ECN prices
ECN accounts have 5th decimal pricing (0.12345). 1 pip with 0.1 lot (10,000 base currency) is equal to approx. $0.1 (10 US Cents).
Spreads in ECN accounts
ECN environments more appropriately use the word difference instead of spread. Difference or DAB refers to the difference between the best BID and the best Offer (ASK). DAB is variable and not fixed and depends on the buy and sell orders available on the Marketplace.
ForexEE provides True ECN pricing which means that you will see the best BID and best Offer (ASK) as they appear from our clients and other Liquidity Providers who participate in our ECN liquidity pool. ForexEE does not manipulate or add any pips to the BID or ASK. The minimum DAB possible for all financial instruments in ECN is 0 pips.
You can find all the actual information on the company's website in the Trading Conditions → Contract Specifications section.
Related Articles
ECN
ECN stands for Electronic Communications Network formed by investment funds, banks, traders, etc. Due to the Forex market being largely unregulated, there is no central exchange for Forex and trading is performed on an OTC (Over The Counter) market. ...
Glossary
A AML ― Anti Money Laundering, a set of procedures, laws or regulations designed to stop the practice of generating income through illegal actions. Appreciation ― a currency is said to "appreciate" when its price increases against a specific currency ...
Account Types and Trading Terms
1. Are your spreads fixed? Our spreads are not fixed and depend on the buy and sell orders that are currently available in the Marketplace. 2. Can I get Margin Call if I have no free Margin? Margin Call happens when a client's account equity falls ...
FAQ: Account Types and Trading Terms
1. Are your spreads fixed? Our spreads are not fixed and depend on the buy and sell orders that are currently available in the Marketplace. 2. Can I get Margin Call if I have no free Margin? Margin Call happens when a client's account equity falls ...
About TickTrader mobile terminal
Download TickTrader for Android System requirements: Available on devices running Android 7.0 or later. Download size: 20 MB. Download TickTrader for iOS System requirements: Available on devices running iOS 12.0 or later. Compatible with iPhone, ...