Broker Review

Finding a good broker with low commissions and the right conditions for trading is becoming increasingly difficult. Today we will focus on a trader-friendly broker from St. Vincent and the Grenadines – ECN.Broker.

History and principles

ECN.Broker was founded in 2015 in an island nation in the Caribbean – St. Vincent and the Grenadines. It is a former British colony, which is part of the British Commonwealth.

In its social networks, ECN.Broker is committed to the principles of financial freedom and supports these principles for all nations. The broker operates social networks in English as well as in other languages.

Accounts and commissions

ECN.Broker works with the terminal MetaTrader 4, it has all the necessary technical equipment for working with charts and trade automation – the same “Stop Loss” and “Take Profit”. Trading is possible from Monday midnight to Friday midnight Eastern European time (the servers of the broker are located in Europe).

The broker offers three account types with different conditions.

“ECN” is the classic variant with varying spreads – the difference between buy and sell orders – starting from 0 pips. This is the only account with a commission of $4 per lot.

“ECN FIX” is the account with a fixed spread of 3 pips. There are no commissions for trading on this account, trading in all financial instruments is possible.

“ECN MINI” is a variant with lower margin requirements. The spread is from 1.2 points. Only a limited number of instruments are available for trading on this account. There are also restrictions on the volume of trades.

The broker warns that the spread may widen during the release of important economic data or at night. This is due to the trading mechanism used by the broker.

ECN trading technology

One of the great advantages for the trader is the instant order execution technology. ECN stands for electronic communication network. This is an automatic selection of requests for the execution of transactions. The number of intermediaries in this trading system is minimal, as the second party for order execution can be chosen from anywhere in the world. It can be another trader or a liquidity provider – a large bank or a financial company.

Instruments for trading

ECN.Broker specializes in financial instruments that are well suited for trading. In general, the spread is sufficient to diversify the portfolio and hedge risks.

Forex

Customers of ECN.Broker can trade currency pairs at Forex around the clock – 52 pairs are available for trading. This is a great variety: usually, Forex trades are conducted with only eight main pairs.

CFD contracts

ECN.Broker offers CFDs on eight metals, 11 major market indices and three types of commodities.

In addition, it is possible to trade CFDs on stocks, as there are many of them and the companies are spread all over the world: You can trade securities from the USA, the UK, Germany, China and Japan. There are also shares of large Russian companies.

Cryptocurrencies

ECN.Broker supports cryptocurrency trading – there are 17 of them. If you are not specialized in rare altcoins, you can trade all your assets from one terminal.

Copytrading and RAMM strategies

ECN.Broker offers a trendy way to copy trades from professional traders. The author of each strategy sets the terms for his followers, including the percentage of compensation. All instruments traded by the authors are displayed publicly and every trade is visible to the followers. The minimum amount for followers is $100.

ECN Analytics and ECN Academy

The broker has its own financial analysts and sneakers. They write analytical posts on the broker’s social network and host training webinars on trading.

Support

The main support channel is email. The support responds quite quickly, but some processes, such as document verification, may take some time. Therefore, we advise you to complete the identity verification for the classic AML/KYC process immediately.

The bottom line

Overall, ECN.Broker offers everything you need for trading. Global assets, blockchain protection, a large number of different instruments, fast transactions, low commissions (zero on two out of three accounts), and 24/7 access to trading. Clients can participate in free webinars and read analytical reviews on the broker’s channels.