Thread: How Does True ECN Trading by OctaFX Broker Makes A Difference?

OctaFX is a world renowned forex broker that offers its services to over 100 countries around the globe. It is a reputed broker that has even made its way to London in 2015. There are many exciting features that traders can discover here and that is what makes it a phenomenal broker of the forex industry. Though the talk about OctaFX has always been on its popular Micro Trading Accounts, but True ECN/STP are yet another aspect that one should never forget.

Why Trade ECN/STP with OctaFX Forex Broker?

ECN/STP is a simple form of trading where the entry trades placed are sent directly to one of multiple liquidity providers, so that it can be executed on their end. The common examples of liquidity providers include financial institutes, banks, aggregators or companies. Thing here is that the more liquidity providers the broker is going to offer the better it is going to be for the trader. This is because with more liquidity there will be less or no spillage.

True ECN/STP (Straight Through Processing) is a unique approach adapted by OctaFX. As with this the broker never internalizes any entry placed by the trader rather sends them directly to the liquidity providers, and this is what ensures immediate action on every trade that they place. The broker on the other hand works like an intermediary with the real market and the trader.

Tools by OctaFX for ECN/STP Trading

When a trader decides to have an ECN/STP account by OctaFX then they are gifted with tools at a galore. Starting from its leverage to marginal call level, every move that you make takes you one step forward from becoming an ECN trading expert.

Great news is that it supports both expert advices and scalping for the trading allowing traders to give their best call. It does not end here, as there are 5 digit Quotes offered to the trader along with an option to trade from 48 currency pairs, Gold and Silver too.

At present, this trading account is available at both the trading platforms which are MetaTrader4 and cTrader. In addition to that traders even have the option to choose the type of trading platform they need which are basically categorized as iOS based and Android based.

Client’s Fund Security- is it Safe?

Absolutely yes! Trading with OctaFX has always been and will always be safe as guaranteed by the developers of this company. Every move that you make with this broker is secured through

· Secure Transactions
· Account Verification
· SSL- protected Personal Area and
· Segregated Accounts

Despite of having a 100% protected environment there are certain things that may not work as the traders have planned, and this where the competent customer services of the broker comes for the rescue.

It offers 24 hours customer support from Monday to Friday, where customers can contact the team via live chat, email, and phone call too. Reply to any query is always provided in less than one minute with multilingual support.

ECN brokers provide Forex traders with a direct access to the other Forex market participants — retail and institutional. This results in some advantages — no anti-scalping, no «stop-loss hunting», very low spreads; and disadvantages — ECN brokers charge commissions for Forex trading. and, I prefer to with the Best ECN Forex broker CMTrading :) They provides plenty of useful tools that make trading Easy for me https://www.cmtrading.com/