ECN accounts at eplanet brokers are suitable for traders who are looking for near-zero spreads and direct access to international markets. These accounts, by providing a professional ECN trading experience, are the best choice for traders who value speed, transparency, and accurate pricing. With ECN Forex accounts, you can benefit from the lowest trading costs and directly connect with market liquidity.
Distinctive features of the Standard account
Direct market access
Your trades are executed without intermediaries and with high transparency.
Cost-effective
Low spreads and reasonable commission for maximum profitability.
Fast order execution
Uninterrupted and smooth trading experience at all times.
Designed for professionals
An ideal choice for serious and energetic traders.
The ECN account is designed for those who are looking for fast and transparent transactions. With low spreads and affordable commission, this account is an ideal choice for professional traders.
ECN Account Specifications
Why ECN Account?
The ECN account is designed for traders who are looking for complete transparency and real market prices. This account executes your trades directly in the interbank markets without any intermediaries, and therefore, offers very low spreads and high-speed order execution. These features make the ECN account a suitable option for those who are looking to reduce trading costs and take advantage of rapid market changes.
Global access, personalized solutions: Deposit and withdraw funds conveniently, free of charge.
Frequently Asked Questions
What are the potential risks of trading with an ECN Account?
While ECN accounts offer advantages, consider these potential risks:
- Variable Spreads: Spreads can widen significantly during periods of high volatility or news events.
- Commission Costs: Commissions can add up, especially for high-frequency traders.
- Market Liquidity: Certain currency pairs may have lower liquidity during specific times, potentially affecting execution.
What types of traders are best suited for an ECN Account?
ECN accounts are ideal for:
- Scalpers: Traders who execute frequent short-term trades and benefit from tight spreads and fast execution.
- Day traders: Traders who open and close positions within the same trading day, requiring efficient order filling.
- Experienced traders: Traders who understand market dynamics and can effectively manage trading costs.
How does an ECN Account differ from a Standard Account?
While both accounts offer access to the Forex market, here are some key differences:
- Spreads: ECN accounts generally have tighter spreads, starting from 0.0 pips, compared to Standard accounts.
- Commissions: ECN accounts typically charge a commission per trade, while Standard accounts are commission-free.
- Execution: ECN accounts offer faster execution speeds due to direct market access.
- Minimum Deposit: ECN accounts usually require a higher minimum deposit ($300 in this case) compared to Standard accounts ($30).
What are the key features of an ECN Account?
- Direct Market Access: Trades are executed without intermediaries, ensuring transparency and minimal slippage.
- Cost-Effective: Offers low spreads (from 0.0 pips) and a reasonable commission structure.
- Fast Order Execution: Experience seamless and uninterrupted trading with high-speed order execution.
Professional Tools: Access advanced charting tools, technical indicators, and order types for informed trading decisions.
What is an ECN Account?
An ECN (Electronic Communication Network) Account at ePlanet provides direct access to the interbank market, allowing you to trade with high transparency and speed. It’s designed for traders who prioritize accurate pricing, low trading costs, and fast execution.