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True ECN/STP Broker

  • #1
  • First Post: Jul 19, 2016 6:20am Jul 19, 2016 6:20am
hi every one
how i can know if this broker True ECN/STP Broker all of them say yes we are but must of all have dealing desk is there any way to know this is true or not
thamks
  • #2
  • Jul 19, 2016 7:27am Jul 19, 2016 7:27am
You could like FXMTF which is an introducing broker for LMAX. Opening an account through FXMTF is cheaper and more convenable.
Money moves the market, not an indicator.
  • #4
  • Jul 19, 2016 11:01pm Jul 19, 2016 11:01pm
Quoting lambertwon
Hidden
1 post. 1 dodgy broker fanboy post written in broken English.

Killing it.
  • #5
  • Jul 21, 2016 5:46am Jul 21, 2016 5:46am
that was a good one LOL there is no avoiding it. i have a feeling we wont seem him any time soon..
  • #6
  • Jul 23, 2016 6:22am Jul 23, 2016 6:22am
Quoting hsoltan59
hi every one how i can know if this broker True ECN/STP Broker all of them say yes we are but must of all have dealing desk is there any way to know this is true or not thamks
I have heard very little about it and i hate this dealing desk part.. not sure how can we spot any broker running a dealing desk in the back ground.
  • #7
  • Jul 25, 2016 8:14am Jul 25, 2016 8:14am
Quoting hsoltan59
hi every one how i can know if this broker True ECN/STP Broker all of them say yes we are but must of all have dealing desk is there any way to know this is true or not thamks
Check their legal documents. Good brokers state they are market makers or not. If a broker is market maker on certain OTC instruments you will have conflict of interest with them as they basically will be execution Venue for your orders.
For example my broker is MM and it clearly states that in their ToS https://static.hotforex.com/assets/c...ion_Policy.pdf (see clause 6)
  • #8
  • Last Post: Feb 17, 2017 2:54am Feb 17, 2017 2:54am
Yes, many of the ECN/STP brokers will say that they are pure ECN and offer direct liquidity from their LP’s. However, if you are not sure that they are purely ECN, I would recommend you to start researching about the broker. You need to check with the broker’s reviews placed online. Also, you can check for the broker’s regulation which explains that the broker is secured or not.
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