FBS ECN Trading Account – First of all, this type of trading account is ideal if you have enough trading experience and like the fastest and most transparent trading conditions. ECN is the most advanced type of trading account that lower your execution time so that you can feel the real market.
FBS ECN Trading Account is mainly for those who prefer the fastest trading speed within a transparent network. As the name “ECN” this type of trading account offers the lowest possible spread for trading. In today’s article we will briefly discuss this account, its advantages, disadvantages, and everything that can help you to decide whether it will be good for you or not!
Account Registration
As you are reading this article so, we guess you have already registered yourself with the FBS Broker. If you do not complete the registration yet then please follow the below-mentioned steps to complete your registration first.
The account registration process of this broker is pretty straightforward. From the very beginning, you need to use your valid email address and name to make the registration. First of all, you need to visit the broker’s official Website – www.fbs.com
In the upper right corner, you will get a button called “Open Account”. Please click that button and a short form will appear. Please use your official mail address and name and click the “Register As Trader” button. You can also watch the below-mentioned tutorial about the account registration process. Just click the play button.
you can also review our FBS Registration Guide from this mentioned link ->
ECN Trading Account
If you have already registered then please go to your client cabinet by just logging in to your account dashboard. Once you logged in, you will see a button called “Open New Account” please click here and you will be redirected to a new page.
In this section, a list will appear where you can see all the available trading accounts that the broker offers to its clients. Please check the bottom left corner you will see an “Open Account” button in the “ECN” section.
Click the button and then a new page will appear where you need to choose your preferred trading terminal, leverage, and your account currency.
Please select your desired values here and click on the “Open Account” button. Isn’t it easy? You have successfully registered an FBS ECN Trading Account and you will be notified via an email containing all of your credentials and server information. Please have a look in your registered mailbox.
What is ECN?
An ECN (electronic communication network) is a technology-based venue incorporating numerous liquidity providers (LPs), both bank and non-bank, who continuously stream their pricing to the ECN.
The ECN will, in turn, aggregate the pricing.
When viewing the entire depth of the aggregated price feed of an ECN, you will notice that it has many levels of liquidity.
Liquidity Providers prefer to stream smaller ticket size pricing to the ECNs due to the fact that this allows them to provide tighter spreads knowing that they aren’t at risk of getting hit with large tickets on those spreads.
The LPs are also aware that, by pricing competitively, they have a chance of being “Top of Book” (ToB) and can win business from competitors in the space.
The end result is a very tight ToB.
How ECN Works?
You may hear the name “Liquidity Providers”. Liquidity Providers are mainly the source where the retail forex broker gets the spot exchange price of different trading assets. None of any retail forex brokers has access to the direct spot market execution on their own so, they need to tie up with one or multiple liquidity providers in order to participate in the spot exchange market.
ECN is the technology or network where your broker executes your trading orders directly to the liquidity providers (LP). That means, there is no barrier between you and the LP.
When you place an order from your trading terminal, that request goes to the broker’s trading server and is then forwarded to the real market (LP). This transition requires a little time to execute. As a result, in the volatile market, you may see some requote issues while placing your trading order.
On the other hand, if your broker allows the use of ECN Network then all of your trading order goes to the liquidity provider’s end directly. As a result, the execution will be faster and smooth with “0” requotes.
Account Features
Here the word “ECN” is related to the technology that the broker executes your trading order. In the ECN Network, brokers bypass all of your orders directly to the liquidity providers so there will be no delays in the execution time. No matter how the market move (lightning speed), your order will be executed instantly.
At first glance, you may think such facilities are not enough the choose an ECN Trading Account. Well, it is true but if you want to feel the heat of a real spot exchange then ECN is the only way.
As the broker does not hold to stand between you and the liquidity provider so, you will get the raw spread which is relatively lower (close to 0 in most cases) which makes your trading profitable with a faster speed.
Professionals and Scapers have mainly used this type of trading account cause they like a speedy trading environment with lightening fast executions.
ECN (Electronic Communication Network) account is a choice of professional traders who want the best possible trading conditions. The ECN account allows buyers and sellers to trade directly without any middlemen.
To open the ECN account, you need to make an initial deposit of $1000. Not cheap but worth it! The main benefits of the ECN account are the fastest market execution, low spreads (from -1 pip), best quotes with no delay, and a large number of liquidity providers. Say ‘goodbye’ to all the trading limits and have an endless number of open positions and pending orders.
The spread on the ECN account is ultra-competitive, hence FBS requires a commission of $6. The ECN account offers 25 currency pairs for trading. At FBS, the ECN account is available on MetaTrader 4. If you want to test the account first, feel free to try a demo version!
Try it yourself and discover a new level of trading with FBS! Open the ECN account and start your way to success!
To open the FBS ECN Trading Account, you need to make an initial deposit of $1000 only – less than you pay for your newest iPhone 14 Pro series!😎 Here we have highlighted some key features of the ECN Trading Account.
| Features | FBS ECN Trading Account |
|---|---|
| Minimum deposit | $1000 |
| Leverage up to | 1:500 |
| Spread from | Floating Spread “-1” Pip |
| Commission | $6/lot |
| Maximum Order Counts | No Limits |
| Execution Time | ECN Technology |
| Registration Link | Account Registration |
Pros & Cons
So let’s start with the pros first.
- The required amount is as low as $1000 to start. It is often suitable and affordable for most traders specially for experienced and professional ones.
- This account is specially designed for professionals who like to trade frequently with a larger volume. As the spread starts from “-1” so, you will get a quick profit from your entry.
- No middleman! All of your orders will execute directly to the liquidity provider’s end. So, the broker is unable to make any changes in the entry price or spread.
- Lightning-fast execution means no Requotes at all! No matter how the market moves, your order will be executed instantly.
- No Limits will be applicable. Feel free to trade as per your choice and decisions.
Now it’s time to be clear about some cons of the FBS Zero Spread Trading Account.
- This account is not suitable for newbies, especially those who like Day, Position, or Swing trading.
- The required Deposit is higher than other trading accounts. You need to deposit at least $1000 to start trading.
- Leverage limitations. It will be capped at 1:500 max.
- You can not use any promotional campaigns that the broker offers. Such as a 100% Deposit Bonus, Level Up Bonus, and Cashback Offer
- The broker offers a floating spread option which starts from -1 pip but the broker charges a $6/lot commission.
Account Comparison
ECN Account Vs Cent Account
| Account Types | ECN | Cent |
|---|---|---|
| Minimum deposit | $1000 | $1 |
| Leverage up to | 1:500 | 1:1000 |
| Commission per lot/ side | $6/lot | N/A |
| Spread from | Floating Spread “-1” pip | Fixed 1 Pip |
| Maximum Order Counts | No Limit | 200 |
| Execution Time | ECN Technology | from 0,3 sec, STP |
ECN Account Vs Micro Account
| Account Types | ECN | Micro |
|---|---|---|
| Minimum deposit | $1000 | $5 |
| Leverage up to | 1:500 | 1:3000 |
| Commission per lot/ side | $6/lot | N/A |
| Spread from | Floating Spread “-1” pip | Fixed 3 Pip |
| Maximum Order Counts | No Limit | 200 |
| Execution Time | ECN Technology | from 0,3 sec, STP |
ECN Account Vs Standard Account
| Account Types | ECN | Standard |
|---|---|---|
| Minimum deposit | $1000 | $100 |
| Leverage up to | 1:500 | 1:3000 |
| Commission per lot/ side | $6/lot | N/A |
| Spread from | Floating Spread “-1” pip | Floating 0,5 Pip |
| Maximum Order Counts | No Limit | 200 |
| Execution Time | ECN Technology | from 0,3 sec, STP |
ECN Account Vs ZERO Account
| Account Types | ECN | ZERO |
|---|---|---|
| Minimum deposit | $1000 | $500 |
| Leverage up to | 1:500 | 1:3000 |
| Commission per lot/ side | $6/lot | $20/lot |
| Spread from | Floating Spread “-1” pip | Fixed Spread 0 Pip |
| Maximum Order Counts | No Limit | 200 |
| Execution Time | ECN Technology | from 0,3 sec, STP |
Recommendation: As we have said earlier, this trading account is specially designed for professionals. The broker requires $1000 to start but we always recommend depositing a larger amount to start trading, at least $8000-$10,000.
So if you can afford to deposit this amount then you can start trading otherwise our suggestion is to choose the Standard Trading Account. On the other hand, if you can effort to deposit our recommended amount then you will get the fastest and most transparent trading experience because an ECN trading account is the most popular and widely used by Scalpers and Advance level traders.
If you want to learn more, please have a look at the FBS Broker section. We have also added a FAQ section where you can find the most common answers. Please refer to the FBS FAQ Section to find your answers.
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