Ekaterina Fechina
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ECN Technology means deep liquidity, utterly tight spreads and absence of competing interests.
Recently, we have examined the advantages of Forex.ee STP Technology. At the same time, our company mainly holds itself out as an ECN broker. So now we would like to put more focus on the specificsof ECN-technology and the opportunities it presents to traders at our company.
ECN (Electronic Communication Network) is an electronic trade network, which gathers all “Buy” and “Sell” orders from its members to perform trade operations with no intermediaries. ECN participants are leading financial institutions (banks, investment funds, international corporations) as well as ECN-brokers, traders and private investors.
How does the ECN Technology work at Forex.ee?
In our company, ECN Technology (as well as STP system) functions on the basis of Market execution through MT4 trading platform. There by, we provide our clients with the best current quotations by means of giving access to the Interbank liquidity.
Our main liquidity providers for ECN accounts are LMax, CitiFX, FXOpen, Integral, Currenex and Hotspot.
At Forex.ee, the ECN Technology order processing mechanism is based on utilizing the aggregated liquiditymodel, i.e. your order counter parts not only with other clients of the company, but also with a huge number of the Interbank market participants. Orders of all ECN participants automatically appear on the market in online mode.
Technically, the order processing comes in the following sequence. Every Forex.ee ECN-account holder places his “Buy” or “Sell” order depending on his price fluctuation forecast. Orders from all our clients, as well as those from other members of ECN, enter the common database. Then, the system compares the orders received and automatically allocates the opposite ones among them providing the trading instrument, price and volume parameters are the same. Such transactions are executed and processed at a high speed by virtue of ECN Technology.
The average execution speed on Forex.ee ECN accounts is only 150-300 ms.
The operational principles of ECN technology at Forex.ee. Each Forex.ee ECN account holder has equal rights as of order processing and can be both a liquidity provider and a user of liquidity. When it comes to our clients’ trading, any interference from our side is out of question since there is no conflict of interest.
The ECN Technology advantages:
• Abundance of liquidity providers;
• Full provision of market depth (traders can see their own orders and those of others);
• Orders are processed at the best currently available price;
• High order execution speed;
• Ability to operate with orders of any volumes (from very small to very large).
We also offer slippage control, which is a special technical solution devised to raise the security of our customers’ trading. It is meant to protect you against a possible slippage with ECN execution. Slippage control is automatically installed together with Forex.ee MT4 platform.
Our ECN-accounts: 3 account types with very tight spreads
Forex.ee is among top-three ECN/DMA brokers in terms of the tigh test spreads and lowest commissions in the Forex market, which brings your trading expenses to a minimum. For instance, our average spread on EUR/USD is 0.1 (the maximum spread during the Non-Farm Payroll news is 2.7).
Large selection of trade instruments (49 currency pairs, gold and silver); liquidity from the best providers; pricing with five decimal places and high-speed order execution - these are the overall advantages of Forex.ee ECN accounts, to name a few.
Forex.ee ECN account types:
Among all ECN account types, ECN Advanced is the most popular for professional trading. Minimal expenses and the leverage size of 1:500 provide beneficial conditions for scalping, high-frequency and automated trading.
As a conclusion, we should say that it wouldn’t be right to distinguish between irrefutable strong points of our ECN and STP technologies. In our company, these technology systems complement each other, providing effective running of the entire trading process.
We would be glad to assist you!
Recently, we have examined the advantages of Forex.ee STP Technology. At the same time, our company mainly holds itself out as an ECN broker. So now we would like to put more focus on the specificsof ECN-technology and the opportunities it presents to traders at our company.
ECN (Electronic Communication Network) is an electronic trade network, which gathers all “Buy” and “Sell” orders from its members to perform trade operations with no intermediaries. ECN participants are leading financial institutions (banks, investment funds, international corporations) as well as ECN-brokers, traders and private investors.
How does the ECN Technology work at Forex.ee?
In our company, ECN Technology (as well as STP system) functions on the basis of Market execution through MT4 trading platform. There by, we provide our clients with the best current quotations by means of giving access to the Interbank liquidity.
Our main liquidity providers for ECN accounts are LMax, CitiFX, FXOpen, Integral, Currenex and Hotspot.
At Forex.ee, the ECN Technology order processing mechanism is based on utilizing the aggregated liquiditymodel, i.e. your order counter parts not only with other clients of the company, but also with a huge number of the Interbank market participants. Orders of all ECN participants automatically appear on the market in online mode.
Technically, the order processing comes in the following sequence. Every Forex.ee ECN-account holder places his “Buy” or “Sell” order depending on his price fluctuation forecast. Orders from all our clients, as well as those from other members of ECN, enter the common database. Then, the system compares the orders received and automatically allocates the opposite ones among them providing the trading instrument, price and volume parameters are the same. Such transactions are executed and processed at a high speed by virtue of ECN Technology.
The average execution speed on Forex.ee ECN accounts is only 150-300 ms.
The operational principles of ECN technology at Forex.ee. Each Forex.ee ECN account holder has equal rights as of order processing and can be both a liquidity provider and a user of liquidity. When it comes to our clients’ trading, any interference from our side is out of question since there is no conflict of interest.
The ECN Technology advantages:
• Abundance of liquidity providers;
• Full provision of market depth (traders can see their own orders and those of others);
• Orders are processed at the best currently available price;
• High order execution speed;
• Ability to operate with orders of any volumes (from very small to very large).
We also offer slippage control, which is a special technical solution devised to raise the security of our customers’ trading. It is meant to protect you against a possible slippage with ECN execution. Slippage control is automatically installed together with Forex.ee MT4 platform.
Our ECN-accounts: 3 account types with very tight spreads
Forex.ee is among top-three ECN/DMA brokers in terms of the tigh test spreads and lowest commissions in the Forex market, which brings your trading expenses to a minimum. For instance, our average spread on EUR/USD is 0.1 (the maximum spread during the Non-Farm Payroll news is 2.7).
Large selection of trade instruments (49 currency pairs, gold and silver); liquidity from the best providers; pricing with five decimal places and high-speed order execution - these are the overall advantages of Forex.ee ECN accounts, to name a few.
Forex.ee ECN account types:
Among all ECN account types, ECN Advanced is the most popular for professional trading. Minimal expenses and the leverage size of 1:500 provide beneficial conditions for scalping, high-frequency and automated trading.
As a conclusion, we should say that it wouldn’t be right to distinguish between irrefutable strong points of our ECN and STP technologies. In our company, these technology systems complement each other, providing effective running of the entire trading process.
We would be glad to assist you!
