Module 2 — Trading Accounts
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2

Trading Accounts

The 3 live account types WeGolden offers — ECN, Standard, and Cent

⚡ 2.1 ECN Account

The ECN (Electronic Communication Network) Account is designed for professional traders who require direct market access, institutional-grade pricing, and ultra-fast order execution. Orders are routed directly to liquidity providers, resulting in raw spreads and high execution efficiency.

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Key Features
  • Raw spreads from 0.0 pip
  • Commission-based pricing
  • Fast market execution with reduced slippage
  • Margin Call: 150% · Stop Out: 20%
Suitable ForProfessional traders, scalpers, algorithmic (EA) traders, and high-volume traders
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Advantages
  • Ultra-low spreads
  • Direct access to liquidity providers
  • Optimized for scalping and automated trading
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Limitations
  • Commission is charged on each trade
  • Less suitable for inexperienced traders

📊 2.2 Standard Account

The Standard Account is the most widely used account type and is intended for retail traders seeking a straightforward pricing model. Trading costs are incorporated into the spread, with no commission charged.

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Key Features
  • Floating spreads
  • No commission
  • Fast execution through liquidity providers
  • Margin Call: 150% · Stop Out: 20%
Suitable ForBeginner traders, swing traders, and clients who prefer a simple fee structure
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Advantages
  • Commission-free trading
  • Easy-to-understand trading costs
  • Appropriate for most retail traders
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Limitations

Wider spreads than the ECN Account.

🪙 2.3 Cent Account

The Cent Account is a live trading account that uses Cent as the account currency rather than USD. It enables clients to trade with significantly smaller effective position sizes while maintaining the full functionality of the MT5 platform.

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Key Features
  • Base currency: Cent (100 Cent = 1 USD)
  • Minimum deposit: USD 3
  • Available on MT5 Desktop, Web, and Mobile
  • USDT deposits and withdrawals only
Suitable ForNew traders, strategy testing, EA testing, and risk management practice
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Advantages
  • Low financial risk
  • Ideal learning environment with real market conditions
  • Suitable for testing trading strategies
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Limitations
  • Not intended for large-capital trading
  • Lower profit potential due to smaller trading volume

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📝 Module 2 Quiz

6 Questions