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.
| | Gross account | Net account |
|---|
| Number of positions on the same financial instrument | Many | One | | 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. | | Position reversal | 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. | | Closing position | Position is closed using the Close position command. | Net position is closed by opening an opposite position of the same volume. |
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