Does the FXOpen ECN account offer the same advantages as other brokers？How to apply and how the order works？

One of the main benefits of ECN trading is the ability to enter deep liquidity pools and trade with smaller spreads, allowing traders to execute trades at the best available price, thereby improving trading results。

Another advantage of ECN trading is the transparency it provides。ECN brokers typically use a direct market access (DMA) model that allows traders to see the exact price at which other market participants are buying and selling。

FXOpen is one of the brokers offering ECN account type。As an established and regulated broker, FXOpen offers its clients a variety of trading options, including the ability to trade using ECN accounts。

In this guide, we will go into detail on how to get started with ECN accounts in FXOpen。

FXOpen Introduction

Founded in 2005, FXOpen is a reputable broker operating since 2003, headquartered in Australia, Cyprus and the United Kingdom, with a global presence, ideal for providing foreign exchange and CFD trading services to clients around the world.。

In addition to its established reputation, FXOpen is regulated by several regulators, including ASIC (412871), CySEC (194 / 13) and FCA (UK) (579202).。

The company is also a member of the Investor Compensation Fund, which provides additional protection of up to €20,000 for clients' funds.。Overall, FXOpen has a strong reputation for maintaining a safe and secure trading environment。

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FXOpen has been operating as an online trading provider for retail customers since 2005.。The company was founded by a group of traders with a mission to provide services in the interests of traders.。FXOpen claims to be one of the first companies to offer ECN trading via MetaTrader 4 (MT4)。With unique proprietary price aggregation technology, customers can benefit from the industry's most competitive spreads (from 0 points) and low trading commissions。

In 2006, FXOpen also became the first broker to offer micro and swap-free accounts.。Since then, they have gone on to become pioneers in a number of high-tech services, including the first crypto account that can offer trading facilities for 24 cryptocurrency pairs such as Bitcoin, Litecoin and Ethereum.。

In addition, the company also provides one-click trading and secondary MT4 plug-ins, allowing traders to trade with just a click of the mouse。Traders don't need to worry about trading security at FXOpen。They are registered with Nevis, FCA UK and ASIC Australia。

Provide STP, Micro, ECN and other trading accounts, as well as free unlimited demo accounts。Minimum deposit per account depends on account type; $1 for micro accounts, $10 for STP and cryptocurrency accounts, and $100 for ECN accounts。FXOpen also offers leverage up to 1: 3 (for cryptocurrency accounts) and up to 1: 500 (for micro, STP and ECN accounts)。

In addition, traders can enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems.。Both services allow anyone to copy the trades of an experienced trader。Thus, a trader can replicate the results of a professional trader's strategy。

The FXOpen PAMM service allows transactions to be copied from the main account to one or more follower accounts and automatically distributes profits and losses。A professional trader operates personal funds through a PAMM account, his trading strategy is copied into the funds of his followers。The owner of the follower account can view and analyze the performance of the PAMM account with the help of advanced analytics。FXOpen has 3 PAMM accounts, STP, ECN and Crypto PAMM。

On ECN accounts, traders will receive direct quotes from leading liquidity providers, including Dresdner Bank, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JPMorgan Chase, Morgan Stanley, Deutsche Bank, Royal Bank of Scotland, Citibank and UBS Group。

After seeing the various advantages offered by FXOpen, traders can easily register an account by simply filling out the form in the registration menu of the FXOpen website。Traders will be required to verify documents in advance if they want to deposit or withdraw funds。According to the trader's experience and information, since the establishment of FXOpen, customers have not had any major complaints about payments (deposits or withdrawals)。

After registering with FXOpen, traders also have the opportunity to receive other benefits, such as the FXOpen cash return program within the first 90 days after new customer registration。Cash back minimum $5, maximum $1,000。

In addition, ECN, STP and crypto account holders can also use free VPS。Traders who can maintain a net worth of $5,000 at the end of the month or reach a monthly trading volume of $10,000,000 can use FXOpen VPS for 1 month free of charge。The advantages of VPS on FXOpen are excellent accessibility, flexibility and speed。

Trading on FXOpen becomes easier because traders can increase their insight into trading by participating in competitions。FXOpen Broker via ForexCup.com website offers weekly and monthly trading competitions on demo accounts, traders can participate in free competitions to hone their skills。If you want a bigger challenge, there are trading competitions on real accounts。

The company also offers a forex partnership program to traders, forex brokers and website owners who post information on fiat and cryptocurrency trading.。There are 3 types of partner levels, including using referral (affiliate) links, Forex rebates, and personal partner conditions to attract new customers to FXOpen's Forex IB (Forex Agent)。

All in all, FXOpen is a comprehensive forex brokerage firm for traders who want to try a variety of trading tools, the trading environment for ECN accounts, low minimum deposits, the best cryptocurrency trading conditions, and interesting trading features such as PAMM and mock competitions.。

Reasons to choose a FXOpen ECN account

Choosing an ECN account with FXOpen has several advantages, such as:

• Get the best price spreads and execution: FXOpen's advanced technology aggregates liquidity from top banks to provide the best prices, real market spreads as low as 0 points, and smooth order execution。
  No trading desk: The system matches your order with the opposite order of another ECN participant, which means that the broker will not trade with you and there is no conflict of interest。
  Flexible trading methods: scalping, news trading, automatic HFT (high-frequency trading) and expert advisors can be unrestricted。
  Affordable: Minimum deposit of $100, transaction increment as low as 0.01 lots, commissions as low as 1 per standard lot.5美元。
  Two types of ECN TT accounts: You can choose to trade on their TickTrader platform or Gross and Net, each of which can be used for different trading strategies。

FXOpen ECN Account Details

Minimum deposit	$100 (or equivalent in other currencies)
Available currency	USD, AUD Australian Dollar, CHF Swiss Franc, EUR, GBP Pound Sterling, JPY Japanese Yen, RUB Russian Ruble, SGD Singapore Dollar, Gold, mBTC
Maximum balance	Unlimited
Spread	Floating, from 0
Deposits	1 per standard hand.From $5 ($100,000)
Re-offer	❌
Slip point	✅
Leverage	Up to 1: 500
Recovery of security deposit	100%
Stop Loss	50%
Minimum transaction size	0.01 Hands
Maximum transaction size	Unlimited
Demo Account	✅
Islamic accounts	✅
Rewards	❌
Trading instruments	Foreign Exchange Spot CFDs, Cryptocurrency CFDs, Equity CFDs, Index CFDs, Spot Metal CFDs and Commodity CFDs
Hedging, EA trading, scalping	✅
Trading News	✅
️ Telephone transactions	✅
Market Depth of Level 2 Quotes	✅

FXOpen ECN Account Margin

ECN accounts involve commissions for trading operations, which are determined based on the net account value and monthly trading volume。

Please take a brief look at these forms。

TickTrader Margin
Financial Instruments: Forex Spot, Metal CFD, Commodity CFD, Cryptocurrency, US Equity CFD, Index CFD
Stock Equivalent USD	Trading volume
		5,000,000-25,000,000	25,000,001-250,000,000	>250,000,000
	Foreign exchange spot, metal CFDs, Commodity CFDs 0.0035% Recipient / 0.0035% Makers Cryptocurrency 0.25% of recipients / 0.15% Makers U.S. CFDs 0.1% of recipients / 0.1% of manufacturers Index CFDs Group 1 0% Recipient / 0% Manufacturer Index CFDs Group 2 0% Recipient / 0% Manufacturer	Foreign exchange spot, metal CFDs, Commodity CFDs 0.0025% Recipient / 0.002% Makers Cryptocurrency 0.25% of recipients / 0.1% of manufacturers U.S. CFDs 0.1% of recipients / 0.08% Makers Index CFDs Group 1 0% Recipient / 0% Manufacturer Index CFDs Group 2 0% Recipient / 0% Manufacturer	Foreign exchange spot, metal CFDs, Commodity CFDs 0.0018% Recipient / 0.0015% Makers Cryptocurrency 0.2% of recipients / 0.1% of manufacturers U.S. CFDs 0.1% of recipients / 0.06% Makers Index CFDs Group 1 0% Recipient / 0% Manufacturer Index CFDs Group 2 0% Recipient / 0% Manufacturer	Foreign exchange spot, metal CFDs, Commodity CFDs 0.0015% Recipient / 0.001% Makers Cryptocurrency 0.1% Recipient / 0% Manufacturer U.S. CFDs 0.08% Recipients / 0.04% Makers Index CFDs Group 1 0% Recipient / 0% Manufacturer Index CFDs Group 2 0% Recipient / 0% Manufacturer
1,000-25,000	Foreign exchange spot, metal CFDs, Commodity CFDs 0.0025% Recipient / 0.002% Makers Cryptocurrency 0.25% of recipients / 0.1% of manufacturers U.S. CFDs 0.1% of recipients / 0.08% Makers Index CFDs Group 1 0% Recipient / 0% Manufacturer Index CFDs Group 2 0% Recipient / 0% Manufacturer	Foreign exchange spot, metal CFDs, Commodity CFDs 0.0025% Recipient / 0.002% Makers Cryptocurrency 0.25% of recipients / 0.1% of manufacturers U.S. CFDs 0.1% of recipients / 0.08% Makers Index CFDs Group 1 0% Recipient / 0% Manufacturer Index CFDs Group 2 0% Recipient / 0% Manufacturer	Foreign exchange spot, metal CFDs, Commodity CFDs 0.0018% Recipient / 0.0015% Makers Cryptocurrency 0.2% of recipients / 0.1% of manufacturers U.S. CFDs 0.1% of recipients / 0.06% Makers Index CFDs Group 1 0% Recipient / 0% Manufacturer Index CFDs Group 2 0% Recipient / 0% Manufacturer	Foreign exchange spot, metal CFDs, Commodity CFDs 0.0015% Recipient / 0.001% Makers Cryptocurrency 0.1% Recipient / 0% Manufacturer U.S. CFDs 0.08% Recipients / 0.04% Makers Index CFDs Group 1 0% Recipient / 0% Manufacturer Index CFDs Group 2 0% Recipient / 0% Manufacturer
25,001-250,000	Foreign exchange spot, metal CFDs, Commodity CFDs 0.0018% Recipient / 0.0015% Makers Cryptocurrency 0.2% of recipients / 0.1% of manufacturers U.S. CFDs 0.1% of recipients / 0.06% Makers Index CFDs Group 1 0% Recipient / 0% Manufacturer Index CFDs Group 2 0% Recipient / 0% Manufacturer	Foreign exchange spot, metal CFDs, Commodity CFDs 0.0018% Recipient / 0.0015% Makers Cryptocurrency 0.2% of recipients / 0.1% of manufacturers U.S. CFDs 0.1% of recipients / 0.06% Makers Index CFDs Group 1 0% Recipient / 0% Manufacturer Index CFDs Group 2 0% Recipient / 0% Manufacturer	Foreign exchange spot, metal CFDs, Commodity CFDs 0.0018% Recipient / 0.0015% Makers Cryptocurrency 0.2% of recipients / 0.1% of manufacturers U.S. CFDs 0.1% of recipients / 0.06% Makers Index CFDs Group 1 0% Recipient / 0% Manufacturer Index CFDs Group 2 0% Recipient / 0% Manufacturer	Foreign exchange spot, metal CFDs, Commodity CFDs 0.0015% Recipient / 0.001% Makers Cryptocurrency 0.1% Recipient / 0% Manufacturer U.S. CFDs 0.08% Recipients / 0.04% Makers Index CFDs Group 1 0% Recipient / 0% Manufacturer Index CFDs Group 2 0% Recipient / 0% Manufacturer
>250,001	Foreign exchange spot, metal CFDs, Commodity CFDs 0.0015% Recipient / 0.001% Makers Cryptocurrency 0.1% Recipient / 0% Manufacturer U.S. CFDs 0.08% Recipients / 0.04% Makers Index CFDs Group 1 0% Recipient / 0% Manufacturer Index CFDs Group 2 0% Recipient / 0% Manufacturer	Foreign exchange spot, metal CFDs, Commodity CFDs 0.0015% Recipient / 0.001% Makers Cryptocurrency 0.1% Recipient / 0% Manufacturer U.S. CFDs 0.08% Recipients / 0.04% Makers Index CFDs Group 1 0% Recipient / 0% Manufacturer Index CFDs Group 2 0% Recipient / 0% Manufacturer	Foreign exchange spot, metal CFDs, Commodity CFDs 0.0015% Recipient / 0.001% Makers Cryptocurrency 0.1% Recipient / 0% Manufacturer U.S. CFDs 0.08% Recipients / 0.04% Makers Index CFDs Group 1 0% Recipient / 0% Manufacturer Index CFDs Group 2 0% Recipient / 0% Manufacturer	Foreign exchange spot, metal CFDs, Commodity CFDs 0.0015% Recipient / 0.001% Makers Cryptocurrency 0.1% Recipient / 0% Manufacturer U.S. CFDs 0.08% Recipients / 0.04% Makers Index CFDs Group 1 0% Recipient / 0% Manufacturer Index CFDs Group 2 0% Recipient / 0% Manufacturer

MetaTrader 4 and MetaTrader 5 Margin
Financial Instruments: Forex Spot, Metal CFD, Commodity CFD, Cryptocurrency CFD, Equity CFD, Index CFD
Stock Equivalent USD	Trading volume
		5,000,000-25,000,000	25,000,001-250,000,000	>250,000,000
	Foreign exchange spot, commodity CFDs, Metal CFD $35 per Mio Equity CFDs 0.1% Cryptocurrency CFDs 0.25% Index CFDs Standard	Foreign exchange spot, commodity CFDs, Metal CFD $25 per Mio Equity CFDs 0.1% Cryptocurrency CFDs 0.25% Index CFDs Premium	Foreign exchange spot, commodity CFDs, Metal CFD $18 per Mio Equity CFDs 0.1% Cryptocurrency CFDs 0.2% Index CFDs Premium	Foreign exchange spot, commodity CFDs, Metal CFD $15 per Mio Equity CFDs 0.08% Cryptocurrency CFDs 0.1% Index CFDs Premium
1,000-25,000	Foreign exchange spot, commodity CFDs, Metal CFD $25 per Mio Equity CFDs 0.1% Cryptocurrency CFDs 0.25% Index CFDs Premium	Foreign exchange spot, commodity CFDs, Metal CFD $25 per Mio Equity CFDs 0.1% Cryptocurrency CFDs 0.25% Index CFDs Premium	Foreign exchange spot, commodity CFDs, Metal CFD $18 per Mio Equity CFDs 0.1% Cryptocurrency CFDs 0.2% Index CFDs Premium	Foreign exchange spot, commodity CFDs, Metal CFD $15 per Mio Equity CFDs 0.08% Cryptocurrency CFDs 0.1% Index CFDs Premium
25,001-250,000	Foreign exchange spot, commodity CFDs, Metal CFD $18 per Mio Equity CFDs 0.1% Cryptocurrency CFDs 0.2% Index CFDs Premium	Foreign exchange spot, commodity CFDs, Metal CFD $18 per Mio Equity CFDs 0.1% Cryptocurrency CFDs 0.2% Index CFDs Premium	Foreign exchange spot, commodity CFDs, Metal CFD $18 per Mio Equity CFDs 0.1% Cryptocurrency CFDs 0.2% Index CFDs Premium	Foreign exchange spot, commodity CFDs, Metal CFD $15 per Mio Equity CFDs 0.08% Cryptocurrency CFDs 0.1% Index CFDs Premium
>250,001	Foreign exchange spot, commodity CFDs, Metal CFD $15 per Mio Equity CFDs 0.08% Cryptocurrency CFDs 0.1% Index CFDs Premium	Foreign exchange spot, commodity CFDs, Metal CFD $15 per Mio Equity CFDs 0.08% Cryptocurrency CFDs 0.1% Index CFDs Premium	Foreign exchange spot, commodity CFDs, Metal $15 / Mio Equity CFDs 0.08% Cryptocurrency CFDs 0.1% Index CFDs Premium	Foreign exchange spot, commodity CFDs, Metal CFD $15 per Mio Equity CFDs 0.08% Cryptocurrency CFDs 0.1% Index CFDs Premium

Index CFD margin
Trading instruments		Standard%	Premium%	Currency
First group	Australia 200	0	0	AUD AUD
	Europe 50	0	0	EUR
	France 40	0	0	EUR
	UK 100	0	0	GBP Pound Sterling
	US Tech 100 (Mini)	0	0	USD USD
	Wall Street 30 (Mini)	0	0	USD USD
	Hong Kong 50	0	0	HKD Hong Kong Dollar
Second group	Germany 40 (Mini)	0	0	EUR
	Japan 225	0	0	JPY Japanese Yen
	US SPX 500 (Mini)	0	0	USD USD

As a result, the commission rate is also affected by prior period dollar volume and account balances at the time of recalculation。

FXOpen ECN accounts are denominated in multiple currencies, so commissions will be automatically converted to the account's base currency using the current exchange rate。

Please note that all commission values mentioned are expressed as half-circle commissions。

ECN Trading and FXOpen's MT ECN Platform

ECN stands for Electronic Communication Network, a network of investment funds, banks, dealers and other entities。Due to the lack of centralized trading in the Forex market, trading takes place in the over-the-counter (OTC) market。

FXOpen is the first broker to launch a real MT ECN trading platform。FXOpen's MT ECN creates an extremely liquid and competitive market by connecting to a large retail FX liquidity pool of leading banks and liquidity providers。

The ECN model uses market execution, which means your order will be executed in the interbank market。ECN trading is particularly suitable for high-volume trading and various trading strategies such as scalping, hedging, telephone trading and the use of expert advisors。

How to open an ECN demo account？

1.Select a demo account on the FXOpen website。

2.Select the type of account you want to open and fill out the form required to open an account。

3.If your email address is a required field in the account opening process, please provide your email address。

4.Please create password for main account。

5.Your master and demo account details will be displayed on the screen and sent to your email。Secure these details and keep them in a safe place for future reference。

Conclusion

In summary, FXOpen explains in great detail how their ECN account provides good and transparent pricing as well as market execution, similar to the ECN accounts typically offered by other genuine ECN brokers.。

In summary, trying out ECN trading in FXOpen can be a rewarding experience, you can start with their demo account and upgrade to a live account。

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FXOpenis a Forex broker that has been providing quality services to clients since 2005, aiming to make Forex trading more professional, accessible and secure.。