The Electronic Communication Networks brokers are better known as ECN. These brokers send our operation orders directly to banks or institutions so that that the operations do not take time to arrive. Among these brokers, we have Exness.
Exness:
● Exness is a broker that has its trading platform in Meta trader 4.
● It has a WEB platform, Android Mobile and iPhone.
● It allows creating Demo account.
● It is regulated by the FDR and CySEC.
● Offers you a welcome bonus of up to 60%.
● Allows Scalping and Hedging.
● Minimum income is 100 USD, GBP, EUR, JPY, others.
● Maximum leverage 1-2000.
It does not have operations tables and does not play in return, this means that they do not benefit if we have losses.
Many times it can have zero spread which is very advantageous for investors. Actually, they are the best brokers with which we must negotiate.
CLICK HERE TO REVIEW EXNESS SPREAD.
Operating in Exness with zero spreads offers the opportunity to know your input and output levels accurately. It also allows the calculation of expenses without losing the trade in advance.
Zero spread accounts can be critical for the execution of some of the strategies that require the same Ask and Bid prices in the quote.
There are not many brokers that offer accounts with zero spreads, but those that do usually can be compared by the commission (or fee) they charge for execution of 1 standard lot.
Traders should favor forex brokers with the lowest commission. Unfortunately, Exness also requires a high minimum account amount associated with zero spread accounts.
However, the owners and workers of Exness also have the right to eat, so, although you do not have to pay money to buy or sell CFDs on the different assets (currencies, stocks, commodities, cryptocurrency, indexes), it is not of a free broker, because no one is such today.
That is why Exness makes money through spreads.
The spread is the difference between the prices at which CFDs can be acquired on underlying assets (Stock Exchange would be shares, Forex currencies such as the euro or the dollar, etc.) and commodities such as gold in the commodities market, soy or oil.
