ECN Spreads

Electronic Communications Network (ECN)


Defined as the electronic matching of bids and offers using liquidity pools, ECN is a popular alternative for forex traders. Traditionally traders would be required to place an order with a broker, which would then be rerouted to a liquidity provider or bank. The broker would place a charge on this routing. This would increase the spread that the client would receive. ECN however means that the client will place an order through the broker, and the order will go directly to the liquidity provider. This usually results in a lower / tighter spread. The broker will charge a commission on top of the ECN spread.


*The use of leverage can magnify profits but it can do the same for losses. Forex and CFDs are leveraged products, involve a high level of risk and can result in the loss of more than your invested capital. Please consult our full risk warning notice.

Contract Information

View our competitive spreads below.

Product Spread in PIPS Time Updated
AUDCAD 3.4 2018-04-22 05:06:40
AUDCHF 3.8 2018-04-22 05:10:18
AUDJPY 1 2018-04-22 05:36:14
AUDNZD 0.9 2018-04-22 05:36:16
AUDSGD 1.9 2018-04-13 14:03:45
AUDUSD 0.4 2018-04-22 05:36:16
CADCHF 3.6 2018-04-22 05:34:38
CADJPY 1.2 2018-04-22 05:36:14
CHFJPY 3 2018-04-22 05:34:16
CHFSGD 10.5 2018-04-22 05:34:17
EURAUD 1.7 2018-04-22 05:36:13
EURCAD 8.6 2018-04-22 04:52:41
EURCHF 4.6 2018-04-22 05:36:14
EURGBP 1.2 2018-04-22 05:36:15
EURJPY 1.7 2018-04-22 05:36:15
EURNOK 133.9 2018-04-22 05:36:14
EURNZD 1.5 2018-04-13 14:03:45
EURSEK 68.1 2018-04-22 04:55:59
EURSGD 6.1 2018-04-22 05:36:14
EURTRY 68.5 2018-04-22 04:54:57
EURUSD 0.4 2018-04-22 05:36:17
GBPAUD 1.9 2018-04-22 05:05:01
GBPCAD 4.9 2018-04-22 04:55:59
GBPCHF 8.4 2018-04-22 04:54:58
GBPJPY 2 2018-04-22 04:54:57
GBPNZD 3.4 2018-04-13 14:03:45
GBPSGD 9.8 2018-04-22 05:05:40
GBPUSD 1.6 2018-04-22 05:08:39
NOKJPY 3.5 2018-04-22 04:52:41
NOKSEK 27.2 2018-04-22 05:02:41
NZDCAD 1.1 2018-04-22 05:37:35
NZDCHF 4.7 2018-04-22 05:10:17
NZDJPY 0.2 2018-04-22 04:54:57
NZDUSD 0.8 2018-04-22 04:52:42
SGDJPY 3 2018-04-22 04:55:00
USDCAD 1.5 2018-04-22 04:55:59
USDCHF 3.6 2018-04-22 04:54:58
USDCNH 11.9 2018-04-22 04:56:00
USDDKK 16.1 2018-04-22 04:54:58
USDHKD 6.5 2018-04-22 04:54:57
USDHUF 15.9 2018-04-22 04:55:59
USDJPY 0.3 2018-04-22 05:06:40
USDMXN 43.9 2018-04-22 05:03:20
USDNOK 153.1 2018-04-22 04:56:00
USDPLN 48.4 2018-04-22 05:37:36
USDSEK 74.1 2018-04-22 05:10:17
USDSGD 3 2018-04-22 05:36:13
USDTRY 54.5 2018-04-22 05:36:15
USDZAR 77.7 2018-04-22 05:06:41

Leverage

Leverage allows you to hold a larger position than the initial cash deposit. Your initial outlay is supplemented to increase the value of your underlying investment. The higher the leverage, the larger the position the trader can execute for the same amount of the initial deposit.

For example, a client using 100:1 leverage could hold a position in the forex market of $100,000 with a margin of $1,000. For a 200:1 leverage, the client would need a $500 margin to hold the same position.

Leverage increases the potential of high returns when the market moves in their favour. However, please note that leverage will act against you when the market moves in the opposite direction to your prediction.

Leverage Levels

Different leverage levels apply to different account types.

Margin Requirement

When an investor opens an account with a broker, an initial deposit is required in order to open a position in the market. The required cash deposit will act as a deposit to cover any credit risk. Depending on the agreement, the investor could be able to leverage up to a certain limit.

The margin requirement for a forex trade is calculated using the following formula:

Margin = (Lot Size * Contract Size * Opening Price) / Leverage

The examples below are based on a Standard/Classic account with a leverage of 100:1.

Forex

Margin requirement for one standard contract position in EUR/USD at 1.2500 is calculated as follows:
Margin = (1 * 100,000 * $1.2500) / (100) = $1250.00

Spot Gold

Margin requirement of one standard contract position in Gold at 1579.01 is calculated as follows:
Margin = (1 * 100 * $1579.01) / (100) = $1579.01

Spot Silver

Margin requirement for one standard contract position in Silver at 28.70 is calculated as follows:
Margin = (1 * 5000 * $28.70) / (100) = $1435.00

Note: Interest is not required to be paid on the borrowed amount, but if the investor decides to hold his position overnight, interest will be charged as the rolled over rates on the total positions held.

Margin Call

Margin Call is a level set by a brokerage that defines the minimum amount of money required to trade in the market. When your account falls below the margin call level, you will need to make an additional deposit to maintain your positions. Alternatively, you can close some of your positions to reduce your required margin. At Blackwell Global, Margin Call is set at 80%.

Stop Out Level

In the event you are unable to maintain sufficient funds in your account after hitting Margin Call, and if your account value depreciates to the Stop Out level, your positions will be closed automatically to prevent further loss to your capital. At Blackwell Global, Stop Out level is set at 50%.

Swaps

Often referred to as Rollover Interest, swaps are charged when holding onto a position overnight due to the difference in interest rates between the base currency and the quote currency.

Blackwell Global deals forex trading on a “spot” basis. All trades are settled in two business days from inception as per market convention. Swaps are automatically calculated and settled at 21:59 GMT (Server Time 22:59) on a daily basis and Blackwell Global does not arrange for physical delivery. Any open positions held from Wednesday to Friday on a trade date basis will be charged three times the value.

The extra payment is to cover the interest that would normally have been charged on Saturday and Sunday when the market is closed.

Forex Rollover Interest

Product Short swap Long swap Time Updated
AUDCAD -3.487 0.9 2018-04-22 05:06:40
AUDCHF -8.624 3.24 2018-04-22 05:10:18
AUDJPY -9.284 2.124 2018-04-22 05:36:14
AUDNZD -0.946 0.144 2018-04-22 05:36:16
AUDSGD -6.275 1.95525 2018-04-13 14:03:45
AUDUSD -0.935 0.081 2018-04-22 05:36:16
CADCHF -8.129 2.349 2018-04-22 05:34:38
CADJPY -4.873 1.575 2018-04-22 05:36:14
CHFJPY 1.197 -3.003 2018-04-22 05:34:16
CHFSGD 3 -8 2018-04-22 05:34:17
EURAUD 5.904 -18.106 2018-04-22 05:36:13
EURCAD 4.014 -13.178 2018-04-22 04:52:41
EURCHF -2.849 0.783 2018-04-22 05:36:14
EURGBP 1.242 -4.664 2018-04-22 05:36:15
EURJPY 0.432 -2.167 2018-04-22 05:36:15
EURNOK 21.339 -46.64 2018-04-22 05:36:14
EURNZD 5.586 -12.95 2018-04-13 14:03:45
EURSEK -16.148 -5.071 2018-04-22 04:55:59
EURSGD 1.863 -7.238 2018-04-22 05:36:14
EURTRY 151.29 -215.93 2018-04-22 04:54:57
EURUSD 5.193 -11.847 2018-04-22 05:36:17
GBPAUD 5.103 -13.574 2018-04-22 05:05:01
GBPCAD 2.781 -7.865 2018-04-22 04:55:59
GBPCHF -8.261 2.349 2018-04-22 04:54:58
GBPJPY -4.598 1.035 2018-04-22 04:54:57
GBPNZD 3.21225 -8.6775 2018-04-13 14:03:45
GBPSGD -1.859 -1.859 2018-04-22 05:05:40
GBPUSD 2.403 -8.382 2018-04-22 05:08:39
NOKJPY -0.605 0.207 2018-04-22 04:52:41
NOKSEK -5.874 2.817 2018-04-22 05:02:41
NZDCAD -2.904 0.972 2018-04-22 05:37:35
NZDCHF -8.855 2.592 2018-04-22 05:10:17
NZDJPY -7.546 2.529 2018-04-22 04:54:57
NZDUSD -0.132 -0.264 2018-04-22 04:52:42
SGDJPY -2.662 0.513 2018-04-22 04:55:00
USDCAD -5.324 0.873 2018-04-22 04:55:59
USDCHF -12.199 4.518 2018-04-22 04:54:58
USDCNH 10.206 -70.543 2018-04-22 04:56:00
USDDKK -42.35 24.885 2018-04-22 04:54:58
USDHKD -44.627 25.083 2018-04-22 04:54:57
USDHUF -21.791 6.39 2018-04-22 04:55:59
USDJPY -11.451 3.537 2018-04-22 05:06:40
USDMXN 227.79 -314.6 2018-04-22 05:03:20
USDNOK -33.946 16.326 2018-04-22 04:56:00
USDPLN -0.231 -2.574 2018-04-22 05:37:36
USDSEK -89.441 36.819 2018-04-22 05:10:17
USDSGD -9.988 3.429 2018-04-22 05:36:13
USDTRY 287.46 -440.22 2018-04-22 05:36:15
USDZAR 155.448 -208.483 2018-04-22 05:06:41

Specifications

0.1pips

Spreads from

$9

Commission (Roundturn)

24

Trading Hours

5

Trading Days

5

Pricing Decimals

3

Japanese Yen Decimals

100000

1 Standard Lot

2

Server Time (GMT+)

0.01

Min. Order Size

100

Max.Order Size (lots)

Request ECN Information

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