There are two types of account available to traders: standard accounts and ECNs. Standard accounts have a fixed spread and the broker acts as the counterparty of your position. A standard account has a higher spread than an ECN and is more beneficial for long-term position holders. It also allows you to keep track of the latest news. Both types have their advantages and disadvantages. Choosing an account based on which one will work best for you will depend on your needs and goals.
AximTrade offers a range of options for trading. Customers can open an account with a minimum deposit of USD $200 and can choose between ECN or STP trading. AximTrade accepts Visa Electron, Mastercard, bank wire, Skrill, Neteller, Perfect Money, BitWallet, GlobePay, and WebMoney as forms of payment. Traders can choose the account type that suits their trading style and needs.
A standard trading account may be better suited for novice traders, while an ECN account is better suited for more experienced traders. While STP are similar in many ways, some traders prefer them for their own trading needs. ECN accounts are more expensive than standard accounts, but the advantages of these accounts far outweigh the disadvantages. While STP accounts are more popular among retail traders, ECN accounts are also a good option for institutional investors. They can provide tighter spreads and low transaction costs.
One major difference between ECN and STP accounts is the commission. Traders can choose which one is best for them by comparing the cost of each. ECN accounts are better for traders who are able to earn larger profits, but STP accounts tend to offer smaller lots. This means that traders may not be able to make as much profit. ECN and STP brokers do not allow the trader to trade large positions. In addition, they tend to charge a higher commission on their transactions.
An ECN account is the most efficient way to trade forex. ECN brokers utilize an electronic communication network to connect traders to liquidity providers. Unlike traditional brokers, they do not take the other side of your trading positions. ECN accounts are the most affordable form of FX trading and can be opened with as little as $1000. ECN accounts also offer the best execution time and low spreads. These accounts connect traders directly to liquidity providers and other market players.
An ECN account is a pure order-matching execution system, whereas a traditional STP brokerage may offer similar ease of execution and cost without a dealing desk. ECN trading differs from STP trading largely in terms of the liquidity of the markets they trade. An ECN broker will usually charge a premium per trade, which is a one-time fee. These fees can make ECN trading a good option for people who are looking to reduce their costs while still maintaining a high level of service.