ECN/STP Brokers
ECN broker helps their client to be straight connected to the ECN market's participants, including banks, hedge funds, brokers, even traders. ECN's clients are also possible to see the DOM (Depth of Market) from other participants. However, this broker usually asks their clients to pay off a large amount of deposit and commission. A list below will show you some ECN brokers to be considered.
Additional FAQ
How to find brokers that support Neteller?
Here are some helpful tips to find out a forex broker that accepts Neteller payment:
- Check the payment method page or the section that explicitly explains the deposit and withdrawal methods.
- If a broker provides Neteller as the payment method, it will show the service's logo on the main page (usually near the footer area). You can also check the FAQ section about funding, deposit, withdrawal, and payment methods.
- Check the Exclusive Offers page. Brokers accepting Neteller usually display some information about offers on certain platforms that are supported.
Continue Reading at Using Neteller for Forex Trading
What are dealing desk brokers?
Dealing desk brokers are financial intermediaries that facilitate trades by taking the opposite side of their clients' positions. They often profit from the spread between the buying and selling prices they offer to traders.
Continue Reading at Are Market Maker Brokers Always Bad?
Why do some brokers offer extremely high leverage?
Forex brokers, especially market makers are typically aware that most newbies are inexperienced, and there's a high chance that they're going to misuse the leverage. Thus, they usually offer high leverage to attract new clients.
In other words, many market makers are using high leverage as a part of their marketing offers. They'd invite you to take a lot of risks, knowing that it's not a good move to do especially if you're starting.
Continue Reading at 5 Signs Your Broker Trades Against You
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
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