Does anyone know the differences between NDD ECN AND STP?
NDD and ECN different charts? 6 replies
Ibfx fxdd fxcm ndd stp? 1 reply
DislikedSTP - what you click is what you get
ECN - money moves into the real interbank market, not an artificial one created by the brokerIgnored
DislikedNDD (No Deal Desk)
Some scrupulous brokers employ a team of "dealers" who periodically checks your closed trades. If they find you were making good profit, they will declare those trades "No Deal", thus the name "No Deal Desk".
BTW you forgot another type of Brokers
LOL (Laugh Out Loud)
This type of broker is related to NDD brokers if not the same. They monitor your account and if they find you were losing money, they will LOL at you.Ignored
Dislikedcould you give examples?
thanks in advanceIgnored
A good example is FXOpen!
All trades are executed automatically on their server.
If you made money, they will periodically remove the trades claiming either you were scalping too aggressively, you got a wrong quote, trading on spikes etc. But if you lose money doing the same thing, they will LOL at you claiming those trades are legit. I know someone losing huge amount of money here!Ignored