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Knowledge base: ECN
Prices and Spreads
Posted by on 29 January 2014 03:33 PM

ECN prices

ECN accounts have 5th decimal pricing (0.12345). 

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. It is possible for the DAB to be negative where the Bid price is higher than the Ask price.

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