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What's the differences between OQtima ECN+ and OQtima ONE Account Types
OQtima offers two distinct account types: the ECN+ for those preferring lower spreads with commission charges and the ONE for commission-free trading with slightly higher spreads, both providing access to a wide range of markets and trading instruments.
Differences: OQtima ECN+ vs OQtima ONE Account Types
OQtima, a renowned trading platform, offers two distinct account types to cater to various trading needs: the OQtima ECN+ and the OQtima ONE.
Each account type has unique features designed to suit different trading strategies and preferences.
OQtima ECN+ Account
The OQtima ECN+ account is tailored for traders looking for tight spreads and ECN (Electronic Communication Network) conditions.
Key features of this account include:
- Ultra-low Spreads: Starting from 0.0 pips, it’s ideal for high-frequency traders and those using scalping strategies.
- Commission Charges: A commission of $3.50 is charged per side traded, making it suitable for traders who prefer lower spreads over commission-free trading.
- Minimum Deposit: An accessible entry point with a minimum deposit of just $20.
- High Leverage: Offering a maximum leverage of 1:1000.
- Trading Features: Hedging, Expert Advisors (EAs), and scalpers are all welcome, providing flexibility in trading strategies.
- Base Currencies: A wide range of base currencies including USD, EUR, JPY, GBP, CAD, CHF, SGD, ZAR.
- Fees and Markets: No funding or withdrawal fees, access to 7 markets, and over 300 trading symbols.
OQtima ONE Account
In contrast, the OQtima ONE account is designed for traders who prefer a commission-free trading environment.
Its features include:
- Spreads: Spreads start from 1.0 pips, slightly higher than the ECN+ account but still competitive.
- No Commission: This account does not charge any commission on trades.
- Minimum Deposit and Leverage: Similar to the ECN+ account with a $20 minimum deposit and up to 1:1000 leverage.
- Trading Conditions: Like the ECN+ account, it allows hedging, supports EAs, and welcomes scalpers.
- Currency Options and Fees: Offers the same base currencies as the ECN+ account and also features no funding or withdrawal fees.
- Market Access: Traders have access to the same 7 markets and over 300 symbols.
OQtima ECN+ vs OQtima ONE Account Types
The primary differences between these two account types lie in their approach to spreads and commissions.
The ECN+ account is more suited for traders who prioritize lower spreads and don’t mind paying a commission, making it ideal for more experienced traders or those who trade large volumes.
On the other hand, the ONE account is perfect for traders who prefer a simple, commission-free trading structure, which might be more appealing to beginners or those trading smaller volumes.
Account Type | OQtima ECN+ Account | OQtima ONE Account |
---|---|---|
Spreads | from 0.0 pips | from 1.0 pips |
Commissions | $3.50 Per side traded | Free of commissions |
Min. deposit | $20 | $20 |
Max. leverage | 1:500 | 1:500 |
Hedging Allowed | Yes | Yes |
EA and Scalpers welcome | Yes | Yes |
Base Currencies | USD, EUR, JPY, GBP, CAD, CHF, SGD, AED, ZAR | USD, EUR, JPY, GBP, CAD, CHF, SGD, AED, ZAR |
Funding Fees | $0 | $0 |
Withdrawal Fees | $0 | $0 |
Markets | 7 | 7 |
Total Symbols | 300+ | 300+ |
Sign Up | Open OQtima ECN+ Account | Open OQtima ONE Account |
Conclusion
Whether you choose the OQtima ECN+ or the OQtima ONE account depends on your trading style and preferences.
Both accounts offer competitive conditions, including high leverage, a range of base currencies, and access to various markets.
With either account, traders can benefit from OQtima’s robust platform features, including deep liquidity, fast execution, and a wide range of trading instruments across Forex, indices, shares, metals, energies, cryptocurrencies, and ETFs.