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Forex brokers are broadly categorized as Dealing Desk (DD) and No Dealing Desk (NDD) Brokers. Dealing Desk brokers are also known as Market Makers (MM) while No Dealing Desk are further categorized as Straight through Processing - STP brokers and Electronic Communication Network - ECN brokers. However, what FX brokers usually do not tell you is that there is one more type - a hybrid broker. Read more right here about types and true comparison of forex brokers!
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In financial markets there are a lot of different brokerages with very different approaches to working with their clients. Forex traders think that their trading is the most important factor of their success (especially their trading strategy). However, they completely forget that it is the choice of their broker that decides if they will be able to make a profit or even be allowed to withdraw their profits. Explore what forex brokers never want you to know right here!
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The choice of the right broker is a far more complex issue than it may seem at first glance. Most traders are clued about the online trading from brokers’ advertising campaigns (especially sales phone calls) or from their partners (so-called Introducing Brokers). But are you sure that you’re trading with the right broker and that the broker does fair business with you? The choice of a broker is actually extremely important. Explore here the truth about Forex Brokers!
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