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What are the differences between raw ECN and standard accounts in the cryptocurrency market?

avatarDominik KosNov 24, 2021 · 3 years ago1 answers

Can you explain the distinctions between raw ECN and standard accounts in the cryptocurrency market? What are the advantages and disadvantages of each type of account?

What are the differences between raw ECN and standard accounts in the cryptocurrency market?

1 answers

  • avatarNov 24, 2021 · 3 years ago
    Raw ECN accounts and standard accounts are two different options for trading cryptocurrencies. Raw ECN accounts provide direct access to the market, allowing traders to interact with other participants and access the best available prices. This type of account is often preferred by experienced traders who value transparency and want to take advantage of tight spreads. On the other hand, standard accounts are offered by brokers and provide a more traditional trading experience. These accounts may have wider spreads and slower execution speeds, but they often come with additional features such as customer support and educational resources. When deciding between raw ECN and standard accounts, it's important to consider your trading goals, risk tolerance, and level of experience.