At Yadix Forex Broker, we believe that our clients no matter what level of experience they have should enjoy the best trading execution available in the market today, that's why at Yadix, we offer STP (Straight Through Processing).
The more experienced readers will now the difference between STP, ECN, Dealing Desks and Market Makers when trading forex online. However, for those of you that don't, we would like to give you a simple over-view and understanding of what STP is and and understanding of its benefits.
STP forex execution is a process that cuts out the human element of a middle-man and in essence, it means that the client is trading directly with the selection of liquidity providers competing for your orders. In this model, the STP broker does not employ a dealing desk and does not profit from clients losses, but a smaller profit is made by the broker in the difference between the bid and the ask price...the spread.
STP is beneficial because traders can rest assured that there is no conflict of interest or manipulation from the broker such as re-quotes or delays in executing opening or closing orders.
ECN and STP are extremelly similar in the way orders are executed, however, ECN is not available on the user-friendly MT4 trading platform which allows clients to utilise the many benefits associated to MT4 such as Indicators, charting tools, upload customer indicators and expert advisors (EAs). Even the newer MT5 platform that was made available by Meta Quotes does not allow the use of EAs and forex strategies such as hedging and scalping.
That is why MT4 is the preferred choice as the main trading platform of Yadix Forex Broker, to ensure that our clients are and remain fully satisfied with trading enviorment, tools and excellent forex trading conditions that Yadix provides.
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