| Ecn Account | |
|---|---|
| Minimum Deposit | |
| Minimum Deposit | 10,000 USD |
| Minimum Balance | |
| Minimum Balance | 5,000 USD |
| Base Currencies | |
| Available Base Currencies | USD, EUR, GBP, AUD |
| Spreads From | |
| Spreads From | 0.1 pips |
| Max Leverage | |
| Max Leverage | 1:500 |
| Min Lots | |
| Min Lots | 0.01 |
| Commissions | |
| Commissions | Zero Commission |
| All Strategies Allowed | |
| All Strategies Allowed | ✔ |
How does ECN Account differ from other types?
ECN stands for Electronic Communication Network, and this model provides direct access to the Interbank forex market for pricing and execution that consists of an ECN trading platform or API. Garnet FX provides a marketplace where these clients can trade against each other, sending bids and offers into the system. Interaction takes place inside the system, and traders can get the best offer at that particular time.
ECN account trades are completely anonymous, where traders can deal with neutral prices that reflect real market conditions only. Trading takes place instantly, via live streaming, the best final costs, and immediate confirmations. As soon as a trade is dealt with, it is final and confirmed. There is no dealing desk to get in the way and no re-quotes.
Executable Streaming Prices
Available quotes for FX Spot and Precious Metals Spot via our ETP execution functionality.
Liquidity Customization
We offer co-mingled anonymous and disclosed last look execution in a single or multiple order books
Different Order Types and Algos
Execute in a way that best suits your trading requirements and platform capabilities using one or multiple trading interfaces.
Proprietary Matching Logic
Optimize your order book liquidity using proprietary, performance-based matching logic to prioritize high performing liquidity providers.