What is ECN Account Explanation?

Trading Account Types ECN

ECN Gold Trading Accounts

ECN Account is synonym for Electronic Communication Network, these ECN Gold Trading Account brokers are connected to the inter bank network directly through an electronic communication network & the orders from the ECN Gold Trading Account are placed straight to the electronic network.

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

These ECNs account will charge commissions + spreads for every trade. For these ECN Gold Trading Account execution technique every trade is matched to another in realtime over the inter bank network - ECN Network.

ECN Micro Trading Account

The different types of trading ECN accounts are: ECN Micro Account - ECN Mini Account - ECN Standard Trading Account. Traders can register any of ECN account type. Gold Trading ECN account types will include paying of commissions on top of spreads so traders looking for ECN account should look for accounts that include paying of commissions on top of spread - ECN Commission.