Market Maker Brokers
Market Maker Broker (Dealing Desk) is a broker that creates market and currency rates for the clients by themselves. This DD broker usually offers high leverage up to 1:1000, swap-free, low spread (fixed spread is also possible), various attractive bonuses, even convenient deposit and withdrawal method by the third party.
Somehow, you should choose DD broker which has been regulated by such NFA/CFTC US, FCA UK, or ASIC Australia. A list below will show you some brokers categorized as Dealing Desk or Market Maker Brokers:lities might be included as additional considerations. Every trader's standard for those parameters can be different from each other.
Additional FAQ
Offshore brokers refer to brokers who are established in countries other than your country of residence. Most commonly, it is referred to brokers who are located in areas away from mainlands such as in islands and other small, secluded countries. Saint Vincent and Grenadines is one of the popular places for offshore brokers to build their companies.
In theory, they are just like any other broker. They provide their services by acting as a middleman between you and the financial asset you wish you trade with. They offer you their services for a certain amount of spread or commission which varies by the asset being traded. However, with rewards also comes a reasonable amount of risk.
Continue Reading at Trading in an Offshore Broker: Pros and Cons
How to prove that the broker is problematic?
There are several ways you can determine whether a broker is problematic or not. After all, there are some conditions that may not be the broker's fault. Here are the ways you can do:
- Determine the problem first. Is it really the broker's fault, or are there other factors involved?
- Make sure you have followed the rules. If you did, but still encounter issues, then it might be the broker that is the cause.
- Ask the broker's customer support, with some proofs.
- Consult with other traders.
If it's proven that the broker is the root of the problem, take immediate action and look for another reliable broker.
Continue Reading at How to Deal with Problematic Brokers in 6 Easy Steps
How can affiliates help in growing a brokerage business?
Affiliates can play a crucial role in growing a brokerage business by promoting the broker's services to a wider audience. To incentivize affiliates, brokerages offer proper commissions and provide them with the tools and resources to market the services effectively.
Continue Reading at What You Need to Know Before Starting Your Own Brokerage
Are forex brokers with multiple licenses more trustworthy?
Forex brokers with multiple licenses may be more capable than forex brokers with a single license. But multiple licenses do not guarantee trustworthiness. The best option is to register with a trusted forex broker officially licensed in your own country.
Moreover, not all forex brokers with multiple licenses can be ranked equally. ABC broker that holds only two licenses from the UK and Australia may have more credibility than its rival that holds five licenses from offshore authorities. See the examples below.
Continue Reading at Guide to Forex Brokers with Multiple License
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