Those of you who have ‘real’ insight, please comment on my opinion below.
I am studying at BabyPips School and (I am a new kid in FX but old bro in business)
I suppose the STP ECN broker is a better choice, because Dealing Desk brokers match their client’s orders first. If there is a trend or unexpected market move, all their clients will go one direction and they cannot match them any more so they have to go out to get liquidity. On the other hand, ECNs already work with a much wider clientele and would close orders and find matches faster. This way my risk factor that my order would not be fulfilled is much lower.
Am I right with this above conclusion?