Today’s financial markets are developing and improving at an unprecedented pace. New products and services keep emerging on a daily basis as broking companies are desperately trying to stay afloat in today’s highly-competitive Forex industry. This holds true for other financial markets as well.
The ECN technology is getting more and more popular with Forex traders. Software developers have recently introduced a new trading terminal. It is called ECN cTrader. The developers claim that the software provides full access to the genuine interbank Forex market.
ECN cTrader: Peculiarities
The biggest competitive edge of the revolutionary trading terminal is the fact that it is STP-based, i.e. it uses an STP system to process orders. This means that any trader can work with major liquidity providers directly, without any third parties (including the broker) being involved in the process. This guarantees execution at market prices.
The cTrader terminal can boast several other advantages. One of them is instant execution (1 millisecond). Moreover, the trading terminal is capable of processing 2 orders simultaneously, which minimizes the change of slippage.
Moreover, the ECN cTrader trading terminal has a built-in tool for analyzing market depth (Level II). Thanks to it, a trader can monitor the situation, including the full list of current prices.
All the benefits mentioned below also allow the company to ensure tight spreads.
Another major benefit of cTrader is the fact that charts are design with a glance at trader needs. The new trading software has a lot more useful features. For more details, please visit http://www.ctrader.ru/ctrader.php
What Brokers Offer ECN cTrader?
RoboForex is one of those few brokers that are already offering their brokers an opportunity to trade via the revolutionary cTrader platform.
The broker dedicated to cTrader a special webpage on its official website. It reads:
cTrader trading platform
cTrader trading platform is based on the NDD (Non Dealing Desk) technology, which enables direct market access (DMA). This technology includes no dealers, re-quotes, or any delays in order execution, and guarantees clients’ order execution in the STP mode.
Almost instant order execution due to the STP technology, a wide range of functional capabilities, together with simplicity and usability will provide our clients with an excellent opportunity to operate their ECN-accounts at RoboForex as efficiently as possible.
Professional ECN accounts trading conditions of RoboForex
· Minimum deposit: none;
· 47 currency pairs;
· Metal trading is available: Gold & Silver spot (XAUUSD & XAGUSD);
· Trading Platforms: cTrader, cTrader Web and cTrader Mobile;
· Leverage is up to 1:200;
· Commission: $20 [1] per 1 million USD;
· Floating spread [2] from 0 pips;
· No requotes - Non Dealing Desk (NDD);
· Placing orders inside the spread;
· MarginCall [3] and StopOut [4] levels: MarginCall is 60% and StopOut is 40%;
· Using any trading expert advisors is encouraged (any type of scalping).
[1] — During the period of the offer the commission for cTrader ECN-Pro NDD accounts is $20 for the trading volume of $1,000,000
[2] — Spread value is not fixed (a floating spread). It changes depending on market conditions.
[3] — Level whereby a client is informed about StopOut.
[4] — Level whereby all opened positions will be closed compulsorily.
For more detail, please visit http://www.roboforex.com/trade-conditions/ctrader/
