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A Dealing Desk broker sets both the bid and asks prices on their systems and makes transactions at these prices with their clients. By doing so, the broker acts as the liquidity provider of the market.

This broker type is also sometimes called a B Book broker. To generate income, Dealing Desk brokers would charge spread to their customers. Spread is the difference between the ask and bid price and is often fixed by the market maker.

Usually the spread amount is usually quite reasonable due to tough competition with other market makers.

Continue Reading at 5 Signs Your Broker Trades Against You

The most common and frequently occurring characteristics are:

1. Difficult deposit and withdrawal processes.
2. Sudden and unexpected changes to key features.
3. Poor customer service.
4. Negative reviews.

Continue Reading at Broker Red Flags: Signs You Should Leave Your Broker

There are only about 2% of the total number of all brokers around the world that are fair. They are Direct Market Access ECN/STP (a-book brokers). These brokers will send all of your trades to the interbank market without any conflict of interest.

Continue Reading at Exposing Forex Broker Secrets

Unregulated brokers sometimes mess around with the spreads. They didn't just do this for minor currencies, but sometimes also in major currency trades.

Forex brokers can use many reasons for doing this. They can blame the liquidity provider or a news release for unreasonably widening the spreads.

Continue Reading at 5 Times Forex Brokers Can Be Annoying