MT4.ECN.
ECN trading with direct access to interbank liquidity on the MetaTrader 4 platform. Spreads are variable and start at 0 pips. A commission is charged.
The minimum deal size is 0.01 lot (1,000 units) and the minimum deposit is 10 USD.
The Trader’s Way MT4.ECN. account gives you access to interbank liquidity through the MetaTrader 4 trading platform.
ECN stands for Electronic Communication Network: prices come from the liquidity providers the company works with, and orders are filled by Market execution.
The MT4.ECN. account has a minimum initial deposit of 10 USD and a commission from 30 USD per 1,000,000 USD of turnover. Spreads are variable and under some market conditions can be as low as 0 pips. You can trade from 0.01 lot (1,000 units of base currency) with leverage of up to 1:1000, subject to the balance tiers in the table below.
You can also trade from a mobile device using the MT4 mobile applications: the interface, charts, news and updates are the same wherever you trade.
MT4.ECN. account trading conditions are the following:
| Low floating Spreads | from 0 pips | ||||||||||||||
| Deposit Currency | USD, EUR, CAD, GBP | ||||||||||||||
| Minimum Initial Deposit | 10 USD | ||||||||||||||
| Minimum Volume of a transaction | 0.01 of a lot (1,000 units of base currency) | ||||||||||||||
| Lot Size | 100,000 units of base currency | ||||||||||||||
| Step | 0.01 of a lot | ||||||||||||||
| Maximum Leverage ratio | |||||||||||||||
| for currencies |
Maximum leverage for non-currency instruments is: for metals – 1/2 of your account leverage, energies – 1/8, cryptocurrencies – 1/50 |
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| Commission | |||||||||||||||
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| Execution type | Market | ||||||||||||||
| Carrying positions overnight | SWAP | ||||||||||||||
| NOSWAP (swap-free) accounts | Not Available | ||||||||||||||
| Stop Out Level | 40 % | ||||||||||||||
| Access to your account from mobile devices | Yes, free of charge | ||||||||||||||
| Demo version | Yes * | ||||||||||||||
For detailed information about each trading instrument (inc. Spread, Swap, Min.Trade.Size, Contract Size and Step Size) follow the links below:
Important: Leverage is limited to a maximum of 1:200 just prior to high impact news releases for new positions. Leverage will also be limited to 1:200 during periods of extreme market volatility. Already-opened positions are not affected — only new Buy and Sell orders sent for execution just prior and during to news releases and these extremely volatile conditions.
This also includes Buy Limit, Buy Stop, Sell Limit and Sell Stop pending orders that are triggered during a news release. These pending orders will only result in the opening of a new position if margin requirements under the reduced leverage are met, otherwise they will be cancelled by the system due to a lack of sufficient margin for execution. Note that any deposit bonuses are excluded from this margin calculation. This is to protect clients and help prevent accounts from attaining negative balances and large losses during moments of high volatility.
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* Demo accounts expire in 30 days after the last login.
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