What is a Dealing Desk Broker?
In the NDD model, brokers can apply a markup to the spread they receive from their liquidity providers. By marking up (adding an additional fixed fee) this spread slightly, NDD brokers earn revenue on each trade executed. Best ndd forex broker in india In summary, a forex ECN broker uses the MT4 or MT5 trading platforms, and manages ECN trading as a ‘hub’, where all the major market players act as a liquidity source. The broker uses this network to provide its clients with direct access to other participants in the market.
Best forex broker no dealing desk
An NDD (No Dealing Desk) Forex broker facilitates direct market access for traders, routing their orders directly to liquidity providers without any intervention. This differs from dealing desk brokers, which may execute trades internally. ECN/STP Brokers Explained As a Forex broker, your primary responsibility is to provide the customers with liquidity. This considers working with liquidity providers who can give access to the interbank market. Liquidity suppliers can be banks, financial institutions, or other brokerage houses.NDD Forex Brokers 2024 List
Brokers who use No Dealing Desk trading do not impose any restrictions on scalping strategies or traders who are profitable. Types of Forex Brokers Based on Client Type An NDD (No Dealing Desk) broker is a financial intermediary that provides a forex trading platform with direct access to interbank financial market rates of exchange. Unlike traditional Dealing Desk brokers, NDD brokers do not act as counterparties to their clients’ trades, eliminating potential conflicts of interest. The brokers route their clients’ orders directly to multiple liquidity providers, including banks and financial institutions, allowing traders to benefit from competitive bid/ask spreads. While trading with NDD brokers offers transparency and impartiality, they may charge extra commissions or fees, making them relatively more expensive compared to trading with Dealing Desk brokers.
