Forex currency trading forum.

We welcome you to the Forex forum, a networking community where you can discuss anything related to Forex. Whether you need information of Forex Brokers, Forex Software, Forex robots or other Currency Exchange services, we hope to help you make more pips!

Send money worldwide for € 0.50

Sponsored links

Latest topics

» What is spot transaction?
Today at 1:42 pm by Faf Plesis

» With Trade12
Today at 4:15 am by Faf Plesis

» Fort Financial Services-www.fortfs.com
Yesterday at 9:07 am by ValdisFFS

» Which trading process?
Yesterday at 4:31 am by Faf Plesis

» There are many traders who trade forex and more than thousands of brokers
Mon Jun 18, 2018 11:46 pm by Eric Weller

» The broker helps a trader to manage
Mon Jun 18, 2018 11:31 pm by Eric Weller

» The complicated platform
Mon Jun 18, 2018 4:48 am by Faf Plesis

» short-term traders are scalpers
Sat Jun 16, 2018 12:08 am by Eric Weller

» Forex trading is about knowledge and practice
Fri Jun 15, 2018 11:51 pm by Eric Weller

Forex Search engine

Custom Search

Who is online?

In total there is 1 user online :: 0 Registered, 0 Hidden and 1 Guest

None


[ View the whole list ]


Most users ever online was 74 on Wed Nov 23, 2016 10:47 pm


    Types of brokers

    Share

    Faf Plesis

    Posts : 298
    Join date : 2017-03-19

    Types of brokers

    Post  Faf Plesis on Tue Mar 20, 2018 3:51 pm

    Broker is of several types. Three types of broker are conventional including ECN, STP and Market maker are available in retail market place. I am using an ECN broker which stands for Electronic Communication Network, really is the way of the future for the Foreign Exchange Markets. ECN can best be described as a bridge linking smaller market participants with its liquidity providers through a Forex ECN Broker. Trade12 is a regulated ECN broker with whom I have high security of funding, smart bridge technology and low trading spread.


    Eric Weller

    Posts : 270
    Join date : 2017-05-02

    Re: Types of brokers

    Post  Eric Weller on Sun Mar 25, 2018 6:13 pm

    Brokers acts as the mediate between the forex trader and market. However; this entity is trying to work as an intermediary so that its customers getting the common platform to engage in profitable trading always. And for the versatile customer needs various sorts of brokers are here. Such as as a scalper: I am working as a micro trader and scalper. For this reason; I have selected a non dealing desk broker AAFX since it is providing me lowest zero spread; 1:2000 high leverage; re-quote and slippage free timely trade executions and it charges no commissions.

    Eric Weller

    Posts : 270
    Join date : 2017-05-02

    Re: Types of brokers

    Post  Eric Weller on Mon Mar 26, 2018 4:05 pm

    There are literally two types of broker in this market. One is dealing desk broker and another is no dealing desk broker. Dealing desk broker usually known as market maker. They make money from spread and sometimes they take trades against their trader. I trade with no dealing desk as they are more secure to trade with. My broker’s name is AAFX. It has both STP and ECN account.

    Sponsored content

    Re: Types of brokers

    Post  Sponsored content


      Current date/time is Wed Jun 20, 2018 3:00 pm