OneRoyal offers different trading account types to suit various trading preferences. The Classic Account and the ECN Account mainly differ in how trading costs are structured and how prices are delivered.
Classic Account
The Classic Account is designed to offer a simple and straightforward trading experience.
Key characteristics:
No commission is charged
Trading costs are included in the spread
Access to essential trading tools
Pricing is easy to understand, as costs are built into the spread
With this account type, traders do not pay a separate commission per trade.
ECN (Electronic Communication Network) Account
The ECN Account provides access to raw market pricing with a different cost structure.
Key characteristics:
Spreads start from 0.0 pips on major instruments (such as EUR/USD)
A commission of $3.5 per side, per lot traded is charged
Prices reflect direct access to liquidity
Market execution is used
Instead of wider spreads, trading costs are split between raw spreads and a transparent commission.
Key Differences at a Glance
| Feature | Classic Account | ECN Account |
|---|---|---|
| Commission | No | Yes (per side, per lot) |
| Spreads | Wider (cost included) | Raw, starting from 0.0 pips |
| Pricing structure | Spread-only | Spread + commission |
| Execution | Market execution | Market execution with direct liquidity access |
Important Note
This article is provided for informational and educational purposes only and does not constitute investment advice. Trading involves risk, and different account types may suit different trading preferences.