CXS Market’s ECN, or electronic communication network, is a unique mechanism that links different participants operating within the Forex market: banks, centralized exchanges, other brokers, companies and private investors.
CXS’s ECN is based on the most innovative technology for Forex margin trading. As stated, participants of an ECN include banks, centralized exchanges, large companies offering their services in the OTC FOREX (Over the Counter) Market and private investors. CXS Markets gives its clients institutional liquidity and instantaneous error-free order execution.
Protection of confidential personal information of our clients and partners is our key priority.
ECN trading is recommended for experienced traders and those who prefer scalping as their major trading strategy. The ECN Model uses Market Execution, which means that your order will be filled in the interbank market but the execution price may differ from the price you requested upon placing the order.
Reasons To Choose Ecn Accounts:
- Best Prices, Spreads and Execution: CXS Market’s advanced price aggregating technology accumulates liquidity from the industry’s largest banks in order to provide the best prices, real market spreads from 0.6 pips. What does this mean? Seamless order execution(s).
- No Dealing Desk: the system matches your order against an opposite order from another participant operating within the ECN. The broker does not trade against you; there is no dealing desk and no conflict of interest between the trader and the broker.
- All Trading Styles are Allowed: scalping, news-trading, automated HFT, Expert Advisors – there are no limitations with CXS Market’s trading system.
- ECN is Affordable: $250 minimum deposit, 0.01 lot and commissions starting from 7 USD per standard lot.
CXS’s Ecn Trading Account
|Account Currency||USD, EUR|
|Minimum Deposit||$250 (Or Equivalent in Other Currency)|
|Maximum Balance||Without Limitations|
|Spread||Floating, From 0.6 Pips|
|Commission||From $7 Per Standard Lot ($100,000),
See Detailed Commission Rates.
|Minimum Transaction Size||0.01 Lot (Or 1000 Units of Base Currency)|
|Maximum Transaction Size||10 Lots|
|Leverage||Up to 1:200|
|Trading Time||00:05 Mon – 23:59 Fri (GMT+2)|
|Inactive Account Fees||Maintenance – $10 Per Month Reactivation – $50|
*All values for Gold-based accounts (including account balance, profit, etc) in MetaTrader 4 are indicated using GLD. 1 GLD = 0.001 troy ounce (equal to approx. 0.03 grams of gold).
**Trading commissions are a subject to review in case of high trading volumes. Right after you open a trade, you will see the round turn commission charged. ECN commission may vary if you open an account through an affiliate, IB or franchise. Please, contact your Account Executive for details.
***For overnight positions we charge an additional commission equal to the Swap rate of the particular currency pair.