Tips How To Pick Up Broxer

Before you choose a forex broker, we will give you information about your broker in the know. In general there are 4 types of forex brokers are most often used by the trader in trading or forex trading, which brokers Conventional, Non-Dealing Desk (ECN / STP), dealing desk and Hybrid.
Forex trading can also be done in a way you go to your bank or to the exchange (money changer) to deal with physical money. The traditional way of trading forex is the so-called conventional (non-online), which is certainly a lot of limitations and not realtime.
On this page we only discuss and introduce the types of brokers who used to Bertading Forex Online (non-physical), namely:

BROKER NON-DEALING DESK
That is a broker for which orders are forwarded directly to the market or to other brokers. Usually spread in the dealing desk broker type is both changeable depending on the market.
Non-Dealing Desk Brokers type is suitable for professional traders, because it is very fair, with no manipulation and user to bet against the real market and not against a broker or dealer.
Types of Non-Dealing Desk broker is divided into two, namely ECN Broker and Broker STP

ECN Forex Brokers
At ECN broker type is the user can jump directly and participate in the actual market is where part mixes well with other participants in those markets such as the Bank, Government, Institutions and Individuals Trader where they interact with each other in Buy and Sell simultaneously, without intervention from the broker or dealer (dealing desk). Usually the only brokerage firm to benefit from the commission or mark-ups of the spread. In the type of conditions used ECN broker is a real condition that occurs in the market and without artificial. ECN brokers working with sellers and buyers together in real time (via online, real-time), and not against a broker / dealer in conducting its Buy and Sell.

STP Forex Broker
Brokers of this type serves as a bridge connecting with other brokerage firms as likuiditornya. Usually the broker's order execution STP type is passed on to the big brokers (large institutions) or to some ECN brokers. But if the order of the STP broker forwarded to the broker who manifold Dealing Desk broker then the order of the STP is dependent to the broker who headed it.

Often brokers (especially unregulated / unregulated) called STP with ECN, but basically a little different, because the STP is to use another broker as liquiditornya party (thrown to another broker), so that the execution and everything from broker STP type is dependent on the broker liquiditornya and quality of the connection path routing. While the type that really ECN broker is not thrown back to another broker, but directly to several major banks (multi inter-bank) and the actual market that brings buyers and sellers directly without the intervention of a broker dealer or a bookie.