ECN is an electronic communication network that links different participants of the Forex market: investment funds,banks,individual forex traders, etc. To execute your order, the ECN technology searches throught all orders placed by its participants in real time. once it finds an opposite order with rhe matching price and enough volume, your order is executed. There are no intermediaries or dealers involved in the execution process.
The ECN Account accommodates the experienced retail forex traders.A key feature is the ECN Spread received which favors scalping strategies.There is a minimum trade size of 0.01 lot and the trade size increment remains flexible at 0.01. The ECN Account uses the MetaTrader 4 platform.