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I already wrote once about the shady tactics of this company which claims to be a STP while offering fixed spreads. This is an oxymoron. STP brokers will always display variable spreads because their liquidity is coming from several liquidity providers which in turn form a liquidity pool. Pricing in this pool is subject to [...]

Etoro the leading provider of simplified Forex trading solutions just launched it’s own version of a Forex Social Community. I just briefly discussed social communities and networks couple of hours ago discussing fxstreet’s and myfxbook’s collaboration. Etoro’s claim to fame is it’s simplified approach to financial trading which company believes will appeal to the masses. [...]

I published a review of DeltaStock’s new ECN/STP platform and raised a few issues. DeltaStock responded and asked to clarify a few things. Although I have a few reservations regarding some of its comments, specifically regarding MT4 ECNs and liquidity providers, I will publish it as is. In response to your article we would like [...]

Bulgarian based Deltastock, a fairly large broker in East European standards, has just announced that it launched its own ECN/STP service. Although the press release and the website are full of misrepresentations such as “the first true ECN/STP solution for retail clients” and enigmatic statements such as “It must be kept in mind that Deltastock remains [...]

In what seems to be an endless effort of the NFA to kick the Forex industry out of the US, it imposes more and more stringent, and some would say, requirements on the local brokers. Another latest requirement to be announced ties the NFA membership fees to broker’s revenues from forex transaction. NFA Bylaw 1301(e) requires [...]

FXOpen is one of the companies that are most responsible for Metaquotes’ (the company behind Metatrader) success simply because it introduces features that Metatrader should have but it doesn’t. Alpari is another of these companies and occasionally serves as Metaquotes’ beta-site. FXOpen recently introduced the first ever MT4 ECN platform and also added PAMM accounts [...]

Yesterday I talked about Market Making brokers today I’ll discuss STP and ECN brokers. Forex Broker, which is not a Market Maker, is either a Straight Through Processing Broker (STP) or an Electronic Communications Network Broker (ECN). These types of brokers are typically (and sometimes erroneously) called Non Dealing Desk brokers. ECN Brokers:

As I promised last week here goes the hopefully useful explanation about the various types of retail Forex brokers. Ever wanted to understand the difference between a DD, NDD, STP, MM, and ECN? Then this post should answer most of your questions. First of all you need to understand that in this complex Forex world [...]