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FxPro introduces ECN accounts!
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FxPro introduces ECN accounts!

created Paweł Mosionek24 March 2011

We are pleased to inform you that the FxPro broker, with whom we cooperate from the very beginning, introduces the ECN (Electronic Communications Network) account to the offer.

ECN OFFER:

  • trading on 20 most popular currency pairs;
  • ECN fluidity;
  • market spreads;
  • lever selection from 1: 1 to 1:500;
  • the minimum transaction volume of 10 000 base currency units (0.1 lot);
  • no maximum transaction volume;
  • access to Market Depth Level II (market depth);
  • commission only 30 USD for each 1 turnover USD million;
  • Margin Call at 40% Margin level;
  • closing the most losing position at the level 30% Margin Level;
  • freedom in setting pending orders, even 0.1 pips off the market price!
  • protection against debit on the account;
  • execution of orders with one click;
  • FxPro cTrader transaction platform;
  • 1 000 USD minimum deposit or the equivalent in another currency (EUR, GBP, CHF, JPY, PLN);
  • payment and withdrawal of funds by any method offered earlier;
  • trading from 23: 00 (GMT + 1) on Monday to 23: 00 on Friday;

Bills on MT4 are still on offer and nothing changes here.

How to open an ECN account

If you already have an MT4 account in FxPro and want to open an ECN account, simply log in to the Direct.FxPro Customer Panel and open a new account. Remember to choose "Introducer / IB" so that the new account also belongs to the Forex Club group.

If you do not have an account in FxPro, just go through the standard registration procedure described on our website and select the type of ECN account.

User manual for the new FxPro platform - cTrader - available in the Download section.

In case of any problems or doubts, we help.

What is ECN?

ECN, or Electronic Network Communications, is a network that gathers many liquidity providers into one place (banks, brokers, other investors and institutions) of the FX market, thanks to which our orders are associated directly with their offers and we always get the best market price and spread. We also have access to the so-called Market Depth (market depth).

This means that we are dealing with a real foreign exchange market, where we will not face any intervention by a broker who is never a party to the transaction.
 

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About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the ForexClub.pl website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.