ECN
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 ...
Slippage control (cancelled by dealer)
Order execution in ECN accounts is designed in a way that provides super-fast execution as well as excludes any dealer intervention in the process. However, these significant advantages might possibly cause adverse high slippage in rapid-moving ...
Islamic accounts and Swaps
ForexEE offers SWAP-free Islamic accounts which are compliant with Sharia laws for Muslim traders. If you are not sure if your account is Islamic or not, please contact Customer Support, give your account number and ask to make your account ...
Scalping, Hedging, Phone Dealing
ECN accounts allow scalping without limitations. Your trades may stay open for several seconds only and you can place Stop Loss, Take Profit and Stop and Limit Orders within the spread (1 or 2 pips away from the current market price). Hedging in ECN ...
Margin Call and Stop Out
In ECN accounts, the Margin Call is triggered when the Margin Level (Equity to Margin ratio) is less than 100% (i. e. the equity of your trading account is equal to the margin used to open the positions). A position is stopped out (closed by broker ...
Margin Trigger
The ECN Broker transmits the clients Limit Orders to the Marketplace which causes the illustrated in Fig. 2 to occur. Once a Limit Order is placed in the Marketplace the Client must put up the margin for the position. However, at the moment when the ...
Leverage in ECN accounts
A ForexEE user can open a TickTrader account with a leverage starting from 1:1 up to 1:500. To change your trading account leverage, please do the folllowing: Select Settings → Profile (Information tab) in the ForexEE Client Portal menu. Select a ...
Transaction Size in ECN accounts
The minimum transaction size in ECN accounts is 0.01 lot (1000 units of the base currency) with incremental lot of 0.01. If you do not see the exact volume you'd like to trade in drop-down list in the New Order window, type the volume in the Volume ...
Minimum Deposit and Maximum Balance
The minimum required deposit and maximum balance can be found on the company's website in the Trading Conditions section.
How to Calculate ECN Commission
The commission rate depends on the account equity and the monthly trading volume. The commission rate can therefore decrease or increase from month to month depending on the traded volume in USD terms for previous period and also the account balance ...
Prices and Spreads
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. ...
What's SWAP?
What is SWAP? In simple terms, a swap is an interest rate that is paid or charged to you at the end of each trading day. Let's consider this in more detail using the example of buying a EUR/USD pair. For this transaction, the trader takes a loan from ...
What is margin trading and leverage?
Simply put, margin trading is a situation when a trade is made for money borrowed from a third party. Leverage shows the ratio of borrowed funds to own deposits. Let’s take a closer look. Imagine you need $2000 to make a trade, but you have only ...
ECN — General Overview
ECN stands for Electronic Communications Network. 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. ECN trading gives you direct access to the Forex ...