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Mini trade account
- Original startup funds: 1000 USD.
- Low trading rates. (spreads: as low as 2 pips on the major currency pairs.)
- Leverage: Up to 400:1, equates to 0.25% margin.
- No negative balances. Fully automated margin liquidation.
- No commissions.
- Online access only
- Execution method: Constant 1 click dealing only.
To discuss setting up a mini account relationship you may contact our customer support desk at support_au@ecntrade.com (Please specify a telephone number where you may be contacted). You can also call 02-8001-6631 or alternately ask for a callback.
Standard trading account
- Original startup funds: 2'500 USD.
- Spreads: as low as 2 pips on the major currency pairs. Complete standard spreads table.
- Leverage: Up to 100:1, equates to 1% margin.
- No commissions.
- Execution method: Constant 1 click dealing only.
- No negative balances. Fully automated margin liquidation.
- Account denomination: Can be USD, EUR or GBP.
Important Notices
Internet Trading
Since ECN does not control signal power, its reception or routing via Internet, configuration of customer's equipment or reliability of its connection, ECN shall not be liable for any claims, losses, damages, costs or expenses, including attorneys' fees, caused, directly or indirectly, by any breakdown or failure of any transmission or communication system or computer facility or trading software, whether belonging to ECN, customer, any market, or any settlement or clearing system when customer trades online (via Internet).
Telephone Orders
ECN is not responsible for disruption, failure or malfunction of telephone lines.
Quoting Errors
Should a quoting error occur due to a mistype of a quote or a misquote given by telephone and/or electronic means (including responses to customer requests), ECN is not liable for any resulting errors in Account Balances and reserves the right to make necessary corrections or adjustments on the Account involved. Any dispute arising from such quoting errors will be resolved on the basis of the fair market value, as determined by ECN, in its sole discretion, of the relevant Currency at the time such an error occurred. In cases where the prevailing market represents prices different from the prices ECN has posted on our screen, ECN will attempt, on a best efforts basis, to execute trades on or close to the prevailing market prices. These prevailing market prices will be the prices, which are ultimately reflected on the customer Statements. This may or may not adversely affect customer realized and unrealized gains and losses.
Voluntary Cancellation of Limit Orders
Cancellation by customer of limit orders can be effected only when the limit order has not yet been excuted and will be effective only when the order of cancellation in confirmed.
Trading Hours
ECN will accept orders for and execute Forex transactions during the following trading hours:18:00 hrs EST(23:00 GMT) Sunday to 16:00 hrs EST(21:00 GMT) Friday.
Confirmed Orders May NOT be Modified or Rescinded
All orders that have been confirmed as executed for an account shall not be subject to withdrawal, cancellation or amendment in any manner or for any reason.