NON DEALING DESK BROKERS

This type of broker did not enter transactions, order the customer continues

directly to the markets, financial institutions, major banks,

ataupunkepada other brokers. Types of Non Dealing Desk brokers

sangatl suitable for professional traders, because

do not manipulate the market, and traders transacting against

the real market and not against the broker. There are

some types of Non Dealing Desk broker, among other things:

URa.ECN Broker. ECN stands for

Electronic Communications Network. Ecn Broker

not only provide one offer buy/sell,

but give the buy/sell offer of some

market maker or ECN at once (called bank

pool). So the trader will get sale price

/buy a better one. Because they were ECN broker able to

offers a very small spread, ranging from

0.5-2 pips. With a very low spreads, ECN

the broker is most interesting when your trading style

scalper. Besides using ECN, you may also

acting as a market maker, in which order You

will get the best deals in selling price/

buy. However, behind this excess, ECN broker always

require a minimum deposit. in

URb.STP brokers (Ihrough Straight ' Processing). Broker

This type connects the customer with other brokers,

usually the large broker (big institutions) or

to several ECN broker. 

URc.DMA Broker (Direct Market Access). Broker type

similar to the ECN, but the difference between DMA brokers bound

the contract with a particular institution. Usually

the spread offered smaller of ECN.