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which broker type is the best?

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Apr 14, 2012 02:38 pm
#1

Postagens: 74
Membro desde: 07/04/2012

there are different kind of brokers.

brokers with dealing desk

broker with fixed spread

STP  brokers

ECN brokers.

which broker type is the best one for manual traders.?what are the adventages and disadventages of them?

May 08, 2012 02:47 pm
mrinalini User

Postagens: 177
Membro desde: 12/04/2012

ECN brokers I think are the best as they are the liuidity providers and they directly approve the trades. In other kind of brokers the trade is passed by broker to the liuidity provider and then they approve the trade at a given price and tell to broker. It is a long process.

May 14, 2012 05:42 pm
Sasha User

Postagens: 836
Membro desde: 16/05/2011

There is not much difference in ECN and STP. Usually STP brokers are also ECN. But if we rank then ECN will be on top.

May 20, 2012 03:15 am
Jogi User

Postagens: 685
Membro desde: 06/06/2011

I dont think anyone will like Dealing-Desk brokers. Both STP and ECN are NDD type of brokers. So in terms of transparency and execution, there is no difference between STP and ECN broker.

STP brokers transfer orders from traders directly to banks (liquidity providers).
ECN brokers provide a competitive platform for all types of traders i.e banks, individual traders and market makers. So an ECN broker is able to, and must, show the true depth of market.

http://www.fxstat.com/widget/link?t=wide&c=1&s=26883&o1=growth&o2=drawdown&o3=monthly&o4=equity

May 23, 2012 02:26 am
illiterate User

Postagens: 561
Membro desde: 21/04/2011

Dealing Desk brokers are the best. No requotes, no slippage etc.

No dealing desk brokers earn only if a trader looses. So to remain in business, they can take some "hidden" steps which will decrease profitability or increase losses of a trader. 

https://www.fxstat.com/widget/link?t=medium&c=1&s=25892&o1=growth&o2=drawdown&o3=monthly&o4=equity

May 23, 2012 05:51 pm
CFXsignals User

Postagens: 359
Membro desde: 21/05/2012

If you are a small trader then something like a spreadbet firm is the best - small spreads, instant execution, and most importantly tax free (if UK resident) which offsets any stop hunts that may take place.  Otherwise something like an ECN broker if you are a large trader and need to move large volumes.  Anything in between is inferior imo, but can be used.

Jun 14, 2012 11:39 am

Postagens: 66
Membro desde: 08/06/2012

Fixed spread 

No dealing desk 

ECN 

These are the thing that every trader look is a broker and nearl all of brokers are offring these, Now many traders are moving toward ECN because there they can see the market order and can decide more accurately and this help them in their analysis prepration also.

Game is not over Till it's Over

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