The ECN is a zero-commission account, while offering competitive spreads from as low as 0.1 pips, suitable for a variety of trading strategies and lowering the overall trading costs.
Forex
Metals
Indices
Commodities
Cryptocurrencies
None
From 0.1 pips
Up to 1:3000
MetaTrader 4 (MT4)
$200
Trading platforms
MT4 and MT5
MT4
MT4 and MT5
Minimum deposit
$50
$200
$200
Commission
None
None
FX:
$2.5 per lot traded
Metals:
$18 per mil notional traded
Indices and Commodities:
$25 per mil notional traded
Crypto:
0.03% notional traded
Stock CFD:
$0.02 per side/lot (1 share = 1 lot)
ETF CFD:
$0.01 per side/lot (1 share = 1 lot)
Spreads
From 0.3 pips
From 0.1 pips
From 0.0 pips
Leverage
Up to 1:1000
Up to 1:3000
Up to 1:3000
Margin call
50%
80%
80%
Stop out
20%
50%
50%
Markets
Forex, Metals, Indices, Commodities, Cryptocurrencies
Forex, Metals, Indices, Commodities, Cryptocurrencies
Forex, Metals, Indices, Commodities, Cryptocurrencies, Stock CFDs (MT5), ETF CFDs (MT5)
ECN stands for Electronic Communication Network, and it allows individual traders in different countries to buy or sell instruments together without the need for an intermediary.
The key differences between the ECN account and other trading accounts available from Alpari are:
For more information, you can compare accounts here.
If you're an intermediate trader who prefers not to pay commissions and still enjoy competitive spreads, the ECN account provides a balanced option.
There are no commission fees on the ECN account, but the spreads (being the difference between asking and selling prices) will start at 0.1 pips per trade. The spread may increase depending on the instrument traded, and the market conditions at the time of trade.
Trades are settled by market execution meaning they are completed instantly at the prices available in the market at the time of trade. These can be higher or lower than the price indicated, but the order execution is guaranteed.