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ECN brokers list | ECN/STP Forex brokers
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Popular questions:How to choose a Forex broker? New NFA rules:New PollSearch |
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ECN brokers list | ECN/STP Forex brokers
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Popular questions:How to choose a Forex broker? New NFA rules:New PollSearch |
BrokerGuru
January 28, 2010Capital Forex Pro and MB trading: both companies offer ECN trading and are properly regulated.
However, it is difficult to compare them, since MB Trading is a broker of the mass with a low minimum deposit requirement, while Capital Forex Pro is a broker of VIPs (with a minimum deposit of $25k).
I don't know about commission rates at Capital Forex Pro.
It is really difficult to somehow compare these two brokers, I just don't have much information about trading conditions at Capital Forex Pro. I'm sorry.
Regarding thinkorswim broker, I believe it is better to ask the broker about the introduced innovations. I don't have any information so far.
trader
January 29, 2010is MIG an ECN ?
BrokerGuru
January 29, 2010No, MIG remains being a market maker.
trader
January 30, 2010My Broker is FXCM - UK branch... are they market maker? Are they going to take the opposite side of my positions? They said that they have NO DD.... Please reply to me ... I don't know if I’m going to face any problems with money withdrawal.....
Also What about FXsol ..... ? are they a market maker ?
BrokerGuru
January 31, 2010FXCM UK is an STP - there should be no conflict of interests, it is a NDD broker.
FXSol is a market maker.
You will NOT face any problems with any of those reputable brokers.
Whether a broker has a dealing desk or not doesn't in general determine how transparent the company is when it comes to paying out to its profitable clients. When you ask yourself a question about broker's reliability and transparency when it comes to withdrawals, you should be considering the following factors: 1) regulation 2) years of operation in the Forex industry 3) reviews and feedback from other traders
trader
February 2, 2010IBFX is not any more STP brokerage.
BrokerGuru
February 2, 2010Did IBFX say that?
Or where can I see/confirm it? Thank you for your help.
BrokerGuru
February 3, 2010I've researched on the subject and here is the official answer from IBFX:
"The NFA’s definition of a dealing desk is a broker who holds clients' trades. We do hold some trades--mainly the trades for very small lot sizes of about 0.01 lots; and the NFA's definition of "dealing desk" is all or nothing. That said, IBFX is obligated to say that it is a dealing desk in compliance with the NFA's definitions of "dealing desk" and "non-dealing desk."
However, the general public perception of a dealing desk is a broker that sets its prices based on clients' open positions. We do not set prices based on client positions, and we do not trade against our clients."
An IBFX's representative continued:
"I can explain that basically the requests you make to open or close your trades on your platform essentially get confirmed with liquidity providers through IBFX's technology. So the main thing I am trying to emphasize is that IBFX does not trade against our clients and does not interfere with the pricing, but we do have to tell you we are a dealing desk because we hold some trades.
That's also the reason why we cannot say we are a straight-through processor because some trades - the small ones for 0.01 lots- don't go straight through."
trader
February 4, 2010I think is important to know for GCI LTD clients that is no longer regulated by IFSC Belize.
BrokerGuru
February 4, 2010Yes, thank you.
I've confirmed: GCI is relocating to the EU. They will be now under British Virgin Islands laws.
trader
February 4, 2010WOW! this article has light up my mind. bye bye DD
trader
February 5, 2010Hi,broker guru,...dbfx, alpari, ducastcopy. what would you recommend from these three brokers.for real-money trading..thank you..
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