Forex NDD (No Dealing Desk) Brokers List
BrokerGuru February 11,
Forex brokers: ECN vs STP vs NDD vs DD
What sort of qualities should you be looking for? With an ECN broker you can be sure of fixed commission fees, and tighter spreads. Whereas a market maker will always take the opposite site of your trade. Other qualities worth considering are trade execution and liquidity. Preferably you want a broker that guarantees seamless and instant order execution, all at the best possible price. This time, however, our advice is to read them very carefully, as each individual broker will have their own set of rules, services, and prices.
The connection between ECN and foreign currency trading is really rather recent. At the time this was pretty unique because it enabled buy-side FX market participants to be price makers as well as price takers. All provide access to an electronic trading network, which are supplied with streaming quotes from top tier banks across the globe.
The engines that match prices are able to perform checks and match orders in milliseconds. If the one feed goes down then all go down, yet if they were truly connected to multiple banks directly then if one failed then all that would happen is that spreads would widen, yet the feed would survive. With a single liquidity provider such as ours then ALL orders are routed to our bank who have quoted us the Best Bid Best Ask from all of the contributing banks that they deal with.
Any order is then routed to the ultimate quoting bank for filling. That may actually be our prime bank as they are a market participant too, but only if they are the Best Bid Best Ask at the time. The order is then filled and routed back to the prime bank who routes it back to us.
Your trade consumes margin at our prime bank and in turn their account consumes margin at the ultimate quoting bank. If you were to then close your order that order is also executed at the Best Bid Best Ask price which may not be the same bank that took the first part of your order.
You don't care as your order is closed, we don't care because our prime bank has taken care of that for us. Our prime doesn't care because they too are flat by merit of having two positions of equal and opposite size at two of their contributors. The prime bank acts in an aggregating manner and settles their accounts with each of their contributing banks on a daily basis. Now you can see why my statement earlier that a single bridge that has multiple independent bank feeds is so hard to execute.
The margin has to be dealt with so that multiple deposits aren't necessary and then the aggregation has to be dealt with. You may be flat but the broker could have two positions open. Very very tough to execute successfully and thus why it doesn't truly exist in the MT4 world. Thanks Gary, it's the clearest and most detailed answer I've ever received! IT would be very helpful if you stated whether or not NDD STP brokers charge a commission or not so just add a little to the spread for their profit - if no commission.
What I want to say eventually is that we don't need to worry about ECNs, but we do have to have more information on STPs and their liquidity. According our GBT point Once you have placed the order and the server accepts it, once the price reaches your order it will usually be triggered.
If what you are saying is that the spread gets widened in the time before you place your order, then you may consider placing the orders BEFORE the spread is likely to widen. In other words, and without knowing how your news feed is triggering signals you could possibly advance the time of the signal, or get the EA coded to behave differently.
If all the EA is doing is receiving a standard news feed and then placing bets around each news item, then it should be pretty simple to change. Hi I hope I can explain this in an understandable way I am trying a EA that trades the news releases it opens 2 pending orders 1 sell 1 buy 3 or 4 seconds before news release then waits for the spike either way the problem is the broker I am using Alpari widens the spread, just before release, so much that I am getting error each time, which means that the price is too far away from entry.
Does anyone know of a broker that offers fixed entry spreads on news regards Dennis. This happens because the terms of the Prime Broker Forex do not permit transactions below a certain level. For all standard accounts, the STP technology applies through a bridge connecting with the provider of liquidity.
All transactions that exceed 0. With each transaction, RoboForex gets a portion of the spread. Then you look at trading conditions: Welcome to experience the Broker Search on a whole new level! With market execution it is STP, no matter what spreads. Please correct me if I'm wrong. How can one get a true ECN broker?
Has anyone experienced any? Hello, we don't have such references or information, I'm very sorry. Tryer Which is the better,instant execution or market execution? I'll be glad to discuss. Hi guys, I want to share one very detailed answer about liquidity and bridges from TheCollectiveFx, which I think might be useful for traders like me who likes to ask many questions. If I've confused the matter then I apologise.
What about MB Trading. How many liquidity providers do they have? This is only about "Pro-ECN" acc for and spread is low ,see seriously. Hi Akram, You read the Client Agreement first, where it can be mentioned.
What code is in the image? How to choose a Forex broker? How to become a Forex broker? Introducing broker vs White Label? Margin calls vs Stop out levels?
Market vs Instant execution? New Poll How many brokers have you changed during the 1st year of Live trading?:. I stayed with my first broker. Top 10 Forex brokers Alexa. Who's online There are currently 10 guests online. Basics Forex vs Binary Options - 2. Order execution type Number of liquidity providers spreads The list of STP brokers and trading conditions: Sun Hung Kai Forex. A summary - conditions comparison - for all STP brokers:.
Forex Tamil is he scam fund manager? Looks like he makes more money in www. How it is possible? Let find out The secret behind is Forex Tamil and Even Forex broker both are friends more over even forex broker marketing head and Mr. Forex Tamil trade will tell to the Even Forex broker to manipulate it. At the end of the day i. Some trades you can see less losses and more profit What is the befit for Mr. Is there any else? Because of the profitable trade history will advertise or post it in social media such as Facebook to cover online training and some time will work as fund manager..
How much he cost for online training? In the mt4 manger he can identify whether any client view his account? All new "traders" please read what trader at 27 september wrote!
You will do yourselves a BIG favor! ALL, and once again ,ALL "brokers" are running bucket shops trying to get to small amount of money from people who need it the most!
You may ask why authorities do not stop this? And legally nobody cannot do a thing, unless some drastic measures are taken. The only thing these cheaters ,sorry, brokers need is to maintain the HYPE around "retail Forex on margin".
Like in a iantic pyramidal game! Sorry to disapoint you guys but take your Money and run,dont look back,run faster,keep on running It would be interested to develop on what retail brokers are also able to do when a individual trader is making profit.
I am surprised when I read that STP brokers "don't trade against their clients" and "are also interested to see their clients trading profitable, so that a broker can continue earning on spreads. I traded with a well known retail broker that is known for its variable but tight spreads. Several months of learning FX, MetaTrader and MQL, and several months more of testing a complex automated system on a test account, until I opened a Live account and fired the stuff.
From there, things started to change, with constant losses. Far less market data received, far less trades accepted right away, higher spreads than usual. After analyzing the whole story in particular comparing with the entire same system run in parallel on a test account, opening a live account with other brokers , I can only say that the vast majority of these brokers do marketing and not FX trading.
They are more interested in finding new customers and making them use their whole margin in as many trades as possible, rather than helping them to stay and develop their trading skills. I am now switching to ECN ones, that's for sure! Yes, ECN brokers can offer 0. Markets makers and DMA are not the same. Welcome to experience the Broker Search on a whole new level! ThinkForex rebranded recently to ThinkMarkets. Cyprus - offshore - easy to register, inexpensive too. Why so many brokers are registered in Cyprus??
We'll be gathering information about this broker to include in the listing. Never trade with trade12 brokers I would like to know which broker is the best. What is the minimum amount pips to make a profit? How it differs from ECN? Ninja Trader is a trading platform, not a broker. ECN is the best. ECN or DD or stp or any. Which broker is best. Which broker is the best. Ecn or stp or dd or which one. How to list our company in above said list?
Does Anyone know how is Oanda? Any broker that allows arbitrage. Thank you Simon for your answer. I tried their demo looks very fast and the spread are so tight.