NFA prefers market makers over ECN/STP brokers?
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 Forex [...]
FXOpen introduces incremental ECN lot trading
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 making [...]
Finally the Brokers Guide explaining what Market Maker, STP and ECN brokers really are: Part 2/2
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:
Finally the Brokers Guide explaining what Market Maker, STP and ECN brokers really are: Part 1/2
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 the [...]
