Nick Cristofaro
How does FBS broker work?
Mark Barrett
Nick Cristofaro: FBS is non-dealing desk type (STP/ECN) so client's order will be brought to the liquidity provider. All accounts at FBS use “Market Execution” so that all orders are executed according to the values in the international Forex market and requotes are not possible. All orders at FBS are executed using NDD (Non-Dealing Desk) or STP (Straight Through Processing) technology, hence all orders go directly to the system. When an FBS client places a buy order on the metatrader trading platform, the system will attack those long positions with short positions from the FBS liquidity provider. This process happens very quickly, likely under 1 second.