Question: What is Tradeview cTrader's ECN trading condition? What's the merit?
“ECN” stands for Electronics Communication Network, and it simply means that your orders are sent to the Forex market without any intervention by the broker, but all your order will be executed with another trader’s order or by liquidity providers such as mega-banks.
By trading with an ECN broker, traders will have following advantages.
- No price manipulation and no order interference guaranteed
- No restrictions on trading methods, thus no profit-cancellation or withdrawal delays/rejections
- It is the most fair-est possible trading environment in Forex markets
Considering that the larger part of the Forex brokers in the world adopt to be a Market Maker(or at least a part of its business), with Tradeview, you may face lesser numbers of troubles than many others.
There is only a handful Forex brokers with actual ECN/STP trading environment.
Trading Conditions of Tradeview
With Tradeview, you can trade FX pairs, Index CFDs, Metals and Commodities(Oil & Energies) all together through MT4, cTrader and Currenex trading platforms.
There are three different account types and some of them are provided with ECN environment.
The spread is from 0.8 pips(including all trading commissions), which is tighter than most of the ECN brokers.
This tight spread with ECN trading environment would be the biggest advantage of trading with Tradeview.
Tradeview only requires 500 USD to start trading, and the leverage is up to 1:500.
The broker also offers several promotions.