FAQ TRADING PLATFORM
How many trading platforms are available?
MetaTrader 4: take advantage of one-click, at-best order execution, advanced technical analysis and unmatched automation capabilities
ECTrader Lite: a downloadable window based client offering an extensive set of features.
ECWeb Trader: a user friendly web platform which synchs up to your MT4 account.
ECMobile Trader: The ultimate in mobile trading. Access from anywhere in the world at anytime
ECPro AutoTrader: Trade with proven successful strategies
For further details of our trading platforms, please visit our platform guide.
What are the recommended system requirements for using ECMarkets trading platforms?
The recommended PC requirements are:
Computer: Intel Pentium IV 3.0GHz, 512 MB RAM, or higher
Monitor: A minimum resolution of 800x600 pixels
Operating system: Microsoft Windows XP, Windows 2000
Web browser: Microsoft Internet Explorer 6.X
Internet connection: Broadband internet connection with a min 1.5 MB download speed
Note: Systems that do not meet these requirements may experience limited functionality.
Do I have trailing Stop and OCO options?
Yes. Our professional trading platform offers an extensive set of features and powerful tools to help assist both novice and professional traders.
What is Trailing Stop?
A Trailing Stop is a stop-loss order that automatically adjusts itself as the market rate moves in the direction of your open position. The trailing price literally trails behind rising prices, allowing you to capture more profits while ensuring that if prices suddenly drop you are still protected by the automatic Stop-Loss order.
What does OCO stands for?
OCO stands for One Cancels the Other and is a contingent order providing that one part of the order is cancelled if the other part is executed.
To learn more about our trading platform, please visit the Trading Platform page.
Can I change the layout of ECMarkets trading platform?
Yes. Once you have logged-in to ECMarkets trading platform you can customize the platform’s layout according to your personal preferences. This enables you to organize windows, add charts and create new workspaces.
What is Forex?
In short, the Foreign Exchange market, also referred to as the "Forex" or "FX“ market, is the largest and most liquid financial market in the world, with a daily turnover volume of roughly 4 Trillion US Dollars. Forex trading is the buying and selling of one country’s currency against another.
To learn more about the Forex market, please refer to our education page.
What is spread?
The spread is the difference between the bid price (selling price) and the ask price (buying price).
Example: If the quote for the EUR/USD pair is 1.2910 against 1.2913 then the spread is 3 pips.
What is a Pip?
Pip is an acronym for Price Interest Point . This represents the smallest value of measurement for forex currencies.
How does a Stop Loss order work?
Stop Loss orders are used to reduce risk by closing a losing trade once the market passes a pre-determined price by the trader. Once the order is triggered, the Stop Loss Order becomes a market order and is filled at the best available price at the time.
ECMarkets will do its best to fill your trade at the price requested.
When is the forex market open for trading?
The Forex market is open for trading 24 hours a day, five days a week. The market opens on Sunday evening at 22:00 GMT when Asian markets open, and concludes on Friday night when the New York markets close.
For further details of trading times, please visit our trading times page
What is the rollover?
A rollover is when interest is paid or deducted from open positions. Trading currencies always involves two different currencies with their own individual interest rate. When you buy a currency that has a higher interest rate than the sold currency, you will be paid interest. However, when you buy a currency with a lower interest rate than the sold currency you will pay interest, and money will be deducted from your account. A rollover applies only to overnight trades.
Got a question?
An ECMarkets team member is always available to answer any questions you may have.
Click here to contact us. |