Origin ECN Review 2024
Website: www.originecn.com
Min. Deposit: US$ 200
Leverage: 1:400
Trading Platforms: MT4
Regulation: ASIC
Headquarters: Australia
Founded: 2004
Regulatory Licenses:
- Origin Markets - authorized by ASIC (Australia) registration no. AFSL 246943 ABN 58 106 064 644 not active
Updated on April 15, 2024
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Origin ECN was established in Australia in 2004 as a provider of financial trading services. Over the years, it has expanded its operations to include a Shanghai operational office, signaling its growth and enhancement in the industry. The firm has developed advanced trading tools and offerings that cater to a diverse audience, ranging from individuals to institutions or enterprises. It provides access to trade over 50 financial derivatives, including FX, Stock Index, and Commodities.
The company is known for its STP-ECN trading mode, which allows clients to receive quotes directly from the interbank network without any third-party intervention. This direct connection is facilitated through sophisticated server technology. Origin ECN offers flexible leverage options ranging from 50:1 to 400:1, enabling customers to maximize their capital utilization and manage risks more effectively.
Origin ECN also provides a comprehensive training system that covers all aspects of operation, offering both elementary and advanced tutorials and education. This initiative ensures that traders at any level can enhance their knowledge and trading skills. Additionally, the company actively participates in offline industry activities, such as forums and summits, providing opportunities for engagement and knowledge sharing within the foreign exchange community. One notable event, the "World Trading Experience Sharing – 1st National Innovation Technology Exchange Forum For Foreign Exchange Industry" held in Guangzhou, has set a benchmark for technology exchange forums in the industry.
Is Origin ECN safe or a scam? ▲
Origin ECN operates under the brand name of Origin Markets, holding a license from the ASIC (Australian Securities and Investments Commission). ASIC is one of the most respected and authoritative regulators in the financial world, enhancing client confidence by ensuring a high level of compatibility, risk management, and security on all levels.
As one of the first Forex companies authorized in Australia, Origin ECN has maintained a commendable regulatory record, performing stable and trusted operations. The broker submits annual audit reports, ensuring that clients' trading accounts are completely segregated from the company's own accounts. Funds are safeguarded by top-tier banks, and professional liability insurance is provided as required. In the event of any issues, clients are compensated through indemnity insurance.
Origin prides itself on leveraging the MetaTrader4 platform, a benchmark in the industry recognized for its execution performance and speed. Origin's adaptation of the MT4 platform offers a clear, user-friendly interface complemented by powerful charting features, customizable position settings, comprehensive analytical tools, and timely news alerts. Its design is intuitive, making it accessible to both novices and professionals, while also providing advanced functionality for those requiring it. The platform is versatile, with versions available for PC, mobile devices, and web applications, ensuring traders can operate on their preferred device without compromise.
To meet the essential needs of every trader, Origin has integrated Trading Central into their offering. This provides users with leading global technology strategies and features to support Expert Advisors (EAs) for automated trading without any restrictions, alongside real-time alerts from online monitoring. Additionally, a variety of plug-ins are available for download, further expanding the capabilities of the MT4 platform.
Origin ECN offers a diversified portfolio of account types tailored to the varied needs of traders. The accounts provide detailed statistical data and functionality for viewing financial statements and managing accounts through an efficient CRM system.
Standard Account is tailored for entrylevel traders with an initial deposit requirement of $200 and typical floating spreads ranging from 2.2 to 2.8 pips.
VIP Account caters to more experienced traders seeking competitive spreads of 1.2 to 1.8 pips, maintaining the same STP features, with a starting requirement of $500.
ECN Account represents the premium offering, a pure ECN model with interbank spreads starting from 0.0 pips and access to deep liquidity pools, albeit with a higher entry threshold of $10,000.
For those new to the market or wishing to test strategies, Origin provides an option to open a Demo Account, a feature especially beneficial for beginners (Check top 12 forex brokers for beginners). Moreover, money managers and corporate clients are welcomed to utilize MAM Accounts, which offer competitive features to facilitate business operations and foster potentially successful trading practices.
Deposit and Withdrawal Methods ▲
To participate in live trading on the Origin ECN platform, clients are required to deposit funds. The available payment methods include the most commonly used and convenient option – wire bank transfer directly from the trader's bank account. It is important to note that, at the present time, the broker does not support payments via credit card. Traders should be aware that they are responsible for any additional costs, such as the fees charged by the bank for processing the transfer. For withdrawals under $200, a fee of $20 is applied, while larger withdrawals are processed without any fees.
The assessment of Origin ECN concludes that the firm is a trustworthy option that provides direct market access along with interbank quotes through its sophisticated software and variety of trading instruments. The full authorization by ASIC (Australia) affirms the broker's status and ensures client protection. New traders are welcomed with a relatively low minimum deposit requirement of $200, and they also have the option to open a Demo account risk-free. Traders can then choose between STP or ECN accounts, depending on the trading strategy that suits them best. The broker's commitment to education, market analysis, and regular updates will support traders at every level and stage of their trading journey. Moreover, experienced traders will discover numerous opportunities for trading and receive the necessary support from the company. Overall, Origin ECN can be considered an excellent trading partner thanks to its advanced technologies and consistent support, which have been recognized and awarded multiple times throughout its years of operation.
According to the latest information and updates, Origin ECN and its registered company, Origin Markets Ltd, are no longer serving clients or offering trading services. The website address is also unavailable, indicating that there are no plans to resume services or the possibility of renewing operations in the future. However, the ASIC license remains active. Recently, the company underwent a name change and is now known as ZANK CAPITAL LTD, which may suggest the development of a new trading services company aimed at continuing to offer trading solutions.
