Which account type is cheapest overall?

For high-frequency traders (scalpers, day traders), ECN accounts are typically cheapest despite the commission. For low-frequency traders (swing traders, position traders), Standard accounts are often cheaper because you pay fewer total spreads.

Can I have multiple account types with one broker?

Yes, most brokers allow you to open multiple sub-accounts under one profile. You can have a Standard account for swing trading and an ECN account for scalping—many traders do exactly this.

What is an STP account?

STP (Straight Through Processing) is a hybrid between Standard and ECN. The broker passes orders directly to liquidity providers without a dealing desk. Execution is better than Standard, but spreads may be slightly marked up. Many "ECN" accounts are actually STP.

Can anyone open an Islamic account?

Some brokers require proof of religious affiliation, while others offer Islamic accounts to anyone who requests them. Check your broker's specific policy. Note that some traders abuse swap-free for carry trade avoidance, which is why brokers may have restrictions.

Should beginners start with a Cent account?

Cent accounts are excellent for beginners transitioning from demo. You experience real money psychology (unlike demo) while risking minimal capital. Many successful traders recommend: Demo → Cent → Standard as a progression path.

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Forex Account Types: Standard, Mini, Micro & ECN Explained

Choose the right account type for your trading. Compare standard, mini, micro, and ECN accounts.

Written ByEdith BalazsFact-Checker & Research Lead

Fact Checked ByMarcus ThompsonTrading Platforms Expert

Last UpdatedNov 10, 2026

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Edith Balazs

Fact-Checking • Research • Data Verification

About the Author

Edith is a Certified Financial Analyst (CFA) with a background in financial journalism. She leads our fact-checking team, verifying every data point, fee structure, and regulatory claim in our broker reviews to ensure accuracy and reliability.

Fact-Checker & Research Lead — Everything you find on BrokerAnalysis is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback.

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Forex Account Types: Standard, Mini, Micro & ECN Explained

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