What does E.C.N mean in Forex Trading?
What does E.C.N mean?
E.C.N.
is an acronym for Electronic Communication Network.
A
trader should pay attention while selecting a trading account as an E.C.N.
Account offers a direct market access. The broker only functions as a ‘stand-in’
party for the sake of credit facilitation.
Advantages of an E.C.N. Account
- Tight spreads
- Better liquidity and direct market access, and trading
- Lower ask prices and high bid prices
- Your broker cannot trade against you.
- Fast trade execution
Disadvantages of E.C.N. Accounts
- Variable Spreads.
Analytic Dave
AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.
