Forex brokers can be differentiated by many things, such as whether they are operating with or without a license, the available trading platforms, how the orders are executed, and many more.
🔵The most crucial difference lies in whether your broker is a Dealing Desk (DD) or a No Dealing Desk (NDD) Forex Broker.
🔵1. Straight Through Processing (STP) Brokers
🔵2. Electronic Communication Network (ECN) Brokers
🔵The biggest difference between the two NND broker types is that STP brokers make money by adding a small mark-up on the bid/ask spread, while ECN brokers generate revenue from a commission on each position that a trader opens.
🔵The growth of the forex market has resulted in more traders and deeper liquidity.
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Review Brokers Online is the top international guide to online trading in 2020. Read our tutorials and watch how-to videos to get practical tips for successful trading.
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