Pleasure is when a person does what he/she likes to do. This is true of Forex trading, especially when you are a winning professional trader making decent profits on a regular basis. All of them take delight in trading currencies.
However, some dirty broking companies and dealing centers prevent winning traders from enjoying their work. They use various dirty schemes to make their clients lose money on a regular basis.
On the other hand, there are reliable broking companies that are licensed and regulated by major financial authorities. Being truly client-oriented companies, they strive to offer their clients the industry’s most competitive trading conditions and high quality services while being focused on innovation. With such companies, successful traders can make sure they will enjoy trading without any pitfalls and traps set by the broker.
FXOpen is one of such client-oriented reliable broking companies. With FXOpen, you can enter the interbank market by means of the ECN technology even if you are a MetaTrader 4 (or 5) user. The popular trading platform was improved by a team of FXOpen experts. A lot of traders say that the company has taken ECN trading to a whole new level, thus revolutionizing the industry. It is not accidental that recognized FXOpen the World’s best ECN Broker 2012. The decision was made on multiple criteria, including the results of year-long open voting.
ECN – The Future Of Forex
These days more and more traders prefer to trade via ECNs as it provides access to the genuine interbank market. ECN stands for Electronic Communication Network. It allows trader to interact with other market participants (including major liquidity providers) directly, i.e. without mediators. Moreover, If you capital is pretty decent, you can trade really big volumes with instant execution of orders. You pay the broker only for the very access to the ECN. The rest depends on you. This is the major difference and competitive advantage of ECN brokers as other broking companies rarely sent clients’ orders to the interbank.
Not so long ago, the ECN technology was available only to big-scale and institutional traders like banks, hedge funds and other financial companies. With FXOpen, anyone can trade genuine Forex via an ECN, even scalpers and those how use trading robots.
Still, most ECN brokers demand that the clients should have pretty decent starting capital to trade on ECN accounts. However, FXOpen has managed to resolve this problem by developing a unique innovation technology that has tightened spreads, simultaneously lowering margin requirements.
In order to not sound proofless, we will show you a comparative table of spreads:
As you can see, FXOpen offers some of the industry’s tightest spreads among ECN brokers. This became possible thanks to the company’s innovative product – a unique aggregator that allows traders to get the best prices available on the market at any time. The aggregator chooses from a variety of offers made by liquidity providers. This happens within a millisecond even though it involves the use of the MetaTrader 4 trading terminal.
As we have mentioned before, ECN trading via MT4 is also beneficial for scalpers and automated traders (those who use trading robots). They get the following advantages:
· Tight spreads
· Low commissions
· Low margin requirements
· Direct access t the interbank liquidity via MT4
· Instant execution of orders
· No re-quoting and slippage
Obviously, there are many benefits of ECN trading, especially when it is done via the industry’s most popular trading terminal. So, FXOpen may be a perfect option for all kinds of Forex traders!
