7.1 The Client understands and acknowledges that the Company will enter into transactions with the client as principal (counterparty) not as an agent and where the client holds an STP-ECN account the Company will nonetheless act on behalf of the Client in the capacity of agent for all STP-ECN Client Account Transactions. The Company will be the contractual counterparty to the Client.

7.5 The Company reserves the right at its own discretion, without the Client’s consent, due to risk management policies to transfer the Client’s execution to STP/ECN execution when the Client’s trading strategy, exposes the Company to greater risk than the Company can tolerate.

13.3 The Company reserves the right to modify the spread and the client may experience widened spreads and execution at the best available price under certain market conditions (for example, fundamental announcements, where there is a fast moving market or low liquidity).

13.4 The client who opens an STP-ECN account acknowledges that in case the Company transmits the client’s order to the Liquidity Provider(s) for execution, the order may be executed against the Liquidity Provider(s) or executed within the ECN of the Liquidity Provider(s).

The Company may charge mark-up or mark-down... The Company may alternatively agree to charge a commission or a combination of commission and mark-up or mark-down.

FXGiants offers no slippage as well as no re-quote policy with the opportunity to receive price improvements on pending orders.

What is the difference between STP/ECN and Real accounts?
Real accounts have instant execution that involves using requotes, while STP/ECN accounts have market execution with no requotes. Moreover, there is a difference in spreads because of the different liquidity providers.