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What is ECN?

ECN (Electronic Communications Network) is a network which carries the Buy and Sell orders of financial instruments for retail clients, banks and brokers alike. One of main arguments for using ECN is that client orders are displayed directly to the market place without any interference from a broker.

How ECN (Electronic Communications Network) technology works

The Characteristics of ECN Forex.

Forex: ECN Technology and the Advantages Over Standard Order Fulfillment.

ECN Technology
Standard Fulfillment
Market execution
Yes
No
Absence of requotes
Yes
No
Absence of broker involvement
Yes
No
Liquidity
Multiple liquidity providers1
Only the broker provides liquidity

The Advantages of ECN Trading with Alpari

  1. 1 Market execution with no requotes.
  2. 2 Tight spreads.
  3. 3 No Limit / Stop Levels (a minimum distance imposed between an order and the current price) meaning that clients can trade within the spread.
  4. 4 No restriction on client trading strategies, which means that “scalping” is allowed.
  5. 5 Trade directly with liquidity providers.

Alpari’s ECN Accounts

Alpari clients can open the following ECN accounts for trading Forex:

  • ecn.mt4
  • pro.ecn.mt4
  • ecn.mt5

You can compare the different ECN Forex trading accounts on offer, in the section “Trading Terms”. In addition, Alpari also offers PAMM Accounts with ECN.

ECN accounts are managed on both MetaTrader4 (MT4) and MetaTrader 5 (MT5) platforms.

Please Note:

  1.  Orders are executed when prices are matched by various counterparties which the electronic trading system aggregates. The large number of market participants ensures that the most competitive prices are generated.

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