The Forex trading industry keeps evolving. In this aspect, the new progressive trading technology called ECN is getting more and more popular, thereby winning the hearts and minds of those who trade Forex professionally.
Off the bat, ECN allows traders to work with major liquidity providers directly, without the involvement any third parties. Secondly, traders get their orders executed in the blink of an eye. Thirdly, those orders are executed at best prices available.
Obviously, in today’s highly competitive Forex industry, more and more broking companies are switching to ECN in attempt to make their business more competitive and to stay afloat in a rough ocean of tough competition.
A natural question arises: What Forex brokers offer the industry’s best ECN trading conditions? It is crucial to know the right answer to this question because this will have a major impact on you trading performance, especially if you want to get a competitive edge over other market participants.
In order to help us answer this question, decided to start its own comprehensive and unbiased rating of ECN brokers. The rating is based on transparent and independent statistical criteria (which cannot be manipulated).
As far as ’s rating of Forex brokers is concerned, at this point RoboForex is number one in the ECN rankings. By the way, last year and the trading internet community (those who participated in open voting) awarded RoboForex with the “Best Forex Broker For Automated trading 2012” title.
Not so long ago, the company improved the trading conditions offered to the owners of ECN trading accounts.
ECN by RoboForex: Best Prices and Spreads
According to Andrei Goilov, chief analysts at RoboForex’s Russian office, says ECN is extremely popular with professional Forex traders as it gives them a competitive edge over some other market participants in multiple aspects , including instant execution, tight spreads, optimal prices, genuine interbank liquidity etc.
ECN stands for Electronic Communication Network.
This is what the ECN page on RoboForex’s official website reads:
Professional ECN accounts of ECN broker
What is ECN and what are the main features of an ECN broker?
The ECN (Electronic Communication Network) system is an electronic trading network, which includes the function of automatic purchase and sales orders matching at a price which is satisfactory for both parties of the trade. The main participants of the ECN systems are banks, major market makers, investment funds, brokers, and dealers.
The main advantage of the ECN accounts is the absence of a conflict-of-interest between a client and a broker that uses the ECN technology: an ECN broker forwards clients’ orders straight to his counterparty who provide liquidity. Using this trading pattern, a broker is interested in increasing of trading volume, as he receives a commission for each order.
Professional ECN accounts trading conditions of RoboForex
· Minimum deposit is $1000;
· 48 currency pairs;
· Metal trading is available: Gold & Silver spot (XAUUSD & XAGUSD);
· Trading Platforms: MetaTrader4, MetaTrader5;
· Level is up to 1:200;
· Commission [1] is $2.45 for 1 standard lot (100,000 units of base currency);
· Floating spread [2] from 0 pips;
· Fast order execution up to 0.5 sec;
· No requotes - Non Dealing Desk (NDD);
· Placing orders inside the spread;
· StopOut level [4] is 40%;
· Using any trading expert advisors is encouraged (any type of scalping);
· Unique conditions of affiliate program for the ECN accounts [5]: up to $3 for a lot.
For more details, please visit http://www.roboforex.com/trade-conditions/integral-fxgrid/
Now let’s have a look at the comparative chart. It contains the list of ECN brokers as well as spreads offered by them:
Taking into account all the mentioned information, we can conclude that RoboForex’s ECN accounts are some of the best options available in the Forex trading industry. Therefore, it is a perfect choice for professional traders and trading managers.
