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ECN Forex Brokers

(No Dealing Desk + STP + ECN)

ECN broker ECN trading available for:
ADM Derivatives Inc All accounts

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Broker discussion area

BrokerGuru

February 23, 2009

trader

February 27, 2009

I just filled out an application for an account with interbank fx. I had to read a paragraph and check off that I read it. That paragraph stated that they will be taking the opposite side of my trades and that they may delay processing of my trade while some department examines it. Also they may give me quotes different than some of their other customers. Sure sounds like a dealing desk and not an STP as you have listed.

BrokerGuru

February 27, 2009

Let me quote them:
"...IBFX’s unique platform enables both retail and institutional customers alike to trade forex without the hidden obstacles or potential conflicts of interest of a dealing desk broker. Because IBFX currency prices are derived from its financial institution liquidity providers, its price feed most accurately reflects the natural movements of the interbank FX market. In addition, IBFX trading profits are generated exclusively on its markup to institutional prices, and never from a dealing desk trading against customer positions." (http://www.ibfx.com/company/newsmedia/pressrelease/2008/08_02.aspx)

They'll take the quotes from the interbank and then based on that make their own markups and quote you a spread. This is a hybrid model of an STP, you won't see a real interbank dealing rates, since you'll be trading on quotes form IBFX, but they won't trade against you using a dealing desk.

trader

March 1, 2009

FACTS:
1- Dealing desk can be either way:
a) A life person behind a desk OR
b) A lograthmic program that trade against you in the broker favor .

2- Trading Future currency is regulated and no one can play with his tail

3- Forex Options is regulated and it is automated or as known ECN.

4-Do not mixed between platform and action of broker. MT4 is platform it is not broker. It is used by broker.

5- If Brokers tell you they do not have dealing desk . They are lyiers.

6- www.NFA.org Now have list of the broker that have colateral of $20 Million in order to be listed with them.

Thank you for this web site A +++

trader

March 7, 2009

Any information about NordMarkets? Are they able to provide true ECN? How is their reputation and reliability?

BrokerGuru

March 8, 2009

I have no additional info on this broker.

Greg

March 12, 2009

Thanks a million times for your wonderful and illuminating website. Please, is 200usd or 1000usd the minimum deposit for opening a/c with mbcfx, on thier web page they keep flashing 200usd while 1000usd is fixedly written below, it is confusing. With regard to scalping has anyone experience with: mbcfx, nord market, ava fx, avs carter, and ecn markets.
thanks, from greg, 12 march 2009.


BrokerGuru

March 14, 2009

Hi Greg,
MBCFX minimum deposit is $200 on MBCFX Advanced; and $1000 on MBCFX Mt4. MBCFX has different platforms and multi prime brokers.


Lin Ronald El Salvador

March 15, 2009

Hi,
I was waiting for your response on Broco.
Thank you,
Lin Ronald El Salvador

BrokerGuru

March 15, 2009

Broco has ECN as well as dealing desk accounts.

trader

March 19, 2009

what about maketiva?

BrokerGuru

March 19, 2009

Marketiva is a market maker too.
Quote:
"Marketiva provides over-the-counter market making services in Forex, Funds, Indexes and Commodities."



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