FXOpen introduces incremental ECN lot trading

FXOpen introduces incremental ECN lot trading

FXOpen is one of the companies that are most responsible for Metaquotes’ (the company behind Metatrader) success simply because it introduces features that Metatrader should have but it doesn’t. Alpari is another of these companies and occasionally serves as Metaquotes’ beta-site.
FXOpen recently introduced the first ever MT4 ECN platform and also added PAMM accounts making money managers’ life much easier.
Today FXOpen announced (http://forum.fxopen.com/showthread.php?t=62155) that it completed the development and testing of another very important feature – incremental lot trading. With the exception of MB Trading small time traders could not have traded ECN style due to the very large minimal order requirements.
If opening an account with an ECN broker like Dukascopy requires a minimal deposit of $10,000 and a minimal trade size of 1 lot, with FXOpen you can start trading with 0.1 lots. For now, FXOpen’s commissions are about 30% lower than MB Trading’s.

Read More here: http://forexmagnates.com/fxopen-introduces-incremental-ecn-lot-trading/

what advantages or whats the difference between MT4 and MT4 ECN?
and also what does ECN stand for ?
thanks

MT4 is a type of platform, MT4 ECN is a type of forex trading via MT4 platform. ECN stands for Electronic Communications Network and in forex market means that your orders are directly displayed in the market as opposed to market making platforms where you buy from the broker and sell to the broker...

Read my detailed explanation here: http://forexmagnates.com/finally-the-brokers-guide-explaining-what-market-maker-stp-and-ecn-brokers-really-are-part-12/

and here:

http://forexmagnates.com/finally-the-brokers-guide-explaining-what-market-maker-stp-and-ecn-brokers-really-are-part-22/