Forex ECN Account, MT4/MT5
The most seamless access to the world’s markets.
The future of forex trading has arrived
With Alpari International’s ECN Account, you will experience a more flexible, more transparent and more efficient trading experience than ever before. This is next level stuff, an account that offers you the best ask and bid prices from liquidity providers.
The Electronic Communication Network (ECN) is an automated system providing a direct connection with banks, brokerages and other liquidity providers for buyers and sellers to execute trades. Regarded as a major development in forex, ECN gives the trader direct access to liquidity providers and is designed to match buy and sell orders.
The multiple benefits it brings has made ECN one of the most popular forms of trading around the world.
Why should I trade with an ECN Account?
With so many benefits to ECN trading, its popularity is not surprising. When you trade with an ECN Account, you experience:
- Total transparency, as your order goes straight to other market participants
- Rock bottom – and even zero – spreads during high market volatility
- No re-quotes, thanks to No Deal Desk technology
- The best possible bid and ask prices from a range of market participants
- Flexibility and trade continuity outside normal market hours and other breaks
- Enhanced execution through direct trading
Account Specifications
| Parameter | Value |
|---|---|
| Account Currency | USD / EUR / GBP / NGN |
| Leverage / Margin req. | Floating from 1:1000 |
| Maximum deposit | X |
| Minimum deposit | $/€/£ 500, ₦20 000 |
| Commission | 1.5$/lot per side |
| Order execution | Market Execution |
| Spread | From 0.4 |
| Margin Call | 100% |
| Stop Out | 80% |
| Swap-Free | MT4: V MT5: X |
| Limit & Stop Levels | N/A |
| Pricing | MT4: 5 decimals for FX (3 on JPY pairs), 2 decimals for Spot Metals MT5: 5 decimals for FX (3 on JPY pairs), 3 decimals for Spot Metals |
| Trading Instruments | MT4: Majors, Minors, Exotics, RUB - 56 Spot Metals - 3 Spot CFDs - 25 MT5: Majors, Minors, Exotics, RUB - 57 Spot Metals - 2 Spot CFDs - 14 |
| Instrument Naming | EURUSD |
| Minimum Volume per Trade | 0.01 |
| Step Lot | 0.01 |
| Maximum Volume per Trade | 50 |
| Maximum Number of Orders | unlimited |
| Maximum Volume of Orders | unlimited |
| Maximum Number of Pending Orders | 300 |
Notes:
1 NGN accounts are only available to clients in Nigeria.
2 Please bear in mind that the Company may at its sole discretion change, within the hour before the close of the trading session on every Friday, the Stop Out and Margin Call levels from 80% to 100% and from 100% to 130% respectively, for all ECN MT4/MT5 accounts. Moreover, kindly note that the Company may extend these amendments for as long as it deems necessary after the market opening, by providing the Client with prior written notice.
3 Spreads are floating and they may increase during specific periods of the day depending on the market conditions.
4 Exotic pairs are not available for swap-free accounts.
5 Alpari applies dividend adjustments on Spot Indices when positions remain open on the ex-dividend date. If a client is holding buy positions his/her account will be credited with the fixed dividend amount. If a client is holding sell positions then the dividend amount will be debited from his/her account.
6 For Spot Indices and Spot Commodities on ECN MT4 Account the Maximum volume per trade is 5 lots.
7 For Spot Indices and Spot Commodities on ECN MT4 Account: the maximum volume of all orders for Spot Indices is 15 lots and 50 lots for Spot Commodities.
8 Commission on ECN MT4/MT5 is fixed per lot and is taken only when a position is opened accounting for both the opening and the closing of the order. Commission depends on the Account's currency - Forex/Metals: 3 USD/lot, 2.6 EUR/lot, 2.35 GBP/lot or 1,095NGN/lot, Indices: 7 USD/lot, 6 EUR/lot, 5.5 GBP/lot or 2,555 NGN/lot, Commodities: 4 USD/lot, 3.5 EUR/lot, 3.15 GBP/lot or 1,460 NGN/lot, Cryptocurrencies: 15 USD/lot, 12.5 EUR/lot, 11.5 GBP/lot or 5,400 NGN/lot.
9 Please note that margin requirements may vary between symbols and servers. For further information please refer to the Leverage and Margin Requirements section.
10 Please note that for clients who reside in Iran, there is a minimum deposit requirement of $/€/£50 for Standard accounts, $/€/£250 for ECN accounts.