European-registered broker Forex.ee is proud to deliver authentic ECN Technology to those who want to feel the difference.
In recent years, the number of Forex brokers around the world has been increasing at a frenetic pace, which means wider service selection for a customer. Inevitably, there will be companies offering different trading conditions, but the main criteria when choosing a broker to trade with remain the same – quality of brokerage service and security of funds. The technology advancements constantly challenge the industry to find better business solutions, so it is utterly important to keep up with the pace and meet the rising expectations of clients.
Recent years brought significant changes to retail trading industry with ECN Technology introduction raising the service standards dramatically.
Today, the process of Forex broker selection can be divided into two steps – finding companies that are committed to use of ECN Technology and comparing their trading conditions so as to suit the needs of each individual client.
What is ECN anyway?
ECN (Electronic Communication Network) links together Forex market participants (e.g. banks, investment funds, retail traders, etc.) by means of aggregators, bridges, etc. Once an order is placed, the system searches for the best counterpart with the best available price to fill your order.This means you act as a liquidity maker and taker at the same time with no intermediaries or dealers involved in the execution process, which gives all market participants equal rights. This is why ECN Technology is much valued among professional traders.
How do I differentiate the authentic ECN?
In today’s Forex industry, there are plenty of companies speculating with the term ECN. Although, true ECN has some clearly defined distinctive features which makes it easy to differentiate the authentic market execution:
• Market execution by the best available price;
• Absence of re-quotes;
• Tight spreads from 0 pips;
• Ability to affect the spread;
• No trading restrictions whatsoever;
• Complete execution transparency.
OCTL2 (One Click Trading Level 2) plugin is an additional functional tool that can be used to observe the features of authentic ECN Technology.
How do I check if my broker is True ECN?
Since use of ECN implies market execution, you should be able to affect the current market price.
To check if your orders are processed to the market you need to do the following:
1. Open a new limit order within the spreadwith OCTL2 opened (your selected price should be in between Bid and Ask prices);
2. Observe the tick chart to see how your placed order immediately affects the spread;
3. Look for your order price to immediately appear in the liquidity pool of OCTL2.
Please note that if your limit order execution was subject to slippage you can only be given a better price than requested when using ECN.
Spread statistics can be seen on myfxbook.com website.
Forex.ee is an established European broker with over 10 years industry expertise providing only professional trading conditions and authentic ECN Technology. The company attracts clients with competitive tight spreads and lowered commission, while delivering individual approach service. The exchange-like trading conditions on our ECN accounts accurately reflect the needs and preferences of today's traders – high execution speed, low trading costs, confidence in safety of funds. Our extensive list of liquidity providers combined with refined technology guarantees precise execution of orders in any market conditions.In addition to client personal area convenience,each trader is allocated a Personal Support Manager to ensure the quality of service.
The company offers no-commission deposits from the 3rd of March till the 30th of April 2015.
Feel the difference - open ECN Advanced Account with Forex.ee and trade on terms of ECN Premium until 31st of May, 2015:
• Deposit 3000 USD or equivalent sum in another currency.
• Send us a statement of your trading account, registered with another broker, to
info@forex.ee.
• Trade with a reduced commission of 1.8 units of base currency per lot until the end of spring.
Make the right choice, trade with the reliable broker.
Looking forward to future co-operation,
Your premier ECN provider -
Forex.ee.