When trading with an ECN broker, you may be drawn to the standard account type because it has zero commission and institutional grade STP spreads. People do not pay attention to the cost of execution, which is a killer over the long term if you are not careful. Some traders also argue that ‘raw spread’ accounts often offer better value for money, stating the total costs of the Spread and Commission are often lower than a marked-up spread. What is best? ECN brokers have big expenses. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Each one offers the investor different opportunities, and allows you to trade in different ways. color: #202020; color: #c0c0c0; Which means savings when it comes to your costs. That will help traders to execute a transaction that reflects the real market Trading Forex and CFDs with leverage poses significant risk of loss to your capital. For example, if you have the Nonfarm Payroll Numbers coming out, a lot of traders will choose not to be in the marketplace. Christopher Lewis has been trading Forex for several years. 1 NGN accounts are only available to clients in Nigeria. In our examples above we have shown that ECN pricing accounts will be cheaper. background: #ffffff; For example, if you want to start investing in forex trade with a restricted budget, it is better to choose STP. In this article, we will discuss two popular brokers, ECN and STP. html { IC Markets is the lowest fee forex broker offering a Standard and Raw Spread account. How do I remove a trading account from my Client Area? IC Markets RAW spread accounts vs Standard account conclusion. 0.10 mini lots (10,000 units) then USD $0.35 one way and $0.70 round trip.

Please make sure your comments are appropriate and that they do not promote services or products, political parties, The standard account adds a flat 1 pip to your spread compared to the ECN pricing account.

An MT4 ECN account is an ECN account offered by a broker which can be traded using the MetaTrader 4 trading platform. .left259 { Each month we update average spreads data published by the brokers the retail brokers lose %, We double-check broker fee details each month which is made possible through partner paid advertising. Discover the account that most suits your trading personality. This is why we’ve developed the Vantage FX RAW ECN account. /*Only for temporary, FIX*/ } JPY, EUR, NZD, SGD, GBP and even the Canada CAD, 19 Commodities spot and futures CFDs (including soft and precious metals), 17 Indices CFDs with leverage of 200:1 and no commission, 10 Cryptocurrencies CFDs with leverage of 5:1 with no commission. IC Markets’ Raw Spread Account shows the raw interbank spread received from our liquidity providers. £ GBP € EUR You find this account offers some of the tightest spreads in the online forex industry. STP brokers are generally considered transparent. margin: 15px 0 15px 0; box-sizing: content-box; Unlike Raw Spread accounts, the Standard account has no commissions. } Commission for IC Markets RAW account with MetaTrader trading platform depends on the number of lots you trade while the cTrader platform depends on the spot rate of the currency pairing when you go short or long. Copyright 2020 and all rights reserved.

font-size: 22px; } Thus we can conclude you will save $3 with RAW account when trading with standard lots. line-height: 26px !important;
font-family: 'Noto Sans', sans-serif; or personal attacks of any kind will be deleted. 4 Exotic pairs are not available for swap-free accounts. cTrader trading platform offers a different trading experience to MetaTrader so you would choose this platform if you prefer this platform over MetaTrader. Vantage Global Prime Pty Ltd trading under Vantage FX, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. .button259 span { max-width: 2000px; You can contact IC Markets via live chat through their website, via phone or email. The Standard account has higher spreads but no commissions while the Raw Spread account has the tightest ECN spreads and a low commission of $3.50 per $100k traded. The main reason why using an ECN can help you is that it offers liquidity through a network. With over 300+ instruments such as FX pairs, Indices, Commodities and Share CFDs, trade your way with Vantage FX. Thx. Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. } $ HKD, RAW ECN is designed for the experienced trader who requires deep liquidity and razor sharp spreads, MT4 / MT5 for Mac 0.01 micro-lots (1000 units) then you will be charged USD $0.035 one way and $0.07 round trip. will come immediately, • You need to pay high fixed commission for each and } IC Markets pass these prices to you without any requotes or dealing desk intervention. Whether you’re new to the forex market, or have built up a wealth of trading experience, our account selection provides you with the opportunity to explore the forex market in the most suitable way. }

font-weight: bold; font-size: 20px; As a rule of thumb, the more you trade, the more your expenses will be, thus day traders and those using EAs (Expert Advisors) in particular will benefit from the Raw Spread account. +44 2080 363 883. Before choosing any of them, it is important to understand your budget and objective. display: flex;

Alpari International offers an array of live trading accounts to choose from. Welcome to Alpari International Live Support. Pips costs are the following: In our example, we are using AUS USD where AUS is the quoted rate and USD is the base. Copyright © 2020 Vantage FX. HE 335426 with registered address at Tassou Papadopoulou 6, Flat/Office 22, Ag. XM offers 3 account types which are Micro, Standard and XM Zero account. } Best for: Only for those of Muslim faith (proof will be required). Regional Restrictions:We do not offer our services to residents of certain jurisdictions such as North Korea, Canada, United States and some other regions. This means they use an Electronic Communication Network pricing model (known as ECN for short) to access their deep pool of external liquidity providers when sourcing prices. stop-loss levels. They pass your orders directly to a counterparty that might be STP broker, market broker, or even an ECN broker. Based on this, the ECN pricing is cheaper compared to the standard account leading the Raw Spread account to have lower brokerage. MetaTrader 5, 44 Currency pairs } In liquid markets, bigger traders can usually get a cheaper cost of trade with an ECN broker than with a market-making broker. *For Spot Indices and Spot Commodities on ECN MT4 Account: the maximum volume of all orders for Spot Indices is 15 lots and 50 lots for Spot Commodities. Registered address: 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. Can I transfer my funds between accounts. .left259 { flex-basis: 70%; order: 0;

condition. } Also, even the best ECN brokers are unable to provide micro-lots to their customers.

float: left; top: -10px; .left259 { Vantage FX is a leading regulated Forex broker offering traders around the world access to global markets. This is different from a market maker which is a ‘B’ book broker, these type of forex brokers will trade against you as they are your counterparty for each trade.

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