TickTrader ECN account: Gross vs. Net
Gross and Net accounts are Margin accounts, which means that trading is performed using leverage. Leverage allows you to trade a larger amount of funds than is available on the account.
The key difference between Gross and Net accounts is that on Gross accounts, all positions opened on a financial instrument are separate operations. Each position is a separate record. You can open multiple positions, including opposite ones, on one financial instrument.
Read here how to open a new TickTrader ECN Net/Gross account in the ForexEE Client Portal.
Advantages on Gross Account:
- Stop Loss/Take Profit orders and Trailing Stop are available.
- P/L is calculated separately for each position.
- You can close positions using the Close position command.
- When you reverse a position, the current position is closed and the opposite position of the same volume is opened.
|Number of positions on the same financial instrument
|Opposite positions (Buy and Sell) on the same financial instrument
|Increasing position volume
|Decreasing position volume
❌Partial closing of a position decreases its volume. In the Order Modification window, specify a smaller volume and click Close by Market. The specified Trade Volume is closed, and the position remains open with the Remaining Volume.
✓To decrease the Net position volume, open an opposite position of a smaller volume.
|To reverse a position, use the Reverse Trade Position command. The current position is closed and the opposite position of the same volume is opened.
|To reverse a Net position, open an opposite position of a larger volume.
|Position is closed using the Close position command.
|Net position is closed by opening an opposite position of the same volume.
ECN Account Opening
Live ECN account With ForexEE a user can open trading accounts of the following types: TickTrader ECN Gross and TickTrader ECN Net. To open a TickTrader ECN account: Select Add Account → TickTrader ECN in the ForexEE Client Portal. Read and accept ...
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. ...
Financial instruments: FX Spot, Metals CFD Trading platforms: TickTrader Symbol Description 1 Lot Contract Size Min Trade Step Digits 1 pip value of 1 lot Market Order Max Slippage Stop Order Max Slippage Margin* AUDCAD Australian Dollar vs Canadian ...
How to open a TickTrader Demo account
With ForexEE a user can open a TickTrader Demo account of the following types: ECN Gross ECN Net To open a TickTrader Demo ECN account: Select Add Account → Demo in the ForexEE Client Portal. Select the demo account leverage (from 1:1 to 1:500) and ...
How to open a TickTrader account
With ForexEE a user can open a TickTrader account of the following types: ECN Gross ECN Net To open a TickTrader ECN account: Select Add Account → TickTrader ECN in the ForexEE Client Portal. Read and accept the terms of the agreement by selecting I ...