ECN Trading Conditions Overview

FxPro - forex sponsor to Fulham FC

Electronic Communication Network (ECN) trading is a market network of liquidity providers, including banks, ECN brokers, corporations and traders. Through the FxPro cTrader ECN platform traders have one-click access to Level II pricing - best-ranked bid/ask prices with a breakdown of available volumes - to ensure the invaluable full view of market depth.

ECN Forex
No. of ECN Currency Pairs 40
Spreads From 0 Pips
Leverage - Margin Requirements From 1:1 to 1:100
Margin Required for Hedge Position No margin required for any hedged positions.
Minimum/Maximum Trade Size Minimum: 10,000 of base currency; Maximum: No limitation
Market Depth Level II market depth available
Commission $30 per $1million traded
Margin Calls 40% margin level
Auto-stop out 30% margin level
Stop Loss/Take Profit Levels No level limit
Negative Balance Protection Yes
Single Click Execution Yes
Hedging Allowed Yes
ECN Trading Platforms Available FxPro cTrader
Minimum Initial Deposit 1,000 USD or EUR, GBP, CHF, JPY equivalent
Payment Methods Bank Wire, Credit/Debit Cards, PayPal, Neteller, Moneybookers
ECN Operating Times Monday 00:00 GMT+2 to Friday 24:00 GMT+2
Dedicated Live Support Multilingual Customer Support available 24 hours, 5 days per week

Markets – all the major, minor and exotic currencies

FxPro cTrader allows traders to access and trade ECN currency pairs in the forex market 24 hours a day, 5 days a week.

No dealing desk function

The FxPro cTrader ECN trading platform does not require the operation of a dealing desk allowing fully automated order acceptance, routing, and execution and reporting.

No requotes – guaranteed execution

With the FxPro cTrader, ECN traders have guaranteed execution with no requotes as long as there is depth available in the market.

Level II market depth – know where the full book stands

A key feature of the FxPro cTrader is Level II market depth. This allows viewing ECN trading in real-time, both the best bid and best ask price, and the full depth on each side of the book enabling informed decision making on the size of the book.

No restrictions on limit orders – choose your entry/exit point

FxPro cTrader has no restriction on how far away from the current market price a trader can place a take profit or a stop loss level, allowing precise strategy implementation. Traders can place a take profit or stop loss order as close as possible to the current ECN market price.

Competitive Pricing – live streaming prices from multiple banks

FxPro cTrader brings together streaming prices from multiple global banks in order to provide you with the tightest spreads.

Single click execution – never miss a trade

The new ECN trading platform allows acute traders to execute orders with a single click. Once trade size is predefined, the trader can execute an order at the touch of a button, never missing a high activity time, such as breaking news.

Leverage – flexible leverage tailored to clients' needs

Flexible leverage from 1:1 to 1:100 allows traders to execute different strategies using several leverage limits tailored to each clients’ trading profile.

Risk control – negative balance protection

FxPro offers margin monitoring for traders in real-time and offers a negative balance protection so traders know that they may not lose more than their risk capital.

Advanced functionality – watch the market, trade from your desktop

FxPro brings enhanced functionality with chart detachment and placement of the desired currency pair chart on your desktop allowing single click execution.

Traders can view detailed historical charts in multiple time brackets on their platform and use any or multiple technical analysis tools and indicators prior, during and post ECN trading.

Order types – professional orders for professional traders

With FxPro cTrader ECN traders can place market orders that will be executed at the prevailing market price and the depth available. Traders can also place limit orders specifying entry and exit prices as well as take profit and stop loss levels.

Commissions – know your costs upfront

FxPro will not charge commission for trading on the FxPro cTrader.

SOR and VWAP

Smart Order Routing revolutionises liquidity aggregation. In instances of partial fill, FxPro cTrader will automatically aggregate all available liquidity at the best possible prices available and fill at VWAP (Volume-Weighted Average Price).

Swap/Rollover

If a trade is kept open overnight, then there is a swap/rollover cost/income calculated on that position. The cost or income is calculated as the overnight interest rate differential between the two currencies on which the position is held, depending on the type of the position (long/short).

Anonymity

All FxPro cTrader ECN clients trade anonymously at all times.

Reporting – real-time reports, enhanced decision making

FxPro cTrader offers real-time reporting on individual orders and tickets as well as margin position, realised and unrealised profit and loss in the trader’s base currency substantially enhancing decision making for future ECN trading.

ECN Trading Times

ECN Forex trading through FxPro cTrader is available 24 hours a day, 5 days a week allowing traders access during all market opening hours. Our multilingual Customer Support team is available during all these hours.

Find out more about ECN execution rules.