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Screenshot of a breaking news alert e-mail from Q2 2017
Alpari has today announced that it will introduce a new range of ECN accounts which will join the company’s product range from August 18 this year.
The company has made amendments to the designation of the accounts, replacing its existing ecn.mt4 and ecn-new.mt4 accounts on August 18 with new pro.mt4 and ecn.mt4 products that offer what Alpari considers to be improved trading conditions.
Features of the new pro.mt4 trading account include more liquidity providers, allowing more accurate client order execution and the ability to incorporate order sizes from 0.01 lots into your trading strategy.
Alpari will also not impose a limit on the number of open orders which clients can hold, plus the trading commission will be reduced, an aspect which Alpari has investigated before by running recent campaigns involving commission rebates.
There will be an increase in the minimum deposit to activate the new account, although Alpari has not divulged the proposed minimum deposit at this stage.
According to Alpari, some of the benefits of the new ecn.mt4 trading account include better margin requirements with increased leverage, and tighter spreads on popular trading instruments. These changes are mirrored for pamm.ecn.mt4 accounts (after the change to pamm.pro.mt4) and pamm.ecn-new.mt4 accounts (after the change to pamm.ecn.mt4).
With the impending obsolescence of the existing account types, Alpari has advised its customers that the new trading conditions will be applied to all existing ecn.mt4 accounts after the change to pro.mt4, and all existing ecn-new.mt4 accounts after the change to ecn.mt4.