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Market Maker Brokers

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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.

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We have made a list of the best forex brokers in Nigeria:

  1. IC Markets: Best for commission trading.
  2. FXTM: Regulated forex broker with various educational events.
  3. HF Markets: Popular broker with attractive bonus programs.
  4. OctaFX: Best broker for easy deposit and withdrawal.
  5. XM: Best broker with low spreads.
  6. Exness: Great for professional traders.
  7. AvaTrade: Multi-regulated forex broker.
  8. FP Markets: Suitable for advanced traders.
  9. FBS: Popular broker with diverse trading instruments.

Continue Reading at Best Forex Brokers in Nigeria

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

Of course. Here are some of them:

  1. IC Markets
  2. Admirals
  3. FXOpen
  4. InstaForex
  5. OANDA 
  6. eToro
  7. ThinkMarkets

Continue Reading at All You Need to Know About One Click Trading

Here are some factors that determine a broker's quality for scalping.

  1. Low spread: The spread will bring a very significant impact as scalpers could trade multiple positions during a short period of time.
  2. 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. 
  3. 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


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