Difference between STP and ECN accounts
STP and ECN operate as the NDD (No Dealing Desk) which means that traders' orders are forwarded to the interbank market without being processed by the dealing desk. Also STP trades are forwarded directly to liquidity providers while ECN trades form inner liquidity between the members of the electronic network.
The key difference between these two types of accounts is the commission. On ECN accounts traders are charged a fixed commission for opening and closing trades and spreads depend on the prices of liquidity providers. On STP accounts no commission is charged but the FXOpen mark-up is added to the spread of liquidity providers.
As a rule, ECN offers a wider range of financial instruments including various CFDs.
The additional differences are listed in the table:
FXOpen Markets: ECN vs. STP
| | STP | ECN |
| Minimal deposit | USD 10 | USD 100 |
| Margin Call | At Margin Level of less than 50% | At Margin Level of less than 100% |
| Stop Out | At Margin Level of less than 30% | At Margin Level of less than 50%
|
FXOpen AU: ECN vs. STP
| | STP | ECN |
| Minimal deposit | USD 10
| USD 200 |
| Margin Call | At Margin Level of less than 50% | At Margin Level of less than 100% |
| Stop Out | At Margin Level of less than 30% | At Margin Level of less than 50%
|
FXOpen UK: ECN vs. STP
FXOpen EU: ECN vs. STP
Related Articles
ECN Accounts
1. Are there any promotions in ECN accounts? No, we do not offer any promotions for ECN accounts 2. Are there any commissions in ECN accounts? ECN accounts have commissions to open/close a trade. The commission rate depends on the account equity and ...
STP
STP (Straight Through Processing) gives you direct access to the Forex market (interbank market) and offers the best prices, low spreads and 5th decimal pricing format. Unlike ECN, broker's commission is included in the difference between the best ...
Leverage in STP accounts
Leverage available for FXOpen STP accounts: 1:1 - 1:500 for accounts from $10 up to $25,000; 1:1 - 1:200 for accounts from $25,000 up to $100,000; 1:1 - 1:100 for accounts from $100,000 up to $1,000,000. negotiable over $1,000,000.To change your ...
PAMM accounts
Trading terms for PAMM accounts PAMM account (PAMM — Percentage Allocation Management Module) is a special trading account based on trust management. Managed account (PAMM) enables a professional trader to manage funds of many investors on one live ...
Leverage in ECN accounts
The leverage of 1:1000 is available on TickTrader accounts only and for FXOpen INT clients only. There are no leverages between 1:500 and 1:1000. Conditions are the same as for the 1:500 leverage (for accounts under $25,000). Leverage available for ...