will want the market to move in your favor. You can turn the odds in your favor by analyzing the market in various ways. Technical analysis includes trends, historical data and current market movements. It takes a more statistical approach to trading by thoroughly studying charts and indicators.
Alternatively, you have fundamental analysis that focuses more on important economic events and announcements that are likely to affect the market. Either way, you should try to capitalize on potential market movements with a formulated trading strategy, smart decision making, and smart money management. The total of your profit depends on the efficiency of your trading strategy.
