ECN

Penuel Management, ECN is a unique electronic communication network that links different participants of the Forex market: banks, centralized exchanges, other brokers and companies and private investors.

 

Best prices, spreads and Execution

Penuel’s advanced price aggregating technology accumulates liquidity from the industry’s largest banks to provide the best prices, real market spreads from 0 pips and seamless order execution.

Q

No Dealing Desk

The system matches your order against an opposite order from another participant of the ECN. The broker does not trade against you. There is no dealing desk and no conflict of interest between the trader and the broker.

R

All Trading Styles are allowed

scalping, news-trading, automated HFT, Expert Advisors – there are no limitations.r.

R

ECN is affordable

$100 minimum deposit, 0.01 lot and commissions starting from 1.5 USD per standard lot.

 

ECN trading account

Account currency

USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, Gold, mBTC

Minimum deposit

$100 (or equivalent in other currency);

Maximum balance

without limitations

Spread

floating, from 0 pips

Commission

from $1.5 per Standard lot ($100,000),
see detailed commission rates

Quotes format

0.12345

Execution

market

Minimum transaction size

0.01 lot (or 1000 units of base currency)

Maximum transaction size

without limitations

Minimal increment

0.01 lots

Leverage

up to 1:500;

Margin call

100%

Stop Out

50%

Demo accounts

Yes

Tradable instruments

70+ including currency pairs, gold, silver,
CFDs, oil, natural gas;

Bonuses

Yes, discounted commission depending on the trading volume

Expert Advisors

Yes

Scalping

Yes

Hedging

Yes

News trading

Yes

Phone dealing

Yes

Market depth with level 2 quotes

Yes

Trading time

00:00 Mon – 23:59 Fri (GMT+2)