Hi,
Well here’s a little ‘gem’ that has just been pointed out to me. Although it’s a list of brokers that’s not what’s important i.e. it’s the article BENEATH the list of brokers that’s the little ‘gem’ I’m referring to. It’s probably the finest explanation I’ve seen anywhere of the different types of brokers and how they work:
ECN brokers list | ECN/STP Forex brokers
(Of course: the reason that Deltastock is mentioned in the list of brokers DID ‘tip the scales’ in favour of my posting a link to this site let’s be honest about that but it is indeed an exceptionally good explanation and you cannot accuse me of being biased because there’s 99 OTHER brokers listed)!!! LOL!!!
Regards,
Dale.
interesting article … So, generally speaking, the dealing desk brokers are just made up of trolls, asshats and crooks with fancy suits… and high level of education… ? 
Hello,
Interesting observation!!! LOL!!!
But no: I’d not go THAT far. Remember something: it’s only in relatively recent times that retail traders of any type (market) have had access to the markets the way that they have now. In ‘the old days’ retail traders would have had to call up their broker (dealing desk) on the phone and ask them to buy or sell whatever instrument it was (and come to think of it this just reminded me that I DID INDEED make a few stock trades MANY MANY years ago i.e. I’d forgotten all about those until now) and even if you wanted to buy or sell at a certain price there was no guarantee that they would be able to get that price for you (which would inevitably result in them calling you back to tell you what price they COULD get for your buy or sell order which, in today’s terms, is referred to as slippage). Basically what I’m saying is that back then, as is the case now, if the broker is a broker of ill repute it doesn’t matter whether they’re a dealing desk or a non-dealing desk broker: if they’re going to ‘mess with you’ they’re going to do it. The only difference now is that technology has made it easier for those types of brokers to ‘cover up’ their little ‘tricks’ by giving them an additional multitude of possible ‘excuses’ for a trade going sour or a stop being taken out for no conceivable or obvious reason.
Regards,
Dale.