What is ECN Gold Trading Account Meaning?

XAUUSD Trading Account Types 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 gold trader trading with this ECN gold trading 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 Micro XAUUSD Trading Account

The different types of gold trading ECN xauusd trading accounts are: ECN Micro Gold Trading Account - ECN Mini Gold Trading Account - ECN Standard Gold Trading Account. Traders can open any of the ECN xauusd trading account type. Gold Trading ECN xauusd trading 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.