Broker News : "RoboForex 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 the 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 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 $300;   23 currency pairs;   Metal trading is available: Gold & Silver spot (XAUUSD & XAGUSD);   Leverage is up to 1:300;   Minimum lot size is 0.01 lots (1000 units of base currency);   Maximum lot size per order is 50 lots (5 000 000 units of base currency);   Minimum lot step is 0.01 lots (1000 units of base currency);   Commission [1] is $3 for 1 standard lot (100,000);   Floating spread [2] from 0 pips;   Fast order execution (from 0.3 sec. in any market conditions);   No requotes - Non Dealing Desk (NDD);   Placing orders inside the spread;   Any type of order, including StopLoss & TakeProfit, is executed at market prices;   MarginCall [3] level is 60%;   StopOut level [4] is 40%;   Using any trading expert advisors is encouraged (any type of scalping);   Order execution using the MetaTrader4 trading platform (MT4);   Unique conditions of affiliate program for the ECN accounts [5]: up to $3 for a lot.

[1] — A commission for a complete transaction (opening/closing) is doubled.
[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.
[5] — Partners receive Agent Commission for each closed order executed using the ECN accounts by the clients they have attracted.

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Integral FxGrid technology for the ECN accounts

The ECN Integral trading network combines the liquidity of such financial institutions as Citibank, Deutsche Bank, Bank of America, UBS, HSBC, NOMURA, RBS, BNP Paribas, Credit Suisse, COMMERZBANK, SEB,SMBC, Morgan Stanley, Goldman Sachs, JPMorganChase, NATIXIS. Serving as an interbank system, the ECN Integral trading network, using Fx Grid technology, forms a pool of liquidity suppliers creating interinstitutional trading network - .

RoboForex LP, as a participant of Integral FxGrid, offers its clients an opportunity to execute trade orders using the ECN system. Instant and reliable order execution will be definitely appreciated by both professional and beginner traders.

Integral FxGrid Bridge software is installed directly on the RoboForex LP trading servers and integrated with the MetaTrader4 trading platform, thus allowing the company’s clients to execute trade orders using the MetaTrader4 environment and use MQL4-based expert advisors.

Open an ECN account