Question: What is the MT4 ECN Account? What are the merits of this account type?
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The ECN Zero account gives you a chance to feel the dynamic trading.
Those market participants who prefer intraday, frequent inputs and outputs in combination with work on short timeframes often choose precisely this account type.
It is considered to be the best one for scalpers.
There is a commission for transactions, but the spread is floating from 0 pips, which is significantly lower in comparison with other accounts.
When trading on this account, you get the whole variety of the available financial instruments.
ECN is an electronic communication system in which traders’ transactions are taken directly to the interbank market or overlapped by other participants of the system.
The advantage of ECN over traditional systems is precisely the absence of intermediaries.
This provides a ECN-trader with perfect execution of orders, a significant difference in spread and high liquidity.
