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Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 46 replies

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Attachments: True ECN/STP Broker recommendations
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True ECN/STP Broker recommendations

Quoting adelzadeh
Largest Forex Brokers by Volume in 2016 http://fairreporters.net/economy/lar...olume-in-2015/
Interesting is it independent source that gathers information about volume traded, or sources are brokers themselves?
Hello guys i see this thread hasnt been active for some time, was wondering what do you think about FxPro or LCG broker dose anyone have experience with them as far as i can see they good regulated and reputable brokers, any input would help
FXOpen?
Hi
Does anyone trade for a long time with the benchmarkfx.co.uk broker? What impressions in general?
thx
Quoting Icycool
Hidden
Global Prime is a very good one from what I hear.
at the moment I trade in icmarkets. It's okay for now. The only thing that does not like is that they do not freeze trade from 23:55 to 00:10 hours (at which time the spread can expand significantly)
FXpro is good, I have not experience platform freezing during news time but they will charge both commissions and spread especially in their ctrader's platform
Turnkeyforex is a good broker. Low comm $2 rt, 200x lev, trading conditions genuine, no spread widening or sl hunting experienced so far.
Quoting Master-Mind
Global Prime , Pepperstone, +all mentioned brokers here with out any expetion are pure and mere market makers.
Global Prime is not MM.
Quoting sutivserv
Please can anybody recommend any true ECN/STP brokers that have the following attributes: 1. Maximum leverage of 100:1 2. Minimum lot size of 0.1 3. No stop loss hunting 4. No markup on spread 5. Low commission 6. No slippage 7. No re-quoting 8. Low swap
No one can guarantee you that the broker will not hunt your S/L.
If in 2019 anyone still thinks that it's your broker who hunts your stop, you need to look for a different hobby.
Brokers don't hunt your stop, brokers hedge long and short against clients positions. They have to otherwise they would be out of business before the sun comes up.
And why is everybody still talking about ECN as if its a business model? It isn't. ECN = Electronic Communications Network, that's it. Your MT4 is an ECN. Your mobile phone is an ECN. The messenger app on your phone is an ECN.

There are very few pure STP brokers. This is because being a pure STP broker is the least profitable business model in this entire business.
A real STP broker is indeed not a Market Maker. However, guess who they Straight Through Process your trades to? To the major LP's. And 9 out of 10 of these LP's are.......? Tadaaaaa Market Makers.

Don't want "Stop Hunting"? Trade the Weekly chart.
Don't want slippage? Trade with Limit orders only.
Don't want Mark up on Spread? Trade with a pure STP broker
Quoting sutivserv
Please can anybody recommend any true ECN/STP brokers that have the following attributes: 1. Maximum leverage of 100:1 2. Minimum lot size of 0.1 3. No stop loss hunting 4. No markup on spread 5. Low commission 6. No slippage 7. No re-quoting 8. Low swap
No slippage is impossible, and swap determined by the liquidity, not broker in case of true STP.
I have a very important question if anyone can help me.
Since the weekend ( vote in UK parliament) can make a spike in GBP upward to 1.35 or downward to 1.15, I want to know whether the pending Buy Stop order or pending sell stop orders will work in weekend? or the brokers does not allow the pending orders to execute during weekend?
Quick response is much appreciated
Rider of BIIIIG Moves!
Quoting dokijoon
I have a very important question if anyone can help me. Since the weekend ( vote in UK parliament) can make a spike in GBP upward to 1.35 or downward to 1.15, I want to know whether the pending Buy Stop order or pending sell stop orders will work in weekend? or the brokers does not allow the pending orders to execute during weekend? Quick response is much appreciated
Pending orders can't be set up on a weekend since the market is closed. Plus since the market is close the chart won't move at all. Best bet is you sit in front of your computer once the market opens on Monday.
i use lmfx but they dont offer that max lot its 60
[quote=Reiziger;12451080]If in 2019 anyone still thinks that it's your broker who hunts your stop
Good Man
Settlement is King
Who ? Where ? and When ? shall remain confidential. Don't like it ?
Who are you ? who are we ?
BTW every note has a number and we know where they are, you can keep it for a while, collect too many and we will come a calling.
Mindset Match
  • Post #180
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  • Edited at 10:25am Nov 28, 2019 9:55am | Edited at 10:25am
I think the only true NDD/non B-book/non MM broker is LMAX; also brokers that can show you the receipt of who has actually taken your trade (counterparty).
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