Prices and Spreads

Prices and Spreads

ECN prices

ECN accounts have 5th decimal pricing (0.12345). 1 pip with 0.1 lot (10,000 base currency) is equal to approx. $0.1 (10 US Cents).

Spreads in ECN accounts

ECN environments more appropriately use the word difference instead of spread. Difference or DAB refers to the difference between the best BID and the best Offer (ASK). DAB is variable and not fixed and depends on the buy and sell orders available on the Marketplace.

FXOpen provides True ECN pricing which means that you will see the best BID and best Offer (ASK) as they appear from our clients and other Liquidity Providers who participate in our ECN liquidity pool. FXOpen does not manipulate or add any pips to the BID or ASK. 


    • Related Articles

    • ECN

      ECN stands for Electronic Communications Network formed by investment funds, banks, traders, etc. Due to the Forex market being largely unregulated, there is no central exchange for Forex and trading is performed on an OTC (Over The Counter) market. ...

    • MT4 iOS: Quotes

      The Quotes screen contains current Bid/Ask prices. To access the screen, tap . There are 2 available view modes: In simple mode, you can only see currency pairs and current Bid/Ask prices. In advanced mode, you can see currency pairs, current ...

    • MT5 Android: Quotes

      The Quotes screen contains the current Bid/Ask prices. To access the screen, tap Quotes in the main menu or tap . There are 2 available view modes: In simple mode, you can only see currency pairs and current Bid/Ask prices. In advanced mode, you can ...

    • Forex Glossary

      A AML ― Anti Money Laundering, a set of procedures, laws or regulations designed to stop the practice of generating income through illegal actions. Appreciation ― a currency is said to "appreciate" when it's price increases against a specific ...

    • MT4 Android: Quotes

      The Quotes screen contains the current Bid/Ask prices. To access the screen, tap Quotes in the main menu or tap  . There are 2 available view modes: In simple mode, you can only see currency pairs and current Bid/Ask prices. In advanced mode, you can ...