These days, Forex trading is available to anyone who is keen on making money in financial markets online. Forex is the world’s biggest financial market with trillions of dollars as daily turnover and millions of traders, not to mention hundreds of broking companies and dealing centers catering the industry. The industry keeps evolving on a regular basis, thereby trading has become sophisticated as never before.
More new traders come. Still, most of them need help and guidelines to get themselves up and running relatively fast. Endless streams of data, dozens of charts and indicators attached to them… it is getting more and more difficult for contemporary traders (especially beginners) to analyze all the required information.
Obviously, in today’s highly competitive Forex industry, more and more companies understand that they just have to be client-oriented in order to survive in the long run. They get focused on constant development, thereby offering their clients innovative solutions in order to help them get a competitive edge over the market.
GKFX is one of such client oriented companies. Not so long ago, the company introduced another innovative product.
GKFX ECN - Innovation as a Key to Success
There is a special page dedicated to the Description of GKFX ECN. It reads:
GKFX has developed in-house a full-fledged ECN (Electronic Communication Network) which features all the latest technology used in the finance industry.
What is ECN?
ECN is an electronic equivalent to an exchange which brings together client orders and various liquidity providers such as banks, other ECNs, and larger brokers.
Characteristics of GKFX ECN
GKFX ECN is a multimodular, endlessly scalable system.
ECN is built based on a high-speed data exchange and architecture capable of handling high-frequency queries.
GKFX ECN has throughput capacity of over 30,000 orders per second.
Any quantity of liquidity providers may be connected to GKFX ECN. The liquidity providers are merged into one stream which allows for a stable, steady system and provides access to the best prices in the market.
GKFX ECN features an innovative logic for operating with liquidity providers which allows operations to be optimized, the load on liquidity providers to be reduced, and high quality execution of client orders to be achieved.
Level II market depth, which is available through GKFX ECN, demonstrates the transparency of work and also contains a number of essential functions such as one-click trading and instant determination of the average-weighted price at the required volume.
One of the distinct features of GKFX is that client orders are visible in the market depth. Our clients can see both their own orders and those of others in the system, influence the spread as well as trade client-to-client with no spread.
GKFX ECN makes no restrictions on placing entry orders. Clients may place limit orders within the spread.
We have no restrictions regarding trading tactics, such as ‘pipsing’ or ‘scalping.’ There are no clauses in the contract concerning the length of time or amount of profit derived from trades.
Market spread starting at 0 pips.
Instant execution and no requotes.
There’s another distinct feature of our ECN: GKFX clients may gain execution at prices more favorable than those they indicated in the order. For transparency, we added a service to MT4 which adds to the order commentary the amount of slippage when the order is opened and closed.
How does it appear?
GKFX does not in any way interfere in the trading process. We have no artificial delays or slippage.
Thanks to the anonymity of trades, orders from any given client are not identified in the overall stream, which precludes the possibility of liquidity providers giving any particular client worse execution. GKFX has an interest in the profitability of traders and in increasing trading volumes. We do everything possible to ensure the profitability of our clients.
For more information on trading account types, market depth, execution types and trade settings for GKFX ECN (including charts and videos), please visit the following pages of the company’s official website:
http://gkfxecn.com/ecn/description.html
http://gkfxecn.com/en/ecn/market_depth.html
http://gkfxecn.com/en/ecn/execution_types.html
http://gkfxecn.com/en/ecn/trade_settings.html
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