What is Electronic Communication Network Account Explained?

XAUUSD Live Account ECN

ECN Accounts

ECN Account is synonymous for Electronic Communication Network, these ECN Account brokers are connected to the interbank network directly through an electronic communication network & the orders from the ECN Account are placed straight to the electronic network - ECN Live Account.

The ECN Real Account will show different orders from different banks. The gold quote placed by these ECNs net-work of banks are direct from them to the interbank network and orders are executed directly to the inter bank markets once a trader trading with this ECN account places a trade order with their broker.

These ECNs account will charge commissions + spreads for every trade. For the ECN Account execution method every trade is matched to another in realtime over the inter-bank network - ECN Network.

ECN Account Opening

The various types of ECN accounts are: ECN Account Opening - ECN Account Sign up - ECN Account Opening. Traders can register any of ECN account type. XAUUSD ECN Real Account Open will include paying of commissions on top of spreads so traders looking for ECN account should look for accounts which include paying of commissions on top of spreads - ECN Commission.