

Information about Forex Brokers, read their reviews like a Business Card..

■ NDD Brokers: They include ECN/STP brokers and provide direct access to interbank rates. That means traders get a better quotation and faster order-execution
■ DD Brokers: They are known as Market Makers and they build an internal market following the ECN market. Not a good choice for intraday Forex traders
ECN/STP BROKERS
- ECN means Electronic Communication Network and it is an electronic bridge connecting large liquidity providers (i.e. banks) with smaller market participants (i.e. retail traders). This connection works through an ECN Forex Broker who charges trading commissions for offering access to the ECN market.
- STP means Straight-Through Processing and refers to the method of transferring retail trading orders straight to liquidity providers, without any dealing desk intervention. STP Forex brokers usually offer a transaction speed between 70 and 150 milliseconds.