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.
| Broker | Regulation | Specifications |
|---|---|---|
| RoboForex |
|
Since:
2009
Min Deposit:$50
Max Leverage:1 : 400
Rating:
|
| eToro |
|
Since:
2007
Min Deposit:$200
Max Leverage:1 : 400
Rating:
|
| Markets4you |
|
Since:
2007
Min Deposit:$0
Max Leverage:1 : 1000
Rating:
|
| BDSwiss |
|
Since:
2012
Min Deposit:$10
Max Leverage:1 : 2000
Rating:
|
| Tickmill |
|
Since:
2014
Min Deposit:$100
Max Leverage:1 : 500
Rating:
|
| easyMarkets |
|
Since:
2001
Min Deposit:$25
Max Leverage:1 : 400
Rating:
|
| DeltaStock |
|
Since:
1998
Min Deposit:$100
Max Leverage:1 : 200
|
| Forex.com |
|
Since:
1999
Min Deposit:$250
Max Leverage:1 : 200
Rating:
|
| Trade360 |
|
Since:
2013
Min Deposit:$500
Max Leverage:1 : 200
|
| ActivTrades |
|
Since:
2001
Min Deposit:$10
Max Leverage:1 : 400
Rating:
|
| Plus500 |
|
Since:
2008
Min Deposit:$100
Max Leverage:1 : 300
Rating:
|
| AGEA |
Since:
2005
Min Deposit:$1
Max Leverage:1 : 500
Rating:
|
|
| NSFX |
|
Since:
2011
Min Deposit:$300
Max Leverage:1 : 50
|
| Alvexo |
|
Since:
2014
Min Deposit:$500
Max Leverage:1 : 400
|
| TFI Markets |
|
Since:
1999
Min Deposit:$50
Max Leverage:1 : 500
|
| Abshire-Smith |
|
Since:
2011
Min Deposit:$500
Max Leverage:1 : 200
|
| Core Spreads |
|
Since:
2014
Min Deposit:$1
Max Leverage:1 : 240
|
| ForexCT |
Since:
2006
Min Deposit:$500
Max Leverage:1 : 400
|
Firstly, you can start by trading with a small amount to test the broker.
While doing so, pay attention to the trading execution and monitor your progress regularly.
After that, try withdrawing your money.
If the broker takes a long time to process your request or even refuses to let you withdraw, then you might have run into a scam.
Continue Reading at How to Ensure Your Broker is Trustworthy
How to choose the right broker for scalping?
Here are some factors that determine a broker's quality for scalping.
- Low spread: The spread will bring a very significant impact as scalpers could trade multiple positions during a short period of time.
- Complete trading tools: Scalpers are always more focused on the action and reaction pattern of the price movement from time to time. Therefore, they need a complete and qualified technical analysis feature.
- Allow scalping: Scalping can be restricted or not allowed in some brokers, so it's important to make sure that your broker has no certain conditions on the strategy.
Continue Reading at The Secrets of Successful Scalping Strategy
Why is customer service considered a benchmark for a good broker?
Scam brokers never truly care about their clients because their aim is only to attract as many clients as possible, steal their fortune, and get away with their crimes.
Thus, you need to check the broker's reliability by testing their customer service. You can simply ask them a few questions before registering and see how they respond. If they take too long to answer or are unhelpful, you might want to move to another broker.
Continue Reading at How to Ensure Your Broker is Trustworthy
Why are strict brokers safer than those that are not?
Brokers that loosen their requirements are much more exposed to fraud than those that do not.
Many clients have been complaining about the long safety procedure and identity verification, which can take at least a few business days to complete.
If the company keeps requiring clients to double-check their login details, verifying their identities multiple times, and confirming their intentions, people can easily back away and this means lower revenue.
Most companies wouldn't take such a risk in this dire economic situation, as customers are their sole source of income.
In the cost of satisfying their customers, brokers must face the risk of fraud. By lowering their security measures, they are practically exposing their vulnerabilities to the public. And in reality, one fraudster can cause greater harm than 100 legitimate customers can cause good.
Continue Reading at Fraud Trends that Brokers Should Watch for in 2023
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