What's Electronic Communication Network Account in Gold Trading?

Types of XAUUSD Trading Accounts ECN

ECN Gold Trading Accounts

ECN Gold Account stands for Electronic Communication Network, these ECN Gold Trading Account brokers are connected to the inter bank network directly through an electronic communication network & the gold orders from the ECN Gold Trading Account are placed straight to the electronic net-work.

The ECN Gold Account will display different orders from different banks. The gold trading quote placed by these ECNs network of banks are direct from them to the interbank net-work & orders are executed direct to the interbank markets once a trader trading with this ECN account places an order with their xauusd trading broker.

These ECNs account will charge commissions + spreads for every gold trade. For these ECN Gold Trading Account execution technique every trade is matched to another in realtime over the inter bank network - ECN Network.

ECN Cent XAUUSD Trading Account

The different types of gold trading ECN accounts are: ECN Cent Gold Account - ECN Micro Gold Account - ECN Standard Account Gold Trading. Traders can open any of the ECN xauusd trading account type. Gold Trading ECN account types will include paying of commissions on top of gold trading spreads therefore gold traders looking for ECN gold account should look for accounts that include paying of commissions on top of spread - ECN Commission.