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Besides the popularity, using the MT4 platform with an ECN broker allows traders to make use of plugins, indicators and EA’s in order to build up a semi or fully automated forex trading system. The MT4 trading platform was originally created to work ideally with Market Maker or fixed spread brokers. FxOpen: FxOpen has been operating since 2005 and was the first forex broker to introduce MT4 ECN Trading for retail clients. Using MT4 forex trading platform with an ECN forex broker offers traders the flexibility while allowing traders to transact within the liquidity pool of the ECN Forex broker.

RISK WARNING: Forex, CFDs and other products are leveraged and could potentially attract a high level of risk.
This can prove to be a great advantage especially for scalpers which works great with ECN forex brokers due to their speed of execution and lightning fast price quotes.
Charging only commissions on your trading, using MT4 with SunbirdFx makes for a great combination. There are quite a few limitations when it comes to using other forex trading platforms built to work with ECN brokers and therefore, the MT4 platform enables traders access to various indicators, ECN expert advisors and a lot more.

The benefit of using MT4 trading platform with an ecn forex broker is that it allows traders to take advantage of one of the most widely popular forex trading platform. Ensure that you fully understand the risks involved and seek independent advice if necessary before you start trading forex online.

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31.05.2014 | Author: admin

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