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What is ECN Account Explanation?

Trading Account Types ECN

ECN Gold Trading Accounts

ECN Account is an abbreviation for Electronic Communication Network, these ECN Gold Trading Account brokers are directly linked to the interbank network via an electronic communication network & the requests from the ECN Gold Trading Account are submitted straight to the electronic network.

The ECN Account will show different orders from different banks. The gold quote placed by these ECNs network of banks are direct from them to the interbank network & orders are executed direct to the interbank markets once a trader trading with this ECN account opens a order with their broker.

ECN trading accounts add commissions and spreads to each trade. In ECN XAUUSD accounts, trades match others in real time over the inter-bank network.

ECN Micro Trading Account

Available ECN account tiers include: ECN Micro Account, ECN Mini Account, and ECN Standard Trading Account. Market participants are free to establish accounts under any of these ECN structures. Trading on XAUUSD using an ECN account involves commission charges added to the prevailing spread: therefore, those opting for an ECN structure should specifically seek accounts designated as ECN Commission accounts, which incorporate these fee structures atop the spread.

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