Along with bitcoin, Ethereum is one of the most popular cryptocurrencies in use today. Sometimes referred to as just Ether, this cryptocurrency is accepted by a range of ECN forex brokers as an alternative to bank transfers and e-wallet services when funding trading accounts. Compared with international bank wire transfers, Ethereum transactions are both far cheaper and far faster.
Fees for making transactions on the Ethereum network are generally very low, regardless of the amount sent. However, some ECN brokers or crypto payment processors may charge separate fees on top of the network fees that the user needs to pay. You should therefore carefully check the terms of your chosen broker before opting to fund your trading account with Ethereum.