Standard vs. ECN Quoting
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Standard
This type of quoting is based on a clearing system inside the company. The only positions held outside of the company are the company’s aggregate positions. This type of quoting uses Instant Execution, where orders are executed at streaming prices. The company’s compensation comes from the spread of client transactions made in our clearing system.
Features of Standard Quoting:
- Free of commission
- 1:500 maximum leverage
- No minimum deposit
- Possible requoting
- Limit on maximum volume of a single order and on the number of orders
Volume: 10 Lots
Volume: 10 Lots
Volume: 10 Lots
Volume: 20 Lots
Volume: 10 Lots
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ECN
This is a type of quoting where client requests are processed on an external market (on an ECN, or Electronic Communication Network). This type uses Market Execution, or the execution of orders at current market prices. Our server is connected to an ECN network via an MT4 Bridge, which automatically transmits client requests to the ECN provider. With this type of quoting, our compensation comes from both a percentage of the spread from client transactions and the difference in the commission between the client and the ECN provider.
Features of ECN Quoting:
- Market execution
- Higher liquidity
- No requoting
- Commission is included
Volume: 10 Lots
Volume: 10 Lots
Volume: 20 Lots
Volume: 20 Lots
