ECN Accounts

Distinguishing between Live ECN, Demo ECN and eWallet is the basic requirement for any trader in Forex irrespective of their level of training and experience. Perversely, the variety of Forex accounts may confuse even the most sophisticated professional. This may occur because different brokers provide different trading conditions and consequently, different types of accounts.

There are three basic account types in the ECN environment:

- eWallet

- Live ECN/STP trading account

- Demo ECN/STP trading account


These accounts are used for different purposes and must be clearly understood. The information below provides the description of these three categories, as well as a brief overview of their practical application in ECN/STP trading.