The TYPE of BROKER

There are several kinds of types of broker. The difference in this type of broker

a little lot will also determine the advantages and disadvantages

You, and also determine your style in the transaction.

Various types of online forex brokers can be seen from the picture on the

This down. Broadly speaking, the broker can be differentiated into

two, that a broker Dealing Desk and Non Dealing Desk.

BROKER DEALING DESK

Is the broker that forms its own market, with

conditions which they specify themselves. The broker also gained

transaction, as it's often called the broker with the Market

Maker. Usually in this kind of brokers, traders Transact

against the broker, the broker so that the benefit

from the defeat of the customers. When the customer wins, then

proflt is paid from the cash brokers themselves (not pure obtained

from the real market). The risk of choosing a broker type

This is when too many customer wins, rnaka

the brokerage went bankrupt, and kernenangan it could not be paid to the

customer.

We recommend that you avoid the broker with the type like

These. When forced to, use a broker Dealing Desk legal and

listed by the Government as the brokerage firm and has

reputable, to avoid the risk of nonpayment.

Broker Dealing Desk type consists of 2 types:

-Large Dealers

Broker of this type usually has a reputation

good and legally registered as a company

brokers, such as regulated in the NFA, CFTC, FSA, as well as

not located in remote places or not

clear.

-Small or Unregulated Broker Dealer

Broker of this type is often referred to as a Bucket Shop or

Broker five feet. It is usually listed on the small country.

This type of broker have almost no connection the same

Once on the Forex market. This broker is not at all

execute transactions in real terms. Brokers tend to

take a position contrary to the trader, so

in principle the Bucket Shop "bet" with

tradernya. Iadi brokers will be very happy when

tradernya in position. This is the type of broker

the broker that you should avoid, because they

potentially great for manipulating your transactions

or the Act of cheating on its customers on its own.

Now an awful lot of broker type Bucket Shop. Usually

they are targeting customers in developing countries

not very conscientious and aware of security issues. How

detect Brokers Bucket

Shop?

Here are some of the characteristics of this type of broker:

-Normally registered in small countries or countries that are not

It is too well known.

-Not licensed properly regulation

Allow the deposit funds through third parties.

Usually they use virtual money service

through the internet.

-Registration is very easy and usually without

adequate verification.

-There is a limit how or techniques of a certain (usually

scalping is not allowed).

-Greater Leverage than most

-Spread or buy and sell exchange rate differences are small even

close to 0.

-A lot of promo or goal bonus

looking for as many clients. More and more

its customers, means the Bucket Shop broker

easy play money on its customers and to bear

the customer wins. ‘

-There is also a cheating in service,

for example the hard-closing order, the execution of the order

the server is slow, often down, the manipulation of the price of the exchange rate,

removes transaction profit unilaterally with

pretext of unauthorized trading, withdrawal often is stuck

or can not be done, or other ways.

-Often they claim themselves as a Non-broker

Dealing Desk, when in reality it is not.

-Often they cite various award from

the rating agencies or the media as the best broker or

such. Check back the credibility of media or institution

the rating. Usually the institutions it is also not clear, and

even the award was also made or fake.