General Information& Regulation
ECN Trade Pty Ltd (ABN 26 127 631 145) is a forex broker in Australia, which offers online Foreign Exchange, precious metals & global indices trading to retail and wholesale investors. ECN TRADE is a registered entity with the Australian Securities and Investments Commission (ASIC) in 2007 and holds Australian Financial Services License (AFSLNo.388737).
Market Instruments
ECN TRADE provides services to retail and institutional customers in online investing and trading. The product ranges include CFD's over forex, precious metals, crude oil, global indices and related financial derivative instruments.
Accounts & Leverage
ECN TRADE provides investors with Demo Account and Live Account, and the latter offers Standard Account and Pro Account (minimum opening deposit of $2000). In terms of Standard Account, the maximum leverage is up to 30:1 for major currency pairs (a combination of any two of the following currencies: Australian dollar; British pound; Canadian dollar; Euro; Japanese yen; Swiss franc and US dollar). In terms of Pro Account, the account currency include USD and AUD, and the maximum leverage is up to 1:200.
Spreads & Commissions
The spreads for the majors can be less than 1 pip. The Pro Account does not charge any commission.
Trading Platform
ECN TRADE provides clients with access to the worlds financial markets via the MetaTrader 4 (MT4) platform (PC/iPhone/Android/iPad).
Deposit & Withdrawal
Funding methods at ECN TRADE include Fast Bank Transfer (Same bank in Australia) and Bank Wire Transfer from other banks in Australia. The minimum deposit amount is $1,000.00. There is no deposit or withdrawal fee. Due to AML/CTF laws, ECN Trade cannot accept funds from third parties. All money deposited into your account must come from a bank account in the same name as your ECN trade trading account.
Trading Hours
The trading time of Demo Account is Sunday 6:00pm EST- Friday 5:00pm EST.
Accepted Countries
ECN TRADE is directed only at persons to whom it can legally provide the products in Australia. It is not directed at any country outside Australia and is not intended for use by any person in any jurisdiction where such products or services would be prohibited or against local law or regulation.
Risk Warning
Trading in FX and derivatives can be risky and you may lose all of your investment. Clients are strongly recommended to seek professional advice before opening an account with ECN TRADE.
2022-12-12 16:38
2022-12-08 10:55
