Tuesday, April 16, 2013

STP Broker Vs Market Maker Brokers - "How to choose the right broker" - Article 2


How to choose the right forex broker?

There are many aspects of choosing the best Forex broker for you and this decision is probably the most important decision of all.
Every broker is good, honest and reliable, until the point that they realise that clients are operating a profitable trading strategy, EA or scalping robot. This is where the real issues start for clients trading with MARKET MAKERS.
Once you’ve reached this stage, there several manipulations employed by market makers to look out for such as, strange trading behaviour, a change in execution quality and possibly re-quotes. At this point, if you are an experienced trader, you will ask yourself “do I actually trust this broker to pay my profits?”
Let’s share a secret, these brokers are ones that trade against you and make money when you operate a losing trading strategy!

Finding the Best Forex Broker

If your broker is not an STP, ECN or DMA broker, then the broker will trade against you. These brokers are called “market makers”.
By trading at a market maker, you are trading only fictional numbers and not real market conditions. The bottom line is that if you win the broker losses and vice versa. To make sure you are not trading with a market maker, please refer to the following steps.

Yadix offers true STP/ECN Trading for all clients on all accounts - Superior order execution & Low Forex Spreads.

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