A Guide to Forex Brokers: what Market Maker, STP and ECN brokers really are

Broker Discussion Forex Brokers
4

thank you!

5

I asked a Market Maker if they were “ok” on me Scalping them on a very fast time frame… up to 500 trades a day, they said it was totally fine, and I am getting quite a few re-quotes, would this be indicative of them being a market maker and using STP? And then again in another market maker brokerage I was told to piss off with my trading basically, would this be indicative of them hedging me and losing because I am not a losing trader?

Thank you for clearing this up by the way… so many other people explaining this give conflicting data, this is the way I thought the markets operated but didn’t know for sure.

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6

it’s a very intricate question and therefore it’s hard to answer this without knowing who the brokers are.
it’s almost impossible to know whether a market maker STPs your trades or not.

no market maker likes profitable traders, simple as that.

7

I searched a lot but did not find anything useful about ThinkForex. He says that he´s an ECN also offering free vps. Do you have any knowledge or experience with them?
Thank you

8

never heard of them, but i doubt they are an mt4 ecn, there are only two companies who offer that and i doubt these newcomers invested couple of mils to get this technology.

9

for your quick reply perhaps you have a look to their site and if you find more I would appreciate your further opinion

10

now it’s clear you work for them

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11

you´re NOT right… because I´m on to develop my own IT Business introducing clients to Forex Trading I need urgently a good broker. Before I knew something about TF I had Alpari in my mind but if somone here who has experience with TF is very warm welcome because of their offer. So I only need a good broker beside Alpari and Co, nothin more and nothin less

12

Which companies offers that?

13

One of my favorite trading “set-ups” is when prices have been in a trading range–between
key support and resistance levels–for an extended period of time (the longer, the better).
Has there been a price “breakout” from a trading range?

15

Hey, Thanks for this helpful explanation on the types of brokers. But have you any recommendation of a type of broker for a retail trader ? Is a STP broker correct ? I believe definitely not a Market Maker. Thanks for your help

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22

Hi … Are you still searching for a good broker to become introducing broker ? If you are, please contact me back, I have a good one for you. Im their IB too and they are just perfect !!

23

Since the post you’ve quoted is dated August 2010, I guess he’ll have found one by now. :smiley:

Cheers,
P.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure.
(Colin Powell)

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24

haha OMG !! Did not notice that …Gosh !! haha

25

I have a brokerage opening Pellucid FX (launch mid december)

I would like to have someone test my feeds with a fast scalping EA… ANYONE!?

It is a proper STP. When you make money it is yours…

But I need to fund out my liquidity provider is conducive to these types of robots. PM me, you can open an account or I can test the robot in the account myself if you like.

Thanks.

Damon

26

I am a beginner, your advice will be very helpful for me to choose a good forex broker

27

i am unable to PM u…which LP do you use?

28

ECNs are out of reach of most retail traders…choose STPs…

29

I am using Leverate, but looking at adding to that network if they are not good enough for ultra fast EAs. They do say they are though.

31

What regulation will your brokerage be operating under??Security of client funds?