Marubozu is the name of a Japanese candlesticks formation used in technical analysis to indicate a stock has traded strongly in one direction throughout the session and closed at its high or low price of the day. A marubozu candle is represented only by a body; it has no wicks or shadows extending from the top or bottom of the candle. A white marubozu candle has a long white body and is formed when the open equals the low and the close equals the high.
The white marubozu candle indicates that buyers controlled the price of the stock from the opening bell to the close of the day, and is considered very bullish.
A black marubozu candle has a long black body and is formed when the open equals the high and the close equals the low. A black marubozu indicates that sellers controlled the price from the opening bell to the close of the day, and is considered very bearish.


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.


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.


All Trading Styles are allowed

scalping, news-trading, automated HFT, Expert Advisors – there are no limitations.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 4

without limitations

Spread floating, from 0 pips
Commission from $1.5 per Standard lot ($100,000),
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,
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)