What is ECN Trading Account Explanation?

Trading Account Opening ECN

ECN Accounts

ECN Trading Account stands for Electronic Communication Net-work, these ECN Trading Account brokers are connected to the interbank network directly through an electronic communication network and orders from the ECN Account are placed straight to the electronic net-work.

The ECN Trading Account will display different orders from different banks. The indices quote placed by these ECNs network of banks are direct from them to the inter bank net-work and orders are executed direct to the interbank market once a trader trading with this ECN account places an order with their stock broker.

These ECNs account will charge commissions + spread for every trade. For these ECN Trading Account execution technique every trade is matched to another in realtime over the inter-bank network - ECN Network.

ECN Mini Account

The different types of trading ECN stock trading accounts are: ECN Micro Account Trading - ECN Mini Account - ECN Standard Account. Traders can open any of the ECN stock account type. Indices Trading ECN stock account types will include paying of commissions on top of spread therefore traders looking for ECN account should look for accounts that include paying of commissions on tops of spread - ECN Commission.