Market Makers, ECN and STP brokers
- Thread starter globalfx
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I am using Armada Markets. They are ECN broker. I am using them because they have no requotes or delays.
ECN and STP brokers are the best to trade with. Straight Through Processing (STP) forex brokers send their customers' orders directly to the liquidity providers (banks or larger brokers) without running them through a dealing desk. This means that orders are filled without unnecessary delays, and that ideally, with STP execution there are rare re-quotes. I would not say that there are platforms free from re-quotes. As long as there is change in market price/quote, then your broker will always ask for permission whether to execute or not.
I am using STP/ECN broker - Gainsy, (personally I have STP account). Why STP is better? 'cause I can use MT4))) As for me it's the best TP and best broker.
This is a very bad Broker. I won't advice anyone to go near it. Please don't make me start giving my experience. and stop advertising on my thread. I asked what these terms mean you sh***
Thank you Vic for your concise explanation. I am sure I and newbies would benefit. I see who you represent and I'll look into it. But can you explain the advantages of market makers?
Gainsy is spamming forums, unreliable broker detected
Please if you don't have anything better to do.
Please if you don't have anything better to do.
Then how does they handle slippage issues. I have heard lots of traders complain about slippage on their platform.
So I still carry with broker)
I'm sorry, apparently I did not understand your question...
And what about theme of thread - the easiest way to start trading IMO is to open STP account - because to open ECN account you need to deposit not a little money (Too big for start if you're beginner)
And I cannot say nothing about Markets - cause I don't know nothing about it(
Sorry, but I thought it's a forum and i can express my point of view... And you think it's bad?
Golbalfx, sorry for THIS post in your thread, but someone called me a spammer!)
It depends what you want broker for? A market maker makes money when you lose, it means their interest is for you to lose. ECN/DMA/STP sends all orders direct to the banks, depends on their liquidity will determine execution quality, as well as their technology
News traders can win anywhere
Thank you. But who trades with a broker that is interested in your loss. Some traders have some nerves to trade against the Market Makers.
I am using VPS to minimize slippage. All ECN brokers have slippage. Unfortunately no way around it.
To trade without slippage use a market maker but then you have requotes and wider spreads.
Who wants to trade with wide spreads? Why then do we need to trade using MM? What kind of positive moments in trading with MM?
Market maker will give you requotes and delays so it's much worse than slippage on ECN/STP brokers. Only thing is that with MM slippage is smaller than on ECN.
I would not trade with MM broker.
Thnx, I didn't know that))
So I'd not trade with MM too)
Now I trade with STP. Maximum what I'll do is change my STP account to ECN.
I didn't suggest that you use my broker or try them either. What I said was I'm voting for STP and satisfied with my STP broker duh. 🙄
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