Hi, everyone. Can someone explain to me what is the difference between dealing and non dealing desk?
Dealing desk will take a position against yours and non-dealing desk will not. Thats the easy answer, its more complicated than that though. If you have a micro account an ECN will still likely set your and others off against either their contra clients re your position or flat out take the other side? LOL!!! Read your brokers small print and do some quality study on the subject on line.
EDIT: In all serious though… go with a ECN. In the grand scheme of things aside from ‘bucket shops’ your trade will play out… win or lose? Standard practise right, if your a broker? Lay off bets with a willing party.
Thanks Carter,
I am currently having an account with GFT. Is a ECN broker right?
Correct. :5:
Are you sure GFT is a ECN broker?
GFT is most certainly not an ECN.
It’s a market maker entity.