FXCess
Questions & Answers

Yeah, you are able to open several trading accounts with fxcess, and this is actually a smart way of using their accounts for sure. You can open two trading accounts, one classic, one ECN and they are going to be separate. You will have to top up them both, they are not mixed at all. Look, if you are going to deposit into the ECN account, the same amount of money will not magically appear in the classic account. You will have to spend twice as much for trading at this point, but you will face some advantages. If the volatility is not that big in the market and news are far, you can use classic account as spreads there are normally wider but commissions are at zero. However, if the market is moving too rapidly and spreads are widening too much, you can switch to ECN account where spreads are minimal but you will have to pay for commission fees. The execution is going to be better with ECN as well. Anyway, it’s your decision at the end how to use these two accounts, just make sure to get the best of them.