Russia’s Alpari adds ECN, PAMM ECN accounts for MT5 trading platform

Russia’s Alpari adds ECN, PAMM ECN accounts for MT5 trading platform

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Russia-based forex brokerage group Alpari said on Monday it has introduced two new type of Electronic Communication Network (ECN) trading accounts, ecn.mt5 and pamm.ecn.mt5, which allow the trading of forex and spot metals via the MT5. The new accounts are the result of the broker’s partnership with technology solutions provider AMTS Solutions.

Trading via the new accounts will be instant and without any re-quotes. Both ecn.mt5 and pamm.ecn.mt5 accounts can be opened in US dollar (USD), Euro (EUR), and gold (GLD) with a minimum of 500 units of the account currency. They both have a fixed minimum leverage rate of 100:1 and spreads starting from 0 pips.

In addition, the broker offers nano.mt4, standard.mt4, ecn.mt4, pro.ecn.mt4 trading accounts, as well as the PAMM accounts pamm.standard.mt4, pamm.ecn.mt4, and pamm.pro.ecn.mt4.

As part of its product optimization strategy, Alpari closed just a couple of months ago all nano.mt4 accounts and renamed two of its existing accounts to standard.mt4 and ecn.mt4 accounts from fix.mt4 and pro.mt4. It also introduced a binary options account, alpari.binary.

The broker offers trading of forex, metals, contracts for difference (CFDs), and binary options via the trading platforms MetaTrader 4, MT5, and BinaryTrader.

The MT5 is one of the most widely-used trading platforms. Its users can execute orders in several financial markets and stock exchanges using a single trading account. The platform is based on the MQL5 programming language and has options for automated trading strategies (Expert Advisors, EAs) and is available as an application for desktop and mobile devices.

ECN trading is a type of online forex trading where the aim is to exclude from the transaction execution third parties such as investment intermediaries. This way traders get the best possible trading conditions. Percent allocation management module, or PAMM accounts, on the other hand, are a type of pooled money forex trading service which allows traders to invest their money in a proportion to the investments of more experienced traders that they follow. The concept includes PAMM managers, who act as master traders and can design an attractive proposal for investors, and investors who can browse through PAMM accounts and choose how to invest their funds. Gains and losses are distributed between managers and investors in proportion to their participation.

Alpari, set up in 1998, has offices in Russia, Saint Vincent and the Grenadines, Mauritius, and the UAE. The group companies are registered with and regulated by the relevant regulatory bodies in Belize and Saint Vincent and the Grenadines.

The group had a UK-regulated branch, which went insolvent in January 2015 after it faced exceptional volatility and extreme lack of liquidity as a result of the EUR/CHF collapse.

Source: Alpari

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