IFC Markets launches new ECN accounts for better trading conditions
IFC Markets launches new ECN accounts for better trading conditions
IFC Markets, a leading provider in the online trading industry, has announced the launch of ECN (Electronic Communication Network) accounts, aimed at delivering more competitive and efficient trading conditions for its users. With a focus on low spreads, fast execution, and deep liquidity, these accounts are designed to cater to both retail and professional traders looking for optimal trading conditions.
Key Features of IFC Markets’ ECN Accounts:
Low Spreads: One of the standout features of IFC Markets' ECN accounts is the tight spreads, starting from 0.0 pips. This allows traders to benefit from some of the narrowest spreads available, enhancing cost-effectiveness, particularly for high-volume traders or those whose strategies depend on minimizing spread costs.
Minimum Order Size and Deposit: The minimum order size is set at 0.1 lot, providing flexibility for both small and large traders. To open an ECN account, a minimum deposit of $1,000 is required, which offers a competitive entry point for serious traders seeking enhanced trading conditions.
Competitive Commissions: In addition to the low spreads, IFC Markets offers a commission rate of just 0.005% of the transaction volume, making these accounts particularly appealing for high-frequency traders.
Tradable Instruments: ECN account holders have access to 22 currency pairs, including major, minor, and exotic pairs, as well as two precious metals, gold and silver, allowing for diversified trading opportunities.
Benefits of ECN Trading
The ECN model used by IFC Markets connects traders directly with top-tier liquidity providers, ensuring transparency and fast execution. By routing orders directly to the interbank market, IFC Markets minimizes delays and reduces slippage risks, especially during periods of high market volatility. This deep liquidity ensures tighter spreads and improved market pricing for traders.
Platform and Risk Management
These ECN accounts are available exclusively on the MT5 platform, which is known for its advanced charting tools and order management capabilities. The margin stop-out level is set at 10%, allowing traders to better manage their risks while maintaining trading flexibility.
Overall, IFC Markets’ ECN accounts are tailored for traders seeking a competitive edge in the market, offering a combination of tight spreads, fast execution, and a wide range of trading instruments.
Previously, IFC Markets had announced the suspension of CFD trading for Sony, as part of efforts to manage its trading platform and safeguard clients from potential market disruptions.
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