- 1:30 leverage
- 90+ trading instruments
- 0.2 narrow spreads
- ECN trading account
- CySEC european license
What is an ECN account?
ECN (English Electronic Communication Network) is an electronic communications network that automates the transfer of data between the trader and liquidity providers (large banks and financial institutions). For trading at financial markets, traders prefer to use ECN-accounts.
How does it work? The trader execute transaction on a trading instrument, after it goes to the broker. Further, the broker transfers transaction to the ECN-network, where the order is executed according to the certain parameters.
Advantages of ECN
Ultra-fast execution of transactions
99.9% are executed within 5ms
No conflict of interest
the broker transmits transactions to the ECN network and has no influence on it
High reliability of ECN-network
it includes a lot of banks and large financial corporations
How to make ensure of broker’s reliability?
If you want to make sure that all your orders would be sent directly to liquidity providers, you should know the following information about brokers. You should check broker’s license and list of broker’s services on the web site of regulatory body using license number. The “Dealing on own account” service should NOT be in the list of broker’s services if broker is licensed by Cyprus regulatory body CySEC or UK FCA. The “Dealing on own account” service in the list means that broker can trade against you and you are dealing with marketmaker. Most probably all your orders will be processed within the broker’s company and won’t be sent to liquidity providers.
Reasons to open an ECN account in ARUM Capital
The broker has a European license under the CySEC regulation, which obliges to transmit all transactions to liquidity providers.
Excellent trading conditions: narrow spreads from 0.2 points and low trade commissions.
You have the right for guaranteed payment of up to 20,000 euros in case the broker cannot fulfill his obligations to you.
More than 90 trading instruments are available for trading: Currency pairs, Crypto-currencies, Indices, Metals and Energy CFD’s.