Traders way ecn broker
I studied and practiced for quite awhile and as soon as I went live those MM make sure to go against your trade-they along with the big banks make the money. This is something I received from an obviously disgruntled now ex-forex trader. I think you can figure out where I stand on the subject. The primary argument folks who call forex a scam put forward is that fact that forex brokers take the other side of your position in their market making actions. They thus conclude that said brokers are trading against you.
First of all, not all forex brokers are market makers. Some are ECN s. They simply pass your orders through into the market like a stock market broker does. They make their money from commissions instead. Oh, and by the way, not all stock market transactions are straight pass throughs to the exchange either.
Some brokers act as market makers in certain stocks. If you trade those stocks through them they are doing the exact same thing as the non-ECN forex brokers do. Further, the whole basis of the interbank market — and all OTC markets — is transactions between buyers and sellers and market makers.
In interbank forex, the banks are the market makers, both with and amongst each other and with the funds and companies that are their customers. On top of that, there are market makers in all markets. They are the ones who provide steady liquidity. They do that by always being ready to provide a quote and take the other side of a trade. Without them the markets would operate much less smoothly.
As a rule, market makers in all markets look simply to make the spread over and over and over again. Forex brokers who act as market makers operate in basically the same fashion. I truly enjoyed writing it and tweaking this article to be as beneficial as possible!
May you benefit greatly from it! In Forex, it is the same principle. It is just whether your broker trades against you, or they pass your trades on to the liquidity providers.
They match orders via B book because it is cheaper. No other broker has this I believe. Pepperstone has a licence to make markets i. It is written in the fine print of their legal agreements when you open an account with them. So best to use only the three brokers mentioned by you which only run an A book right?
Yes that is correct, A book is the best. Such as give asymetric slippage means give negative slippage, but keep all the positive ones to themselves , or intentionally delay your trades using virtual dealer plugin. Well they introduced CFDs and Binaries now. And lower acc mins for DukasEurope. I am not sure about magnatis finance as I have not heard of them before. I think it would be better if you go with brokers who do not have a licence to B book such as Sensus Capital.
ECN brokers is very likely to use B-book techniques as their device allows them to do that.. That is not exactly true. How to avoid or minimize slippage in Forex trading Abundance Trading Group. Hi Linton, what are these like in terms of being A or B book? The last three are from New Zealand. I understand that stoploss and take profit EA can be used to hide your stoploss and take profit target from price manipulation from B book broker. How does it work, can you elaborate on this. By the way, all the brokers on our website do not engage in price manipulation.
A book Global Prime: A book FxOpen AU: Forex Books Trading forexsoft. Books On Forex Trading forextime. Books On Forex Trading forexcamp. Forex Good Books forexsoft. Order Book Trading Forex forextips. Books About Forex Trading currencytrade. Forex Trading Vs Options Trading forexbank. No markup on spread 4. No stop loss hunting 5. Guarantee no negative account balance. I would recommend Tickmill. However, minimum lotsize is 0.
Max leverage is As for a broker that meets all your criteria.. I am currently searching for brokers that meet your criteria. Drop me an email at linton abundancetradinggroup. Hi, Very nice and helpful article. But now I am wondering how B booking works on cTrader.
I also saw the screenshot of cBroker provided by IC Markets that shows clients are grouped in B book. How does this work? There is no disadvantage to be categorized in B book in this case? This is not true. Clients can be b-booked under cTrader as well. These are all old tricks of the MT4 platform, which very few brokers use nowadays.
Dealing desk intervention is impossible, guaranteeing you a level trading field that helps you reach your trading goals.
By that, they mean that the broker cannot intervene in the execution of your trades. However, they can still take the other side of your trade B book.
Still I feel there is no cause for concern. If the broker takes the other side of traders positions are their trades filled in house? Or all trades are filled in ECN even if traders are b-booked and in addition brokers place orders for their own profit?
To be honest and I not sure of the right answer and can only make a good guess. My guess is that trades are filled via ecn and then the broker opens addition positions. Because, if the trades were filled inhouse, you would not receive any slippage. Still I dont think this seems correct. There should be another way where the broker can B book you while simulating real life fill conditions. I consider between global prime and dukascopy, and wondering, since the commision of global prime quite high.
Whats different between dukascopy Swiss and dukascopy Euro? Thanks for dropping by! Ducascopy is marketplace model like stock exchange , where traders can see their own bids and offers in the depth of market when they place a limit order , while bids and offers limit orders Global Prime are executed as a market order when the price is triggered. Global prime offers liquidity receipts to traders to show them they who was the liquidity provider who filled their trade.
Hi there, I am a late arrival here. Looks like a descent firm on the surface. Do you have an opinion? By the way I love Singapore, I was there a few weeks ago visiting a fund manager friend based in Singapore. I feel fortunate to reside in Singapore too.
We also offer discounted commissions If in the future you would like the For the other brokers, you will be able to find out by checking through their customer agreements or legal documents on their website. Thanks, Linton, for the valuable services you are providing us private fx traders. I have been trading for many years, and I have not seen a broker who does not hunt SL.
That has been the reason I could not sign up with them a couple of years ago. You can get a stop loss or TP stealth EA here: However, to be honest with you, all the brokers on my website do not hunt stop loss. You can consider opening a free account with them.
Ducascopy still does not offer MT4, but they provide a third party bridge to use MT4 to connect to their Jforex platform. Instaforex is most likely B book, and they will send their consistently profitable clients to A book. If you would like to increase your know-how simply keep visiting this web page and be updated with the newest news posted here.