which broker type is the best?
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?
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.
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.
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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.
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Membro desde: 21/04/2011
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.
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.
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