What is Electronic Communication Network Account in Gold Trading?

Types of XAUUSD Trading Accounts ECN

ECN Gold Trading Accounts

ECN Gold Trading Account stands for Electronic Communication Network, these ECN Gold Trading Account brokers are connected to the interbank network directly through an electronic communication network and the gold orders from the ECN Gold Trading Account are placed straight to the electronic network.

The ECN Gold Trading Account will display different orders from different banks. The gold trading quote placed by these ECNs network of banks are direct from the to the interbank network and orders are executed directly to the interbank market once a trader trading with this ECN account places an order with their xauusd trading broker.

These ECNs account will charge commissions + spread for every gold trade. For these ECN Gold Trading Account execution method every trade is matched to another in real time over the interbank network - ECN Network.

ECN Cent XAUUSD Trading Account

The different types of gold trading ECN accounts are: ECN Cent Gold Trading Account - ECN Micro Gold Trading 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 trading account should look for accounts that include paying of commissions on top of spreads - ECN Commission.