The Truth About Bucket Shop Broker (forex broker)

2008-12-14T06:46:00.000-08:00

forex broker

You want the truth about forex broker. Go to this link http://waklabor.blogspot.com/. Anda akan terkejut mengenai broker2 yang memberi anda leverage terbesar huhuhu... Rupanya selama ini anda trade dengan broker HARAM....anda seperti berjudi huhuhuhuhu......

http://waklabor.blogspot.com/

forex broker

STP/ECN Forex brokers (forex broker)

2008-12-14T06:32:00.000-08:00

Forex Broker

ECN Forex Brokers

(No Dealing Desk + STP + ECN)

ADM Derivatives Inc
AMIFX - Advanced Markets
ATC brokers
ATG Marketplex
Capital Forex
Dukascopy
Fastbrokersfx
FinOdds
Hotspot FX
Interactive Brokers
LiteForex
MB Trading
Nord Markets
Questrade
TGM - Taurus Global Markets
TradersVoiceFX
STP Forex brokers

(No Dealing Desk + STP)

ACM - Advanced Currency Markets
Crown Forex
FXCH - Foreign Exchange Clearing House
FXCM - Forex Capital Markets
FXDD (Power Trader Platform)
FXLite
GFS Forex & Futures, Inc
Global Forex Now
GNI touch
GTL Trading
IBFX - Interbank FX
MBCFX - Multiple Banks Clearing
Tadawul FX
Varengold Bank FX

Articles from http://www.100forexbrokers.com

Forex Broker

Forex brokers: ECN vs STP vs NDD vs DD (Forex Broker)

2008-12-14T05:43:00.000-08:00

Forex Broker

Image courtesy from http://www.100forexbrokers.com/stp-ecn-brokers

Forex brokers: ECN vs STP vs NDD vs DD

DD — Dealing Desk — Forex brokers that operate trough Dealing Desk, used a fixed spread platform where a desk makes money via spreads and by trading against its clients. A Dealing Desk Forex broker is called a Market Maker - they literally "make the market" for traders: when traders want to sell, they buy from them, when traders want to buy, they sell to them, e.g. they will always take the opposite side of the trade and in this way "create the market". A trader doesn't see the real market quotes, which allows Dealing Desk brokers (Market Makers) manipulate with their quotes where they need to in order to fill the client.

NDD — No Dealing Desk — NDD Forex brokers provide access to the interbank market without passing orders trough the dealing desk. No dealing desk brokers work with their market liquidity providers, primarily banks to get better competitive bid and ask prices. With true No Dealing Desk brokers there are no re-quotes on orders and no order confirmation. This, in particular, allows traders to trade during news time with no restrictions on trading.
An NDD broker can either charge a commission for trading or choose to increase the spread and make trading commission free.
No Dealing Desk brokers are either STP or ECN+STP.

STP — Straight Through Processing — STP Forex brokers send orders directly from clients to the liquidity providers. The more there are banks and liquidity in the system, the better the fills for the clients.
The fact that traders have access to the true market and can execute trades immediately without dealer intervention is what makes the platform STP.

ECN — Electronic Communications Network — ECN Forex brokers additionally allow client orders interact with other clients' orders. ECN Forex broker provides a marketplace where all its participants (banks, market makers and individual traders) trade against each other by sending competing bids and offers into the system. Participants interact inside the system and get the best offers for their trades available at that time. All trading orders are matched between counter parties in real time. Often a small fee is applied.
Sometimes STP brokers are discussed as if they were ECN brokers. To be a true ECN, a broker must let clients show their own order size in the system and allow other clients to hit those orders. With ECN broker traders can see where the liquidity is and execute trades.

Among the main reason why traders look for NDD brokers is transparency, better and faster fills and anonymity.

Transparency means that a trader enters a true market instead of the market being artificially created for him.
Better fills are a result of the direct and competitive market bids and offers.
Anonymity means that there is no Dealing Desk watching who has come to the market and is asking for an order to be filled, instead client orders are executed automatically, immediately through the market network and totally anonymously.

On the opposite side is a Dealing Desk broker, who is able to profile their clients. In the worst case scenario, such broker can split clients into groups and put less successful ones on auto-execution and trade against them because on average they will lose, while clients that show signs of successful trading will be put on "slow-down" mode and can be provided with frequent re-quotes, slippage and/or slower execution especially during fast moving markets while a broker tries to offset own risks. The transparency of a Dealing Desk broker depends on the rules inside the company.

Forex Brokers aren't bad on general, whether a Dealing or Non-Dealing Desk, they aren't there to be against any particular trader. They look to make business, not just work for traders in terms of cooperation in the market environment. Many large Forex brokers who have lots of clients tend to try to help their clients become profitable as much as they can, but once a trading order is placed, its everyone for themselves.

Articles from http://www.100forexbrokers.com/stp-ecn-brokers

Forex Broker

All Thing About Forex Brokers

The Truth About Bucket Shop Broker (forex broker)

STP/ECN Forex brokers (forex broker)

Forex brokers: ECN vs STP vs NDD vs DD (Forex Broker)